FSP Options History — February 2018

In February 2018, FSP traded between $8.11 and $9.85. ATM implied volatility averaged 30.8%, placing in the 31.3% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded below realized volatility by 4.6% (HV 20d: 35.4%). Max pain ranged from $7.50 to $10.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.61.

Notable Days

2018-02-27: Highest Volume — 465 contracts
2018-02-06: Largest IV spike — 59.0% change
2018-02-16: Highest IV Rank — 73.6%
2018-02-16: Largest Expected Move — 15.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.97	$8.11	$9.85	$9.85	$8.11
Max Pain	$9.87	$7.50	$10.00	$10.00	$7.50
ATM IV	30.8%	19.1%	54.9%	19.1%	28.4%
Expected Move	8.5%	4.9%	15.7%	4.9%	8.1%
HV 20d	35.4%	25.1%	42.7%	25.1%	41.8%
HV 60d	27.0%	21.2%	31.0%	21.2%	30.9%
IV Rank	31.3%	10.6%	73.6%	10.6%	27.0%
IV Percentile	67.5%	10.7%	98.8%	10.7%	69.4%
Term Structure	-2.9%	-29.8%	19.7%	6.5%	0.5%
VWIV	33.7%	17.0%	61.7%	17.0%	35.2%
Skew 25d	-1.4%	-30.6%	26.1%	-6.3%	-28.6%
Skew 10d	-3.6%	-35.9%	22.4%	-11.6%	-35.9%
Call IV 25d	33.2%	21.6%	62.6%	28.9%	55.5%
Put IV 25d	31.8%	22.7%	50.2%	22.7%	27.0%
Bid-Ask Spread %	84.30	15.16	120.68	86.37	92.59
Gamma HHI	0.55	0.35	0.79	0.76	0.55
Net GEX	906	-2.8K	6.6K	6.6K	-2.8K
Net DEX	102.1K	-12.6K	153.8K	-12.6K	133.3K
Net VEX	-786	-997	-581	-894	-751
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.61	0.24	1.22	0.64	1.22
Total Volume	226.632	123	465	123	465
Total OI	684.684	531	971	531	971

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
2018-02-01	$9.85	$10.00	19.1%	4.9%	25.1%	10.6%	17.0%	-6.3%	6.5%	6.6K	-12.6K	-894	0.64	86.37	N/A	N/A	75	48	340	191
2018-02-02	$9.80	$10.00	28.6%	6.7%	25.1%	27.4%	23.7%	0.2%	-0.3%	3.7K	8.7K	-904	0.95	89.19	N/A	N/A	75	71	340	211
2018-02-05	$9.35	$10.00	29.2%	7.9%	28.9%	28.4%	27.9%	8.0%	-7.5%	719	98.1K	-839	0.72	100.44	N/A	N/A	75	54	340	258
2018-02-06	$9.38	$10.00	46.4%	9.1%	28.6%	58.7%	34.0%	5.3%	-6.0%	1.0K	80.5K	-917	0.63	79.98	N/A	N/A	94	59	340	279
2018-02-07	$9.52	$10.00	23.0%	6.6%	29.4%	17.5%	24.1%	7.6%	-2.5%	523	115.0K	-904	0.63	109.89	N/A	N/A	94	59	337	284
2018-02-08	$9.33	$10.00	21.0%	6.0%	29.8%	14.0%	21.6%	2.2%	-0.2%	29	131.8K	-819	0.63	92.11	N/A	N/A	94	59	337	284
2018-02-09	$9.53	$10.00	22.6%	6.5%	30.2%	16.7%	22.7%	5.2%	4.8%	1.9K	83.5K	-986	0.62	104.16	N/A	N/A	95	59	337	284
2018-02-12	$9.54	$10.00	21.3%	6.1%	30.2%	14.6%	21.4%	26.1%	5.4%	2.2K	93.2K	-970	0.24	120.68	N/A	N/A	195	47	346	284
2018-02-13	$9.53	$10.00	27.1%	7.8%	28.7%	24.7%	25.4%	-3.3%	-8.9%	4.5K	54.4K	-997	0.24	104.79	N/A	N/A	195	47	446	287
2018-02-14	$8.67	$10.00	38.6%	11.1%	42.7%	44.9%	32.8%	-15.2%	-23.1%	-141	153.8K	-692	0.43	85.08	N/A	N/A	153	66	446	287
2018-02-15	$8.53	$10.00	36.8%	10.5%	41.7%	41.7%	45.0%	0.1%	-29.8%	-504	142.9K	-582	0.40	91.40	N/A	N/A	163	66	486	261
2018-02-16	$8.72	$10.00	54.9%	15.7%	42.4%	73.6%	54.1%	21.6%	-29.4%	1.1K	125.0K	-680	0.40	102.76	N/A	N/A	163	66	516	261
2018-02-20	$8.60	$10.00	27.3%	7.8%	41.6%	25.1%	27.9%	4.1%	11.3%	-1.2K	127.0K	-623	0.55	85.26	N/A	N/A	123	68	376	252
2018-02-21	$8.41	$10.00	28.8%	8.3%	41.5%	27.8%	32.6%	-4.3%	12.7%	-979	134.4K	-625	0.65	15.16	N/A	N/A	123	80	396	267
2018-02-22	$8.41	$10.00	29.6%	8.5%	41.7%	29.2%	34.5%	-3.8%	-4.8%	-1.1K	152.2K	-581	0.51	55.83	N/A	N/A	158	80	396	279
2018-02-23	$8.48	$10.00	36.8%	10.6%	41.0%	41.8%	52.0%	-14.1%	2.7%	301	110.0K	-722	0.51	81.02	N/A	N/A	158	80	444	279
2018-02-26	$8.49	$10.00	33.0%	9.4%	41.2%	35.0%	61.7%	-30.6%	19.7%	1.4K	91.2K	-781	0.32	39.34	N/A	N/A	254	80	454	279
2018-02-27	$8.24	$10.00	33.4%	9.6%	41.8%	35.8%	46.8%	-1.5%	-6.8%	-48	117.5K	-668	1.22	65.63	N/A	N/A	209	256	555	279
2018-02-28	$8.11	$7.50	28.4%	8.1%	41.8%	27.0%	35.2%	-28.6%	0.5%	-2.8K	133.3K	-751	1.22	92.59	N/A	N/A	209	256	561	410