FPE Options History — December 2025

In December 2025, FPE traded between $18.18 and $18.31. ATM implied volatility averaged 36.3%, placing in the 54.0% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 33.0% (HV 20d: 3.3%). Net GEX was positive for 7 of 22 trading days. Term structure was in contango for 0 of 22 days.

Notable Days

  • 2025-12-09: Highest Volume — 3 contracts
  • 2025-12-30: Largest IV spike — 67.7% change
  • 2025-12-09: Highest IV Rank — 80.1%
  • 2025-12-03: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$18.24$18.18$18.31$18.24$18.23
ATM IV36.3%21.8%51.1%38.9%40.3%
Expected Move9.5%6.3%12.0%11.2%11.6%
HV 20d3.3%2.9%3.8%3.3%2.9%
HV 60d4.2%4.1%4.4%4.2%4.1%
IV Rank54.0%28.5%80.1%58.7%61.2%
IV Percentile82.2%46.0%97.6%92.1%91.7%
Term Structure-6.9%-15.2%-2.8%-12.2%-11.3%
Skew 25d9.5%-26.4%27.1%25.2%25.7%
Skew 10d7.3%1.4%27.2%11.3%7.8%
Call IV 25d33.4%21.5%43.5%25.0%28.3%
Put IV 25d42.8%12.9%54.1%50.2%54.1%
Bid-Ask Spread %169.00164.83172.57168.07165.50
Gamma HHI0.310.260.400.390.26
Net GEX-85-207153-207
Net DEX1.2K1902.0K3882.0K
Net VEX-29-33-24-26-24
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.1360300
Total OI12.04510131013

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$18.24$0.0038.9%11.2%3.3%58.7%0.0%25.2%-12.2%3388-260.00168.070064
2025-12-02$18.27$0.0040.8%11.7%3.4%62.0%0.0%26.1%-14.4%1364-250.00167.640064
2025-12-03$18.30$0.0042.0%12.0%3.3%64.2%0.0%27.1%-15.2%4295-250.00167.060064
2025-12-04$18.29$0.0043.4%8.4%3.2%66.6%0.0%1.3%-2.8%15190-260.00172.570064
2025-12-05$18.29$0.0044.9%8.5%3.2%69.3%0.0%1.3%-3.8%14198-260.00172.570064
2025-12-08$18.27$0.0049.7%8.7%3.2%77.7%0.0%0.2%-3.4%11260-250.00172.280064
2025-12-09$18.27$0.0051.1%8.8%3.0%80.1%0.0%0.2%-4.4%8287-240.00171.760364
2025-12-10$18.30$0.0030.9%8.9%3.1%44.6%0.0%0.2%-3.7%-931.3K-330.00171.760067
2025-12-11$18.31$0.0030.8%8.8%3.1%44.4%0.0%1.3%-4.0%-951.2K-330.00170.570067
2025-12-12$18.18$0.0030.1%8.6%3.8%43.2%0.0%-26.4%-3.2%-1071.6K-330.00169.280067
2025-12-15$18.19$0.0030.9%8.9%3.8%44.6%0.0%-7.4%-4.0%-1251.7K-320.00170.680067
2025-12-16$18.20$0.0021.8%6.3%3.6%28.5%0.0%-2.9%-4.2%-1071.5K-320.00170.310067
2025-12-17$18.19$0.0031.9%9.2%3.6%46.4%0.0%8.2%-4.6%-1141.6K-310.00170.160067
2025-12-18$18.20$0.0032.5%9.3%3.6%47.3%0.0%-0.1%-4.9%-1111.5K-320.00169.960067
2025-12-19$18.20$0.0033.0%9.5%3.3%48.3%0.0%1.3%-6.1%-1191.6K-310.00170.090067
2025-12-22$18.20$0.0034.3%9.8%3.2%50.6%0.0%23.8%-6.0%-1751.9K-280.00166.770067
2025-12-23$18.21$0.0035.0%10.0%3.2%51.8%0.0%24.1%-7.3%-1231.6K-300.00167.240067
2025-12-24$18.24$0.0034.9%10.0%3.2%51.6%0.0%25.0%-6.7%-1161.5K-290.00166.770067
2025-12-26$18.23$0.0036.7%10.5%3.1%54.7%0.0%25.3%-8.0%-1271.6K-290.00166.530067
2025-12-29$18.23$0.0023.8%6.8%3.0%32.1%0.0%4.6%-10.5%-1771.8K-260.00164.830067
2025-12-30$18.24$0.0039.9%11.4%2.9%60.4%0.0%24.2%-11.9%-1361.6K-280.00165.500067
2025-12-31$18.23$0.0040.3%11.6%2.9%61.2%0.0%25.7%-11.3%-2072.0K-240.00165.500067