FN Options History — January 2024

In January 2024, FN traded between $184.04 and $219.15. ATM implied volatility averaged 47.6%, placing in the 31.5% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded above realized volatility by 17.5% (HV 20d: 30.1%). Max pain ranged from $175.00 to $200.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 2.74.

Notable Days

  • 2024-01-24: Highest Volume — 742 contracts
  • 2024-01-10: Largest IV spike — 60.1% change
  • 2024-01-30: Highest IV Rank — 57.8%
  • 2024-01-30: Largest Expected Move — 18.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$196.48$184.04$219.15$187.93$215.43
Max Pain$186.67$175.00$200.00$175.00$200.00
ATM IV47.6%29.2%65.8%29.7%64.8%
Expected Move14.6%8.5%18.9%8.5%18.6%
HV 20d30.1%22.0%34.3%33.7%28.7%
HV 60d35.3%33.3%36.8%36.7%33.9%
IV Rank31.5%4.8%57.8%5.5%56.4%
IV Percentile67.0%11.9%96.4%15.5%95.6%
Term Structure-8.1%-18.9%16.8%16.8%-18.9%
VWIV52.5%30.7%70.0%34.6%70.0%
Skew 25d2.2%-5.8%5.9%3.4%-2.5%
Skew 10d4.4%-9.9%21.9%-4.0%-9.9%
Call IV 25d50.4%30.6%71.3%31.0%68.5%
Put IV 25d52.6%32.3%66.0%34.4%66.0%
Bid-Ask Spread %64.7453.7285.2585.2574.07
Gamma HHI0.200.130.600.150.23
Net GEX227.1K74.5K414.2K244.8K280.0K
Net DEX-8.4M-16.2M-4.5M-8.6M-8.7M
Net VEX-20.5K-26.8K-15.0K-22.8K-26.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.740.0440.750.482.21
Total Volume100.762217424645
Total OI1,785.6678972,3171,9601,559

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$187.93$175.0029.7%8.5%33.7%5.5%34.6%3.4%16.8%244.8K-8.6M-22.8K0.4885.2531151,214746
2024-01-03$185.57$175.0030.1%8.6%34.3%6.1%30.7%1.8%16.0%239.0K-8.0M-22.6K2.1383.4816341,226746
2024-01-04$184.04$185.0029.8%13.3%33.7%5.7%47.6%0.8%-7.3%214.0K-7.3M-23.0K0.5460.3126141,236762
2024-01-05$185.25$185.0029.2%13.6%33.1%4.8%49.0%5.9%-7.5%207.4K-7.8M-21.8K0.1659.835081,229772
2024-01-08$188.25$185.0029.5%13.1%33.0%5.2%45.9%2.8%-2.9%258.0K-9.5M-20.1K1.0553.7221221,262775
2024-01-09$188.31$185.0030.7%14.0%33.0%6.9%46.6%2.9%-11.3%257.4K-9.9M-19.6K0.1257.772631,278787
2024-01-10$186.50$185.0049.1%14.1%32.0%33.7%47.3%2.8%-10.6%258.4K-9.0M-19.4K0.1657.7575121,293789
2024-01-11$187.94$185.0046.5%13.3%32.0%29.8%47.1%0.0%-8.0%269.6K-9.7M-18.7K0.1159.076371,308795
2024-01-12$188.09$185.0046.9%13.4%31.0%30.4%47.7%5.5%-6.5%257.7K-9.8M-17.8K2.5063.376151,316801
2024-01-16$187.47$185.0050.8%14.6%23.4%36.1%54.2%3.5%-9.8%258.1K-9.5M-16.6K40.7571.5441631,319811
2024-01-17$185.63$185.0050.8%14.6%23.6%36.2%51.8%5.3%-11.3%201.2K-8.5M-18.2K0.3860.4453201,323952
2024-01-18$190.40$185.0053.6%15.4%22.0%40.2%54.7%3.4%-12.2%183.6K-10.5M-17.0K0.6057.771591,342949
2024-01-19$202.15$180.0051.8%14.8%30.6%37.5%53.7%4.7%-11.0%414.2K-16.2M-15.0K0.0466.8618081,364953
2024-01-22$204.29$180.0054.6%15.7%30.0%41.7%54.6%4.1%-9.9%74.5K-4.6M-15.4K0.3062.314614420477
2024-01-23$203.30$180.0054.1%15.5%30.0%40.9%56.1%3.3%-10.2%81.1K-4.5M-15.8K1.4760.371522436487
2024-01-24$207.06$180.0056.6%16.2%30.5%44.5%57.8%2.4%-10.9%86.2K-5.0M-16.1K0.6571.13451291444490
2024-01-25$208.26$200.0057.1%16.4%29.9%45.3%58.5%0.0%-10.4%212.9K-6.6M-25.9K0.5762.835330856530
2024-01-26$208.29$200.0057.0%16.3%29.6%45.1%60.0%0.5%-13.3%221.1K-6.6M-26.1K0.8959.654641897551
2024-01-29$212.76$200.0061.8%17.7%30.1%52.1%67.3%1.0%-14.9%257.4K-7.7M-25.2K2.2663.291943918561
2024-01-30$219.15$200.0065.8%18.9%28.7%57.8%67.1%-5.8%-16.9%292.3K-9.5M-26.7K0.1368.839212926599
2024-01-31$215.43$200.0064.8%18.6%28.7%56.4%70.0%-2.5%-18.9%280.0K-8.7M-26.8K2.2174.071431951608