FSP Options History — February 2014

In February 2014, FSP traded between $11.75 and $12.52. ATM implied volatility averaged 70.8%, placing in the 33.3% IV rank vs the trailing year. The 30-day expected move averaged 18.8%. IV traded above realized volatility by 56.4% (HV 20d: 14.4%). Max pain ranged from $12.50 to $12.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.02.

Notable Days

2014-02-24: Highest Volume — 104 contracts
2014-02-12: Largest IV spike — 333.0% change
2014-02-19: Highest IV Rank — 98.8%
2014-02-19: Largest Expected Move — 53.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.06	$11.75	$12.52	$11.79	$12.52
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	70.8%	23.5%	185.3%	106.3%	121.6%
Expected Move	18.8%	5.8%	53.1%	30.5%	34.9%
HV 20d	14.4%	13.6%	15.0%	15.0%	14.9%
HV 60d	18.7%	18.1%	19.1%	19.0%	18.1%
IV Rank	33.3%	6.2%	98.8%	53.6%	62.4%
IV Percentile	79.1%	43.7%	99.6%	92.1%	96.4%
Term Structure	5.5%	-90.7%	80.4%	-12.7%	80.4%
VWIV	67.5%	23.0%	183.3%	106.3%	183.3%
Skew 25d	20.2%	-26.2%	101.3%	7.6%	0.8%
Skew 10d	15.4%	-80.7%	110.3%	2.5%	-80.7%
Call IV 25d	50.9%	20.1%	168.3%	51.7%	128.7%
Put IV 25d	71.1%	23.1%	185.8%	59.3%	129.5%
Bid-Ask Spread %	90.07	26.54	148.27	148.27	145.27
Gamma HHI	0.87	0.50	0.97	0.90	0.97
Net GEX	2.8K	319	4.8K	2.2K	2.4K
Net DEX	-22.8K	-87.4K	26.4K	-51.1K	-87.4K
Net VEX	-192	-378	-98	-189	-348
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.02	0.00	0.04	0.00	0.04
Total Volume	11.105	0	104	10	0
Total OI	148.579	55	163	123	155

Daily Data (19 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
2014-02-03	$11.79	$12.50	106.3%	30.5%	15.0%	53.6%	106.3%	7.6%	-12.7%	2.2K	-51.1K	-189	0.00	148.27	N/A	N/A	0	10	107	16
2014-02-04	$11.83	$12.50	23.5%	6.7%	14.2%	6.2%	23.0%	4.8%	-4.2%	4.0K	-10.1K	-149	0.00	28.66	N/A	N/A	0	10	107	26
2014-02-05	$11.76	$12.50	40.2%	11.5%	14.0%	15.8%	23.7%	-26.2%	-37.5%	2.9K	-9.8K	-167	0.00	28.76	N/A	N/A	0	20	107	36
2014-02-06	$11.81	$12.50	26.1%	7.5%	14.1%	7.7%	23.5%	1.8%	-8.1%	2.3K	20.1K	-169	0.00	26.98	N/A	N/A	0	20	107	56
2014-02-07	$11.75	$12.50	26.3%	5.9%	14.1%	7.8%	0.0%	2.8%	13.5%	2.3K	26.4K	-114	0.00	32.64	N/A	N/A	0	0	107	56
2014-02-10	$11.84	$12.50	27.2%	7.1%	13.6%	8.4%	0.0%	-1.7%	50.2%	2.5K	14.2K	-149	0.00	26.54	N/A	N/A	0	0	107	56
2014-02-11	$12.03	$12.50	25.0%	5.8%	14.4%	7.1%	0.0%	3.0%	73.1%	3.1K	-2.8K	-163	0.00	32.38	N/A	N/A	0	0	107	56
2014-02-12	$12.05	$12.50	108.1%	6.8%	14.4%	54.6%	0.0%	-1.1%	0.2%	1.6K	-24.4K	-186	0.00	30.24	N/A	N/A	0	0	107	56
2014-02-13	$12.12	$12.50	93.1%	26.7%	14.3%	46.1%	0.0%	48.3%	67.4%	1.7K	-26.7K	-194	0.00	34.93	N/A	N/A	0	40	107	56
2014-02-14	$12.00	$12.50	86.9%	24.9%	14.7%	42.5%	0.0%	24.3%	72.0%	3.2K	4.1K	-149	0.00	39.63	N/A	N/A	0	0	107	46
2014-02-18	$12.10	$12.50	102.3%	29.3%	14.9%	51.3%	45.3%	46.5%	-18.9%	3.3K	-12.9K	-136	0.00	142.32	N/A	N/A	7	0	107	46
2014-02-19	$12.10	$12.50	185.3%	53.1%	14.6%	98.8%	0.0%	-18.7%	-90.7%	2.2K	8.9K	-116	0.00	145.05	N/A	N/A	0	0	109	46
2014-02-20	$12.10	$12.50	106.2%	30.4%	14.0%	53.5%	0.0%	101.3%	-32.2%	3.3K	-15.0K	-98	0.00	143.28	N/A	N/A	0	0	109	46
2014-02-21	$12.25	$12.50	31.7%	9.1%	14.6%	10.9%	0.0%	-0.2%	-10.1%	4.0K	-23.9K	-107	0.00	137.86	N/A	N/A	0	0	109	46
2014-02-24	$12.17	$12.50	109.9%	31.5%	14.4%	55.6%	183.3%	17.4%	14.3%	319	-19.5K	-106	0.04	146.69	N/A	N/A	100	4	39	16
2014-02-25	$12.22	$12.50	27.4%	7.8%	14.0%	8.4%	0.0%	76.8%	-6.5%	4.8K	-67.8K	-359	0.00	137.69	N/A	N/A	0	0	139	16
2014-02-26	$12.36	$12.50	34.3%	9.8%	14.4%	12.4%	0.0%	26.1%	-3.1%	2.6K	-86.5K	-367	0.00	140.26	N/A	N/A	0	0	139	16
2014-02-27	$12.29	$12.50	63.9%	18.3%	14.4%	29.4%	0.0%	69.1%	-42.3%	4.0K	-69.7K	-378	0.00	143.85	N/A	N/A	0	0	139	16
2014-02-28	$12.52	$12.50	121.6%	34.9%	14.9%	62.4%	0.0%	0.8%	80.4%	2.4K	-87.4K	-348	0.00	145.27	N/A	N/A	0	0	139	16