FTC Options History — July 2020

In July 2020, FTC traded between $77.70 and $81.80. ATM implied volatility averaged 32.5%, placing in the 38.3% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 13.2% (HV 20d: 19.3%). Max pain ranged from $73.00 to $74.00. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2020-07-20: Highest Volume — 8 contracts
2020-07-13: Largest IV spike — 140.2% change
2020-07-14: Highest IV Rank — 84.7%
2020-07-08: Largest Expected Move — 13.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$79.94	$77.70	$81.80	$77.70	$81.80
Max Pain	$73.18	$73.00	$74.00	$74.00	$73.00
ATM IV	32.5%	18.7%	60.7%	41.9%	22.0%
Expected Move	8.4%	5.4%	13.2%	12.0%	6.3%
HV 20d	19.3%	15.2%	26.4%	26.4%	16.9%
HV 60d	22.9%	20.8%	25.4%	25.4%	20.8%
IV Rank	38.3%	15.5%	84.7%	53.8%	20.9%
IV Percentile	64.3%	32.1%	96.4%	85.7%	44.8%
Term Structure	-0.6%	-16.3%	10.9%	0.5%	-2.6%
VWIV	22.7%	21.2%	24.1%	24.1%	21.2%
Skew 25d	6.8%	-25.2%	28.4%	28.4%	6.4%
Skew 10d	7.8%	-25.2%	38.5%	38.5%	8.0%
Call IV 25d	27.7%	15.0%	58.0%	21.7%	15.9%
Put IV 25d	34.5%	19.7%	67.9%	50.1%	22.2%
Bid-Ask Spread %	141.50	93.84	172.62	138.81	165.80
Gamma HHI	0.87	0.70	1.00	1.00	0.70
Net GEX	18	-1.2K	1.2K	914	-437
Net DEX	-9.9K	-24.0K	9.1K	-16.3K	1.0K
Net VEX	-11	-41	0	-16	-6
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	0.955	0	8	0	0
Total OI	4.909	0	8	3	8

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	Put Vol	Call OI	Put OI
2020-07-01	$77.70	$74.00	41.9%	12.0%	26.4%	53.8%	0.0%	28.4%	0.5%	914	-16.3K	-16	138.81	N/A	N/A	0	0	3	0
2020-07-02	$78.13	$74.00	29.0%	8.3%	25.3%	32.4%	0.0%	11.7%	10.9%	1.1K	-18.8K	-13	124.56	N/A	N/A	0	0	3	0
2020-07-06	$78.89	$0.00	34.7%	11.8%	24.8%	41.8%	0.0%	7.9%	-16.3%	837	-19.3K	-11	170.10	N/A	N/A	3	0	3	0
2020-07-07	$78.81	$0.00	53.6%	10.5%	24.7%	73.0%	0.0%	-25.2%	-4.7%	612	-21.8K	-6	172.62	N/A	N/A	0	0	3	0
2020-07-08	$79.41	$0.00	59.1%	13.2%	24.7%	82.1%	0.0%	9.9%	-7.5%	1.1K	-18.6K	-10	147.58	N/A	N/A	0	0	3	0
2020-07-09	$79.68	$0.00	30.2%	6.1%	24.6%	34.5%	0.0%	15.0%	6.5%	1.1K	-23.1K	-2	116.23	N/A	N/A	0	0	3	0
2020-07-10	$79.60	$0.00	22.1%	9.9%	15.2%	21.1%	0.0%	13.7%	-0.3%	0	-23.9K	0	102.57	N/A	N/A	0	0	3	0
2020-07-13	$78.05	$0.00	53.1%	9.8%	17.4%	72.2%	0.0%	23.4%	-6.5%	1.0K	-19.0K	-7	128.63	N/A	N/A	0	0	3	0
2020-07-14	$78.54	$0.00	60.7%	7.9%	16.8%	84.7%	0.0%	14.0%	-2.8%	1.2K	-20.3K	-5	156.10	N/A	N/A	0	0	3	0
2020-07-15	$79.64	$0.00	27.1%	7.8%	16.4%	29.4%	0.0%	9.0%	8.6%	577	-22.5K	-2	105.09	N/A	N/A	3	0	3	0
2020-07-16	$79.25	$0.00	33.6%	9.6%	16.5%	40.1%	0.0%	-0.7%	-0.4%	230	-23.5K	0	93.84	N/A	N/A	0	0	3	0
2020-07-17	$80.10	$0.00	35.6%	10.2%	16.7%	43.4%	0.0%	-6.3%	-12.1%	0	-24.0K	0	117.10	N/A	N/A	0	0	3	0
2020-07-20	$81.64	$0.00	23.9%	6.9%	17.7%	24.1%	24.1%	10.3%	0.8%	0	0	0	122.10	N/A	N/A	0	8	0	0
2020-07-21	$81.24	$73.00	30.9%	8.9%	18.0%	35.6%	0.0%	-0.5%	8.3%	-1.2K	9.1K	-41	121.64	N/A	N/A	0	0	0	8
2020-07-22	$81.67	$73.00	18.7%	5.4%	18.0%	15.5%	21.2%	-2.3%	10.7%	-1.1K	3.7K	-20	130.26	N/A	N/A	0	7	0	8
2020-07-23	$80.54	$73.00	20.9%	6.0%	16.8%	19.2%	0.0%	4.5%	-4.4%	-1.1K	4.3K	-23	157.98	N/A	N/A	0	0	0	8
2020-07-24	$79.65	$73.00	22.7%	6.5%	17.5%	22.0%	0.0%	3.3%	-2.0%	-1.2K	4.5K	-24	167.29	N/A	N/A	0	0	0	8
2020-07-27	$80.96	$73.00	22.2%	6.4%	17.7%	21.2%	0.0%	10.5%	1.0%	-750	2.2K	-12	165.85	N/A	N/A	0	0	0	8
2020-07-28	$80.19	$73.00	22.9%	6.6%	18.1%	22.4%	0.0%	2.5%	-1.2%	-1.0K	3.4K	-19	168.86	N/A	N/A	0	0	0	8
2020-07-29	$81.45	$73.00	29.8%	8.5%	17.6%	33.8%	0.0%	5.3%	-4.9%	-1.0K	4.2K	-22	172.32	N/A	N/A	0	0	0	8
2020-07-30	$81.66	$73.00	20.7%	5.9%	17.0%	18.8%	0.0%	8.6%	5.9%	-438	1.0K	-6	167.72	N/A	N/A	0	0	0	8
2020-07-31	$81.80	$73.00	22.0%	6.3%	16.9%	20.9%	0.0%	6.4%	-2.6%	-437	1.0K	-6	165.80	N/A	N/A	0	0	0	8