FEZ Options History — February 2025

In February 2025, FEZ traded between $51.25 and $55.30. ATM implied volatility averaged 17.6%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 2.1% (HV 20d: 15.5%). Max pain ranged from $51.00 to $54.00. Net GEX was positive for 12 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 7.88.

Notable Days

  • 2025-02-27: Highest Volume — 51,334 contracts
  • 2025-02-14: Largest IV spike — 70.5% change
  • 2025-02-25: Highest IV Rank — 34.1%
  • 2025-02-28: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.83$51.25$55.30$51.25$53.84
Max Pain$52.84$51.00$54.00$51.00$54.00
ATM IV17.6%12.4%21.7%20.1%21.3%
Expected Move5.0%4.6%5.8%5.4%5.8%
HV 20d15.5%14.5%17.7%15.9%17.7%
HV 60d14.8%14.0%16.5%16.2%15.0%
IV Rank19.2%0.5%34.1%28.3%32.5%
IV Percentile42.0%0.4%73.4%63.5%70.2%
Term Structure0.4%-9.1%7.1%3.7%-9.1%
VWIV18.7%15.8%22.4%18.2%22.4%
Skew 25d4.6%-7.4%15.3%9.1%15.3%
Skew 10d6.1%-9.4%14.7%4.5%5.7%
Call IV 25d15.2%9.5%23.6%11.6%16.8%
Put IV 25d19.8%13.4%32.1%20.7%32.1%
Bid-Ask Spread %38.6124.6964.8160.7347.17
Gamma HHI0.230.130.330.260.17
Net GEX4.6M-32.0M18.9M9.0M-32.0M
Net DEX-65.6M-218.1M188.6M-26.4M188.6M
Net VEX-554.5K-1.1M-382.5K-382.5K-1.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.880.3037.4412.567.35
Total Volume12,180.21164451,3349,56013,472
Total OI124,074.73786,227210,24586,227210,245

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$51.25$51.0020.1%5.4%15.9%28.3%18.2%9.1%3.7%9.0M-26.4M-382.5K12.5660.73N/AN/A7058,85550,35335,874
2025-02-04$52.14$52.0016.7%5.1%16.6%15.8%18.1%3.3%2.6%12.8M-54.1M-435.6K0.7464.57N/AN/A65448651,00440,808
2025-02-05$52.53$52.0014.0%4.8%14.7%6.0%15.8%7.7%5.7%15.0M-73.7M-441.5K2.1564.81N/AN/A22748951,40441,231
2025-02-06$53.05$51.0021.7%4.8%14.9%33.9%16.0%0.6%3.0%17.1M-97.6M-437.3K1.0830.37N/AN/A1,1391,22851,56541,666
2025-02-07$52.41$51.0013.9%5.1%15.6%5.7%17.9%7.8%-5.5%14.5M-65.3M-434.2K21.0656.28N/AN/A52911,14352,67642,863
2025-02-10$52.88$52.0017.7%4.9%15.0%19.6%17.7%-0.7%-1.7%14.2M-72.0M-454.4K0.6830.47N/AN/A3,6912,49852,65153,257
2025-02-11$53.52$52.0016.8%4.6%14.9%16.2%18.8%6.2%-0.8%18.9M-118.5M-469.2K24.6130.13N/AN/A48111,83856,10855,719
2025-02-12$54.11$52.0014.4%4.7%14.9%7.6%16.1%2.3%4.4%17.6M-141.3M-530.2K3.2132.86N/AN/A5,79618,59356,41867,294
2025-02-13$54.69$52.0012.4%4.8%14.9%0.5%18.7%-2.9%7.1%16.6M-171.7M-528.8K1.6531.52N/AN/A1,6512,71756,91882,844
2025-02-14$55.03$53.0021.2%4.7%14.5%32.1%16.6%-7.4%-2.7%15.9M-200.3M-527.1K5.2324.69N/AN/A7744,05058,48984,817
2025-02-18$55.30$54.0016.6%4.8%14.5%15.5%18.8%3.4%-0.1%12.4M-218.1M-502.1K0.3024.90N/AN/A30,1348,97858,70988,457
2025-02-19$54.39$54.0018.4%5.3%15.1%22.0%20.8%4.8%1.6%1.6M-83.2M-554.6K1.4432.51N/AN/A8,06711,60144,03897,126
2025-02-20$54.89$54.0017.2%4.9%15.2%17.7%20.0%5.8%0.4%-2.1M-101.9M-627.0K0.8529.11N/AN/A34829646,370100,221
2025-02-21$54.41$54.0018.4%5.4%15.7%22.0%20.0%5.3%-1.1%-6.0M-88.2M-586.4K0.9930.91N/AN/A2,6282,59346,607100,039
2025-02-24$54.39$54.0018.4%5.0%15.7%22.1%18.9%9.9%-0.1%-6.8M11.4M-615.8K2.8636.87N/AN/A34799224,71285,225
2025-02-25$54.97$54.0021.7%5.1%16.0%34.1%21.5%0.8%0.2%-4.5M-12.2M-541.7K37.4437.49N/AN/A44416,62424,90985,920
2025-02-26$55.06$54.0017.9%5.2%15.7%20.3%18.1%3.3%0.7%-9.5M9.3M-658.8K2.3233.17N/AN/A1,8134,20925,711102,182
2025-02-27$53.97$54.0015.9%5.7%17.7%13.1%21.7%13.4%-0.7%-16.7M68.1M-723.8K23.2135.03N/AN/A2,12049,21427,298105,692
2025-02-28$53.84$54.0021.3%5.8%17.7%32.5%22.4%15.3%-9.1%-32.0M188.6M-1.1M7.3547.17N/AN/A1,61411,85828,381181,864