FN Options History — December 2022

In December 2022, FN traded between $124.72 and $133.45. ATM implied volatility averaged 35.2%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 2.5% (HV 20d: 32.7%). Max pain ranged from $115.00 to $130.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 3.37.

Notable Days

2022-12-13: Highest Volume — 65 contracts
2022-12-14: Largest IV drop — 43.4% change
2022-12-13: Highest IV Rank — 35.3%
2022-12-28: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$129.30	$124.72	$133.45	$133.45	$127.77
Max Pain	$126.43	$115.00	$130.00	$115.00	$130.00
ATM IV	35.2%	30.5%	56.0%	32.0%	31.1%
Expected Move	9.2%	8.1%	10.1%	9.2%	8.9%
HV 20d	32.7%	22.5%	49.9%	49.4%	30.7%
HV 60d	40.2%	39.5%	41.2%	41.1%	39.5%
IV Rank	11.2%	5.7%	35.3%	7.5%	6.3%
IV Percentile	25.2%	7.9%	89.7%	12.7%	7.9%
Term Structure	7.3%	-1.8%	12.7%	0.2%	12.7%
VWIV	33.3%	29.0%	43.6%	43.6%	31.4%
Skew 25d	5.2%	-3.1%	11.3%	6.4%	6.3%
Skew 10d	12.8%	-2.6%	23.4%	-2.6%	16.7%
Call IV 25d	31.2%	27.3%	35.5%	32.4%	30.3%
Put IV 25d	36.5%	27.7%	42.3%	38.7%	36.6%
Bid-Ask Spread %	91.08	86.43	96.54	92.07	95.51
Gamma HHI	0.31	0.25	0.52	0.25	0.32
Net GEX	2.9K	-76.3K	58.2K	55.9K	-21.0K
Net DEX	-546.1K	-1.4M	230.8K	-1.2M	-130.8K
Net VEX	-5.2K	-6.6K	-3.4K	-3.4K	-5.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.37	0.00	28.50	0.30	0.00
Total Volume	17.571	0	65	35	6
Total OI	448.286	372	594	398	413

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
2022-12-01	$133.45	$115.00	32.0%	9.2%	49.4%	7.5%	43.6%	6.4%	0.2%	55.9K	-1.2M	-3.4K	0.30	92.07	27	8	175	223
2022-12-02	$132.88	$115.00	31.1%	8.9%	49.5%	6.4%	41.3%	6.5%	-1.8%	58.2K	-1.4M	-4.3K	28.50	91.03	2	57	201	230
2022-12-05	$130.57	$125.00	38.1%	9.1%	49.9%	14.5%	34.9%	6.8%	6.7%	35.9K	-1.1M	-4.6K	0.16	86.69	25	4	201	269
2022-12-06	$129.54	$125.00	36.4%	9.1%	49.9%	12.6%	0.0%	9.9%	5.6%	26.2K	-873.7K	-4.4K	0.00	88.94	0	0	190	267
2022-12-07	$127.86	$125.00	37.1%	10.0%	37.0%	13.3%	30.6%	4.8%	5.3%	17.7K	-669.9K	-4.4K	0.00	86.43	1	0	190	267
2022-12-08	$130.72	$125.00	34.8%	8.1%	31.9%	10.7%	32.3%	5.6%	12.5%	31.4K	-989.5K	-4.2K	0.00	88.65	0	12	190	267
2022-12-09	$130.64	$125.00	36.3%	10.1%	23.3%	12.4%	32.2%	3.6%	0.6%	28.5K	-940.8K	-4.3K	0.00	89.18	10	0	191	279
2022-12-12	$130.57	$125.00	51.6%	9.3%	22.5%	30.3%	0.0%	1.6%	6.1%	24.1K	-947.3K	-4.0K	0.00	89.32	0	1	191	279
2022-12-13	$132.98	$125.00	56.0%	8.7%	22.9%	35.3%	30.8%	-3.1%	6.7%	37.4K	-1.2M	-3.7K	12.00	89.83	5	60	191	280
2022-12-14	$130.18	$125.00	31.6%	9.1%	24.2%	7.0%	29.0%	5.7%	4.5%	12.3K	-700.4K	-5.0K	0.10	91.25	21	2	193	340
2022-12-15	$125.66	$125.00	31.4%	9.0%	27.5%	6.7%	32.0%	4.5%	9.4%	-43.3K	-187.5K	-5.8K	2.92	88.47	13	38	212	341
2022-12-16	$124.72	$130.00	30.5%	8.8%	27.5%	5.7%	32.5%	0.6%	10.6%	-76.3K	208.3K	-6.1K	0.33	89.37	3	1	215	379
2022-12-19	$125.16	$130.00	31.2%	8.9%	26.7%	6.5%	33.9%	1.1%	12.6%	-36.9K	230.8K	-6.0K	0.03	90.79	36	1	122	250
2022-12-20	$129.81	$130.00	31.1%	8.9%	29.4%	6.4%	32.1%	7.3%	9.8%	-12.9K	-310.4K	-6.3K	2.86	91.63	7	20	156	250
2022-12-21	$131.51	$130.00	32.6%	9.3%	29.5%	8.1%	29.5%	5.8%	9.4%	-4.6K	-504.3K	-6.4K	0.00	91.52	4	0	159	250
2022-12-22	$128.49	$130.00	33.3%	9.6%	30.7%	8.9%	33.2%	4.5%	9.0%	-10.6K	-204.5K	-6.6K	0.00	91.52	0	3	159	250
2022-12-23	$128.14	$130.00	31.5%	9.0%	30.6%	6.9%	0.0%	7.1%	7.9%	-16.1K	-141.0K	-6.3K	0.00	95.28	0	0	159	252
2022-12-27	$130.16	$130.00	34.1%	9.8%	30.3%	9.8%	0.0%	8.3%	9.7%	-7.1K	-323.3K	-6.2K	0.00	92.34	0	0	159	252
2022-12-28	$125.78	$130.00	35.3%	10.1%	32.8%	11.2%	0.0%	11.3%	3.9%	-21.9K	100.0K	-5.9K	0.00	96.54	0	0	159	252
2022-12-29	$128.66	$130.00	32.3%	9.3%	31.0%	7.8%	0.0%	5.2%	11.9%	-15.2K	-167.8K	-5.9K	0.00	96.27	2	0	159	252
2022-12-30	$127.77	$130.00	31.1%	8.9%	30.7%	6.3%	31.4%	6.3%	12.7%	-21.0K	-130.8K	-5.8K	0.00	95.51	6	0	161	252