FTC Options History — December 2019

In December 2019, FTC traded between $71.09 and $73.11. ATM implied volatility averaged 18.1%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 10.3% (HV 20d: 7.8%). Max pain ranged from $73.00 to $73.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days.

Notable Days

  • 2019-12-04: Largest IV spike — 93.7% change
  • 2019-12-10: Highest IV Rank — 90.0%
  • 2019-12-31: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$72.04$71.09$73.11$71.45$72.94
Max Pain$73.00$73.00$73.00$73.00$73.00
ATM IV18.1%11.2%29.3%17.0%22.5%
Expected Move5.0%3.2%6.4%4.9%6.4%
HV 20d7.8%6.1%8.3%8.1%6.1%
HV 60d10.1%8.1%11.5%11.5%8.1%
IV Rank39.4%8.7%90.0%34.5%59.1%
IV Percentile60.4%4.0%96.8%56.7%90.9%
Term Structure0.4%-8.5%29.2%-1.4%-8.5%
Skew 25d3.1%-10.4%13.4%3.2%2.9%
Skew 10d4.3%-9.1%14.8%5.2%5.2%
Call IV 25d18.2%10.3%24.2%18.3%10.3%
Put IV 25d21.3%13.3%28.2%21.5%13.3%
Bid-Ask Spread %156.72131.14188.60188.60151.47
Gamma HHI0.500.500.500.500.50
Net GEX8.3K5.7K12.9K6.0K8.8K
Net DEX-43.1K-57.6K-31.9K-41.4K-49.1K
Net VEX-126-154-97-151-97
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1616161616

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-12-02$71.45$0.0017.0%4.9%8.1%34.5%0.0%3.2%-1.4%6.0K-41.4K-1510.00188.60N/AN/A00160
2019-12-03$71.09$0.0011.2%3.2%8.0%8.7%0.0%13.4%6.7%6.2K-31.9K-1320.00178.50N/AN/A00160
2019-12-04$71.49$0.0021.8%6.2%7.8%55.9%0.0%1.0%-4.5%7.1K-47.4K-1540.00144.73N/AN/A00160
2019-12-05$71.41$73.0016.2%5.3%7.9%31.0%0.0%3.6%-2.1%7.0K-44.1K-1510.00161.87N/AN/A00160
2019-12-06$71.76$73.0019.2%4.6%8.0%44.4%0.0%-3.0%-4.7%6.5K-38.6K-1410.00154.04N/AN/A00160
2019-12-09$71.40$73.0018.2%4.9%8.3%39.9%0.0%4.9%-0.9%8.2K-32.0K-1270.00164.35N/AN/A00160
2019-12-10$71.24$73.0029.3%5.3%8.3%90.0%0.0%8.5%-3.1%6.4K-36.1K-1330.00154.28N/AN/A00160
2019-12-11$71.36$73.0018.8%5.4%8.2%42.8%0.0%3.7%-4.7%5.7K-33.7K-1230.00168.07N/AN/A00160
2019-12-12$71.51$73.0018.1%5.2%8.0%39.3%0.0%3.0%-3.6%6.9K-39.0K-1310.00167.70N/AN/A00160
2019-12-13$71.62$73.0017.9%5.1%8.0%38.5%0.0%2.8%-3.0%7.1K-40.5K-1310.00170.31N/AN/A00160
2019-12-16$72.08$73.0021.7%6.2%8.1%55.7%0.0%6.4%-5.4%7.0K-46.3K-1320.00143.49N/AN/A00160
2019-12-17$71.95$73.0018.2%5.2%8.1%40.0%0.0%3.7%-2.9%7.7K-42.9K-1270.00169.03N/AN/A00160
2019-12-18$71.99$73.0018.4%5.3%7.8%41.1%0.0%3.4%-4.6%7.3K-41.1K-1220.00164.40N/AN/A00160
2019-12-19$72.34$73.0016.6%4.8%8.0%32.7%0.0%5.7%-0.1%9.5K-44.6K-1250.00144.29N/AN/A00160
2019-12-20$72.89$73.0017.5%5.0%7.8%36.8%0.0%8.5%-5.4%9.2K-51.3K-1250.00131.14N/AN/A00160
2019-12-23$72.75$73.0013.8%3.9%7.8%20.0%0.0%-10.4%29.2%10.1K-42.1K-1100.00148.53N/AN/A00160
2019-12-24$72.85$73.0014.4%4.1%7.6%23.0%0.0%4.3%27.8%12.3K-51.5K-1160.00141.10N/AN/A00160
2019-12-26$73.01$73.0014.7%4.2%7.1%24.2%0.0%-5.6%0.9%12.9K-46.6K-1080.00141.06N/AN/A00160
2019-12-27$73.11$73.0015.1%4.3%7.1%26.1%0.0%7.1%1.0%11.0K-57.6K-1100.00141.52N/AN/A00160
2019-12-30$72.70$73.0019.1%5.5%7.2%44.1%0.0%-2.2%-3.0%11.6K-46.8K-990.00162.72N/AN/A00160
2019-12-31$72.94$73.0022.5%6.4%6.1%59.1%0.0%2.9%-8.5%8.8K-49.1K-970.00151.47N/AN/A00160