FPE Options History — September 2025

In September 2025, FPE traded between $17.98 and $18.39. ATM implied volatility averaged 11.8%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded above realized volatility by 7.9% (HV 20d: 4.0%). Max pain ranged from $19.00 to $19.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-09-04: Highest Volume — 51 contracts
  • 2025-09-29: Largest IV spike — 186.9% change
  • 2025-09-30: Highest IV Rank — 36.3%
  • 2025-09-30: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.26$17.98$18.39$17.98$18.24
Max Pain$19.00$19.00$19.00$19.00$19.00
ATM IV11.8%6.1%25.3%7.2%25.3%
Expected Move3.3%1.7%7.2%2.1%7.2%
HV 20d4.0%3.2%4.3%3.8%3.6%
HV 60d3.2%2.9%3.4%2.9%3.4%
IV Rank11.5%1.0%36.3%3.0%36.3%
IV Percentile22.6%2.8%71.8%4.8%71.8%
Term Structure-1.2%-4.2%0.9%-4.2%-3.7%
VWIV10.6%10.6%10.6%10.6%10.6%
Skew 25d0.4%-24.0%36.2%-2.7%36.2%
Skew 10d9.0%-14.6%37.5%0.8%28.0%
Call IV 25d23.5%6.8%39.0%29.9%11.0%
Put IV 25d24.0%7.6%47.2%27.3%47.2%
Bid-Ask Spread %136.16122.52151.92141.46134.23
Gamma HHI0.570.430.750.550.68
Net GEX2.2K3014.6K3063.4K
Net DEX5.5K-6.8K11.9K11.9K1.4K
Net VEX-58-128-12-12-118
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume5.1905100
Total OI92.7141712317123

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$17.98$0.007.2%2.1%3.8%3.0%0.0%-2.7%-4.2%30611.9K-120.00141.460089
2025-09-03$18.05$0.006.5%1.9%4.0%1.7%0.0%-8.3%-1.2%30111.6K-130.00142.790089
2025-09-04$18.09$0.006.6%2.0%4.1%1.9%10.6%11.6%-1.1%45611.4K-130.00151.5051089
2025-09-05$18.16$19.008.4%1.7%4.2%5.2%0.0%-12.0%0.9%1.0K10.7K-190.00151.9200599
2025-09-08$18.20$19.009.3%3.2%4.3%6.8%0.0%-3.9%-1.8%1.9K3.6K-810.00144.4900599
2025-09-09$18.20$19.009.7%1.8%4.3%7.6%0.0%-7.2%-0.1%1.6K6.9K-530.00133.8500599
2025-09-10$18.23$19.007.4%2.1%4.3%3.3%0.0%-6.7%-0.1%1.1K10.3K-180.00140.0100599
2025-09-11$18.30$19.0017.4%5.0%4.3%21.7%0.0%1.2%-0.1%1.8K6.0K-560.00138.04500599
2025-09-12$18.32$19.006.1%1.8%4.3%1.0%0.0%-11.9%-0.0%2.8K5.6K-680.00125.60001099
2025-09-15$18.34$19.008.8%2.5%4.2%6.0%0.0%-9.3%-2.6%1.9K8.6K-320.00130.83001099
2025-09-16$18.37$19.0019.7%5.7%4.2%26.0%0.0%0.9%-0.4%4.0K-2.4K-1260.00139.43301099
2025-09-17$18.37$19.008.4%2.4%4.2%5.1%0.0%-14.3%-0.4%4.6K-5.8K-1120.00139.96001129
2025-09-18$18.38$19.0020.4%5.8%4.2%27.3%0.0%0.4%-2.7%4.4K-4.3K-990.00137.48001129
2025-09-19$18.39$19.0021.3%6.1%3.4%29.0%0.0%10.6%-1.8%4.0K-6.8K-1120.00137.90001129
2025-09-22$18.38$19.007.7%2.2%3.3%3.9%0.0%-24.0%-1.8%1.8K9.0K-270.00127.74001099
2025-09-23$18.38$19.0011.5%3.3%3.2%10.8%0.0%5.9%-2.4%2.0K8.6K-280.00132.35001099
2025-09-24$18.38$19.007.2%2.1%3.2%3.0%0.0%2.6%-0.4%1.9K8.9K-270.00122.52001099
2025-09-25$18.26$19.006.9%2.0%4.1%2.4%0.0%1.2%0.7%1.7K9.1K-300.00122.86041099
2025-09-26$18.27$19.008.5%2.4%4.1%5.4%0.0%4.2%0.7%1.4K10.4K-390.00129.510010913
2025-09-29$18.27$19.0024.4%7.0%4.1%34.7%0.0%34.4%-2.2%3.6K17-1280.00134.981010913
2025-09-30$18.24$19.0025.3%7.2%3.6%36.3%0.0%36.2%-3.7%3.4K1.4K-1180.00134.230011013