FPE Options History — November 2025

In November 2025, FPE traded between $18.16 and $18.38. ATM implied volatility averaged 37.5%, placing in the 56.2% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 33.5% (HV 20d: 4.0%). Max pain ranged from $20.00 to $20.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 0 of 19 days.

Notable Days

  • 2025-11-12: Largest IV drop — 42.7% change
  • 2025-11-11: Highest IV Rank — 85.1%
  • 2025-11-05: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.28$18.16$18.38$18.36$18.27
Max Pain$20.00$20.00$20.00$20.00$20.00
ATM IV37.5%30.1%53.9%41.0%37.4%
Expected Move9.6%8.3%12.5%11.8%10.7%
HV 20d4.0%2.8%5.9%5.8%3.3%
HV 60d4.4%4.3%4.6%4.5%4.3%
IV Rank56.2%43.1%85.1%62.4%55.9%
IV Percentile88.6%76.6%98.8%96.4%90.5%
Term Structure-9.2%-15.4%-5.8%-12.3%-11.8%
Skew 25d11.4%-0.2%29.0%27.5%25.1%
Skew 10d5.5%-30.5%32.2%3.7%9.2%
Call IV 25d32.0%14.3%43.2%23.8%22.8%
Put IV 25d43.5%36.0%56.0%51.3%47.8%
Bid-Ask Spread %166.74159.31169.67159.76167.99
Gamma HHI0.680.380.810.800.39
Net GEX3.5K-55.0K4.9K7
Net DEX-14.2K-28.5K15.0K-28.5K303
Net VEX-90-164-26-164-26
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI99.8421012412410

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-11-03$18.36$20.0041.0%11.8%5.8%62.4%0.0%27.5%-12.3%4.9K-28.5K-1640.00159.760010915
2025-11-04$18.31$20.0039.9%11.4%5.8%60.4%0.0%29.0%-14.6%4.8K-21.7K-1490.00159.420010915
2025-11-05$18.34$20.0043.6%12.5%5.9%66.9%0.0%25.1%-15.4%4.9K-17.2K-1340.00159.310010915
2025-11-06$18.31$0.0043.4%8.4%5.9%66.5%0.0%21.8%-6.6%4.7K-26.3K-1530.00165.610010915
2025-11-07$18.31$0.0044.9%8.3%5.3%69.2%0.0%-0.1%-5.8%4.7K-25.9K-1480.00169.670010915
2025-11-10$18.36$0.0050.5%8.5%5.2%79.0%0.0%22.4%-6.4%4.9K-22.8K-1250.00164.380010915
2025-11-11$18.38$0.0053.9%8.7%5.2%85.1%0.0%-0.0%-7.6%5.0K-23.4K-1210.00168.620010915
2025-11-12$18.37$0.0030.9%8.9%2.9%44.5%0.0%-0.1%-8.0%4.9K-26.5K-1240.00169.460010915
2025-11-13$18.30$0.0030.9%8.8%3.2%44.5%0.0%-0.2%-7.5%4.7K-19.1K-1080.00168.400010915
2025-11-14$18.30$0.0031.3%9.0%3.0%45.2%0.0%-0.2%-8.1%4.7K-18.7K-990.00169.270010915
2025-11-17$18.24$0.0032.2%9.2%3.0%46.8%0.0%0.9%-9.5%4.4K-11.8K-740.00168.980010915
2025-11-18$18.27$0.0032.1%9.2%2.8%46.6%0.0%1.0%-9.3%4.6K-15.6K-720.00164.410010915
2025-11-19$18.27$0.0032.6%9.3%2.8%47.6%0.0%0.9%-9.0%4.6K-18.0K-640.00168.790010915
2025-11-20$18.20$0.0033.2%9.5%3.1%48.7%0.0%0.8%-7.6%4.2K-10.1K-510.00167.160010915
2025-11-21$18.16$0.0030.1%8.6%3.1%43.1%0.0%-0.1%-7.6%415.0K-280.00169.560010615
2025-11-24$18.16$0.0033.8%9.7%2.9%49.7%0.0%16.1%-8.4%-5595-260.00169.160064
2025-11-25$18.20$0.0035.1%10.1%3.1%52.0%0.0%23.5%-10.0%4434-270.00169.510064
2025-11-26$18.23$0.0035.9%10.3%3.2%53.3%0.0%24.1%-9.5%4391-260.00168.640064
2025-11-28$18.27$0.0037.4%10.7%3.3%55.9%0.0%25.1%-11.8%7303-260.00167.990064