FVAL Options History — March 2023

In March 2023, FVAL traded between $43.66 and $46.23. ATM implied volatility averaged 26.3%, placing in the 30.5% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 9.3% (HV 20d: 17.0%). Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-03-20: Highest Volume — 6 contracts
  • 2023-03-15: Largest IV drop — 60.1% change
  • 2023-03-13: Highest IV Rank — 90.8%
  • 2023-03-02: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.73$43.66$46.23$45.27$45.63
ATM IV26.3%15.5%55.1%25.8%21.9%
Expected Move6.1%3.5%7.4%7.4%6.3%
HV 20d17.0%13.4%20.0%14.8%19.6%
HV 60d16.7%16.1%17.2%16.5%16.8%
IV Rank30.5%7.9%90.8%29.4%21.2%
IV Percentile34.6%0.8%98.0%42.1%15.9%
Term Structure-3.2%-12.2%3.8%-6.9%-4.3%
Skew 25d2.3%-0.9%7.2%2.4%1.4%
Skew 10d2.3%-4.7%5.0%2.2%2.1%
Call IV 25d21.9%13.6%29.1%28.8%24.9%
Put IV 25d24.3%15.7%31.2%31.2%26.4%
Bid-Ask Spread %130.35123.32135.53132.54132.91
Gamma HHI0.650.600.810.620.72
Net GEX8265411.3K979929
Net DEX-3.9K-6.3K-1.5K-4.7K-3.6K
Net VEX-29-45-12-37-23
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.4350600
Total OI9.87910109

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$45.27$0.0025.8%7.4%14.8%29.4%0.0%2.4%-6.9%979-4.7K-370.00132.54N/AN/A00100
2023-03-02$45.58$0.0025.9%7.4%13.4%29.7%0.0%2.4%-7.2%1.1K-4.9K-410.00129.95N/AN/A00100
2023-03-03$46.22$0.0024.9%7.1%14.2%27.6%0.0%2.1%-6.6%1.3K-6.3K-450.00130.59N/AN/A00100
2023-03-06$46.23$0.0019.1%3.5%14.2%15.3%0.0%3.7%3.8%1.2K-4.5K-340.00132.32N/AN/A00100
2023-03-07$45.52$0.0028.4%4.9%14.9%34.9%0.0%0.9%-2.0%1.0K-3.9K-320.00128.34N/AN/A00100
2023-03-08$45.51$0.0032.2%5.3%14.1%42.8%0.0%2.5%-1.9%1.0K-4.8K-360.00134.20N/AN/A00100
2023-03-09$44.66$0.0031.1%5.3%14.9%40.6%0.0%0.7%-5.8%870-3.6K-280.00128.80N/AN/A00100
2023-03-10$43.77$0.0035.1%6.7%16.0%48.8%0.0%2.0%-9.2%694-3.3K-280.00123.32N/AN/A00100
2023-03-13$43.77$0.0055.1%6.7%15.8%90.8%0.0%3.1%-0.6%712-4.7K-350.00128.96N/AN/A00100
2023-03-14$44.02$0.0054.1%6.5%15.1%88.7%0.0%7.2%-2.4%630-3.0K-250.00135.53N/AN/A00100
2023-03-15$43.66$0.0021.6%6.2%15.2%20.6%0.0%3.7%-0.8%612-3.4K-260.00130.15N/AN/A00100
2023-03-16$44.52$0.0020.2%5.8%17.3%17.7%0.0%4.3%-0.3%722-4.4K-330.00128.68N/AN/A00100
2023-03-17$43.67$0.0020.6%5.9%18.1%18.4%0.0%0.8%-1.6%709-4.3K-310.00129.37N/AN/A00100
2023-03-20$44.14$0.0023.3%6.7%18.8%24.0%0.0%-0.9%-12.2%782-4.6K-320.00127.70N/AN/A60100
2023-03-21$44.88$0.0021.0%6.0%19.1%19.4%0.0%3.7%-2.7%849-4.0K-290.00131.80N/AN/A00100
2023-03-22$44.44$0.0021.9%6.3%19.4%21.1%0.0%0.7%-2.3%848-5.2K-340.00129.52N/AN/A00100
2023-03-23$44.03$0.0021.4%6.1%19.2%20.3%0.0%1.1%-2.0%716-3.8K-260.00125.10N/AN/A00100
2023-03-24$44.24$0.0015.5%4.5%18.9%7.9%0.0%3.6%3.6%541-2.3K-180.00126.51N/AN/A00100
2023-03-27$44.52$0.0022.4%6.4%19.0%22.3%0.0%2.3%-4.2%760-3.5K-250.00133.07N/AN/A00100
2023-03-28$44.27$0.0023.4%6.7%19.0%24.5%0.0%2.8%-4.0%670-2.9K-220.00131.99N/AN/A40100
2023-03-29$44.97$0.0022.2%6.4%20.0%21.8%0.0%3.2%-3.7%777-3.4K-230.00133.94N/AN/A0090
2023-03-30$45.16$0.0018.3%5.3%19.9%13.7%0.0%-0.3%-0.0%561-1.5K-120.00132.83N/AN/A0090
2023-03-31$45.63$0.0021.9%6.3%19.6%21.2%0.0%1.4%-4.3%929-3.6K-230.00132.91N/AN/A0090