FEZ Options History — February 2026

In February 2026, FEZ traded between $66.18 and $69.35. ATM implied volatility averaged 18.9%, placing in the 27.4% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 3.8% (HV 20d: 15.1%). Max pain ranged from $64.00 to $67.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 2.48.

Notable Days

  • 2026-02-04: Highest Volume — 26,267 contracts
  • 2026-02-25: Largest IV spike — 23.7% change
  • 2026-02-25: Highest IV Rank — 37.6%
  • 2026-02-05: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$68.00$66.18$69.35$67.32$68.57
Max Pain$66.21$64.00$67.00$64.00$67.00
ATM IV18.9%16.1%22.1%19.6%19.0%
Expected Move4.9%4.5%5.5%4.5%5.2%
HV 20d15.1%13.5%16.7%13.7%14.6%
HV 60d13.1%12.5%13.7%13.1%12.7%
IV Rank27.4%18.7%37.6%29.7%27.8%
IV Percentile57.8%32.9%84.5%65.5%57.5%
Term Structure0.9%-10.1%12.5%2.1%1.5%
VWIV17.5%14.7%19.9%17.3%17.8%
Skew 25d3.1%-3.6%12.4%0.3%-1.1%
Skew 10d7.8%-0.2%12.9%-0.2%9.9%
Call IV 25d18.8%12.6%25.4%23.7%15.2%
Put IV 25d21.9%14.1%29.4%24.0%14.1%
Bid-Ask Spread %41.0327.5590.0135.2840.74
Gamma HHI0.390.070.600.080.50
Net GEX9.3M537.9K17.7M784.6K8.4M
Net DEX-77.8M-113.8M-34.6M-39.5M-75.2M
Net VEX-598.5K-910.5K-370.6K-370.6K-910.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.480.0525.351.3425.35
Total Volume4,030.89515026,26783116,940
Total OI66,647.73743,50081,88243,50058,831

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$67.32$64.0019.6%4.5%13.7%29.7%17.3%0.3%2.1%784.6K-39.5M-370.6K1.3435.28N/AN/A35547614,91028,590
2026-02-03$66.95$64.0016.1%4.9%13.5%18.7%18.6%2.0%12.5%537.9K-34.6M-372.5K1.1673.08N/AN/A1,2551,45215,14828,752
2026-02-04$66.92$64.0017.5%4.8%13.5%23.0%15.8%1.9%2.0%573.9K-38.1M-401.4K0.0938.07N/AN/A24,0972,17016,28730,152
2026-02-05$66.18$66.0020.4%5.5%14.0%32.5%18.7%1.3%-2.5%4.5M-37.6M-505.1K4.0037.14N/AN/A3012040,30732,215
2026-02-06$67.43$66.0020.9%5.0%15.4%34.1%17.8%-3.6%-10.1%10.0M-69.8M-514.0K0.8034.75N/AN/A41433340,32032,238
2026-02-09$68.56$66.0016.3%4.6%15.9%19.2%19.1%1.3%-0.8%17.7M-100.9M-511.1K0.3628.32N/AN/A65723840,11632,419
2026-02-10$68.32$66.0019.7%4.8%15.9%30.2%17.2%-0.2%-2.3%16.5M-95.4M-505.2K0.4727.55N/AN/A40719340,57732,453
2026-02-11$68.48$66.0020.2%4.8%15.8%31.5%16.7%-3.5%-3.7%17.7M-99.1M-506.7K0.1128.13N/AN/A3313540,94232,591
2026-02-12$67.73$66.0020.4%5.1%16.4%32.2%17.8%12.4%-1.0%11.4M-74.6M-501.3K0.5741.59N/AN/A3,9022,22541,38732,802
2026-02-13$67.37$67.0018.1%5.3%16.5%25.2%17.4%10.1%0.1%9.3M-79.8M-556.3K0.8635.94N/AN/A55247745,59534,813
2026-02-17$67.90$67.0016.8%4.8%16.7%21.0%14.7%5.3%1.9%10.9M-90.1M-532.9K0.0542.81N/AN/A2,51112945,82235,136
2026-02-18$68.18$67.0017.0%4.9%14.9%21.6%18.7%4.5%2.4%12.5M-102.7M-533.9K3.2934.38N/AN/A16554346,05035,194
2026-02-19$67.69$67.0017.8%4.8%14.8%24.0%15.9%5.9%9.2%8.5M-87.7M-528.5K0.5739.34N/AN/A30017046,14735,568
2026-02-20$68.69$67.0018.3%4.7%15.5%25.5%16.8%4.2%5.0%12.6M-113.8M-502.3K0.9290.01N/AN/A6,0905,59246,19135,691
2026-02-23$68.52$67.0019.7%5.1%15.5%30.2%17.7%4.0%-0.8%7.9M-76.4M-896.3K1.5134.02N/AN/A1,1131,68033,14822,240
2026-02-24$68.70$67.0017.8%4.9%15.2%24.1%19.9%8.2%3.0%8.1M-78.4M-910.5K3.4238.11N/AN/A11539333,99823,854
2026-02-25$69.35$67.0022.1%4.6%14.9%37.6%17.8%-1.0%0.1%9.1M-93.6M-910.5K0.3837.55N/AN/A2419234,05823,785
2026-02-26$69.19$67.0020.7%4.7%14.1%33.2%17.4%6.9%-1.1%9.5M-90.7M-902.1K1.9442.66N/AN/A27052434,17623,804
2026-02-27$68.57$67.0019.0%5.2%14.6%27.8%17.8%-1.1%1.5%8.4M-75.2M-910.5K25.3540.74N/AN/A64316,29734,55524,276