FTC Options History — April 2020

In April 2020, FTC traded between $56.42 and $69.15. ATM implied volatility averaged 43.3%, placing in the 56.0% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded below realized volatility by 20.7% (HV 20d: 63.9%). Max pain ranged from $77.00 to $77.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 4 of 21 days.

Notable Days

  • 2020-04-30: Largest IV spike — 28.9% change
  • 2020-04-01: Highest IV Rank — 79.1%
  • 2020-04-01: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$64.41$56.42$69.15$56.53$68.12
Max Pain$77.00$77.00$77.00$77.00$77.00
ATM IV43.3%29.5%57.3%57.3%38.1%
Expected Move12.3%8.5%16.4%16.4%10.9%
HV 20d63.9%38.6%85.7%82.4%38.6%
HV 60d55.0%51.5%56.5%51.5%56.4%
IV Rank56.0%33.3%79.1%79.1%47.4%
IV Percentile89.6%81.0%95.6%95.6%85.7%
Term Structure-3.0%-10.0%5.9%-2.9%5.6%
Skew 25d11.4%3.3%19.7%17.3%15.6%
Skew 10d15.6%-2.9%33.2%33.2%22.7%
Call IV 25d38.2%29.9%46.3%46.3%29.9%
Put IV 25d49.6%37.4%63.6%63.6%45.5%
Bid-Ask Spread %86.1747.19110.92109.72104.48
Gamma HHI0.990.881.000.981.00
Net GEX372145607159544
Net DEX-4.4K-6.2K-1.5K-1.9K-5.4K
Net VEX-28-35-14-17-31
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI3.5713443

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$56.53$77.0057.3%16.4%82.4%79.1%0.0%17.3%-2.9%159-1.9K-170.00109.72N/AN/A0040
2020-04-02$57.36$0.0049.9%13.3%82.7%66.8%0.0%18.0%-6.5%167-1.9K-170.0047.19N/AN/A0040
2020-04-03$56.42$0.0056.3%15.3%82.6%77.5%0.0%19.7%-6.1%145-1.5K-140.0051.12N/AN/A0040
2020-04-06$60.98$0.0043.2%12.2%85.7%55.8%0.0%7.7%-5.4%239-2.3K-190.0056.11N/AN/A0040
2020-04-07$61.91$0.0045.3%13.2%85.2%59.3%0.0%6.7%-6.3%275-3.1K-250.0095.67N/AN/A0040
2020-04-08$63.06$0.0040.6%11.6%84.1%51.6%0.0%12.7%-3.4%328-3.0K-250.0097.42N/AN/A0040
2020-04-09$64.17$0.0042.8%12.3%77.7%55.3%0.0%3.3%-10.0%345-3.6K-270.0085.48N/AN/A0040
2020-04-13$63.57$0.0047.5%13.6%77.3%63.0%0.0%12.3%-4.6%327-3.4K-270.0077.72N/AN/A0040
2020-04-14$66.03$0.0045.0%12.9%70.4%58.8%0.0%15.0%-8.6%415-4.9K-320.0088.43N/AN/A0040
2020-04-15$65.19$0.0046.0%13.2%70.6%60.5%0.0%16.4%-6.8%371-4.6K-310.0082.74N/AN/A0040
2020-04-16$65.95$0.0045.1%12.9%61.2%59.1%0.0%11.1%-5.5%385-5.5K-340.0072.07N/AN/A0040
2020-04-17$67.31$0.0040.5%11.6%58.6%51.5%0.0%6.6%1.2%451-6.2K-340.0078.64N/AN/A0040
2020-04-20$66.90$0.0041.3%11.8%56.3%52.7%0.0%15.2%4.3%411-6.1K-350.0067.66N/AN/A0030
2020-04-21$64.62$0.0050.5%14.5%56.7%67.9%0.0%14.6%-9.0%338-4.9K-300.0087.00N/AN/A0030
2020-04-22$66.38$0.0041.6%11.9%47.4%53.3%0.0%6.0%-0.3%423-5.6K-330.0088.19N/AN/A0030
2020-04-23$66.22$0.0040.9%11.7%45.0%52.1%0.0%12.6%-2.0%410-5.8K-330.00103.43N/AN/A0030
2020-04-24$67.06$0.0035.6%10.2%44.9%43.4%0.0%7.5%5.9%443-5.6K-320.0095.33N/AN/A0030
2020-04-27$68.25$0.0033.1%9.5%44.9%39.3%0.0%4.3%-0.3%537-6.1K-330.00103.70N/AN/A0030
2020-04-28$67.51$0.0038.5%11.0%45.2%48.1%0.0%13.4%-2.2%490-5.3K-310.00106.60N/AN/A0030
2020-04-29$69.15$0.0029.5%8.5%45.0%33.3%0.0%3.7%-0.8%607-6.2K-340.00110.92N/AN/A0030
2020-04-30$68.12$0.0038.1%10.9%38.6%47.4%0.0%15.6%5.6%544-5.4K-310.00104.48N/AN/A0030