FTC Options History — July 2016

In July 2016, FTC traded between $49.98 and $51.58. ATM implied volatility averaged 12.8%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded below realized volatility by 1.7% (HV 20d: 14.5%). Max pain ranged from $49.00 to $49.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.76.

Notable Days

  • 2016-07-22: Highest Volume — 81 contracts
  • 2016-07-25: Largest IV spike — 40.0% change
  • 2016-07-11: Highest IV Rank — 19.7%
  • 2016-07-05: Largest Expected Move — 4.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.06$49.98$51.58$50.00$51.58
Max Pain$49.00$49.00$49.00$49.00$49.00
ATM IV12.8%9.0%18.0%12.2%11.2%
Expected Move3.5%2.6%4.2%3.5%3.2%
HV 20d14.5%7.9%16.8%16.0%7.9%
HV 60d12.0%11.8%12.2%11.9%11.8%
IV Rank7.8%0.0%19.7%5.9%5.2%
IV Percentile18.0%0.0%58.7%8.3%4.4%
Term Structure13.7%-1.5%44.9%1.0%-1.5%
VWIV13.4%13.4%13.4%13.4%13.4%
Skew 25d2.8%-0.5%7.9%0.5%2.4%
Skew 10d3.5%0.1%9.0%3.2%4.9%
Call IV 25d12.3%9.2%14.6%13.0%11.6%
Put IV 25d15.1%12.3%20.7%13.5%14.0%
Bid-Ask Spread %119.9398.11130.10122.25123.85
Gamma HHI0.860.511.000.950.95
Net GEX-68-2.7K3.0K2.9K-2.4K
Net DEX6.6K-23.7K47.0K-18.3K21.6K
Net VEX-201-6690-22-638
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.201.700.201.70
Total Volume30.5181681
Total OI25.75181681

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2016-07-01$50.00$49.0012.2%3.5%16.0%5.9%13.4%0.5%1.0%2.9K-18.3K-220.20122.25N/AN/A5151
2016-07-05$49.98$0.0015.4%4.2%16.0%13.5%0.0%7.9%3.9%3.0K-18.5K-200.2098.11N/AN/A5151
2016-07-06$50.13$0.0015.4%4.2%16.0%13.5%0.0%5.8%37.7%3.0K-19.0K-160.20107.55N/AN/A5151
2016-07-07$50.17$0.0015.9%4.2%15.9%14.8%0.0%3.4%40.0%2.7K-18.8K-180.20109.97N/AN/A5151
2016-07-08$50.99$0.0013.7%3.6%16.8%9.5%0.0%3.9%-0.2%959-23.7K-90.20105.47N/AN/A5151
2016-07-11$51.13$0.0018.0%3.5%16.4%19.7%0.0%3.1%44.9%325-8.5K-90.20124.09N/AN/A5121
2016-07-12$51.16$0.0017.5%3.5%16.0%18.6%0.0%4.1%42.5%46-9.1K-50.20116.45N/AN/A5121
2016-07-13$51.23$0.0012.2%3.5%16.0%5.8%0.0%2.2%15.5%46-9.2K-70.20119.03N/AN/A5121
2016-07-14$51.31$0.0012.6%3.6%15.9%6.8%0.0%2.0%40.6%14-8.9K-90.20116.31N/AN/A5121
2016-07-15$51.18$0.0011.0%3.2%16.0%3.0%0.0%2.6%36.8%-48-8.8K-90.20122.98N/AN/A5121
2016-07-18$51.21$0.0011.6%3.3%15.8%4.5%0.0%3.3%1.1%-571.3K-80.00124.37N/AN/A0101
2016-07-19$51.22$0.0011.6%3.3%15.7%4.4%0.0%2.3%0.9%0000.00121.38N/AN/A02101
2016-07-20$51.49$0.0011.5%3.3%15.7%4.3%0.0%2.8%1.6%-1.5K47.0K-2120.00130.10N/AN/A021021
2016-07-21$51.12$0.0011.9%3.4%15.9%5.1%0.0%-0.5%1.6%-1.5K46.9K-2110.00127.66N/AN/A021021
2016-07-22$51.51$0.009.0%2.6%15.7%0.0%0.0%5.6%1.5%-1.6K46.9K-2101.70126.11N/AN/A3051021
2016-07-25$51.45$0.0012.6%3.6%13.1%8.5%0.0%0.5%3.2%-1.5K26.6K-6691.70124.44N/AN/A30513051
2016-07-26$51.56$0.0011.3%3.2%10.2%5.3%0.0%1.2%-1.5%-1.5K22.7K-6561.70123.26N/AN/A30513051
2016-07-27$51.22$0.0011.4%3.3%10.2%5.6%0.0%0.1%2.4%-1.5K35.5K-6581.70128.38N/AN/A30513051
2016-07-28$51.51$0.009.8%2.8%8.9%1.9%0.0%2.3%1.3%-2.7K26.9K-6411.70126.93N/AN/A30513051
2016-07-29$51.58$0.0011.2%3.2%7.9%5.2%0.0%2.4%-1.5%-2.4K21.6K-6381.70123.85N/AN/A30513051