FSP Options History — September 2008

In September 2008, FSP traded between $11.25 and $13.49. ATM implied volatility averaged 49.1%. The 30-day expected move averaged 14.6%. IV traded below realized volatility by 29.4% (HV 20d: 78.5%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 1.24.

Notable Days

  • 2008-09-16: Highest Volume — 282 contracts
  • 2008-09-15: Largest IV spike — 81.3% change
  • 2008-09-15: Largest Expected Move — 23.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.80$11.25$13.49$12.89$13.00
Max Pain$12.88$12.50$15.00$12.50$12.50
ATM IV49.1%29.6%82.8%42.6%58.4%
Expected Move14.6%12.2%23.7%12.2%16.7%
HV 20d78.5%43.4%112.7%50.8%112.7%
HV 60d84.9%76.2%94.0%79.2%94.0%
Term Structure-1.9%-88.3%5.5%5.1%-2.8%
VWIV44.0%31.2%56.8%43.2%39.7%
Bid-Ask Spread %88.8568.23120.1068.2398.66
Gamma HHI0.580.510.650.550.58
Net GEX18.7K12.5K23.9K21.5K16.4K
Net DEX-455.3K-632.2K-182.1K-537.2K-401.3K
Net VEX-3.3K-3.6K-2.7K-3.6K-3.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.240.0010.000.000.00
Total Volume39.81028200
Total OI1,476.9051,3701,5581,5031,455

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-09-02$12.89$12.5042.6%12.2%50.8%0.0%0.0%0.0%5.1%21.5K-537.2K-3.6K0.0068.23N/AN/A001,262241
2008-09-03$13.05$12.5043.4%12.5%46.3%0.0%43.2%0.0%5.3%21.8K-589.7K-3.6K0.0071.02N/AN/A601,262241
2008-09-04$12.50$12.5043.1%12.4%48.1%0.0%0.0%0.0%3.5%21.0K-440.7K-3.4K0.0094.83N/AN/A0101,267241
2008-09-05$12.70$0.0041.0%13.1%45.8%0.0%0.0%0.0%2.3%22.3K-471.7K-3.4K0.0084.22N/AN/A0101,267251
2008-09-08$13.14$0.0036.5%13.5%43.4%0.0%0.0%0.0%1.4%23.1K-632.2K-3.6K0.0094.40N/AN/A001,267261
2008-09-09$12.36$0.0044.1%13.9%46.3%0.0%0.0%0.0%1.3%21.3K-373.1K-3.2K0.0082.37N/AN/A001,267261
2008-09-10$13.05$0.0029.6%12.9%49.5%0.0%0.0%0.0%3.1%23.9K-590.9K-3.4K2.0085.96N/AN/A10201,267261
2008-09-11$13.03$0.0046.8%13.4%49.3%0.0%0.0%0.0%2.7%22.9K-584.1K-3.5K0.0084.62N/AN/A001,267281
2008-09-12$13.10$0.0045.7%13.1%48.4%0.0%0.0%0.0%5.5%23.4K-613.8K-3.5K0.0087.04N/AN/A001,267281
2008-09-15$11.25$0.0082.8%23.7%72.1%0.0%0.0%0.0%-88.3%16.5K-468.6K-3.1K0.0086.57N/AN/A22001,267281
2008-09-16$13.04$0.0046.9%13.5%90.1%0.0%31.2%0.0%3.6%20.1K-610.0K-3.3K0.0088.00N/AN/A28201,197281
2008-09-17$12.00$15.0050.4%14.4%94.8%0.0%0.0%0.0%0.8%18.5K-253.1K-2.7K0.0085.51N/AN/A1001,154281
2008-09-18$13.15$15.0056.5%16.2%100.3%0.0%56.8%0.0%-3.2%19.5K-580.4K-3.1K10.0085.56N/AN/A131301,154281
2008-09-19$13.49$12.5051.2%14.7%100.7%0.0%49.0%0.0%1.8%14.5K-624.9K-3.4K0.3795.89N/AN/A1971,167391
2008-09-22$12.26$12.5052.3%15.0%105.3%0.0%39.7%0.0%2.1%12.5K-182.1K-2.9K0.0088.51N/AN/A2401,029341
2008-09-23$13.22$12.5052.5%15.1%107.1%0.0%0.0%0.0%3.8%14.9K-352.4K-3.2K0.0087.21N/AN/A001,040348
2008-09-24$12.75$12.5052.5%15.1%107.9%0.0%0.0%0.0%4.1%13.6K-303.4K-3.1K0.0089.30N/AN/A001,040348
2008-09-25$13.27$12.5051.7%14.8%108.9%0.0%0.0%0.0%0.6%14.9K-362.6K-3.2K0.0090.29N/AN/A2501,040348
2008-09-26$13.25$12.5050.6%14.5%108.9%0.0%0.0%0.0%5.4%16.2K-350.6K-3.2K0.0097.55N/AN/A5001,057348
2008-09-29$12.38$12.5052.8%15.1%111.4%0.0%0.0%0.0%1.8%14.7K-237.9K-3.0K0.00120.10N/AN/A001,107348
2008-09-30$13.00$12.5058.4%16.7%112.7%0.0%0.0%0.0%-2.8%16.4K-401.3K-3.2K0.0098.66N/AN/A001,107348