FSP Options History — July 2014

In July 2014, FSP traded between $12.14 and $12.69. ATM implied volatility averaged 50.4%, placing in the 20.1% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 38.5% (HV 20d: 11.9%). Max pain ranged from $12.50 to $15.00. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2014-07-15: Highest Volume — 126 contracts
2014-07-07: Largest IV spike — 555.1% change
2014-07-08: Highest IV Rank — 76.9%
2014-07-08: Largest Expected Move — 45.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.47	$12.14	$12.69	$12.69	$12.14
Max Pain	$13.08	$12.50	$15.00	$15.00	$12.50
ATM IV	50.4%	21.3%	157.1%	33.7%	27.0%
Expected Move	13.7%	4.4%	45.1%	9.7%	5.9%
HV 20d	11.9%	10.5%	15.3%	15.1%	10.6%
HV 60d	14.6%	13.9%	15.4%	15.4%	14.1%
IV Rank	20.1%	4.6%	76.9%	11.2%	7.7%
IV Percentile	46.6%	14.7%	88.5%	59.5%	47.2%
Term Structure	-21.0%	-118.8%	1.8%	-9.8%	-6.4%
VWIV	30.0%	30.0%	30.0%	30.0%	30.0%
Skew 25d	4.9%	-162.3%	78.4%	72.5%	13.3%
Skew 10d	14.3%	-2.0%	125.3%	125.3%	6.7%
Call IV 25d	63.8%	26.1%	175.2%	28.5%	34.7%
Put IV 25d	68.6%	12.9%	164.7%	100.9%	48.0%
Bid-Ask Spread %	127.72	71.59	150.12	149.58	117.83
Gamma HHI	0.73	0.51	1.00	1.00	0.69
Net GEX	-1.2K	-3.7K	246	-1.1K	-1.8K
Net DEX	1.9K	-10.1K	19.4K	-868	14.4K
Net VEX	-191	-235	-167	-169	-199
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	6.636	0	126	0	0
Total OI	138.636	99	223	99	154

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	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2014-07-01	$12.69	$15.00	33.7%	9.7%	15.1%	11.2%	0.0%	72.5%	-9.8%	-1.1K	-868	-169	149.58	N/A	N/A	0	0	51	48
2014-07-02	$12.60	$15.00	80.0%	0.0%	15.3%	35.8%	0.0%	-162.3%	-41.2%	-169	-7.4K	-192	146.85	N/A	N/A	0	0	51	48
2014-07-03	$12.58	$15.00	23.7%	0.0%	12.9%	5.9%	0.0%	44.4%	-54.7%	-588	-4.6K	-189	150.12	N/A	N/A	0	0	51	48
2014-07-07	$12.46	$12.50	155.4%	44.5%	13.3%	76.0%	0.0%	-4.2%	-42.6%	152	-10.0K	-181	149.11	N/A	N/A	0	0	51	48
2014-07-08	$12.50	$12.50	157.1%	45.1%	13.1%	76.9%	0.0%	-3.3%	-43.6%	155	-10.1K	-180	148.23	N/A	N/A	0	0	51	48
2014-07-09	$12.44	$12.50	90.1%	25.8%	12.4%	41.2%	0.0%	-4.9%	-45.4%	-157	-6.3K	-180	148.03	N/A	N/A	0	0	51	48
2014-07-10	$12.43	$12.50	90.5%	26.0%	12.3%	41.5%	0.0%	7.4%	-46.8%	-163	-6.3K	-178	149.88	N/A	N/A	0	0	51	48
2014-07-11	$12.51	$12.50	26.8%	7.7%	11.8%	7.5%	30.0%	2.0%	1.8%	-421	442	-170	144.35	N/A	N/A	0	10	51	48
2014-07-14	$12.55	$12.50	136.2%	39.0%	11.9%	65.8%	0.0%	78.4%	-118.8%	246	-519	-186	146.69	N/A	N/A	0	0	51	58
2014-07-15	$12.56	$12.50	22.8%	6.5%	11.5%	5.4%	0.0%	5.6%	-2.2%	-1.5K	7.9K	-175	117.07	N/A	N/A	0	126	51	58
2014-07-16	$12.58	$12.50	25.6%	7.3%	10.6%	6.9%	0.0%	2.8%	-10.0%	-1.4K	11.6K	-180	111.90	N/A	N/A	0	0	51	172
2014-07-17	$12.52	$12.50	22.7%	6.5%	10.5%	5.3%	0.0%	8.2%	1.3%	-1.7K	19.4K	-224	110.85	N/A	N/A	0	0	51	172
2014-07-18	$12.68	$12.50	21.3%	6.1%	10.8%	4.6%	0.0%	5.2%	-5.2%	-3.7K	13.1K	-235	115.58	N/A	N/A	0	0	51	172
2014-07-21	$12.54	$0.00	22.5%	5.8%	11.4%	5.3%	0.0%	2.1%	-7.8%	-1.7K	-136	-167	126.51	N/A	N/A	5	0	51	98
2014-07-22	$12.60	$0.00	24.0%	5.7%	10.7%	6.0%	0.0%	3.7%	-0.9%	-2.0K	-3.8K	-167	118.56	N/A	N/A	0	0	51	98
2014-07-23	$12.43	$0.00	22.5%	5.9%	11.7%	5.2%	0.0%	0.4%	-7.0%	-2.1K	133	-192	116.59	N/A	N/A	5	0	51	98
2014-07-24	$12.35	$0.00	23.0%	5.8%	11.8%	5.5%	0.0%	3.6%	-1.5%	-2.3K	-581	-219	118.31	N/A	N/A	0	0	56	98
2014-07-25	$12.30	$0.00	25.5%	5.9%	11.9%	6.9%	0.0%	8.3%	-4.1%	-1.7K	4.6K	-207	118.50	N/A	N/A	0	0	56	98
2014-07-28	$12.30	$0.00	25.2%	5.1%	11.0%	6.7%	0.0%	6.0%	-5.8%	-1.8K	6.1K	-203	71.59	N/A	N/A	0	0	56	98
2014-07-29	$12.34	$0.00	27.1%	5.8%	10.8%	7.7%	0.0%	8.6%	-5.6%	-2.0K	3.7K	-212	117.83	N/A	N/A	0	0	56	98
2014-07-30	$12.20	$0.00	26.4%	4.4%	10.7%	7.3%	0.0%	10.1%	-5.0%	-1.9K	11.3K	-205	115.96	N/A	N/A	0	0	56	98
2014-07-31	$12.14	$0.00	27.0%	5.9%	10.6%	7.7%	0.0%	13.3%	-6.4%	-1.8K	14.4K	-199	117.83	N/A	N/A	0	0	56	98