FTC Options History — April 2014

In April 2014, FTC traded between $39.84 and $42.51. ATM implied volatility averaged 15.7%, placing in the 6.5% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded below realized volatility by 2.0% (HV 20d: 17.6%). Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 13 of 21 days.

Notable Days

  • 2014-04-23: Largest IV spike — 95.5% change
  • 2014-04-30: Highest IV Rank — 13.9%
  • 2014-04-30: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.10$39.84$42.51$42.27$41.22
ATM IV15.7%10.1%23.6%12.0%23.6%
Expected Move4.5%2.9%6.8%3.4%6.8%
HV 20d17.6%12.1%19.8%12.1%19.3%
HV 60d16.9%15.3%17.9%15.9%15.3%
IV Rank6.5%1.2%13.9%3.1%13.9%
IV Percentile60.8%8.3%94.8%31.0%94.8%
Term Structure-0.8%-8.7%1.9%0.9%-8.7%
Skew 25d1.7%-26.2%5.6%3.2%2.8%
Skew 10d-11.5%-71.9%9.1%3.6%-71.9%
Call IV 25d13.7%10.0%41.4%10.8%12.0%
Put IV 25d15.3%14.0%18.0%14.0%14.7%
Bid-Ask Spread %128.7363.15200.00137.17196.77
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
2014-04-01$42.27$0.0012.0%3.4%12.1%3.1%0.0%3.2%0.9%0000.00137.17N/AN/A0000
2014-04-02$42.51$0.0010.1%2.9%12.3%1.2%0.0%4.1%1.9%0000.00132.90N/AN/A0000
2014-04-03$42.23$0.0011.8%3.4%12.5%2.9%0.0%2.2%1.5%0000.00136.03N/AN/A0000
2014-04-04$41.41$0.0013.3%4.1%14.1%4.3%0.0%4.1%0.6%0000.0063.15N/AN/A0000
2014-04-07$40.65$0.0012.9%4.0%15.3%3.9%0.0%3.4%1.0%0000.0091.20N/AN/A0000
2014-04-08$40.78$0.0012.4%3.9%15.4%3.5%0.0%4.0%0.8%0000.0089.75N/AN/A0000
2014-04-09$41.49$0.0012.2%3.9%16.9%3.2%0.0%3.7%1.3%0000.0070.68N/AN/A0000
2014-04-10$40.34$0.0015.7%4.5%18.8%6.5%0.0%2.5%0.0%0000.0098.29N/AN/A0000
2014-04-11$39.84$0.0016.1%4.6%19.1%6.9%0.0%2.3%-0.4%0000.00120.24N/AN/A0000
2014-04-14$39.98$0.0015.8%4.5%18.7%6.7%0.0%5.6%-0.4%0000.0088.57N/AN/A0000
2014-04-15$40.32$0.0015.7%4.5%18.7%6.6%0.0%4.3%0.4%0000.0084.56N/AN/A0000
2014-04-16$40.87$0.0013.1%3.7%19.6%4.1%0.0%4.8%1.4%0000.0085.06N/AN/A0000
2014-04-17$41.17$0.0012.7%3.6%19.8%3.7%0.0%4.4%1.6%0000.0087.22N/AN/A0000
2014-04-21$41.25$0.0013.2%3.8%19.6%4.2%0.0%3.7%0.8%0000.0093.38N/AN/A0000
2014-04-22$41.54$0.0010.4%3.0%19.5%1.6%0.0%4.3%1.1%0000.00138.93N/AN/A0000
2014-04-23$41.55$0.0020.3%5.8%19.5%10.9%0.0%4.4%-1.4%0000.00200.00N/AN/A0000
2014-04-24$41.43$0.0021.7%6.2%19.1%12.2%0.0%-8.8%-6.8%0000.00200.00N/AN/A0000
2014-04-25$40.81$0.0021.5%6.2%19.8%12.0%0.0%3.6%-4.0%0000.00198.21N/AN/A0000
2014-04-28$40.55$0.0021.4%6.1%19.8%11.9%0.0%-26.2%-3.2%0000.00194.91N/AN/A0000
2014-04-29$40.89$0.0022.7%6.5%19.7%13.1%0.0%2.9%-5.7%0000.00196.35N/AN/A0000
2014-04-30$41.22$0.0023.6%6.8%19.3%13.9%0.0%2.8%-8.7%0000.00196.77N/AN/A0000