FEZ Options History — July 2025

In July 2025, FEZ traded between $58.00 and $61.20. ATM implied volatility averaged 17.2%, placing in the 17.3% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 2.4% (HV 20d: 14.8%). Max pain ranged from $57.00 to $59.50. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 3.02.

Notable Days

  • 2025-07-31: Highest Volume — 14,123 contracts
  • 2025-07-30: Largest IV spike — 58.0% change
  • 2025-07-07: Highest IV Rank — 35.8%
  • 2025-07-16: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.72$58.00$61.20$59.55$58.00
Max Pain$58.32$57.00$59.50$59.50$59.00
ATM IV17.2%12.3%22.7%15.1%14.2%
Expected Move4.9%4.5%5.3%4.9%4.9%
HV 20d14.8%12.8%16.7%14.7%16.1%
HV 60d16.4%12.6%29.7%29.7%14.2%
IV Rank17.3%0.4%35.8%10.3%7.2%
IV Percentile28.9%0.4%73.0%7.1%4.8%
Term Structure-0.1%-9.4%10.3%2.3%-0.9%
VWIV17.6%14.9%20.6%16.6%15.4%
Skew 25d4.4%-5.3%9.6%7.0%7.5%
Skew 10d3.1%-12.5%12.3%7.7%-0.7%
Call IV 25d15.8%10.9%24.5%11.2%13.8%
Put IV 25d20.3%12.4%28.1%18.3%21.3%
Bid-Ask Spread %36.1319.9460.3246.6147.95
Gamma HHI0.150.090.220.110.13
Net GEX3.3M-4.6M21.6M3.6M-4.2M
Net DEX-26.9M-99.1M24.6M-24.2M24.6M
Net VEX-574.2K-668.8K-505.6K-666.4K-567.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.020.0323.310.360.67
Total Volume4,060.90933314,12333314,123
Total OI120,268.585,301144,062133,918110,683

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$59.55$59.5015.1%4.9%14.7%10.3%16.6%7.0%2.3%3.6M-24.2M-666.4K0.3646.61N/AN/A2458845,57588,343
2025-07-02$59.91$59.5019.3%4.6%14.8%24.4%15.3%5.4%-5.3%6.4M-42.2M-644.6K7.8445.71N/AN/A2942,30445,70988,191
2025-07-03$59.89$57.0018.7%4.9%14.5%22.2%17.9%6.8%-9.4%6.2M-34.7M-668.8K0.7224.55N/AN/A76655245,79190,010
2025-07-07$59.66$57.0022.7%5.0%14.6%35.8%19.1%3.8%-5.9%4.9M-26.6M-642.8K2.6531.39N/AN/A1,2533,32146,11089,885
2025-07-08$60.27$57.0017.8%4.9%15.0%19.1%18.0%2.7%1.0%11.5M-51.0M-612.4K0.9319.94N/AN/A2,6422,45746,42987,183
2025-07-09$61.20$57.0015.7%5.0%15.9%12.0%18.6%9.6%3.8%21.6M-99.1M-586.7K1.2225.99N/AN/A74791046,70987,369
2025-07-10$60.81$57.0015.6%4.5%16.1%11.7%15.2%4.7%1.9%20.2M-81.3M-564.9K0.0331.93N/AN/A4,21513547,03887,385
2025-07-11$60.09$57.0014.8%4.8%16.7%9.0%19.5%-1.9%7.5%11.8M-52.8M-574.0K4.8527.80N/AN/A4121,99751,10887,907
2025-07-14$59.94$58.0017.5%4.9%16.6%18.4%18.2%4.4%-7.2%8.0M-35.9M-575.6K2.4328.53N/AN/A35185351,11888,940
2025-07-15$59.36$58.0017.7%5.1%15.2%18.9%16.9%4.5%-4.5%1.1M-19.7M-543.1K2.4833.12N/AN/A4131,02351,13889,172
2025-07-16$59.41$58.0018.5%5.3%14.6%21.5%18.9%5.0%-8.0%-2.2M-10.2M-557.9K9.0631.86N/AN/A1201,08751,02689,329
2025-07-17$59.59$58.0016.6%4.7%13.3%15.1%19.4%4.5%1.9%-2.6M-20.5M-530.0K23.3134.67N/AN/A3818,88051,10189,890
2025-07-18$59.20$59.0018.5%5.2%13.5%21.6%18.6%4.4%1.2%-4.6M-538.9K-574.2K2.4737.70N/AN/A23056951,28792,775
2025-07-21$59.42$59.0021.5%5.0%13.5%31.7%20.1%6.7%-0.3%-2.8M-6.0M-538.5K3.1343.31N/AN/A6672,08620,48664,815
2025-07-22$59.45$59.0012.3%5.1%12.8%0.4%17.6%1.5%10.3%-3.0M-6.0M-546.5K0.7631.06N/AN/A46435121,12565,344
2025-07-23$60.75$59.0016.1%5.1%13.5%13.4%20.6%7.2%0.9%-710.1K-32.8M-505.6K0.3836.24N/AN/A7,2962,75021,29565,633
2025-07-24$60.11$59.0017.3%4.9%13.8%17.7%18.6%7.2%1.6%-534.9K-25.1M-538.5K0.8133.72N/AN/A42634623,91367,763
2025-07-25$60.28$59.0019.8%4.9%13.8%26.0%16.6%8.2%-8.3%-263.6K-27.1M-540.7K0.0833.05N/AN/A4,32835424,16967,944
2025-07-28$59.03$59.0015.8%5.0%15.4%12.5%16.3%-5.3%8.5%-3.1M-3.0M-533.8K0.1543.92N/AN/A3,70956727,98468,129
2025-07-29$59.29$59.0013.1%4.6%15.4%3.2%14.9%-4.7%6.1%390.9K-14.9M-557.4K0.0545.55N/AN/A12,45765032,43568,671
2025-07-30$58.73$59.0020.6%4.8%15.7%29.0%15.6%7.9%-0.4%36.2K-2.3M-562.5K1.9760.32N/AN/A8491,67240,61768,383
2025-07-31$58.00$59.0014.2%4.9%16.1%7.2%15.4%7.5%-0.9%-4.2M24.6M-567.6K0.6747.95N/AN/A8,4585,66540,77469,909