FSP Options History — March 2021

In March 2021, FSP traded between $5.35 and $6.56. ATM implied volatility averaged 48.4%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded below realized volatility by 14.0% (HV 20d: 62.3%). Max pain ranged from $5.00 to $5.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.05.

Notable Days

  • 2021-03-03: Highest Volume — 566 contracts
  • 2021-03-25: Largest IV spike — 45.8% change
  • 2021-03-15: Highest IV Rank — 28.4%
  • 2021-03-05: Largest Expected Move — 19.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.88$5.35$6.56$5.35$5.47
Max Pain$5.00$5.00$5.00$5.00$5.00
ATM IV48.4%37.9%60.7%37.9%44.7%
Expected Move14.0%10.9%19.6%10.9%12.8%
HV 20d62.3%52.9%71.7%58.2%52.9%
HV 60d52.8%49.2%54.8%49.3%52.7%
IV Rank22.1%16.7%28.4%16.7%20.2%
IV Percentile12.5%2.8%29.0%3.6%8.3%
Term Structure-3.1%-32.9%20.3%20.3%2.8%
VWIV50.3%27.2%85.0%36.2%56.1%
Skew 25d4.4%-15.5%18.5%-15.5%18.3%
Skew 10d49.0%22.0%75.2%22.0%39.7%
Call IV 25d60.1%33.7%73.8%72.8%42.8%
Put IV 25d64.5%45.9%88.1%57.2%61.1%
Bid-Ask Spread %89.4841.31112.77110.4998.33
Gamma HHI0.570.500.850.850.58
Net GEX8.2K6.0K13.9K13.9K7.4K
Net DEX-521.5K-791.0K-280.7K-493.2K-354.5K
Net VEX-1.1K-1.3K-991-1.3K-1.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.050.000.280.280.00
Total Volume70.69615661135
Total OI1,725.5651,2042,0451,9201,385

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$5.35$5.0037.9%10.9%58.2%16.7%36.2%0.0%20.3%13.9K-493.2K-1.3K0.28110.49N/AN/A88251,89525
2021-03-02$5.38$5.0044.7%12.8%57.0%20.2%37.2%0.0%10.4%9.1K-559.3K-1.2K0.0068.91N/AN/A7701,93445
2021-03-03$5.78$5.0048.6%13.9%58.7%22.2%27.2%0.0%1.4%12.1K-617.4K-1.2K0.0149.35N/AN/A56241,93645
2021-03-04$5.73$5.0053.3%16.2%58.5%24.6%47.7%0.0%11.0%9.4K-584.0K-1.3K0.03112.77N/AN/A8631,87446
2021-03-05$6.01$5.0049.1%19.6%59.4%22.5%76.8%0.0%-32.9%8.3K-635.3K-1.2K0.00107.21N/AN/A4601,85748
2021-03-08$6.55$5.0056.5%14.5%63.5%26.3%51.2%0.0%-11.4%11.0K-791.0K-1.2K0.0190.89N/AN/A16521,85348
2021-03-09$6.46$5.0048.4%11.9%63.9%22.1%37.4%0.0%9.3%8.3K-746.4K-1.1K0.00112.27N/AN/A3601,99649
2021-03-10$6.39$5.0039.2%11.2%64.7%17.4%32.0%0.0%16.1%7.6K-684.8K-1.3K0.23102.67N/AN/A78181,93849
2021-03-11$6.35$5.0042.7%12.2%64.8%19.2%32.9%0.0%15.1%8.0K-677.5K-1.1K0.0097.01N/AN/A3801,93767
2021-03-12$6.56$5.0056.4%16.2%63.7%26.2%49.1%0.0%-1.7%9.0K-712.9K-1.2K0.00105.28N/AN/A4601,92467
2021-03-15$6.52$5.0060.7%17.4%63.9%28.4%55.2%0.0%-5.9%8.5K-713.7K-1.2K0.0088.06N/AN/A15301,93667
2021-03-16$6.18$5.0048.0%13.8%68.5%21.9%43.5%0.0%10.0%7.5K-587.9K-1.3K0.2775.16N/AN/A1131,93367
2021-03-17$6.14$5.0058.5%16.8%66.0%27.3%0.0%0.0%-24.2%8.2K-613.9K-1.2K0.00104.38N/AN/A3701,93566
2021-03-18$6.08$5.0049.5%14.2%66.0%22.7%0.0%-15.5%-8.0%7.8K-581.0K-1.2K0.0080.33N/AN/A101,91166
2021-03-19$5.73$5.0040.3%11.6%71.7%17.9%50.2%18.5%-7.1%6.7K-511.1K-1.1K0.2041.31N/AN/A1021,91166
2021-03-22$5.56$5.0041.5%11.9%70.0%18.5%52.4%15.6%9.2%6.3K-317.9K-1.1K0.08101.92N/AN/A1311,23310
2021-03-23$5.43$5.0049.6%14.2%61.7%22.7%85.0%8.1%-32.0%6.6K-291.0K-1.0K0.0486.00N/AN/A2311,23011
2021-03-24$5.43$5.0038.1%10.9%61.2%16.8%56.2%16.3%17.3%6.2K-282.3K-9910.0087.81N/AN/A4701,21011
2021-03-25$5.51$5.0055.5%15.9%61.3%25.8%0.0%-9.9%-28.9%6.1K-299.6K-1.0K0.0089.55N/AN/A1001,20311
2021-03-26$5.56$5.0055.9%16.0%60.9%26.0%78.4%-13.5%-30.4%6.4K-295.0K-9910.00104.28N/AN/A301,19311
2021-03-29$5.41$5.0046.4%13.3%58.0%21.1%56.1%3.1%-7.6%6.0K-280.7K-9930.0091.77N/AN/A601,19411
2021-03-30$5.56$5.0046.9%13.5%58.8%21.3%0.0%3.4%-4.9%7.7K-364.9K-1.2K0.0452.25N/AN/A2511,37311
2021-03-31$5.47$5.0044.7%12.8%52.9%20.2%0.0%18.3%2.8%7.4K-354.5K-1.2K0.0098.33N/AN/A501,37312