FN Options History — February 2024

In February 2024, FN traded between $180.69 and $223.39. ATM implied volatility averaged 44.6%, placing in the 27.1% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded below realized volatility by 36.1% (HV 20d: 80.7%). Max pain ranged from $170.00 to $200.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.67.

Notable Days

  • 2024-02-06: Highest Volume — 2,464 contracts
  • 2024-02-06: Largest IV drop — 50.0% change
  • 2024-02-05: Highest IV Rank — 87.0%
  • 2024-02-05: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$201.88$180.69$223.39$221.85$216.78
Max Pain$181.25$170.00$200.00$200.00$185.00
ATM IV44.6%34.8%85.9%71.0%43.3%
Expected Move11.7%10.0%16.0%14.7%12.4%
HV 20d80.7%28.1%96.2%28.8%96.2%
HV 60d53.2%30.7%60.3%33.1%60.3%
IV Rank27.1%12.9%87.0%65.4%25.1%
IV Percentile72.1%59.1%99.6%99.2%73.4%
Term Structure-2.5%-10.0%0.6%-8.0%-3.8%
VWIV41.2%34.0%58.0%51.7%39.9%
Skew 25d0.9%-2.3%2.9%1.1%0.2%
Skew 10d3.7%-3.0%21.5%-0.3%-3.0%
Call IV 25d41.2%34.4%55.6%52.5%40.6%
Put IV 25d42.1%35.7%57.9%53.6%40.8%
Bid-Ask Spread %76.8159.0589.0659.0585.84
Gamma HHI0.200.100.280.260.25
Net GEX310.3K-135.3K480.1K301.9K480.1K
Net DEX-9.5M-15.4M5.5M-10.3M-15.4M
Net VEX-34.8K-41.4K-18.3K-27.5K-41.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.024.640.070.18
Total Volume400.3432,46443186
Total OI2,525.71,5903,6011,5902,247

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$221.85$200.0071.0%14.7%28.8%65.4%51.7%1.1%-8.0%301.9K-10.3M-27.5K0.0759.05403958632
2024-02-02$223.39$200.0076.0%15.6%28.1%72.6%58.0%2.9%-10.0%292.3K-10.7M-28.5K0.3759.2924690970634
2024-02-05$222.49$200.0085.9%16.0%28.5%87.0%55.3%2.3%-9.7%330.6K-10.9M-30.7K0.3465.087142451,155752
2024-02-06$180.69$200.0043.0%10.4%82.1%24.7%37.0%2.9%-2.6%-135.3K5.5M-18.3K0.4372.211,7207441,643963
2024-02-07$191.56$170.0034.9%10.0%84.8%13.1%35.8%1.8%-0.3%265.4K-8.3M-28.4K0.2573.885931492,299904
2024-02-08$197.13$170.0034.8%10.0%85.3%12.9%34.0%0.4%0.0%257.1K-9.7M-29.4K0.1689.06346572,257953
2024-02-09$204.67$175.0036.9%10.6%86.2%15.9%37.2%0.3%-0.4%368.7K-12.9M-32.2K0.2577.80359912,255950
2024-02-12$204.66$170.0038.2%11.0%86.2%17.8%38.0%1.3%-0.9%376.8K-13.5M-37.0K0.4476.74142632,351955
2024-02-13$193.91$175.0037.6%10.8%88.6%16.9%39.4%-0.4%-0.1%272.5K-8.1M-38.5K0.3274.82135432,377966
2024-02-14$202.36$175.0037.2%10.7%89.6%16.4%36.6%1.6%-0.6%318.8K-12.9M-38.3K0.0279.9932782,389962
2024-02-15$201.07$175.0037.1%10.7%89.4%16.3%40.4%1.0%-1.5%450.5K-14.1M-40.7K0.1379.08149192,639962
2024-02-16$197.53$175.0039.1%11.2%87.0%19.1%40.5%0.9%-1.4%424.8K-12.0M-40.8K0.0876.107562,625966
2024-02-20$184.16$175.0038.8%11.1%90.2%18.7%39.9%0.9%-1.7%213.9K-4.3M-33.5K3.1877.73451431,274500
2024-02-21$187.29$180.0039.8%11.4%90.5%20.2%40.1%-2.3%0.6%218.1K-5.1M-37.0K0.5577.1175411,283605
2024-02-22$201.84$180.0039.5%11.3%94.5%19.7%38.4%0.3%-1.9%401.9K-10.1M-40.5K0.0884.18305251,330639
2024-02-23$198.61$180.0040.3%11.6%94.6%20.9%41.3%2.0%-2.1%314.4K-8.2M-39.3K0.3884.7969261,277634
2024-02-26$200.56$180.0039.4%11.3%94.7%19.6%40.4%-0.1%-0.5%337.7K-8.9M-38.1K4.6480.89502321,285658
2024-02-27$202.86$180.0039.2%11.2%94.5%19.3%40.9%0.9%-2.7%361.5K-9.4M-37.8K1.3881.84871201,274887
2024-02-28$204.24$180.0039.4%11.3%93.8%19.6%40.1%-0.2%-1.5%353.2K-10.0M-37.6K0.2180.83197411,213891
2024-02-29$216.78$185.0043.3%12.4%96.2%25.1%39.9%0.2%-3.8%480.1K-15.4M-41.4K0.1885.84157291,329918