FFAI Options History — April 2025

In April 2025, FFAI traded between $0.86 and $1.31. ATM implied volatility averaged 170.5%. The 30-day expected move averaged 48.7%. IV traded above realized volatility by 49.8% (HV 20d: 120.7%). Max pain ranged from $1.00 to $1.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.30.

Notable Days

  • 2025-04-28: Highest Volume — 29,204 contracts
  • 2025-04-09: Largest IV spike — 2870.2% change
  • 2025-04-04: Largest Expected Move — 65.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.05$0.86$1.31$1.13$1.23
Max Pain$1.05$1.00$1.50$1.00$1.50
ATM IV170.5%6.5%367.5%105.0%193.3%
Expected Move48.7%38.9%65.0%41.9%53.4%
HV 20d120.7%88.3%141.4%88.3%140.2%
Term Structure3.1%-212.9%183.2%49.8%-44.4%
VWIV174.4%143.6%210.5%153.7%197.4%
Skew 25d-24.4%-71.4%81.9%5.3%-21.0%
Skew 10d-85.2%-205.8%-6.5%-40.0%-6.5%
Call IV 25d180.5%139.5%227.3%147.7%210.7%
Put IV 25d156.1%113.4%221.3%152.9%189.7%
Bid-Ask Spread %71.8752.26105.4665.8860.52
Gamma HHI0.220.170.380.190.18
Net GEX7.7K-4.2K33.4K7.4K13.9K
Net DEX-584.4K-2.1M157.3K-475.7K-1.4M
Net VEX-9.6K-13.3K-7.1K-11.2K-12.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.300.060.770.110.41
Total Volume8,050.9052,26729,2044,87113,849
Total OI88,265.42972,405108,28988,240108,289

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$1.13$1.00105.0%41.9%0.0%0.0%153.7%5.3%49.8%7.4K-475.7K-11.2K0.1165.88N/AN/A4,40246961,48726,753
2025-04-02$1.17$1.0088.1%38.9%0.0%0.0%144.2%-23.3%12.0%5.7K-215.5K-10.4K0.4764.24N/AN/A2,2151,03364,76026,923
2025-04-03$1.10$1.00124.3%41.7%0.0%0.0%143.6%-3.5%-83.6%2.9K-113.1K-9.4K0.3658.74N/AN/A1,67359466,58927,220
2025-04-04$1.10$1.00190.6%65.0%0.0%0.0%166.6%-17.4%-39.7%8.6K-305.1K-10.2K0.54104.37N/AN/A4,1222,21066,95227,643
2025-04-07$1.08$1.00367.5%62.4%0.0%0.0%183.7%81.9%42.1%9.2K-741.6K-10.2K0.1676.56N/AN/A5,31586357,93224,770
2025-04-08$0.99$1.006.5%43.9%0.0%0.0%169.7%-38.1%-37.7%3.3K-237.6K-8.6K0.77100.47N/AN/A2,4981,92661,59925,342
2025-04-09$1.07$1.00193.7%56.5%0.0%0.0%168.5%13.1%50.8%4.4K-463.6K-10.1K0.3073.96N/AN/A4,4661,32362,20025,059
2025-04-10$1.01$1.00171.1%49.1%0.0%0.0%167.3%22.9%-9.4%3.5K-164.4K-9.2K0.24105.46N/AN/A2,39657065,64624,690
2025-04-11$1.02$1.00115.1%46.5%0.0%0.0%192.0%-57.9%-20.2%4.8K-684.4K-8.4K0.1971.51N/AN/A2,40545566,45224,911
2025-04-14$1.04$1.00159.3%45.7%0.0%0.0%164.7%-23.2%8.7%826-336.7K-8.9K0.2471.07N/AN/A3,60085460,85923,103
2025-04-15$1.00$1.00206.4%43.6%0.0%0.0%185.7%-21.2%183.2%-4.2K-250.7K-8.4K0.0852.26N/AN/A3,09324563,48622,662
2025-04-16$0.88$1.00138.2%39.6%0.0%0.0%145.2%-46.8%-34.3%1.6K157.3K-7.7K0.1662.07N/AN/A3,85360365,93522,772
2025-04-17$0.93$1.00159.1%45.4%0.0%0.0%171.2%-63.8%1.3%3.8K32.0K-8.1K0.2075.48N/AN/A5,2701,07468,24322,796
2025-04-21$0.87$1.00167.7%48.4%0.0%0.0%175.7%-71.4%127.5%3.0K-187.0K-7.6K0.2974.36N/AN/A3,8191,12452,84819,557
2025-04-22$0.86$1.00180.4%45.5%88.3%0.0%158.4%-64.6%-75.3%3.4K-246.3K-7.1K0.1758.90N/AN/A3,94368054,98219,810
2025-04-23$0.90$1.00137.7%50.3%89.0%0.0%174.3%-40.0%8.4%4.6K-182.2K-7.8K0.0670.91N/AN/A3,96923357,87519,914
2025-04-24$1.12$1.00251.1%45.7%124.3%0.0%209.3%-53.4%174.1%14.0K-1.3M-10.2K0.2567.67N/AN/A21,1265,21660,97219,960
2025-04-25$1.04$1.00256.2%47.3%123.7%0.0%184.7%-66.3%-212.9%12.3K-1.2M-10.0K0.4264.87N/AN/A10,3244,32770,51923,311
2025-04-28$1.27$1.00197.5%58.7%141.4%0.0%210.5%-7.8%-3.7%26.2K-1.9M-12.5K0.3456.17N/AN/A21,7807,42464,09123,177
2025-04-29$1.31$1.50171.7%53.0%137.9%0.0%196.3%-15.3%-32.4%33.4K-2.1M-13.3K0.5173.81N/AN/A9,0624,66674,20227,283
2025-04-30$1.23$1.50193.3%53.4%140.2%0.0%197.4%-21.0%-44.4%13.9K-1.4M-12.6K0.4160.52N/AN/A9,8354,01477,86530,424