FTC Options History — February 2014

In February 2014, FTC traded between $38.55 and $42.48. ATM implied volatility averaged 14.0%, placing in the 5.2% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 6.2% (HV 20d: 20.2%). Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 13 of 19 days.

Notable Days

  • 2014-02-11: Largest IV drop — 27.7% change
  • 2014-02-03: Highest IV Rank — 10.3%
  • 2014-02-03: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.96$38.55$42.48$38.55$42.48
ATM IV14.0%10.0%19.5%19.5%13.6%
Expected Move4.1%3.5%5.6%5.6%3.9%
HV 20d20.2%16.1%22.4%20.4%16.1%
HV 60d14.9%14.5%15.1%14.9%14.9%
IV Rank5.2%1.7%10.3%10.3%4.5%
IV Percentile55.9%10.7%91.6%91.6%57.1%
Term Structure0.2%-1.3%0.9%-1.3%0.4%
Skew 25d4.3%3.0%6.6%4.4%3.9%
Skew 10d8.3%5.3%13.3%6.9%8.7%
Call IV 25d12.4%10.8%17.8%17.8%11.1%
Put IV 25d16.8%14.4%22.2%22.2%15.0%
Bid-Ask Spread %90.3866.56118.14110.26118.14
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-02-03$38.55$0.0019.5%5.6%20.4%10.3%0.0%4.4%-1.3%0000.00110.26N/AN/A0000
2014-02-04$38.97$0.0017.3%5.0%20.9%8.3%0.0%5.1%0.3%0000.00108.26N/AN/A0000
2014-02-05$38.94$0.0018.1%5.2%20.7%9.1%0.0%5.4%0.1%0000.00109.19N/AN/A0000
2014-02-06$39.47$0.0017.6%5.1%21.3%8.6%0.0%5.8%-0.2%0000.00117.06N/AN/A0000
2014-02-07$40.21$0.0013.6%4.3%22.4%5.1%0.0%6.6%-0.2%0000.0078.84N/AN/A0000
2014-02-10$40.26$0.0013.8%4.2%22.4%5.3%0.0%3.5%-0.2%0000.0069.96N/AN/A0000
2014-02-11$40.68$0.0010.0%3.8%21.6%1.7%0.0%3.8%-0.0%0000.0071.47N/AN/A0000
2014-02-12$40.81$0.0011.2%3.8%20.8%2.8%0.0%4.8%-0.0%0000.0069.18N/AN/A0000
2014-02-13$41.19$0.0013.6%3.9%21.0%5.1%0.0%5.1%0.2%0000.0083.81N/AN/A0000
2014-02-14$41.31$0.0013.2%3.8%21.0%4.7%0.0%4.3%0.5%0000.0075.34N/AN/A0000
2014-02-18$41.59$0.0012.3%3.5%21.1%3.9%0.0%3.0%0.4%0000.0066.56N/AN/A0000
2014-02-19$41.40$0.0014.8%4.3%21.2%6.3%0.0%5.4%0.1%0000.0073.04N/AN/A0000
2014-02-20$41.75$0.0012.5%3.6%21.3%3.6%0.0%4.4%0.5%0000.0071.56N/AN/A0000
2014-02-21$41.78$0.0012.3%3.5%20.6%3.3%0.0%3.5%0.9%0000.0091.34N/AN/A0000
2014-02-24$42.17$0.0012.8%3.7%18.1%3.8%0.0%3.2%0.7%0000.0099.47N/AN/A0000
2014-02-25$42.18$0.0013.0%3.7%17.8%4.0%0.0%3.6%0.6%0000.0096.01N/AN/A0000
2014-02-26$42.13$0.0013.0%3.7%17.7%4.0%0.0%3.7%0.7%0000.0097.56N/AN/A0000
2014-02-27$42.42$0.0013.5%3.9%17.1%4.4%0.0%3.0%0.1%0000.00110.21N/AN/A0000
2014-02-28$42.48$0.0013.6%3.9%16.1%4.5%0.0%3.9%0.4%0000.00118.14N/AN/A0000