FDS Options History — December 2025

In December 2025, FDS traded between $273.75 and $296.77. ATM implied volatility averaged 43.1%, placing in the 56.0% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 12.6% (HV 20d: 30.5%). Max pain ranged from $280.00 to $290.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.95.

Notable Days

  • 2025-12-17: Highest Volume — 6,478 contracts
  • 2025-12-10: Largest IV drop — 32.8% change
  • 2025-12-03: Highest IV Rank — 100.0%
  • 2025-12-03: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$287.95$273.75$296.77$279.46$291.50
Max Pain$286.82$280.00$290.00$280.00$290.00
ATM IV43.1%25.1%72.9%53.6%25.6%
Expected Move11.2%7.2%16.8%15.4%7.3%
HV 20d30.5%20.5%39.3%28.3%38.3%
HV 60d35.1%28.9%39.1%38.8%33.7%
IV Rank56.0%20.1%100.0%97.9%20.9%
IV Percentile76.4%40.9%100.0%99.6%43.3%
Term Structure-2.5%-17.4%3.1%-9.6%2.3%
VWIV39.0%24.5%59.8%54.6%24.5%
Skew 25d4.0%0.4%7.6%6.7%2.5%
Skew 10d8.5%-0.9%20.3%15.5%6.4%
Call IV 25d37.3%23.5%53.2%50.3%24.5%
Put IV 25d41.4%26.5%60.8%56.9%27.0%
Bid-Ask Spread %76.6465.4885.5682.2285.56
Gamma HHI0.220.100.380.100.38
Net GEX3.2M590.4K6.0M1.4M5.3M
Net DEX-43.5M-91.5M5.2M-18.5M-39.7M
Net VEX-296.0K-357.0K-223.5K-298.8K-260.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.034.021.380.10
Total Volume1,024.955686,478193415
Total OI11,618.4558,77616,05810,07910,532

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$279.46$280.0053.6%15.4%28.3%97.9%54.6%6.7%-9.6%1.4M-18.5M-298.8K1.3882.22811126,9363,143
2025-12-02$278.94$280.0053.4%15.3%28.3%97.5%53.4%3.9%-12.1%1.2M-15.0M-286.6K2.2181.8728626,9593,148
2025-12-03$278.90$280.0058.5%16.8%28.2%100.0%59.8%7.6%-17.4%1.3M-15.9M-291.1K0.2882.99286816,9713,166
2025-12-04$278.25$290.0058.5%12.5%27.8%99.9%42.9%3.3%0.7%1.5M-19.9M-298.7K0.0365.531,885607,2073,183
2025-12-05$289.76$290.0063.7%12.8%27.6%100.0%44.9%4.1%-4.7%3.5M-62.7M-357.0K0.4274.063031268,8523,212
2025-12-08$286.04$280.0069.0%11.9%25.8%100.0%45.5%1.9%-0.5%3.4M-52.7M-333.1K0.9772.001901848,8493,258
2025-12-09$287.86$280.0072.9%12.6%25.6%100.0%44.9%3.4%-3.7%3.5M-58.4M-340.3K1.4674.3246678,9553,388
2025-12-10$289.80$290.0049.0%14.0%24.8%60.1%45.9%6.4%-6.7%3.3M-60.4M-332.5K0.3681.4490328,9573,423
2025-12-11$292.02$290.0047.8%13.7%24.7%58.0%45.2%5.3%-5.7%3.8M-69.1M-343.9K0.5366.74169909,0063,434
2025-12-12$291.96$290.0046.6%13.4%22.5%56.1%46.1%3.5%-4.7%3.5M-66.8M-336.6K0.0870.99993768,9763,451
2025-12-15$291.11$290.0048.1%13.8%20.8%58.6%47.2%0.4%-4.1%4.3M-69.3M-319.8K1.1665.481271479,8623,499
2025-12-16$293.25$290.0046.3%13.3%20.5%55.5%47.2%4.1%-4.2%4.7M-73.4M-314.0K1.9167.73991899,9283,554
2025-12-17$296.77$290.0039.4%11.3%20.7%44.1%40.3%3.2%2.7%6.0M-91.5M-318.4K0.2370.395,2641,2149,9393,625
2025-12-18$273.75$290.0031.7%9.1%36.2%31.2%31.8%4.1%2.0%1.4M5.2M-223.5K4.0273.641,0384,17111,1294,140
2025-12-19$286.72$280.0027.1%7.8%39.1%23.5%28.1%5.4%3.1%590.4K-36.5M-236.3K0.7175.921,28290711,2244,834
2025-12-22$291.04$280.0026.5%7.6%39.3%22.5%25.9%3.6%2.6%2.0M-28.7M-260.8K0.2580.349142325,8822,894
2025-12-23$290.33$290.0025.7%7.4%38.9%21.1%26.8%4.1%1.9%3.0M-33.6M-276.5K0.1481.17413586,6492,949
2025-12-24$290.16$290.0027.3%7.8%38.3%23.8%28.1%5.4%1.4%3.6M-33.6M-295.1K3.2584.4716526,9312,944
2025-12-26$291.84$290.0025.3%7.3%38.2%20.5%24.8%4.7%1.2%3.8M-33.9M-262.0K0.1682.88356576,9422,956
2025-12-29$293.61$290.0025.9%7.4%38.2%21.5%26.0%3.1%-1.3%4.8M-43.0M-268.0K0.5082.883681837,2342,958
2025-12-30$291.91$290.0025.1%7.2%38.3%20.1%25.4%2.3%1.2%5.2M-39.4M-258.7K0.7283.4350367,5063,021
2025-12-31$291.50$290.0025.6%7.3%38.3%20.9%24.5%2.5%2.3%5.3M-39.7M-260.3K0.1085.56377387,5113,021