FSP Options History — April 2017

In April 2017, FSP traded between $11.87 and $12.68. ATM implied volatility averaged 21.8%, placing in the 15.8% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 2.3% (HV 20d: 19.5%). Max pain ranged from $12.50 to $22.50. Net GEX was positive for 2 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 4.79.

Notable Days

2017-04-19: Highest Volume — 150 contracts
2017-04-06: Largest IV spike — 48.6% change
2017-04-06: Highest IV Rank — 32.9%
2017-04-28: Largest Expected Move — 7.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$12.24	$11.87	$12.68	$11.87	$12.08
Max Pain	$14.64	$12.50	$22.50	$22.50	$12.50
ATM IV	21.8%	15.9%	31.5%	19.9%	25.5%
Expected Move	6.0%	4.5%	7.3%	5.7%	7.3%
HV 20d	19.5%	17.6%	24.8%	24.8%	17.9%
HV 60d	18.7%	17.9%	19.3%	18.6%	18.7%
IV Rank	15.8%	5.5%	32.9%	12.5%	22.4%
IV Percentile	22.6%	2.0%	75.8%	9.1%	51.2%
Term Structure	-1.7%	-7.4%	4.6%	2.5%	-4.7%
VWIV	21.8%	15.6%	25.3%	21.3%	25.3%
Skew 25d	11.2%	-4.4%	99.7%	6.3%	3.4%
Skew 10d	14.2%	-7.7%	135.5%	13.5%	2.8%
Call IV 25d	25.9%	20.4%	31.6%	22.9%	28.0%
Put IV 25d	37.0%	19.5%	128.1%	29.2%	31.3%
Bid-Ask Spread %	67.37	19.65	108.76	19.65	35.71
Gamma HHI	0.83	0.50	0.99	0.73	0.52
Net GEX	-778	-2.0K	250	-576	-459
Net DEX	93.5K	17.8K	148.8K	97.9K	20.4K
Net VEX	-304	-350	-241	-275	-341
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.79	3.37	8.27	3.68	3.60
Total Volume	107.263	75	150	89	92
Total OI	227.947	166	270	208	183

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
2017-04-03	$11.87	$22.50	19.9%	5.7%	24.8%	12.5%	21.3%	6.3%	2.5%	-576	97.9K	-275	3.68	19.65	N/A	N/A	19	70	72	136
2017-04-04	$11.87	$22.50	21.8%	6.3%	24.7%	15.9%	23.6%	5.1%	-2.9%	-487	123.2K	-241	4.11	85.13	N/A	N/A	19	78	75	144
2017-04-05	$11.98	$22.50	21.2%	6.1%	21.8%	14.9%	21.8%	11.7%	4.6%	-782	124.7K	-268	4.79	73.49	N/A	N/A	19	91	75	152
2017-04-06	$12.10	$0.00	31.5%	7.1%	19.1%	32.9%	0.0%	0.3%	-4.1%	-751	148.8K	-265	4.79	107.32	N/A	N/A	19	91	75	173
2017-04-07	$12.24	$0.00	21.2%	6.2%	19.1%	14.8%	0.0%	2.6%	-4.0%	-1.4K	142.5K	-290	8.27	108.24	N/A	N/A	11	91	75	173
2017-04-10	$12.25	$0.00	20.6%	5.8%	19.1%	13.8%	0.0%	78.1%	-3.1%	-1.5K	144.6K	-286	8.27	21.65	N/A	N/A	11	91	77	173
2017-04-11	$12.48	$0.00	25.1%	4.5%	19.6%	21.6%	0.0%	-0.9%	3.2%	-1.9K	130.6K	-305	8.27	42.62	N/A	N/A	11	91	77	173
2017-04-12	$12.47	$0.00	15.9%	4.6%	19.3%	5.5%	15.6%	-4.0%	4.2%	-1.8K	125.5K	-303	3.37	104.73	N/A	N/A	27	91	77	173
2017-04-13	$12.45	$12.50	22.2%	6.4%	19.4%	16.6%	22.2%	99.7%	-3.5%	250	119.7K	-323	3.37	108.76	N/A	N/A	27	91	97	173
2017-04-17	$12.52	$12.50	24.9%	7.1%	17.7%	21.3%	24.8%	2.0%	-4.4%	-2	114.5K	-314	3.37	35.09	N/A	N/A	27	91	97	173
2017-04-18	$12.68	$12.50	19.5%	5.6%	17.6%	11.8%	19.4%	-4.4%	0.9%	-897	108.9K	-310	3.37	77.43	N/A	N/A	27	91	97	173
2017-04-19	$12.44	$12.50	22.2%	6.4%	18.8%	16.6%	22.0%	4.4%	-2.5%	164	107.2K	-305	5.00	102.55	N/A	N/A	25	125	97	173
2017-04-20	$12.26	$12.50	17.9%	5.1%	19.2%	9.1%	19.4%	-1.8%	-0.2%	-2.0K	89.3K	-350	5.00	89.57	N/A	N/A	25	125	96	160
2017-04-21	$12.25	$12.50	21.0%	6.0%	18.4%	14.5%	23.5%	-1.4%	-7.4%	-824	102.0K	-329	5.00	61.74	N/A	N/A	25	125	96	152
2017-04-24	$12.10	$12.50	23.4%	6.7%	19.1%	18.6%	24.6%	5.0%	-4.3%	-474	18.0K	-322	4.00	105.73	N/A	N/A	15	60	82	84
2017-04-25	$12.14	$12.50	21.1%	6.0%	18.3%	14.6%	22.0%	0.7%	-1.6%	-344	17.8K	-323	4.00	35.60	N/A	N/A	15	60	82	84
2017-04-26	$12.20	$12.50	20.3%	5.8%	18.1%	13.3%	21.2%	1.8%	-2.7%	-501	20.0K	-316	4.00	34.69	N/A	N/A	15	60	82	84
2017-04-27	$12.18	$12.50	18.7%	5.4%	18.2%	10.4%	20.3%	3.6%	-1.5%	-460	20.1K	-316	4.80	30.27	N/A	N/A	15	72	82	84
2017-04-28	$12.08	$12.50	25.5%	7.3%	17.9%	22.4%	25.3%	3.4%	-4.7%	-459	20.4K	-341	3.60	35.71	N/A	N/A	20	72	87	96