FDRR Options History — April 2025

In April 2025, FDRR traded between $43.55 and $50.20. ATM implied volatility averaged 32.6%, placing in the 44.8% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded below realized volatility by 12.1% (HV 20d: 44.7%). Max pain ranged from $48.00 to $48.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.75.

Notable Days

2025-04-09: Highest Volume — 3 contracts
2025-04-30: Largest IV spike — 132.9% change
2025-04-07: Highest IV Rank — 100.0%
2025-04-30: Largest Expected Move — 17.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.27	$43.55	$50.20	$49.86	$48.39
Max Pain	$48.00	$48.00	$48.00	$48.00	$48.00
ATM IV	32.6%	20.8%	61.8%	23.5%	59.4%
Expected Move	8.1%	5.0%	17.0%	5.0%	17.0%
HV 20d	44.7%	18.7%	54.3%	18.9%	53.9%
HV 60d	27.9%	14.3%	33.0%	14.4%	33.0%
IV Rank	44.8%	19.0%	100.0%	31.6%	95.2%
IV Percentile	84.2%	57.1%	100.0%	73.4%	99.2%
Term Structure	-5.0%	-24.9%	11.1%	-9.6%	-24.9%
VWIV	25.0%	25.0%	25.0%	25.0%	25.0%
Skew 25d	5.0%	-11.7%	57.0%	-11.7%	57.0%
Skew 10d	10.0%	-18.2%	26.2%	1.7%	9.4%
Call IV 25d	26.9%	9.0%	60.1%	26.5%	16.1%
Put IV 25d	31.9%	14.7%	73.1%	14.7%	73.1%
Bid-Ask Spread %	137.40	126.09	156.53	143.11	156.53
Gamma HHI	0.64	0.48	0.80	0.48	0.68
Net GEX	3.8K	2.0K	6.4K	2.6K	2.7K
Net DEX	-30.4K	-68.1K	3.7K	-62.5K	-44.4K
Net VEX	-125	-155	-99	-128	-108
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.75	0.50	1.00	1.00	0.50
Total Volume	0.286	0	3	0	0
Total OI	27.048	25	31	25	25

Daily Data (21 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 Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-04-01	$49.86	$48.00	23.5%	5.0%	18.9%	31.6%	0.0%	-11.7%	-9.6%	2.6K	-62.5K	-128	0.00	143.11	N/A	N/A	0	0	20	5
2025-04-02	$50.20	$48.00	21.8%	5.0%	18.7%	27.4%	0.0%	10.8%	-0.7%	2.8K	-68.1K	-120	0.00	144.17	N/A	N/A	0	0	20	5
2025-04-03	$47.80	$48.00	35.7%	7.7%	25.0%	63.0%	0.0%	11.7%	-9.9%	2.7K	-33.0K	-153	0.00	152.93	N/A	N/A	0	0	20	5
2025-04-04	$45.61	$48.00	48.5%	6.1%	28.8%	95.8%	25.0%	-6.2%	6.9%	2.7K	-12.3K	-131	0.00	136.38	N/A	N/A	0	1	20	5
2025-04-07	$44.56	$48.00	60.4%	12.0%	29.0%	100.0%	0.0%	-10.7%	-23.3%	2.0K	3.7K	-99	1.00	126.09	N/A	N/A	1	1	20	6
2025-04-08	$43.55	$48.00	61.8%	9.7%	29.5%	100.0%	0.0%	11.6%	-2.7%	2.1K	-6.1K	-121	0.00	127.09	N/A	N/A	0	0	21	7
2025-04-09	$48.12	$48.00	33.2%	9.5%	48.2%	43.6%	0.0%	22.8%	-7.4%	2.7K	-38.2K	-148	0.50	148.76	N/A	N/A	2	1	21	7
2025-04-10	$45.78	$48.00	28.1%	8.0%	51.0%	33.4%	0.0%	3.3%	4.3%	3.2K	-13.4K	-144	0.00	131.18	N/A	N/A	0	0	23	8
2025-04-11	$47.01	$48.00	37.2%	10.7%	51.6%	51.5%	0.0%	3.1%	-12.1%	2.9K	-24.4K	-155	0.00	144.03	N/A	N/A	0	0	23	8
2025-04-14	$47.74	$48.00	25.3%	7.3%	51.6%	28.0%	0.0%	5.5%	-4.4%	4.0K	-39.4K	-149	0.00	134.15	N/A	N/A	0	0	23	8
2025-04-15	$47.53	$48.00	25.6%	7.4%	51.6%	28.6%	0.0%	3.4%	-7.2%	4.2K	-34.6K	-144	0.00	134.28	N/A	N/A	0	0	23	8
2025-04-16	$46.17	$48.00	20.8%	6.0%	52.0%	19.0%	0.0%	2.0%	11.1%	3.4K	-16.2K	-129	0.00	142.70	N/A	N/A	0	0	23	8
2025-04-17	$46.80	$48.00	24.2%	6.9%	52.4%	25.8%	0.0%	-2.4%	6.1%	4.7K	-14.4K	-118	0.00	132.76	N/A	N/A	0	0	23	8
2025-04-21	$45.63	$48.00	23.3%	6.7%	52.9%	24.0%	0.0%	1.3%	8.0%	3.7K	-11.7K	-103	0.00	128.61	N/A	N/A	0	0	21	4
2025-04-22	$46.74	$48.00	25.4%	7.3%	53.4%	28.1%	0.0%	-2.5%	-3.8%	4.4K	-17.5K	-109	0.00	132.74	N/A	N/A	0	0	21	4
2025-04-23	$47.30	$48.00	25.9%	7.4%	53.7%	29.2%	0.0%	-1.7%	-9.4%	4.7K	-26.1K	-117	0.00	127.59	N/A	N/A	0	0	21	4
2025-04-24	$48.09	$48.00	26.9%	7.7%	54.2%	31.2%	0.0%	-2.8%	-8.4%	5.4K	-37.2K	-119	0.00	131.08	N/A	N/A	0	0	21	4
2025-04-25	$48.41	$48.00	25.6%	7.3%	54.3%	28.4%	0.0%	-0.3%	-6.7%	5.7K	-43.8K	-116	0.00	136.88	N/A	N/A	0	0	21	4
2025-04-28	$48.47	$48.00	26.2%	7.5%	53.9%	29.7%	0.0%	1.3%	-4.7%	6.4K	-46.8K	-107	0.00	134.53	N/A	N/A	0	0	21	4
2025-04-29	$48.84	$48.00	25.5%	7.3%	53.9%	28.3%	0.0%	8.9%	-5.7%	5.9K	-52.5K	-102	0.00	139.85	N/A	N/A	0	0	21	4
2025-04-30	$48.39	$48.00	59.4%	17.0%	53.9%	95.2%	0.0%	57.0%	-24.9%	2.7K	-44.4K	-108	0.00	156.53	N/A	N/A	0	0	21	4