FEZ Options History — November 2025

In November 2025, FEZ traded between $60.55 and $64.23. ATM implied volatility averaged 20.0%, placing in the 31.2% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded above realized volatility by 7.0% (HV 20d: 13.0%). Max pain ranged from $60.00 to $64.00. Net GEX was positive for 6 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 2.98.

Notable Days

  • 2025-11-12: Highest Volume — 3,526 contracts
  • 2025-11-12: Largest IV drop — 31.2% change
  • 2025-11-10: Highest IV Rank — 41.8%
  • 2025-11-19: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.34$60.55$64.23$62.59$63.06
Max Pain$62.74$60.00$64.00$60.00$62.00
ATM IV20.0%15.4%23.4%19.0%19.9%
Expected Move5.0%4.4%5.9%4.5%4.4%
HV 20d13.0%10.5%15.9%12.1%15.8%
HV 60d12.5%12.1%13.0%12.1%13.0%
IV Rank31.2%16.5%41.8%28.0%30.6%
IV Percentile63.2%17.5%86.1%56.3%63.1%
Term Structure-1.0%-7.8%7.9%1.5%7.9%
VWIV17.2%14.6%21.1%14.8%17.0%
Skew 25d4.5%-1.6%10.3%1.8%1.9%
Skew 10d6.6%-4.2%16.1%2.8%3.1%
Call IV 25d19.1%11.0%25.3%22.4%22.2%
Put IV 25d23.6%15.8%28.8%24.2%24.1%
Bid-Ask Spread %45.9825.94103.26103.2642.80
Gamma HHI0.120.090.170.110.15
Net GEX-733.0K-2.9M1.8M48.0K-1.1M
Net DEX-32.5M-75.0M7.4M-43.9M-34.7M
Net VEX-534.7K-574.6K-482.8K-536.3K-482.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.980.1217.360.975.41
Total Volume1,350.2112413,526392647
Total OI76,869.21164,92186,46275,57665,856

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$62.59$60.0019.0%4.5%12.1%28.0%14.8%1.8%1.5%48.0K-43.9M-536.3K0.97103.26N/AN/A19919324,51551,061
2025-11-04$61.91$60.0017.6%4.7%12.0%23.5%14.6%3.5%-0.3%-798.2K-29.6M-550.7K0.8245.07N/AN/A36830124,70351,269
2025-11-05$62.47$60.0019.0%4.4%12.2%28.0%14.7%2.3%2.0%-84.5K-42.0M-532.4K0.2349.28N/AN/A1964524,92751,399
2025-11-06$62.05$63.0022.8%4.9%12.0%40.0%17.3%1.8%-0.6%-542.7K-29.8M-566.2K2.5640.38N/AN/A26868525,05751,423
2025-11-07$62.13$63.0021.7%5.1%10.5%36.6%17.4%4.4%-7.8%-488.9K-33.0M-549.3K3.7439.57N/AN/A3361,25625,18351,755
2025-11-10$63.00$64.0023.4%4.6%11.3%41.8%15.1%4.1%-5.9%245.0K-51.3M-507.6K0.1232.69N/AN/A4235024,86852,245
2025-11-11$63.64$64.0022.4%4.5%11.7%38.8%16.2%8.6%-4.1%1.2M-65.4M-484.6K0.2532.30N/AN/A47311925,14252,277
2025-11-12$64.23$64.0015.4%4.6%12.0%16.5%17.3%8.3%0.0%1.8M-75.0M-488.0K17.3625.94N/AN/A1923,33425,34352,323
2025-11-13$63.74$64.0017.9%4.9%11.9%24.4%17.9%4.7%-0.5%1.2M-63.3M-515.6K15.2231.26N/AN/A4670025,45755,131
2025-11-14$63.22$64.0016.9%5.0%12.3%21.2%17.0%5.9%0.2%674.5K-52.1M-523.0K0.6236.89N/AN/A1,9191,18825,46355,647
2025-11-17$62.14$64.0019.0%5.5%13.4%27.7%17.3%5.7%-1.0%-783.8K-29.5M-564.0K0.7237.12N/AN/A1,7361,24726,50656,485
2025-11-18$61.45$64.0020.4%5.8%13.8%32.3%19.6%6.6%-0.9%-1.7M-13.6M-570.0K1.1145.49N/AN/A1,1821,31426,12057,562
2025-11-19$61.36$63.0020.7%5.9%13.6%33.4%20.9%3.7%-0.6%-1.6M-12.1M-568.8K3.1570.52N/AN/A4691,47926,61158,029
2025-11-20$60.55$63.0020.2%5.8%13.9%31.7%21.1%5.9%-0.7%-2.9M7.4M-574.6K1.9850.16N/AN/A5711,13126,90259,074
2025-11-21$61.06$63.0019.8%5.7%14.3%30.6%18.8%6.7%-4.6%-2.3M-6.2M-564.2K0.3047.11N/AN/A1,23337427,23459,228
2025-11-24$61.06$63.0022.3%5.5%13.8%38.4%18.6%10.3%-1.2%-2.9M296.5K-547.1K1.3167.31N/AN/A25032719,66345,258
2025-11-25$61.96$62.0021.9%5.0%15.0%37.2%16.8%-1.6%-3.6%-2.3M-14.4M-526.7K0.5036.26N/AN/A56028219,70345,545
2025-11-26$62.84$62.0020.1%4.8%15.9%31.5%15.4%0.3%1.1%-1.6M-29.0M-507.4K0.1640.27N/AN/A4837819,79645,755
2025-11-28$63.06$62.0019.9%4.4%15.8%30.6%17.0%1.9%7.9%-1.1M-34.7M-482.8K5.4142.80N/AN/A10154620,09845,758