FTC Options History — March 2021

In March 2021, FTC traded between $92.35 and $101.97. ATM implied volatility averaged 28.0%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded below realized volatility by 3.9% (HV 20d: 31.9%). Max pain ranged from $95.00 to $109.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.00.

Notable Days

  • 2021-03-16: Highest Volume — 59 contracts
  • 2021-03-03: Largest IV spike — 58.1% change
  • 2021-03-08: Highest IV Rank — 35.9%
  • 2021-03-01: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$96.60$92.35$101.97$101.97$97.89
Max Pain$104.30$95.00$109.00$109.00$105.00
ATM IV28.0%20.5%38.7%34.6%28.2%
Expected Move7.6%5.4%9.9%9.9%8.1%
HV 20d31.9%24.6%35.8%24.9%28.8%
HV 60d25.2%21.1%26.8%21.1%26.8%
IV Rank18.5%6.3%35.9%29.3%18.8%
IV Percentile40.4%6.0%74.2%64.7%46.8%
Term Structure-0.6%-15.1%7.7%-15.1%-3.8%
VWIV26.3%26.3%26.3%26.3%26.3%
Skew 25d6.4%-0.2%17.1%13.4%7.4%
Skew 10d7.3%-5.1%22.3%12.4%3.6%
Call IV 25d26.0%16.7%35.6%24.3%31.4%
Put IV 25d32.4%20.3%41.2%37.7%38.7%
Bid-Ask Spread %130.04113.88160.84117.83125.68
Gamma HHI0.590.460.840.570.49
Net GEX24.5K14.3K36.9K22.0K36.9K
Net DEX-264.8K-395.9K-145.8K-321.1K-343.4K
Net VEX-1.7K-2.5K-1.0K-1.5K-2.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume3.957059015
Total OI106.4787314773131

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$101.97$109.0034.6%9.9%24.9%29.3%0.0%13.4%-15.1%22.0K-321.1K-1.5K0.00117.83N/AN/A00730
2021-03-02$100.62$95.0020.5%5.9%24.6%6.3%0.0%11.6%6.2%21.8K-325.7K-1.5K0.00133.38N/AN/A00740
2021-03-03$96.72$95.0032.3%9.3%27.1%25.6%0.0%0.8%-6.8%17.4K-229.9K-1.3K0.00160.84N/AN/A00740
2021-03-04$93.48$105.0032.7%8.4%29.4%26.1%0.0%-0.2%0.3%14.3K-175.5K-1.1K0.00124.27N/AN/A00740
2021-03-05$94.45$105.0027.9%5.4%29.4%18.3%0.0%2.2%5.6%14.4K-145.8K-1.0K0.00122.34N/AN/A00740
2021-03-08$92.35$105.0038.7%7.0%29.6%35.9%0.0%2.0%5.1%15.2K-145.8K-1.0K0.00122.54N/AN/A00740
2021-03-09$95.71$105.0029.4%6.4%32.7%20.7%0.0%15.0%2.5%16.4K-188.0K-1.2K0.00113.88N/AN/A150740
2021-03-10$95.26$105.0024.9%7.1%32.4%13.4%0.0%12.2%0.8%20.1K-230.5K-1.4K0.00124.65N/AN/A00890
2021-03-11$98.08$105.0023.9%6.9%34.6%11.9%0.0%4.5%1.5%22.4K-268.6K-1.6K0.00139.21N/AN/A10890
2021-03-12$97.37$105.0024.3%7.0%34.3%12.5%0.0%4.4%1.6%22.2K-242.6K-1.5K0.00140.45N/AN/A00890
2021-03-15$98.42$105.0023.3%6.7%34.3%10.8%0.0%9.6%6.7%21.6K-260.9K-1.5K0.00117.26N/AN/A00880
2021-03-16$98.32$105.0024.7%7.1%34.3%13.2%0.0%4.8%2.0%20.9K-256.2K-1.5K0.00124.81N/AN/A590880
2021-03-17$98.16$105.0025.4%7.3%34.2%14.2%0.0%4.1%0.6%35.3K-395.9K-2.5K0.00130.39N/AN/A101470
2021-03-18$95.38$105.0028.4%8.2%35.4%19.2%0.0%0.3%7.7%27.3K-284.3K-2.0K0.00120.00N/AN/A001470
2021-03-19$96.55$105.0026.3%7.5%35.8%15.7%0.0%10.8%0.4%29.8K-305.1K-2.1K0.00137.19N/AN/A001470
2021-03-22$97.64$105.0027.9%8.0%34.4%18.3%0.0%4.1%-2.4%32.2K-342.7K-2.2K0.00146.99N/AN/A001310
2021-03-23$96.41$105.0027.2%7.8%34.6%17.2%0.0%1.7%-3.2%31.3K-321.8K-2.1K0.00140.06N/AN/A001310
2021-03-24$94.91$105.0024.7%7.1%34.8%13.2%0.0%0.3%-7.3%29.5K-275.4K-1.9K0.00138.04N/AN/A001310
2021-03-25$94.76$105.0029.8%8.5%32.9%21.4%0.0%4.8%-1.6%25.8K-213.1K-1.6K0.00137.65N/AN/A001310
2021-03-26$95.94$105.0028.6%8.2%32.7%19.5%0.0%17.1%-4.8%29.1K-259.3K-1.8K0.00142.36N/AN/A001310
2021-03-29$95.61$105.0031.6%9.1%31.1%24.3%0.0%13.9%-5.7%28.7K-287.6K-2.0K0.00117.04N/AN/A001310
2021-03-30$95.70$105.0028.0%8.0%30.9%18.5%0.0%2.0%-4.7%29.5K-270.3K-1.9K0.00114.02N/AN/A001310
2021-03-31$97.89$105.0028.2%8.1%28.8%18.8%26.3%7.4%-3.8%36.9K-343.4K-2.1K0.00125.68N/AN/A1501310