FFAI Options History — May 2025

In May 2025, FFAI traded between $1.10 and $1.29. ATM implied volatility averaged 148.4%. The 30-day expected move averaged 51.5%. IV traded above realized volatility by 35.7% (HV 20d: 112.7%). Max pain ranged from $1.00 to $2.50. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.40.

Notable Days

  • 2025-05-28: Highest Volume — 22,649 contracts
  • 2025-05-28: Largest IV spike — 49.0% change
  • 2025-05-16: Largest Expected Move — 73.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.17$1.10$1.29$1.19$1.15
Max Pain$1.83$1.00$2.50$1.50$1.00
ATM IV148.4%91.3%218.3%147.3%124.9%
Expected Move51.5%32.1%73.1%51.9%45.4%
HV 20d112.7%52.0%140.3%140.3%59.0%
Term Structure24.3%-157.0%150.2%45.9%-30.3%
VWIV198.9%159.4%234.5%198.5%234.5%
Skew 25d-10.5%-61.9%80.2%-36.4%-61.9%
Skew 10d-44.0%-107.8%64.0%-95.9%-91.5%
Call IV 25d185.4%98.2%233.0%219.0%208.5%
Put IV 25d174.9%146.6%213.9%182.7%146.6%
Bid-Ask Spread %84.5525.33129.5180.2663.00
Gamma HHI0.220.150.360.180.23
Net GEX7.9K-3.2K22.3K9.7K15.9K
Net DEX-1.0M-2.1M-569.8K-1.1M-1.6M
Net VEX-11.4K-14.6K-9.3K-11.3K-12.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.021.340.210.13
Total Volume8,280.3333,95322,6494,1809,294
Total OI99,11970,642113,823112,680111,380

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$1.19$1.50147.3%51.9%140.3%0.0%198.5%-36.4%45.9%9.7K-1.1M-11.3K0.2180.26N/AN/A3,45772380,23132,449
2025-05-02$1.17$1.50148.8%42.1%138.5%0.0%185.1%-45.6%74.7%8.4K-945.6K-12.2K0.3057.17N/AN/A4,8931,44881,12032,703
2025-05-05$1.13$2.50175.5%49.2%139.2%0.0%179.9%-24.8%-53.8%2.8K-632.5K-10.3K1.0665.56N/AN/A5,2665,58067,14127,771
2025-05-06$1.12$2.50126.8%53.1%139.0%0.0%203.3%-42.1%31.8%2.1K-650.7K-10.5K0.7692.82N/AN/A2,2781,73368,65331,920
2025-05-07$1.13$2.50173.8%57.8%135.0%0.0%195.3%-19.2%-11.5%-2.3K-570.4K-10.8K0.20104.51N/AN/A3,29066370,18131,794
2025-05-08$1.21$2.50218.3%59.2%134.4%0.0%206.6%-18.3%-4.6%7.2K-1.2M-11.7K0.1897.31N/AN/A5,5921,00872,37332,380
2025-05-09$1.19$2.50151.8%61.6%132.6%0.0%192.2%45.3%-3.0%8.3K-949.7K-11.2K0.28125.40N/AN/A6,2381,72075,19332,846
2025-05-12$1.23$2.50150.4%64.1%132.9%0.0%204.8%-19.1%93.0%9.0K-866.2K-10.9K0.5225.33N/AN/A7,0963,66770,16528,228
2025-05-13$1.19$2.50125.2%32.1%133.7%0.0%222.9%17.9%144.1%8.5K-792.2K-10.5K0.2870.86N/AN/A4,0041,12873,10331,305
2025-05-14$1.15$2.5091.3%52.7%133.5%0.0%192.1%41.2%99.4%6.3K-569.8K-10.5K0.2265.05N/AN/A4,07389475,37731,945
2025-05-15$1.13$2.50129.6%64.4%124.1%0.0%221.8%80.2%119.1%5.3K-628.3K-9.8K1.3480.81N/AN/A2,9393,93977,17232,476
2025-05-16$1.15$2.50174.0%73.1%123.1%0.0%221.8%28.2%150.2%6.7K-901.3K-9.3K0.6431.77N/AN/A3,8622,46878,49131,412
2025-05-19$1.13$2.50125.1%34.9%120.2%0.0%159.4%37.1%77.3%3.7K-978.3K-11.0K0.94120.70N/AN/A5,1964,90449,51421,128
2025-05-20$1.13$1.00173.0%51.8%120.0%0.0%186.5%-43.6%-15.4%4.5K-1.1M-11.6K0.1663.60N/AN/A6,2861,00053,36425,512
2025-05-21$1.10$1.00175.8%50.4%120.2%0.0%185.5%-29.3%-19.9%-3.2K-807.3K-12.0K0.2597.14N/AN/A3,90098357,84727,078
2025-05-22$1.13$1.00183.9%51.7%92.0%0.0%174.5%-16.8%4.3%7.6K-1.0M-12.0K0.14124.29N/AN/A6,39589658,33427,514
2025-05-23$1.17$1.00129.5%41.6%88.3%0.0%198.0%-27.0%-45.5%10.4K-1.2M-11.9K0.16129.51N/AN/A9,0661,49563,80627,985
2025-05-27$1.23$1.00109.7%50.4%54.0%0.0%212.6%-40.6%-157.0%12.5K-1.5M-12.6K0.5185.88N/AN/A8,4064,26463,00825,006
2025-05-28$1.29$1.00163.5%54.8%55.7%0.0%218.7%-22.9%-0.8%22.3K-2.1M-14.6K0.02112.11N/AN/A22,17947068,60027,912
2025-05-29$1.25$1.00118.8%38.9%52.0%0.0%183.1%-23.4%12.0%19.9K-2.0M-13.0K0.2182.43N/AN/A9,2821,91279,05328,029
2025-05-30$1.15$1.00124.9%45.4%59.0%0.0%234.5%-61.9%-30.3%15.9K-1.6M-12.4K0.1363.00N/AN/A8,2431,05181,81329,567