FTC Options History — March 2023

In March 2023, FTC traded between $88.05 and $94.82. ATM implied volatility averaged 26.8%, placing in the 21.2% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 9.3% (HV 20d: 17.4%). Max pain ranged from $93.00 to $93.00. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-03-06: Highest Volume — 40 contracts
  • 2023-03-13: Largest IV spike — 82.7% change
  • 2023-03-13: Highest IV Rank — 87.0%
  • 2023-03-14: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$91.00$88.05$94.82$92.68$92.75
Max Pain$93.00$93.00$93.00$93.00$93.00
ATM IV26.8%16.1%64.5%27.2%21.3%
Expected Move6.4%4.0%8.1%7.8%6.1%
HV 20d17.4%12.9%21.5%13.5%21.1%
HV 60d16.3%15.4%17.1%16.0%16.7%
IV Rank21.2%2.6%87.0%22.1%11.8%
IV Percentile30.1%1.2%99.2%34.1%13.1%
Term Structure-2.3%-11.9%12.0%-11.2%-7.9%
Skew 25d1.6%-11.0%19.0%2.5%-11.0%
Skew 10d4.0%-14.1%20.2%8.2%-14.1%
Call IV 25d22.2%12.9%32.0%16.7%26.6%
Put IV 25d23.8%14.8%37.0%19.2%15.7%
Bid-Ask Spread %138.33114.91157.00114.91157.00
Gamma HHI0.330.200.560.540.20
Net GEX1.4K-3.8K9.2K-3.5K9.2K
Net DEX148.7K-14.2K276.2K148.9K45.0K
Net VEX-2.5K-3.2K-2.0K-3.1K-2.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume5.34804000
Total OI134.913121148148121

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$92.68$0.0027.2%7.8%13.5%22.1%0.0%2.5%-11.2%-3.5K148.9K-3.1K0.00114.91N/AN/A006880
2023-03-02$93.85$0.0017.5%5.0%12.9%5.0%0.0%-10.0%1.0%-3.8K70.9K-3.1K0.00122.38N/AN/A006880
2023-03-03$94.82$0.0026.2%7.5%13.4%20.3%0.0%-0.1%-10.7%-3.3K100.5K-3.2K0.00152.64N/AN/A006880
2023-03-06$94.44$93.0025.0%4.0%13.3%18.2%0.0%3.0%12.0%-2.6K110.4K-3.1K0.00122.50N/AN/A0406880
2023-03-07$93.25$93.0025.1%5.5%13.9%18.4%0.0%2.0%-3.3%3.7K-14.2K-2.6K0.00122.87N/AN/A006860
2023-03-08$93.11$93.0026.6%5.0%13.1%21.0%0.0%1.3%-0.5%3.8K34.6K-2.6K0.00129.62N/AN/A006860
2023-03-09$91.73$93.0027.7%6.0%13.9%22.8%0.0%-0.1%4.2%2.2K121.6K-2.4K0.00138.85N/AN/A006860
2023-03-10$89.66$93.0035.3%7.3%15.7%36.1%0.0%0.7%-2.5%2.4K83.3K-2.4K0.00124.90N/AN/A4006860
2023-03-13$89.60$93.0064.5%6.6%15.3%87.0%0.0%1.3%-0.2%2.6K143.8K-2.3K0.00146.55N/AN/A006860
2023-03-14$90.00$93.0046.0%8.1%15.1%54.7%0.0%18.4%-4.9%2.9K139.4K-2.3K0.00137.02N/AN/A016860
2023-03-15$88.05$93.0024.9%7.1%16.3%17.9%0.0%3.3%-2.6%1.7K198.1K-2.1K0.00146.35N/AN/A006861
2023-03-16$89.69$93.0020.4%5.8%18.3%10.2%0.0%-1.6%-2.7%2.2K176.4K-2.2K0.00147.63N/AN/A016861
2023-03-17$88.25$93.0024.9%7.1%18.8%18.1%0.0%3.8%-11.9%662225.7K-2.0K0.00147.12N/AN/A006861
2023-03-20$89.63$93.0016.1%4.6%19.8%2.6%0.0%4.1%5.1%2.9K205.5K-2.1K0.00136.08N/AN/A0406860
2023-03-21$91.19$93.0016.3%4.7%20.4%3.1%0.0%5.1%0.9%2.6K187.2K-2.7K0.00126.80N/AN/A016872
2023-03-22$90.00$93.0024.1%6.9%20.8%16.7%0.0%3.8%-2.9%-634236.3K-2.5K0.00146.34N/AN/A006873
2023-03-23$88.91$93.0026.4%7.6%20.6%20.6%0.0%-1.0%2.7%-546234.4K-2.5K0.00142.00N/AN/A006873
2023-03-24$88.92$93.0023.5%6.7%20.3%15.5%0.0%19.0%7.0%-200276.2K-2.4K0.00149.04N/AN/A006873
2023-03-27$89.81$93.0019.7%5.6%20.6%8.9%0.0%2.4%0.0%569233.3K-2.5K0.00139.92N/AN/A006873
2023-03-28$89.81$93.0026.1%7.5%20.6%20.1%0.0%-4.5%-5.7%120236.7K-2.5K0.00153.69N/AN/A006873
2023-03-29$91.22$93.0023.7%6.8%21.5%15.9%0.0%-7.9%-8.5%1.2K187.9K-2.6K0.00135.32N/AN/A006873
2023-03-30$91.69$93.0027.0%7.7%21.0%21.7%0.0%2.5%-11.4%7.5K38.8K-2.3K0.00142.12N/AN/A006853
2023-03-31$92.75$93.0021.3%6.1%21.1%11.8%0.0%-11.0%-7.9%9.2K45.0K-2.4K0.00157.00N/AN/A006853