FTAG Options History — November 2025

In November 2025, FTAG traded between $25.20 and $26.22. ATM implied volatility averaged 40.5%, placing in the 33.7% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded above realized volatility by 28.7% (HV 20d: 11.8%). Max pain ranged from $21.00 to $22.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.20.

Notable Days

2025-11-20: Highest Volume — 50 contracts
2025-11-12: Largest IV spike — 136.1% change
2025-11-28: Highest IV Rank — 55.7%
2025-11-28: Largest Expected Move — 16.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$25.76	$25.20	$26.22	$25.54	$26.09
Max Pain	$21.16	$21.00	$22.00	$22.00	$21.00
ATM IV	40.5%	14.9%	58.6%	19.4%	58.6%
Expected Move	12.0%	4.9%	16.8%	5.6%	16.8%
HV 20d	11.8%	9.2%	14.6%	12.6%	14.0%
HV 60d	16.3%	15.5%	17.5%	17.5%	15.5%
IV Rank	33.7%	2.5%	55.7%	8.0%	55.7%
IV Percentile	65.4%	0.8%	95.6%	27.0%	95.6%
Term Structure	-1.4%	-5.4%	11.8%	0.8%	0.8%
VWIV	27.4%	23.5%	31.8%	31.8%	23.5%
Skew 25d	55.1%	2.5%	100.8%	3.6%	98.3%
Skew 10d	61.5%	-2.0%	114.0%	-2.0%	79.7%
Call IV 25d	26.6%	14.0%	35.5%	20.4%	30.0%
Put IV 25d	81.7%	24.0%	128.3%	24.0%	128.3%
Bid-Ask Spread %	143.62	111.21	156.67	111.21	156.67
Gamma HHI	0.74	0.48	0.97	0.76	0.50
Net GEX	35.2K	-775	100.7K	30.1K	-652
Net DEX	-100.1K	-243.8K	6.5K	-111.5K	2.2K
Net VEX	-298	-561	-149	-401	-149
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.20	0.00	1.00	0.00	0.00
Total Volume	4.947	0	50	0	0
Total OI	422.211	64	521	518	65

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2025-11-03	$25.54	$22.00	19.4%	5.6%	12.6%	8.0%	0.0%	3.6%	0.8%	30.1K	-111.5K	-401	0.00	111.21	0	0	255	263
2025-11-04	$25.51	$22.00	17.2%	4.9%	12.6%	5.3%	0.0%	11.1%	11.8%	18.5K	-105.4K	-561	0.00	113.44	0	0	255	263
2025-11-05	$25.64	$22.00	19.0%	5.4%	12.6%	7.5%	0.0%	6.1%	2.5%	32.9K	-131.7K	-387	0.00	111.92	0	0	255	263
2025-11-06	$25.54	$21.00	14.9%	7.1%	10.4%	2.5%	0.0%	5.9%	-3.7%	34.6K	-92.2K	-330	0.00	130.48	0	0	255	263
2025-11-07	$25.57	$21.00	16.1%	6.8%	9.2%	3.9%	0.0%	4.6%	-2.6%	33.6K	-111.0K	-351	0.00	129.64	0	0	255	263
2025-11-10	$25.75	$21.00	20.0%	7.0%	9.4%	8.6%	31.8%	2.5%	-4.3%	44.5K	-142.7K	-338	0.00	128.52	1	0	255	263
2025-11-11	$26.06	$21.00	20.4%	6.7%	9.9%	9.1%	0.0%	3.0%	-3.7%	47.5K	-206.1K	-337	0.00	127.84	0	0	256	263
2025-11-12	$26.10	$21.00	48.1%	13.8%	9.3%	42.9%	0.0%	67.8%	-3.3%	42.7K	-198.4K	-401	0.00	156.60	0	0	256	263
2025-11-13	$26.22	$21.00	49.4%	14.2%	9.4%	44.5%	0.0%	69.4%	-3.7%	100.7K	-243.8K	-337	0.00	156.58	0	0	256	263
2025-11-14	$26.02	$21.00	49.5%	14.2%	9.9%	44.7%	0.0%	71.0%	-4.5%	62.5K	-176.6K	-362	0.00	156.65	0	0	256	263
2025-11-17	$25.57	$21.00	50.4%	14.4%	11.7%	45.7%	0.0%	75.3%	-5.3%	46.2K	-98.0K	-306	0.00	156.29	0	0	256	263
2025-11-18	$25.63	$21.00	52.5%	15.0%	11.8%	48.3%	26.9%	84.4%	-5.1%	53.3K	-100.7K	-284	1.00	156.28	1	1	256	263
2025-11-19	$25.45	$21.00	56.8%	16.3%	12.0%	53.6%	0.0%	79.4%	-5.4%	40.8K	-69.8K	-258	0.00	156.28	0	0	257	264
2025-11-20	$25.20	$21.00	56.8%	16.3%	12.0%	53.6%	0.0%	81.6%	-3.4%	23.1K	-23.1K	-208	0.00	156.38	50	0	257	264
2025-11-21	$25.78	$21.00	53.8%	15.4%	14.4%	49.8%	0.0%	100.8%	-3.3%	60.5K	-108.8K	-188	0.00	155.54	40	0	237	264
2025-11-24	$25.80	$21.00	56.5%	16.2%	14.3%	53.2%	0.0%	92.3%	1.8%	-775	6.5K	-161	0.00	156.52	0	0	12	52
2025-11-25	$26.08	$21.00	55.0%	15.8%	14.6%	51.3%	0.0%	92.9%	2.0%	-710	3.6K	-153	0.00	156.49	0	0	12	52
2025-11-26	$25.97	$21.00	55.8%	16.0%	14.0%	52.3%	23.5%	97.3%	2.5%	-459	6.3K	-157	0.00	155.41	1	0	12	52
2025-11-28	$26.09	$21.00	58.6%	16.8%	14.0%	55.7%	0.0%	98.3%	0.8%	-652	2.2K	-149	0.00	156.67	0	0	13	52