FDS Options History — July 2025

In July 2025, FDS traded between $405.13 and $451.68. ATM implied volatility averaged 20.4%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 3.3% (HV 20d: 17.0%). Max pain ranged from $420.00 to $440.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 7.95.

Notable Days

  • 2025-07-29: Highest Volume — 3,238 contracts
  • 2025-07-09: Largest IV spike — 43.7% change
  • 2025-07-28: Highest IV Rank — 26.5%
  • 2025-07-28: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$432.04$405.13$451.68$449.89$405.13
Max Pain$432.27$420.00$440.00$420.00$440.00
ATM IV20.4%13.0%24.0%20.5%23.7%
Expected Move6.0%4.8%6.9%5.9%6.8%
HV 20d17.0%13.8%25.2%25.2%13.8%
HV 60d22.0%19.0%30.7%30.7%19.6%
IV Rank17.3%0.0%26.5%16.0%25.7%
IV Percentile26.6%0.0%49.6%27.4%47.2%
Term Structure0.7%-2.5%6.5%1.0%-0.8%
VWIV20.2%14.9%24.1%19.9%23.7%
Skew 25d2.1%-5.0%5.8%0.5%-0.7%
Skew 10d3.6%-4.0%12.6%-2.3%-1.3%
Call IV 25d18.4%13.7%23.4%18.0%23.4%
Put IV 25d20.5%15.5%24.7%18.5%22.7%
Bid-Ask Spread %94.2985.17102.0398.6097.80
Gamma HHI0.240.130.670.200.25
Net GEX1.1M-281.3K3.8M939.8K3.8M
Net DEX-17.0M-30.7M12.3M-16.4M-23.7M
Net VEX-94.7K-278.8K-12.4K-26.6K-278.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.950.0068.320.6168.32
Total Volume62133,238921,525
Total OI2,933.09166910,3241,49310,324

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$449.89$420.0020.5%5.9%25.2%16.0%19.9%0.5%1.0%939.8K-16.4M-26.6K0.6198.605735789704
2025-07-02$447.30$420.0020.5%5.9%17.4%15.9%16.7%1.9%-1.0%885.9K-15.2M-25.9K0.1098.87101812724
2025-07-03$448.57$420.0019.3%5.4%17.4%12.9%20.4%3.7%1.0%879.0K-16.0M-24.1K46.0090.64146815724
2025-07-07$446.44$430.0017.3%5.6%17.5%7.9%19.7%4.3%3.9%772.6K-15.2M-20.4K1.3389.6668815729
2025-07-08$444.16$430.0013.0%6.1%17.6%0.0%19.2%3.6%0.0%758.7K-14.4M-19.7K0.8688.0776819731
2025-07-09$446.60$430.0018.7%5.4%16.8%13.8%0.0%2.4%1.8%517.1K-15.6M-16.2K0.0094.0930821731
2025-07-10$451.68$430.0019.1%5.5%16.8%14.5%18.5%3.4%1.1%677.8K-17.1M-16.4K0.1890.62112819731
2025-07-11$446.44$430.0019.4%5.6%17.3%15.3%0.0%2.6%0.7%705.4K-15.4M-16.7K0.5094.2821820731
2025-07-14$442.51$430.0019.3%5.5%17.8%15.0%19.3%2.0%1.4%549.5K-14.2M-14.5K0.3696.935018823731
2025-07-15$436.13$430.0020.1%5.8%18.5%17.2%19.1%4.3%2.4%411.4K-12.3M-14.2K0.9285.172523857742
2025-07-16$437.03$430.0022.4%6.4%18.5%22.7%22.6%5.1%-2.2%199.7K-12.7M-12.4K0.6194.02822505865738
2025-07-17$437.46$430.0021.6%6.2%18.3%20.8%22.5%0.2%-0.9%411.0K-13.2M-13.4K0.0496.467731,244960
2025-07-18$432.47$430.0021.8%6.3%18.9%21.3%21.4%1.4%1.6%130.1K-13.3M-12.8K0.0296.4835371,283961
2025-07-21$423.49$430.0021.3%6.1%19.9%20.0%14.9%5.8%0.7%749.5K-4.4M-20.6K21.7696.6221457543126
2025-07-22$418.03$440.0022.6%6.5%14.5%23.0%20.7%2.1%0.7%-281.3K12.3M-32.6K0.0195.611,72614552577
2025-07-23$415.99$440.0019.9%5.7%14.4%16.6%18.0%-1.5%1.0%1.1M-29.0M-231.8K31.5696.1192842,185592
2025-07-24$421.71$440.0016.8%4.8%15.5%9.0%19.6%5.6%6.5%679.4K-30.7M-245.0K0.4392.25206892,193856
2025-07-25$418.19$440.0021.6%6.2%15.6%20.8%21.0%-5.0%-0.8%669.3K-27.2M-246.5K0.0388.031,300372,275905
2025-07-28$414.52$440.0024.0%6.9%15.0%26.5%24.1%2.9%-2.5%2.0M-28.1M-254.2K0.0294.062,615413,552931
2025-07-29$412.67$440.0023.7%6.8%14.5%25.7%23.7%-0.1%-1.1%3.5M-29.2M-275.2K0.0098.053,225136,122963
2025-07-30$408.45$440.0021.5%6.2%13.8%20.5%19.4%2.4%0.9%3.3M-23.3M-265.0K1.33102.039129,344969
2025-07-31$405.13$440.0023.7%6.8%13.8%25.7%23.7%-0.7%-0.8%3.8M-23.7M-278.8K68.3297.80221,5039,348976