FPE Options History — January 2025

In January 2025, FPE traded between $17.52 and $17.82. ATM implied volatility averaged 24.7%, placing in the 31.7% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 19.5% (HV 20d: 5.3%). Max pain ranged from $15.00 to $21.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 9 of 20 days. Put/call ratio averaged 3.74.

Notable Days

2025-01-13: Highest Volume — 205 contracts
2025-01-24: Largest IV spike — 77.4% change
2025-01-06: Highest IV Rank — 51.1%
2025-01-07: Largest Expected Move — 9.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.71	$17.52	$17.82	$17.75	$17.76
Max Pain	$16.75	$15.00	$21.00	$21.00	$16.00
ATM IV	24.7%	12.6%	36.1%	30.1%	16.5%
Expected Move	6.7%	3.6%	9.8%	8.6%	4.7%
HV 20d	5.3%	4.7%	5.6%	4.7%	5.3%
HV 60d	4.6%	4.1%	4.8%	4.1%	4.7%
IV Rank	31.7%	11.1%	51.1%	40.8%	17.7%
IV Percentile	72.8%	36.9%	92.9%	85.3%	52.8%
Term Structure	3.1%	-18.6%	72.7%	-6.4%	-1.6%
VWIV	36.2%	24.1%	48.2%	24.1%	48.2%
Skew 25d	2.3%	-14.0%	22.0%	17.1%	22.0%
Skew 10d	8.0%	-22.1%	27.5%	15.3%	27.5%
Call IV 25d	24.2%	12.8%	39.0%	22.0%	14.6%
Put IV 25d	26.4%	12.4%	45.4%	39.1%	36.6%
Bid-Ask Spread %	154.22	144.88	171.72	165.81	154.28
Gamma HHI	0.53	0.36	0.76	0.50	0.47
Net GEX	-567	-9.4K	2.5K	821	-848
Net DEX	-2.5K	-49.2K	23.6K	-2.9K	2.7K
Net VEX	-40	-138	-4	-20	-44
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.74	0.00	19.00	19.00	0.00
Total Volume	29.75	0	205	0	0
Total OI	187.65	75	506	75	209

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 Vol	Put Vol	Call OI	Put OI
2025-01-02	$17.75	$21.00	30.1%	8.6%	4.7%	40.8%	0.0%	17.1%	-6.4%	821	-2.9K	-20	0.00	165.81	0	0	75	0
2025-01-03	$17.81	$21.00	31.1%	8.9%	4.8%	42.6%	0.0%	12.3%	-2.4%	864	-3.4K	-24	0.00	155.94	0	0	75	0
2025-01-06	$17.79	$20.00	36.1%	5.6%	4.8%	51.1%	0.0%	-14.0%	1.5%	836	-2.6K	-16	0.00	151.09	0	0	75	0
2025-01-07	$17.69	$20.00	24.9%	9.8%	5.0%	32.0%	0.0%	6.5%	-13.9%	895	-8.0K	-44	0.00	171.72	0	1	75	0
2025-01-08	$17.66	$20.00	15.7%	6.5%	5.0%	16.4%	24.1%	-4.9%	9.1%	507	-2.6K	-20	0.00	155.18	0	56	75	1
2025-01-10	$17.59	$15.00	26.7%	7.1%	5.1%	35.0%	0.0%	-6.0%	-6.9%	-610	-1.4K	-18	19.00	151.85	1	19	75	57
2025-01-13	$17.52	$15.00	34.6%	7.0%	5.1%	48.5%	0.0%	-2.6%	3.4%	-2.2K	5.5K	-24	2.15	147.09	65	140	76	76
2025-01-14	$17.57	$15.00	32.2%	5.5%	5.3%	44.5%	0.0%	-0.4%	-5.3%	-9.4K	23.6K	-125	1.31	154.75	29	38	141	216
2025-01-15	$17.71	$15.00	24.6%	7.1%	5.5%	31.5%	0.0%	-9.9%	5.7%	519	-22.3K	-105	0.00	144.88	82	0	170	254
2025-01-16	$17.74	$15.00	22.7%	6.5%	5.5%	28.3%	0.0%	-4.8%	72.7%	2.5K	-49.2K	-138	0.00	153.60	0	0	252	254
2025-01-17	$17.74	$15.00	17.2%	4.9%	5.5%	18.9%	0.0%	4.4%	15.5%	460	-1.7K	-12	0.00	152.02	20	0	252	254
2025-01-21	$17.82	$15.00	24.5%	7.0%	5.4%	31.3%	48.2%	-5.8%	-6.8%	233	-564	-4	0.00	155.94	0	31	31	55
2025-01-22	$17.73	$16.00	12.6%	3.6%	5.6%	11.1%	0.0%	20.5%	14.0%	-642	1.4K	-15	0.00	151.02	0	0	31	86
2025-01-23	$17.73	$16.00	12.8%	3.7%	5.4%	11.4%	0.0%	7.3%	-1.3%	-459	158	-4	0.00	155.34	0	0	31	86
2025-01-24	$17.73	$16.00	22.7%	6.5%	5.4%	28.2%	0.0%	5.5%	9.3%	-669	1.6K	-18	0.00	153.76	22	0	31	86
2025-01-27	$17.73	$16.00	24.7%	7.1%	5.4%	31.6%	0.0%	-9.6%	-11.9%	-376	-1.6K	-24	0.00	150.99	0	0	32	86
2025-01-28	$17.73	$16.00	25.2%	7.2%	5.4%	32.5%	0.0%	14.1%	-18.6%	-674	1.8K	-29	0.00	149.47	0	91	32	86
2025-01-29	$17.73	$16.00	33.5%	9.6%	5.3%	46.6%	0.0%	-8.1%	-4.3%	-1.7K	5.3K	-66	0.00	156.12	0	0	32	177
2025-01-30	$17.77	$16.00	26.2%	7.5%	5.3%	34.3%	0.0%	1.8%	9.6%	-1.5K	3.8K	-58	0.00	153.64	0	0	32	177
2025-01-31	$17.76	$16.00	16.5%	4.7%	5.3%	17.7%	0.0%	22.0%	-1.6%	-848	2.7K	-44	0.00	154.28	0	0	32	177