FTC Options History — July 2021

In July 2021, FTC traded between $107.37 and $113.24. ATM implied volatility averaged 19.6%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 8.1% (HV 20d: 11.5%). Max pain ranged from $100.00 to $100.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2021-07-14: Highest Volume — 20 contracts
2021-07-16: Largest IV spike — 75.0% change
2021-07-07: Highest IV Rank — 24.6%
2021-07-16: Largest Expected Move — 7.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$110.56	$107.37	$113.24	$109.77	$112.62
Max Pain	$100.00	$100.00	$100.00	$100.00	$100.00
ATM IV	19.6%	14.3%	26.7%	18.3%	14.3%
Expected Move	5.4%	4.1%	7.2%	5.2%	4.1%
HV 20d	11.5%	8.2%	14.8%	8.8%	14.8%
HV 60d	15.7%	15.3%	16.1%	16.0%	15.5%
IV Rank	14.1%	6.4%	24.6%	12.1%	6.4%
IV Percentile	18.5%	1.6%	58.7%	7.1%	1.6%
Term Structure	-3.4%	-10.3%	7.7%	-6.0%	-0.8%
Skew 25d	5.3%	-7.8%	21.8%	4.1%	-0.9%
Skew 10d	8.2%	-14.7%	20.9%	9.7%	5.1%
Call IV 25d	18.6%	7.5%	30.2%	19.8%	15.1%
Put IV 25d	23.9%	14.2%	30.5%	23.8%	14.2%
Bid-Ask Spread %	117.43	75.44	166.18	109.22	162.38
Gamma HHI	0.63	0.33	0.99	0.69	0.33
Net GEX	60.8K	605	158.8K	98.5K	1.8K
Net DEX	-571.0K	-1.2M	-14.0K	-1.1M	-42.4K
Net VEX	-353	-970	-93	-970	-146
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	1.048	0	20	0	0
Total OI	91.762	7	172	172	9

Daily Data (21 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	Put OI
2021-07-01	$109.77	$100.00	18.3%	5.2%	8.8%	12.1%	0.0%	4.1%	-6.0%	98.5K	-1.1M	-970	109.22	N/A	N/A	0	136	36
2021-07-02	$110.33	$100.00	17.8%	5.1%	8.3%	11.4%	0.0%	0.7%	-1.2%	95.0K	-1.1M	-850	111.26	N/A	N/A	0	136	36
2021-07-06	$110.49	$0.00	18.2%	5.7%	8.2%	12.0%	0.0%	9.5%	-4.8%	95.3K	-1.2M	-656	75.44	N/A	N/A	0	136	35
2021-07-07	$110.10	$0.00	26.7%	5.6%	8.5%	24.6%	0.0%	4.8%	0.8%	78.1K	-1.1M	-847	118.93	N/A	N/A	0	136	35
2021-07-08	$109.04	$0.00	22.0%	5.6%	9.5%	17.6%	0.0%	-7.8%	-3.6%	118.8K	-1.0M	-648	96.43	N/A	N/A	0	136	35
2021-07-09	$110.28	$0.00	26.7%	5.4%	10.0%	24.5%	0.0%	1.4%	-2.5%	94.3K	-1.1M	-625	86.09	N/A	N/A	0	136	35
2021-07-12	$110.44	$0.00	24.4%	6.6%	10.0%	21.2%	0.0%	17.1%	-6.8%	131.1K	-1.2M	-445	98.26	N/A	N/A	0	136	35
2021-07-13	$109.81	$0.00	19.9%	5.1%	10.3%	14.6%	0.0%	11.2%	-1.0%	151.1K	-1.2M	-399	108.37	N/A	N/A	0	136	35
2021-07-14	$108.84	$0.00	17.5%	5.0%	10.7%	11.0%	0.0%	1.6%	7.7%	128.3K	-976.8K	-370	114.32	N/A	N/A	20	136	35
2021-07-15	$108.36	$0.00	14.4%	4.1%	10.9%	6.5%	0.0%	-4.8%	0.7%	116.1K	-869.0K	-276	116.25	N/A	N/A	0	120	35
2021-07-16	$108.15	$0.00	25.2%	7.2%	10.6%	22.4%	0.0%	2.8%	-5.3%	158.8K	-802.2K	-151	110.20	N/A	N/A	0	120	35
2021-07-19	$107.37	$0.00	18.9%	5.4%	10.5%	13.1%	0.0%	-0.3%	-1.2%	605	-14.0K	-129	114.35	N/A	N/A	0	4	3
2021-07-20	$110.11	$0.00	15.7%	4.5%	13.4%	8.4%	0.0%	11.2%	-4.1%	968	-20.9K	-112	138.48	N/A	N/A	0	4	3
2021-07-21	$110.62	$0.00	16.2%	4.7%	12.8%	9.2%	0.0%	13.6%	-4.9%	773	-25.9K	-93	129.95	N/A	N/A	0	4	3
2021-07-22	$111.43	$0.00	16.5%	4.7%	12.9%	9.5%	0.0%	9.1%	-3.0%	838	-24.9K	-112	118.73	N/A	N/A	0	4	3
2021-07-23	$113.15	$0.00	20.2%	5.8%	13.8%	15.1%	0.0%	4.7%	-10.3%	831	-29.3K	-99	105.30	N/A	N/A	0	4	3
2021-07-26	$112.74	$0.00	17.8%	5.1%	13.9%	11.5%	0.0%	1.1%	-7.9%	767	-28.5K	-96	127.94	N/A	N/A	2	4	3
2021-07-27	$111.71	$0.00	19.0%	5.5%	14.2%	13.3%	0.0%	21.8%	-4.4%	763	-24.4K	-112	114.46	N/A	N/A	0	4	3
2021-07-28	$113.08	$0.00	20.3%	5.8%	14.6%	15.1%	0.0%	7.3%	-6.4%	1.9K	-44.2K	-130	143.41	N/A	N/A	0	6	3
2021-07-29	$113.24	$0.00	21.6%	6.2%	14.6%	17.1%	0.0%	3.4%	-7.1%	1.8K	-44.5K	-138	166.18	N/A	N/A	0	6	3
2021-07-30	$112.62	$0.00	14.3%	4.1%	14.8%	6.4%	0.0%	-0.9%	-0.8%	1.8K	-42.4K	-146	162.38	N/A	N/A	0	6	3