FTC Options History — January 2019

In January 2019, FTC traded between $55.78 and $62.51. ATM implied volatility averaged 19.6%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded below realized volatility by 6.4% (HV 20d: 26.0%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 6 of 21 days.

Notable Days

  • 2019-01-25: Largest IV drop — 19.3% change
  • 2019-01-02: Highest IV Rank — 18.7%
  • 2019-01-02: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.03$55.78$62.51$56.84$62.51
Max Pain$55.00$55.00$55.00$55.00$55.00
ATM IV19.6%16.0%29.5%29.5%18.1%
Expected Move5.5%4.2%8.5%8.5%4.2%
HV 20d26.0%18.0%30.9%28.1%18.6%
HV 60d26.2%24.4%27.9%26.6%24.6%
IV Rank9.5%6.2%18.7%18.7%8.1%
IV Percentile73.0%58.7%97.6%97.6%67.1%
Term Structure-0.4%-2.9%1.5%-1.5%1.2%
Skew 25d2.0%-1.0%9.3%2.6%2.1%
Skew 10d3.8%0.5%6.6%4.9%5.3%
Call IV 25d17.2%12.6%25.4%25.4%14.9%
Put IV 25d19.2%15.6%28.0%28.0%16.9%
Bid-Ask Spread %117.8588.85144.85117.13144.85
Gamma HHI1.000.991.000.991.00
Net GEX14207195900
Net DEX-6.8K-12.3K0-8.2K0
Net VEX-1-90-80
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI3.0950550

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$56.84$55.0029.5%8.5%28.1%18.7%0.0%2.6%-1.5%590-8.2K-80.00117.13N/AN/A0050
2019-01-03$55.78$0.0027.7%7.2%26.6%17.0%0.0%9.3%-2.1%719-7.1K-90.0088.85N/AN/A0050
2019-01-04$57.70$0.0022.6%6.3%30.0%12.3%0.0%1.9%-0.9%561-9.7K-60.00111.44N/AN/A0050
2019-01-07$58.66$0.0021.9%6.3%30.8%11.6%0.0%1.1%-0.8%463-11.3K-20.00101.91N/AN/A0050
2019-01-08$59.30$0.0021.0%6.1%30.7%10.8%0.0%3.3%-0.2%214-11.5K-20.00115.72N/AN/A0050
2019-01-09$59.62$0.0019.8%5.7%30.7%9.6%0.0%-1.0%0.0%138-11.7K-10.00115.45N/AN/A0050
2019-01-10$60.04$0.0020.0%5.7%30.9%9.9%0.0%1.8%-0.1%118-11.8K-10.00113.09N/AN/A0050
2019-01-11$60.01$0.0019.1%5.5%30.5%9.0%0.0%2.5%0.6%39-12.0K00.00119.84N/AN/A0050
2019-01-14$59.52$0.0018.5%5.3%30.4%8.5%0.0%2.7%1.2%92-11.8K00.00124.09N/AN/A0050
2019-01-15$60.18$0.0017.8%5.1%29.6%7.9%0.0%0.7%0.6%18-12.0K00.00119.50N/AN/A0050
2019-01-16$60.18$0.0017.4%5.0%27.6%7.5%0.0%0.8%0.4%18-12.0K00.00124.79N/AN/A0050
2019-01-17$60.68$0.0016.1%4.6%27.6%6.2%0.0%-0.4%-2.9%2-12.1K00.00121.96N/AN/A0050
2019-01-18$61.42$0.0016.4%4.7%26.6%6.5%0.0%-0.8%1.5%0-12.3K00.00117.76N/AN/A0050
2019-01-22$60.56$0.0017.8%5.1%25.9%7.8%0.0%2.1%-0.6%0000.00119.33N/AN/A0000
2019-01-23$60.78$0.0019.2%5.5%24.7%9.1%0.0%2.2%-0.7%0000.00116.79N/AN/A0000
2019-01-24$61.00$0.0019.8%5.7%22.2%9.7%0.0%1.0%-2.1%0000.00124.53N/AN/A0000
2019-01-25$61.64$0.0016.0%4.6%18.0%6.2%0.0%1.8%-0.3%0000.00116.33N/AN/A0000
2019-01-28$61.12$0.0018.3%5.2%18.6%8.3%0.0%0.6%-1.3%0000.00120.65N/AN/A0000
2019-01-29$61.13$0.0017.3%5.0%18.6%7.4%0.0%4.3%-0.1%0000.00115.07N/AN/A0000
2019-01-30$62.05$0.0017.1%4.9%18.9%7.2%0.0%2.8%-0.8%0000.00125.80N/AN/A0000
2019-01-31$62.51$0.0018.1%4.2%18.6%8.1%0.0%2.1%1.2%0000.00144.85N/AN/A0000