FTC Options History — June 2016

In June 2016, FTC traded between $47.66 and $49.80. ATM implied volatility averaged 15.1%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 4.8% (HV 20d: 10.3%). Max pain ranged from $48.00 to $49.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.38.

Notable Days

2016-06-01: Highest Volume — 67 contracts
2016-06-24: Largest IV spike — 44.0% change
2016-06-27: Highest IV Rank — 26.5%
2016-06-27: Largest Expected Move — 6.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$49.11	$47.66	$49.80	$49.17	$49.80
Max Pain	$48.95	$48.00	$49.00	$48.00	$49.00
ATM IV	15.1%	10.4%	20.8%	12.4%	13.1%
Expected Move	4.3%	3.0%	6.0%	3.6%	3.8%
HV 20d	10.3%	6.9%	15.9%	10.5%	15.9%
HV 60d	10.0%	9.3%	12.1%	9.9%	12.1%
IV Rank	12.8%	1.6%	26.5%	6.3%	8.0%
IV Percentile	35.8%	0.4%	72.2%	10.3%	18.3%
Term Structure	12.4%	-2.5%	37.6%	0.7%	1.3%
VWIV	15.3%	10.1%	23.2%	13.2%	14.6%
Skew 25d	6.2%	1.6%	9.9%	1.6%	3.9%
Skew 10d	6.9%	3.8%	14.6%	4.0%	4.9%
Call IV 25d	13.7%	10.0%	23.0%	12.5%	12.7%
Put IV 25d	20.0%	14.1%	26.2%	14.1%	16.6%
Bid-Ask Spread %	112.47	103.86	137.17	137.17	118.49
Gamma HHI	0.74	0.56	0.94	0.57	0.94
Net GEX	10.3K	1.8K	21.5K	16.5K	2.8K
Net DEX	-96.1K	-186.6K	-4.3K	-142.1K	-16.0K
Net VEX	-93	-223	-25	-223	-26
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.38	0.20	0.57	0.43	0.20
Total Volume	38.455	6	67	67	6
Total OI	42.091	6	68	67	6

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
2016-06-01	$49.17	$48.00	12.4%	3.6%	10.5%	6.3%	13.2%	1.6%	0.7%	16.5K	-142.1K	-223	0.43	137.17	N/A	N/A	47	20	47	20
2016-06-02	$49.31	$49.00	13.1%	3.6%	10.5%	8.1%	13.0%	6.3%	35.6%	17.2K	-153.9K	-199	0.43	113.06	N/A	N/A	47	20	47	20
2016-06-03	$49.29	$49.00	12.9%	3.6%	10.5%	7.5%	12.0%	5.4%	36.6%	18.5K	-157.6K	-181	0.43	112.73	N/A	N/A	47	20	47	20
2016-06-06	$49.23	$49.00	13.8%	3.4%	10.4%	9.7%	11.7%	5.7%	37.6%	16.0K	-150.0K	-190	0.43	114.38	N/A	N/A	47	20	47	20
2016-06-07	$49.40	$49.00	11.3%	3.7%	10.2%	3.6%	12.0%	6.1%	4.9%	16.0K	-169.2K	-151	0.43	113.57	N/A	N/A	47	20	47	20
2016-06-08	$49.61	$49.00	10.4%	3.0%	9.7%	1.6%	10.1%	4.9%	4.2%	14.9K	-186.6K	-122	0.56	115.47	N/A	N/A	36	20	47	20
2016-06-09	$49.77	$49.00	10.9%	3.1%	8.9%	2.7%	11.6%	7.7%	2.2%	12.9K	-186.4K	-116	0.54	117.88	N/A	N/A	37	20	47	20
2016-06-10	$49.30	$49.00	14.9%	4.3%	9.7%	12.3%	14.7%	6.1%	26.9%	16.0K	-158.3K	-148	0.54	109.69	N/A	N/A	37	20	47	20
2016-06-13	$48.93	$49.00	16.4%	4.7%	9.9%	15.8%	15.8%	6.4%	-0.3%	16.9K	-131.6K	-133	0.54	110.30	N/A	N/A	37	20	47	20
2016-06-14	$48.94	$49.00	17.4%	5.0%	9.6%	18.4%	17.3%	5.7%	35.0%	19.0K	-136.6K	-111	0.54	106.61	N/A	N/A	37	20	47	20
2016-06-15	$48.90	$49.00	16.9%	4.8%	9.5%	17.1%	17.8%	8.3%	30.7%	21.5K	-140.7K	-95	0.54	109.67	N/A	N/A	37	20	47	20
2016-06-16	$49.05	$49.00	17.2%	4.9%	8.0%	17.8%	17.1%	8.0%	29.2%	19.2K	-147.3K	-72	0.57	107.19	N/A	N/A	37	21	47	20
2016-06-17	$48.80	$49.00	15.2%	4.4%	8.3%	13.1%	15.2%	5.3%	36.7%	2.3K	-155.5K	-36	0.57	110.07	N/A	N/A	37	21	47	21
2016-06-20	$49.18	$49.00	15.9%	4.6%	8.5%	14.8%	15.3%	6.9%	-0.3%	2.2K	-12.6K	-33	0.20	103.86	N/A	N/A	5	1	5	1
2016-06-21	$49.36	$49.00	16.7%	4.8%	8.5%	16.7%	16.7%	8.3%	-0.7%	2.2K	-12.0K	-34	0.20	110.72	N/A	N/A	5	1	5	1
2016-06-22	$49.13	$49.00	17.1%	4.9%	6.9%	17.7%	17.1%	5.9%	-0.6%	2.2K	-11.7K	-34	0.20	112.45	N/A	N/A	5	1	5	1
2016-06-23	$49.65	$49.00	13.8%	3.9%	7.8%	9.6%	15.6%	8.7%	-2.0%	2.3K	-15.3K	-26	0.20	114.47	N/A	N/A	5	1	5	1
2016-06-24	$48.58	$49.00	19.8%	5.7%	11.2%	24.1%	19.6%	6.2%	-2.5%	2.0K	-8.5K	-30	0.20	107.23	N/A	N/A	5	1	5	1
2016-06-27	$47.66	$49.00	20.8%	6.0%	12.8%	26.5%	23.2%	3.2%	-0.5%	1.8K	-4.3K	-25	0.20	106.13	N/A	N/A	5	1	5	1
2016-06-28	$48.32	$49.00	17.7%	5.1%	13.9%	19.0%	17.9%	9.9%	-1.2%	2.3K	-6.8K	-29	0.20	108.42	N/A	N/A	5	1	5	1
2016-06-29	$49.14	$49.00	14.7%	4.2%	15.2%	11.8%	15.3%	6.9%	-0.1%	3.2K	-12.0K	-25	0.20	114.84	N/A	N/A	5	1	5	1
2016-06-30	$49.80	$49.00	13.1%	3.8%	15.9%	8.0%	14.6%	3.9%	1.3%	2.8K	-16.0K	-26	0.20	118.49	N/A	N/A	5	1	5	1