FEZ Options History — June 2025

In June 2025, FEZ traded between $57.92 and $60.34. ATM implied volatility averaged 17.2%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 3.9% (HV 20d: 13.3%). Max pain ranged from $59.00 to $60.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 4.15.

Notable Days

2025-06-06: Highest Volume — 32,705 contracts
2025-06-12: Largest IV spike — 45.6% change
2025-06-12: Highest IV Rank — 34.1%
2025-06-23: Largest Expected Move — 5.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$59.42	$57.92	$60.34	$59.83	$59.69
Max Pain	$59.20	$59.00	$60.00	$59.50	$59.50
ATM IV	17.2%	12.1%	22.4%	20.9%	13.3%
Expected Move	4.9%	4.4%	5.5%	4.9%	4.8%
HV 20d	13.3%	11.1%	15.9%	11.4%	15.2%
HV 60d	30.3%	30.0%	31.1%	31.1%	30.2%
IV Rank	16.6%	0.0%	34.1%	29.0%	4.0%
IV Percentile	28.2%	0.0%	69.0%	57.5%	2.4%
Term Structure	-0.5%	-9.2%	10.1%	-1.5%	10.1%
VWIV	18.1%	13.5%	24.0%	21.8%	15.1%
Skew 25d	3.8%	-10.8%	9.0%	3.8%	8.0%
Skew 10d	1.3%	-9.5%	12.3%	-7.4%	3.6%
Call IV 25d	14.8%	9.0%	26.6%	19.1%	10.0%
Put IV 25d	18.6%	10.2%	28.0%	22.8%	18.1%
Bid-Ask Spread %	42.39	30.46	65.45	39.89	31.85
Gamma HHI	0.15	0.09	0.23	0.16	0.12
Net GEX	-1.1M	-11.4M	6.4M	2.8M	-597.6K
Net DEX	-29.8M	-74.1M	40.9M	-52.9M	-19.6M
Net VEX	-626.9K	-697.7K	-556.0K	-695.9K	-618.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.15	0.01	29.42	4.74	0.01
Total Volume	5,422.8	569	32,705	1,183	10,614
Total OI	155,256	121,563	184,677	157,239	124,125

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-06-02	$59.83	$59.50	20.9%	4.9%	11.4%	29.0%	21.8%	3.8%	-1.5%	2.8M	-52.9M	-695.9K	4.74	39.89	N/A	N/A	206	977	55,321	101,918
2025-06-03	$59.52	$59.50	15.8%	4.7%	11.6%	11.7%	15.3%	-0.8%	-3.4%	-692.3K	-38.9M	-633.6K	0.77	45.78	N/A	N/A	399	308	55,448	102,291
2025-06-04	$59.97	$59.50	19.1%	4.8%	11.8%	22.9%	22.1%	4.5%	-8.5%	4.5M	-61.4M	-639.6K	29.42	40.47	N/A	N/A	271	7,972	55,680	102,574
2025-06-05	$59.92	$59.00	19.3%	4.9%	11.5%	23.6%	18.0%	6.6%	8.5%	2.3M	-55.9M	-614.7K	3.24	35.07	N/A	N/A	775	2,510	55,940	110,204
2025-06-06	$60.17	$59.00	16.1%	4.4%	11.6%	12.5%	13.5%	-10.8%	-2.4%	6.4M	-66.5M	-584.3K	0.03	38.92	N/A	N/A	31,631	1,074	56,117	111,894
2025-06-09	$60.11	$59.00	14.7%	4.5%	11.6%	7.7%	16.1%	2.5%	6.0%	4.2M	-67.8M	-602.9K	1.62	34.84	N/A	N/A	217	352	55,557	108,525
2025-06-10	$60.22	$59.00	12.5%	4.4%	11.6%	0.3%	15.4%	0.6%	6.7%	6.0M	-74.1M	-559.4K	1.24	60.46	N/A	N/A	428	529	55,635	108,406
2025-06-11	$60.03	$59.00	15.4%	4.6%	11.2%	10.1%	17.9%	8.2%	0.9%	4.1M	-68.5M	-556.0K	11.88	33.57	N/A	N/A	494	5,869	55,743	108,844
2025-06-12	$60.34	$60.00	22.4%	4.8%	11.1%	34.1%	17.8%	1.2%	-2.8%	5.6M	-74.1M	-592.8K	0.23	39.01	N/A	N/A	3,920	915	55,996	113,521
2025-06-13	$59.10	$60.00	15.8%	5.3%	13.6%	11.6%	20.6%	5.7%	6.1%	-7.2M	-9.8M	-676.8K	1.99	40.11	N/A	N/A	2,206	4,394	59,849	113,940
2025-06-16	$59.80	$59.00	20.2%	4.9%	14.2%	26.6%	18.6%	4.4%	3.6%	1.8M	-58.9M	-567.0K	2.54	54.59	N/A	N/A	754	1,913	61,309	116,366
2025-06-17	$58.84	$59.00	19.3%	5.3%	14.9%	23.6%	24.0%	4.5%	2.2%	-10.1M	-1.4M	-635.7K	3.09	51.26	N/A	N/A	949	2,930	61,473	117,044
2025-06-18	$58.72	$59.00	17.7%	5.1%	14.7%	18.2%	20.3%	4.9%	-8.8%	-11.4M	-4.0M	-613.1K	2.50	49.93	N/A	N/A	1,087	2,714	62,216	119,892
2025-06-20	$58.53	$59.00	16.9%	4.9%	14.7%	15.5%	16.1%	3.5%	-9.2%	-11.2M	4.8M	-575.4K	4.43	65.45	N/A	N/A	1,799	7,966	63,096	121,581
2025-06-23	$57.92	$59.00	22.1%	5.5%	15.1%	33.3%	21.9%	1.3%	-2.2%	-6.7M	40.9M	-697.7K	2.96	50.25	N/A	N/A	1,067	3,160	34,216	87,347
2025-06-24	$58.97	$59.00	17.1%	4.9%	15.9%	16.1%	15.6%	8.9%	-7.2%	-2.4M	-622.1K	-650.2K	0.81	30.46	N/A	N/A	989	806	34,909	87,068
2025-06-25	$58.53	$59.00	19.3%	5.0%	15.0%	23.6%	17.8%	9.0%	-0.5%	-4.6M	21.6M	-694.4K	3.10	38.57	N/A	N/A	340	1,053	35,840	87,577
2025-06-26	$58.77	$59.00	12.1%	4.8%	14.7%	0.0%	16.1%	2.5%	0.6%	-3.9M	8.5M	-681.5K	0.19	34.69	N/A	N/A	480	91	36,075	87,631
2025-06-27	$59.40	$59.00	14.5%	4.7%	15.1%	8.0%	18.1%	7.9%	-7.6%	-425.8K	-16.6M	-649.3K	8.20	32.66	N/A	N/A	467	3,830	36,287	87,665
2025-06-30	$59.69	$59.50	13.3%	4.8%	15.2%	4.0%	15.1%	8.0%	10.1%	-597.6K	-19.6M	-618.4K	0.01	31.85	N/A	N/A	10,465	149	35,522	88,603