FDRR Options History — July 2025

In July 2025, FDRR traded between $54.39 and $56.06. ATM implied volatility averaged 19.8%, placing in the 17.2% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 10.8% (HV 20d: 9.1%). Max pain ranged from $46.00 to $55.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 1 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-07-16: Highest Volume — 20 contracts
2025-07-09: Largest IV drop — 31.7% change
2025-07-08: Highest IV Rank — 26.9%
2025-07-30: Largest Expected Move — 6.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$55.30	$54.39	$56.06	$54.39	$55.36
Max Pain	$54.18	$46.00	$55.00	$46.00	$55.00
ATM IV	19.8%	16.8%	24.8%	21.3%	22.0%
Expected Move	5.4%	4.5%	6.5%	6.1%	6.3%
HV 20d	9.1%	7.4%	11.0%	9.4%	7.4%
HV 60d	15.9%	10.7%	30.6%	30.6%	10.7%
IV Rank	17.2%	11.2%	26.9%	20.0%	21.4%
IV Percentile	39.6%	6.3%	73.8%	59.5%	62.3%
Term Structure	-2.4%	-7.2%	0.9%	-4.7%	-6.7%
Skew 25d	2.5%	0.1%	8.6%	2.9%	0.1%
Skew 10d	7.1%	4.1%	14.3%	8.3%	4.4%
Call IV 25d	19.3%	14.1%	24.5%	21.7%	24.5%
Put IV 25d	21.8%	18.6%	24.8%	24.6%	24.6%
Bid-Ask Spread %	144.41	140.78	154.98	154.98	140.78
Gamma HHI	0.46	0.32	0.50	0.49	0.35
Net GEX	5.0K	4.2K	7.0K	4.2K	6.3K
Net DEX	-126.9K	-251.6K	-47.7K	-147.8K	-101.8K
Net VEX	-198	-324	-173	-183	-191
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	3.227	0	20	0	0
Total OI	31.455	17	57	36	27

Daily Data (22 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
2025-07-01	$54.39	$46.00	21.3%	6.1%	9.4%	20.0%	0.0%	2.9%	-4.7%	4.2K	-147.8K	-183	154.98	N/A	N/A	0	36
2025-07-02	$54.88	$46.00	20.9%	6.0%	9.5%	19.3%	0.0%	8.6%	-4.7%	4.3K	-152.6K	-185	151.85	N/A	N/A	0	36
2025-07-03	$55.28	$55.00	20.5%	4.5%	9.6%	18.6%	0.0%	2.4%	0.9%	4.4K	-156.1K	-186	141.52	N/A	N/A	0	36
2025-07-07	$54.64	$55.00	23.6%	4.7%	10.8%	24.6%	0.0%	1.2%	-0.9%	4.4K	-151.0K	-182	140.87	N/A	N/A	0	36
2025-07-08	$54.90	$55.00	24.8%	4.8%	10.7%	26.9%	0.0%	2.0%	-0.3%	4.3K	-152.1K	-179	146.10	N/A	N/A	0	36
2025-07-09	$55.15	$55.00	16.9%	4.8%	10.7%	11.4%	0.0%	2.3%	-0.4%	4.4K	-154.8K	-181	144.66	N/A	N/A	0	36
2025-07-10	$55.44	$55.00	16.8%	4.8%	10.7%	11.2%	0.0%	5.4%	-0.8%	4.5K	-157.9K	-179	144.29	N/A	N/A	0	36
2025-07-11	$55.22	$55.00	17.2%	4.9%	10.9%	11.9%	0.0%	1.5%	-0.5%	4.5K	-155.9K	-179	145.23	N/A	N/A	0	36
2025-07-14	$55.12	$55.00	18.0%	5.2%	11.0%	13.5%	0.0%	1.6%	-1.6%	4.4K	-154.2K	-175	145.87	N/A	N/A	0	36
2025-07-15	$55.08	$55.00	17.9%	5.1%	9.9%	13.4%	0.0%	2.3%	-2.4%	4.5K	-154.5K	-175	144.11	N/A	N/A	0	36
2025-07-16	$55.03	$55.00	18.9%	5.4%	9.6%	15.3%	0.0%	1.7%	-3.2%	4.5K	-153.0K	-173	141.90	N/A	N/A	20	36
2025-07-17	$55.25	$55.00	19.8%	5.7%	8.9%	17.1%	0.0%	3.9%	-0.7%	6.7K	-251.6K	-304	142.54	N/A	N/A	1	56
2025-07-18	$55.21	$55.00	20.3%	5.8%	9.0%	18.1%	0.0%	1.3%	-1.0%	7.0K	-251.2K	-324	143.14	N/A	N/A	20	57
2025-07-21	$55.37	$55.00	22.3%	6.4%	8.2%	22.0%	0.0%	4.1%	-4.0%	7.0K	-146.5K	-313	143.42	N/A	N/A	20	37
2025-07-22	$55.52	$55.00	18.3%	5.3%	8.2%	14.2%	0.0%	2.1%	-1.7%	4.6K	-47.7K	-183	142.87	N/A	N/A	0	17
2025-07-23	$55.78	$55.00	18.1%	5.2%	7.5%	13.6%	0.0%	3.0%	-1.3%	4.5K	-49.4K	-182	143.04	N/A	N/A	0	17
2025-07-24	$55.89	$55.00	18.4%	5.3%	7.5%	14.4%	0.0%	2.0%	-2.3%	5.0K	-51.4K	-180	144.23	N/A	N/A	0	17
2025-07-25	$56.06	$55.00	18.4%	5.3%	7.4%	14.3%	0.0%	2.4%	-2.3%	5.0K	-52.9K	-179	143.44	N/A	N/A	0	17
2025-07-28	$55.97	$55.00	19.9%	5.7%	7.4%	17.2%	0.0%	2.3%	-3.8%	5.2K	-51.5K	-175	144.35	N/A	N/A	0	17
2025-07-29	$55.67	$55.00	19.4%	5.6%	7.7%	16.4%	0.0%	0.7%	-3.5%	5.2K	-48.7K	-173	144.38	N/A	N/A	0	17
2025-07-30	$55.34	$55.00	22.7%	6.5%	8.0%	22.7%	0.0%	0.6%	-7.2%	5.1K	-48.6K	-174	143.50	N/A	N/A	10	17
2025-07-31	$55.36	$55.00	22.0%	6.3%	7.4%	21.4%	0.0%	0.1%	-6.7%	6.3K	-101.8K	-191	140.78	N/A	N/A	0	27