FEZ Options History — March 2026

In March 2026, FEZ traded between $59.64 and $66.52. ATM implied volatility averaged 29.8%, placing in the 62.3% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 4.9% (HV 20d: 24.9%). Max pain ranged from $66.00 to $69.00. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 4.44.

Notable Days

  • 2026-03-31: Highest Volume — 41,971 contracts
  • 2026-03-05: Largest IV spike — 33.4% change
  • 2026-03-27: Highest IV Rank — 80.3%
  • 2026-03-27: Largest Expected Move — 11.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.53$59.64$66.52$66.52$62.00
Max Pain$66.50$66.00$69.00$68.00$66.00
ATM IV29.8%23.8%35.4%26.4%29.8%
Expected Move8.5%6.6%11.4%6.6%8.6%
HV 20d24.9%18.1%30.4%18.1%30.4%
HV 60d18.5%14.2%22.6%14.2%22.6%
IV Rank62.3%43.0%80.3%51.6%62.4%
IV Percentile96.2%90.5%98.8%96.0%94.4%
Term Structure-1.3%-10.3%4.5%-5.5%-0.1%
VWIV31.7%23.2%41.2%24.2%29.6%
Skew 25d7.2%-7.2%18.7%6.1%18.7%
Skew 10d12.9%2.6%22.7%14.5%14.1%
Call IV 25d25.4%18.9%31.4%22.7%18.9%
Put IV 25d32.5%18.5%42.0%28.9%37.6%
Bid-Ask Spread %31.5915.2352.0747.3415.23
Gamma HHI0.130.100.230.220.11
Net GEX-3.8M-8.9M132.5K132.5K-6.0M
Net DEX56.9M-2.9M165.8M-2.9M49.9M
Net VEX-1.1M-1.3M-947.2K-999.1K-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.440.0526.570.970.05
Total Volume8,210.54588141,9719,63641,971
Total OI95,256.09175,359117,71475,359117,369

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$66.52$68.0026.4%6.6%18.1%51.6%24.2%6.1%-5.5%132.5K-2.9M-999.1K0.9747.34N/AN/A4,8974,73934,90840,451
2026-03-03$64.31$68.0023.8%7.9%21.4%43.0%25.6%15.5%4.5%-3.1M38.7M-1.0M3.7542.40N/AN/A4,50216,87239,23042,547
2026-03-04$65.22$67.0024.5%7.1%22.1%45.4%26.7%-7.2%3.4%-4.0M26.3M-1.1M0.4445.16N/AN/A3,2041,40643,38150,795
2026-03-05$63.63$69.0032.7%7.0%23.6%71.5%27.0%2.2%-2.5%-1.1M26.1M-983.2K1.1437.15N/AN/A1,4241,61742,06836,905
2026-03-06$63.09$67.0028.1%7.6%23.5%56.7%29.8%13.8%1.7%-1.5M34.1M-980.0K0.9139.22N/AN/A2,3102,09442,84638,023
2026-03-09$63.80$66.0029.7%7.3%22.7%62.1%29.4%2.7%-4.8%-858.6K17.5M-994.5K2.0142.95N/AN/A7611,52745,03339,264
2026-03-10$63.91$66.0027.0%7.5%21.6%53.2%23.2%4.7%2.3%114.5K12.4M-1.0M0.1339.78N/AN/A4,75960246,58739,882
2026-03-11$63.81$68.0027.4%7.5%21.6%54.5%28.5%-0.5%-1.8%-1.2M21.4M-984.9K1.4741.68N/AN/A35652544,09340,027
2026-03-12$62.80$66.0030.0%7.5%22.0%63.0%36.4%8.0%-3.1%-1.6M42.1M-955.9K7.4628.93N/AN/A3432,55844,32540,402
2026-03-13$61.78$66.0030.0%9.4%22.3%62.9%31.4%1.6%3.2%-2.6M62.5M-947.2K11.3052.07N/AN/A3964,47544,44842,885
2026-03-16$62.80$66.0027.3%7.5%23.5%54.4%28.6%8.4%-0.4%-3.1M49.8M-947.5K2.2725.19N/AN/A9142,07744,51445,450
2026-03-17$63.14$66.0026.5%7.7%23.3%51.9%29.7%8.6%-0.7%-2.8M43.4M-949.1K18.5626.31N/AN/A4398,14644,69644,955
2026-03-18$61.91$66.0029.1%8.2%23.8%60.1%33.7%9.5%1.3%-4.1M71.7M-948.6K26.5724.23N/AN/A3007,97245,08949,332
2026-03-19$62.20$66.0029.8%8.4%24.0%62.5%31.6%9.2%-1.2%-6.8M74.1M-998.4K4.8840.83N/AN/A2,32311,33045,27057,602
2026-03-20$59.83$66.0034.0%10.1%25.9%75.8%41.2%11.6%0.5%-8.9M165.8M-1.1M2.2825.33N/AN/A4,48710,22246,58971,125
2026-03-23$61.88$66.0032.6%10.2%29.6%71.2%37.7%5.2%-1.3%-5.4M66.3M-1.2M2.4317.56N/AN/A1,9104,63832,80967,341
2026-03-24$61.23$66.0035.3%10.7%29.5%79.9%38.1%6.9%-3.4%-5.5M76.2M-1.3M5.8124.08N/AN/A6223,61434,03069,257
2026-03-25$61.84$66.0030.0%8.6%29.6%63.0%34.4%11.8%0.3%-5.6M65.8M-1.3M1.9215.40N/AN/A36770334,29871,300
2026-03-26$60.50$66.0033.5%10.8%30.1%74.0%39.0%5.1%-9.2%-6.2M89.1M-1.2M1.1028.96N/AN/A4,1134,50434,52071,775
2026-03-27$59.64$66.0035.4%11.4%30.2%80.3%37.2%5.4%-10.3%-6.8M112.1M-1.3M2.0819.52N/AN/A1,8823,91038,07175,331
2026-03-30$59.84$66.0032.8%9.8%29.1%72.0%35.6%10.3%-2.6%-7.4M109.6M-1.3M0.1815.66N/AN/A4,08174039,01277,799
2026-03-31$62.00$66.0029.8%8.6%30.4%62.4%29.6%18.7%-0.1%-6.0M49.9M-1.3M0.0515.23N/AN/A40,0881,88339,15878,211