FDS Options History — May 2025

In May 2025, FDS traded between $430.93 and $472.62. ATM implied volatility averaged 24.2%, placing in the 25.0% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 0.9% (HV 20d: 25.1%). Max pain ranged from $430.00 to $450.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.55.

Notable Days

  • 2025-05-16: Highest Volume — 1,276 contracts
  • 2025-05-29: Largest IV drop — 27.6% change
  • 2025-05-28: Highest IV Rank — 32.3%
  • 2025-05-05: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$455.75$430.93$472.62$433.38$456.47
Max Pain$448.10$430.00$450.00$430.00$450.00
ATM IV24.2%19.3%27.1%26.0%20.5%
Expected Move7.1%5.6%7.8%7.5%5.9%
HV 20d25.1%14.7%45.5%45.5%17.4%
HV 60d29.8%29.3%30.2%29.3%29.8%
IV Rank25.0%13.0%32.3%29.5%16.0%
IV Percentile49.6%18.7%67.1%59.9%26.2%
Term Structure0.6%-2.1%6.6%1.8%6.6%
VWIV25.3%19.8%30.0%24.9%25.3%
Skew 25d4.2%-4.2%8.6%4.3%6.3%
Skew 10d6.5%-3.1%16.4%4.4%7.8%
Call IV 25d21.5%17.5%24.9%24.9%18.2%
Put IV 25d25.7%17.6%29.2%29.2%24.5%
Bid-Ask Spread %94.9991.65100.9896.4697.05
Gamma HHI0.450.290.760.410.29
Net GEX1.8M752.6K2.8M1.6M1.3M
Net DEX-14.8M-30.7M-4.5M-7.8M-4.5M
Net VEX-35.9K-57.4K-15.6K-32.4K-39.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.051.290.700.94
Total Volume138.1951,27668157
Total OI1,529.3811,4301,7441,4991,536

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$433.38$430.0026.0%7.5%45.5%29.5%24.9%4.3%1.8%1.6M-7.8M-32.4K0.7096.464028880619
2025-05-02$436.31$430.0022.9%6.6%44.4%21.8%24.3%-2.1%2.3%1.8M-8.6M-29.4K1.0099.1055864603
2025-05-05$434.06$450.0026.9%7.8%41.7%31.7%27.1%4.7%-0.8%1.9M-8.0M-26.4K0.0993.12323866604
2025-05-06$430.93$450.0025.1%7.8%39.2%27.2%30.0%2.8%-0.8%1.8M-5.7M-24.5K0.8693.7476888608
2025-05-07$441.02$450.0026.8%7.8%38.4%31.6%27.5%5.4%-1.3%2.2M-11.0M-26.6K0.0894.68484893614
2025-05-08$449.92$450.0021.9%7.1%29.7%19.4%23.5%7.3%-0.5%2.6M-18.2M-25.3K0.0593.28824912617
2025-05-09$454.18$450.0024.7%7.4%27.2%26.3%23.9%1.8%0.7%2.4M-20.1M-24.4K0.0793.59302950619
2025-05-12$454.92$450.0019.3%6.9%25.1%13.0%26.5%5.0%0.5%2.5M-22.5M-19.0K0.3591.65207964621
2025-05-13$453.83$450.0024.3%6.7%24.3%25.4%23.9%3.3%0.1%2.8M-21.9M-17.9K0.2495.80215975624
2025-05-14$460.26$450.0024.8%7.1%24.7%26.6%25.0%5.7%-2.1%2.1M-26.1M-15.6K0.8492.52231194980627
2025-05-15$467.87$450.0024.8%7.1%22.5%26.6%25.6%5.5%-1.5%909.8K-28.5M-21.0K0.8292.322982451,005630
2025-05-16$472.62$450.0024.0%6.9%22.6%24.6%24.4%5.1%-1.9%752.6K-30.7M-30.8K0.1592.881,1131631,084660
2025-05-19$470.77$450.0024.1%6.9%16.5%24.8%23.6%5.1%-0.1%1.6M-15.6M-55.7K0.5793.11148866564
2025-05-20$469.66$450.0024.3%7.0%14.7%25.5%26.4%7.9%0.8%1.5M-14.3M-56.5K1.2992.6479876569
2025-05-21$464.20$450.0025.7%7.4%15.9%28.9%25.0%8.6%-0.5%1.5M-11.7M-54.7K0.4895.402914881578
2025-05-22$464.03$450.0025.6%7.3%15.9%28.5%26.5%6.4%0.4%1.3M-10.9M-57.4K0.6795.1432904588
2025-05-23$464.36$450.0025.7%7.4%15.3%28.9%24.8%3.0%1.2%1.3M-11.1M-56.8K0.6994.78139904588
2025-05-27$464.37$450.0023.7%6.8%15.1%23.8%19.8%-4.2%3.7%1.7M-11.6M-52.1K0.5997.701710913590
2025-05-28$461.71$450.0027.1%7.8%15.2%32.3%27.2%3.1%-1.3%1.5M-10.4M-49.1K0.4398.9573929594
2025-05-29$465.86$450.0019.6%5.6%15.2%13.8%0.0%2.5%4.6%2.3M-12.0M-40.1K0.75100.9843933597
2025-05-30$456.47$450.0020.5%5.9%17.4%16.0%25.3%6.3%6.6%1.3M-4.5M-39.3K0.9497.058176936600