FFAI Options History — July 2025

In July 2025, FFAI traded between $1.63 and $3.02. ATM implied volatility averaged 168.1%. The 30-day expected move averaged 49.5%. IV traded above realized volatility by 20.3% (HV 20d: 147.8%). Max pain ranged from $1.50 to $2.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.27.

Notable Days

  • 2025-07-22: Highest Volume — 98,271 contracts
  • 2025-07-22: Largest IV spike — 53.3% change
  • 2025-07-22: Largest Expected Move — 68.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.19$1.63$3.02$1.75$2.09
Max Pain$1.89$1.50$2.50$1.50$2.50
ATM IV168.1%112.4%247.7%120.3%168.1%
Expected Move49.5%40.6%68.8%41.5%48.8%
HV 20d147.8%114.3%190.7%123.2%190.7%
HV 60d121.3%111.4%134.5%111.4%134.5%
Term Structure-2.7%-116.5%66.8%32.5%-26.3%
VWIV181.0%149.8%247.9%164.3%191.1%
Skew 25d-15.3%-55.8%50.4%5.3%-33.4%
Skew 10d-4.2%-62.2%68.8%-11.4%37.2%
Call IV 25d179.9%104.0%267.5%106.9%194.7%
Put IV 25d164.6%106.4%243.6%112.2%161.2%
Bid-Ask Spread %30.3411.0748.3124.0630.14
Gamma HHI0.240.130.380.250.30
Net GEX61.3K10.9K122.5K53.0K10.9K
Net DEX-7.7M-15.8M-2.3M-4.4M-2.3M
Net VEX-26.7K-39.4K-19.9K-21.6K-30.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.030.680.210.68
Total Volume26,417.5916,48098,2719,52417,877
Total OI138,023.227101,303177,784105,521174,995

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$1.75$1.50120.3%41.5%123.2%0.0%164.3%5.3%32.5%53.0K-4.4M-21.6K0.2124.06N/AN/A7,8621,66269,21336,308
2025-07-02$1.63$1.50130.1%41.2%127.3%0.0%162.4%50.4%-116.5%25.8K-3.7M-19.9K0.0833.33N/AN/A6,02545572,03437,617
2025-07-03$1.87$1.50175.3%41.2%133.6%0.0%149.8%-5.0%-24.7%43.9K-5.1M-21.2K0.1643.25N/AN/A11,2571,83974,69937,459
2025-07-07$1.92$1.50163.2%46.0%130.0%0.0%166.5%-10.6%-4.4%55.7K-5.3M-22.7K0.3231.30N/AN/A10,5093,39968,87832,425
2025-07-08$1.94$1.50178.0%46.7%130.0%0.0%164.0%-13.6%66.8%71.6K-5.5M-21.1K0.1333.75N/AN/A20,3792,66174,30835,262
2025-07-09$1.77$1.50176.3%48.6%125.9%0.0%166.3%36.5%-6.7%32.7K-3.7M-21.0K0.0318.46N/AN/A27,06883084,13337,338
2025-07-10$1.75$1.50114.7%43.9%126.1%0.0%168.8%-14.9%18.7%77.9K-6.3M-21.9K0.1348.31N/AN/A6,715846105,17737,666
2025-07-11$1.75$1.50112.4%40.6%117.3%0.0%151.9%-55.8%33.5%81.5K-6.6M-22.7K0.0538.22N/AN/A12,956686108,29738,396
2025-07-14$2.04$1.50165.0%46.8%123.3%0.0%162.7%-4.9%-7.1%99.0K-10.2M-22.7K0.1226.46N/AN/A11,5191,34298,83535,093
2025-07-15$2.01$1.50156.6%44.9%122.9%0.0%160.8%-11.8%-27.4%104.8K-10.0M-22.9K0.2423.95N/AN/A18,7644,476103,56936,055
2025-07-16$2.21$1.50159.7%45.8%121.7%0.0%171.0%-17.7%-20.9%118.1K-12.0M-24.6K0.3820.35N/AN/A15,3895,910104,82839,462
2025-07-17$2.37$1.50157.6%46.0%114.3%0.0%159.6%-22.4%-16.1%55.5K-12.5M-23.5K0.3317.67N/AN/A19,7496,599104,17337,426
2025-07-18$1.96$2.00160.7%46.7%137.0%0.0%168.8%-25.1%-14.7%39.6K-5.4M-23.4K0.4611.07N/AN/A24,14511,092101,67842,509
2025-07-21$2.04$2.00161.5%49.0%134.8%0.0%173.0%-26.5%11.3%49.2K-5.3M-23.5K0.1826.09N/AN/A13,6812,50774,38641,257
2025-07-22$2.92$2.00247.7%68.8%179.7%0.0%247.9%-23.9%-19.6%76.5K-14.6M-29.6K0.3830.42N/AN/A70,99127,28079,29142,473
2025-07-23$2.76$2.50211.6%61.2%182.7%0.0%221.6%-24.0%-1.5%77.7K-12.1M-36.9K0.2337.86N/AN/A32,8477,64597,81963,557
2025-07-24$3.02$2.50204.3%64.1%183.4%0.0%221.1%-30.7%17.8%122.5K-15.8M-39.4K0.4422.46N/AN/A41,21718,148101,68965,620
2025-07-25$2.92$2.50202.6%58.6%184.9%0.0%224.5%0.9%-4.8%33.2K-11.3M-38.2K0.3430.06N/AN/A22,8037,686103,63674,148
2025-07-28$2.69$2.50176.8%51.2%186.0%0.0%212.6%-28.0%22.8%38.0K-7.5M-35.2K0.6746.02N/AN/A14,1659,50183,82060,626
2025-07-29$2.38$2.50187.4%52.8%188.3%0.0%171.5%-45.7%3.4%21.2K-4.7M-32.0K0.2732.89N/AN/A34,2139,26989,82962,322
2025-07-30$2.31$2.50168.9%54.2%188.7%0.0%202.5%-34.5%24.2%60.8K-5.7M-33.9K0.2041.36N/AN/A14,3132,910106,05362,152
2025-07-31$2.09$2.50168.1%48.8%190.7%0.0%191.1%-33.4%-26.3%10.9K-2.3M-30.3K0.6830.14N/AN/A10,6347,243111,70863,287