FTC Options History — March 2018

In March 2018, FTC traded between $62.54 and $67.24. ATM implied volatility averaged 16.7%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded below realized volatility by 1.8% (HV 20d: 18.5%). Max pain ranged from $62.00 to $62.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.35.

Notable Days

2018-03-21: Highest Volume — 38 contracts
2018-03-14: Largest IV drop — 54.1% change
2018-03-13: Highest IV Rank — 19.1%
2018-03-27: Largest Expected Move — 6.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$65.19	$62.54	$67.24	$63.71	$63.80
Max Pain	$62.00	$62.00	$62.00	$62.00	$62.00
ATM IV	16.7%	10.9%	29.0%	17.2%	17.7%
Expected Move	4.3%	3.1%	6.3%	4.9%	5.1%
HV 20d	18.5%	13.0%	24.4%	24.2%	24.2%
HV 60d	17.0%	15.7%	20.5%	15.8%	20.5%
IV Rank	7.9%	2.6%	19.1%	8.4%	8.8%
IV Percentile	79.0%	13.9%	99.2%	92.5%	91.7%
Term Structure	-0.0%	-3.0%	1.8%	-1.0%	-1.7%
VWIV	15.7%	13.5%	22.3%	13.5%	19.6%
Skew 25d	4.1%	-1.6%	9.7%	-1.4%	5.9%
Skew 10d	7.4%	-1.0%	14.6%	8.6%	8.9%
Call IV 25d	14.6%	10.0%	21.8%	20.3%	17.5%
Put IV 25d	18.7%	13.8%	24.9%	18.9%	23.4%
Bid-Ask Spread %	113.87	100.72	126.17	123.61	126.17
Gamma HHI	0.41	0.24	0.60	0.55	0.29
Net GEX	1.9K	-1.8K	8.1K	1.7K	8.1K
Net DEX	-56.2K	-105.3K	-19.7K	-19.7K	-85.5K
Net VEX	-213	-510	-57	-124	-479
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.35	0.15	0.50	0.50	0.15
Total Volume	23.524	15	38	15	38
Total OI	22.429	15	38	15	38

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
2018-03-01	$63.71	$0.00	17.2%	4.9%	24.2%	8.4%	0.0%	-1.4%	-1.0%	1.7K	-19.7K	-124	0.50	123.61	N/A	N/A	10	5	10	5
2018-03-02	$64.24	$0.00	16.3%	4.7%	24.4%	7.5%	0.0%	9.7%	-1.5%	1.4K	-22.1K	-118	0.50	114.89	N/A	N/A	10	5	10	5
2018-03-05	$64.88	$62.00	12.9%	3.8%	23.7%	4.4%	13.5%	7.6%	0.4%	469	-27.1K	-116	0.50	108.20	N/A	N/A	10	5	10	5
2018-03-06	$65.32	$62.00	15.0%	4.0%	20.1%	6.4%	14.8%	8.7%	0.7%	287	-31.4K	-110	0.50	112.69	N/A	N/A	10	5	10	5
2018-03-07	$65.72	$62.00	13.6%	3.7%	20.0%	5.1%	15.0%	1.9%	1.8%	411	-36.7K	-96	0.50	100.72	N/A	N/A	10	5	10	5
2018-03-08	$65.83	$62.00	15.8%	3.7%	20.0%	7.1%	13.5%	3.2%	0.8%	-438	-39.6K	-95	0.50	102.33	N/A	N/A	10	5	10	5
2018-03-09	$67.13	$62.00	15.7%	3.5%	14.1%	7.0%	14.2%	6.0%	1.3%	-1.6K	-50.4K	-71	0.50	101.62	N/A	N/A	10	5	10	5
2018-03-12	$67.24	$62.00	23.6%	3.4%	13.9%	14.2%	16.5%	1.5%	1.8%	-1.8K	-54.0K	-57	0.50	110.67	N/A	N/A	10	5	10	5
2018-03-13	$66.59	$62.00	29.0%	3.9%	14.3%	19.1%	13.7%	3.5%	-1.4%	-906	-48.9K	-73	0.38	111.40	N/A	N/A	13	5	10	5
2018-03-14	$66.46	$62.00	13.3%	3.8%	14.4%	4.8%	14.1%	4.1%	0.8%	101	-55.7K	-119	0.38	113.73	N/A	N/A	13	5	13	5
2018-03-15	$66.37	$62.00	12.8%	3.7%	13.4%	4.4%	14.0%	3.7%	1.3%	-381	-56.1K	-110	0.38	117.52	N/A	N/A	13	5	13	5
2018-03-16	$66.62	$62.00	10.9%	3.1%	13.0%	2.6%	14.2%	4.5%	1.7%	-358	-57.5K	-107	0.38	122.11	N/A	N/A	13	5	13	5
2018-03-19	$65.78	$62.00	13.3%	3.8%	14.0%	4.8%	14.4%	0.8%	0.4%	334	-48.0K	-114	0.38	115.51	N/A	N/A	13	5	13	5
2018-03-20	$66.21	$62.00	12.8%	3.7%	14.0%	4.4%	14.3%	2.9%	0.3%	-297	-53.7K	-105	0.38	120.64	N/A	N/A	13	5	13	5
2018-03-21	$66.23	$62.00	13.0%	3.7%	14.0%	4.5%	15.0%	6.1%	-2.0%	-530	-55.8K	-108	0.15	114.78	N/A	N/A	33	5	13	5
2018-03-22	$64.20	$62.00	17.1%	4.9%	18.1%	8.2%	15.6%	2.3%	1.3%	5.9K	-105.3K	-510	0.15	116.77	N/A	N/A	33	5	33	5
2018-03-23	$62.61	$62.00	20.2%	5.8%	19.5%	11.1%	19.8%	-1.6%	-2.2%	7.0K	-82.2K	-508	0.15	106.91	N/A	N/A	33	5	33	5
2018-03-26	$64.46	$62.00	18.2%	5.2%	22.0%	9.3%	15.1%	8.6%	-0.4%	6.7K	-99.6K	-490	0.15	114.21	N/A	N/A	33	5	33	5
2018-03-27	$62.95	$62.00	21.9%	6.3%	23.4%	12.6%	17.9%	5.7%	-3.0%	6.7K	-77.5K	-485	0.15	120.71	N/A	N/A	33	5	33	5
2018-03-28	$62.54	$62.00	19.4%	5.6%	23.4%	10.3%	22.3%	3.0%	-0.2%	7.5K	-73.9K	-480	0.15	116.08	N/A	N/A	33	5	33	5
2018-03-29	$63.80	$62.00	17.7%	5.1%	24.2%	8.8%	19.6%	5.9%	-1.7%	8.1K	-85.5K	-479	0.15	126.17	N/A	N/A	33	5	33	5