FTC Options History — December 2018

In December 2018, FTC traded between $53.47 and $63.96. ATM implied volatility averaged 25.2%, placing in the 14.7% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 1.0% (HV 20d: 26.3%). Max pain ranged from $55.00 to $68.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.08.

Notable Days

2018-12-20: Highest Volume — 12 contracts
2018-12-04: Largest IV spike — 22.0% change
2018-12-27: Highest IV Rank — 20.5%
2018-12-27: Largest Expected Move — 9.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$58.65	$53.47	$63.96	$63.96	$57.14
Max Pain	$66.47	$55.00	$68.00	$68.00	$55.00
ATM IV	25.2%	17.8%	31.5%	17.8%	27.6%
Expected Move	7.0%	5.1%	9.0%	5.1%	7.9%
HV 20d	26.3%	24.2%	30.8%	24.2%	28.9%
HV 60d	24.0%	22.0%	26.7%	22.0%	26.7%
IV Rank	14.7%	7.8%	20.5%	7.8%	16.8%
IV Percentile	94.0%	78.2%	98.4%	78.2%	95.2%
Term Structure	-1.8%	-4.4%	2.5%	-1.7%	-1.9%
VWIV	31.1%	26.3%	35.9%	35.9%	26.3%
Skew 25d	6.3%	0.2%	21.0%	1.5%	3.2%
Skew 10d	4.6%	-3.9%	16.1%	2.6%	5.2%
Call IV 25d	19.3%	14.5%	31.3%	15.7%	21.0%
Put IV 25d	25.6%	17.2%	40.6%	17.2%	24.2%
Bid-Ask Spread %	114.75	102.75	133.89	132.07	118.55
Gamma HHI	0.82	0.51	1.00	0.63	0.98
Net GEX	1.6K	5	3.3K	3.3K	588
Net DEX	-15.4K	-40.3K	4.2K	-40.3K	-8.5K
Net VEX	-99	-166	0	-166	-8
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.08	0.00	0.20	0.20	0.00
Total Volume	2.3	0	12	0	0
Total OI	11.2	3	15	13	5

Daily Data (20 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
2018-12-03	$63.96	$0.00	17.8%	5.1%	24.2%	7.8%	0.0%	1.5%	-1.7%	3.3K	-40.3K	-166	0.00	132.07	N/A	N/A	0	0	13	0
2018-12-04	$61.86	$0.00	21.7%	6.2%	27.1%	11.4%	0.0%	2.6%	-2.5%	2.7K	-31.8K	-159	0.00	121.86	N/A	N/A	0	0	13	0
2018-12-05	$61.78	$0.00	23.0%	6.6%	27.1%	12.6%	0.0%	2.8%	-4.0%	2.7K	-30.4K	-159	0.00	129.46	N/A	N/A	0	0	13	0
2018-12-06	$61.65	$68.00	23.2%	5.8%	25.0%	12.8%	0.0%	1.5%	-1.2%	2.5K	-28.9K	-155	0.00	105.37	N/A	N/A	0	0	13	0
2018-12-07	$60.69	$68.00	26.2%	6.0%	25.4%	15.6%	0.0%	7.7%	-1.9%	2.5K	-27.8K	-151	0.00	105.68	N/A	N/A	0	0	13	0
2018-12-10	$60.26	$68.00	27.2%	6.5%	25.4%	16.5%	0.0%	9.1%	-2.0%	2.3K	-22.9K	-137	0.00	106.87	N/A	N/A	0	0	13	0
2018-12-11	$60.35	$68.00	26.2%	6.3%	24.4%	15.6%	0.0%	7.6%	-1.3%	2.4K	-24.6K	-140	0.00	102.75	N/A	N/A	0	0	13	0
2018-12-12	$61.10	$68.00	21.1%	6.1%	24.8%	10.9%	0.0%	5.9%	-0.9%	2.5K	-27.8K	-150	0.00	110.03	N/A	N/A	0	0	13	0
2018-12-13	$60.46	$68.00	21.4%	6.1%	25.0%	11.2%	0.0%	6.9%	-0.8%	2.4K	-25.0K	-139	0.00	107.61	N/A	N/A	0	0	13	0
2018-12-14	$59.13	$68.00	22.5%	6.5%	25.8%	12.2%	0.0%	8.0%	-0.2%	2.1K	-21.6K	-134	0.00	108.52	N/A	N/A	0	2	13	0
2018-12-17	$57.50	$68.00	23.6%	6.8%	27.2%	13.2%	0.0%	6.5%	-1.7%	810	-6.2K	-111	0.00	108.56	N/A	N/A	0	2	13	2
2018-12-18	$57.92	$68.00	24.1%	6.9%	25.4%	13.7%	0.0%	7.2%	-1.4%	905	-6.5K	-113	0.00	107.54	N/A	N/A	0	2	13	2
2018-12-19	$56.83	$68.00	25.0%	7.2%	25.3%	14.4%	0.0%	0.2%	-2.3%	944	-3.4K	-102	0.00	133.89	N/A	N/A	0	2	13	2
2018-12-20	$55.67	$68.00	27.9%	8.0%	25.5%	17.1%	0.0%	8.3%	-4.4%	1.3K	1.2K	-84	0.20	113.56	N/A	N/A	10	2	13	2
2018-12-21	$54.74	$68.00	28.7%	8.2%	26.0%	17.9%	0.0%	6.5%	-2.5%	1.0K	4.2K	-67	0.20	113.11	N/A	N/A	10	2	13	2
2018-12-24	$53.47	$68.00	31.0%	8.9%	25.5%	20.0%	0.0%	1.0%	-2.7%	6	-13	0	0.00	111.26	N/A	N/A	10	0	3	0
2018-12-26	$55.75	$68.00	26.5%	7.6%	30.8%	15.9%	0.0%	15.6%	2.5%	5	-9	0	0.00	119.36	N/A	N/A	0	0	3	0
2018-12-27	$56.26	$68.00	31.5%	9.0%	28.5%	20.5%	35.9%	21.0%	-2.8%	19	-41	0	0.00	114.69	N/A	N/A	2	0	3	0
2018-12-28	$56.51	$55.00	28.7%	8.2%	28.5%	17.9%	26.3%	2.4%	-3.3%	573	-7.8K	-10	0.00	124.25	N/A	N/A	2	0	5	0
2018-12-31	$57.14	$55.00	27.6%	7.9%	28.9%	16.8%	0.0%	3.2%	-1.9%	588	-8.5K	-8	0.00	118.55	N/A	N/A	0	0	5	0