FTC Options History — January 2014

In January 2014, FTC traded between $39.22 and $41.11. ATM implied volatility averaged 17.4%, placing in the 8.3% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 4.9% (HV 20d: 12.4%). Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 18 of 21 days.

Notable Days

  • 2014-01-13: Largest IV spike — 620.3% change
  • 2014-01-13: Highest IV Rank — 58.3%
  • 2014-01-31: Largest Expected Move — 18.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.42$39.22$41.11$40.54$39.78
ATM IV17.4%9.0%72.7%9.6%64.2%
Expected Move4.6%2.7%18.4%2.7%18.4%
HV 20d12.4%8.1%17.6%10.2%17.3%
HV 60d11.7%10.3%13.4%12.5%13.4%
IV Rank8.3%0.8%58.3%1.3%50.7%
IV Percentile40.0%3.0%96.2%5.7%95.2%
Term Structure-1.0%-24.0%2.4%1.7%-21.9%
Skew 25d4.2%1.3%8.3%4.8%1.3%
Skew 10d7.0%1.3%10.8%7.6%1.3%
Call IV 25d14.0%8.0%75.8%11.0%75.8%
Put IV 25d18.3%12.4%77.2%15.8%77.2%
Bid-Ask Spread %86.5245.18200.00134.32200.00
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-01-02$40.54$0.009.6%2.7%10.2%1.3%0.0%4.8%1.7%0000.00134.32N/AN/A0000
2014-01-03$40.54$0.009.8%2.8%10.1%1.5%0.0%1.4%1.7%0000.00139.99N/AN/A0000
2014-01-06$40.37$0.0011.7%3.8%10.2%3.2%0.0%3.2%1.3%0000.0048.12N/AN/A0000
2014-01-07$40.64$0.009.0%3.3%9.8%0.8%0.0%3.9%1.8%0000.0045.18N/AN/A0000
2014-01-08$40.84$0.0011.2%3.5%9.9%2.7%0.0%3.8%1.4%0000.0049.79N/AN/A0000
2014-01-09$40.97$0.0010.4%3.4%9.9%2.1%0.0%4.1%1.4%0000.0052.36N/AN/A0000
2014-01-10$41.11$0.0010.1%3.2%8.1%1.8%0.0%3.2%2.0%0000.0066.37N/AN/A0000
2014-01-13$40.30$0.0072.7%9.2%11.3%58.3%0.0%8.3%-24.0%0000.0078.69N/AN/A0000
2014-01-14$40.96$0.0010.6%3.3%12.5%2.2%0.0%3.5%1.7%0000.0069.55N/AN/A0000
2014-01-15$41.04$0.009.2%3.4%12.3%1.0%0.0%4.1%1.6%0000.0073.62N/AN/A0000
2014-01-16$40.86$0.0011.5%3.3%12.5%3.0%0.0%3.8%2.0%0000.0076.34N/AN/A0000
2014-01-17$40.79$0.0010.7%3.1%11.6%2.3%0.0%3.0%2.4%0000.0074.34N/AN/A0000
2014-01-21$40.89$0.0011.0%3.1%11.6%2.6%0.0%2.8%1.6%0000.0076.52N/AN/A0000
2014-01-22$41.07$0.0011.2%3.2%11.5%2.8%0.0%3.4%1.3%0000.0091.09N/AN/A0000
2014-01-23$40.50$0.0013.4%3.8%12.6%4.8%0.0%5.6%0.8%0000.0067.17N/AN/A0000
2014-01-24$39.48$0.0016.4%4.7%15.4%7.5%0.0%7.6%0.1%0000.0093.60N/AN/A0000
2014-01-27$39.25$0.0016.3%4.7%15.2%7.4%0.0%5.5%-0.1%0000.00106.98N/AN/A0000
2014-01-28$39.62$0.0013.9%4.0%15.8%5.2%0.0%3.9%0.4%0000.0081.64N/AN/A0000
2014-01-29$39.22$0.0016.4%4.7%16.0%7.5%0.0%6.5%0.7%0000.00104.97N/AN/A0000
2014-01-30$39.97$0.0015.3%4.4%17.6%6.4%0.0%4.9%0.1%0000.0086.33N/AN/A0000
2014-01-31$39.78$0.0064.2%18.4%17.3%50.7%0.0%1.3%-21.9%0000.00200.00N/AN/A0000