FTC Options History — April 2022

In April 2022, FTC traded between $96.82 and $107.51. ATM implied volatility averaged 34.4%, placing in the 55.4% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 11.2% (HV 20d: 23.2%). Max pain ranged from $104.00 to $104.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.82.

Notable Days

2022-04-22: Highest Volume — 63 contracts
2022-04-11: Largest IV spike — 83.2% change
2022-04-11: Highest IV Rank — 100.0%
2022-04-28: Largest Expected Move — 12.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$102.87	$96.82	$107.51	$106.31	$96.82
Max Pain	$104.00	$104.00	$104.00	$104.00	$104.00
ATM IV	34.4%	18.4%	55.3%	32.2%	29.3%
Expected Move	8.3%	5.3%	12.8%	7.7%	8.4%
HV 20d	23.2%	20.0%	29.3%	29.3%	24.0%
HV 60d	27.4%	27.0%	27.9%	27.4%	27.6%
IV Rank	55.4%	20.0%	100.0%	52.3%	43.6%
IV Percentile	82.6%	32.5%	100.0%	91.3%	78.2%
Term Structure	-0.5%	-18.4%	13.5%	-4.3%	1.2%
VWIV	29.7%	22.8%	35.5%	30.8%	31.0%
Skew 25d	9.0%	-1.1%	24.0%	1.0%	24.0%
Skew 10d	11.0%	-3.1%	32.5%	32.5%	29.5%
Call IV 25d	24.6%	10.3%	38.2%	30.1%	25.7%
Put IV 25d	33.7%	25.7%	49.7%	31.1%	49.7%
Bid-Ask Spread %	109.33	83.27	134.28	83.27	125.95
Gamma HHI	0.21	0.19	0.26	0.20	0.20
Net GEX	-928	-5.4K	3.5K	157	-611
Net DEX	10.0K	-67.3K	61.6K	-12.8K	58.1K
Net VEX	-829	-968	-684	-942	-684
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.62	0.90	0.90	0.80
Total Volume	53.3	0	63	55	54
Total OI	57.6	51	64	55	64

Daily Data (20 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
2022-04-01	$106.31	$104.00	32.2%	7.7%	29.3%	52.3%	30.8%	1.0%	-4.3%	157	-12.8K	-942	0.90	83.27	N/A	N/A	29	26	29	26
2022-04-04	$107.51	$104.00	30.0%	6.6%	25.8%	47.3%	26.9%	-1.1%	0.2%	-198	-33.7K	-915	0.90	98.52	N/A	N/A	29	26	29	26
2022-04-05	$105.41	$104.00	45.6%	7.3%	27.1%	82.6%	35.5%	7.4%	8.1%	-1.8K	-22.4K	-968	0.90	101.16	N/A	N/A	29	26	29	26
2022-04-06	$104.26	$104.00	38.0%	8.6%	24.9%	65.4%	31.8%	2.4%	1.2%	-1.7K	7.4K	-948	0.90	113.65	N/A	N/A	29	26	29	26
2022-04-07	$105.47	$104.00	28.7%	7.5%	24.8%	44.2%	33.0%	8.8%	5.3%	-322	10.7K	-917	0.90	99.44	N/A	N/A	29	26	29	26
2022-04-08	$105.34	$104.00	30.2%	6.0%	24.1%	47.8%	23.9%	3.9%	2.8%	-3.0K	18.9K	-812	0.90	126.43	N/A	N/A	29	26	29	26
2022-04-11	$103.46	$104.00	55.3%	8.4%	24.1%	100.0%	27.5%	4.0%	-3.0%	-2.3K	25.2K	-865	0.90	94.95	N/A	N/A	29	26	29	26
2022-04-12	$103.11	$104.00	55.1%	6.8%	22.9%	99.5%	28.8%	4.6%	13.5%	-2.0K	12.7K	-843	0.90	100.54	N/A	N/A	29	26	29	25
2022-04-13	$104.74	$104.00	18.4%	5.3%	21.9%	20.0%	28.9%	11.6%	7.5%	-1.3K	-4.4K	-857	0.90	102.38	N/A	N/A	29	26	29	24
2022-04-14	$103.78	$104.00	24.6%	7.0%	20.7%	33.3%	26.2%	7.6%	-2.0%	-2.8K	4.4K	-780	0.90	103.31	N/A	N/A	29	26	29	24
2022-04-18	$102.62	$104.00	28.5%	8.2%	20.0%	42.0%	29.4%	14.3%	-11.6%	-4.1K	5.6K	-841	0.89	98.41	N/A	N/A	27	24	27	24
2022-04-19	$104.50	$104.00	27.0%	7.7%	21.0%	38.6%	27.5%	11.5%	-2.3%	-5.4K	11.7K	-772	0.63	113.20	N/A	N/A	38	24	27	24
2022-04-20	$105.26	$104.00	33.9%	9.7%	20.5%	53.5%	27.3%	20.1%	-8.2%	3.3K	-67.3K	-933	0.63	108.25	N/A	N/A	38	24	38	24
2022-04-21	$102.80	$104.00	23.8%	6.8%	21.8%	31.6%	22.8%	13.0%	5.4%	3.5K	-66.1K	-885	0.63	126.77	N/A	N/A	38	24	38	24
2022-04-22	$100.46	$104.00	38.9%	11.1%	22.6%	64.3%	32.2%	15.8%	-2.3%	761	27.2K	-759	0.62	113.25	N/A	N/A	39	24	38	24
2022-04-25	$99.76	$104.00	38.9%	11.1%	22.6%	64.3%	35.2%	11.7%	-5.9%	-936	58.2K	-716	0.80	113.47	N/A	N/A	30	24	39	24
2022-04-26	$97.83	$104.00	38.2%	10.9%	22.9%	62.8%	32.5%	4.9%	-3.5%	107	57.7K	-723	0.80	107.30	N/A	N/A	30	24	40	24
2022-04-27	$98.12	$104.00	26.6%	7.6%	20.8%	37.7%	0.0%	2.4%	5.7%	-652	61.6K	-700	0.00	134.28	N/A	N/A	0	0	40	24
2022-04-28	$99.90	$104.00	44.6%	12.8%	21.9%	76.6%	33.8%	13.2%	-18.4%	736	47.6K	-722	0.80	121.96	N/A	N/A	30	24	40	24
2022-04-29	$96.82	$104.00	29.3%	8.4%	24.0%	43.6%	31.0%	24.0%	1.2%	-611	58.1K	-684	0.80	125.95	N/A	N/A	30	24	40	24