FTC Options History — December 2023

In December 2023, FTC traded between $103.61 and $109.93. ATM implied volatility averaged 17.3%, placing in the 14.7% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 5.6% (HV 20d: 11.7%). Max pain ranged from $93.00 to $101.00. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 4 of 20 days.

Notable Days

  • 2023-12-08: Largest IV spike — 192.4% change
  • 2023-12-08: Highest IV Rank — 46.5%
  • 2023-12-27: Largest Expected Move — 5.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$107.40$103.61$109.93$105.03$109.47
Max Pain$93.40$93.00$101.00$101.00$93.00
ATM IV17.3%8.8%37.9%8.8%18.4%
Expected Move5.1%2.5%5.7%2.5%5.3%
HV 20d11.7%9.5%14.5%14.5%11.0%
HV 60d16.6%15.6%17.2%17.1%15.6%
IV Rank14.7%0.0%46.5%0.0%17.3%
IV Percentile31.1%0.0%97.6%0.0%35.7%
Term Structure-1.8%-10.2%9.0%9.0%-5.3%
Skew 25d2.0%-1.0%5.4%3.1%5.4%
Skew 10d6.3%-0.7%13.6%1.0%7.6%
Call IV 25d19.2%8.4%24.3%8.4%24.3%
Put IV 25d21.2%11.6%29.7%11.6%29.7%
Bid-Ask Spread %146.08111.86162.18136.74132.40
Gamma HHI0.440.251.000.510.43
Net GEX-893-17.1K12.5K12.5K-2.5K
Net DEX-134.0K-210.7K-76.6K-170.5K-102.3K
Net VEX-132-359-1-284-57
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI58.0530818130

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$105.03$101.008.8%2.5%14.5%0.0%0.0%3.1%9.0%12.5K-170.5K-2840.00136.74N/AN/A002160
2023-12-04$104.46$93.0010.5%5.2%13.8%2.8%0.0%2.3%-1.5%9.3K-155.3K-2770.00160.93N/AN/A002160
2023-12-05$103.72$93.0012.3%5.3%13.9%5.6%0.0%2.0%-2.5%-5.3K-125.4K-2610.00161.68N/AN/A002160
2023-12-06$103.61$93.009.7%5.1%13.7%1.4%0.0%2.3%-2.1%-15.8K-100.6K-3470.00162.18N/AN/A002160
2023-12-07$104.09$93.0013.0%5.2%13.7%6.7%0.0%2.2%-1.9%1.2K-133.5K-2660.00161.89N/AN/A002160
2023-12-08$105.11$93.0037.9%5.2%13.4%46.5%0.0%2.5%-2.0%-17.1K-76.6K-3590.00159.01N/AN/A002160
2023-12-11$106.09$93.0011.2%5.2%12.8%3.8%0.0%2.7%-1.6%7.2K-203.7K-1260.00155.44N/AN/A002160
2023-12-12$106.67$93.0021.9%5.0%12.8%21.0%0.0%3.2%-2.6%5.0K-196.6K-1340.00155.90N/AN/A002160
2023-12-13$107.84$93.0017.7%5.1%10.1%14.2%0.0%3.4%-2.6%2.6K-201.0K-1090.00153.51N/AN/A002160
2023-12-14$108.67$93.0017.6%5.0%10.0%14.1%0.0%3.3%0.9%1.2K-210.7K-840.00150.48N/AN/A002160
2023-12-15$108.44$93.0018.7%5.4%9.8%17.9%0.0%1.1%-2.5%-8.0K-164.5K-280.00155.54N/AN/A002160
2023-12-18$109.03$93.0018.7%5.4%9.7%17.8%0.0%-0.9%-6.1%-706-105.0K-470.00153.51N/AN/A001020
2023-12-19$109.65$93.0018.8%5.4%9.5%18.0%0.0%3.5%-2.4%-1.3K-103.1K-660.00151.63N/AN/A001020
2023-12-20$108.23$93.0019.4%5.6%10.8%19.0%0.0%1.1%-1.7%-2.1K-102.3K-300.00157.21N/AN/A001020
2023-12-21$109.14$93.0018.9%5.4%11.0%18.2%0.0%2.4%-1.4%-1.4K-101.5K-760.00154.89N/AN/A001020
2023-12-22$109.22$93.0018.1%5.2%11.0%16.7%0.0%-1.0%-2.5%-1.3K-102.0K-640.00111.86N/AN/A001020
2023-12-26$109.88$93.0018.8%5.4%11.1%18.1%0.0%0.9%1.9%-518-108.7K-80.00112.86N/AN/A001020
2023-12-27$109.75$93.0019.7%5.7%10.6%19.7%0.0%0.4%-10.2%-388-109.7K-10.00115.89N/AN/A001020
2023-12-28$109.93$93.0016.9%4.9%10.6%14.7%0.0%0.0%0.9%-564-106.5K-190.00118.09N/AN/A001020
2023-12-29$109.47$93.0018.4%5.3%11.0%17.3%0.0%5.4%-5.3%-2.5K-102.3K-570.00132.40N/AN/A001020