FEZ Options History — January 2025

In January 2025, FEZ traded between $47.83 and $52.41. ATM implied volatility averaged 17.8%, placing in the 20.0% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 3.2% (HV 20d: 14.7%). Max pain ranged from $48.00 to $51.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 3.39.

Notable Days

  • 2025-01-21: Highest Volume — 26,556 contracts
  • 2025-01-29: Largest IV spike — 38.8% change
  • 2025-01-15: Highest IV Rank — 44.9%
  • 2025-01-13: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.38$47.83$52.41$47.83$52.13
Max Pain$48.50$48.00$51.00$50.00$51.00
ATM IV17.8%13.0%24.7%13.0%19.1%
Expected Move4.7%4.3%5.3%5.0%4.6%
HV 20d14.7%12.1%16.5%12.6%14.5%
HV 60d15.9%15.5%16.4%15.5%15.8%
IV Rank20.0%2.5%44.9%2.5%24.4%
IV Percentile45.8%4.4%84.5%4.4%57.1%
Term Structure0.3%-6.9%7.4%7.4%2.6%
VWIV16.2%14.6%19.3%17.0%16.0%
Skew 25d2.5%-10.5%11.1%11.1%-8.2%
Skew 10d3.7%-9.7%13.4%9.4%4.1%
Call IV 25d17.4%8.9%27.9%8.9%22.1%
Put IV 25d19.8%12.5%28.3%20.0%13.9%
Bid-Ask Spread %70.9356.3890.2261.3963.62
Gamma HHI0.400.210.880.370.29
Net GEX-23.3M-135.9M17.2M-43.7M15.4M
Net DEX113.5M-86.1M414.6M414.6M-70.7M
Net VEX-416.9K-555.3K-312.0K-514.4K-377.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.390.0240.902.045.24
Total Volume4,970.634026,5565774,370
Total OI190,768.1572,456299,094285,54383,986

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$47.83$50.0013.0%5.0%12.6%2.5%17.0%11.1%7.4%-43.7M414.6M-514.4K2.0461.39N/AN/A19038751,068234,475
2025-01-03$47.89$50.0017.0%4.8%12.1%17.0%14.9%6.5%-0.7%-44.8M406.1M-520.2K2.4090.22N/AN/A10024051,205223,011
2025-01-06$49.11$48.0016.5%4.9%14.6%15.1%17.3%-0.1%4.7%-53.6M268.1M-521.2K2.0856.38N/AN/A23849551,183222,657
2025-01-07$49.33$48.0020.8%5.0%14.6%30.8%16.2%-4.5%3.6%-57.2M247.7M-498.4K1.0559.47N/AN/A2,4642,58851,131223,082
2025-01-08$49.09$48.0019.3%5.0%14.7%25.2%17.6%0.4%-0.3%-54.6M281.1M-555.3K0.2076.02N/AN/A1,54830853,167225,211
2025-01-10$48.64$48.0020.7%5.1%14.7%30.5%19.3%-10.5%-2.1%-43.3M334.9M-397.5K0.4961.61N/AN/A33716653,319225,424
2025-01-13$48.41$48.0017.7%5.3%14.8%19.6%16.9%3.6%0.4%-35.0M368.2M-312.0K0.8960.67N/AN/A40836552,908224,922
2025-01-14$48.89$48.0019.8%5.0%15.2%27.1%18.9%1.5%-3.2%-44.6M318.2M-323.8K40.9060.21N/AN/A49220,12453,105225,142
2025-01-15$49.47$48.0024.7%5.0%15.7%44.9%17.3%7.6%-6.9%-87.7M273.7M-450.1K3.9489.45N/AN/A15460753,259245,152
2025-01-16$50.16$48.0021.4%4.6%16.4%32.9%15.9%9.4%-3.1%-135.9M93.0M-430.0K2.3763.35N/AN/A7871,86253,255245,445
2025-01-17$50.52$48.0016.1%4.6%16.5%13.9%15.3%3.9%-0.8%5.0M-65.1M-345.6K0.1362.65N/AN/A10,5391,31753,338245,756
2025-01-21$51.56$48.0015.0%4.3%14.8%9.8%15.1%3.5%-3.4%11.2M-71.2M-380.0K0.0285.88N/AN/A26,08846843,39729,059
2025-01-22$51.72$48.0015.4%4.4%14.7%11.1%15.9%3.2%-3.1%13.7M-72.8M-391.5K0.3784.29N/AN/A31611746,51529,496
2025-01-23$52.08$48.0015.4%4.4%14.7%11.4%15.7%2.7%3.5%14.3M-77.9M-399.8K0.3785.41N/AN/A27510346,59629,595
2025-01-24$52.20$48.0015.7%4.3%14.6%12.3%14.6%2.4%3.0%14.6M-84.1M-391.5K0.0287.88N/AN/A12,59123246,74229,657
2025-01-27$52.19$48.0017.4%4.7%14.6%18.6%14.8%9.7%-1.4%14.2M-72.9M-384.3K1.8264.18N/AN/A30856246,68429,031
2025-01-28$51.91$48.0013.8%4.5%15.0%5.4%14.9%0.9%1.2%14.2M-65.9M-350.3K0.5067.31N/AN/A77138246,98829,587
2025-01-29$52.08$48.0019.1%4.5%14.7%24.6%15.5%1.9%0.7%14.5M-68.4M-375.7K0.9272.15N/AN/A3,2322,96147,49429,962
2025-01-30$52.41$51.0018.8%4.4%14.3%23.6%15.6%4.0%3.6%17.2M-86.1M-419.2K2.0066.53N/AN/A30761350,61232,747
2025-01-31$52.13$51.0019.1%4.6%14.5%24.4%16.0%-8.2%2.6%15.4M-70.7M-377.1K5.2463.62N/AN/A7003,67050,76533,221