FPE Options History — January 2026

In January 2026, FPE traded between $18.26 and $18.36. ATM implied volatility averaged 45.4%, placing in the 55.1% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 43.0% (HV 20d: 2.4%). Max pain ranged from $18.00 to $18.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 0 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2026-01-15: Highest Volume — 2 contracts
2026-01-14: Largest IV drop — 66.6% change
2026-01-12: Highest IV Rank — 100.0%
2026-01-02: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$18.30	$18.26	$18.36	$18.27	$18.30
Max Pain	$18.00	$18.00	$18.00	$18.00	$18.00
ATM IV	45.4%	31.0%	92.8%	43.9%	38.9%
Expected Move	9.5%	7.8%	12.6%	12.6%	11.1%
HV 20d	2.4%	1.4%	3.0%	2.9%	2.4%
HV 60d	3.2%	2.8%	4.2%	4.2%	2.9%
IV Rank	55.1%	29.1%	100.0%	67.5%	38.1%
IV Percentile	85.8%	68.7%	100.0%	94.0%	85.3%
Term Structure	-7.7%	-14.9%	-5.0%	-14.9%	-11.1%
VWIV	23.5%	23.5%	23.5%	23.5%	23.5%
Skew 25d	-3.4%	-85.9%	28.8%	28.8%	3.1%
Skew 10d	16.6%	-26.0%	40.6%	7.4%	40.6%
Call IV 25d	44.5%	25.0%	130.5%	28.9%	46.5%
Put IV 25d	41.1%	9.3%	57.7%	57.7%	49.5%
Bid-Ask Spread %	170.38	165.41	180.29	165.41	166.71
Gamma HHI	0.28	0.26	0.30	0.27	0.28
Net GEX	-127	-194	-75	-130	-123
Net DEX	1.6K	778	2.0K	1.4K	2.0K
Net VEX	-22	-27	-18	-27	-18
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	0.1	0	2	0	0
Total OI	13.6	13	15	13	14

Daily Data (20 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	Call OI	Put OI
2026-01-02	$18.27	$0.00	43.9%	12.6%	2.9%	67.5%	0.0%	28.8%	-14.9%	-130	1.4K	-27	165.41	0	6	7
2026-01-05	$18.29	$18.00	49.5%	8.3%	3.0%	77.3%	0.0%	0.3%	-5.0%	-129	1.4K	-26	173.12	0	6	7
2026-01-06	$18.26	$18.00	52.0%	8.2%	3.0%	81.7%	0.0%	0.2%	-5.3%	-135	1.5K	-26	173.51	0	6	7
2026-01-07	$18.27	$18.00	54.8%	8.3%	3.0%	86.6%	0.0%	0.2%	-6.1%	-135	1.4K	-26	172.57	0	6	7
2026-01-08	$18.29	$18.00	58.1%	8.2%	3.0%	92.4%	0.0%	-0.8%	-5.3%	-136	1.4K	-25	172.68	0	6	7
2026-01-09	$18.31	$18.00	60.8%	8.5%	3.0%	97.1%	0.0%	-0.8%	-6.5%	-135	1.3K	-24	172.57	0	6	7
2026-01-12	$18.31	$18.00	80.3%	8.7%	3.0%	100.0%	0.0%	11.9%	-6.3%	-194	1.6K	-22	167.70	0	6	7
2026-01-13	$18.30	$18.00	92.8%	7.8%	1.4%	100.0%	0.0%	-0.1%	-6.7%	-154	1.5K	-23	171.41	0	6	7
2026-01-14	$18.31	$18.00	31.0%	8.9%	1.4%	29.1%	0.0%	-29.0%	-7.6%	-167	1.6K	-22	169.21	0	6	7
2026-01-15	$18.34	$18.00	31.4%	9.0%	1.5%	29.6%	23.5%	0.1%	-6.1%	-144	1.3K	-23	171.04	2	6	7
2026-01-16	$18.36	$18.00	31.8%	9.1%	1.4%	30.0%	0.0%	0.0%	-5.5%	-84	778	-24	171.01	0	8	7
2026-01-20	$18.27	$18.00	33.9%	9.7%	2.4%	32.4%	0.0%	-0.1%	-7.5%	-104	1.1K	-23	170.03	0	8	7
2026-01-21	$18.29	$18.00	32.5%	9.3%	2.4%	30.9%	0.0%	-85.9%	-6.1%	-75	1.6K	-23	180.29	0	7	7
2026-01-22	$18.30	$18.00	33.7%	9.7%	2.4%	32.2%	0.0%	-21.9%	-7.6%	-85	1.7K	-22	172.80	0	7	7
2026-01-23	$18.30	$18.00	33.7%	9.6%	2.4%	32.2%	0.0%	2.7%	-6.7%	-119	2.0K	-20	169.33	0	7	7
2026-01-26	$18.30	$18.00	36.3%	10.4%	2.4%	35.2%	0.0%	2.8%	-9.3%	-119	2.0K	-19	167.04	0	7	7
2026-01-27	$18.31	$18.00	37.0%	10.6%	2.3%	36.0%	0.0%	14.7%	-9.8%	-127	2.0K	-19	167.04	0	7	7
2026-01-28	$18.30	$18.00	37.8%	10.8%	2.4%	37.0%	0.0%	2.9%	-10.4%	-121	2.0K	-19	167.04	0	7	7
2026-01-29	$18.31	$18.00	37.9%	10.9%	2.4%	37.1%	0.0%	3.0%	-9.5%	-120	1.9K	-18	167.04	0	7	7
2026-01-30	$18.30	$18.00	38.9%	11.1%	2.4%	38.1%	0.0%	3.1%	-11.1%	-123	2.0K	-18	166.71	0	7	7