FSP Options History — December 2013

In December 2013, FSP traded between $11.76 and $12.53. ATM implied volatility averaged 44.9%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 23.2% (HV 20d: 21.7%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2013-12-23: Highest Volume — 8 contracts
2013-12-17: Largest IV spike — 289.8% change
2013-12-18: Highest IV Rank — 90.3%
2013-12-18: Largest Expected Move — 51.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.10	$11.76	$12.53	$12.53	$11.95
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	44.9%	19.6%	178.1%	27.1%	21.9%
Expected Move	12.9%	5.6%	51.1%	7.8%	6.3%
HV 20d	21.7%	17.0%	26.2%	17.8%	24.3%
HV 60d	19.8%	18.3%	21.1%	19.8%	20.7%
IV Rank	17.6%	3.8%	90.3%	7.9%	5.1%
IV Percentile	56.9%	24.6%	97.2%	62.3%	35.3%
Term Structure	29.3%	-80.6%	123.5%	-5.0%	4.4%
VWIV	19.4%	19.4%	19.4%	19.4%	19.4%
Skew 25d	4.8%	-89.8%	83.6%	5.2%	7.7%
Skew 10d	5.7%	-33.6%	123.2%	10.8%	3.1%
Call IV 25d	48.3%	17.2%	143.8%	33.4%	22.9%
Put IV 25d	53.2%	26.3%	142.5%	38.6%	30.5%
Bid-Ask Spread %	116.67	27.89	146.69	130.86	28.04
Gamma HHI	0.99	0.92	1.00	0.92	1.00
Net GEX	-3.4K	-7.7K	-240	-5.1K	-513
Net DEX	54.2K	2.5K	94.8K	43.8K	9.1K
Net VEX	-128	-191	-83	-191	-102
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	0.905	0	8	0	0
Total OI	223.476	41	298	293	49

Daily Data (21 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	Put Vol	Call OI	Put OI
2013-12-02	$12.53	$12.50	27.1%	7.8%	17.8%	7.9%	0.0%	5.2%	-5.0%	-5.1K	43.8K	-191	130.86	N/A	N/A	0	0	196	97
2013-12-03	$12.40	$12.50	24.6%	7.1%	17.0%	6.5%	0.0%	5.1%	0.7%	-5.7K	49.2K	-182	133.80	N/A	N/A	0	0	196	97
2013-12-04	$12.19	$12.50	20.3%	5.8%	17.5%	4.2%	0.0%	15.8%	50.0%	-5.8K	66.9K	-166	136.23	N/A	N/A	0	0	196	97
2013-12-05	$12.09	$12.50	20.4%	5.8%	17.4%	4.2%	0.0%	15.4%	6.5%	-5.4K	73.0K	-154	135.85	N/A	N/A	0	0	196	97
2013-12-06	$12.19	$12.50	21.6%	9.3%	18.0%	4.9%	0.0%	-13.4%	54.4%	-6.0K	67.6K	-161	140.47	N/A	N/A	0	0	196	97
2013-12-09	$12.40	$12.50	22.5%	6.7%	19.2%	5.4%	0.0%	83.6%	76.7%	-7.7K	56.5K	-163	110.28	N/A	N/A	0	6	196	97
2013-12-10	$12.15	$12.50	23.5%	6.0%	19.2%	5.9%	0.0%	12.6%	83.5%	-6.2K	71.3K	-146	122.78	N/A	N/A	0	0	196	97
2013-12-11	$11.83	$12.50	31.3%	6.4%	20.7%	10.2%	19.4%	2.0%	12.2%	-3.5K	81.4K	-126	125.90	N/A	N/A	0	5	196	97
2013-12-12	$11.76	$12.50	34.4%	9.9%	20.4%	11.9%	0.0%	12.4%	81.3%	-3.2K	77.6K	-137	121.69	N/A	N/A	0	0	196	102
2013-12-13	$11.83	$12.50	21.1%	6.1%	20.3%	4.6%	0.0%	12.7%	89.6%	-3.5K	76.5K	-135	138.61	N/A	N/A	0	0	196	102
2013-12-16	$11.86	$12.50	26.7%	7.6%	20.4%	7.7%	0.0%	14.0%	88.1%	-3.9K	80.1K	-125	120.09	N/A	N/A	0	0	196	102
2013-12-17	$11.94	$12.50	103.9%	29.8%	20.8%	49.8%	0.0%	-15.0%	-78.0%	-1.4K	93.9K	-100	130.20	N/A	N/A	0	0	196	102
2013-12-18	$12.21	$12.50	178.1%	51.1%	22.5%	90.3%	0.0%	3.5%	-80.6%	-7.5K	84.4K	-115	138.57	N/A	N/A	0	0	196	102
2013-12-19	$11.90	$12.50	82.4%	23.6%	24.0%	38.1%	0.0%	-19.6%	-35.9%	-240	94.8K	-94	138.48	N/A	N/A	0	0	196	102
2013-12-20	$12.26	$12.50	78.7%	22.6%	26.0%	36.1%	0.0%	34.0%	-8.6%	-3.3K	69.9K	-93	146.69	N/A	N/A	0	0	196	79
2013-12-23	$12.11	$12.50	32.9%	9.4%	25.6%	11.0%	0.0%	-16.0%	91.6%	-345	11.8K	-89	127.72	N/A	N/A	8	0	14	27
2013-12-24	$12.24	$12.50	102.4%	29.3%	26.1%	48.9%	0.0%	-89.8%	-57.9%	-618	7.2K	-111	137.57	N/A	N/A	0	0	22	27
2013-12-26	$12.15	$12.50	25.0%	7.2%	26.2%	6.7%	0.0%	7.8%	114.5%	-924	2.5K	-107	130.21	N/A	N/A	0	0	22	27
2013-12-27	$12.06	$12.50	23.8%	6.8%	25.8%	6.1%	0.0%	11.3%	123.5%	-541	4.3K	-109	27.89	N/A	N/A	0	0	22	27
2013-12-30	$12.05	$12.50	19.6%	5.6%	25.7%	3.8%	0.0%	12.5%	4.5%	-703	16.1K	-83	28.22	N/A	N/A	0	0	22	27
2013-12-31	$11.95	$12.50	21.9%	6.3%	24.3%	5.1%	0.0%	7.7%	4.4%	-513	9.1K	-102	28.04	N/A	N/A	0	0	22	27