FTC Options History — August 2015

In August 2015, FTC traded between $45.45 and $50.30. ATM implied volatility averaged 18.8%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 3.5% (HV 20d: 15.2%). Max pain ranged from $48.00 to $49.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.06.

Notable Days

2015-08-14: Highest Volume — 55 contracts
2015-08-24: Largest IV spike — 120.5% change
2015-08-24: Highest IV Rank — 78.6%
2015-08-24: Largest Expected Move — 14.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.86	$45.45	$50.30	$49.86	$47.50
Max Pain	$48.80	$48.00	$49.00	$48.00	$49.00
ATM IV	18.8%	11.1%	51.5%	12.1%	25.8%
Expected Move	5.4%	3.2%	14.8%	3.5%	7.4%
HV 20d	15.2%	11.2%	24.1%	12.9%	24.1%
HV 60d	13.2%	11.4%	17.1%	11.6%	17.0%
IV Rank	17.0%	2.7%	78.6%	4.6%	30.3%
IV Percentile	57.5%	6.0%	99.6%	12.7%	98.8%
Term Structure	-0.9%	-17.4%	2.8%	1.2%	-2.3%
VWIV	25.2%	11.2%	57.1%	11.2%	22.8%
Skew 25d	3.5%	-15.9%	11.5%	3.8%	6.6%
Skew 10d	6.4%	-21.4%	18.7%	2.8%	18.7%
Call IV 25d	19.0%	7.0%	68.7%	8.8%	21.3%
Put IV 25d	22.5%	12.6%	56.4%	12.6%	27.8%
Bid-Ask Spread %	98.16	73.73	163.06	109.86	87.38
Gamma HHI	0.42	0.39	0.47	0.42	0.42
Net GEX	2.1K	-1.9K	3.9K	3.5K	474
Net DEX	-31.8K	-76.3K	46.6K	-58.3K	21.8K
Net VEX	-1.2K	-1.2K	-1.0K	-1.2K	-1.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.06	0.06	0.08	0.06	0.06
Total Volume	46.238	0	55	0	53
Total OI	102.857	102	104	103	102

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2015-08-03	$49.86	$48.00	12.1%	3.5%	12.9%	4.6%	0.0%	3.8%	1.2%	3.5K	-58.3K	-1.2K	0.00	109.86	N/A	N/A	0	0	51	52
2015-08-04	$49.94	$48.00	11.6%	3.3%	12.7%	3.5%	11.2%	5.0%	2.1%	3.8K	-64.6K	-1.2K	0.06	112.89	N/A	N/A	51	3	51	52
2015-08-05	$50.30	$48.00	11.1%	3.2%	11.2%	2.7%	11.2%	5.9%	2.0%	3.6K	-74.7K	-1.2K	0.06	116.79	N/A	N/A	51	3	51	52
2015-08-06	$49.63	$0.00	13.0%	3.8%	12.3%	6.1%	0.0%	5.3%	0.1%	2.6K	-53.3K	-1.2K	0.06	74.22	N/A	N/A	51	3	51	52
2015-08-07	$49.52	$0.00	12.4%	3.9%	11.5%	5.0%	0.0%	3.8%	1.7%	3.0K	-48.1K	-1.2K	0.06	73.73	N/A	N/A	51	3	51	52
2015-08-10	$50.05	$0.00	12.9%	4.1%	11.5%	6.0%	0.0%	6.6%	-0.5%	3.9K	-70.2K	-1.2K	0.06	85.74	N/A	N/A	51	3	51	52
2015-08-11	$49.70	$0.00	12.8%	4.1%	11.7%	5.9%	0.0%	5.4%	-0.0%	3.5K	-54.3K	-1.2K	0.00	80.46	N/A	N/A	0	0	51	52
2015-08-12	$49.66	$0.00	14.0%	4.0%	11.6%	8.1%	0.0%	4.6%	-1.0%	3.3K	-47.7K	-1.2K	0.06	84.49	N/A	N/A	51	3	51	52
2015-08-13	$49.76	$0.00	14.5%	4.2%	11.2%	9.0%	0.0%	6.4%	0.1%	3.7K	-60.5K	-1.2K	0.06	77.94	N/A	N/A	51	3	51	52
2015-08-14	$50.02	$49.00	13.9%	4.0%	11.4%	7.9%	14.8%	5.4%	0.6%	3.3K	-62.2K	-1.2K	0.08	84.16	N/A	N/A	51	4	51	53
2015-08-17	$50.28	$49.00	13.9%	4.0%	11.5%	7.9%	15.3%	6.3%	0.1%	3.2K	-70.7K	-1.2K	0.08	87.08	N/A	N/A	51	4	51	53
2015-08-18	$50.28	$49.00	14.6%	4.2%	11.5%	9.2%	15.6%	6.5%	-0.6%	3.7K	-76.3K	-1.2K	0.08	95.06	N/A	N/A	51	4	51	53
2015-08-19	$50.03	$49.00	14.4%	4.1%	11.6%	8.8%	0.0%	6.9%	0.2%	2.8K	-61.8K	-1.2K	0.00	74.97	N/A	N/A	0	0	50	53
2015-08-20	$48.80	$49.00	17.9%	5.1%	14.6%	15.3%	17.9%	3.8%	0.1%	1.5K	-27.1K	-1.2K	0.08	79.70	N/A	N/A	51	4	50	53
2015-08-21	$47.28	$49.00	23.4%	6.7%	17.9%	25.7%	22.5%	2.7%	-0.7%	230	32.4K	-1.1K	0.08	85.36	N/A	N/A	51	4	50	53
2015-08-24	$45.75	$49.00	51.5%	14.8%	20.8%	78.6%	52.7%	-10.3%	-17.4%	180	7.8K	-1.2K	0.06	163.06	N/A	N/A	50	3	50	52
2015-08-25	$45.45	$49.00	36.3%	10.4%	19.7%	50.1%	57.1%	-15.9%	2.8%	-1.9K	46.6K	-1.0K	0.06	151.33	N/A	N/A	50	3	50	52
2015-08-26	$46.75	$49.00	24.9%	7.1%	22.5%	28.5%	19.2%	7.4%	0.1%	423	31.0K	-1.1K	0.06	104.07	N/A	N/A	50	3	50	52
2015-08-27	$47.71	$49.00	19.1%	5.5%	24.0%	17.6%	44.1%	-3.9%	-5.3%	-906	9.9K	-1.1K	0.06	152.54	N/A	N/A	50	3	50	52
2015-08-28	$47.81	$49.00	23.8%	6.8%	24.0%	26.5%	22.9%	11.5%	-1.9%	716	13.4K	-1.1K	0.06	80.59	N/A	N/A	50	3	50	52
2015-08-31	$47.50	$49.00	25.8%	7.4%	24.1%	30.3%	22.8%	6.6%	-2.3%	474	21.8K	-1.1K	0.06	87.38	N/A	N/A	50	3	50	52