FTC Options History — February 2020

In February 2020, FTC traded between $68.42 and $79.42. ATM implied volatility averaged 21.2%, placing in the 51.8% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 4.5% (HV 20d: 16.7%). Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days.

Notable Days

  • 2020-02-25: Largest IV spike — 62.3% change
  • 2020-02-27: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$76.15$68.42$79.42$75.22$68.42
ATM IV21.2%13.3%36.7%23.0%36.7%
Expected Move6.0%4.3%10.5%6.6%10.5%
HV 20d16.7%12.5%25.8%12.5%25.8%
HV 60d11.3%9.0%16.7%9.0%16.7%
IV Rank51.8%18.1%100.0%61.4%100.0%
IV Percentile70.0%28.2%100.0%90.5%100.0%
Term Structure-4.4%-12.9%1.7%-5.0%-4.0%
Skew 25d5.3%-6.4%19.3%19.3%7.9%
Skew 10d4.3%-7.5%15.8%15.8%3.6%
Call IV 25d19.5%8.8%33.7%10.9%33.7%
Put IV 25d24.8%15.3%41.6%30.3%41.6%
Bid-Ask Spread %144.12110.16172.09148.91168.24
Gamma HHI1.001.001.001.001.00
Net GEX780488950786488
Net DEX-14.7K-19.1K-7.0K-13.2K-7.0K
Net VEX-52-59-39-59-46
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI33333

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$75.22$0.0023.0%6.6%12.5%61.4%0.0%19.3%-5.0%786-13.2K-590.00148.91N/AN/A0030
2020-02-04$76.88$0.0019.6%5.6%14.5%46.2%0.0%2.4%-3.3%817-15.2K-570.00136.78N/AN/A0030
2020-02-05$76.40$0.0023.8%6.8%14.8%65.0%0.0%-6.4%-6.3%881-14.7K-560.00143.03N/AN/A0030
2020-02-06$76.72$0.0025.3%4.7%14.7%71.8%0.0%0.7%-9.6%725-15.1K-550.00136.74N/AN/A0030
2020-02-07$76.32$0.0019.3%5.3%14.9%44.7%0.0%14.5%-4.5%856-14.7K-560.00170.71N/AN/A0030
2020-02-10$76.82$0.0014.7%4.9%14.9%24.1%0.0%3.0%-1.9%922-15.3K-550.00172.09N/AN/A0030
2020-02-11$77.49$0.0013.3%4.9%14.9%18.1%0.0%5.7%-4.4%816-16.0K-530.00141.20N/AN/A0030
2020-02-12$77.94$0.0017.1%4.9%14.9%35.1%0.0%8.9%-5.8%878-16.7K-510.00144.81N/AN/A0030
2020-02-13$78.15$0.0015.7%4.5%14.9%28.9%0.0%3.6%-2.4%770-17.0K-500.00154.22N/AN/A0030
2020-02-14$78.58$0.0017.8%5.1%14.8%38.2%0.0%5.2%-3.8%792-17.3K-510.00159.44N/AN/A0030
2020-02-18$78.69$0.0017.6%5.1%14.8%37.4%0.0%4.8%-5.2%785-17.3K-500.00163.15N/AN/A0030
2020-02-19$79.42$0.0017.9%5.1%15.0%38.6%0.0%2.5%-3.8%720-17.9K-470.00163.93N/AN/A0030
2020-02-20$79.10$0.0015.0%4.3%15.2%25.7%0.0%4.0%-1.5%950-19.1K-390.00127.86N/AN/A0030
2020-02-21$77.93$0.0015.4%4.4%16.3%27.4%0.0%8.0%1.7%759-16.5K-520.00112.11N/AN/A0030
2020-02-24$75.75$0.0018.7%5.4%19.0%42.1%0.0%2.9%-0.3%855-14.1K-540.00110.16N/AN/A0030
2020-02-25$73.38$0.0030.3%8.7%21.6%94.4%0.0%5.2%-12.9%691-11.9K-550.00125.72N/AN/A0030
2020-02-26$72.96$0.0028.1%8.0%21.1%84.2%0.0%4.5%-5.1%709-11.4K-540.00122.85N/AN/A0030
2020-02-27$70.67$0.0033.8%9.7%23.6%100.0%0.0%4.2%-6.2%620-8.5K-510.00136.27N/AN/A0030
2020-02-28$68.42$0.0036.7%10.5%25.8%100.0%0.0%7.9%-4.0%488-7.0K-460.00168.24N/AN/A0030