FEZ Options History — January 2026

In January 2026, FEZ traded between $65.25 and $68.24. ATM implied volatility averaged 18.3%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 6.6% (HV 20d: 11.7%). Max pain ranged from $61.00 to $64.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 5.47.

Notable Days

  • 2026-01-02: Highest Volume — 7,470 contracts
  • 2026-01-30: Largest IV spike — 38.1% change
  • 2026-01-14: Highest IV Rank — 37.4%
  • 2026-01-20: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$66.48$65.25$68.24$65.31$66.80
Max Pain$62.55$61.00$64.00$64.00$64.00
ATM IV18.3%14.9%22.0%20.1%20.8%
Expected Move4.4%3.8%5.2%3.8%5.1%
HV 20d11.7%9.5%14.0%10.6%14.0%
HV 60d12.6%12.0%13.3%12.6%13.3%
IV Rank25.8%14.9%37.4%31.5%33.6%
IV Percentile53.1%17.5%84.1%69.0%76.6%
Term Structure-2.1%-9.4%6.0%-3.7%-2.7%
VWIV16.8%12.4%25.1%12.4%24.1%
Skew 25d3.2%-10.2%13.6%6.2%4.9%
Skew 10d4.8%-5.9%13.6%13.1%2.7%
Call IV 25d17.0%11.9%24.2%11.9%23.1%
Put IV 25d20.1%13.8%28.1%18.1%28.1%
Bid-Ask Spread %37.3227.9873.7673.7627.98
Gamma HHI0.340.090.850.240.09
Net GEX10.4M-630.5K42.5M12.2M858.1K
Net DEX-65.0M-118.4M-17.3M-55.8M-35.8M
Net VEX-378.7K-444.5K-322.4K-444.5K-380.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.470.0157.420.0111.64
Total Volume1,6052007,4707,4701,972
Total OI72,809.936,966104,443100,28341,787

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$65.31$64.0020.1%3.8%10.6%31.5%12.4%6.2%-3.7%12.2M-55.8M-444.5K0.0173.76N/AN/A7,3719932,14268,141
2026-01-05$65.97$62.0017.5%4.1%11.0%23.1%14.2%5.5%-0.1%8.9M-77.4M-406.5K0.3537.90N/AN/A57720428,80968,209
2026-01-06$66.03$62.0018.0%4.1%11.0%24.6%14.8%3.2%-9.4%11.2M-80.2M-405.0K0.1339.61N/AN/A1,49719429,08768,163
2026-01-07$65.72$61.0017.0%4.1%11.2%21.4%19.6%3.1%-2.1%9.3M-69.7M-428.4K57.4236.20N/AN/A522,98629,87968,259
2026-01-08$65.61$61.0020.0%4.1%11.2%31.0%15.2%0.7%-1.1%8.1M-63.0M-431.8K5.6740.21N/AN/A3017029,86070,904
2026-01-09$66.40$62.0016.8%4.1%11.3%20.7%14.9%4.5%6.0%16.7M-98.2M-401.9K0.1735.79N/AN/A5349029,87171,035
2026-01-12$66.88$62.0018.9%4.2%11.1%27.5%15.5%13.6%-9.4%19.6M-118.4M-375.1K0.1735.92N/AN/A2975129,80771,039
2026-01-13$66.68$62.0016.3%4.1%10.6%19.2%17.4%-10.2%-0.7%24.0M-112.2M-369.5K0.4137.98N/AN/A59024429,80171,067
2026-01-14$66.55$62.0022.0%4.2%10.7%37.4%25.1%2.4%-7.5%27.0M-106.5M-380.8K21.9336.68N/AN/A1302,85129,99171,328
2026-01-15$66.43$62.0019.6%4.3%10.7%29.8%16.0%1.7%-6.2%42.5M-98.4M-362.5K3.2535.97N/AN/A15450030,02273,938
2026-01-16$66.52$63.0017.3%4.0%9.5%22.6%16.5%-1.6%-8.5%23.4M-100.6M-361.3K0.3839.24N/AN/A45417130,12874,315
2026-01-20$65.25$63.0018.9%5.2%11.8%27.6%18.3%6.2%3.5%-630.5K-17.3M-378.6K3.7432.83N/AN/A2961,10611,95925,007
2026-01-21$66.00$63.0015.8%4.5%12.4%17.7%16.1%4.8%1.4%-124.5K-26.4M-357.5K0.9432.65N/AN/A78673712,12325,053
2026-01-22$66.38$63.0014.9%4.3%12.1%14.9%14.4%4.0%-2.0%286.7K-31.9M-353.7K0.0938.83N/AN/A9297912,78625,615
2026-01-23$66.68$63.0016.5%4.3%12.1%19.8%15.7%4.0%1.9%649.1K-34.9M-353.8K0.1732.18N/AN/A5098813,05425,613
2026-01-26$67.32$63.0019.5%4.4%12.4%29.6%14.7%9.3%1.1%792.4K-40.0M-334.2K0.1135.87N/AN/A7618712,97125,502
2026-01-27$68.24$63.0020.2%4.6%13.1%31.7%15.7%1.0%-4.7%950.6K-48.0M-322.4K0.1032.26N/AN/A1,53714713,05125,550
2026-01-28$67.43$63.0021.7%4.8%13.8%36.5%16.2%-2.0%-1.2%955.3K-41.1M-355.6K0.2936.33N/AN/A1,03529713,97825,651
2026-01-29$67.40$63.0015.1%4.9%13.7%15.3%19.1%2.2%4.4%1.2M-43.3M-370.9K2.5128.14N/AN/A7091,77914,82225,881
2026-01-30$66.80$64.0020.8%5.1%14.0%33.6%24.1%4.9%-2.7%858.1K-35.8M-380.6K11.6427.98N/AN/A1561,81614,97726,810