FDRR Options History — January 2026

In January 2026, FDRR traded between $60.24 and $62.02. ATM implied volatility averaged 20.5%, placing in the 19.4% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 10.7% (HV 20d: 9.7%). Max pain ranged from $57.00 to $62.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2026-01-20: Highest Volume — 5 contracts
2026-01-14: Largest IV drop — 54.6% change
2026-01-13: Highest IV Rank — 51.1%
2026-01-02: Largest Expected Move — 5.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$61.51	$60.24	$62.02	$61.13	$61.97
Max Pain	$57.25	$57.00	$62.00	$62.00	$57.00
ATM IV	20.5%	13.5%	36.7%	20.1%	18.3%
Expected Move	4.8%	3.9%	5.8%	5.8%	5.2%
HV 20d	9.7%	6.4%	12.6%	7.6%	12.5%
HV 60d	10.9%	10.1%	11.6%	11.3%	11.2%
IV Rank	19.4%	5.9%	51.1%	18.8%	15.2%
IV Percentile	41.9%	4.8%	93.7%	56.3%	31.7%
Term Structure	-0.7%	-5.6%	6.2%	-5.6%	-1.5%
VWIV	19.7%	19.7%	19.7%	19.7%	19.7%
Skew 25d	1.5%	-2.3%	2.4%	1.4%	1.5%
Skew 10d	2.9%	1.4%	4.0%	4.0%	2.7%
Call IV 25d	18.1%	15.9%	22.9%	22.9%	20.3%
Put IV 25d	19.6%	17.6%	24.3%	24.3%	21.8%
Bid-Ask Spread %	143.13	138.03	159.34	159.34	141.50
Gamma HHI	0.89	0.81	1.00	0.88	0.88
Net GEX	2.5K	243	3.4K	2.9K	1.8K
Net DEX	-16.8K	-20.7K	-5.1K	-17.6K	-15.8K
Net VEX	-27	-44	-4	-27	-43
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	0.3	0	5	0	0
Total OI	5.75	1	6	6	6

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	Put Vol	Call OI
2026-01-02	$61.13	$62.00	20.1%	5.8%	7.6%	18.8%	0.0%	1.4%	-5.6%	2.9K	-17.6K	-27	159.34	N/A	N/A	0	0	6
2026-01-05	$61.41	$57.00	23.5%	4.5%	7.7%	25.3%	0.0%	1.7%	-1.4%	2.9K	-18.8K	-24	144.09	N/A	N/A	0	0	6
2026-01-06	$61.77	$57.00	18.0%	4.3%	7.9%	14.6%	0.0%	1.9%	0.2%	3.1K	-20.6K	-24	143.31	N/A	N/A	0	0	6
2026-01-07	$61.31	$57.00	25.3%	4.7%	8.4%	28.9%	0.0%	1.1%	-1.1%	2.9K	-18.3K	-23	142.98	N/A	N/A	0	0	6
2026-01-08	$61.44	$57.00	25.8%	4.6%	8.4%	29.8%	0.0%	2.0%	-1.4%	3.2K	-18.7K	-21	143.45	N/A	N/A	0	0	6
2026-01-09	$61.80	$57.00	24.4%	4.4%	8.0%	27.2%	0.0%	1.7%	0.1%	3.1K	-20.7K	-20	142.50	N/A	N/A	0	0	6
2026-01-12	$61.74	$57.00	31.8%	4.4%	8.0%	41.5%	0.0%	1.5%	-0.8%	3.3K	-20.2K	-16	143.85	N/A	N/A	0	0	6
2026-01-13	$61.59	$57.00	36.7%	4.5%	7.1%	51.1%	0.0%	1.2%	-1.5%	3.3K	-19.3K	-14	142.63	N/A	N/A	0	0	6
2026-01-14	$61.32	$57.00	16.7%	4.8%	7.3%	12.0%	19.7%	1.9%	-0.8%	3.3K	-17.6K	-12	141.32	N/A	N/A	0	1	6
2026-01-15	$61.65	$57.00	15.9%	4.6%	7.3%	10.6%	0.0%	1.5%	-0.3%	3.3K	-19.6K	-9	143.51	N/A	N/A	0	0	6
2026-01-16	$61.75	$57.00	15.8%	4.5%	6.4%	10.4%	0.0%	1.9%	-0.3%	3.4K	-20.2K	-4	143.44	N/A	N/A	0	0	6
2026-01-20	$60.24	$57.00	18.4%	5.3%	11.1%	15.3%	0.0%	0.8%	-0.3%	243	-5.1K	-4	139.95	N/A	N/A	5	0	1
2026-01-21	$61.12	$57.00	16.4%	4.7%	12.3%	11.6%	0.0%	2.4%	-0.1%	1.7K	-13.4K	-41	139.55	N/A	N/A	0	0	6
2026-01-22	$61.35	$57.00	17.3%	5.0%	12.2%	13.4%	0.0%	2.1%	-0.8%	1.7K	-14.0K	-43	143.22	N/A	N/A	0	0	6
2026-01-23	$61.16	$57.00	17.7%	5.1%	12.2%	14.1%	0.0%	1.8%	-0.6%	1.6K	-13.6K	-42	143.96	N/A	N/A	0	0	6
2026-01-26	$61.74	$57.00	13.5%	3.9%	12.4%	5.9%	0.0%	2.3%	6.2%	1.8K	-15.3K	-43	142.51	N/A	N/A	0	0	6
2026-01-27	$62.02	$57.00	17.5%	5.0%	12.5%	13.7%	0.0%	2.2%	-1.5%	1.8K	-16.0K	-44	142.02	N/A	N/A	0	0	6
2026-01-28	$61.77	$57.00	18.3%	5.3%	12.6%	15.3%	0.0%	-2.3%	-1.9%	1.8K	-15.2K	-42	141.48	N/A	N/A	0	0	6
2026-01-29	$62.00	$57.00	17.7%	5.1%	12.6%	14.0%	0.0%	1.8%	-1.5%	1.9K	-15.8K	-41	138.03	N/A	N/A	0	0	6
2026-01-30	$61.97	$57.00	18.3%	5.2%	12.5%	15.2%	0.0%	1.5%	-1.5%	1.8K	-15.8K	-43	141.50	N/A	N/A	0	0	6