FTC Options History — July 2013

In July 2013, FTC traded between $34.66 and $36.40. ATM implied volatility averaged 15.3%. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 1.2% (HV 20d: 14.1%). Max pain ranged from $32.00 to $32.00. Net GEX was positive for 4 of 22 trading days. Term structure was in contango for 21 of 22 days.

Notable Days

  • 2013-07-25: Largest IV spike — 468.3% change
  • 2013-07-25: Largest Expected Move — 19.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.82$34.66$36.40$34.83$36.40
Max Pain$32.00$32.00$32.00$32.00$32.00
ATM IV15.3%9.8%69.4%14.7%12.4%
Expected Move4.5%3.4%19.9%4.2%3.6%
HV 20d14.1%8.2%20.2%20.2%8.2%
HV 60d15.4%14.4%16.6%16.6%14.4%
Term Structure0.1%-24.9%2.0%1.0%1.2%
Skew 25d5.0%2.5%24.3%4.5%3.7%
Skew 10d5.9%-8.8%28.7%2.3%3.5%
Call IV 25d13.8%8.3%73.6%12.1%8.8%
Put IV 25d18.8%12.4%97.8%16.6%12.4%
Bid-Ask Spread %122.8484.52190.27146.83143.51
Gamma HHI1.001.001.001.001.00
Net GEX3303043040
Net DEX-20.4K-32.7K0-31.2K0
Net VEX-0-30-10
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI5.7270990

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-07-01$34.83$32.0014.7%4.2%20.2%0.0%0.0%4.5%1.0%304-31.2K-10.00146.83N/AN/A0090
2013-07-02$34.66$32.0014.0%4.0%20.2%0.0%0.0%3.5%0.8%295-30.8K-30.00153.34N/AN/A0090
2013-07-03$34.74$32.0013.9%4.0%19.1%0.0%0.0%4.4%0.9%88-31.3K00.00149.36N/AN/A0090
2013-07-05$34.99$0.0013.2%4.3%18.7%0.0%0.0%5.0%1.2%45-31.4K00.0094.99N/AN/A0090
2013-07-08$35.26$0.0014.1%4.1%18.1%0.0%0.0%4.4%1.7%0-31.7K00.0085.14N/AN/A0090
2013-07-09$35.51$0.009.8%3.6%18.2%0.0%0.0%5.8%1.8%0-32.0K00.0084.52N/AN/A0090
2013-07-10$35.52$0.0010.8%3.6%17.7%0.0%0.0%5.5%1.6%0-32.0K00.0087.86N/AN/A0090
2013-07-11$36.04$0.0013.1%3.8%17.8%0.0%0.0%3.2%1.5%0-32.4K00.00100.38N/AN/A0090
2013-07-12$36.16$0.0013.5%3.9%16.4%0.0%0.0%3.7%1.3%0-32.5K00.00102.72N/AN/A0090
2013-07-15$36.14$0.0013.5%3.9%16.3%0.0%0.0%3.5%1.3%0-32.5K00.0098.72N/AN/A0090
2013-07-16$35.91$0.0013.4%3.8%16.4%0.0%0.0%3.2%1.7%0-32.3K00.00100.68N/AN/A0090
2013-07-17$36.04$0.0013.1%3.8%16.2%0.0%0.0%3.3%1.6%0-32.4K00.00102.95N/AN/A0090
2013-07-18$36.24$0.0012.8%3.7%15.5%0.0%0.0%2.5%2.0%0-32.6K00.00121.23N/AN/A0090
2013-07-19$36.29$0.0012.5%3.6%9.8%0.0%0.0%3.2%1.7%0-32.7K00.00132.24N/AN/A0090
2013-07-22$36.36$0.0012.0%3.4%9.8%0.0%0.0%3.9%1.0%0000.00127.14N/AN/A0000
2013-07-23$36.22$0.0012.0%3.4%8.7%0.0%0.0%2.6%1.1%0000.00131.24N/AN/A0000
2013-07-24$36.01$0.0012.2%3.5%9.0%0.0%0.0%3.9%1.0%0000.00134.55N/AN/A0000
2013-07-25$36.24$0.0069.4%19.9%8.5%0.0%0.0%24.3%-24.9%0000.00190.27N/AN/A0000
2013-07-26$36.22$0.0012.1%3.5%8.2%0.0%0.0%5.9%0.7%0000.00137.55N/AN/A0000
2013-07-29$36.07$0.0011.8%3.4%8.5%0.0%0.0%4.6%1.4%0000.00139.86N/AN/A0000
2013-07-30$36.27$0.0012.8%3.7%8.6%0.0%0.0%5.9%0.4%0000.00137.34N/AN/A0000
2013-07-31$36.40$0.0012.4%3.6%8.2%0.0%0.0%3.7%1.2%0000.00143.51N/AN/A0000