FTC Options History — November 2023

In November 2023, FTC traded between $93.97 and $103.54. ATM implied volatility averaged 17.2%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded below realized volatility by 1.8% (HV 20d: 19.0%). Max pain ranged from $96.00 to $101.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2023-11-21: Highest Volume — 20 contracts
2023-11-08: Largest IV drop — 65.9% change
2023-11-07: Highest IV Rank — 31.8%
2023-11-22: Largest Expected Move — 6.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$100.71	$93.97	$103.54	$93.97	$103.54
Max Pain	$97.50	$96.00	$101.00	$96.00	$101.00
ATM IV	17.2%	9.8%	29.9%	20.7%	10.4%
Expected Move	4.6%	2.8%	6.2%	5.9%	3.0%
HV 20d	19.0%	15.5%	22.1%	18.5%	15.9%
HV 60d	16.8%	15.3%	17.5%	15.3%	16.9%
IV Rank	11.3%	0.0%	31.8%	16.6%	1.0%
IV Percentile	28.1%	0.0%	89.3%	44.0%	0.8%
Term Structure	-1.9%	-8.1%	8.5%	-3.6%	8.5%
VWIV	18.7%	13.9%	25.5%	13.9%	25.5%
Skew 25d	1.3%	-7.9%	8.3%	-5.5%	-4.9%
Skew 10d	3.0%	-20.8%	9.7%	-20.8%	-2.9%
Call IV 25d	16.5%	5.4%	23.9%	23.9%	14.2%
Put IV 25d	17.8%	9.3%	23.3%	18.4%	9.3%
Bid-Ask Spread %	142.99	99.71	178.54	139.78	142.92
Gamma HHI	0.65	0.25	1.00	1.00	0.30
Net GEX	-2.9K	-24.6K	12.4K	726	-8.7K
Net DEX	-68.7K	-150.7K	-4.0K	-4.0K	-109.9K
Net VEX	-201	-627	-9	-13	-398
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	3.81	0	20	0	0
Total OI	31	1	81	1	81

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	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-11-01	$93.97	$0.00	20.7%	5.9%	18.5%	16.6%	0.0%	-5.5%	-3.6%	726	-4.0K	-13	139.78	N/A	N/A	0	0	1	0
2023-11-02	$96.32	$96.00	22.9%	5.2%	20.6%	20.1%	0.0%	3.7%	2.2%	594	-5.5K	-13	178.54	N/A	N/A	0	0	1	0
2023-11-03	$98.19	$96.00	26.3%	5.2%	20.7%	25.8%	0.0%	4.0%	1.5%	540	-6.7K	-12	169.31	N/A	N/A	0	0	1	0
2023-11-06	$97.56	$96.00	18.4%	4.4%	20.8%	12.8%	0.0%	2.4%	-4.4%	561	-6.3K	-12	150.16	N/A	N/A	0	0	1	0
2023-11-07	$98.49	$96.00	29.9%	5.4%	20.7%	31.8%	0.0%	4.2%	2.9%	529	-6.9K	-11	165.44	N/A	N/A	0	0	1	0
2023-11-08	$98.58	$96.00	10.2%	2.9%	20.6%	0.0%	0.0%	3.3%	2.0%	513	-7.8K	-9	121.67	N/A	N/A	0	0	1	0
2023-11-09	$97.89	$96.00	10.8%	3.1%	20.5%	1.0%	0.0%	3.9%	1.8%	789	-7.6K	-9	99.71	N/A	N/A	10	0	1	0
2023-11-10	$99.46	$96.00	13.8%	4.0%	20.7%	5.8%	0.0%	2.8%	-5.0%	3.2K	-97.3K	-84	114.51	N/A	N/A	0	0	11	0
2023-11-13	$99.81	$96.00	20.3%	5.8%	20.2%	16.5%	0.0%	-7.9%	-7.4%	3.2K	-96.0K	-94	153.61	N/A	N/A	0	0	11	0
2023-11-14	$102.44	$96.00	14.3%	4.1%	22.1%	6.7%	0.0%	-2.4%	-2.5%	2.0K	-106.1K	-52	138.60	N/A	N/A	0	0	11	0
2023-11-15	$102.08	$96.00	14.9%	4.3%	20.6%	7.7%	0.0%	0.7%	-0.2%	2.0K	-105.2K	-54	147.07	N/A	N/A	0	10	11	0
2023-11-16	$101.65	$96.00	13.0%	3.7%	19.7%	4.6%	0.0%	1.0%	-0.5%	-419	-69.6K	-230	148.43	N/A	N/A	0	10	11	10
2023-11-17	$102.42	$96.00	14.8%	4.2%	18.7%	7.5%	13.9%	-0.7%	-3.0%	-4.1K	-90.9K	-187	149.57	N/A	N/A	10	0	11	20
2023-11-20	$103.38	$96.00	20.3%	5.8%	18.7%	16.6%	0.0%	2.1%	-7.0%	12.4K	-133.1K	-341	153.95	N/A	N/A	0	0	21	20
2023-11-21	$102.98	$96.00	21.4%	6.1%	19.0%	18.3%	16.8%	3.8%	-4.9%	6.4K	-150.7K	-301	155.18	N/A	N/A	0	20	21	20
2023-11-22	$103.25	$101.00	21.5%	6.2%	16.8%	18.4%	25.5%	0.3%	-8.1%	-6.9K	-103.9K	-426	149.67	N/A	N/A	0	20	21	40
2023-11-24	$103.36	$101.00	21.2%	6.1%	16.1%	17.9%	0.0%	2.0%	-6.3%	-24.6K	-53.9K	-627	130.15	N/A	N/A	0	0	21	60
2023-11-27	$103.49	$101.00	13.3%	3.8%	15.5%	5.1%	0.0%	8.3%	-3.9%	-10.5K	-116.5K	-415	128.51	N/A	N/A	0	0	21	60
2023-11-28	$102.81	$101.00	9.8%	2.8%	16.0%	0.0%	0.0%	3.5%	1.1%	-23.4K	-75.8K	-447	127.75	N/A	N/A	0	0	21	60
2023-11-29	$103.16	$101.00	12.3%	3.5%	16.0%	4.0%	0.0%	3.2%	-3.0%	-16.4K	-89.4K	-476	138.34	N/A	N/A	0	0	21	60
2023-11-30	$103.54	$101.00	10.4%	3.0%	15.9%	1.0%	0.0%	-4.9%	8.5%	-8.7K	-109.9K	-398	142.92	N/A	N/A	0	0	21	60