FN Options History — November 2023

In November 2023, FN traded between $153.34 and $175.00. ATM implied volatility averaged 41.0%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 1.5% (HV 20d: 42.5%). Max pain ranged from $150.00 to $165.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.18.

Notable Days

  • 2023-11-07: Highest Volume — 1,564 contracts
  • 2023-11-07: Largest IV drop — 59.5% change
  • 2023-11-06: Highest IV Rank — 100.0%
  • 2023-11-01: Largest Expected Move — 19.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$165.95$153.34$175.00$153.34$160.25
Max Pain$153.33$150.00$165.00$165.00$150.00
ATM IV41.0%30.0%94.8%68.1%30.6%
Expected Move10.6%8.6%19.5%19.5%8.8%
HV 20d42.5%35.6%47.0%36.2%38.8%
HV 60d50.2%35.2%66.6%65.2%35.3%
IV Rank25.2%5.9%100.0%83.8%6.9%
IV Percentile48.8%14.3%100.0%98.4%21.0%
Term Structure-1.9%-18.1%3.4%-18.1%1.9%
VWIV38.5%31.6%70.8%70.8%31.6%
Skew 25d2.3%-4.4%6.1%4.5%3.9%
Skew 10d8.0%1.6%31.6%12.1%14.4%
Call IV 25d36.9%28.9%65.8%65.8%28.9%
Put IV 25d39.2%28.6%70.3%70.3%32.8%
Bid-Ask Spread %74.3451.5288.2651.5288.26
Gamma HHI0.420.210.550.210.37
Net GEX572.8K119.8K1.4M119.8K192.5K
Net DEX-9.6M-19.5M-2.1M-3.2M-2.1M
Net VEX-50.9K-66.2K-32.9K-49.4K-32.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.180.0811.701.870.53
Total Volume272.476111,56411226
Total OI4,408.4763,3535,7963,5273,413

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$153.34$165.0068.1%19.5%36.2%83.8%70.8%4.5%-18.1%119.8K-3.2M-49.4K1.8751.5239731,8971,630
2023-11-02$155.36$150.0067.5%14.0%35.6%82.6%49.8%2.2%-6.3%145.5K-4.3M-50.7K0.4254.692481051,9191,673
2023-11-03$162.90$150.0072.7%15.2%40.0%92.9%52.3%2.4%-8.4%296.6K-9.2M-58.2K0.4357.883611562,1231,739
2023-11-06$161.68$150.0094.8%15.7%40.0%100.0%56.6%4.4%-8.5%343.5K-9.3M-66.2K1.9370.955099842,4031,847
2023-11-07$172.32$150.0038.4%10.1%46.2%18.2%36.4%2.9%-0.4%769.7K-16.9M-63.4K0.6767.369376272,6602,818
2023-11-08$171.86$155.0034.5%9.9%45.8%12.4%34.3%2.6%-0.5%925.3K-16.1M-62.2K0.4568.59105472,7312,598
2023-11-09$166.27$155.0035.8%10.2%47.0%14.2%33.9%6.1%0.2%580.8K-9.9M-59.8K0.3273.49137442,7032,621
2023-11-10$167.05$155.0033.7%9.7%45.4%11.3%33.5%3.0%0.2%669.7K-10.7M-58.7K11.7070.75374332,7062,632
2023-11-13$169.08$155.0033.9%9.7%45.2%11.5%34.4%2.7%-0.1%537.1K-11.5M-57.8K0.5370.501792,7113,023
2023-11-14$175.00$155.0032.9%9.4%47.0%10.2%32.8%3.0%0.1%1.2M-19.5M-55.2K0.2473.6462152,7133,022
2023-11-15$171.86$155.0033.8%9.7%45.0%11.4%33.1%3.0%-1.2%1.1M-15.1M-54.5K1.0272.5447482,7323,036
2023-11-16$168.75$155.0032.6%9.3%44.7%9.7%31.8%3.1%-0.3%578.1K-10.8M-51.7K0.5274.5252272,7183,078
2023-11-17$170.25$155.0030.0%8.6%44.2%5.9%31.6%3.5%0.0%1.4M-12.6M-50.2K0.2078.4850102,7253,057
2023-11-20$171.68$155.0030.4%8.7%43.9%6.5%32.5%-3.7%3.4%629.5K-12.8M-49.1K0.0883.67169141,9281,444
2023-11-21$165.61$155.0031.3%9.0%45.8%7.8%32.4%4.2%-0.5%470.9K-7.4M-43.7K1.2786.5849621,9081,454
2023-11-22$165.96$155.0032.7%9.4%45.2%9.9%35.4%2.5%0.9%475.2K-7.7M-45.2K0.9881.7451501,9121,441
2023-11-24$165.00$150.0030.1%8.6%39.8%6.0%0.0%3.7%-0.7%417.7K-6.4M-43.0K0.1087.121011,9141,465
2023-11-27$164.28$150.0032.6%9.4%39.4%9.7%33.2%0.9%-1.0%436.5K-6.2M-39.9K0.8779.9915131,9161,466
2023-11-28$164.09$150.0031.4%9.0%38.6%8.0%36.8%-4.4%0.5%407.2K-6.6M-41.3K0.5282.7433171,9151,475
2023-11-29$162.43$150.0032.3%9.3%38.8%9.3%36.1%-2.2%-0.2%349.8K-4.3M-36.1K0.2286.092761,9231,489
2023-11-30$160.25$150.0030.6%8.8%38.8%6.9%31.6%3.9%1.9%192.5K-2.1M-32.9K0.5388.261791,9231,490