FTC Options History — October 2014

In October 2014, FTC traded between $40.72 and $44.82. ATM implied volatility averaged 18.3%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded below realized volatility by 0.8% (HV 20d: 19.1%). Max pain ranged from $42.00 to $42.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2014-10-08: Highest Volume — 3 contracts
2014-10-13: Largest IV spike — 20.9% change
2014-10-13: Highest IV Rank — 25.7%
2014-10-14: Largest Expected Move — 6.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.71	$40.72	$44.82	$42.87	$44.82
Max Pain	$42.00	$42.00	$42.00	$42.00	$42.00
ATM IV	18.3%	15.2%	25.3%	17.0%	15.2%
Expected Move	5.6%	5.0%	6.8%	5.4%	5.0%
HV 20d	19.1%	11.7%	23.5%	11.7%	22.9%
HV 60d	14.0%	11.0%	16.1%	11.1%	15.5%
IV Rank	14.9%	9.9%	25.7%	12.8%	9.9%
IV Percentile	82.2%	67.1%	95.2%	81.7%	67.1%
Term Structure	0.4%	-0.9%	1.9%	-0.1%	0.7%
VWIV	20.6%	19.1%	24.6%	20.0%	20.2%
Skew 25d	6.8%	1.6%	9.6%	5.9%	8.1%
Skew 10d	10.0%	1.1%	16.4%	2.8%	5.6%
Call IV 25d	13.4%	9.0%	20.6%	11.7%	9.7%
Put IV 25d	20.2%	14.0%	27.1%	17.6%	17.8%
Bid-Ask Spread %	59.73	42.74	164.92	50.78	50.10
Gamma HHI	0.76	0.61	1.00	0.81	0.77
Net GEX	1.2K	605	1.7K	1.2K	1.7K
Net DEX	-10.8K	-18.9K	-3.4K	-9.6K	-18.9K
Net VEX	-59	-72	-28	-60	-71
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	2.087	0	3	1	3
Total OI	7.609	6	8	7	8

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI
2014-10-01	$42.87	$42.00	17.0%	5.4%	11.7%	12.8%	20.0%	5.9%	-0.1%	1.2K	-9.6K	-60	50.78	N/A	N/A	1	7
2014-10-02	$42.83	$42.00	15.8%	5.3%	11.7%	10.9%	0.0%	5.0%	1.1%	1.3K	-11.8K	-70	52.44	N/A	N/A	0	8
2014-10-03	$43.36	$42.00	16.1%	5.2%	12.4%	11.3%	0.0%	2.9%	0.6%	1.5K	-13.2K	-72	52.35	N/A	N/A	0	8
2014-10-06	$43.18	$42.00	16.5%	5.2%	12.4%	12.0%	19.3%	8.7%	0.7%	1.4K	-12.6K	-72	51.86	N/A	N/A	2	8
2014-10-07	$42.51	$0.00	17.9%	5.3%	13.2%	14.2%	0.0%	5.6%	0.7%	985	-6.0K	-41	52.75	N/A	N/A	0	6
2014-10-08	$43.32	$42.00	18.3%	5.2%	15.0%	14.8%	19.1%	9.6%	0.9%	1.4K	-13.0K	-72	50.77	N/A	N/A	3	8
2014-10-09	$42.45	$42.00	19.8%	5.7%	16.4%	17.2%	20.0%	5.7%	0.0%	1.2K	-10.3K	-64	53.81	N/A	N/A	3	8
2014-10-10	$42.07	$42.00	20.9%	5.7%	16.5%	18.9%	19.7%	5.7%	-0.0%	1.1K	-9.3K	-61	54.45	N/A	N/A	3	8
2014-10-13	$40.74	$42.00	25.3%	6.3%	19.5%	25.7%	20.6%	1.6%	-0.0%	835	-7.1K	-50	60.42	N/A	N/A	3	8
2014-10-14	$41.28	$42.00	21.9%	6.8%	19.9%	20.4%	24.6%	4.8%	-0.9%	916	-8.6K	-54	138.24	N/A	N/A	3	8
2014-10-15	$40.72	$42.00	22.4%	6.5%	20.2%	21.2%	21.5%	5.4%	0.2%	809	-6.6K	-49	61.58	N/A	N/A	3	8
2014-10-16	$40.85	$0.00	22.8%	6.2%	20.0%	21.8%	0.0%	8.5%	-0.6%	605	-3.4K	-28	164.92	N/A	N/A	0	6
2014-10-17	$41.44	$0.00	21.5%	6.4%	21.1%	19.8%	0.0%	9.1%	-0.8%	754	-4.4K	-33	54.92	N/A	N/A	0	6
2014-10-20	$41.98	$42.00	19.0%	6.0%	21.7%	15.9%	20.8%	9.6%	0.1%	1.1K	-8.6K	-55	53.93	N/A	N/A	3	8
2014-10-21	$42.90	$42.00	16.4%	5.6%	23.2%	11.7%	20.8%	6.3%	0.6%	1.4K	-11.2K	-63	49.97	N/A	N/A	3	8
2014-10-22	$42.59	$42.00	18.1%	5.8%	23.0%	14.4%	21.2%	5.4%	0.1%	1.3K	-11.3K	-62	47.19	N/A	N/A	3	8
2014-10-23	$43.12	$42.00	17.5%	5.7%	23.1%	13.5%	20.8%	7.5%	0.1%	1.4K	-12.6K	-67	44.38	N/A	N/A	3	8
2014-10-24	$43.59	$42.00	15.8%	5.4%	23.3%	10.8%	20.3%	9.4%	1.3%	1.5K	-13.9K	-68	47.07	N/A	N/A	3	8
2014-10-27	$43.52	$42.00	16.3%	5.3%	23.3%	11.6%	20.7%	8.2%	1.2%	1.5K	-13.8K	-67	42.74	N/A	N/A	3	8
2014-10-28	$44.00	$0.00	16.0%	5.2%	23.5%	11.2%	0.0%	8.2%	1.9%	1.4K	-9.7K	-46	42.77	N/A	N/A	0	6
2014-10-29	$43.99	$42.00	15.8%	5.2%	22.8%	10.9%	20.0%	9.2%	1.1%	1.7K	-15.2K	-68	46.76	N/A	N/A	3	8
2014-10-30	$44.26	$42.00	15.9%	5.2%	22.9%	11.0%	20.1%	5.2%	1.1%	1.7K	-16.6K	-70	49.65	N/A	N/A	3	8
2014-10-31	$44.82	$42.00	15.2%	5.0%	22.9%	9.9%	20.2%	8.1%	0.7%	1.7K	-18.9K	-71	50.10	N/A	N/A	3	8