FPE Options History — May 2025

In May 2025, FPE traded between $17.27 and $17.59. ATM implied volatility averaged 27.5%, placing in the 36.5% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 19.5% (HV 20d: 8.1%). Max pain ranged from $16.00 to $20.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 2.80.

Notable Days

2025-05-12: Highest Volume — 145 contracts
2025-05-02: Largest IV spike — 309.3% change
2025-05-08: Highest IV Rank — 91.4%
2025-05-02: Largest Expected Move — 12.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$17.45	$17.27	$17.59	$17.27	$17.55
Max Pain	$18.05	$16.00	$20.00	$16.00	$17.00
ATM IV	27.5%	10.8%	59.9%	10.8%	21.3%
Expected Move	6.4%	3.1%	12.7%	3.1%	6.1%
HV 20d	8.1%	5.1%	14.2%	14.2%	6.5%
HV 60d	8.9%	8.6%	9.2%	8.6%	9.2%
IV Rank	36.5%	8.2%	91.4%	8.2%	26.0%
IV Percentile	64.4%	19.4%	99.6%	22.2%	53.6%
Term Structure	-8.4%	-24.6%	9.4%	-4.2%	-10.2%
VWIV	19.8%	12.1%	25.6%	16.4%	25.6%
Skew 25d	-5.8%	-18.6%	11.2%	-4.9%	-4.1%
Skew 10d	1.0%	-16.3%	28.6%	0.9%	6.7%
Call IV 25d	26.0%	14.1%	36.8%	15.2%	27.3%
Put IV 25d	20.2%	9.2%	37.1%	10.3%	23.2%
Bid-Ask Spread %	140.70	124.22	157.99	124.22	132.34
Gamma HHI	0.56	0.28	0.90	0.73	0.40
Net GEX	11.6K	-2.4K	53.0K	16.4K	564
Net DEX	-41.6K	-149.0K	10.2K	-26.5K	-767
Net VEX	-203	-701	-30	-144	-38
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.80	0.00	11.00	0.00	11.00
Total Volume	13.571	0	145	1	0
Total OI	626.571	200	998	838	313

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
2025-05-01	$17.27	$16.00	10.8%	3.1%	14.2%	8.2%	16.4%	-4.9%	-4.2%	16.4K	-26.5K	-144	0.00	124.22	1	0	407	431
2025-05-02	$17.34	$16.00	44.4%	12.7%	14.0%	65.2%	0.0%	11.2%	-13.9%	5.3K	-71.0K	-701	0.00	135.95	0	0	407	431
2025-05-05	$17.29	$20.00	14.8%	8.0%	13.1%	15.0%	0.0%	0.3%	-19.6%	20.0K	-73.4K	-376	0.00	146.96	0	0	407	431
2025-05-06	$17.30	$20.00	44.9%	7.8%	11.9%	66.0%	0.0%	0.0%	-19.9%	5.7K	-62.3K	-553	0.00	151.40	0	0	407	431
2025-05-07	$17.34	$20.00	37.5%	5.4%	11.9%	53.4%	0.0%	-4.9%	-6.1%	11.4K	-68.8K	-411	0.00	157.99	0	0	407	431
2025-05-08	$17.37	$20.00	59.9%	5.1%	8.7%	91.4%	0.0%	-18.6%	-3.3%	3.5K	-49.4K	-462	0.00	152.72	0	0	407	431
2025-05-09	$17.38	$20.00	19.1%	3.9%	6.2%	22.2%	0.0%	3.2%	9.4%	21.5K	-40.2K	-122	0.00	149.58	0	0	407	431
2025-05-12	$17.54	$20.00	51.7%	5.8%	6.8%	77.6%	0.0%	-2.5%	-9.6%	8.9K	-80.7K	-333	0.00	146.30	145	0	407	431
2025-05-13	$17.55	$20.00	25.4%	4.7%	6.4%	33.0%	0.0%	-15.2%	-15.8%	53.0K	-132.3K	-189	0.00	135.15	0	0	552	431
2025-05-14	$17.52	$20.00	24.1%	6.9%	6.5%	30.7%	12.1%	-17.7%	-16.2%	48.0K	-127.1K	-157	0.18	136.51	22	4	552	431
2025-05-15	$17.55	$17.00	26.2%	7.5%	6.4%	34.2%	0.0%	-16.1%	-18.4%	46.0K	-149.0K	-187	0.00	138.44	0	0	563	435
2025-05-16	$17.59	$17.00	25.4%	7.3%	6.3%	32.9%	0.0%	-16.4%	-4.2%	1.5K	-2.8K	-34	0.00	139.36	0	0	563	435
2025-05-19	$17.59	$17.00	33.8%	9.7%	5.2%	47.2%	25.2%	-8.0%	-24.6%	2.5K	-6.2K	-57	0.00	152.75	0	1	196	4
2025-05-20	$17.59	$17.00	24.5%	7.0%	5.1%	31.3%	25.6%	-2.8%	-6.6%	1.2K	-2.0K	-30	11.00	145.98	1	11	196	5
2025-05-21	$17.37	$17.00	17.8%	5.1%	6.8%	20.1%	0.0%	-4.9%	0.7%	2.0K	-4.6K	-74	0.00	143.06	0	100	197	16
2025-05-22	$17.38	$17.00	18.7%	5.4%	6.6%	21.5%	0.0%	-2.9%	-1.4%	-1.5K	7.0K	-66	0.00	128.24	0	0	197	116
2025-05-23	$17.38	$17.00	10.9%	3.1%	6.6%	8.2%	0.0%	-6.8%	4.3%	-2.4K	10.2K	-82	0.00	140.17	0	0	197	116
2025-05-27	$17.48	$17.00	14.3%	4.1%	6.9%	14.1%	0.0%	-9.7%	5.7%	-1.3K	5.3K	-48	0.00	135.84	0	0	197	116
2025-05-28	$17.48	$17.00	22.3%	6.4%	6.9%	27.6%	0.0%	-0.4%	-7.2%	-416	2.1K	-31	0.00	130.95	0	0	197	116
2025-05-29	$17.51	$17.00	30.4%	8.7%	6.5%	41.4%	0.0%	-0.9%	-14.3%	1.7K	-2.2K	-170	0.00	130.85	0	0	197	116
2025-05-30	$17.55	$17.00	21.3%	6.1%	6.5%	26.0%	0.0%	-4.1%	-10.2%	564	-767	-38	0.00	132.34	0	0	197	116