FDS Options History — January 2026

In January 2026, FDS traded between $251.43 and $296.73. ATM implied volatility averaged 30.9%, placing in the 29.9% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 4.0% (HV 20d: 34.9%). Max pain ranged from $280.00 to $310.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 1.47.

Notable Days

  • 2026-01-27: Highest Volume — 2,061 contracts
  • 2026-01-07: Largest IV spike — 24.7% change
  • 2026-01-13: Highest IV Rank — 40.6%
  • 2026-01-12: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$283.74$251.43$296.73$284.32$254.52
Max Pain$291.50$280.00$310.00$290.00$280.00
ATM IV30.9%27.1%37.3%29.2%33.7%
Expected Move8.7%8.0%9.7%8.4%9.7%
HV 20d34.9%24.7%41.8%39.5%41.8%
HV 60d34.2%33.1%36.6%34.1%36.6%
IV Rank29.9%23.5%40.6%26.9%34.5%
IV Percentile61.2%47.6%81.7%56.3%72.2%
Term Structure7.2%-4.6%12.4%-4.6%6.6%
VWIV31.2%26.6%36.0%27.8%32.6%
Skew 25d3.3%0.2%8.1%4.4%2.8%
Skew 10d6.8%-4.6%17.6%3.1%-4.6%
Call IV 25d29.2%24.0%32.3%24.0%32.1%
Put IV 25d32.5%28.4%36.5%28.4%34.9%
Bid-Ask Spread %80.1675.1487.4986.4281.61
Gamma HHI0.300.120.600.330.12
Net GEX4.2M-537.1K8.9M4.4M-303.8K
Net DEX-28.9M-68.7M24.1M-23.1M19.4M
Net VEX-232.2K-286.5K-146.0K-244.5K-149.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.470.086.332.701.03
Total Volume384.35662,061226290
Total OI10,343.558,46912,45010,8538,793

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$284.32$290.0029.2%8.4%39.5%26.9%27.8%4.4%-4.6%4.4M-23.1M-244.5K2.7086.42611657,8223,031
2026-01-05$286.00$310.0031.0%8.5%39.5%30.1%30.6%2.6%7.3%3.9M-22.4M-217.1K3.5375.14682407,8433,090
2026-01-06$292.45$300.0027.1%8.6%37.6%23.5%29.9%2.7%5.3%6.6M-43.0M-255.8K0.0876.82636547,8953,220
2026-01-07$293.44$290.0033.8%8.9%37.3%34.6%29.0%4.6%6.6%6.9M-56.7M-286.5K0.5083.5986438,5023,240
2026-01-08$295.09$290.0029.3%8.9%37.3%27.2%30.2%5.0%5.5%7.7M-67.9M-285.9K0.7775.9870548,5693,244
2026-01-09$293.60$290.0035.1%8.6%37.3%36.9%31.0%0.2%8.4%7.3M-58.9M-270.2K3.0878.71381178,6053,250
2026-01-12$296.73$290.0034.6%9.7%37.4%36.0%36.0%3.6%2.8%8.9M-68.7M-265.9K2.7176.3428768,6193,228
2026-01-13$291.99$300.0037.3%8.8%37.8%40.6%33.1%2.2%7.4%7.9M-47.1M-249.1K0.8280.4992758,6253,260
2026-01-14$295.15$290.0031.3%9.0%38.0%30.5%32.1%2.5%6.9%7.9M-57.3M-228.7K0.6775.5575508,5713,299
2026-01-15$290.77$290.0030.6%8.8%38.3%29.4%33.6%5.3%10.5%7.9M-40.8M-230.2K1.9976.503005988,5553,290
2026-01-16$289.18$290.0027.9%8.0%38.1%24.7%28.1%8.1%10.1%6.4M-24.4M-220.9K0.1980.88533998,7813,669
2026-01-20$277.41$290.0029.5%8.5%28.6%27.5%34.2%3.2%12.4%1.1M-16.0M-243.4K1.4778.7164946,0952,462
2026-01-21$284.06$290.0029.4%8.4%24.7%27.4%31.4%3.3%12.1%1.4M-19.9M-241.3K0.5076.3254276,1212,514
2026-01-22$288.56$290.0030.4%8.7%24.7%29.0%26.6%3.0%5.6%1.6M-28.5M-249.6K0.0987.49343326,1452,521
2026-01-23$286.34$290.0029.6%8.5%24.8%27.7%30.3%2.9%8.2%1.9M-26.6M-247.6K6.3383.069576,4392,515
2026-01-26$286.75$290.0029.7%8.5%24.9%27.8%30.0%2.8%7.3%2.0M-27.8M-240.4K0.2182.3875166,4362,554
2026-01-27$267.80$290.0028.9%8.3%34.4%26.6%33.1%1.2%8.9%585.0K2.4M-197.5K0.4983.251,3876746,4632,556
2026-01-28$269.26$290.0027.8%8.0%34.4%24.7%31.5%3.0%9.9%223.6K5.2M-173.8K0.8383.09117975,7332,736
2026-01-29$251.43$290.0032.1%9.2%41.3%31.9%33.5%2.2%6.5%-537.1K24.1M-146.0K1.4680.953234705,8002,780
2026-01-30$254.52$280.0033.7%9.7%41.8%34.5%32.6%2.8%6.6%-303.8K19.4M-149.3K1.0381.611431475,9752,818