FTC Options History — February 2022

In February 2022, FTC traded between $99.33 and $109.11. ATM implied volatility averaged 28.8%, placing in the 57.2% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 2.3% (HV 20d: 26.5%). Max pain ranged from $109.00 to $109.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.35.

Notable Days

2022-02-23: Highest Volume — 36 contracts
2022-02-09: Largest IV drop — 35.6% change
2022-02-23: Highest IV Rank — 90.2%
2022-02-23: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$104.84	$99.33	$109.11	$106.41	$103.41
Max Pain	$109.00	$109.00	$109.00	$109.00	$109.00
ATM IV	28.8%	19.9%	40.1%	26.8%	32.2%
Expected Move	7.9%	5.7%	11.5%	7.7%	9.2%
HV 20d	26.5%	24.6%	29.9%	25.1%	29.8%
HV 60d	24.0%	22.6%	25.6%	22.6%	25.5%
IV Rank	57.2%	31.1%	90.2%	51.3%	67.1%
IV Percentile	80.4%	38.1%	98.8%	76.2%	93.7%
Term Structure	-0.5%	-7.3%	7.8%	-0.9%	-3.8%
VWIV	23.0%	16.6%	31.6%	20.0%	27.3%
Skew 25d	8.9%	1.3%	24.9%	9.4%	6.6%
Skew 10d	15.0%	8.5%	33.3%	11.2%	11.5%
Call IV 25d	25.1%	20.5%	37.9%	24.2%	24.6%
Put IV 25d	34.1%	25.9%	50.3%	33.6%	31.2%
Bid-Ask Spread %	127.74	97.84	147.98	143.81	142.05
Gamma HHI	0.36	0.28	0.43	0.39	0.29
Net GEX	3.2K	2.5K	4.7K	2.9K	4.7K
Net DEX	-12.2K	-54.8K	26.0K	-6.1K	-54.0K
Net VEX	-562	-758	-362	-563	-738
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.35	0.24	0.39	0.39	0.24
Total Volume	27.684	25	36	25	36
Total OI	27.053	25	36	25	36

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-02-01	$106.41	$0.00	26.8%	7.7%	25.1%	51.3%	0.0%	9.4%	-0.9%	2.9K	-6.1K	-563	0.39	143.81	N/A	N/A	18	7	18	7
2022-02-02	$107.75	$0.00	25.5%	7.3%	25.9%	47.6%	0.0%	10.0%	-2.5%	2.8K	-13.1K	-583	0.39	147.98	N/A	N/A	18	7	18	7
2022-02-03	$105.25	$109.00	29.8%	7.5%	24.6%	60.2%	20.0%	8.2%	-0.9%	2.7K	-14.9K	-583	0.39	128.03	N/A	N/A	18	7	18	7
2022-02-04	$106.21	$109.00	30.5%	7.1%	25.0%	62.3%	20.2%	1.7%	0.6%	2.7K	-4.4K	-545	0.39	122.14	N/A	N/A	18	7	18	7
2022-02-07	$105.81	$109.00	31.3%	7.2%	24.6%	64.4%	16.6%	10.6%	-0.6%	2.7K	-10.3K	-559	0.39	124.18	N/A	N/A	18	7	18	7
2022-02-08	$106.67	$109.00	30.8%	6.6%	24.8%	63.1%	19.8%	4.7%	0.8%	2.7K	-6.9K	-557	0.39	127.53	N/A	N/A	18	7	18	7
2022-02-09	$109.11	$109.00	19.9%	5.7%	25.4%	31.1%	20.3%	3.0%	1.5%	3.0K	-21.2K	-597	0.39	124.88	N/A	N/A	18	7	18	7
2022-02-10	$107.16	$109.00	25.3%	7.3%	25.9%	47.1%	17.4%	3.4%	-4.0%	3.0K	-29.9K	-614	0.37	123.25	N/A	N/A	19	7	18	7
2022-02-11	$104.50	$109.00	25.3%	7.2%	26.3%	46.9%	23.6%	18.7%	6.9%	3.1K	-7.5K	-539	0.37	123.14	N/A	N/A	19	7	19	7
2022-02-14	$104.03	$109.00	28.5%	8.2%	26.3%	56.4%	20.5%	4.5%	-0.9%	3.3K	2.4K	-487	0.37	139.13	N/A	N/A	19	7	19	7
2022-02-15	$105.95	$109.00	24.8%	7.1%	26.1%	45.5%	21.1%	24.9%	0.2%	3.7K	-14.9K	-567	0.37	97.84	N/A	N/A	19	7	19	7
2022-02-16	$106.53	$109.00	21.9%	6.3%	26.1%	37.1%	20.8%	1.3%	0.7%	3.7K	-3.6K	-527	0.37	142.95	N/A	N/A	19	7	19	7
2022-02-17	$103.61	$109.00	27.3%	7.8%	27.5%	52.7%	21.2%	2.6%	-1.2%	3.1K	-5.5K	-524	0.37	139.90	N/A	N/A	19	7	19	7
2022-02-18	$102.89	$109.00	29.5%	8.5%	26.6%	59.3%	22.7%	13.6%	-2.3%	2.9K	7.3K	-479	0.37	116.07	N/A	N/A	19	7	19	7
2022-02-22	$101.42	$109.00	30.9%	8.9%	27.1%	63.3%	31.6%	6.3%	-1.4%	2.7K	10.1K	-440	0.39	135.56	N/A	N/A	18	7	18	7
2022-02-23	$99.33	$109.00	40.1%	11.5%	27.8%	90.2%	31.4%	12.4%	-1.8%	2.5K	26.0K	-362	0.24	118.10	N/A	N/A	29	7	18	7
2022-02-24	$101.76	$109.00	31.8%	9.1%	28.9%	65.9%	29.8%	12.4%	7.8%	4.7K	-30.6K	-660	0.24	120.52	N/A	N/A	29	7	29	7
2022-02-25	$104.23	$109.00	34.8%	10.0%	29.9%	74.6%	27.1%	15.7%	-7.3%	4.7K	-54.8K	-758	0.24	109.94	N/A	N/A	29	7	29	7
2022-02-28	$103.41	$109.00	32.2%	9.2%	29.8%	67.1%	27.3%	6.6%	-3.8%	4.7K	-54.0K	-738	0.24	142.05	N/A	N/A	29	7	29	7