FTC Options History — February 2024

In February 2024, FTC traded between $113.60 and $120.16. ATM implied volatility averaged 15.0%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 1.6% (HV 20d: 16.5%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 14 of 20 days.

Notable Days

  • 2024-02-13: Largest IV spike — 41.4% change
  • 2024-02-01: Highest IV Rank — 21.8%
  • 2024-02-13: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$117.18$113.60$120.16$113.60$120.16
ATM IV15.0%10.2%20.9%20.9%13.2%
Expected Move4.1%2.9%5.6%4.7%3.8%
HV 20d16.5%13.3%20.8%13.3%19.4%
HV 60d13.9%12.1%15.4%13.2%15.1%
IV Rank11.1%2.5%21.8%21.8%7.9%
IV Percentile24.2%1.2%62.7%62.7%13.9%
Term Structure1.2%-7.8%7.0%-1.8%3.4%
Skew 25d2.0%-3.2%7.7%3.3%-1.5%
Skew 10d4.0%-2.0%10.8%4.6%-1.4%
Call IV 25d13.2%9.0%23.7%16.8%11.1%
Put IV 25d15.2%9.6%22.2%20.2%9.6%
Bid-Ask Spread %117.1194.51147.33118.75139.76
Gamma HHI1.001.001.001.001.00
Net GEX-35-144-2-144-2
Net DEX301209661661209
Net VEX-1-70-70
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1010101010

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$113.60$0.0020.9%4.7%13.3%21.8%0.0%3.3%-1.8%-144661-70.00118.75N/AN/A00010
2024-02-02$115.25$0.0014.2%4.1%13.8%9.7%0.0%0.3%0.8%-105531-50.0094.51N/AN/A00010
2024-02-05$114.69$0.0018.8%3.8%14.1%18.1%0.0%5.0%1.4%-78424-30.0095.15N/AN/A00010
2024-02-06$114.77$0.0014.0%3.6%13.5%9.4%0.0%3.2%3.3%-79428-30.0096.21N/AN/A00010
2024-02-07$116.00$0.0010.2%2.9%13.7%2.5%0.0%0.6%7.0%-42311-20.00110.28N/AN/A00010
2024-02-08$116.88$0.0012.8%3.7%13.8%7.3%0.0%2.6%2.5%-22256-10.0094.72N/AN/A00010
2024-02-09$117.59$0.0012.4%3.6%13.8%6.6%0.0%0.9%4.7%-18247-10.00104.64N/AN/A00010
2024-02-12$117.45$0.0013.7%3.9%13.8%8.9%0.0%5.2%2.8%-1122800.00100.42N/AN/A00010
2024-02-13$115.38$0.0019.4%5.6%15.5%19.1%0.0%4.2%-7.8%-63376-20.00104.83N/AN/A00010
2024-02-14$117.75$0.0014.6%4.2%16.3%10.4%0.0%1.7%-0.5%-21255-10.00103.22N/AN/A00010
2024-02-15$118.97$0.0012.9%3.7%16.0%7.4%0.0%-3.2%2.5%-521600.00108.04N/AN/A00010
2024-02-16$117.48$0.0017.7%5.1%16.5%16.1%0.0%7.7%4.6%-17243-10.00116.78N/AN/A00010
2024-02-20$116.10$0.0016.9%4.8%17.0%14.5%0.0%-1.6%-1.5%-28270-10.00147.10N/AN/A00010
2024-02-21$115.36$0.0018.5%5.3%17.2%17.5%0.0%4.0%-5.8%-40302-20.00131.66N/AN/A00010
2024-02-22$119.34$0.0017.1%4.9%20.7%14.9%0.0%3.1%-5.6%-621900.00120.23N/AN/A00010
2024-02-23$118.90$0.0012.2%3.5%20.8%6.1%0.0%0.8%4.3%-521400.00137.76N/AN/A00010
2024-02-26$119.21$0.0013.5%3.9%20.7%8.4%0.0%-1.0%2.8%-221000.00147.33N/AN/A00010
2024-02-27$119.25$0.0012.4%3.6%20.5%6.6%0.0%3.2%4.1%-321200.00127.15N/AN/A00010
2024-02-28$119.38$0.0013.9%4.0%20.5%9.2%0.0%1.4%3.0%-321100.00143.74N/AN/A00010
2024-02-29$120.16$0.0013.2%3.8%19.4%7.9%0.0%-1.5%3.4%-220900.00139.76N/AN/A00010