FTC Options History — January 2023

In January 2023, FTC traded between $90.31 and $95.29. ATM implied volatility averaged 26.0%, placing in the 18.0% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 8.5% (HV 20d: 17.5%). Max pain ranged from $89.00 to $91.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-01-05: Highest Volume — 40 contracts
  • 2023-01-17: Largest IV spike — 75.4% change
  • 2023-01-03: Highest IV Rank — 43.0%
  • 2023-01-03: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$93.47$90.31$95.29$90.31$94.92
Max Pain$90.80$89.00$91.00$89.00$91.00
ATM IV26.0%16.2%40.0%40.0%29.6%
Expected Move7.3%4.7%11.5%11.5%8.5%
HV 20d17.5%14.3%19.7%19.3%14.4%
HV 60d20.8%19.5%22.6%22.6%19.5%
IV Rank18.0%0.6%43.0%43.0%24.4%
IV Percentile27.3%0.4%86.9%86.9%42.9%
Term Structure-6.5%-23.2%6.4%-23.2%-13.4%
Skew 25d0.3%-9.3%8.6%8.6%-5.7%
Skew 10d0.4%-16.8%11.2%-3.3%-5.5%
Call IV 25d30.1%18.4%36.7%28.0%36.7%
Put IV 25d30.4%21.1%41.8%36.5%31.0%
Bid-Ask Spread %138.92102.06161.21138.67161.21
Gamma HHI0.340.200.520.440.43
Net GEX-16.7K-51.0K16.0K-41.7K16.0K
Net DEX-137.4K-479.4K480.5K480.5K-153.4K
Net VEX-3.2K-4.0K-2.6K-3.0K-3.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume5.9040180
Total OI267.45118357279138

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$90.31$89.0040.0%11.5%19.3%43.0%0.0%8.6%-23.2%-41.7K480.5K-3.0K0.00138.67N/AN/A18096183
2023-01-04$90.52$89.0031.3%9.0%18.1%27.6%0.0%7.2%-11.9%-34.3K421.4K-3.2K0.00143.29N/AN/A00114183
2023-01-05$90.34$91.0035.7%7.9%17.4%35.4%0.0%4.0%-0.5%-29.0K381.7K-3.1K0.00131.68N/AN/A400114183
2023-01-06$92.53$91.0026.7%7.0%19.7%19.4%0.0%6.7%-1.0%-23.5K-194.9K-3.9K0.00134.95N/AN/A00154183
2023-01-09$92.61$91.0031.5%7.8%19.7%27.9%0.0%-7.2%0.7%-12.1K-175.7K-4.0K0.00102.06N/AN/A020154183
2023-01-10$92.99$91.0024.4%7.8%19.5%15.2%0.0%7.7%-9.8%-39.4K-129.5K-3.9K0.00106.15N/AN/A00154203
2023-01-11$93.78$91.0023.8%6.8%19.2%14.1%0.0%7.7%-9.8%-30.7K-200.3K-3.8K0.00113.09N/AN/A00154203
2023-01-12$94.38$91.0019.1%5.5%19.0%5.8%0.0%-3.7%6.4%-51.0K-391.7K-3.4K0.00119.63N/AN/A00154203
2023-01-13$94.85$91.0016.2%4.7%19.0%0.6%0.0%1.9%3.1%-34.5K-479.4K-3.5K0.00136.30N/AN/A00154203
2023-01-17$94.59$91.0028.5%8.2%17.6%22.4%0.0%2.1%-7.7%-40.6K-425.2K-3.2K0.00132.07N/AN/A00154203
2023-01-18$93.29$91.0022.9%6.6%18.0%12.6%0.0%3.1%3.0%-18.3K-396.1K-2.9K0.00160.11N/AN/A00154203
2023-01-19$92.84$91.0027.9%8.0%17.4%21.4%0.0%-2.9%-16.6%-36.6K-126.9K-3.0K0.00154.71N/AN/A00154203
2023-01-20$93.66$91.0023.7%6.8%17.4%14.0%0.0%-6.0%-7.0%-24.6K-333.3K-2.6K0.00140.87N/AN/A020154203
2023-01-23$94.67$91.0019.8%5.7%17.4%6.9%0.0%-6.3%-10.5%12.9K-244.0K-2.6K0.00158.02N/AN/A0207840
2023-01-24$94.34$91.0024.5%7.0%15.8%15.4%0.0%-4.5%-9.8%11.8K-151.1K-3.2K0.00158.59N/AN/A007860
2023-01-25$94.25$91.0023.1%6.6%15.6%12.8%0.0%-9.3%-12.6%10.5K-114.8K-3.2K0.00148.44N/AN/A007860
2023-01-26$95.22$91.0025.2%7.2%15.9%16.6%0.0%0.5%-12.8%12.4K-170.8K-3.1K0.00160.47N/AN/A007860
2023-01-27$95.29$91.0019.1%5.5%14.3%5.8%0.0%3.3%4.1%10.2K-187.2K-3.1K0.00156.21N/AN/A007860
2023-01-30$94.09$91.0026.3%7.5%14.5%18.5%0.0%-1.6%-0.3%9.4K-156.5K-3.1K0.00121.87N/AN/A007860
2023-01-31$94.92$91.0029.6%8.5%14.4%24.4%0.0%-5.7%-13.4%16.0K-153.4K-3.0K0.00161.21N/AN/A007860