FTC Options History — November 2014

In November 2014, FTC traded between $44.75 and $46.60. ATM implied volatility averaged 13.3%, placing in the 6.7% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 0.7% (HV 20d: 12.6%). Max pain ranged from $42.00 to $42.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-11-03: Highest Volume — 3 contracts
  • 2014-11-13: Largest IV spike — 33.8% change
  • 2014-11-04: Highest IV Rank — 10.3%
  • 2014-11-04: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.70$44.75$46.60$44.89$46.58
Max Pain$42.00$42.00$42.00$42.00$42.00
ATM IV13.3%9.7%15.5%15.2%13.0%
Expected Move4.8%4.3%5.1%5.1%4.6%
HV 20d12.6%6.9%22.8%22.8%6.9%
HV 60d15.4%15.3%15.4%15.4%15.4%
IV Rank6.7%1.1%10.3%9.9%6.2%
IV Percentile46.5%1.2%69.8%66.7%40.1%
Term Structure0.9%0.0%1.8%1.0%1.3%
VWIV18.9%13.9%20.8%20.6%14.5%
Skew 25d5.5%0.7%8.3%6.6%4.9%
Skew 10d7.0%-0.1%13.0%7.2%6.2%
Call IV 25d10.3%7.6%13.7%10.3%10.0%
Put IV 25d15.9%11.6%18.0%16.8%15.0%
Bid-Ask Spread %47.1942.8051.7242.9548.64
Gamma HHI0.870.761.000.761.00
Net GEX1.7K1.5K2.0K1.7K1.5K
Net DEX-19.9K-24.5K-15.6K-19.3K-20.0K
Net VEX-55-70-35-70-35
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.2110330
Total OI7.1056886

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-11-03$44.89$42.0015.2%5.1%22.8%9.9%20.6%6.6%1.0%1.7K-19.3K-700.0042.95N/AN/A3080
2014-11-04$44.75$42.0015.5%5.1%21.9%10.3%20.7%7.1%1.2%1.7K-18.7K-690.0048.18N/AN/A3080
2014-11-05$44.90$42.0015.0%5.0%21.0%9.7%20.7%5.8%1.3%1.8K-19.2K-690.0044.02N/AN/A3080
2014-11-06$45.30$42.0014.8%5.0%19.5%9.4%20.1%6.6%1.5%1.8K-20.9K-690.0042.80N/AN/A3080
2014-11-07$45.19$42.0013.5%4.9%19.1%7.0%20.2%4.0%0.6%1.8K-20.6K-670.0045.15N/AN/A3080
2014-11-10$45.45$42.0012.2%4.9%13.6%4.9%19.3%2.4%0.9%1.9K-21.7K-660.0045.82N/AN/A3080
2014-11-11$45.53$42.009.7%4.6%13.4%1.1%20.0%2.9%0.0%1.7K-19.6K-580.0046.83N/AN/A3070
2014-11-12$45.59$42.0010.0%4.7%11.5%1.4%19.6%7.4%0.3%1.9K-22.5K-650.0046.85N/AN/A3080
2014-11-13$45.61$42.0013.3%4.7%11.6%6.7%20.8%8.1%0.7%1.9K-22.6K-650.0047.56N/AN/A3080
2014-11-14$45.56$0.0013.7%4.6%11.4%7.3%0.0%7.7%0.3%1.6K-15.6K-450.0047.41N/AN/A0060
2014-11-17$45.54$42.0013.6%4.6%11.1%7.1%20.1%7.1%0.6%2.0K-22.4K-630.0047.83N/AN/A3080
2014-11-18$45.99$42.0014.4%4.6%9.2%8.5%13.9%7.2%0.5%1.9K-24.5K-600.0048.35N/AN/A3080
2014-11-19$45.86$0.0014.4%4.7%8.7%8.4%0.0%7.8%0.5%1.6K-16.9K-430.0047.50N/AN/A0060
2014-11-20$45.89$0.0014.0%4.7%8.1%7.7%20.5%8.3%0.2%1.6K-17.0K-420.0047.68N/AN/A3060
2014-11-21$46.10$0.0013.5%4.8%7.6%7.0%14.1%4.0%0.6%1.7K-18.0K-410.0048.09N/AN/A3060
2014-11-24$46.41$0.0013.0%4.7%7.5%6.2%0.0%3.0%1.7%1.6K-19.1K-380.0049.93N/AN/A0060
2014-11-25$46.48$0.0013.1%4.7%7.0%6.4%14.5%3.5%1.7%1.6K-19.4K-380.0049.30N/AN/A3060
2014-11-26$46.60$0.0010.8%4.3%6.9%2.7%0.0%0.7%1.8%1.6K-19.8K-360.0051.72N/AN/A0060
2014-11-28$46.58$0.0013.0%4.6%6.9%6.2%0.0%4.9%1.3%1.5K-20.0K-350.0048.64N/AN/A0060