FTC Options History — January 2016

In January 2016, FTC traded between $44.31 and $47.59. ATM implied volatility averaged 24.3%, placing in the 34.1% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 5.5% (HV 20d: 18.8%). Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 0.25.

Notable Days

  • 2016-01-04: Highest Volume — 20 contracts
  • 2016-01-07: Largest IV spike — 19.4% change
  • 2016-01-08: Highest IV Rank — 43.5%
  • 2016-01-20: Largest Expected Move — 7.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.42$44.31$47.59$47.29$44.97
ATM IV24.3%20.9%28.2%24.1%22.2%
Expected Move6.7%5.4%7.9%6.0%6.4%
HV 20d18.8%16.6%20.5%18.3%20.5%
HV 60d15.9%14.4%17.2%14.5%17.2%
IV Rank34.1%25.8%43.5%33.6%28.9%
IV Percentile91.8%83.7%97.6%94.8%83.7%
Term Structure8.1%-2.9%35.1%30.3%-0.2%
Skew 25d6.0%0.9%11.7%5.1%9.0%
Skew 10d8.7%3.4%14.8%6.9%3.4%
Call IV 25d19.3%13.3%23.8%16.4%18.9%
Put IV 25d25.3%21.5%30.3%21.5%27.9%
Bid-Ask Spread %96.6485.38108.5293.26108.52
Gamma HHI0.800.321.000.371.00
Net GEX-10.1K-37.1K-145-10.8K-213
Net DEX70.7K5.1K236.9K45.1K5.5K
Net VEX-85-252-24-252-24
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.250.250.250.250.25
Total Volume11120201
Total OI65.10531211213

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-01-04$47.29$0.0024.1%6.0%18.3%33.6%0.0%5.1%30.3%-10.8K45.1K-2520.2593.26N/AN/A1646655
2016-01-05$47.59$0.0020.9%5.4%16.6%25.8%0.0%9.1%2.2%-6.8K39.4K-2130.2585.38N/AN/A1646655
2016-01-06$47.07$0.0022.0%5.9%16.9%28.4%0.0%2.2%35.1%-14.6K60.9K-2060.2588.95N/AN/A1646655
2016-01-07$46.34$0.0026.3%6.5%17.5%38.7%0.0%7.6%7.4%-17.7K109.1K-1870.2592.20N/AN/A1646655
2016-01-08$45.61$0.0028.2%6.5%17.6%43.5%0.0%1.3%4.2%-21.4K137.7K-1590.2592.67N/AN/A1646655
2016-01-11$45.82$0.0027.2%7.2%17.7%40.9%0.0%0.9%3.2%-30.8K158.5K-1150.2597.61N/AN/A1646655
2016-01-12$46.17$0.0024.4%6.5%17.4%34.3%0.0%4.7%6.8%-37.1K135.3K-1050.2591.26N/AN/A1646655
2016-01-13$44.89$0.0024.1%6.9%19.5%33.4%0.0%1.3%5.7%-19.1K171.5K-840.25100.52N/AN/A1646655
2016-01-14$45.37$0.0023.8%6.8%19.7%32.6%0.0%6.5%29.0%-31.0K199.2K-550.25102.06N/AN/A1646655
2016-01-15$44.55$0.0025.7%7.4%19.1%37.4%0.0%3.3%32.7%-199236.9K-260.2590.83N/AN/A1646655
2016-01-19$44.80$0.0023.8%6.8%19.2%32.8%0.0%6.3%1.2%-1945.3K-250.0092.23N/AN/A0103
2016-01-20$44.31$0.0027.7%7.9%18.8%42.3%0.0%11.7%-2.9%-3175.8K-250.0094.77N/AN/A0103
2016-01-21$44.45$0.0026.1%7.5%18.8%38.4%0.0%9.5%0.1%-1775.7K-250.0095.13N/AN/A0103
2016-01-22$45.17$0.0023.0%6.6%19.7%30.8%0.0%6.4%-0.7%-5075.1K-250.00101.77N/AN/A0103
2016-01-25$44.62$0.0023.5%6.7%19.6%32.1%0.0%8.8%0.1%-3735.3K-240.0095.86N/AN/A0103
2016-01-26$45.01$0.0022.7%6.5%20.1%30.1%0.0%8.5%0.5%-1725.6K-250.00103.61N/AN/A0103
2016-01-27$44.39$0.0024.5%7.0%20.4%34.4%0.0%6.3%-1.2%-1455.3K-240.00106.78N/AN/A0103
2016-01-28$44.51$0.0022.3%6.4%19.8%29.2%0.0%5.6%-0.2%-4726.4K-240.00102.87N/AN/A0103
2016-01-29$44.97$0.0022.2%6.4%20.5%28.9%0.0%9.0%-0.2%-2135.5K-240.00108.52N/AN/A0103