FTAG Options History — September 2025

In September 2025, FTAG traded between $25.73 and $26.99. ATM implied volatility averaged 21.6%, placing in the 11.4% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 0.3% (HV 20d: 21.3%). Max pain ranged from $31.00 to $32.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-09-23: Highest Volume — 212 contracts
  • 2025-09-03: Largest IV spike — 23.1% change
  • 2025-09-19: Highest IV Rank — 15.9%
  • 2025-09-19: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.41$25.73$26.99$26.27$25.83
Max Pain$31.90$31.00$32.00$31.00$32.00
ATM IV21.6%16.1%25.2%19.2%18.4%
Expected Move6.2%4.6%7.2%5.5%5.3%
HV 20d21.3%18.9%24.2%23.4%20.5%
HV 60d21.7%20.7%22.6%20.7%21.4%
IV Rank11.4%3.9%15.9%8.6%6.8%
IV Percentile42.0%3.2%70.6%25.4%17.9%
Term Structure-0.6%-4.2%3.0%2.3%-0.1%
Skew 25d1.7%-3.6%4.6%1.9%0.5%
Skew 10d2.4%-2.5%4.8%2.2%2.7%
Call IV 25d22.9%18.6%27.5%20.1%21.2%
Put IV 25d24.6%16.4%29.4%22.0%21.7%
Bid-Ask Spread %124.34114.00131.09114.82118.67
Gamma HHI0.450.370.700.390.44
Net GEX13.0K2.2K24.1K14.0K2.2K
Net DEX-134.9K-177.1K-71.9K-132.8K-91.2K
Net VEX-518-762-362-545-639
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume16.857021200
Total OI497.714384717384717

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-09-02$26.27$31.0019.2%5.5%23.4%8.6%0.0%1.9%2.3%14.0K-132.8K-5450.00114.82003840
2025-09-03$26.83$31.0023.6%6.8%24.2%14.0%0.0%1.1%3.0%12.6K-163.3K-6180.00117.02003840
2025-09-04$26.73$32.0023.0%6.3%23.7%13.3%0.0%4.1%2.1%20.5K-161.1K-5120.00130.21003840
2025-09-05$26.34$32.0022.3%6.6%22.4%12.3%0.0%0.7%-3.8%13.1K-137.1K-5400.00130.155003840
2025-09-08$26.69$32.0020.6%6.2%21.2%10.3%0.0%2.0%-0.9%14.5K-153.8K-5660.00130.48004340
2025-09-09$26.68$32.0022.3%6.3%21.2%12.4%0.0%2.1%1.3%16.8K-155.9K-5320.00130.63004340
2025-09-10$26.30$32.0023.8%6.8%20.6%14.1%0.0%-0.3%-4.2%12.4K-130.5K-5030.00130.53004340
2025-09-11$26.69$32.0023.0%6.6%18.9%13.2%0.0%2.0%-1.3%15.1K-154.7K-5440.00131.09004340
2025-09-12$26.99$32.0023.3%6.7%19.1%13.6%0.0%4.3%2.9%24.1K-177.1K-4390.00128.82104340
2025-09-15$26.49$32.0023.3%6.7%20.3%13.6%0.0%1.0%-3.2%14.9K-132.0K-4180.00127.58004350
2025-09-16$26.46$32.0024.5%7.0%20.2%15.1%0.0%1.6%-4.0%14.3K-134.7K-4550.00129.74004350
2025-09-17$26.68$32.0023.1%6.6%20.4%13.4%0.0%2.4%-0.3%17.5K-147.0K-4100.00127.80004350
2025-09-18$26.47$32.0024.1%6.9%19.7%14.5%0.0%2.6%-3.6%15.1K-134.0K-4260.00128.53004350
2025-09-19$26.90$32.0025.2%7.2%20.6%15.9%0.0%4.6%-3.5%11.8K-157.0K-4560.00130.185004350
2025-09-22$26.27$32.0019.7%5.6%22.2%9.2%0.0%1.9%0.5%12.9K-117.2K-3620.00120.412004840
2025-09-23$26.41$32.0019.9%5.7%22.4%9.5%0.0%-3.6%-1.6%15.8K-153.0K-4350.00114.0002125040
2025-09-24$26.19$32.0020.1%5.8%22.5%9.7%0.0%1.1%0.1%15.3K-138.0K-4330.00119.4700504212
2025-09-25$25.73$32.0016.1%4.6%21.8%3.9%0.0%1.8%0.2%5.5K-80.6K-7240.00114.7910504212
2025-09-26$25.77$32.0019.1%5.5%20.7%7.6%0.0%0.5%-0.5%2.8K-71.9K-7620.00117.85200505212
2025-09-29$25.96$32.0019.5%5.6%20.8%8.1%0.0%3.2%0.9%2.4K-109.0K-5510.00118.3100505212
2025-09-30$25.83$32.0018.4%5.3%20.5%6.8%0.0%0.5%-0.1%2.2K-91.2K-6390.00118.6700505212