FTC Options History — May 2022

In May 2022, FTC traded between $90.35 and $99.72. ATM implied volatility averaged 36.3%, placing in the 58.8% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 3.5% (HV 20d: 32.9%). Max pain ranged from $91.00 to $104.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.59.

Notable Days

2022-05-19: Highest Volume — 56 contracts
2022-05-10: Largest IV spike — 24.1% change
2022-05-10: Highest IV Rank — 84.1%
2022-05-02: Largest Expected Move — 13.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$93.75	$90.35	$99.72	$96.02	$96.49
Max Pain	$98.10	$91.00	$104.00	$104.00	$91.00
ATM IV	36.3%	28.9%	48.0%	46.5%	31.4%
Expected Move	10.2%	8.3%	13.3%	13.3%	9.0%
HV 20d	32.9%	23.7%	37.0%	24.0%	36.3%
HV 60d	29.6%	27.3%	31.2%	27.3%	30.2%
IV Rank	58.8%	42.6%	84.1%	80.7%	48.1%
IV Percentile	87.2%	71.4%	98.8%	98.4%	78.2%
Term Structure	-2.3%	-15.4%	9.8%	-7.1%	0.3%
VWIV	34.3%	26.3%	44.2%	44.2%	26.3%
Skew 25d	4.2%	-10.4%	18.1%	3.4%	3.8%
Skew 10d	11.0%	-6.7%	28.0%	2.9%	10.9%
Call IV 25d	35.5%	20.1%	49.3%	45.5%	29.1%
Put IV 25d	39.7%	29.4%	49.7%	48.9%	32.8%
Bid-Ask Spread %	113.03	96.99	138.18	118.35	128.51
Gamma HHI	0.30	0.19	0.50	0.19	0.38
Net GEX	3.1K	-1.2K	10.7K	717	7.9K
Net DEX	60.8K	-117.6K	163.7K	68.4K	-117.6K
Net VEX	-451	-714	-324	-714	-386
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.59	0.13	0.77	0.77	0.13
Total Volume	49.095	34	56	55	34
Total OI	59.619	43	75	64	43

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	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-05-02	$96.02	$104.00	46.5%	13.3%	24.0%	80.7%	44.2%	3.4%	-7.1%	717	68.4K	-714	0.77	118.35	N/A	N/A	31	24	40	24
2022-05-03	$96.81	$104.00	44.6%	12.8%	23.7%	76.7%	29.4%	18.1%	-6.8%	-722	85.3K	-609	0.77	114.28	N/A	N/A	31	24	41	24
2022-05-04	$99.72	$104.00	36.3%	10.4%	26.1%	58.6%	37.4%	-3.5%	-11.5%	-586	66.9K	-650	0.77	137.67	N/A	N/A	31	24	41	24
2022-05-05	$95.90	$102.00	35.4%	10.0%	29.0%	56.8%	35.5%	11.2%	2.3%	1.5K	56.7K	-647	0.77	107.92	N/A	N/A	31	24	41	24
2022-05-06	$95.51	$102.00	36.4%	9.3%	28.4%	59.0%	31.6%	-7.8%	-0.4%	-1.2K	121.3K	-517	0.77	101.72	N/A	N/A	31	24	41	24
2022-05-09	$91.15	$102.00	38.7%	10.8%	32.0%	63.9%	33.7%	4.4%	-6.0%	137	138.6K	-441	0.77	107.84	N/A	N/A	31	24	41	24
2022-05-10	$91.44	$102.00	48.0%	11.7%	31.9%	84.1%	32.4%	14.7%	-3.5%	312	141.9K	-430	0.77	100.18	N/A	N/A	31	24	41	24
2022-05-11	$90.54	$102.00	40.4%	11.6%	31.9%	67.6%	44.2%	-1.7%	-4.3%	462	140.5K	-409	0.77	99.23	N/A	N/A	31	24	41	24
2022-05-12	$90.35	$102.00	39.2%	11.2%	30.9%	65.0%	43.6%	-10.4%	-10.6%	890	149.4K	-396	0.77	117.15	N/A	N/A	31	24	41	24
2022-05-13	$93.82	$102.00	37.3%	10.7%	34.7%	60.8%	39.7%	-0.6%	-4.3%	50	133.1K	-435	0.77	105.23	N/A	N/A	31	24	41	24
2022-05-16	$93.34	$102.00	28.9%	8.3%	34.7%	42.8%	29.9%	-2.9%	9.8%	-107	158.4K	-344	0.77	97.53	N/A	N/A	31	24	41	24
2022-05-17	$94.96	$102.00	32.1%	9.2%	34.6%	49.7%	28.7%	12.0%	9.5%	-335	155.8K	-376	0.77	96.99	N/A	N/A	31	24	41	24
2022-05-18	$90.90	$102.00	37.2%	10.7%	36.9%	60.7%	31.4%	-0.9%	3.1%	1.4K	163.7K	-324	0.77	105.73	N/A	N/A	31	24	41	24
2022-05-19	$91.04	$91.00	32.1%	9.2%	36.5%	49.7%	38.4%	15.6%	-6.5%	6.3K	117.6K	-405	0.75	121.85	N/A	N/A	32	24	51	24
2022-05-20	$90.88	$91.00	34.6%	9.9%	36.0%	55.0%	27.0%	15.3%	0.2%	6.0K	120.6K	-388	0.75	109.12	N/A	N/A	32	24	51	24
2022-05-23	$92.23	$91.00	37.2%	10.7%	36.6%	60.7%	28.5%	-5.6%	-0.0%	7.3K	-69.3K	-389	0.13	107.88	N/A	N/A	30	4	39	4
2022-05-24	$91.93	$91.00	33.2%	9.5%	36.2%	52.1%	34.6%	8.2%	0.9%	7.4K	-66.7K	-385	0.13	111.61	N/A	N/A	30	4	39	4
2022-05-25	$93.07	$91.00	28.9%	8.3%	36.5%	42.6%	32.2%	5.2%	4.6%	8.1K	-79.0K	-413	0.13	138.18	N/A	N/A	30	4	39	4
2022-05-26	$95.34	$91.00	31.7%	9.1%	37.0%	48.8%	31.7%	7.6%	-2.2%	10.7K	-98.0K	-391	0.13	122.52	N/A	N/A	30	4	39	4
2022-05-27	$97.41	$91.00	33.1%	9.5%	36.3%	51.8%	39.4%	3.1%	-15.4%	7.9K	-110.5K	-425	0.13	124.06	N/A	N/A	30	4	39	4
2022-05-31	$96.49	$91.00	31.4%	9.0%	36.3%	48.1%	26.3%	3.8%	0.3%	7.9K	-117.6K	-386	0.13	128.51	N/A	N/A	30	4	39	4