FN Options History — May 2024

In May 2024, FN traded between $173.36 and $246.97. ATM implied volatility averaged 45.2%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded below realized volatility by 1.2% (HV 20d: 46.4%). Max pain ranged from $170.00 to $230.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.02.

Notable Days

  • 2024-05-06: Highest Volume — 1,966 contracts
  • 2024-05-07: Largest IV drop — 59.1% change
  • 2024-05-06: Highest IV Rank — 100.0%
  • 2024-05-03: Largest Expected Move — 23.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$222.11$173.36$246.97$173.36$237.22
Max Pain$206.14$170.00$230.00$170.00$230.00
ATM IV45.2%33.6%109.2%73.6%36.9%
Expected Move12.1%9.6%23.2%21.1%10.6%
HV 20d46.4%35.9%56.1%36.1%50.0%
HV 60d49.3%46.4%64.3%64.3%46.9%
IV Rank24.9%9.3%100.0%69.2%13.1%
IV Percentile58.1%35.7%100.0%98.8%50.8%
Term Structure-3.2%-26.4%1.9%-23.7%-0.8%
VWIV42.6%30.8%78.3%78.3%36.7%
Skew 25d0.8%-2.7%6.0%-0.3%1.9%
Skew 10d1.1%-16.0%12.0%2.3%6.1%
Call IV 25d43.0%33.9%78.5%78.5%37.4%
Put IV 25d43.8%35.2%79.9%78.3%39.3%
Bid-Ask Spread %77.8961.3188.2468.0087.97
Gamma HHI0.270.100.450.100.37
Net GEX403.7K97.5K1.1M102.0K480.4K
Net DEX-21.4M-39.0M-3.0M-3.1M-14.5M
Net VEX-45.4K-58.8K-34.6K-40.0K-56.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.020.025.404.890.30
Total Volume365.227291,96653117
Total OI3,741.4091,6335,6763,0292,389

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$173.36$170.0073.6%21.1%36.1%69.2%78.3%-0.3%-23.7%102.0K-3.1M-40.0K4.8968.009442,170859
2024-05-02$173.82$170.0072.2%20.7%35.9%67.2%71.9%6.0%-21.3%97.5K-3.0M-39.0K0.0865.793832,176889
2024-05-03$179.68$170.0081.1%23.2%38.1%80.0%77.3%-0.8%-26.4%122.8K-5.4M-39.4K0.1176.17697802,185891
2024-05-06$189.86$170.00109.2%17.4%43.1%100.0%62.7%-2.7%-8.7%411.9K-14.1M-49.3K2.0461.316461,3202,853865
2024-05-07$210.13$175.0044.6%11.4%56.1%22.5%40.2%2.1%0.1%1.1M-34.3M-46.7K0.5574.498654733,5172,096
2024-05-08$210.46$210.0039.2%11.1%49.6%16.0%38.9%0.5%0.7%566.2K-24.8M-46.6K0.3769.163861413,0682,385
2024-05-09$218.20$200.0036.5%10.5%50.5%12.7%36.8%0.9%-0.2%577.2K-30.2M-41.0K0.8071.7897783,0612,370
2024-05-10$222.89$200.0035.9%10.2%48.8%11.9%36.4%1.4%0.6%488.9K-33.1M-39.1K0.6474.0466423,0752,412
2024-05-13$219.45$200.0041.2%10.2%49.3%18.4%36.0%1.3%1.3%575.8K-31.3M-38.7K0.4972.9478383,0932,424
2024-05-14$231.06$210.0039.9%10.3%51.2%16.8%35.9%-0.2%-0.5%368.8K-37.6M-34.6K0.2175.51191403,1002,444
2024-05-15$236.16$210.0035.1%10.1%47.5%11.0%34.1%0.8%1.4%286.8K-39.0M-36.3K1.6777.46821373,1052,456
2024-05-16$235.34$220.0034.8%10.0%47.2%10.7%30.8%0.8%1.9%223.3K-37.4M-39.4K5.4078.8515813,1152,552
2024-05-17$229.76$210.0034.1%9.8%46.1%9.8%37.4%1.2%1.1%144.0K-35.4M-40.6K0.0282.3729753,1152,561
2024-05-20$231.78$210.0034.0%9.7%46.1%9.6%34.2%0.9%0.4%268.2K-10.7M-41.3K0.4380.906729940693
2024-05-21$231.14$210.0033.8%9.7%46.5%9.4%33.8%1.4%0.8%317.8K-11.2M-43.1K0.7083.1412587993689
2024-05-22$234.46$220.0036.1%10.3%46.3%12.2%36.1%0.4%-0.3%333.0K-12.6M-46.3K1.1183.042803121,078765
2024-05-23$241.20$230.0035.6%10.2%46.5%11.6%35.1%0.1%1.0%368.0K-16.7M-58.8K1.5587.542854421,3361,080
2024-05-24$246.97$230.0033.6%9.6%46.5%9.3%34.0%0.9%1.5%495.6K-20.1M-55.3K0.4581.6875341,390947
2024-05-28$244.49$230.0036.0%10.3%47.4%12.1%36.6%-0.8%0.4%561.1K-19.2M-55.9K0.0585.527841,424965
2024-05-29$242.47$230.0035.8%10.3%46.9%11.8%36.2%1.8%0.9%529.7K-17.9M-57.9K0.2388.2499231,449967
2024-05-30$246.43$230.0036.1%10.4%46.1%12.2%37.7%0.1%-0.3%503.4K-19.6M-52.9K0.3887.722181,389980
2024-05-31$237.22$230.0036.9%10.6%50.0%13.1%36.7%1.9%-0.8%480.4K-14.5M-56.1K0.3087.9790271,404985