FTC Options History — September 2021

In September 2021, FTC traded between $111.51 and $119.19. ATM implied volatility averaged 18.8%, placing in the 19.9% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 6.8% (HV 20d: 11.9%). Max pain ranged from $95.00 to $102.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2021-09-13: Highest Volume — 12 contracts
2021-09-27: Largest IV spike — 48.7% change
2021-09-28: Highest IV Rank — 44.1%
2021-09-28: Largest Expected Move — 8.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$116.33	$111.51	$119.19	$117.98	$111.51
Max Pain	$95.70	$95.00	$102.00	$102.00	$95.00
ATM IV	18.8%	10.3%	28.6%	21.6%	27.5%
Expected Move	5.1%	3.0%	8.2%	6.2%	7.9%
HV 20d	11.9%	9.1%	17.6%	9.3%	17.4%
HV 60d	12.2%	11.2%	14.5%	11.2%	14.5%
IV Rank	19.9%	2.5%	44.1%	17.9%	41.4%
IV Percentile	25.5%	0.8%	78.2%	29.8%	71.4%
Term Structure	-3.6%	-19.8%	3.0%	-6.6%	-19.8%
VWIV	37.0%	25.0%	48.9%	48.9%	25.0%
Skew 25d	4.1%	-0.8%	13.5%	4.8%	-0.8%
Skew 10d	7.7%	2.7%	18.9%	11.9%	3.2%
Call IV 25d	18.6%	8.5%	39.2%	23.3%	39.2%
Put IV 25d	22.7%	10.9%	38.4%	28.1%	38.4%
Bid-Ask Spread %	136.32	121.49	157.10	157.10	142.29
Gamma HHI	0.37	0.23	0.62	0.23	0.46
Net GEX	4.5K	1.6K	7.3K	1.7K	6.6K
Net DEX	-90.9K	-135.9K	-48.5K	-54.5K	-85.7K
Net VEX	-300	-432	-143	-168	-410
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	0.857	0	12	2	3
Total OI	16.952	11	21	12	21

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	Put Vol	Call OI	Put OI
2021-09-01	$117.98	$0.00	21.6%	6.2%	9.3%	17.9%	0.0%	4.8%	-6.6%	1.7K	-54.5K	-168	157.10	N/A	N/A	0	2	7	5
2021-09-02	$118.42	$102.00	20.9%	4.2%	9.3%	16.9%	0.0%	2.6%	-1.6%	1.7K	-57.7K	-161	136.28	N/A	N/A	0	0	7	6
2021-09-03	$119.19	$102.00	23.1%	4.3%	9.1%	20.2%	0.0%	3.6%	-2.4%	1.6K	-60.4K	-154	136.52	N/A	N/A	0	0	7	6
2021-09-07	$118.47	$95.00	19.3%	4.5%	9.4%	14.7%	0.0%	10.1%	-1.8%	1.9K	-60.0K	-143	135.88	N/A	N/A	0	0	7	4
2021-09-08	$117.84	$95.00	13.4%	3.8%	9.4%	9.4%	0.0%	13.5%	2.6%	2.0K	-55.3K	-163	134.19	N/A	N/A	0	0	7	4
2021-09-09	$117.93	$95.00	10.3%	3.0%	9.1%	2.5%	0.0%	2.0%	3.0%	2.1K	-57.0K	-146	135.56	N/A	N/A	0	0	7	4
2021-09-10	$117.24	$95.00	15.3%	4.4%	9.4%	13.9%	0.0%	9.4%	1.9%	1.9K	-53.4K	-167	128.49	N/A	N/A	0	0	7	4
2021-09-13	$115.99	$95.00	16.7%	4.8%	10.3%	17.1%	0.0%	7.0%	-2.5%	2.1K	-48.5K	-172	126.20	N/A	N/A	12	0	7	4
2021-09-14	$116.09	$95.00	14.5%	4.2%	10.3%	12.0%	0.0%	-0.8%	1.8%	2.1K	-49.5K	-163	127.50	N/A	N/A	0	0	7	4
2021-09-15	$117.24	$95.00	13.0%	3.7%	10.3%	8.5%	48.9%	4.9%	2.4%	7.2K	-130.8K	-406	135.90	N/A	N/A	0	1	17	4
2021-09-16	$117.60	$95.00	17.7%	5.1%	10.1%	19.3%	0.0%	3.5%	-4.7%	6.1K	-131.3K	-414	137.80	N/A	N/A	0	0	17	4
2021-09-17	$116.60	$95.00	13.9%	4.0%	10.7%	10.7%	0.0%	0.2%	-2.9%	6.0K	-131.8K	-394	139.05	N/A	N/A	0	0	17	4
2021-09-20	$114.03	$95.00	20.2%	5.8%	13.2%	24.9%	0.0%	0.4%	-3.1%	6.4K	-105.9K	-432	137.58	N/A	N/A	0	0	17	4
2021-09-21	$115.16	$95.00	18.0%	5.2%	13.0%	20.1%	0.0%	3.9%	-2.8%	6.4K	-116.3K	-419	144.34	N/A	N/A	0	0	17	4
2021-09-22	$116.47	$95.00	20.6%	5.9%	13.5%	25.8%	0.0%	4.4%	-6.0%	6.5K	-127.3K	-397	137.84	N/A	N/A	0	0	17	4
2021-09-23	$117.75	$95.00	15.4%	4.4%	13.9%	14.1%	0.0%	2.7%	-4.1%	5.7K	-135.9K	-372	129.54	N/A	N/A	0	0	17	4
2021-09-24	$117.36	$95.00	16.2%	4.6%	13.9%	15.8%	0.0%	5.1%	-3.2%	7.3K	-132.7K	-392	121.49	N/A	N/A	0	0	17	4
2021-09-27	$115.76	$95.00	24.0%	6.9%	14.4%	33.6%	0.0%	1.6%	-11.6%	6.7K	-125.5K	-391	138.69	N/A	N/A	0	0	17	4
2021-09-28	$112.30	$95.00	28.6%	8.2%	17.6%	44.1%	0.0%	2.4%	-7.2%	5.6K	-97.3K	-418	140.22	N/A	N/A	0	0	17	4
2021-09-29	$111.98	$95.00	24.5%	7.0%	17.5%	34.7%	0.0%	5.8%	-6.6%	6.4K	-92.1K	-414	140.29	N/A	N/A	0	0	17	4
2021-09-30	$111.51	$95.00	27.5%	7.9%	17.4%	41.4%	25.0%	-0.8%	-19.8%	6.6K	-85.7K	-410	142.29	N/A	N/A	3	0	17	4