FSP Options History — September 2011

In September 2011, FSP traded between $11.27 and $12.58. ATM implied volatility averaged 35.2%, placing in the 47.2% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded below realized volatility by 15.6% (HV 20d: 50.8%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days.

Notable Days

  • 2011-09-14: Highest Volume — 5 contracts
  • 2011-09-09: Largest IV drop — 27.4% change
  • 2011-09-08: Highest IV Rank — 72.6%
  • 2011-09-08: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$11.92$11.27$12.58$12.43$11.31
Max Pain$12.50$12.50$12.50$12.50$12.50
ATM IV35.2%28.6%45.9%37.0%33.7%
Expected Move9.8%8.2%11.0%10.6%9.7%
HV 20d50.8%40.2%79.6%78.4%41.2%
HV 60d52.0%50.6%53.3%50.6%53.3%
IV Rank47.2%31.5%72.6%51.5%43.7%
IV Percentile75.6%39.3%96.8%92.9%75.8%
Term Structure-0.9%-6.6%7.9%-2.9%-6.6%
Skew 25d2.1%-4.0%8.3%4.7%1.5%
Skew 10d1.3%-4.2%7.8%7.8%-1.0%
Call IV 25d34.8%28.6%44.4%42.1%35.1%
Put IV 25d36.9%33.3%46.8%46.8%36.6%
Bid-Ask Spread %106.64103.08110.82105.92110.49
Gamma HHI0.760.510.990.510.99
Net GEX1.7K3773.5K2.6K377
Net DEX10.9K-8.8K42.7K4.1K-1.5K
Net VEX-123-229-55-229-55
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.2380500
Total OI180.9527228028072

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-09-01$12.43$12.5037.0%10.6%78.4%51.5%0.0%4.7%-2.9%2.6K4.1K-2290.00105.92N/AN/A0021664
2011-09-02$11.96$12.5034.8%10.0%79.6%46.1%0.0%0.3%-5.0%2.2K20.5K-2030.00106.16N/AN/A0021664
2011-09-06$11.90$0.0036.1%10.1%69.7%49.4%0.0%-0.8%0.3%2.0K35.2K-1620.00105.86N/AN/A0021664
2011-09-07$12.58$0.0043.4%10.6%56.7%66.6%0.0%4.9%-1.9%2.8K468-2130.00104.32N/AN/A0021664
2011-09-08$12.39$0.0045.9%11.0%55.4%72.6%0.0%2.9%-2.5%2.6K9.7K-1950.00103.14N/AN/A0021664
2011-09-09$11.99$0.0033.4%10.5%53.9%42.8%0.0%-1.5%-2.1%2.3K40.8K-1480.00103.33N/AN/A0021664
2011-09-12$12.04$0.0035.7%10.0%52.7%48.3%0.0%0.4%-1.4%2.5K42.7K-1330.00104.43N/AN/A0021664
2011-09-13$12.15$0.0044.5%10.5%48.6%69.2%0.0%0.1%-1.5%2.4K26.2K-1510.00104.75N/AN/A0021664
2011-09-14$12.26$0.0041.8%10.6%48.7%62.9%0.0%1.5%-1.1%3.5K26.5K-1500.00103.08N/AN/A0521664
2011-09-15$12.20$0.0037.3%10.7%48.7%52.2%0.0%1.0%-2.7%3.2K33.8K-1350.00104.16N/AN/A0021664
2011-09-16$12.26$0.0034.3%9.8%44.3%45.1%0.0%1.2%-0.7%3.5K30.9K-1180.00105.24N/AN/A0021664
2011-09-19$12.07$0.0035.3%10.1%44.0%47.4%0.0%0.9%0.7%787-8.2K-1020.00104.93N/AN/A00675
2011-09-20$12.10$0.0035.4%10.2%43.9%47.7%0.0%0.9%1.0%811-8.8K-1010.00103.69N/AN/A00675
2011-09-21$11.60$0.0034.1%9.8%44.0%44.5%0.0%-4.0%-3.5%543-4.1K-790.00108.37N/AN/A00675
2011-09-22$11.27$0.0029.7%8.5%44.4%34.0%0.0%2.2%7.9%454-2.9K-690.00110.08N/AN/A00675
2011-09-23$11.32$0.0030.6%8.8%43.5%36.2%0.0%3.9%-3.9%452-2.8K-640.00110.04N/AN/A00675
2011-09-26$11.59$0.0028.8%8.2%44.1%31.9%0.0%7.2%6.5%523-3.8K-750.00110.14N/AN/A00675
2011-09-27$11.83$0.0028.6%8.2%40.2%31.5%0.0%8.3%7.9%600-4.9K-770.00110.70N/AN/A00675
2011-09-28$11.35$0.0030.2%8.7%42.2%35.2%0.0%1.3%-3.8%440-2.4K-630.00109.83N/AN/A00675
2011-09-29$11.65$0.0028.7%8.2%43.2%31.7%0.0%7.9%-2.9%513-3.5K-690.00110.82N/AN/A00675
2011-09-30$11.31$0.0033.7%9.7%41.2%43.7%0.0%1.5%-6.6%377-1.5K-550.00110.49N/AN/A00675