FPE Options History — April 2025

In April 2025, FPE traded between $16.91 and $17.59. ATM implied volatility averaged 23.7%, placing in the 29.9% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 12.3% (HV 20d: 11.3%). Max pain ranged from $16.00 to $20.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.43.

Notable Days

2025-04-21: Highest Volume — 368 contracts
2025-04-30: Largest IV spike — 103.1% change
2025-04-04: Highest IV Rank — 90.2%
2025-04-04: Largest Expected Move — 11.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.24	$16.91	$17.59	$17.59	$17.27
Max Pain	$16.19	$16.00	$20.00	$20.00	$16.00
ATM IV	23.7%	10.3%	59.2%	28.8%	24.9%
Expected Move	5.3%	2.4%	11.7%	3.9%	7.1%
HV 20d	11.3%	3.7%	14.2%	3.7%	14.2%
HV 60d	7.3%	4.1%	8.6%	4.1%	8.6%
IV Rank	29.9%	7.1%	90.2%	38.7%	32.0%
IV Percentile	55.3%	18.3%	99.6%	82.5%	69.4%
Term Structure	2.6%	-34.6%	74.5%	-34.6%	-13.9%
VWIV	18.6%	11.2%	45.6%	18.6%	14.1%
Skew 25d	-12.0%	-41.3%	16.1%	16.1%	-29.1%
Skew 10d	-6.7%	-26.1%	33.1%	-4.4%	-12.6%
Call IV 25d	32.5%	12.7%	52.9%	28.4%	46.0%
Put IV 25d	20.5%	10.3%	44.5%	44.5%	16.9%
Bid-Ask Spread %	144.37	120.98	179.78	124.16	134.78
Gamma HHI	0.66	0.36	1.00	0.79	0.38
Net GEX	-4.9K	-21.2K	16.6K	-607	4.0K
Net DEX	30.4K	-61.8K	177.7K	2.4K	-50.2K
Net VEX	-298	-662	0	-12	-662
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.43	0.00	1.59	1.59	0.00
Total Volume	67.619	0	368	2	0
Total OI	559.333	61	838	61	838

Daily Data (21 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
2025-04-01	$17.59	$20.00	28.8%	3.9%	3.7%	38.7%	18.6%	16.1%	-34.6%	-607	2.4K	-12	0.00	124.16	0	2	41	20
2025-04-02	$17.59	$16.00	27.0%	2.4%	3.7%	35.5%	14.3%	-1.5%	-1.6%	-529	1.8K	-10	0.00	125.69	0	284	41	22
2025-04-03	$17.44	$16.00	33.6%	7.4%	4.6%	46.8%	0.0%	-19.0%	-1.8%	-11.4K	65.1K	-362	0.00	163.65	0	92	41	304
2025-04-04	$17.20	$16.00	59.2%	11.7%	6.5%	90.2%	0.0%	-37.8%	-5.3%	-15.1K	158.4K	-637	0.00	173.78	0	0	41	396
2025-04-07	$16.95	$16.00	53.5%	5.8%	8.0%	80.7%	11.2%	-41.3%	21.1%	-21.2K	136.7K	-511	0.00	179.78	0	61	41	396
2025-04-08	$16.91	$16.00	40.0%	6.6%	8.0%	57.6%	45.6%	-12.2%	1.3%	-17.9K	177.7K	-629	1.59	161.57	64	102	41	396
2025-04-09	$17.30	$16.00	39.7%	11.4%	11.9%	57.2%	22.0%	-1.0%	-6.1%	-11.8K	89.1K	-575	0.00	160.39	209	0	105	396
2025-04-10	$17.02	$16.00	34.2%	9.8%	13.1%	47.9%	0.0%	-29.9%	-23.9%	-1.1K	87.3K	-602	0.00	166.31	0	0	314	396
2025-04-11	$17.01	$16.00	11.3%	3.2%	13.0%	9.0%	0.0%	-4.9%	-2.6%	-11.7K	20.6K	-135	0.00	147.52	0	0	314	396
2025-04-14	$17.13	$16.00	22.4%	6.4%	13.3%	27.7%	0.0%	-11.6%	8.7%	739	-1.2K	-435	0.00	147.99	0	0	314	396
2025-04-15	$17.18	$16.00	10.6%	3.0%	13.4%	7.7%	0.0%	14.1%	12.2%	16.6K	-61.8K	-100	0.00	136.65	0	0	314	396
2025-04-16	$17.16	$16.00	10.8%	3.1%	13.3%	8.1%	0.0%	-15.9%	-1.0%	4.8K	-37.8K	-187	0.00	142.13	0	0	314	396
2025-04-17	$17.24	$16.00	13.5%	3.9%	13.5%	12.6%	0.0%	-10.7%	74.5%	-11.2K	20.7K	-113	0.00	139.95	0	55	314	396
2025-04-21	$17.09	$16.00	10.5%	3.0%	13.7%	7.6%	14.9%	8.3%	6.5%	0	0	0	0.99	145.76	185	183	39	294
2025-04-22	$17.16	$16.00	19.1%	5.5%	13.8%	22.2%	0.0%	-19.3%	15.5%	-18.8K	73.6K	-359	0.00	142.66	0	0	224	431
2025-04-23	$17.27	$16.00	10.3%	2.9%	14.1%	7.1%	13.1%	-1.8%	-2.0%	-4.7K	6.3K	-60	0.00	135.08	10	0	224	431
2025-04-24	$17.34	$16.00	12.5%	3.6%	14.2%	11.0%	0.0%	-23.1%	-0.2%	-9.0K	17.7K	-132	0.00	122.22	0	0	234	431
2025-04-25	$17.36	$16.00	11.9%	3.4%	14.1%	10.0%	0.0%	-26.0%	-2.1%	-6.5K	11.0K	-134	0.00	120.98	0	0	234	431
2025-04-28	$17.37	$16.00	11.0%	3.2%	14.1%	8.5%	13.8%	-3.3%	-3.8%	2.7K	-36.5K	-291	0.00	131.85	64	0	234	431
2025-04-29	$17.38	$16.00	12.3%	3.5%	14.1%	10.5%	14.1%	-1.2%	13.0%	9.0K	-42.8K	-307	0.00	128.86	109	0	298	431
2025-04-30	$17.27	$16.00	24.9%	7.1%	14.2%	32.0%	0.0%	-29.1%	-13.9%	4.0K	-50.2K	-662	0.00	134.78	0	0	407	431