FN Options History — April 2023

In April 2023, FN traded between $94.00 and $116.16. ATM implied volatility averaged 43.5%, placing in the 20.6% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 1.6% (HV 20d: 41.9%). Max pain ranged from $100.00 to $120.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 1.17.

Notable Days

2023-04-12: Highest Volume — 801 contracts
2023-04-12: Largest IV spike — 32.1% change
2023-04-18: Highest IV Rank — 29.4%
2023-04-18: Largest Expected Move — 14.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$100.08	$94.00	$116.16	$116.16	$94.68
Max Pain	$103.42	$100.00	$120.00	$120.00	$100.00
ATM IV	43.5%	28.6%	51.1%	28.6%	50.9%
Expected Move	12.9%	8.2%	14.7%	8.2%	14.6%
HV 20d	41.9%	32.1%	48.1%	32.1%	40.0%
HV 60d	36.6%	32.7%	38.3%	32.7%	35.3%
IV Rank	20.6%	3.5%	29.4%	3.5%	29.1%
IV Percentile	58.0%	3.6%	78.2%	3.6%	78.2%
Term Structure	-5.2%	-14.0%	13.7%	13.4%	-9.1%
VWIV	48.0%	30.3%	54.3%	30.3%	54.3%
Skew 25d	6.8%	-1.6%	17.0%	17.0%	12.5%
Skew 10d	11.2%	-6.5%	35.3%	-6.5%	14.5%
Call IV 25d	44.3%	26.0%	55.8%	26.0%	53.2%
Put IV 25d	51.1%	37.3%	65.7%	43.1%	65.7%
Bid-Ask Spread %	90.08	83.10	103.07	102.54	90.48
Gamma HHI	0.28	0.22	0.45	0.26	0.25
Net GEX	-161.0K	-262.7K	-56.0K	-56.0K	-247.4K
Net DEX	3.8M	760.3K	5.7M	760.3K	5.1M
Net VEX	-16.9K	-21.2K	-11.0K	-12.2K	-20.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.17	0.01	8.50	0.23	0.56
Total Volume	224.895	0	801	2	14
Total OI	2,074.842	881	3,046	883	3,046

Daily Data (19 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
2023-04-03	$116.16	$120.00	28.6%	8.2%	32.1%	3.5%	30.3%	17.0%	13.4%	-56.0K	760.3K	-12.2K	0.00	102.54	0	2	311	572
2023-04-04	$112.93	$120.00	29.3%	8.4%	33.2%	4.2%	0.0%	7.4%	8.2%	-66.8K	1.1M	-12.0K	0.23	100.71	31	7	311	570
2023-04-05	$112.27	$120.00	33.6%	9.6%	32.8%	9.3%	0.0%	8.7%	13.7%	-71.7K	1.3M	-11.9K	0.00	103.07	0	0	328	573
2023-04-06	$101.80	$105.00	41.1%	13.3%	46.8%	18.0%	46.8%	4.7%	-8.2%	-96.3K	2.5M	-11.0K	1.08	89.47	185	200	328	573
2023-04-10	$104.15	$100.00	34.2%	13.4%	47.4%	9.6%	46.7%	11.5%	-7.7%	-60.6K	1.9M	-14.2K	8.50	85.75	20	170	483	751
2023-04-11	$101.30	$100.00	35.6%	13.0%	48.1%	11.2%	46.0%	6.6%	-4.9%	-95.6K	3.0M	-14.9K	0.65	83.10	37	24	482	851
2023-04-12	$101.06	$100.00	47.0%	13.5%	47.1%	24.6%	49.2%	8.0%	-7.0%	-93.9K	2.9M	-15.0K	0.39	85.68	576	225	505	852
2023-04-13	$99.75	$100.00	42.9%	12.3%	44.9%	19.7%	44.7%	3.0%	-4.7%	-83.2K	2.9M	-14.9K	2.90	89.60	91	264	1,068	800
2023-04-14	$98.38	$100.00	46.8%	13.4%	44.8%	24.3%	47.6%	2.5%	-8.7%	-138.0K	4.0M	-17.8K	0.14	85.06	115	16	1,203	1,027
2023-04-17	$97.87	$100.00	43.2%	12.4%	44.5%	20.1%	53.2%	8.9%	-5.7%	-149.5K	4.0M	-17.2K	3.11	84.99	120	373	1,233	1,037
2023-04-18	$97.16	$100.00	51.1%	14.7%	41.8%	29.4%	46.8%	5.4%	-12.9%	-190.8K	4.8M	-20.0K	0.01	87.08	295	2	1,349	1,314
2023-04-19	$94.44	$100.00	50.0%	14.3%	42.4%	28.0%	52.2%	-1.6%	-14.0%	-239.8K	5.7M	-18.9K	0.20	89.10	245	48	1,444	1,279
2023-04-20	$94.97	$100.00	46.2%	13.2%	42.6%	23.6%	45.8%	5.5%	-9.5%	-223.1K	5.6M	-20.7K	0.34	86.50	188	63	1,598	1,280
2023-04-21	$95.45	$100.00	47.3%	13.6%	42.7%	24.9%	48.8%	0.9%	-7.9%	-232.7K	5.4M	-20.7K	0.08	91.76	121	10	1,652	1,317
2023-04-24	$95.03	$100.00	49.5%	14.2%	42.7%	27.5%	54.1%	5.2%	-10.6%	-242.7K	5.0M	-21.2K	0.10	91.63	109	11	1,492	1,231
2023-04-25	$95.02	$100.00	49.6%	14.2%	41.2%	27.7%	53.7%	7.4%	-8.1%	-262.7K	5.2M	-19.0K	0.27	88.35	60	16	1,538	1,240
2023-04-26	$95.09	$100.00	49.6%	14.2%	41.4%	27.6%	48.5%	4.6%	-7.2%	-254.9K	5.1M	-20.6K	1.07	91.62	179	192	1,596	1,250
2023-04-27	$94.00	$100.00	50.1%	14.4%	40.4%	28.2%	0.0%	10.3%	-8.2%	-252.9K	5.3M	-18.6K	0.28	84.93	206	58	1,718	1,220
2023-04-28	$94.68	$100.00	50.9%	14.6%	40.0%	29.1%	54.3%	12.5%	-9.1%	-247.4K	5.1M	-20.5K	0.56	90.48	9	5	1,772	1,274