FDRR Options History — January 2025

In January 2025, FDRR traded between $50.76 and $53.01. ATM implied volatility averaged 21.6%, placing in the 24.3% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 8.4% (HV 20d: 13.2%). Max pain ranged from $50.00 to $53.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2025-01-17: Highest Volume — 20 contracts
2025-01-15: Largest IV drop — 62.4% change
2025-01-14: Highest IV Rank — 78.7%
2025-01-02: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.96	$50.76	$53.01	$51.33	$52.08
Max Pain	$51.74	$50.00	$53.00	$50.00	$51.00
ATM IV	21.6%	16.1%	43.3%	22.2%	16.1%
Expected Move	4.9%	4.6%	6.4%	6.4%	4.6%
HV 20d	13.2%	11.2%	15.5%	11.2%	12.9%
HV 60d	11.2%	10.5%	11.8%	10.5%	11.6%
IV Rank	24.3%	10.4%	78.7%	25.9%	10.4%
IV Percentile	35.2%	1.2%	97.6%	64.3%	1.2%
Term Structure	-0.4%	-6.1%	13.3%	-6.1%	1.5%
VWIV	13.1%	9.2%	17.9%	12.3%	17.9%
Skew 25d	0.5%	-3.0%	2.4%	0.2%	-3.0%
Skew 10d	1.1%	-2.5%	6.2%	1.6%	-2.5%
Call IV 25d	19.9%	16.5%	26.3%	26.3%	22.2%
Put IV 25d	20.4%	16.5%	27.3%	26.5%	19.2%
Bid-Ask Spread %	146.31	139.37	157.92	153.36	139.37
Gamma HHI	0.64	0.46	0.86	0.68	0.47
Net GEX	5.5K	1.5K	12.8K	4.3K	12.8K
Net DEX	-47.8K	-72.5K	-35.2K	-39.4K	-66.1K
Net VEX	-50	-105	-8	-44	-99
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	1.6	0	20	0	0
Total OI	15.8	11	22	15	22

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 Wall	Put Wall	Call Vol	Call OI
2025-01-02	$51.33	$50.00	22.2%	6.4%	11.2%	25.9%	0.0%	0.2%	-6.1%	4.3K	-39.4K	-44	153.36	N/A	N/A	0	15
2025-01-03	$51.85	$50.00	16.6%	4.8%	11.9%	11.7%	0.0%	2.0%	4.5%	4.2K	-44.3K	-39	157.92	N/A	N/A	0	15
2025-01-06	$52.11	$0.00	24.2%	4.6%	12.0%	30.9%	12.3%	0.0%	0.3%	4.1K	-46.3K	-34	141.78	N/A	N/A	1	15
2025-01-07	$51.55	$53.00	25.8%	4.6%	12.4%	34.9%	0.0%	-0.3%	0.1%	4.5K	-43.0K	-44	147.60	N/A	N/A	0	16
2025-01-08	$51.56	$53.00	27.2%	4.6%	12.3%	38.5%	0.0%	1.7%	-1.1%	4.5K	-43.1K	-40	147.35	N/A	N/A	0	16
2025-01-10	$50.76	$53.00	30.1%	4.9%	13.2%	45.8%	0.0%	1.3%	-2.7%	4.7K	-35.2K	-36	145.64	N/A	N/A	0	16
2025-01-13	$50.81	$53.00	38.7%	4.8%	13.2%	67.2%	0.0%	2.4%	-1.4%	4.8K	-35.5K	-28	146.79	N/A	N/A	0	16
2025-01-14	$50.83	$53.00	43.3%	4.9%	13.2%	78.7%	0.0%	1.5%	-2.2%	4.9K	-35.7K	-25	146.25	N/A	N/A	0	16
2025-01-15	$51.86	$53.00	16.3%	4.7%	15.3%	10.9%	0.0%	1.1%	-2.9%	1.5K	-53.1K	-8	149.85	N/A	N/A	0	16
2025-01-16	$51.75	$53.00	16.5%	4.7%	15.3%	11.5%	0.0%	0.9%	13.3%	4.6K	-45.1K	-17	149.40	N/A	N/A	0	16
2025-01-17	$52.19	$53.00	16.6%	4.8%	15.5%	11.8%	9.2%	1.7%	-0.0%	4.3K	-49.9K	-8	145.84	N/A	N/A	20	16
2025-01-21	$52.52	$51.00	18.2%	5.2%	13.0%	15.8%	0.0%	1.8%	-4.7%	3.4K	-40.7K	-56	147.46	N/A	N/A	0	11
2025-01-22	$52.83	$51.00	16.3%	4.7%	13.1%	11.0%	0.0%	1.4%	-0.9%	3.3K	-43.0K	-52	148.05	N/A	N/A	0	11
2025-01-23	$53.01	$51.00	16.5%	4.7%	13.1%	11.6%	0.0%	1.6%	-1.1%	3.0K	-43.5K	-52	145.19	N/A	N/A	0	11
2025-01-24	$52.86	$51.00	17.3%	5.0%	13.1%	13.5%	0.0%	0.8%	-1.3%	2.9K	-41.2K	-54	145.44	N/A	N/A	0	11
2025-01-27	$52.21	$51.00	17.8%	5.1%	13.6%	14.8%	17.9%	-1.7%	-1.4%	5.6K	-37.9K	-49	142.02	N/A	N/A	11	11
2025-01-28	$52.51	$51.00	17.5%	5.0%	13.7%	14.0%	0.0%	-0.8%	-3.5%	10.3K	-72.5K	-105	141.18	N/A	N/A	0	22
2025-01-29	$52.34	$51.00	17.8%	5.1%	13.1%	14.8%	0.0%	-1.3%	-0.7%	11.3K	-70.3K	-103	142.22	N/A	N/A	0	22
2025-01-30	$52.27	$51.00	17.2%	4.9%	13.0%	13.2%	0.0%	-0.7%	2.7%	11.1K	-70.0K	-103	143.55	N/A	N/A	0	22
2025-01-31	$52.08	$51.00	16.1%	4.6%	12.9%	10.4%	0.0%	-3.0%	1.5%	12.8K	-66.1K	-99	139.37	N/A	N/A	0	22