FN Options History — November 2022

In November 2022, FN traded between $111.51 and $131.89. ATM implied volatility averaged 42.2%, placing in the 19.3% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded below realized volatility by 4.8% (HV 20d: 47.0%). Max pain ranged from $105.00 to $115.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.58.

Notable Days

2022-11-08: Highest Volume — 288 contracts
2022-11-08: Largest IV drop — 42.9% change
2022-11-07: Highest IV Rank — 58.9%
2022-11-02: Largest Expected Move — 18.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$123.78	$111.51	$131.89	$116.09	$131.89
Max Pain	$110.95	$105.00	$115.00	$110.00	$115.00
ATM IV	42.2%	30.2%	76.3%	61.9%	33.0%
Expected Move	11.2%	8.7%	18.5%	17.8%	9.5%
HV 20d	47.0%	34.6%	55.0%	37.4%	50.4%
HV 60d	57.0%	40.6%	85.1%	83.2%	41.2%
IV Rank	19.3%	5.3%	58.9%	42.2%	8.6%
IV Percentile	42.6%	7.1%	99.6%	98.0%	16.7%
Term Structure	-1.9%	-14.7%	5.1%	-12.5%	-1.5%
VWIV	41.4%	26.1%	63.8%	63.8%	33.1%
Skew 25d	6.4%	-1.4%	14.4%	10.8%	5.2%
Skew 10d	15.1%	4.6%	42.1%	8.6%	16.6%
Call IV 25d	38.0%	28.9%	51.3%	50.6%	33.7%
Put IV 25d	44.4%	35.8%	65.6%	61.4%	38.9%
Bid-Ask Spread %	86.47	70.41	106.86	70.41	92.53
Gamma HHI	0.27	0.15	0.56	0.17	0.28
Net GEX	54.8K	-968	148.3K	1.2K	63.6K
Net DEX	-934.2K	-2.0M	-47.9K	-147.0K	-1.2M
Net VEX	-2.9K	-4.3K	-1.9K	-1.9K	-3.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.58	0.65	12.14	1.97	12.14
Total Volume	161.714	0	288	101	92
Total OI	353.524	204	550	204	325

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2022-11-01	$116.09	$110.00	61.9%	17.8%	37.4%	42.2%	63.8%	10.8%	-12.5%	1.2K	-147.0K	-1.9K	1.97	70.41	34	67	57	147
2022-11-02	$113.62	$110.00	64.4%	18.5%	36.5%	45.1%	61.9%	14.4%	-14.7%	-968	-47.9K	-2.1K	1.29	74.05	49	63	59	152
2022-11-03	$113.64	$105.00	63.3%	13.2%	36.0%	43.8%	49.6%	8.7%	-3.6%	578	-116.5K	-2.0K	1.07	81.83	59	63	66	154
2022-11-04	$112.46	$105.00	65.3%	13.6%	34.8%	46.1%	48.8%	3.7%	-3.0%	5.9K	-155.6K	-2.1K	1.03	78.41	61	63	81	154
2022-11-07	$111.51	$105.00	76.3%	14.0%	34.6%	58.9%	48.9%	9.1%	-4.0%	11.0K	-206.2K	-2.1K	1.88	74.57	65	122	102	154
2022-11-08	$123.04	$110.00	43.6%	10.5%	47.1%	20.9%	39.8%	6.1%	-0.8%	42.0K	-984.7K	-2.3K	0.79	76.64	161	127	141	202
2022-11-09	$116.97	$110.00	38.3%	11.0%	51.3%	14.8%	38.1%	7.0%	-4.5%	38.1K	-489.1K	-2.3K	0.82	89.44	155	127	135	229
2022-11-10	$124.69	$110.00	36.0%	10.3%	55.0%	12.0%	35.2%	5.4%	-1.6%	39.2K	-996.9K	-2.0K	0.66	87.24	171	112	131	229
2022-11-11	$127.03	$110.00	37.0%	10.6%	52.7%	13.3%	38.9%	10.3%	-0.1%	76.7K	-1.5M	-2.9K	1.11	87.88	122	136	205	230
2022-11-14	$125.71	$110.00	36.6%	10.5%	52.9%	12.7%	37.6%	5.3%	-2.4%	74.5K	-1.3M	-2.9K	0.69	80.07	130	90	198	255
2022-11-15	$126.98	$110.00	35.3%	10.1%	52.9%	11.3%	33.6%	6.2%	0.1%	76.7K	-1.4M	-3.0K	0.65	78.54	140	91	204	255
2022-11-16	$126.84	$110.00	35.6%	10.2%	51.5%	11.6%	35.5%	2.0%	-0.6%	110.7K	-1.6M	-4.3K	0.70	75.42	130	91	274	276
2022-11-17	$127.67	$110.00	34.9%	10.0%	51.4%	10.8%	38.7%	-1.4%	1.7%	115.0K	-1.8M	-4.1K	0.70	85.18	130	91	274	276
2022-11-18	$129.83	$110.00	32.7%	9.4%	49.7%	8.2%	37.2%	4.5%	0.9%	148.3K	-2.0M	-3.7K	0.83	81.74	130	108	274	276
2022-11-21	$127.90	$115.00	30.2%	8.7%	50.4%	5.3%	26.1%	5.5%	5.1%	57.4K	-946.5K	-3.7K	0.71	100.98	82	58	175	138
2022-11-22	$129.50	$115.00	30.4%	8.7%	48.4%	5.5%	30.4%	8.6%	0.2%	59.8K	-1.0M	-3.4K	0.72	106.86	81	58	175	138
2022-11-23	$129.34	$115.00	31.0%	8.9%	48.3%	6.2%	31.8%	6.8%	4.3%	62.6K	-1.0M	-3.5K	0.67	92.99	81	54	176	138
2022-11-25	$129.98	$115.00	30.4%	8.7%	48.2%	5.6%	0.0%	11.3%	-1.4%	59.6K	-1.0M	-3.5K	0.00	105.93	0	0	176	147
2022-11-28	$127.50	$115.00	35.1%	10.1%	49.1%	11.1%	0.0%	0.2%	-0.1%	53.7K	-836.0K	-3.4K	0.00	96.84	0	0	176	147
2022-11-29	$127.11	$115.00	35.4%	10.1%	49.2%	11.4%	56.9%	3.8%	-1.9%	55.5K	-824.4K	-3.2K	0.00	98.23	0	2	176	147
2022-11-30	$131.89	$115.00	33.0%	9.5%	50.4%	8.6%	33.1%	5.2%	-1.5%	63.6K	-1.2M	-3.0K	12.14	92.53	7	85	176	149