FSP Options History — June 2013

In June 2013, FSP traded between $12.57 and $13.90. ATM implied volatility averaged 31.4%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 9.6% (HV 20d: 21.8%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2013-06-18: Highest Volume — 111 contracts
2013-06-10: Largest IV spike — 314.8% change
2013-06-10: Highest IV Rank — 55.3%
2013-06-10: Largest Expected Move — 12.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.33	$12.57	$13.90	$13.74	$13.20
Max Pain	$14.50	$12.50	$15.00	$12.50	$15.00
ATM IV	31.4%	17.4%	115.5%	29.4%	17.4%
Expected Move	7.4%	4.7%	12.4%	8.4%	5.0%
HV 20d	21.8%	15.9%	29.3%	18.8%	29.3%
HV 60d	23.8%	21.9%	26.2%	21.9%	25.7%
IV Rank	10.1%	2.6%	55.3%	9.0%	2.6%
IV Percentile	27.0%	13.5%	63.9%	26.2%	13.5%
Term Structure	-1.9%	-14.4%	9.4%	-14.4%	8.7%
Skew 25d	7.5%	-4.5%	74.7%	1.4%	-0.9%
Skew 10d	21.7%	-5.2%	125.8%	2.0%	-2.6%
Call IV 25d	21.7%	13.3%	29.0%	24.5%	18.8%
Put IV 25d	29.3%	15.4%	100.6%	25.9%	17.9%
Bid-Ask Spread %	34.91	9.50	142.73	14.51	9.50
Gamma HHI	0.85	0.52	1.00	0.96	0.92
Net GEX	11.1K	2.8K	27.3K	23.5K	4.7K
Net DEX	-86.2K	-393.1K	-8.2K	-138.2K	-47.1K
Net VEX	-485	-1.0K	-299	-668	-563
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	6.1	0	111	0	0
Total OI	663.55	301	871	760	312

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2013-06-03	$13.74	$12.50	29.4%	8.4%	18.8%	9.0%	0.0%	1.4%	-14.4%	23.5K	-138.2K	-668	14.51	N/A	N/A	0	727	33
2013-06-04	$13.64	$12.50	28.6%	8.2%	18.8%	8.6%	0.0%	-0.5%	-12.6%	19.9K	-120.0K	-585	15.59	N/A	N/A	0	727	33
2013-06-05	$13.58	$12.50	26.4%	7.6%	17.8%	7.4%	0.0%	-4.0%	-12.7%	14.7K	-88.1K	-464	12.77	N/A	N/A	0	727	33
2013-06-06	$13.90	$12.50	33.2%	9.5%	19.8%	11.0%	0.0%	3.2%	-13.4%	27.3K	-144.1K	-632	32.67	N/A	N/A	0	727	33
2013-06-07	$13.78	$15.00	27.9%	4.7%	19.9%	8.2%	0.0%	2.1%	7.3%	15.3K	-89.6K	-428	10.75	N/A	N/A	0	727	33
2013-06-10	$13.87	$15.00	115.5%	12.4%	15.9%	55.3%	0.0%	-2.0%	0.9%	17.6K	-393.1K	-1.0K	142.73	N/A	N/A	0	727	33
2013-06-11	$13.62	$15.00	33.8%	6.2%	17.1%	11.3%	0.0%	12.0%	-0.9%	16.1K	-101.3K	-463	54.33	N/A	N/A	0	727	33
2013-06-12	$13.31	$15.00	33.8%	6.0%	18.2%	11.4%	0.0%	-3.7%	0.8%	8.4K	-59.8K	-332	34.89	N/A	N/A	0	727	33
2013-06-13	$13.53	$15.00	27.7%	7.9%	19.5%	8.1%	0.0%	10.4%	-2.7%	8.5K	-65.5K	-333	30.16	N/A	N/A	0	727	33
2013-06-14	$13.49	$15.00	19.3%	5.5%	19.4%	3.6%	0.0%	1.3%	3.2%	8.6K	-65.2K	-322	30.56	N/A	N/A	0	727	33
2013-06-17	$13.45	$15.00	20.4%	5.8%	18.2%	4.2%	0.0%	-2.3%	-0.2%	6.4K	-62.5K	-299	15.64	N/A	N/A	0	727	33
2013-06-18	$13.54	$15.00	21.9%	6.3%	18.3%	5.0%	0.0%	1.5%	1.1%	11.6K	-77.4K	-347	38.51	N/A	N/A	111	727	33
2013-06-19	$13.07	$15.00	23.1%	6.6%	21.7%	5.6%	0.0%	-4.5%	-1.4%	7.1K	-79.8K	-553	50.59	N/A	N/A	0	838	33
2013-06-20	$12.59	$15.00	26.8%	7.7%	24.3%	7.6%	0.0%	74.7%	-7.9%	9.8K	-38.5K	-433	51.44	N/A	N/A	0	838	33
2013-06-21	$12.87	$15.00	24.0%	6.9%	26.0%	6.1%	0.0%	40.4%	4.4%	6.5K	-56.4K	-421	32.50	N/A	N/A	0	838	33
2013-06-24	$12.57	$15.00	30.6%	8.8%	26.9%	9.7%	0.0%	5.8%	-0.3%	2.8K	-8.2K	-367	51.89	N/A	N/A	0	272	29
2013-06-25	$12.74	$15.00	32.4%	9.3%	27.5%	10.6%	0.0%	3.6%	-4.3%	2.9K	-10.1K	-396	26.78	N/A	N/A	11	272	29
2013-06-26	$12.96	$15.00	32.2%	9.2%	28.3%	10.5%	0.0%	8.2%	-2.4%	4.7K	-38.0K	-521	23.35	N/A	N/A	0	283	29
2013-06-27	$13.21	$15.00	23.4%	6.7%	29.3%	5.8%	0.0%	4.5%	9.4%	5.1K	-41.5K	-543	19.12	N/A	N/A	0	283	29
2013-06-28	$13.20	$15.00	17.4%	5.0%	29.3%	2.6%	0.0%	-0.9%	8.7%	4.7K	-47.1K	-563	9.50	N/A	N/A	0	283	29