FDS Options History — March 2025

In March 2025, FDS traded between $428.67 and $457.71. ATM implied volatility averaged 30.4%, placing in the 52.5% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 12.6% (HV 20d: 17.8%). Max pain ranged from $410.00 to $460.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.36.

Notable Days

  • 2025-03-19: Highest Volume — 997 contracts
  • 2025-03-10: Largest IV spike — 30.4% change
  • 2025-03-10: Highest IV Rank — 100.0%
  • 2025-03-13: Largest Expected Move — 14.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$440.39$428.67$457.71$457.71$454.26
Max Pain$448.00$410.00$460.00$460.00$450.00
ATM IV30.4%21.2%47.2%33.2%24.3%
Expected Move9.2%5.8%14.8%9.5%6.2%
HV 20d17.8%12.8%20.9%12.8%20.8%
HV 60d16.5%15.6%17.6%15.6%16.5%
IV Rank52.5%21.6%100.0%70.5%30.8%
IV Percentile78.3%43.7%100.0%93.3%60.3%
Term Structure-3.8%-7.2%1.3%-4.2%0.3%
VWIV30.8%20.3%52.2%29.9%21.6%
Skew 25d5.4%2.5%9.2%4.3%2.5%
Skew 10d10.4%-1.6%21.0%14.0%7.5%
Call IV 25d26.6%18.0%33.5%30.7%23.7%
Put IV 25d32.0%22.7%40.0%35.1%26.2%
Bid-Ask Spread %85.1676.6093.1693.1691.77
Gamma HHI0.410.260.820.290.46
Net GEX261.7K-1.4M725.9K725.9K504.8K
Net DEX-1.9M-10.1M4.8M-6.0M-10.1M
Net VEX-22.6K-32.8K-11.4K-32.8K-20.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.360.075.121.002.43
Total Volume111.6195997848
Total OI1,967.6675432,8522,383630

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-03-03$457.71$460.0033.2%9.5%12.8%70.5%29.9%4.3%-4.2%725.9K-6.0M-32.8K1.0093.16441,0071,376
2025-03-04$446.19$460.0032.9%9.4%15.3%69.2%21.2%6.7%-4.3%489.6K-2.0M-29.7K1.5091.34231,0091,377
2025-03-05$445.69$460.0034.8%10.0%15.3%76.5%36.1%7.1%-4.1%481.8K-2.1M-30.5K0.6091.37531,0081,379
2025-03-06$441.44$460.0036.2%10.4%15.5%81.4%37.4%4.1%-5.6%377.6K-197.4K-28.0K0.2889.552571,0111,384
2025-03-07$439.72$460.0036.2%10.4%15.2%81.5%33.8%7.2%-5.7%357.4K-102.8K-27.6K3.4086.305171,0101,385
2025-03-10$444.01$460.0047.2%13.5%15.9%100.0%44.4%4.6%-4.3%447.3K-2.1M-26.5K0.9090.721841661,0121,376
2025-03-11$431.62$450.0035.0%14.6%17.9%63.1%46.5%5.2%-7.2%178.7K2.2M-27.9K1.6085.9310161,0701,449
2025-03-12$429.20$450.0033.0%14.2%17.6%57.1%46.0%6.5%-5.7%50.5K3.6M-23.9K1.0384.7588911,0731,444
2025-03-13$428.67$450.0032.8%14.8%17.6%56.5%52.2%7.4%-6.0%48.8K3.6M-21.8K0.0787.906851,0571,420
2025-03-14$434.37$450.0033.6%13.9%17.9%58.8%45.4%7.2%-6.7%254.7K1.6M-22.9K0.4687.051361,1141,423
2025-03-17$440.72$460.0032.4%7.4%18.9%55.2%26.5%7.4%-6.1%413.4K207.6K-20.5K1.8377.9718331,1251,426
2025-03-18$438.36$460.0031.9%7.4%18.8%53.8%0.0%4.9%-7.0%283.0K907.5K-19.0K5.1282.5617871,1341,450
2025-03-19$440.46$460.0033.0%7.5%18.1%57.2%25.8%3.4%-6.7%301.2K773.1K-17.3K0.4286.037042931,1471,522
2025-03-20$432.56$0.0025.2%7.0%18.8%33.6%23.5%4.1%0.1%-1.2M4.8M-12.2K0.8384.74115961,0851,707
2025-03-21$431.86$410.0024.9%6.5%18.7%32.6%20.4%9.2%-1.6%-1.4M2.7M-11.4K1.6277.1626421,1321,720
2025-03-24$433.41$410.0024.3%5.8%18.8%30.8%22.2%7.3%-4.0%641.8K-5.3M-20.7K1.8881.111630384159
2025-03-25$439.38$430.0021.8%5.8%19.7%23.2%20.4%5.3%-1.4%621.3K-6.8M-20.7K0.4476.60167397165
2025-03-26$440.07$430.0022.7%6.0%19.2%26.1%20.3%3.2%-1.8%660.3K-7.3M-21.5K1.0080.3533408166
2025-03-27$449.59$440.0021.2%6.1%20.9%21.6%21.3%3.5%1.3%582.1K-9.3M-18.9K0.7676.831713410167
2025-03-28$448.82$450.0021.4%6.0%20.3%22.0%21.7%2.9%0.8%617.7K-9.1M-20.8K1.3885.111622425178
2025-03-31$454.26$450.0024.3%6.2%20.8%30.8%21.6%2.5%0.3%504.8K-10.1M-20.7K2.4391.771434436194