FTC Options History — July 2018

In July 2018, FTC traded between $65.74 and $68.70. ATM implied volatility averaged 11.4%, placing in the 1.8% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded below realized volatility by 1.7% (HV 20d: 13.0%). Max pain ranged from $68.00 to $69.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.82.

Notable Days

2018-07-31: Highest Volume — 52 contracts
2018-07-06: Largest IV drop — 21.5% change
2018-07-05: Highest IV Rank — 4.2%
2018-07-02: Largest Expected Move — 3.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$67.59	$65.74	$68.70	$66.05	$66.92
Max Pain	$68.90	$68.00	$69.00	$68.00	$69.00
ATM IV	11.4%	9.9%	14.0%	13.3%	11.9%
Expected Move	3.3%	2.8%	3.8%	3.8%	3.4%
HV 20d	13.0%	9.4%	14.8%	12.9%	12.6%
HV 60d	12.4%	11.3%	13.6%	13.6%	12.1%
IV Rank	1.8%	0.5%	4.2%	3.6%	2.3%
IV Percentile	23.5%	2.0%	71.0%	58.3%	34.5%
Term Structure	1.1%	-1.8%	3.1%	-0.3%	0.2%
VWIV	10.8%	8.5%	14.9%	14.9%	12.9%
Skew 25d	3.0%	-0.8%	5.2%	4.5%	3.2%
Skew 10d	3.1%	1.5%	6.1%	3.0%	2.2%
Call IV 25d	11.7%	9.3%	14.9%	14.0%	12.1%
Put IV 25d	14.6%	11.8%	18.5%	18.5%	15.3%
Bid-Ask Spread %	126.45	115.01	134.56	121.72	132.05
Gamma HHI	0.26	0.19	0.36	0.19	0.23
Net GEX	918	-4.4K	7.6K	2.6K	2.5K
Net DEX	-58.6K	-89.7K	-22.4K	-22.4K	-32.8K
Net VEX	-369	-460	-290	-460	-303
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.63	0.91	0.80	0.63
Total Volume	44.476	42	52	45	52
Total OI	44	42	45	45	42

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
2018-07-02	$66.05	$68.00	13.3%	3.8%	12.9%	3.6%	14.9%	4.5%	-0.3%	2.6K	-22.4K	-460	0.80	121.72	N/A	N/A	25	20	25	20
2018-07-03	$65.74	$68.00	12.1%	3.5%	12.9%	2.5%	13.7%	3.4%	0.9%	2.9K	-28.9K	-445	0.80	122.41	N/A	N/A	25	20	25	20
2018-07-05	$66.24	$69.00	14.0%	3.8%	12.8%	4.2%	12.2%	4.5%	1.4%	2.6K	-26.1K	-449	0.80	118.20	N/A	N/A	25	20	25	20
2018-07-06	$67.04	$69.00	11.0%	3.5%	13.5%	1.4%	10.6%	4.9%	1.5%	2.4K	-40.2K	-437	0.80	115.01	N/A	N/A	25	20	25	20
2018-07-09	$67.56	$69.00	12.3%	3.2%	13.7%	2.7%	9.9%	2.5%	1.1%	1.6K	-52.8K	-425	0.80	122.78	N/A	N/A	25	20	25	20
2018-07-10	$67.73	$69.00	10.0%	3.2%	13.7%	0.5%	8.8%	2.9%	0.9%	2.3K	-57.8K	-416	0.80	126.93	N/A	N/A	25	20	25	20
2018-07-11	$67.29	$69.00	11.1%	3.2%	13.7%	1.6%	9.4%	5.2%	3.0%	2.2K	-51.2K	-414	0.80	126.03	N/A	N/A	25	20	25	20
2018-07-12	$68.05	$69.00	11.5%	3.3%	14.4%	1.9%	9.6%	4.6%	1.8%	845	-66.1K	-401	0.80	127.05	N/A	N/A	25	20	25	20
2018-07-13	$68.06	$69.00	11.3%	3.2%	14.3%	1.7%	10.0%	3.4%	1.8%	1.0K	-77.8K	-367	0.80	128.62	N/A	N/A	25	20	25	20
2018-07-16	$67.70	$69.00	10.5%	3.0%	14.4%	1.0%	10.2%	1.7%	2.3%	1.2K	-67.8K	-383	0.80	127.39	N/A	N/A	25	20	25	20
2018-07-17	$68.28	$69.00	10.0%	2.9%	14.8%	0.5%	8.5%	3.9%	3.1%	636	-68.9K	-378	0.80	126.41	N/A	N/A	25	20	25	20
2018-07-18	$68.43	$69.00	11.0%	3.2%	14.5%	1.5%	9.9%	3.5%	2.5%	1.6K	-83.4K	-344	0.80	128.91	N/A	N/A	25	20	25	20
2018-07-19	$68.30	$69.00	11.5%	3.3%	14.3%	1.9%	9.6%	3.8%	1.5%	2.4K	-87.0K	-310	0.80	129.47	N/A	N/A	25	20	25	20
2018-07-20	$68.19	$69.00	11.1%	3.2%	13.7%	1.6%	9.8%	3.6%	1.8%	7.6K	-89.7K	-328	0.80	134.56	N/A	N/A	25	20	25	20
2018-07-23	$68.16	$69.00	10.9%	3.1%	13.7%	1.4%	10.1%	2.5%	0.9%	-2.5K	-63.6K	-335	0.91	131.70	N/A	N/A	22	20	22	20
2018-07-24	$67.89	$69.00	11.3%	3.2%	10.1%	1.8%	11.7%	0.0%	0.3%	-4.4K	-64.1K	-330	0.91	125.87	N/A	N/A	22	20	22	20
2018-07-25	$68.70	$69.00	9.9%	2.8%	10.8%	0.5%	9.1%	3.1%	-0.2%	-3.5K	-75.1K	-290	0.91	128.91	N/A	N/A	22	20	22	20
2018-07-26	$68.70	$69.00	11.5%	3.3%	9.4%	1.9%	10.3%	1.9%	-1.8%	-3.4K	-79.4K	-302	0.91	130.01	N/A	N/A	22	20	22	20
2018-07-27	$67.64	$69.00	10.7%	3.1%	11.3%	1.2%	11.8%	-0.8%	0.8%	-2.1K	-57.5K	-315	0.91	128.42	N/A	N/A	22	20	22	20
2018-07-30	$66.63	$69.00	11.8%	3.4%	12.6%	2.2%	14.2%	-0.4%	0.1%	891	-37.2K	-325	0.91	123.02	N/A	N/A	22	20	22	20
2018-07-31	$66.92	$69.00	11.9%	3.4%	12.6%	2.3%	12.9%	3.2%	0.2%	2.5K	-32.8K	-303	0.63	132.05	N/A	N/A	32	20	22	20