FSP Options History — December 2017

In December 2017, FSP traded between $10.40 and $10.89. ATM implied volatility averaged 30.6%, placing in the 28.9% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 11.5% (HV 20d: 19.1%). Max pain ranged from $10.00 to $10.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.54.

Notable Days

2017-12-28: Highest Volume — 144 contracts
2017-12-13: Largest IV drop — 55.2% change
2017-12-12: Highest IV Rank — 62.9%
2017-12-05: Largest Expected Move — 9.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.65	$10.40	$10.89	$10.73	$10.70
Max Pain	$10.00	$10.00	$10.00	$10.00	$10.00
ATM IV	30.6%	20.2%	49.4%	26.5%	25.9%
Expected Move	7.0%	4.9%	9.9%	7.6%	7.4%
HV 20d	19.1%	15.9%	22.7%	15.9%	21.1%
HV 60d	16.9%	16.0%	17.8%	16.1%	17.8%
IV Rank	28.9%	10.1%	62.9%	21.4%	20.4%
IV Percentile	63.8%	16.3%	98.4%	62.7%	57.9%
Term Structure	-9.8%	-22.5%	8.9%	8.9%	-10.6%
VWIV	26.3%	26.3%	26.3%	26.3%	26.3%
Skew 25d	-14.3%	-61.8%	4.3%	-61.8%	-23.8%
Skew 10d	0.5%	-98.1%	22.5%	-98.1%	-24.2%
Call IV 25d	36.9%	24.0%	110.8%	110.8%	36.4%
Put IV 25d	22.5%	8.8%	49.0%	49.0%	12.6%
Bid-Ask Spread %	87.12	25.98	113.77	89.35	59.44
Gamma HHI	0.90	0.58	1.00	1.00	0.67
Net GEX	777	-4.1K	4.4K	-1.5K	4.4K
Net DEX	-119.7K	-159.8K	-71.3K	-145.1K	-128.6K
Net VEX	-402	-544	-265	-396	-544
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.11	0.88	0.70	0.13
Total Volume	101.3	41	144	102	124
Total OI	401.8	174	533	533	318

Daily Data (20 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
2017-12-01	$10.73	$10.00	26.5%	7.6%	15.9%	21.4%	26.3%	-61.8%	8.9%	-1.5K	-145.1K	-396	0.70	89.35	N/A	N/A	60	42	286	247
2017-12-04	$10.89	$0.00	31.7%	6.3%	16.3%	30.9%	0.0%	-16.6%	-9.4%	-406	-157.1K	-359	0.70	106.25	N/A	N/A	60	42	286	247
2017-12-05	$10.71	$0.00	48.8%	9.9%	17.6%	61.7%	0.0%	-2.7%	-22.5%	-2.5K	-120.7K	-444	0.70	111.65	N/A	N/A	60	42	286	247
2017-12-06	$10.69	$0.00	43.0%	7.1%	16.9%	51.4%	0.0%	-6.8%	-18.8%	-2.3K	-128.9K	-418	0.70	80.51	N/A	N/A	60	42	286	247
2017-12-07	$10.71	$0.00	35.3%	7.4%	16.9%	37.4%	0.0%	-6.9%	-9.2%	-1.1K	-137.6K	-387	0.70	80.25	N/A	N/A	60	42	286	247
2017-12-08	$10.70	$0.00	42.9%	8.1%	16.8%	51.2%	0.0%	4.3%	-3.6%	-2.2K	-122.5K	-416	0.70	86.25	N/A	N/A	60	42	286	247
2017-12-11	$10.51	$0.00	42.0%	5.0%	18.0%	49.5%	0.0%	-8.8%	-4.2%	-3.5K	-119.0K	-398	0.70	96.48	N/A	N/A	60	42	286	247
2017-12-12	$10.48	$0.00	49.4%	4.9%	18.0%	62.9%	0.0%	-16.5%	-5.4%	-4.1K	-120.1K	-387	0.70	79.62	N/A	N/A	60	42	286	247
2017-12-13	$10.70	$0.00	22.1%	6.4%	19.4%	13.6%	0.0%	-6.0%	-4.4%	51	-152.6K	-332	0.70	105.13	N/A	N/A	60	42	286	247
2017-12-14	$10.63	$0.00	24.9%	7.1%	19.3%	18.6%	0.0%	-16.3%	-18.2%	583	-150.9K	-336	0.70	89.29	N/A	N/A	60	42	286	247
2017-12-15	$10.68	$0.00	20.2%	5.8%	19.1%	10.1%	0.0%	-25.1%	-11.9%	2.9K	-159.8K	-318	0.75	100.20	N/A	N/A	51	38	286	247
2017-12-18	$10.86	$0.00	23.8%	6.8%	19.7%	16.6%	0.0%	-18.9%	-13.1%	2.8K	-110.6K	-265	0.79	93.41	N/A	N/A	33	26	135	39
2017-12-19	$10.54	$0.00	28.5%	8.2%	22.7%	25.1%	0.0%	-8.9%	-15.9%	2.8K	-89.5K	-319	0.24	111.91	N/A	N/A	33	8	137	39
2017-12-20	$10.40	$0.00	24.3%	7.0%	21.1%	17.6%	0.0%	-9.8%	-9.2%	2.9K	-72.0K	-359	0.88	25.98	N/A	N/A	33	29	137	43
2017-12-21	$10.52	$0.00	26.2%	7.5%	20.5%	21.0%	0.0%	-2.6%	-2.5%	3.4K	-71.3K	-405	0.36	112.40	N/A	N/A	81	29	137	68
2017-12-22	$10.48	$0.00	25.8%	7.4%	20.4%	20.1%	0.0%	-5.9%	-9.5%	3.0K	-83.4K	-480	0.29	113.77	N/A	N/A	100	29	187	68
2017-12-26	$10.60	$0.00	23.0%	6.6%	20.8%	15.2%	0.0%	-20.9%	-14.4%	3.7K	-103.2K	-476	0.13	60.82	N/A	N/A	110	14	207	68
2017-12-27	$10.71	$0.00	23.1%	6.6%	21.1%	15.3%	0.0%	-25.2%	-14.5%	3.1K	-106.0K	-499	0.13	73.99	N/A	N/A	110	14	217	78
2017-12-28	$10.78	$0.00	25.0%	7.2%	21.2%	18.8%	0.0%	-7.0%	-7.3%	3.4K	-114.4K	-502	0.11	65.73	N/A	N/A	130	14	217	78
2017-12-29	$10.70	$0.00	25.9%	7.4%	21.1%	20.4%	0.0%	-23.8%	-10.6%	4.4K	-128.6K	-544	0.13	59.44	N/A	N/A	110	14	240	78