FTC Options History — July 2019

In July 2019, FTC traded between $70.85 and $72.63. ATM implied volatility averaged 13.1%, placing in the 6.1% IV rank vs the trailing year. The 30-day expected move averaged 3.7%. IV traded above realized volatility by 4.3% (HV 20d: 8.8%). Max pain ranged from $65.00 to $65.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 18 of 22 days.

Notable Days

  • 2019-07-19: Largest IV spike — 30.0% change
  • 2019-07-31: Highest IV Rank — 11.9%
  • 2019-07-31: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$71.86$70.85$72.63$70.85$71.66
Max Pain$65.00$65.00$65.00$65.00$65.00
ATM IV13.1%10.8%16.6%12.4%16.6%
Expected Move3.7%3.1%4.8%3.6%4.8%
HV 20d8.8%7.2%12.2%12.2%7.4%
HV 60d13.5%13.4%13.6%13.5%13.4%
IV Rank6.1%2.5%11.9%5.0%11.9%
IV Percentile33.2%6.7%62.3%26.6%62.3%
Term Structure2.0%-3.7%30.3%1.7%-3.7%
Skew 25d1.8%-1.1%3.7%3.0%3.7%
Skew 10d1.4%-2.1%8.2%5.7%8.2%
Call IV 25d11.7%9.4%13.5%11.7%11.9%
Put IV 25d13.5%11.5%16.7%14.7%15.6%
Bid-Ask Spread %117.3083.79162.54118.13159.31
Gamma HHI1.001.001.001.001.00
Net GEX-5-890-890
Net DEX601211210
Net VEX-0-10-10
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1.2730220

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$70.85$65.0012.4%3.6%12.2%5.0%0.0%3.0%1.7%-89121-10.00118.13N/AN/A0002
2019-07-02$71.05$65.0012.3%3.5%10.5%4.9%0.0%0.6%-0.2%0000.00117.42N/AN/A0002
2019-07-03$71.78$65.0010.8%3.1%9.8%2.5%0.0%1.3%1.3%0000.00110.19N/AN/A0002
2019-07-05$71.64$0.0011.8%3.6%9.7%4.0%0.0%1.6%0.6%0000.0087.22N/AN/A0002
2019-07-08$71.37$0.0012.9%3.8%9.4%5.8%0.0%2.5%0.8%-51100.0083.79N/AN/A0002
2019-07-09$71.55$0.0012.5%3.2%9.3%5.2%0.0%3.5%1.9%0000.0088.30N/AN/A0002
2019-07-10$71.84$0.0012.5%3.6%9.0%5.2%0.0%1.7%1.6%-4300.00140.42N/AN/A0002
2019-07-11$71.87$0.0012.3%3.5%9.0%4.9%0.0%2.6%1.3%0000.00143.00N/AN/A0002
2019-07-12$72.19$0.0012.6%3.6%9.0%5.4%0.0%1.4%1.5%0000.0096.01N/AN/A0002
2019-07-15$72.30$0.0013.0%3.7%9.0%6.1%0.0%-0.2%1.2%0000.00107.74N/AN/A0002
2019-07-16$72.04$0.0012.8%3.7%9.2%5.6%0.0%1.4%1.3%0000.00104.72N/AN/A0002
2019-07-17$71.89$0.0012.8%3.7%8.8%5.8%0.0%1.7%0.9%0000.0091.05N/AN/A0002
2019-07-18$72.07$0.0011.5%3.3%8.3%3.6%0.0%2.4%2.6%0000.00132.98N/AN/A0002
2019-07-19$71.66$0.0015.0%4.3%8.5%9.2%0.0%-1.1%0.5%-1100.00113.62N/AN/A0002
2019-07-22$71.67$0.0013.2%3.8%8.4%6.4%0.0%1.9%30.3%0000.0099.88N/AN/A0000
2019-07-23$72.02$0.0012.1%3.5%8.2%4.6%0.0%-0.8%2.6%0000.00123.08N/AN/A0000
2019-07-24$72.47$0.0015.6%4.5%7.2%10.3%0.0%3.0%-2.2%0000.00116.26N/AN/A0000
2019-07-25$72.12$0.0012.7%3.6%7.4%5.5%0.0%1.7%1.6%0000.00118.54N/AN/A0000
2019-07-26$72.63$0.0013.8%3.9%7.4%7.3%0.0%3.6%-1.7%0000.00162.54N/AN/A0000
2019-07-29$72.29$0.0014.2%4.1%7.7%8.0%0.0%1.8%0.6%0000.00135.17N/AN/A0000
2019-07-30$72.00$0.0014.3%4.1%7.2%8.2%0.0%3.4%0.4%0000.00131.28N/AN/A0000
2019-07-31$71.66$0.0016.6%4.8%7.4%11.9%0.0%3.7%-3.7%0000.00159.31N/AN/A0000