FVAL Options History — April 2022

In April 2022, FVAL traded between $47.45 and $51.16. ATM implied volatility averaged 27.1%, placing in the 38.1% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 9.8% (HV 20d: 17.3%). Max pain ranged from $49.00 to $49.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.64.

Notable Days

2022-04-06: Highest Volume — 14 contracts
2022-04-11: Largest IV spike — 90.8% change
2022-04-11: Highest IV Rank — 100.0%
2022-04-29: Largest Expected Move — 8.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$49.69	$47.45	$51.16	$50.68	$47.45
Max Pain	$49.00	$49.00	$49.00	$49.00	$49.00
ATM IV	27.1%	11.8%	59.1%	22.8%	28.1%
Expected Move	5.8%	3.4%	8.1%	4.6%	8.1%
HV 20d	17.3%	15.0%	22.0%	20.7%	22.0%
HV 60d	20.1%	19.6%	21.6%	19.6%	21.6%
IV Rank	38.1%	1.8%	100.0%	32.7%	35.8%
IV Percentile	62.5%	1.0%	100.0%	58.4%	82.4%
Term Structure	-2.1%	-7.4%	1.8%	-7.4%	-1.7%
VWIV	22.1%	13.9%	30.7%	18.0%	24.8%
Skew 25d	2.4%	-2.3%	7.3%	0.7%	2.4%
Skew 10d	-0.1%	-36.4%	5.2%	-7.3%	1.9%
Call IV 25d	21.7%	12.9%	28.4%	27.3%	27.5%
Put IV 25d	24.1%	13.6%	30.0%	28.0%	30.0%
Bid-Ask Spread %	131.38	122.40	137.53	129.16	127.58
Gamma HHI	0.32	0.28	0.38	0.37	0.29
Net GEX	1.4K	450	2.3K	2.2K	556
Net DEX	-6.5K	-26.6K	7.1K	-20.8K	6.1K
Net VEX	-257	-292	-218	-232	-231
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.64	0.80	1.80	0.80	1.80
Total Volume	12.55	0	14	9	14
Total OI	26	23	28	23	26

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2022-04-01	$50.68	$49.00	22.8%	4.6%	20.7%	32.7%	18.0%	0.7%	-7.4%	2.2K	-20.8K	-232	0.80	129.16	N/A	N/A	5	4	17	6
2022-04-04	$51.16	$49.00	30.0%	5.4%	17.6%	52.5%	21.2%	2.8%	-1.6%	2.3K	-26.6K	-239	0.80	137.53	N/A	N/A	5	4	17	6
2022-04-05	$50.53	$49.00	28.9%	5.1%	18.3%	49.6%	20.9%	1.7%	-1.0%	2.0K	-23.9K	-234	0.80	133.18	N/A	N/A	5	4	17	6
2022-04-06	$50.01	$49.00	33.4%	5.6%	17.0%	62.0%	21.7%	2.2%	-2.1%	1.8K	-15.1K	-218	1.80	135.52	N/A	N/A	5	9	17	6
2022-04-07	$50.43	$49.00	33.2%	5.4%	16.9%	61.3%	21.4%	3.2%	-1.6%	1.3K	-6.1K	-292	1.80	133.68	N/A	N/A	5	9	17	11
2022-04-08	$50.51	$49.00	27.1%	4.0%	16.6%	44.7%	16.4%	2.7%	1.8%	1.6K	-9.3K	-291	1.80	128.84	N/A	N/A	5	9	17	11
2022-04-11	$49.87	$49.00	51.8%	5.9%	16.9%	100.0%	22.5%	2.1%	-4.2%	1.2K	-3.9K	-279	1.80	136.16	N/A	N/A	5	9	17	11
2022-04-12	$49.59	$49.00	59.1%	5.7%	16.1%	100.0%	22.3%	2.0%	-2.4%	976	-3.3K	-280	1.80	132.59	N/A	N/A	5	9	17	11
2022-04-13	$50.23	$49.00	20.4%	5.8%	15.8%	19.7%	22.7%	3.3%	-2.0%	1.3K	-4.9K	-279	1.80	135.51	N/A	N/A	5	9	17	11
2022-04-14	$49.85	$49.00	20.2%	5.8%	15.1%	19.3%	22.3%	1.5%	-2.0%	1.2K	-5.0K	-276	1.80	136.15	N/A	N/A	5	9	17	11
2022-04-18	$49.69	$49.00	21.4%	6.1%	15.0%	21.8%	23.9%	1.9%	-2.6%	1.4K	-3.1K	-269	1.80	136.70	N/A	N/A	5	9	17	9
2022-04-19	$50.59	$49.00	17.3%	5.0%	16.4%	13.3%	20.8%	2.8%	-0.7%	1.8K	-8.2K	-274	1.80	127.35	N/A	N/A	5	9	17	9
2022-04-20	$50.73	$49.00	11.8%	3.4%	15.4%	1.8%	13.9%	0.7%	-1.0%	2.3K	-9.3K	-268	1.80	131.06	N/A	N/A	5	9	17	9
2022-04-21	$49.92	$49.00	18.8%	5.4%	16.1%	16.5%	20.5%	0.6%	-4.1%	1.7K	-10.6K	-275	1.80	125.49	N/A	N/A	5	9	17	9
2022-04-22	$48.87	$49.00	20.1%	5.8%	17.4%	19.1%	21.1%	0.5%	-2.3%	1.0K	4.3K	-237	1.80	124.08	N/A	N/A	5	9	17	9
2022-04-25	$48.94	$49.00	22.8%	6.5%	17.3%	24.8%	26.1%	3.6%	0.7%	1.0K	2.8K	-246	1.80	128.32	N/A	N/A	5	9	17	9
2022-04-26	$47.89	$49.00	23.9%	6.9%	18.5%	27.1%	30.7%	-2.3%	-4.6%	648	969	-248	1.80	135.58	N/A	N/A	5	9	17	9
2022-04-27	$47.88	$49.00	26.6%	7.6%	17.3%	32.5%	0.0%	7.3%	-4.1%	450	7.1K	-228	0.00	130.78	N/A	N/A	0	0	17	9
2022-04-28	$48.96	$49.00	24.4%	7.0%	19.6%	28.0%	28.7%	7.3%	0.7%	757	-483	-248	1.80	122.40	N/A	N/A	5	9	17	9
2022-04-29	$47.45	$49.00	28.1%	8.1%	22.0%	35.8%	24.8%	2.4%	-1.7%	556	6.1K	-231	1.80	127.58	N/A	N/A	5	9	17	9