FEZ Options History — April 2025

In April 2025, FEZ traded between $47.83 and $56.63. ATM implied volatility averaged 26.7%, placing in the 49.9% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded below realized volatility by 15.3% (HV 20d: 42.0%). Max pain ranged from $53.00 to $56.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 2.36.

Notable Days

  • 2025-04-07: Highest Volume — 95,602 contracts
  • 2025-04-03: Largest IV spike — 39.3% change
  • 2025-04-08: Highest IV Rank — 100.0%
  • 2025-04-10: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.61$47.83$56.63$54.55$56.21
Max Pain$53.67$53.00$56.00$56.00$53.00
ATM IV26.7%19.2%41.6%22.4%19.5%
Expected Move7.6%5.6%12.0%6.0%5.9%
HV 20d42.0%19.6%49.8%22.5%49.5%
HV 60d29.0%18.8%32.7%18.8%32.5%
IV Rank49.9%23.7%100.0%36.6%24.7%
IV Percentile77.6%43.7%100.0%73.0%46.0%
Term Structure-0.5%-8.5%7.2%-0.4%-0.5%
VWIV26.2%20.0%39.3%22.4%20.0%
Skew 25d4.2%-6.8%14.2%5.8%5.1%
Skew 10d10.2%-9.1%23.7%4.1%4.8%
Call IV 25d24.9%16.1%38.0%19.8%18.5%
Put IV 25d29.2%14.9%43.1%25.5%23.6%
Bid-Ask Spread %46.1223.46115.5627.2550.22
Gamma HHI0.150.090.450.130.12
Net GEX-9.6M-29.3M9.2M-26.9M-2.0M
Net DEX94.5M-89.0M426.1M179.9M-35.0M
Net VEX-799.0K-951.4K-683.7K-939.2K-705.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.360.066.052.676.05
Total Volume15,892.09537795,6029,9404,849
Total OI170,605.905128,684213,626199,786131,790

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$54.55$56.0022.4%6.0%22.5%36.6%22.4%5.8%-0.4%-26.9M179.9M-939.2K2.6727.25N/AN/A2,7057,23538,227161,559
2025-04-02$54.91$56.0020.0%6.1%19.6%27.8%23.5%5.2%0.1%-24.7M152.5M-921.9K4.8328.65N/AN/A1,0635,13439,708166,878
2025-04-03$53.55$56.0027.8%7.1%21.1%56.1%26.6%14.2%-0.9%-29.3M258.8M-951.4K1.1323.46N/AN/A15,21217,18040,610167,325
2025-04-04$50.80$56.0033.7%8.9%27.1%77.3%29.5%5.3%-1.0%-23.2M426.1M-901.2K1.4137.76N/AN/A19,76027,80442,340166,848
2025-04-07$48.88$54.0039.1%10.7%28.4%96.7%35.5%5.0%7.2%-15.0M419.8M-861.0K2.9038.14N/AN/A24,52871,07450,502163,124
2025-04-08$47.83$54.0041.6%11.6%28.6%100.0%39.3%5.1%-2.5%-10.2M318.4M-789.7K4.9135.10N/AN/A1,0124,96955,181136,720
2025-04-09$52.77$53.0027.7%8.4%47.3%52.6%28.8%-5.9%-5.3%-5.9M81.2M-861.5K1.37115.56N/AN/A10,24914,08155,590135,667
2025-04-10$51.22$53.0037.5%12.0%48.2%86.2%28.4%4.0%3.7%-7.3M162.2M-877.8K1.08111.42N/AN/A14,62815,81254,714133,093
2025-04-11$52.78$53.0028.8%8.8%48.7%56.4%30.5%0.3%0.9%-8.0M81.6M-876.3K0.9534.19N/AN/A2,3822,26458,013136,494
2025-04-14$53.28$53.0027.8%7.5%48.6%53.0%22.9%8.5%-2.9%-13.1M81.6M-780.0K2.6141.90N/AN/A9032,35748,789126,676
2025-04-15$53.50$53.0025.3%7.0%48.6%44.4%29.1%7.7%4.6%-16.3M79.4M-783.7K2.4149.09N/AN/A6871,65549,107128,957
2025-04-16$53.25$53.0028.2%8.1%48.6%54.3%26.3%9.6%-1.0%-15.5M91.6M-794.0K2.5448.22N/AN/A8622,18949,642127,963
2025-04-17$53.83$53.0024.3%6.9%48.6%40.8%26.6%8.7%0.1%-23.0M55.1M-729.5K1.5255.01N/AN/A2,3123,51949,937127,517
2025-04-21$53.09$53.0028.3%7.7%48.6%54.6%29.2%4.1%4.0%1.5M15.8M-717.6K0.3443.05N/AN/A9,7843,33045,42183,263
2025-04-22$54.58$53.0021.7%7.0%49.8%32.1%22.4%12.1%-8.5%9.2M-50.2M-726.0K0.0640.47N/AN/A9,08553249,43881,626
2025-04-23$55.16$53.0023.9%6.7%49.8%39.5%22.1%10.0%-7.3%6.6M-66.6M-698.2K4.5232.07N/AN/A3,92017,73547,04481,849
2025-04-24$56.05$53.0021.7%6.2%49.6%32.1%20.1%-2.0%2.9%3.1M-85.0M-769.3K0.0635.47N/AN/A5,37933047,87799,272
2025-04-25$56.43$53.0019.4%5.8%49.6%24.2%23.3%-5.7%1.3%729.8K-89.0M-714.3K5.8837.66N/AN/A15792343,01199,406
2025-04-28$56.63$53.0022.4%5.8%49.6%34.6%20.7%-0.9%1.6%-881.5K-51.7M-683.7K1.3341.17N/AN/A2,4683,28934,63295,330
2025-04-29$56.49$53.0019.2%5.6%49.4%23.7%22.8%-6.8%-6.5%-1.8M-41.7M-696.9K0.9142.58N/AN/A19718033,49898,086
2025-04-30$56.21$53.0019.5%5.9%49.5%24.7%20.0%5.1%-0.5%-2.0M-35.0M-705.3K6.0550.22N/AN/A6884,16133,65698,134