FDS Options History — February 2026

In February 2026, FDS traded between $190.18 and $249.08. ATM implied volatility averaged 55.5%, placing in the 70.9% IV rank vs the trailing year. The 30-day expected move averaged 15.9%. IV traded below realized volatility by 6.1% (HV 20d: 61.6%). Max pain ranged from $250.00 to $280.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 1.72.

Notable Days

2026-02-03: Highest Volume — 1,977 contracts
2026-02-05: Largest IV spike — 34.3% change
2026-02-23: Highest IV Rank — 85.8%
2026-02-23: Largest Expected Move — 18.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$207.21	$190.18	$249.08	$249.08	$216.25
Max Pain	$268.95	$250.00	$280.00	$280.00	$250.00
ATM IV	55.5%	34.9%	64.4%	34.9%	52.8%
Expected Move	15.9%	10.0%	18.5%	10.0%	15.1%
HV 20d	61.6%	41.6%	72.0%	41.6%	68.9%
HV 60d	46.1%	36.9%	51.0%	36.9%	51.0%
IV Rank	70.9%	36.5%	85.8%	36.5%	66.4%
IV Percentile	94.7%	77.4%	99.2%	77.4%	91.3%
Term Structure	-3.2%	-10.4%	8.2%	4.4%	2.1%
VWIV	56.6%	34.9%	68.7%	34.9%	53.0%
Skew 25d	3.8%	-2.3%	9.3%	2.3%	7.9%
Skew 10d	3.7%	-22.8%	25.8%	3.4%	13.3%
Call IV 25d	55.2%	35.2%	65.5%	35.2%	50.7%
Put IV 25d	59.0%	37.4%	69.1%	37.4%	58.6%
Bid-Ask Spread %	71.94	63.71	82.04	82.04	77.99
Gamma HHI	0.13	0.07	0.22	0.14	0.09
Net GEX	-523.9K	-816.5K	-136.9K	-538.6K	-136.9K
Net DEX	37.6M	17.9M	52.4M	25.8M	17.9M
Net VEX	-126.4K	-166.0K	-89.3K	-139.2K	-166.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.72	0.72	4.56	1.04	0.85
Total Volume	936	166	1,977	513	1,504
Total OI	10,789.526	8,956	12,306	8,956	11,659

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2026-02-02	$249.08	$280.00	34.9%	10.0%	41.6%	36.5%	34.9%	2.3%	4.4%	-538.6K	25.8M	-139.2K	1.04	82.04	252	261	6,004	2,952
2026-02-03	$223.32	$280.00	36.4%	10.4%	55.0%	39.0%	43.8%	-2.3%	8.2%	-727.9K	42.7M	-89.3K	1.89	77.60	684	1,293	6,057	3,003
2026-02-04	$226.39	$250.00	41.4%	11.9%	54.3%	47.4%	38.7%	2.8%	4.7%	-570.9K	38.5M	-99.7K	2.44	78.94	286	697	6,383	3,242
2026-02-05	$211.22	$280.00	55.6%	16.6%	57.5%	71.1%	58.0%	3.0%	-10.4%	-503.2K	41.5M	-90.5K	0.97	78.84	590	571	6,403	3,103
2026-02-06	$207.44	$280.00	55.8%	15.3%	56.9%	71.4%	53.4%	-0.7%	-10.1%	-544.7K	42.1M	-105.4K	1.13	73.15	78	88	6,545	3,461
2026-02-09	$203.73	$280.00	54.8%	15.4%	56.7%	69.7%	55.2%	1.9%	-6.0%	-578.2K	45.0M	-96.6K	1.04	71.49	504	524	6,560	3,497
2026-02-10	$204.25	$280.00	54.9%	15.5%	56.2%	69.9%	58.1%	2.1%	-3.2%	-528.5K	44.3M	-95.8K	2.80	65.57	251	704	6,656	3,617
2026-02-11	$192.78	$280.00	57.5%	16.5%	57.9%	74.2%	56.9%	0.5%	-5.9%	-610.2K	49.2M	-93.6K	3.65	71.16	291	1,062	6,742	4,008
2026-02-12	$200.52	$280.00	63.4%	18.2%	60.8%	84.0%	54.3%	6.2%	-10.4%	-670.4K	44.5M	-141.2K	4.13	80.64	71	293	6,913	4,504
2026-02-13	$204.27	$280.00	58.7%	16.8%	62.2%	76.2%	61.9%	7.6%	-2.9%	-726.4K	43.5M	-139.3K	0.72	69.86	153	110	6,951	4,532
2026-02-17	$190.32	$280.00	62.3%	17.9%	64.8%	82.3%	63.5%	3.9%	-6.3%	-816.5K	52.4M	-113.9K	1.13	63.71	717	810	6,997	4,581
2026-02-18	$197.75	$270.00	59.5%	17.0%	67.6%	77.5%	60.8%	3.1%	-4.6%	-697.7K	43.8M	-133.5K	0.80	70.87	458	368	7,345	4,867
2026-02-19	$198.57	$270.00	62.5%	17.9%	66.4%	82.6%	65.3%	6.1%	0.9%	-784.3K	41.2M	-139.6K	4.56	66.09	140	639	7,456	4,850
2026-02-20	$195.43	$270.00	61.0%	17.5%	65.2%	80.1%	62.4%	1.5%	-4.6%	-699.0K	41.7M	-134.7K	1.10	66.27	721	794	7,536	4,769
2026-02-23	$190.18	$250.00	64.4%	18.5%	65.1%	85.8%	68.7%	3.6%	-5.5%	-229.3K	32.4M	-144.0K	1.28	63.87	289	370	6,151	4,314
2026-02-24	$202.56	$250.00	64.1%	18.4%	71.2%	85.2%	64.8%	9.3%	-5.6%	-192.9K	26.4M	-156.5K	1.04	71.04	395	409	6,302	4,400
2026-02-25	$207.48	$250.00	61.9%	17.7%	70.0%	81.6%	64.5%	7.4%	-5.2%	-222.4K	24.1M	-160.7K	1.05	66.20	134	141	6,604	4,625
2026-02-26	$215.40	$250.00	52.3%	15.0%	72.0%	65.5%	57.1%	5.4%	0.4%	-176.5K	18.3M	-161.7K	1.02	71.52	559	573	6,688	4,724
2026-02-27	$216.25	$250.00	52.8%	15.1%	68.9%	66.4%	53.0%	7.9%	2.1%	-136.9K	17.9M	-166.0K	0.85	77.99	812	692	6,991	4,668