FTC Options History — March 2014

In March 2014, FTC traded between $41.10 and $43.00. ATM implied volatility averaged 12.9%, placing in the 3.9% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded above realized volatility by 0.8% (HV 20d: 12.0%). Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 19 of 21 days.

Notable Days

  • 2014-03-13: Largest IV spike — 27.7% change
  • 2014-03-14: Highest IV Rank — 6.4%
  • 2014-03-14: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.22$41.10$43.00$42.13$41.74
ATM IV12.9%10.4%15.6%15.3%11.7%
Expected Move3.7%3.2%4.5%4.4%3.4%
HV 20d12.0%9.9%16.4%16.4%13.3%
HV 60d15.4%14.9%15.7%14.9%15.7%
IV Rank3.9%1.5%6.4%6.1%2.8%
IV Percentile45.4%11.5%80.2%78.6%25.8%
Term Structure1.3%-0.8%2.5%-0.8%0.9%
Skew 25d4.8%3.2%6.5%5.3%4.7%
Skew 10d11.1%6.6%19.6%12.5%7.6%
Call IV 25d11.6%9.6%14.0%12.8%10.5%
Put IV 25d16.4%13.6%20.6%18.1%15.2%
Bid-Ask Spread %107.8581.64136.75106.34135.11
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
2014-03-03$42.13$0.0015.3%4.4%16.4%6.1%0.0%5.3%-0.8%0000.00106.34N/AN/A0000
2014-03-04$42.95$0.0012.7%3.6%11.5%3.7%0.0%4.9%-0.3%0000.00117.17N/AN/A0000
2014-03-05$42.92$0.0012.3%3.5%11.5%3.3%0.0%4.8%0.5%0000.00127.75N/AN/A0000
2014-03-06$43.00$0.0012.7%3.6%11.3%3.7%0.0%3.6%0.0%0000.00136.75N/AN/A0000
2014-03-07$42.94$0.0012.4%3.6%11.1%3.5%0.0%5.6%2.3%0000.0091.01N/AN/A0000
2014-03-10$42.86$0.0012.0%3.6%9.9%3.1%0.0%4.7%2.3%0000.0094.43N/AN/A0000
2014-03-11$42.58$0.0010.4%3.5%10.4%1.5%0.0%5.1%2.2%0000.0092.99N/AN/A0000
2014-03-12$42.57$0.0010.9%3.4%10.1%2.0%0.0%5.2%2.5%0000.0097.30N/AN/A0000
2014-03-13$41.92$0.0013.9%4.0%11.9%4.9%0.0%5.9%1.9%0000.00108.19N/AN/A0000
2014-03-14$41.83$0.0015.6%4.5%11.5%6.4%0.0%6.5%0.5%0000.0081.64N/AN/A0000
2014-03-17$42.24$0.0014.5%4.2%12.0%5.4%0.0%6.0%1.4%0000.0088.82N/AN/A0000
2014-03-18$42.61$0.0012.2%3.5%12.1%3.2%0.0%3.9%2.1%0000.0094.74N/AN/A0000
2014-03-19$42.40$0.0014.0%4.0%12.1%4.9%0.0%5.5%1.4%0000.0097.77N/AN/A0000
2014-03-20$42.55$0.0011.1%3.2%11.9%2.2%0.0%5.6%2.5%0000.00102.07N/AN/A0000
2014-03-21$42.20$0.0013.1%3.8%12.3%4.1%0.0%4.8%2.0%0000.00106.24N/AN/A0000
2014-03-24$41.77$0.0012.1%3.5%12.4%3.1%0.0%3.2%1.7%0000.00106.79N/AN/A0000
2014-03-25$41.77$0.0011.8%3.4%12.4%2.8%0.0%3.3%1.6%0000.00115.39N/AN/A0000
2014-03-26$41.30$0.0014.3%4.1%13.0%5.2%0.0%4.2%0.4%0000.00129.35N/AN/A0000
2014-03-27$41.10$0.0013.3%3.8%12.7%4.3%0.0%4.2%0.8%0000.00115.94N/AN/A0000
2014-03-28$41.31$0.0013.7%3.9%12.9%4.6%0.0%4.1%0.7%0000.00119.15N/AN/A0000
2014-03-31$41.74$0.0011.7%3.4%13.3%2.8%0.0%4.7%0.9%0000.00135.11N/AN/A0000