FTC Options History — October 2015

In October 2015, FTC traded between $45.43 and $48.87. ATM implied volatility averaged 18.8%, placing in the 21.6% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 1.2% (HV 20d: 20.0%). Max pain ranged from $47.00 to $47.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.25.

Notable Days

2015-10-01: Highest Volume — 66 contracts
2015-10-08: Largest IV spike — 124.3% change
2015-10-08: Highest IV Rank — 69.8%
2015-10-08: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.69	$45.43	$48.87	$45.43	$48.78
Max Pain	$47.00	$47.00	$47.00	$47.00	$47.00
ATM IV	18.8%	12.9%	38.9%	25.6%	15.0%
Expected Move	5.0%	3.7%	8.4%	7.3%	4.3%
HV 20d	20.0%	11.9%	23.3%	21.3%	11.9%
HV 60d	21.6%	20.9%	21.9%	20.9%	21.5%
IV Rank	21.6%	7.5%	69.8%	38.0%	12.7%
IV Percentile	66.5%	18.3%	99.6%	97.6%	54.0%
Term Structure	0.7%	-5.1%	2.6%	-1.2%	0.8%
VWIV	21.2%	20.8%	21.5%	21.5%	20.8%
Skew 25d	5.6%	0.1%	13.0%	4.5%	5.3%
Skew 10d	7.4%	-0.5%	20.9%	8.6%	4.8%
Call IV 25d	15.2%	10.4%	21.8%	21.8%	12.6%
Put IV 25d	20.8%	16.8%	33.4%	26.2%	17.9%
Bid-Ask Spread %	125.05	66.16	154.34	92.28	150.74
Gamma HHI	0.39	0.32	0.46	0.36	0.46
Net GEX	3.4K	340	7.0K	1.4K	5.2K
Net DEX	14.1K	-11.9K	78.9K	78.9K	-10.0K
Net VEX	-890	-973	-823	-900	-851
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.25	0.06	0.40	0.06	0.40
Total Volume	32.091	0	66	66	14
Total OI	111.182	105	117	117	105

Daily Data (22 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
2015-10-01	$45.43	$47.00	25.6%	7.3%	21.3%	38.0%	21.5%	4.5%	-1.2%	1.4K	78.9K	-900	0.06	92.28	N/A	N/A	62	4	62	55
2015-10-02	$46.51	$47.00	19.9%	5.7%	22.9%	24.3%	20.8%	10.0%	-0.1%	3.5K	56.5K	-920	0.06	95.42	N/A	N/A	62	4	62	55
2015-10-05	$47.22	$0.00	19.5%	5.7%	23.3%	23.4%	0.0%	7.2%	0.2%	6.6K	18.4K	-973	0.00	86.10	N/A	N/A	0	0	62	55
2015-10-06	$46.59	$0.00	18.7%	5.5%	22.2%	21.4%	0.0%	4.3%	0.4%	4.9K	45.3K	-943	0.06	66.16	N/A	N/A	62	4	62	55
2015-10-07	$46.91	$0.00	17.3%	5.4%	21.7%	18.2%	0.0%	4.0%	-1.1%	6.9K	31.8K	-938	0.06	76.98	N/A	N/A	62	4	62	55
2015-10-08	$47.37	$0.00	38.9%	8.4%	22.0%	69.8%	0.0%	13.0%	-5.1%	2.2K	16.8K	-918	0.06	148.16	N/A	N/A	62	4	62	55
2015-10-09	$47.48	$0.00	25.0%	5.1%	21.9%	36.7%	0.0%	3.2%	1.1%	5.7K	-488	-946	0.06	123.08	N/A	N/A	62	4	62	55
2015-10-12	$47.82	$0.00	19.0%	4.7%	22.0%	22.1%	0.0%	1.8%	0.3%	7.0K	-11.9K	-925	0.06	120.73	N/A	N/A	62	4	62	55
2015-10-13	$47.43	$0.00	31.7%	4.8%	21.6%	52.7%	0.0%	0.1%	2.6%	5.7K	-4.1K	-930	0.18	112.53	N/A	N/A	22	4	62	55
2015-10-14	$47.00	$0.00	18.4%	5.3%	21.6%	20.8%	0.0%	3.6%	1.3%	6.8K	25.2K	-888	0.18	131.21	N/A	N/A	22	4	62	55
2015-10-15	$47.53	$0.00	13.5%	3.9%	22.1%	9.1%	0.0%	7.8%	1.9%	573	18.8K	-883	0.18	125.50	N/A	N/A	22	4	58	55
2015-10-16	$47.82	$0.00	15.0%	4.3%	21.6%	12.6%	0.0%	6.2%	2.0%	494	-7.3K	-881	0.18	131.00	N/A	N/A	22	4	58	55
2015-10-19	$48.03	$0.00	15.9%	4.6%	21.7%	14.9%	0.0%	6.0%	0.9%	752	22.7K	-875	0.40	146.00	N/A	N/A	10	4	50	55
2015-10-20	$47.90	$0.00	15.1%	4.3%	20.6%	13.0%	0.0%	5.0%	0.9%	1.4K	19.8K	-865	0.40	135.78	N/A	N/A	10	4	50	55
2015-10-21	$47.75	$0.00	15.1%	4.3%	20.6%	13.0%	0.0%	3.7%	1.6%	668	16.3K	-895	0.40	141.00	N/A	N/A	10	4	50	55
2015-10-22	$48.27	$0.00	16.0%	4.6%	20.6%	15.0%	0.0%	4.4%	1.4%	340	5.1K	-869	0.40	143.88	N/A	N/A	10	4	50	55
2015-10-23	$48.50	$0.00	14.8%	4.3%	20.6%	12.2%	0.0%	5.6%	2.4%	1.9K	6.9K	-838	0.40	140.35	N/A	N/A	10	4	50	55
2015-10-26	$48.62	$0.00	12.9%	3.7%	16.1%	7.5%	0.0%	7.1%	1.4%	3.3K	-53	-843	0.40	146.24	N/A	N/A	10	4	50	55
2015-10-27	$48.48	$0.00	16.3%	4.7%	15.8%	15.7%	0.0%	7.5%	2.6%	2.6K	1.6K	-846	0.40	141.87	N/A	N/A	10	4	50	55
2015-10-28	$48.87	$0.00	14.4%	4.1%	14.3%	11.2%	0.0%	6.1%	0.4%	2.9K	-9.4K	-823	0.40	141.74	N/A	N/A	10	4	50	55
2015-10-29	$48.84	$0.00	14.5%	4.2%	13.9%	11.5%	0.0%	6.4%	0.8%	4.3K	-10.3K	-829	0.40	154.34	N/A	N/A	10	4	50	55
2015-10-30	$48.78	$0.00	15.0%	4.3%	11.9%	12.7%	0.0%	5.3%	0.8%	5.2K	-10.0K	-851	0.40	150.74	N/A	N/A	10	4	50	55