FDRR Options History — May 2025

In May 2025, FDRR traded between $49.14 and $51.88. ATM implied volatility averaged 28.7%, placing in the 34.7% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 2.9% (HV 20d: 25.9%). Max pain ranged from $48.00 to $48.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 10.00.

Notable Days

2025-05-13: Highest Volume — 21 contracts
2025-05-14: Largest IV drop — 54.5% change
2025-05-02: Highest IV Rank — 96.1%
2025-05-02: Largest Expected Move — 17.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$50.70	$49.14	$51.88	$49.14	$51.52
Max Pain	$48.00	$48.00	$48.00	$48.00	$48.00
ATM IV	28.7%	18.0%	59.8%	58.7%	22.3%
Expected Move	6.9%	5.1%	17.1%	16.8%	6.4%
HV 20d	25.9%	14.4%	54.2%	54.2%	14.5%
HV 60d	33.5%	33.1%	33.9%	33.1%	33.7%
IV Rank	34.7%	13.5%	96.1%	93.9%	22.1%
IV Percentile	68.0%	23.4%	99.2%	98.8%	63.9%
Term Structure	-5.4%	-24.9%	-0.2%	-24.9%	-5.1%
Skew 25d	5.6%	0.3%	55.0%	19.4%	2.0%
Skew 10d	7.1%	0.9%	16.4%	4.8%	0.9%
Call IV 25d	20.0%	12.2%	24.2%	14.0%	24.2%
Put IV 25d	25.7%	21.0%	67.2%	33.5%	26.2%
Bid-Ask Spread %	153.53	143.78	159.18	155.84	150.38
Gamma HHI	0.81	0.23	1.00	0.69	1.00
Net GEX	375	-16.5K	5.9K	3.3K	2.0K
Net DEX	-71.8K	-96.0K	0	-52.0K	-92.3K
Net VEX	-61	-104	0	-104	-65
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	10.00	0.00	20.00	20.00	0.00
Total Volume	1.952	0	21	0	0
Total OI	24.619	0	44	25	20

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
2025-05-01	$49.14	$48.00	58.7%	16.8%	54.2%	93.9%	0.0%	19.4%	-24.9%	3.3K	-52.0K	-104	0.00	155.84	N/A	N/A	0	0	21	4
2025-05-02	$49.59	$48.00	59.8%	17.1%	51.2%	96.1%	0.0%	55.0%	-24.0%	3.5K	-57.6K	-99	0.00	155.33	N/A	N/A	0	0	21	4
2025-05-05	$49.46	$0.00	31.4%	6.0%	47.9%	39.9%	0.0%	4.4%	-4.4%	5.2K	-61.8K	-80	0.00	159.18	N/A	N/A	0	0	21	4
2025-05-06	$49.18	$0.00	29.2%	5.8%	47.0%	35.7%	0.0%	3.0%	-1.3%	5.9K	-58.0K	-79	0.00	156.80	N/A	N/A	0	0	21	4
2025-05-07	$49.20	$0.00	30.4%	5.7%	45.9%	38.0%	0.0%	2.4%	-0.2%	5.9K	-58.3K	-76	0.00	155.13	N/A	N/A	0	0	21	4
2025-05-08	$49.64	$0.00	30.0%	5.4%	29.8%	37.3%	0.0%	2.8%	-0.2%	5.5K	-67.0K	-64	0.00	153.19	N/A	N/A	0	0	21	4
2025-05-09	$49.46	$0.00	37.0%	6.1%	22.9%	51.1%	0.0%	2.2%	-4.9%	5.7K	-62.9K	-66	0.00	158.98	N/A	N/A	0	0	21	4
2025-05-12	$50.81	$0.00	38.7%	5.3%	23.0%	54.4%	0.0%	2.5%	-3.3%	2.2K	-87.2K	-33	0.00	156.53	N/A	N/A	0	0	21	4
2025-05-13	$51.46	$0.00	42.1%	5.1%	22.8%	61.1%	0.0%	3.0%	-2.7%	-955	-96.0K	-20	20.00	154.06	N/A	N/A	1	20	21	4
2025-05-14	$51.15	$0.00	19.1%	5.5%	22.9%	15.8%	0.0%	1.9%	-4.0%	-12.3K	-43.0K	-38	0.00	156.85	N/A	N/A	0	0	20	24
2025-05-15	$51.43	$0.00	19.1%	5.5%	19.4%	15.7%	0.0%	2.7%	-2.6%	-16.4K	-55.0K	-23	0.00	154.57	N/A	N/A	0	0	20	24
2025-05-16	$51.84	$0.00	18.0%	5.2%	19.2%	13.5%	0.0%	3.4%	-2.6%	-16.5K	-85.5K	-2	0.00	152.22	N/A	N/A	0	0	20	24
2025-05-19	$51.88	$0.00	19.0%	5.4%	15.6%	15.5%	0.0%	2.8%	-3.5%	0	0	0	0.00	152.48	N/A	N/A	20	0	0	0
2025-05-20	$51.77	$0.00	18.9%	5.4%	14.4%	15.2%	0.0%	1.8%	-3.2%	1.9K	-91.8K	-80	0.00	151.23	N/A	N/A	0	0	20	0
2025-05-21	$51.07	$0.00	20.0%	5.7%	15.6%	17.4%	0.0%	0.3%	-4.2%	2.2K	-88.7K	-88	0.00	143.78	N/A	N/A	0	0	20	0
2025-05-22	$51.11	$0.00	22.2%	6.4%	14.8%	21.9%	0.0%	1.9%	-4.1%	2.2K	-89.7K	-78	0.00	151.04	N/A	N/A	0	0	20	0
2025-05-23	$50.70	$0.00	21.1%	6.1%	15.3%	19.7%	0.0%	2.4%	-3.7%	2.4K	-86.8K	-86	0.00	151.58	N/A	N/A	0	0	20	0
2025-05-27	$51.42	$0.00	21.5%	6.2%	15.8%	20.4%	0.0%	2.1%	-4.3%	2.0K	-91.9K	-67	0.00	149.96	N/A	N/A	0	0	20	0
2025-05-28	$51.36	$0.00	22.2%	6.4%	15.8%	21.8%	0.0%	1.0%	-5.2%	2.1K	-90.7K	-74	0.00	152.91	N/A	N/A	0	0	20	0
2025-05-29	$51.47	$0.00	22.4%	6.4%	15.2%	22.2%	0.0%	1.5%	-4.8%	2.0K	-92.2K	-65	0.00	152.02	N/A	N/A	0	0	20	0
2025-05-30	$51.52	$0.00	22.3%	6.4%	14.5%	22.1%	0.0%	2.0%	-5.1%	2.0K	-92.3K	-65	0.00	150.38	N/A	N/A	0	0	20	0