FTC Options History — March 2020

In March 2020, FTC traded between $51.32 and $73.04. ATM implied volatility averaged 56.0%, placing in the 88.4% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded below realized volatility by 1.3% (HV 20d: 57.3%). Max pain ranged from $77.00 to $77.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2020-03-11: Highest Volume — 1 contracts
2020-03-12: Largest IV spike — 47.4% change
2020-03-02: Highest IV Rank — 100.0%
2020-03-19: Largest Expected Move — 20.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$61.32	$51.32	$73.04	$71.43	$59.99
Max Pain	$77.00	$77.00	$77.00	$77.00	$77.00
ATM IV	56.0%	28.7%	70.0%	43.3%	52.5%
Expected Move	15.6%	8.2%	20.1%	12.4%	15.0%
HV 20d	57.3%	29.8%	83.7%	30.4%	81.7%
HV 60d	35.8%	18.9%	50.2%	18.9%	50.2%
IV Rank	88.4%	56.9%	100.0%	100.0%	71.2%
IV Percentile	98.4%	94.0%	100.0%	100.0%	94.0%
Term Structure	-12.2%	-30.8%	-3.8%	-25.9%	-7.3%
VWIV	23.9%	23.9%	23.9%	23.9%	23.9%
Skew 25d	11.9%	-17.2%	36.0%	12.3%	27.9%
Skew 10d	7.2%	-25.6%	44.4%	1.5%	44.4%
Call IV 25d	45.0%	24.4%	79.7%	27.6%	41.8%
Put IV 25d	57.0%	29.6%	77.1%	39.9%	69.7%
Bid-Ask Spread %	126.29	83.85	160.84	147.14	96.14
Gamma HHI	0.88	0.65	1.00	1.00	0.93
Net GEX	309	94	707	615	225
Net DEX	-4.6K	-10.3K	-1.1K	-9.2K	-2.2K
Net VEX	-32	-52	-13	-52	-20
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.045	0	1	0	0
Total OI	3.636	3	4	3	4

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI
2020-03-02	$71.43	$0.00	43.3%	12.4%	30.4%	100.0%	0.0%	12.3%	-25.9%	615	-9.2K	-52	147.14	N/A	N/A	0	3
2020-03-03	$71.09	$0.00	34.9%	10.0%	29.8%	75.1%	0.0%	3.3%	-5.5%	609	-8.9K	-51	160.84	N/A	N/A	0	3
2020-03-04	$73.04	$0.00	28.7%	8.2%	30.4%	56.9%	0.0%	4.5%	-6.1%	707	-10.3K	-52	160.75	N/A	N/A	0	3
2020-03-05	$70.84	$0.00	34.9%	9.0%	32.0%	75.4%	0.0%	10.2%	-4.5%	547	-8.9K	-51	129.36	N/A	N/A	0	3
2020-03-06	$69.15	$0.00	45.0%	11.0%	32.7%	100.0%	0.0%	13.4%	-8.8%	472	-7.7K	-47	131.09	N/A	N/A	0	3
2020-03-09	$64.95	$0.00	53.1%	12.2%	38.5%	100.0%	0.0%	10.6%	-11.2%	372	-6.1K	-40	120.52	N/A	N/A	0	3
2020-03-10	$66.79	$0.00	56.0%	12.5%	40.3%	100.0%	0.0%	20.7%	-8.0%	361	-5.9K	-40	127.58	N/A	N/A	0	3
2020-03-11	$63.82	$0.00	46.2%	13.3%	42.0%	79.0%	23.9%	14.3%	-10.4%	318	-4.7K	-37	110.43	N/A	N/A	1	3
2020-03-12	$58.46	$77.00	68.1%	19.5%	49.9%	100.0%	0.0%	-17.2%	-30.8%	254	-5.3K	-37	139.67	N/A	N/A	0	4
2020-03-13	$60.20	$77.00	54.8%	15.7%	51.9%	77.4%	0.0%	23.3%	-13.5%	266	-3.9K	-31	116.09	N/A	N/A	0	4
2020-03-16	$55.17	$77.00	69.9%	20.0%	57.6%	100.0%	0.0%	1.9%	-17.0%	204	-4.7K	-32	137.89	N/A	N/A	0	4
2020-03-17	$56.35	$77.00	68.6%	19.7%	58.9%	97.9%	0.0%	5.9%	-9.9%	200	-3.6K	-30	143.50	N/A	N/A	0	4
2020-03-18	$51.65	$77.00	69.3%	19.9%	63.1%	99.1%	0.0%	4.2%	-10.8%	137	-2.5K	-23	125.24	N/A	N/A	0	4
2020-03-19	$54.90	$77.00	70.0%	20.1%	69.4%	100.0%	0.0%	28.0%	-14.1%	155	-2.3K	-20	116.31	N/A	N/A	0	4
2020-03-20	$52.94	$77.00	67.9%	19.5%	69.7%	96.6%	0.0%	-5.6%	-25.2%	121	-1.3K	-14	139.35	N/A	N/A	0	4
2020-03-23	$51.32	$77.00	68.2%	19.6%	69.7%	97.1%	0.0%	8.4%	-3.8%	94	-1.1K	-13	131.11	N/A	N/A	0	4
2020-03-24	$56.54	$77.00	54.7%	15.7%	80.8%	74.9%	0.0%	10.8%	-7.5%	162	-1.7K	-18	133.96	N/A	N/A	0	4
2020-03-25	$59.35	$77.00	60.7%	17.4%	83.7%	84.7%	0.0%	18.1%	-9.1%	243	-3.3K	-26	137.14	N/A	N/A	0	4
2020-03-26	$60.28	$77.00	61.1%	17.5%	83.7%	85.3%	0.0%	16.7%	-17.6%	235	-2.5K	-23	102.70	N/A	N/A	0	4
2020-03-27	$59.95	$77.00	66.9%	19.2%	83.2%	94.9%	0.0%	36.0%	-10.6%	255	-2.7K	-24	87.67	N/A	N/A	0	4
2020-03-30	$60.89	$77.00	57.8%	16.6%	81.6%	80.0%	0.0%	14.9%	-9.9%	247	-2.5K	-22	83.85	N/A	N/A	0	4
2020-03-31	$59.99	$77.00	52.5%	15.0%	81.7%	71.2%	0.0%	27.9%	-7.3%	225	-2.2K	-20	96.14	N/A	N/A	0	4