FTC Options History — April 2018

In April 2018, FTC traded between $62.00 and $65.76. ATM implied volatility averaged 15.5%, placing in the 6.8% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded below realized volatility by 10.9% (HV 20d: 26.3%). Max pain ranged from $62.00 to $62.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 0.11.

Notable Days

2018-04-02: Highest Volume — 38 contracts
2018-04-06: Largest IV spike — 29.5% change
2018-04-02: Highest IV Rank — 12.2%
2018-04-02: Largest Expected Move — 6.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$63.83	$62.00	$65.76	$62.00	$63.76
Max Pain	$62.00	$62.00	$62.00	$62.00	$62.00
ATM IV	15.5%	12.2%	21.4%	21.4%	13.2%
Expected Move	4.4%	3.5%	6.1%	6.1%	3.8%
HV 20d	26.3%	19.5%	29.3%	26.0%	19.5%
HV 60d	22.4%	21.2%	23.2%	21.2%	23.2%
IV Rank	6.8%	3.8%	12.2%	12.2%	4.7%
IV Percentile	75.3%	43.7%	96.4%	96.4%	59.5%
Term Structure	0.3%	-1.7%	3.1%	-1.7%	-1.5%
VWIV	19.5%	17.6%	21.1%	21.1%	17.6%
Skew 25d	3.5%	-3.0%	8.1%	-1.6%	2.9%
Skew 10d	4.5%	-3.0%	13.1%	3.2%	-3.0%
Call IV 25d	14.4%	8.8%	21.3%	21.3%	13.7%
Put IV 25d	17.9%	11.2%	28.5%	19.7%	16.6%
Bid-Ask Spread %	115.80	95.06	130.95	114.52	129.56
Gamma HHI	0.34	0.27	0.40	0.32	0.39
Net GEX	7.9K	5.4K	11.1K	8.6K	5.7K
Net DEX	-96.1K	-149.7K	-57.3K	-57.3K	-67.1K
Net VEX	-408	-459	-369	-449	-369
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.11	0.00	0.15	0.15	0.00
Total Volume	33.714	23	38	38	23
Total OI	31.81	23	38	38	23

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
2018-04-02	$62.00	$62.00	21.4%	6.1%	26.0%	12.2%	21.1%	-1.6%	-1.7%	8.6K	-57.3K	-449	0.15	114.52	N/A	N/A	33	5	33	5
2018-04-03	$62.65	$62.00	18.3%	5.2%	26.0%	9.4%	19.9%	7.5%	-1.3%	9.0K	-69.7K	-454	0.15	113.42	N/A	N/A	33	5	33	5
2018-04-04	$63.61	$62.00	15.1%	4.3%	26.6%	6.4%	17.6%	8.0%	3.1%	9.5K	-84.0K	-459	0.15	113.05	N/A	N/A	33	5	33	5
2018-04-05	$63.91	$0.00	15.9%	4.7%	26.5%	7.2%	0.0%	3.6%	0.8%	8.4K	-92.5K	-452	0.15	101.91	N/A	N/A	33	5	33	5
2018-04-06	$62.33	$0.00	20.6%	5.4%	27.8%	11.5%	0.0%	-2.7%	-0.7%	9.9K	-61.5K	-436	0.15	95.06	N/A	N/A	33	5	33	5
2018-04-09	$62.75	$0.00	18.4%	5.0%	26.7%	9.5%	0.0%	8.1%	0.2%	9.6K	-73.9K	-436	0.15	98.47	N/A	N/A	33	5	33	5
2018-04-10	$63.80	$0.00	19.1%	4.8%	27.6%	10.1%	0.0%	4.4%	0.1%	9.3K	-88.8K	-434	0.15	109.15	N/A	N/A	33	5	33	5
2018-04-11	$63.50	$0.00	16.9%	4.9%	27.5%	8.1%	0.0%	6.1%	0.7%	10.2K	-114.6K	-424	0.15	118.67	N/A	N/A	33	5	33	0
2018-04-12	$64.38	$0.00	16.1%	4.6%	28.1%	7.3%	0.0%	6.3%	-0.0%	10.9K	-134.0K	-401	0.15	112.92	N/A	N/A	33	5	33	0
2018-04-13	$63.54	$0.00	14.6%	4.2%	28.4%	6.0%	0.0%	1.9%	1.0%	9.4K	-127.4K	-402	0.15	114.60	N/A	N/A	33	5	33	0
2018-04-16	$64.36	$0.00	14.4%	4.1%	28.8%	5.8%	0.0%	4.1%	0.5%	11.1K	-131.7K	-397	0.15	119.80	N/A	N/A	33	5	33	0
2018-04-17	$65.44	$0.00	12.6%	3.6%	29.2%	4.2%	0.0%	5.2%	1.8%	7.8K	-141.6K	-401	0.15	117.53	N/A	N/A	33	5	33	0
2018-04-18	$65.76	$0.00	12.2%	3.5%	29.2%	3.8%	0.0%	4.2%	0.5%	6.5K	-149.7K	-393	0.15	125.92	N/A	N/A	33	5	33	0
2018-04-19	$65.21	$0.00	14.8%	4.3%	29.3%	6.2%	0.0%	2.3%	0.0%	6.2K	-147.3K	-393	0.15	120.20	N/A	N/A	33	5	33	0
2018-04-20	$64.72	$0.00	13.5%	3.9%	27.2%	5.0%	0.0%	5.3%	1.2%	5.7K	-142.1K	-391	0.15	114.76	N/A	N/A	33	5	33	0
2018-04-23	$64.51	$0.00	12.3%	3.5%	25.5%	3.8%	0.0%	0.1%	0.4%	5.7K	-75.8K	-385	0.00	124.43	N/A	N/A	23	0	23	0
2018-04-24	$63.25	$0.00	13.5%	3.9%	24.4%	5.0%	0.0%	-3.0%	0.4%	5.5K	-63.9K	-375	0.00	123.13	N/A	N/A	23	0	23	0
2018-04-25	$63.11	$0.00	15.0%	4.3%	22.9%	6.3%	0.0%	3.7%	0.3%	5.4K	-61.9K	-372	0.00	105.52	N/A	N/A	23	0	23	0
2018-04-26	$64.00	$0.00	13.5%	3.9%	23.3%	5.0%	0.0%	4.0%	-0.3%	5.8K	-65.7K	-373	0.00	128.19	N/A	N/A	23	0	23	0
2018-04-27	$63.87	$0.00	13.3%	3.8%	22.2%	4.8%	0.0%	2.3%	0.3%	5.7K	-66.7K	-375	0.00	130.95	N/A	N/A	23	0	23	0
2018-04-30	$63.76	$0.00	13.2%	3.8%	19.5%	4.7%	0.0%	2.9%	-1.5%	5.7K	-67.1K	-369	0.00	129.56	N/A	N/A	23	0	23	0