FTC Options History — December 2014

In December 2014, FTC traded between $44.75 and $47.17. ATM implied volatility averaged 15.3%, placing in the 9.9% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 3.9% (HV 20d: 11.4%). Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 21 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2014-12-01: Highest Volume — 3 contracts
  • 2014-12-10: Largest IV spike — 57.7% change
  • 2014-12-16: Highest IV Rank — 18.2%
  • 2014-12-16: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.40$44.75$47.17$46.11$46.46
ATM IV15.3%11.8%20.6%15.4%18.4%
Expected Move5.0%4.1%6.4%4.9%5.6%
HV 20d11.4%6.8%15.3%7.2%15.0%
HV 60d15.9%15.3%16.7%15.5%16.1%
IV Rank9.9%4.4%18.2%10.0%14.7%
IV Percentile59.9%25.4%88.5%69.4%82.9%
Term Structure1.5%-1.5%3.6%0.7%0.5%
VWIV19.1%14.7%25.6%14.7%17.4%
Skew 25d6.7%1.7%10.4%3.3%7.2%
Skew 10d11.4%2.1%21.5%2.3%11.2%
Call IV 25d11.8%7.8%18.7%12.6%12.7%
Put IV 25d18.5%12.1%25.9%15.8%19.9%
Bid-Ask Spread %57.9243.0183.3148.5871.72
Gamma HHI0.990.761.001.000.76
Net GEX1.7K1.4K3.0K1.6K2.0K
Net DEX-20.5K-26.9K-12.5K-17.8K-25.7K
Net VEX-27-45-6-37-45
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.5450330
Total OI6.0916868

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-12-01$46.11$0.0015.4%4.9%7.2%10.0%14.7%3.3%0.7%1.6K-17.8K-370.0048.58N/AN/A3060
2014-12-02$46.37$0.0014.8%4.8%7.3%9.1%14.7%4.9%0.7%1.7K-19.1K-350.0046.70N/AN/A3060
2014-12-03$46.64$0.0013.1%4.5%7.3%6.4%15.2%5.8%0.3%1.5K-20.3K-330.0049.36N/AN/A3060
2014-12-04$46.65$0.0012.6%4.6%7.3%5.6%0.0%1.7%0.8%1.6K-20.6K-310.0051.27N/AN/A0060
2014-12-05$46.74$0.0012.3%4.5%6.8%5.1%15.1%4.4%2.9%1.6K-21.1K-310.0054.55N/AN/A3060
2014-12-08$46.51$0.0011.8%4.7%7.0%4.4%15.5%5.0%3.3%1.6K-19.9K-310.0048.86N/AN/A3060
2014-12-09$46.51$0.0012.4%4.7%6.9%5.2%15.7%9.9%2.7%1.6K-19.6K-310.0049.57N/AN/A3060
2014-12-10$45.83$0.0019.5%5.4%8.9%16.5%22.6%7.1%1.3%1.7K-16.9K-340.0053.91N/AN/A3060
2014-12-11$46.19$0.0018.1%5.5%9.3%14.2%16.4%9.6%1.2%1.6K-17.9K-330.0045.23N/AN/A3060
2014-12-12$45.51$0.0019.3%5.8%10.8%16.2%25.2%7.4%0.9%1.7K-15.5K-340.0044.40N/AN/A3060
2014-12-15$45.29$0.0020.0%6.2%10.9%17.2%24.8%8.3%2.0%1.7K-14.7K-320.0043.01N/AN/A3060
2014-12-16$44.75$0.0020.6%6.4%11.7%18.2%25.4%7.1%0.3%1.8K-12.5K-310.0045.64N/AN/A3060
2014-12-17$45.69$0.0017.4%5.6%13.5%13.1%25.6%10.4%2.2%1.8K-16.0K-310.0047.06N/AN/A3060
2014-12-18$46.57$0.0013.0%5.1%15.1%6.1%17.4%9.5%3.6%3.0K-22.5K-200.0049.13N/AN/A3060
2014-12-19$46.88$0.0014.1%5.0%15.3%7.9%0.0%8.9%3.4%1.6K-21.2K-250.0052.02N/AN/A0060
2014-12-22$46.94$0.0014.6%4.4%15.2%8.7%0.0%7.9%0.7%1.7K-22.1K-220.0068.55N/AN/A3060
2014-12-23$46.91$0.0013.9%4.4%15.0%7.7%0.0%7.6%1.5%1.6K-22.4K-200.0076.64N/AN/A3060
2014-12-24$46.98$0.0013.7%4.4%15.0%7.3%0.0%6.4%1.4%1.4K-25.3K-130.0083.31N/AN/A3060
2014-12-26$47.17$0.0013.4%4.4%15.1%6.8%0.0%6.5%2.1%1.5K-26.7K-70.0081.22N/AN/A3060
2014-12-29$47.16$0.0014.1%4.4%15.1%8.0%0.0%6.2%1.6%1.5K-26.9K-60.0081.33N/AN/A3060
2014-12-30$46.88$0.0014.4%4.1%14.8%8.3%0.0%2.6%-1.5%1.5K-25.5K-110.0082.20N/AN/A2060
2014-12-31$46.46$0.0018.4%5.6%15.0%14.7%0.0%7.2%0.5%2.0K-25.7K-450.0071.72N/AN/A0080