FTC Options History — November 2017

In November 2017, FTC traded between $59.40 and $61.29. ATM implied volatility averaged 12.1%, placing in the 6.5% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded above realized volatility by 5.0% (HV 20d: 7.1%). Max pain ranged from $56.00 to $56.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.21.

Notable Days

2017-11-01: Highest Volume — 40 contracts
2017-11-08: Largest IV drop — 35.2% change
2017-11-07: Highest IV Rank — 12.3%
2017-11-29: Largest Expected Move — 3.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$60.14	$59.40	$61.29	$59.40	$61.12
Max Pain	$56.00	$56.00	$56.00	$56.00	$56.00
ATM IV	12.1%	10.2%	15.7%	13.0%	12.6%
Expected Move	3.3%	2.9%	3.9%	3.7%	3.6%
HV 20d	7.1%	5.2%	9.5%	5.7%	9.5%
HV 60d	7.5%	6.9%	8.8%	8.8%	7.5%
IV Rank	6.5%	3.4%	12.3%	7.9%	7.2%
IV Percentile	33.7%	1.2%	90.1%	53.6%	48.4%
Term Structure	-1.9%	-5.7%	1.5%	-3.0%	-2.7%
VWIV	9.7%	9.7%	9.7%	9.7%	9.7%
Skew 25d	2.0%	-4.5%	6.4%	-4.5%	3.3%
Skew 10d	2.7%	-1.0%	6.0%	2.1%	2.2%
Call IV 25d	11.2%	9.8%	13.6%	13.6%	10.1%
Put IV 25d	13.2%	9.0%	17.3%	9.0%	13.4%
Bid-Ask Spread %	144.11	137.36	150.25	145.37	143.64
Gamma HHI	0.44	0.29	0.75	0.31	0.75
Net GEX	5.6K	2.3K	8.1K	3.5K	6.9K
Net DEX	-114.2K	-146.3K	-86.4K	-117.3K	-102.4K
Net VEX	-170	-236	-92	-236	-92
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.21	0.00	0.33	0.33	0.00
Total Volume	32.381	20	40	40	20
Total OI	32.381	20	40	40	20

Daily Data (21 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
2017-11-01	$59.40	$56.00	13.0%	3.7%	5.7%	7.9%	9.7%	-4.5%	-3.0%	3.5K	-117.3K	-236	0.33	145.37	N/A	N/A	30	10	30	10
2017-11-02	$59.51	$0.00	11.8%	2.9%	5.2%	5.9%	0.0%	4.1%	-0.4%	2.3K	-120.1K	-228	0.33	144.16	N/A	N/A	30	10	30	10
2017-11-03	$59.67	$0.00	12.2%	2.9%	5.2%	6.7%	0.0%	4.1%	-1.8%	4.8K	-120.9K	-231	0.33	149.53	N/A	N/A	30	10	30	10
2017-11-06	$59.82	$0.00	13.8%	2.9%	5.3%	9.1%	0.0%	0.7%	-1.0%	4.9K	-131.9K	-200	0.33	141.01	N/A	N/A	30	10	30	10
2017-11-07	$59.58	$0.00	15.7%	3.0%	5.6%	12.3%	0.0%	-1.4%	-1.3%	4.0K	-125.4K	-208	0.33	141.73	N/A	N/A	30	10	30	10
2017-11-08	$59.88	$0.00	10.2%	2.9%	5.7%	3.4%	0.0%	2.5%	-1.1%	6.0K	-133.7K	-172	0.33	145.44	N/A	N/A	30	10	30	10
2017-11-09	$59.45	$0.00	11.1%	3.2%	6.4%	4.8%	0.0%	1.9%	1.5%	4.1K	-120.0K	-204	0.33	145.50	N/A	N/A	30	10	30	10
2017-11-10	$59.51	$0.00	11.4%	3.3%	6.4%	5.3%	0.0%	5.0%	-1.8%	4.3K	-120.6K	-211	0.33	141.54	N/A	N/A	30	10	30	10
2017-11-13	$59.86	$0.00	11.3%	3.2%	6.7%	5.1%	0.0%	6.4%	-2.4%	5.7K	-124.3K	-190	0.33	137.36	N/A	N/A	30	10	30	10
2017-11-14	$59.88	$0.00	10.8%	3.1%	6.6%	4.5%	0.0%	5.8%	-2.0%	5.2K	-130.9K	-182	0.33	145.03	N/A	N/A	30	10	30	10
2017-11-15	$59.47	$0.00	11.7%	3.4%	7.2%	5.8%	0.0%	2.2%	-0.1%	3.0K	-124.4K	-177	0.33	150.25	N/A	N/A	30	10	30	10
2017-11-16	$60.21	$0.00	11.4%	3.3%	8.3%	5.4%	0.0%	0.9%	-0.7%	5.2K	-144.4K	-145	0.33	144.39	N/A	N/A	30	10	30	10
2017-11-17	$60.10	$0.00	10.4%	3.0%	8.1%	3.8%	0.0%	0.9%	0.7%	8.1K	-146.3K	-141	0.33	143.56	N/A	N/A	30	10	30	10
2017-11-20	$60.37	$0.00	12.8%	3.7%	8.2%	7.5%	0.0%	0.9%	-1.9%	7.7K	-86.4K	-148	0.00	145.39	N/A	N/A	20	0	20	0
2017-11-21	$60.84	$0.00	11.6%	3.3%	8.5%	5.6%	0.0%	-0.5%	-2.2%	7.1K	-89.7K	-148	0.00	138.43	N/A	N/A	20	0	20	0
2017-11-22	$60.70	$0.00	10.9%	3.1%	8.1%	4.5%	0.0%	1.9%	-1.8%	7.4K	-90.8K	-139	0.00	148.00	N/A	N/A	20	0	20	0
2017-11-24	$60.93	$0.00	11.6%	3.3%	8.2%	5.7%	0.0%	3.1%	-4.1%	7.2K	-93.1K	-130	0.00	141.35	N/A	N/A	20	0	20	0
2017-11-27	$60.85	$0.00	12.6%	3.6%	7.9%	7.3%	0.0%	3.7%	-5.7%	6.5K	-90.2K	-138	0.00	141.42	N/A	N/A	20	0	20	0
2017-11-28	$61.29	$0.00	13.6%	3.9%	7.9%	8.8%	0.0%	0.6%	-4.0%	6.5K	-96.2K	-122	0.00	144.10	N/A	N/A	20	0	20	0
2017-11-29	$60.58	$0.00	13.6%	3.9%	9.1%	8.9%	0.0%	1.4%	-3.2%	7.8K	-89.2K	-132	0.00	149.07	N/A	N/A	20	0	20	0
2017-11-30	$61.12	$0.00	12.6%	3.6%	9.5%	7.2%	0.0%	3.3%	-2.7%	6.9K	-102.4K	-92	0.00	143.64	N/A	N/A	20	0	20	0