FSP Options History — May 2013

In May 2013, FSP traded between $13.62 and $14.85. ATM implied volatility averaged 19.9%, placing in the 4.2% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded below realized volatility by 6.5% (HV 20d: 26.4%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.03.

Notable Days

2013-05-10: Highest Volume — 199 contracts
2013-05-16: Largest IV drop — 60.6% change
2013-05-15: Highest IV Rank — 11.4%
2013-05-09: Largest Expected Move — 7.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$14.22	$13.62	$14.85	$14.72	$13.62
Max Pain	$13.41	$12.50	$15.00	$15.00	$12.50
ATM IV	19.9%	13.3%	33.8%	24.0%	21.6%
Expected Move	5.1%	3.4%	7.6%	6.9%	6.2%
HV 20d	26.4%	18.7%	31.5%	29.8%	18.7%
HV 60d	23.4%	21.9%	24.6%	23.8%	21.9%
IV Rank	4.2%	0.4%	11.4%	8.4%	4.9%
IV Percentile	12.8%	1.6%	23.8%	16.3%	18.7%
Term Structure	2.9%	-10.5%	11.9%	-10.5%	-2.7%
VWIV	25.1%	23.7%	26.5%	26.5%	23.7%
Skew 25d	10.2%	0.4%	97.0%	2.7%	22.8%
Skew 10d	7.7%	-24.0%	124.9%	1.4%	-0.3%
Call IV 25d	17.7%	11.9%	27.9%	27.9%	21.8%
Put IV 25d	27.9%	15.4%	116.4%	30.6%	44.6%
Bid-Ask Spread %	55.91	7.28	131.26	47.55	22.21
Gamma HHI	0.98	0.94	1.00	0.98	0.94
Net GEX	33.0K	14.5K	54.2K	52.2K	21.0K
Net DEX	-242.8K	-448.7K	-93.6K	-299.8K	-116.3K
Net VEX	-856	-1.2K	-508	-1.2K	-612
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.03	0.00	0.29	0.29	0.00
Total Volume	18.682	0	199	0	0
Total OI	678	557	784	557	760

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2013-05-01	$14.72	$15.00	24.0%	6.9%	29.8%	8.4%	0.0%	2.7%	-10.5%	52.2K	-299.8K	-1.2K	0.00	47.55	N/A	N/A	0	0	537	20
2013-05-02	$14.74	$15.00	16.6%	4.7%	28.8%	4.5%	0.0%	4.3%	2.2%	54.2K	-307.0K	-1.2K	0.00	48.07	N/A	N/A	0	0	537	20
2013-05-03	$14.85	$15.00	16.8%	4.8%	28.8%	4.7%	0.0%	9.9%	5.3%	45.7K	-368.5K	-1.2K	0.00	117.00	N/A	N/A	0	0	537	20
2013-05-06	$14.77	$15.00	16.9%	4.7%	28.6%	2.3%	0.0%	1.8%	3.0%	52.3K	-343.1K	-1.2K	0.00	110.83	N/A	N/A	0	0	537	20
2013-05-07	$14.47	$15.00	17.9%	5.5%	29.4%	2.8%	0.0%	97.0%	0.5%	40.1K	-221.8K	-986	0.00	111.65	N/A	N/A	0	0	537	20
2013-05-08	$14.58	$15.00	17.1%	4.3%	29.1%	2.4%	0.0%	2.5%	3.4%	49.9K	-251.2K	-1.0K	0.00	47.01	N/A	N/A	0	0	537	20
2013-05-09	$14.56	$15.00	19.3%	7.6%	29.1%	3.6%	26.5%	5.2%	3.4%	30.7K	-306.6K	-1.1K	0.29	131.26	N/A	N/A	14	4	537	20
2013-05-10	$14.05	$15.00	23.6%	4.2%	31.5%	5.9%	23.7%	3.6%	2.7%	27.9K	-96.6K	-645	0.01	63.55	N/A	N/A	197	2	547	24
2013-05-13	$14.06	$12.50	30.1%	3.4%	27.6%	9.4%	0.0%	4.3%	8.7%	26.5K	-289.1K	-610	0.00	43.75	N/A	N/A	20	0	731	26
2013-05-14	$14.19	$12.50	32.2%	5.4%	25.6%	10.5%	0.0%	8.6%	11.9%	30.6K	-427.7K	-1.0K	0.00	12.68	N/A	N/A	6	0	721	26
2013-05-15	$14.18	$12.50	33.8%	5.2%	25.6%	11.4%	0.0%	11.0%	10.3%	31.8K	-411.4K	-956	0.00	37.67	N/A	N/A	17	0	725	26
2013-05-16	$14.07	$12.50	13.3%	3.8%	25.6%	0.4%	0.0%	4.4%	8.8%	29.0K	-341.1K	-670	0.00	32.02	N/A	N/A	0	0	758	26
2013-05-17	$14.29	$12.50	19.2%	5.5%	26.2%	3.5%	0.0%	9.5%	8.9%	34.0K	-448.7K	-1.0K	0.00	69.64	N/A	N/A	40	0	738	26
2013-05-20	$14.15	$12.50	20.8%	6.0%	26.3%	4.4%	0.0%	0.4%	-4.1%	34.9K	-223.4K	-935	0.00	108.72	N/A	N/A	0	7	661	26
2013-05-21	$14.18	$12.50	13.4%	3.8%	25.6%	0.4%	0.0%	11.2%	7.7%	32.9K	-160.5K	-759	0.00	99.77	N/A	N/A	50	0	661	33
2013-05-22	$13.94	$12.50	16.9%	4.8%	26.1%	2.3%	0.0%	7.6%	-0.6%	27.3K	-148.0K	-774	0.00	39.02	N/A	N/A	0	0	711	33
2013-05-23	$14.00	$12.50	15.9%	4.6%	26.2%	1.7%	0.0%	8.5%	-2.0%	28.3K	-149.4K	-775	0.00	35.10	N/A	N/A	4	0	711	33
2013-05-24	$13.93	$12.50	15.4%	4.4%	26.1%	1.5%	0.0%	0.5%	-0.8%	21.6K	-114.3K	-588	0.00	29.23	N/A	N/A	0	0	714	33
2013-05-28	$13.98	$12.50	16.1%	4.6%	25.9%	1.9%	0.0%	4.5%	10.6%	23.6K	-126.4K	-612	0.00	7.28	N/A	N/A	50	0	714	33
2013-05-29	$13.78	$12.50	17.3%	5.0%	22.2%	2.5%	0.0%	1.3%	-3.5%	16.5K	-96.2K	-508	0.00	7.75	N/A	N/A	0	0	727	33
2013-05-30	$13.69	$12.50	19.9%	5.7%	18.8%	3.9%	0.0%	2.9%	1.1%	14.5K	-93.6K	-517	0.00	8.37	N/A	N/A	0	0	727	33
2013-05-31	$13.62	$12.50	21.6%	6.2%	18.7%	4.9%	0.0%	22.8%	-2.7%	21.0K	-116.3K	-612	0.00	22.21	N/A	N/A	0	0	727	33