FSP Options History — February 2015

In February 2015, FSP traded between $12.56 and $13.23. ATM implied volatility averaged 22.0%, placing in the 5.0% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 1.3% (HV 20d: 20.6%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.12.

Notable Days

2015-02-23: Highest Volume — 255 contracts
2015-02-09: Largest IV spike — 62.7% change
2015-02-09: Highest IV Rank — 9.5%
2015-02-27: Largest Expected Move — 8.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.84	$12.56	$13.23	$12.92	$12.60
Max Pain	$5.00	$5.00	$5.00	$5.00	$5.00
ATM IV	22.0%	15.8%	30.6%	17.3%	28.8%
Expected Move	5.9%	4.7%	8.3%	5.0%	8.3%
HV 20d	20.6%	18.3%	22.3%	18.5%	21.5%
HV 60d	18.0%	16.6%	19.1%	16.6%	19.0%
IV Rank	5.0%	1.7%	9.5%	2.5%	8.6%
IV Percentile	28.6%	3.2%	55.2%	8.7%	55.2%
Term Structure	-1.4%	-6.3%	6.1%	6.1%	-6.3%
VWIV	21.1%	15.8%	28.7%	18.9%	28.7%
Skew 25d	7.1%	-11.3%	59.5%	-11.3%	12.3%
Skew 10d	22.5%	-16.6%	114.0%	-16.6%	22.0%
Call IV 25d	23.4%	17.0%	31.8%	31.4%	29.1%
Put IV 25d	30.5%	16.0%	82.8%	20.1%	41.3%
Bid-Ask Spread %	74.70	5.94	108.32	106.57	103.26
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	26.0K	11.5K	33.8K	11.5K	25.0K
Net DEX	-342.9K	-446.4K	-183.9K	-183.9K	-282.8K
Net VEX	-1.1K	-1.2K	-802	-802	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.12	0.04	0.15	0.07	0.15
Total Volume	220.947	0	255	215	255
Total OI	493.421	271	527	271	527

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
2015-02-02	$12.92	$0.00	17.3%	5.0%	18.5%	2.5%	0.0%	-11.3%	6.1%	11.5K	-183.9K	-802	0.07	106.57	N/A	N/A	200	15	257	14
2015-02-03	$13.08	$0.00	20.0%	5.7%	18.3%	3.9%	0.0%	-8.1%	4.9%	20.6K	-390.2K	-1.1K	0.12	108.32	N/A	N/A	210	25	457	29
2015-02-04	$13.00	$0.00	18.9%	5.4%	18.5%	3.3%	0.0%	-10.2%	-4.3%	23.6K	-393.0K	-1.1K	0.11	5.94	N/A	N/A	221	25	457	29
2015-02-05	$13.23	$5.00	15.8%	5.5%	19.2%	1.7%	18.9%	2.2%	0.6%	20.7K	-446.4K	-1.1K	0.11	13.83	N/A	N/A	221	25	468	29
2015-02-06	$12.86	$5.00	18.8%	4.7%	22.0%	3.3%	21.1%	-1.7%	-3.1%	24.3K	-371.1K	-1.1K	0.11	28.57	N/A	N/A	221	25	468	29
2015-02-09	$12.81	$5.00	30.6%	5.4%	21.8%	9.5%	18.0%	5.6%	1.5%	25.0K	-374.0K	-1.1K	0.11	102.93	N/A	N/A	221	25	468	29
2015-02-10	$12.75	$5.00	29.4%	4.8%	21.6%	8.9%	17.4%	3.7%	1.8%	28.7K	-341.7K	-1.1K	0.11	107.24	N/A	N/A	221	25	468	29
2015-02-11	$12.72	$5.00	20.7%	5.9%	21.1%	4.3%	20.4%	6.0%	-3.9%	26.8K	-349.1K	-1.1K	0.11	104.65	N/A	N/A	221	25	468	29
2015-02-12	$13.02	$5.00	22.9%	6.6%	22.3%	5.5%	17.2%	14.1%	-2.9%	23.5K	-380.1K	-1.1K	0.11	102.82	N/A	N/A	221	25	468	29
2015-02-13	$13.03	$5.00	22.3%	6.4%	20.6%	5.2%	22.9%	0.0%	-5.7%	33.8K	-402.3K	-1.0K	0.11	105.33	N/A	N/A	221	25	468	29
2015-02-17	$12.90	$5.00	21.3%	6.1%	20.4%	4.6%	23.2%	2.7%	-0.0%	24.2K	-368.4K	-1.1K	0.11	106.81	N/A	N/A	221	25	468	29
2015-02-18	$12.82	$5.00	19.2%	5.5%	19.9%	3.5%	19.6%	34.9%	-0.3%	31.5K	-370.8K	-1.0K	0.04	37.25	N/A	N/A	221	8	468	29
2015-02-19	$12.56	$5.00	18.6%	5.3%	20.0%	3.2%	0.0%	-1.0%	0.0%	28.9K	-293.9K	-1.1K	0.00	42.98	N/A	N/A	0	30	468	29
2015-02-20	$12.68	$5.00	20.8%	6.0%	20.2%	4.3%	0.0%	59.5%	-5.5%	32.8K	-284.2K	-1.2K	0.00	27.76	N/A	N/A	0	0	468	59
2015-02-23	$12.90	$5.00	23.5%	6.7%	21.3%	5.8%	15.8%	15.4%	5.2%	22.9K	-336.2K	-1.1K	0.15	103.68	N/A	N/A	221	34	468	59
2015-02-24	$12.71	$5.00	21.1%	6.0%	21.6%	4.5%	22.8%	-0.1%	-3.1%	32.1K	-314.2K	-1.1K	0.15	43.57	N/A	N/A	221	34	468	59
2015-02-25	$12.73	$5.00	25.2%	7.2%	21.6%	6.7%	24.4%	10.1%	-5.1%	28.0K	-341.4K	-1.1K	0.15	103.41	N/A	N/A	221	34	468	59
2015-02-26	$12.58	$5.00	22.4%	6.4%	21.9%	5.2%	25.0%	0.3%	-5.7%	29.0K	-292.0K	-1.1K	0.15	64.45	N/A	N/A	221	34	468	59
2015-02-27	$12.60	$5.00	28.8%	8.3%	21.5%	8.6%	28.7%	12.3%	-6.3%	25.0K	-282.8K	-1.1K	0.15	103.26	N/A	N/A	221	34	468	59