FPE Options History — October 2025

In October 2025, FPE traded between $18.14 and $18.49. ATM implied volatility averaged 29.3%, placing in the 42.9% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 24.5% (HV 20d: 4.9%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.00.

Notable Days

2025-10-01: Highest Volume — 5 contracts
2025-10-22: Largest IV spike — 101.4% change
2025-10-24: Highest IV Rank — 100.0%
2025-10-24: Largest Expected Move — 17.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.35	$18.14	$18.49	$18.29	$18.37
Max Pain	$19.87	$19.00	$20.00	$19.00	$20.00
ATM IV	29.3%	9.3%	62.4%	25.9%	39.4%
Expected Move	6.4%	2.2%	17.9%	7.4%	11.3%
HV 20d	4.9%	3.0%	6.3%	3.5%	5.8%
HV 60d	4.0%	3.4%	4.5%	3.4%	4.5%
IV Rank	42.9%	6.8%	100.0%	37.3%	59.5%
IV Percentile	73.0%	16.3%	100.0%	73.4%	95.2%
Term Structure	-2.3%	-14.7%	14.4%	-2.5%	-11.0%
Skew 25d	4.6%	-21.2%	57.5%	39.0%	27.6%
Skew 10d	4.5%	-29.2%	77.9%	42.5%	7.0%
Call IV 25d	23.0%	9.4%	33.8%	9.4%	19.3%
Put IV 25d	27.6%	7.7%	79.5%	48.4%	46.9%
Bid-Ask Spread %	143.47	129.03	166.72	129.03	159.12
Gamma HHI	0.69	0.34	0.81	0.81	0.80
Net GEX	3.7K	1.1K	5.2K	3.7K	5.0K
Net DEX	-8.0K	-54.7K	11.1K	-649	-26.3K
Net VEX	-118	-246	-35	-108	-175
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.304	0	5	5	0
Total OI	126.913	123	130	123	124

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-10-01	$18.29	$19.00	25.9%	7.4%	3.5%	37.3%	0.0%	39.0%	-2.5%	3.7K	-649	-108	129.03	5	0	110	13
2025-10-02	$18.30	$19.00	26.7%	7.6%	3.5%	38.8%	0.0%	38.7%	-1.7%	3.9K	-640	-121	134.60	0	0	115	13
2025-10-03	$18.27	$19.00	27.8%	8.0%	3.3%	40.8%	0.0%	41.8%	-2.4%	2.9K	4.6K	-72	129.69	0	2	115	13
2025-10-06	$18.29	$20.00	30.1%	2.2%	3.3%	45.2%	0.0%	-9.3%	-0.7%	3.3K	2.1K	-100	136.41	0	0	115	15
2025-10-07	$18.27	$20.00	31.8%	2.5%	3.3%	48.3%	0.0%	-19.6%	-3.1%	2.5K	5.9K	-69	130.97	0	0	115	15
2025-10-08	$18.29	$20.00	33.4%	2.2%	3.3%	51.3%	0.0%	-18.7%	2.5%	2.1K	7.1K	-52	131.44	0	0	115	15
2025-10-09	$18.26	$20.00	34.4%	2.6%	3.0%	53.1%	0.0%	-19.1%	-1.1%	2.2K	6.6K	-59	133.85	0	0	115	15
2025-10-10	$18.14	$20.00	37.4%	2.3%	3.7%	58.6%	0.0%	-10.6%	5.2%	1.4K	10.6K	-45	146.13	0	0	115	15
2025-10-13	$18.21	$20.00	25.5%	2.2%	4.0%	36.6%	0.0%	2.8%	2.9%	1.1K	11.1K	-35	137.25	0	0	115	15
2025-10-14	$18.22	$20.00	35.4%	4.6%	4.0%	54.9%	0.0%	-21.2%	-2.7%	2.3K	7.3K	-74	134.38	0	0	115	15
2025-10-15	$18.44	$20.00	13.0%	3.7%	5.9%	13.6%	0.0%	0.7%	6.9%	4.5K	-5.4K	-125	142.51	0	0	115	15
2025-10-16	$18.41	$20.00	12.1%	3.5%	6.0%	12.0%	0.0%	-18.9%	14.4%	3.8K	-27	-94	136.78	0	0	115	15
2025-10-17	$18.45	$20.00	9.8%	2.8%	6.0%	7.8%	0.0%	-7.9%	3.8%	3.5K	2.4K	-84	143.44	0	0	115	15
2025-10-20	$18.49	$20.00	16.2%	4.6%	6.0%	19.6%	0.0%	-20.6%	-1.4%	4.3K	-2.0K	-105	131.66	0	0	109	15
2025-10-21	$18.41	$20.00	9.3%	2.7%	6.3%	6.8%	0.0%	-20.0%	-2.2%	3.1K	3.7K	-73	143.77	0	0	109	15
2025-10-22	$18.41	$20.00	18.7%	5.4%	6.3%	24.2%	0.0%	-6.0%	2.3%	5.1K	-14.0K	-157	144.70	0	0	109	15
2025-10-23	$18.41	$20.00	34.7%	9.9%	5.8%	53.6%	0.0%	12.5%	-8.1%	5.2K	-19.9K	-176	154.83	0	0	109	15
2025-10-24	$18.41	$20.00	62.4%	17.9%	5.8%	100.0%	0.0%	57.5%	-14.7%	3.8K	-54.7K	-246	166.72	0	0	109	15
2025-10-27	$18.45	$20.00	36.6%	10.5%	5.8%	54.6%	0.0%	0.1%	-9.6%	5.2K	-29.1K	-191	156.71	0	0	109	15
2025-10-28	$18.45	$20.00	37.3%	10.7%	5.7%	55.9%	0.0%	0.0%	-9.2%	5.2K	-28.9K	-187	156.71	0	0	109	15
2025-10-29	$18.44	$20.00	38.2%	10.9%	5.7%	57.4%	0.0%	28.4%	-10.8%	5.1K	-32.2K	-195	159.40	0	0	109	15
2025-10-30	$18.41	$20.00	38.4%	11.0%	5.7%	57.7%	0.0%	28.3%	-10.1%	5.0K	-31.2K	-180	159.74	0	0	109	15
2025-10-31	$18.37	$20.00	39.4%	11.3%	5.8%	59.5%	0.0%	27.6%	-11.0%	5.0K	-26.3K	-175	159.12	0	0	109	15