FSP Options History — May 2014

In May 2014, FSP traded between $12.08 and $12.67. ATM implied volatility averaged 120.9%, placing in the 57.4% IV rank vs the trailing year. The 30-day expected move averaged 36.8%. IV traded above realized volatility by 104.1% (HV 20d: 16.8%). 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 4 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2014-05-01: Highest Volume — 2 contracts
2014-05-13: Largest IV spike — 405.2% change
2014-05-28: Highest IV Rank — 98.9%
2014-05-28: Largest Expected Move — 56.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.37	$12.08	$12.67	$12.23	$12.52
Max Pain	$12.50	$12.50	$12.50	$12.50	$12.50
ATM IV	120.9%	12.6%	198.5%	135.7%	12.6%
Expected Move	36.8%	3.6%	56.9%	25.0%	3.6%
HV 20d	16.8%	15.1%	18.7%	16.2%	15.9%
HV 60d	17.1%	16.6%	17.5%	16.6%	16.7%
IV Rank	57.4%	0.0%	98.9%	65.4%	0.0%
IV Percentile	80.4%	0.0%	98.8%	92.1%	0.0%
Term Structure	-32.5%	-75.3%	115.3%	-58.7%	-25.2%
Skew 25d	-23.8%	-146.8%	91.6%	91.6%	78.5%
Skew 10d	32.9%	-136.7%	66.5%	61.3%	41.8%
Call IV 25d	114.2%	15.5%	194.5%	29.5%	15.5%
Put IV 25d	90.4%	18.3%	184.5%	121.1%	94.0%
Bid-Ask Spread %	150.23	144.29	153.54	153.43	152.20
Gamma HHI	0.79	0.74	0.96	0.74	0.93
Net GEX	1.3K	609	4.5K	820	3.4K
Net DEX	-69.0K	-74.5K	-57.5K	-68.4K	-62.6K
Net VEX	-282	-314	-234	-311	-242
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	0.095	0	2	2	0
Total OI	153.905	152	154	152	154

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	Call OI	Put OI
2014-05-01	$12.23	$0.00	135.7%	0.0%	16.2%	65.4%	0.0%	91.6%	-58.7%	820	-68.4K	-311	153.43	N/A	N/A	2	116	36
2014-05-02	$12.17	$0.00	142.1%	0.0%	15.6%	68.8%	0.0%	14.6%	-23.3%	609	-72.1K	-314	153.54	N/A	N/A	0	118	36
2014-05-05	$12.13	$12.50	36.4%	25.0%	15.7%	12.3%	0.0%	-61.2%	-62.6%	908	-61.3K	-314	150.69	N/A	N/A	0	118	36
2014-05-06	$12.08	$12.50	82.9%	23.8%	15.1%	37.2%	0.0%	-116.5%	30.1%	1.1K	-57.5K	-310	147.18	N/A	N/A	0	118	36
2014-05-07	$12.42	$12.50	102.0%	29.3%	18.3%	47.4%	0.0%	3.3%	29.9%	804	-69.3K	-310	149.22	N/A	N/A	0	118	36
2014-05-08	$12.27	$12.50	150.8%	43.2%	18.5%	73.5%	0.0%	-8.7%	-65.3%	721	-70.5K	-304	149.23	N/A	N/A	0	118	36
2014-05-09	$12.37	$12.50	151.9%	43.6%	18.3%	74.1%	0.0%	-11.0%	-65.8%	724	-72.0K	-303	151.10	N/A	N/A	0	118	36
2014-05-12	$12.47	$12.50	31.2%	44.5%	18.4%	9.6%	0.0%	-107.2%	-66.0%	822	-73.4K	-296	150.34	N/A	N/A	0	118	36
2014-05-13	$12.36	$12.50	157.8%	45.2%	18.7%	77.2%	0.0%	59.4%	-70.7%	805	-72.3K	-291	149.78	N/A	N/A	0	118	36
2014-05-14	$12.32	$12.50	160.2%	45.9%	17.5%	78.4%	0.0%	-1.6%	-72.9%	869	-71.4K	-288	151.10	N/A	N/A	0	118	36
2014-05-15	$12.31	$12.50	162.4%	46.5%	17.5%	79.6%	0.0%	-5.4%	-72.9%	857	-71.4K	-285	150.83	N/A	N/A	0	118	36
2014-05-16	$12.44	$12.50	163.7%	46.9%	17.9%	80.4%	0.0%	-23.6%	-75.3%	1.4K	-72.1K	-278	144.29	N/A	N/A	0	118	36
2014-05-19	$12.42	$12.50	171.2%	49.1%	17.6%	84.3%	0.0%	10.3%	-45.7%	657	-74.5K	-274	150.67	N/A	N/A	0	118	36
2014-05-20	$12.36	$12.50	176.2%	50.5%	17.6%	87.0%	0.0%	1.8%	-47.7%	645	-74.0K	-270	148.74	N/A	N/A	0	118	36
2014-05-21	$12.36	$12.50	98.1%	28.1%	15.1%	45.3%	0.0%	7.3%	-49.5%	948	-65.2K	-273	149.70	N/A	N/A	0	118	36
2014-05-22	$12.31	$12.50	98.6%	28.3%	15.2%	45.0%	0.0%	3.1%	111.6%	926	-64.4K	-269	150.31	N/A	N/A	0	118	36
2014-05-23	$12.42	$12.50	178.5%	51.2%	15.4%	88.1%	0.0%	-139.8%	-51.6%	934	-72.1K	-264	151.10	N/A	N/A	0	118	36
2014-05-27	$12.67	$12.50	111.0%	31.8%	16.4%	51.7%	0.0%	-146.8%	-52.9%	2.4K	-70.0K	-234	149.49	N/A	N/A	0	118	36
2014-05-28	$12.55	$12.50	198.5%	56.9%	15.9%	98.9%	0.0%	-11.9%	-63.6%	2.8K	-65.1K	-250	150.74	N/A	N/A	0	118	36
2014-05-29	$12.58	$12.50	17.9%	5.1%	15.8%	1.4%	0.0%	-136.6%	115.3%	4.5K	-68.6K	-244	151.15	N/A	N/A	0	118	36
2014-05-30	$12.52	$12.50	12.6%	3.6%	15.9%	0.0%	0.0%	78.5%	-25.2%	3.4K	-62.6K	-242	152.20	N/A	N/A	0	118	36