FTC Options History — February 2016

In February 2016, FTC traded between $42.59 and $46.03. ATM implied volatility averaged 24.0%, placing in the 33.3% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 1.9% (HV 20d: 22.1%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.24.

Notable Days

  • 2016-02-26: Highest Volume — 42 contracts
  • 2016-02-08: Largest IV spike — 24.3% change
  • 2016-02-09: Highest IV Rank — 50.7%
  • 2016-02-11: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.57$42.59$46.03$45.85$45.75
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV24.0%20.7%31.2%20.7%21.0%
Expected Move6.9%5.9%8.7%5.9%6.0%
HV 20d22.1%21.3%23.4%22.1%21.4%
HV 60d19.1%17.8%19.9%17.8%19.7%
IV Rank33.3%25.3%50.7%25.3%26.0%
IV Percentile85.6%74.2%98.4%80.2%74.2%
Term Structure7.8%-4.9%45.5%0.1%-0.6%
VWIV21.9%20.3%24.4%22.0%22.0%
Skew 25d7.8%2.4%16.7%9.0%6.4%
Skew 10d8.7%1.9%22.3%4.3%3.8%
Call IV 25d19.7%14.0%24.5%16.0%19.7%
Put IV 25d27.4%20.7%33.8%25.0%26.1%
Bid-Ask Spread %94.5974.34111.61108.46106.04
Gamma HHI0.480.281.001.000.51
Net GEX1.7K-3273.3K-205798
Net DEX-8.8K-26.2K5.9K5.9K-1.5K
Net VEX-71-253-23-23-253
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.240.091.000.101.00
Total Volume13.9142142
Total OI13.8344344

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-02-01$45.85$0.0020.7%5.9%22.1%25.3%0.0%9.0%0.1%-2055.9K-230.00108.46N/AN/A0103
2016-02-02$44.93$0.0021.8%6.3%21.8%28.0%0.0%3.8%0.4%-3275.2K-230.00109.72N/AN/A0103
2016-02-03$44.88$0.0020.9%6.0%21.5%25.8%0.0%3.1%1.6%-2925.1K-230.10103.95N/AN/A10103
2016-02-04$44.73$45.0022.4%6.6%21.3%29.3%22.0%4.8%3.2%1.8K-13.6K-830.1083.79N/AN/A101103
2016-02-05$43.51$45.0022.2%7.1%22.7%28.8%21.4%4.2%1.0%1.6K-8.5K-740.1076.74N/AN/A101103
2016-02-08$42.59$45.0027.6%7.4%23.2%41.9%22.8%7.1%6.6%1.3K-2.1K-610.2083.49N/AN/A102103
2016-02-09$42.92$45.0031.2%8.0%23.4%50.7%23.7%8.1%45.5%1.3K-3.5K-680.2074.34N/AN/A102104
2016-02-10$43.17$45.0027.9%8.0%23.3%42.6%23.3%7.7%39.8%1.3K-4.4K-680.2079.40N/AN/A102104
2016-02-11$42.79$45.0030.3%8.7%21.5%48.6%24.4%9.4%-4.9%805-399-620.2080.64N/AN/A102104
2016-02-12$43.36$45.0029.1%8.4%21.7%45.7%20.4%12.8%42.6%1.3K-4.0K-670.2084.01N/AN/A102104
2016-02-16$44.17$45.0026.5%7.6%22.0%39.3%22.3%10.3%0.4%1.8K-7.3K-660.2087.73N/AN/A102104
2016-02-17$44.95$45.0023.5%6.7%22.8%32.1%22.4%16.7%9.6%2.3K-12.9K-710.1886.94N/AN/A112104
2016-02-18$44.67$45.0023.2%6.6%22.6%31.2%21.9%8.5%1.8%2.7K-13.8K-740.18101.72N/AN/A112114
2016-02-19$44.92$45.0022.9%6.6%22.7%30.5%20.9%9.5%10.4%2.8K-13.0K-710.1897.02N/AN/A112114
2016-02-22$45.48$45.0021.8%6.2%22.4%27.9%20.3%10.5%-0.0%3.0K-19.7K-700.09109.35N/AN/A111113
2016-02-23$45.29$45.0021.9%6.3%21.9%28.2%20.7%4.3%0.4%3.0K-18.7K-700.09103.02N/AN/A111113
2016-02-24$45.44$45.0022.6%6.5%21.8%29.8%20.8%11.4%-2.1%3.3K-18.2K-670.09101.35N/AN/A111113
2016-02-25$46.03$45.0021.6%6.2%21.5%27.5%21.7%5.4%-0.1%3.2K-24.0K-660.09102.46N/AN/A111113
2016-02-26$46.02$45.0021.2%6.1%21.5%26.5%21.3%2.4%-0.2%3.2K-26.2K-641.00111.61N/AN/A2121113
2016-02-29$45.75$45.0021.0%6.0%21.4%26.0%22.0%6.4%-0.6%798-1.5K-2531.00106.04N/AN/A21212123