FVAL Options History — November 2023

In November 2023, FVAL traded between $47.03 and $50.42. ATM implied volatility averaged 12.2%, placing in the 5.7% IV rank vs the trailing year. The 30-day expected move averaged 3.1%. IV traded below realized volatility by 3.3% (HV 20d: 15.5%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-11-15: Highest Volume — 20 contracts
  • 2023-11-08: Largest IV drop — 49.2% change
  • 2023-11-07: Highest IV Rank — 26.3%
  • 2023-11-01: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.21$47.03$50.42$47.03$50.42
Max Pain$45.00$45.00$45.00$45.00$45.00
ATM IV12.2%7.1%22.8%17.8%7.1%
Expected Move3.1%2.1%5.1%5.1%2.1%
HV 20d15.5%13.0%17.9%14.5%13.0%
HV 60d13.4%12.5%14.1%12.5%13.5%
IV Rank5.7%0.0%26.3%15.7%0.0%
IV Percentile8.1%0.0%61.9%20.2%0.0%
Term Structure0.8%-7.7%19.6%-1.6%7.0%
VWIV12.4%10.3%15.9%15.9%10.3%
Skew 25d2.0%-6.3%9.7%-1.4%-6.3%
Skew 10d1.0%-9.2%22.6%1.8%-9.2%
Call IV 25d10.8%6.3%18.3%18.3%14.3%
Put IV 25d12.8%8.0%18.8%16.9%8.0%
Bid-Ask Spread %128.22108.40135.88134.27135.58
Gamma HHI0.450.360.650.410.39
Net GEX4.8K-10.5K26.0K-10.5K19.2K
Net DEX392-67.7K64.2K64.2K-67.7K
Net VEX-278-379-163-379-309
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.95202000
Total OI63.42948854885

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$47.03$0.0017.8%5.1%14.5%15.7%0.0%-1.4%-1.6%-10.5K64.2K-3790.00134.27N/AN/A00048
2023-11-02$47.84$45.0015.4%3.2%15.7%10.8%15.9%2.0%1.9%-9.0K48.2K-3310.00129.66N/AN/A03048
2023-11-03$48.40$45.0020.3%4.3%15.8%21.1%0.0%2.6%-7.7%-7.1K39.5K-2870.00133.40N/AN/A00048
2023-11-06$48.27$45.0017.1%3.3%15.8%14.3%0.0%0.3%-2.0%-6.9K38.0K-2890.00131.26N/AN/A00048
2023-11-07$48.49$45.0022.8%3.3%15.7%26.3%0.0%0.2%3.3%-6.7K35.8K-2690.00135.88N/AN/A00048
2023-11-08$48.34$45.0011.6%3.3%15.7%2.9%0.0%0.6%-2.2%-6.8K35.8K-2690.00131.25N/AN/A00048
2023-11-09$47.87$45.0012.2%3.5%15.9%4.2%0.0%-0.8%-4.8%-7.5K37.9K-2790.00130.77N/AN/A00048
2023-11-10$48.59$45.0011.6%3.3%16.5%2.9%0.0%2.3%0.0%-7.1K31.2K-2330.00128.91N/AN/A00048
2023-11-13$48.52$45.0011.6%3.3%15.9%3.0%0.0%1.2%-1.5%-6.4K31.7K-2350.00133.23N/AN/A00048
2023-11-14$49.66$45.0012.7%3.6%17.9%5.2%0.0%4.5%-2.5%-3.5K19.2K-1670.00135.09N/AN/A00048
2023-11-15$49.79$45.0010.5%3.0%17.1%0.7%11.1%1.2%6.4%-3.6K19.8K-1630.00131.34N/AN/A200048
2023-11-16$49.58$45.0013.8%4.0%16.8%7.5%0.0%7.7%19.6%4.9K763-2340.00135.53N/AN/A102048
2023-11-17$49.74$45.0010.9%3.1%16.1%1.4%0.0%1.5%-2.5%6.9K-1.4K-2620.00130.19N/AN/A402148
2023-11-20$50.18$45.008.9%2.5%16.0%0.0%10.3%0.7%-0.5%10.8K-21.1K-2420.00122.48N/AN/A1302448
2023-11-21$49.91$45.008.8%2.5%16.3%0.0%0.0%5.1%-1.7%18.0K-41.5K-3470.00123.58N/AN/A003748
2023-11-22$50.16$45.008.1%2.3%15.3%0.0%0.0%2.1%-1.9%21.5K-51.7K-3480.00108.40N/AN/A003748
2023-11-24$50.20$45.008.3%2.4%14.5%0.5%0.0%1.6%-1.9%22.0K-53.2K-3400.00118.58N/AN/A003748
2023-11-27$50.15$45.008.1%2.3%13.8%0.1%0.0%4.5%-0.9%23.6K-47.9K-3130.00120.82N/AN/A003748
2023-11-28$50.17$45.008.6%2.5%13.2%1.0%0.0%9.7%3.9%23.9K-55.7K-2680.00120.47N/AN/A003748
2023-11-29$50.17$45.009.3%2.7%13.2%2.3%0.0%2.5%5.7%26.0K-53.7K-2710.00121.89N/AN/A003748
2023-11-30$50.42$45.007.1%2.1%13.0%0.0%0.0%-6.3%7.0%19.2K-67.7K-3090.00135.58N/AN/A003748