FEZ Options History — March 2025

In March 2025, FEZ traded between $54.47 and $57.53. ATM implied volatility averaged 21.4%, placing in the 33.0% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 0.5% (HV 20d: 21.9%). Max pain ranged from $54.00 to $56.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 7.61.

Notable Days

  • 2025-03-19: Highest Volume — 86,807 contracts
  • 2025-03-06: Largest IV spike — 38.3% change
  • 2025-03-24: Highest IV Rank — 48.7%
  • 2025-03-10: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.05$54.47$57.53$54.82$54.47
Max Pain$55.05$54.00$56.00$54.00$56.00
ATM IV21.4%17.3%25.8%20.4%23.3%
Expected Move6.4%5.4%8.6%6.0%6.2%
HV 20d21.9%17.2%24.6%18.4%23.0%
HV 60d17.7%15.4%18.8%15.4%18.8%
IV Rank33.0%18.2%48.7%29.3%39.6%
IV Percentile65.4%33.3%88.1%63.1%77.0%
Term Structure0.6%-9.1%11.3%1.0%-8.5%
VWIV23.9%17.9%32.9%22.7%24.6%
Skew 25d4.5%-7.1%20.0%11.0%9.4%
Skew 10d5.6%-6.1%23.2%4.4%4.9%
Call IV 25d19.3%11.7%30.3%14.9%11.7%
Put IV 25d23.8%15.2%33.0%25.9%21.2%
Bid-Ask Spread %33.5025.4862.7834.1125.76
Gamma HHI0.150.090.190.150.18
Net GEX-22.7M-42.1M-3.2M-38.2M-42.1M
Net DEX79.4M-74.3M283.5M150.5M283.5M
Net VEX-915.5K-1.1M-605.9K-1.1M-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.610.6438.969.612.89
Total Volume17,967.4291,63586,80719,60052,887
Total OI229,262.952185,875293,299268,199229,125

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$54.82$54.0020.4%6.0%18.4%29.3%22.7%11.0%1.0%-38.2M150.5M-1.1M9.6134.11N/AN/A1,84817,75227,409240,790
2025-03-04$55.50$55.0018.8%6.2%17.2%23.4%25.3%-2.4%11.3%-29.7M100.6M-1.0M4.2633.46N/AN/A1,7577,49328,116246,789
2025-03-05$57.17$54.0017.3%6.8%19.0%18.2%24.9%-7.1%8.0%-17.3M18.6M-897.5K2.5528.22N/AN/A2,8967,38728,831247,705
2025-03-06$56.61$54.0023.9%7.3%19.6%42.1%29.1%0.6%3.5%-19.3M49.6M-983.1K38.9642.25N/AN/A1,85372,19430,329251,350
2025-03-07$57.15$54.0022.1%6.7%19.6%35.4%25.7%-4.1%10.5%-13.2M-10.1M-788.0K1.3739.93N/AN/A1,6712,29131,001207,649
2025-03-10$55.58$54.0025.5%8.6%21.9%47.6%31.4%11.7%-1.7%-18.9M67.4M-876.9K4.9230.50N/AN/A9204,53131,454154,421
2025-03-11$55.89$54.0024.4%8.2%21.8%43.7%30.4%20.0%-0.0%-16.8M30.9M-774.3K1.7132.28N/AN/A1,0721,83332,076154,790
2025-03-12$55.81$54.0023.3%7.5%21.6%39.6%27.6%4.7%-0.5%-17.3M32.7M-798.0K1.8462.78N/AN/A9621,76932,555155,612
2025-03-13$55.16$54.0024.1%7.9%21.9%42.6%32.9%5.6%-0.3%-20.9M56.3M-805.7K23.6535.63N/AN/A78618,58633,363157,202
2025-03-14$56.45$54.0018.6%6.6%23.0%22.8%24.4%-1.4%8.2%-11.0M-27.2M-679.0K3.1346.21N/AN/A9252,89333,713160,452
2025-03-17$57.19$55.0021.2%5.7%23.3%32.0%19.3%4.9%-0.5%-5.7M-58.9M-605.9K0.6825.48N/AN/A3,5672,42632,927158,301
2025-03-18$57.39$56.0021.5%5.7%23.3%33.3%19.6%5.2%-0.8%-3.2M-74.3M-624.9K12.4925.57N/AN/A1,07513,42936,253160,161
2025-03-19$57.53$56.0019.0%5.4%22.3%24.1%21.5%4.9%1.9%-3.9M-71.7M-680.1K22.2928.14N/AN/A3,72883,07937,024170,855
2025-03-20$56.56$56.0020.3%5.4%23.2%29.0%20.0%5.2%1.1%-31.7M92.3M-1.1M2.2328.81N/AN/A2,4945,56740,363250,009
2025-03-21$55.95$56.0020.1%5.7%23.3%28.3%18.4%5.1%-5.2%-28.5M149.2M-1.1M0.7226.21N/AN/A8,6946,25742,456250,843
2025-03-24$55.86$56.0025.8%5.5%23.3%48.7%17.9%-1.9%-8.3%-27.7M146.3M-1.1M5.5838.52N/AN/A1,3837,71937,641177,561
2025-03-25$56.41$56.0022.4%5.4%23.3%36.4%18.2%1.4%1.0%-23.7M99.4M-1.0M2.3038.91N/AN/A4951,14038,139179,041
2025-03-26$55.22$56.0021.0%5.8%24.6%31.6%20.6%5.6%-9.1%-33.7M198.7M-1.1M0.6426.34N/AN/A13,6358,78238,313179,664
2025-03-27$55.34$56.0019.4%5.7%23.5%25.6%22.4%6.0%-0.0%-34.9M196.5M-1.1M12.9627.51N/AN/A3834,96444,982187,796
2025-03-28$54.94$56.0017.6%5.9%23.6%19.3%25.3%9.2%1.0%-39.4M237.2M-1.1M4.9226.98N/AN/A7083,48545,108192,353
2025-03-31$54.47$56.0023.3%6.2%23.0%39.6%24.6%9.4%-8.5%-42.1M283.5M-1.1M2.8925.76N/AN/A13,58439,30336,977192,148