FTC Options History — May 2023

In May 2023, FTC traded between $91.13 and $94.22. ATM implied volatility averaged 19.8%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 5.5% (HV 20d: 14.3%). Max pain ranged from $89.00 to $89.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2023-05-02: Highest Volume — 1 contracts
2023-05-22: Largest IV spike — 72.1% change
2023-05-09: Highest IV Rank — 33.5%
2023-05-01: Largest Expected Move — 7.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$92.76	$91.13	$94.22	$93.56	$92.66
Max Pain	$89.00	$89.00	$89.00	$89.00	$89.00
ATM IV	19.8%	10.8%	32.2%	26.9%	20.3%
Expected Move	5.2%	3.1%	7.7%	7.7%	5.8%
HV 20d	14.3%	12.4%	15.4%	13.5%	14.7%
HV 60d	16.4%	16.1%	16.8%	16.2%	16.6%
IV Rank	13.6%	0.0%	33.5%	24.7%	15.6%
IV Percentile	18.1%	0.0%	70.6%	42.1%	17.9%
Term Structure	-2.7%	-15.0%	6.1%	-4.9%	-15.0%
VWIV	15.4%	15.4%	15.4%	15.4%	15.4%
Skew 25d	3.7%	-13.9%	17.1%	-10.0%	-13.9%
Skew 10d	4.8%	-19.5%	25.4%	10.9%	3.3%
Call IV 25d	16.5%	7.8%	29.5%	22.8%	29.5%
Put IV 25d	20.2%	11.5%	30.0%	12.7%	15.6%
Bid-Ask Spread %	139.07	95.58	182.14	130.02	141.86
Gamma HHI	0.25	0.23	0.26	0.25	0.26
Net GEX	4.3K	2.9K	6.1K	3.8K	4.8K
Net DEX	127.2K	28.6K	181.4K	89.3K	87.5K
Net VEX	-1.6K	-1.9K	-1.3K	-1.8K	-1.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.045	0	1	0	0
Total OI	113.273	112	114	113	112

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2023-05-01	$93.56	$89.00	26.9%	7.7%	13.5%	24.7%	0.0%	-10.0%	-4.9%	3.8K	89.3K	-1.8K	130.02	N/A	N/A	0	60	53
2023-05-02	$92.61	$89.00	19.7%	5.7%	13.3%	12.7%	15.4%	13.7%	0.9%	4.8K	108.9K	-1.8K	130.52	N/A	N/A	1	60	53
2023-05-03	$92.03	$89.00	18.0%	5.2%	12.4%	9.8%	0.0%	9.2%	5.9%	3.7K	98.7K	-1.9K	149.66	N/A	N/A	0	61	53
2023-05-04	$91.13	$0.00	20.7%	5.7%	12.9%	14.3%	0.0%	5.3%	0.5%	2.9K	156.9K	-1.7K	164.93	N/A	N/A	0	61	53
2023-05-05	$92.69	$0.00	27.9%	5.5%	14.2%	26.3%	0.0%	15.9%	-2.0%	4.6K	160.6K	-1.6K	170.68	N/A	N/A	0	61	53
2023-05-08	$92.63	$0.00	31.1%	5.6%	14.0%	31.6%	0.0%	17.1%	-7.3%	4.4K	111.0K	-1.7K	170.66	N/A	N/A	0	61	53
2023-05-09	$92.53	$0.00	32.2%	5.8%	13.8%	33.5%	0.0%	15.6%	-4.0%	3.6K	119.8K	-1.7K	172.56	N/A	N/A	0	61	53
2023-05-10	$92.71	$0.00	19.9%	5.7%	13.8%	13.0%	0.0%	6.0%	-8.1%	6.1K	148.7K	-1.6K	175.03	N/A	N/A	0	61	53
2023-05-11	$91.95	$0.00	20.8%	6.0%	13.6%	14.5%	0.0%	10.8%	-3.0%	4.1K	155.0K	-1.6K	173.12	N/A	N/A	0	61	53
2023-05-12	$92.17	$0.00	12.7%	3.6%	13.7%	0.9%	0.0%	7.0%	1.7%	4.7K	135.5K	-1.7K	126.31	N/A	N/A	0	61	53
2023-05-15	$92.88	$0.00	16.8%	4.8%	14.0%	7.8%	0.0%	-1.3%	4.1%	5.3K	150.5K	-1.6K	95.58	N/A	N/A	0	61	53
2023-05-16	$92.04	$0.00	21.9%	6.3%	14.1%	16.3%	0.0%	1.7%	-9.4%	4.7K	142.9K	-1.6K	182.14	N/A	N/A	0	61	53
2023-05-17	$93.05	$0.00	13.8%	4.0%	14.7%	2.9%	0.0%	5.3%	-4.8%	5.2K	164.7K	-1.5K	128.94	N/A	N/A	0	61	53
2023-05-18	$94.22	$0.00	22.8%	6.5%	15.3%	17.9%	0.0%	3.7%	-6.2%	3.8K	28.6K	-1.8K	139.41	N/A	N/A	0	61	53
2023-05-19	$94.00	$0.00	10.8%	3.1%	15.4%	0.0%	0.0%	-7.2%	1.5%	5.7K	84.3K	-1.7K	131.80	N/A	N/A	0	61	53
2023-05-22	$94.11	$0.00	18.5%	5.3%	15.3%	12.7%	0.0%	-12.4%	-8.2%	3.4K	107.5K	-1.6K	112.83	N/A	N/A	0	60	52
2023-05-23	$92.52	$0.00	16.3%	4.7%	15.0%	9.1%	0.0%	2.9%	3.8%	4.7K	170.6K	-1.4K	129.09	N/A	N/A	0	60	52
2023-05-24	$91.57	$0.00	14.9%	4.3%	15.1%	6.8%	0.0%	10.7%	-5.6%	4.1K	155.4K	-1.5K	107.88	N/A	N/A	0	60	52
2023-05-25	$92.62	$0.00	14.3%	4.1%	14.7%	5.8%	0.0%	-6.8%	2.8%	3.5K	181.4K	-1.4K	109.06	N/A	N/A	0	60	52
2023-05-26	$93.62	$0.00	19.5%	5.6%	15.0%	14.3%	0.0%	4.9%	-7.2%	3.3K	81.3K	-1.6K	117.51	N/A	N/A	0	60	52
2023-05-30	$93.33	$0.00	15.9%	4.6%	14.9%	8.4%	0.0%	3.4%	6.1%	3.7K	160.4K	-1.3K	99.90	N/A	N/A	0	60	52
2023-05-31	$92.66	$0.00	20.3%	5.8%	14.7%	15.6%	0.0%	-13.9%	-15.0%	4.8K	87.5K	-1.5K	141.86	N/A	N/A	0	60	52