FTC Options History — September 2018

In September 2018, FTC traded between $69.16 and $70.60. ATM implied volatility averaged 12.5%, placing in the 2.9% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded above realized volatility by 3.0% (HV 20d: 9.4%). Max pain ranged from $61.00 to $67.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.42.

Notable Days

  • 2018-09-04: Highest Volume — 34 contracts
  • 2018-09-19: Largest IV drop — 32.4% change
  • 2018-09-18: Highest IV Rank — 6.1%
  • 2018-09-18: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$70.10$69.16$70.60$70.36$70.37
Max Pain$61.63$61.00$67.00$67.00$61.00
ATM IV12.5%10.4%16.0%11.7%13.5%
Expected Move3.5%3.0%4.6%3.4%3.9%
HV 20d9.4%7.9%10.2%8.9%8.8%
HV 60d11.2%10.3%11.9%11.6%10.3%
IV Rank2.9%1.0%6.1%2.2%3.8%
IV Percentile44.1%6.0%86.1%33.3%66.3%
Term Structure2.0%-3.3%35.5%-0.1%0.5%
VWIV20.3%15.5%24.8%16.3%24.4%
Skew 25d3.2%-0.7%5.0%3.6%4.4%
Skew 10d4.3%1.0%8.0%3.3%6.0%
Call IV 25d12.2%10.3%16.0%12.2%11.7%
Put IV 25d15.4%13.2%18.4%15.8%16.2%
Bid-Ask Spread %130.61119.53145.96144.08129.13
Gamma HHI0.320.280.390.320.33
Net GEX3.5K2.0K5.0K2.9K3.0K
Net DEX-153.2K-160.5K-147.9K-156.3K-149.8K
Net VEX-83-111-59-90-70
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.420.420.430.420.43
Total Volume33.73733343433
Total OI33.73733343433

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-09-04$70.36$67.0011.7%3.4%8.9%2.2%0.0%3.6%-0.1%2.9K-156.3K-900.42144.08N/AN/A24102410
2018-09-05$69.69$67.0012.7%3.6%9.7%3.1%16.3%-0.7%-1.2%4.1K-150.7K-1110.42133.47N/AN/A24102410
2018-09-06$69.45$61.0013.6%3.3%9.8%4.0%15.9%4.3%1.6%4.1K-151.1K-1020.42123.28N/AN/A24102410
2018-09-07$69.16$61.0012.7%3.4%10.0%3.1%16.9%2.6%2.3%4.7K-147.9K-1110.42121.69N/AN/A24102410
2018-09-10$69.63$61.0014.2%3.2%9.9%4.5%16.9%5.0%2.4%4.3K-149.7K-1090.42123.18N/AN/A24102410
2018-09-11$69.96$61.0011.3%3.2%9.9%1.8%15.5%1.2%1.9%2.0K-158.9K-590.42119.53N/AN/A24102410
2018-09-12$70.16$61.0014.6%4.2%9.7%4.9%19.7%3.9%0.4%3.5K-151.6K-1050.42145.96N/AN/A24102410
2018-09-13$70.28$61.0010.5%3.0%8.0%1.1%20.0%4.8%1.9%2.8K-158.0K-720.42123.13N/AN/A24102410
2018-09-14$70.60$61.0010.4%3.0%7.9%1.0%19.5%3.7%-0.6%3.4K-160.5K-610.42122.24N/AN/A24102410
2018-09-17$69.71$61.0013.2%3.8%9.5%3.6%20.2%0.4%-2.5%3.6K-150.6K-970.42134.56N/AN/A24102410
2018-09-18$70.27$61.0016.0%4.6%9.7%6.1%24.8%4.8%-3.3%5.0K-155.6K-720.42137.66N/AN/A24102410
2018-09-19$69.86$61.0010.8%3.1%10.0%1.4%20.0%3.2%1.4%3.6K-153.3K-850.42130.37N/AN/A24102410
2018-09-20$70.36$61.0011.0%3.2%10.1%1.6%20.9%3.8%2.2%3.3K-157.6K-690.42129.30N/AN/A24102410
2018-09-21$70.16$61.0013.1%3.7%10.2%3.5%23.1%3.7%0.1%3.3K-154.4K-860.42139.36N/AN/A24102410
2018-09-24$70.22$61.0011.5%3.3%9.5%2.0%21.1%3.1%35.5%3.5K-150.2K-680.43129.90N/AN/A23102310
2018-09-25$70.57$61.0011.8%3.4%9.4%2.3%22.9%2.5%-2.8%3.4K-150.5K-700.43132.13N/AN/A23102310
2018-09-26$70.60$61.0011.6%3.3%9.4%2.1%23.1%2.4%-2.3%2.7K-151.1K-690.43129.13N/AN/A23102310
2018-09-27$70.44$61.0012.5%3.6%9.0%2.9%23.5%4.6%-0.2%2.7K-151.9K-630.43133.57N/AN/A23102310
2018-09-28$70.37$61.0013.5%3.9%8.8%3.8%24.4%4.4%0.5%3.0K-149.8K-700.43129.13N/AN/A23102310