FFAI Options History — August 2025

In August 2025, FFAI traded between $2.00 and $3.04. ATM implied volatility averaged 151.5%. The 30-day expected move averaged 43.4%. IV traded below realized volatility by 9.2% (HV 20d: 160.7%). Max pain ranged from $2.50 to $2.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.44.

Notable Days

  • 2025-08-18: Highest Volume — 35,658 contracts
  • 2025-08-06: Largest IV drop — 12.6% change
  • 2025-08-01: Largest Expected Move — 52.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.44$2.00$3.04$2.00$2.25
Max Pain$2.50$2.50$2.50$2.50$2.50
ATM IV151.5%121.5%179.1%175.3%123.7%
Expected Move43.4%32.2%52.2%52.2%32.2%
HV 20d160.7%113.9%198.0%185.7%114.7%
HV 60d142.3%134.9%146.3%134.9%145.6%
Term Structure-0.8%-17.0%18.9%14.6%5.1%
VWIV158.5%125.1%211.4%211.4%125.1%
Skew 25d8.4%-24.1%51.8%-24.1%-18.9%
Skew 10d-17.6%-99.7%56.0%-96.7%-10.4%
Call IV 25d138.5%76.0%201.8%201.8%127.2%
Put IV 25d147.0%108.3%188.5%177.7%108.3%
Bid-Ask Spread %23.776.5143.6240.2243.05
Gamma HHI0.210.120.710.200.22
Net GEX70.5K2.4K362.0K34.0K58.2K
Net DEX-5.7M-12.6M-2.2M-2.2M-2.9M
Net VEX-35.4K-39.6K-28.4K-28.4K-36.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.440.120.940.750.59
Total Volume16,446.5245,12435,65819,7848,230
Total OI148,884.381125,224177,032177,032155,612

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$2.00$2.50175.3%52.2%185.7%0.0%211.4%-24.1%14.6%34.0K-2.2M-28.4K0.7540.22N/AN/A11,3378,447115,35661,676
2025-08-04$2.42$2.50178.8%51.7%197.2%0.0%184.0%23.6%2.8%81.2K-7.3M-33.2K0.276.51N/AN/A21,2035,74491,03749,597
2025-08-05$2.33$2.50179.1%51.1%198.0%0.0%191.3%13.4%-2.1%78.4K-6.4M-32.1K0.3714.35N/AN/A4,9581,84898,45652,015
2025-08-06$2.30$2.50156.6%49.2%194.6%0.0%176.5%14.4%6.8%75.4K-5.9M-31.5K0.2211.44N/AN/A5,3231,19099,47553,319
2025-08-07$2.33$2.50176.0%49.4%194.4%0.0%198.1%9.8%-17.0%89.2K-6.2M-31.8K0.199.41N/AN/A10,1371,965101,41253,456
2025-08-08$2.48$2.50161.5%47.6%195.0%0.0%167.1%-11.4%-8.1%362.0K-7.5M-31.8K0.9410.31N/AN/A8,6318,091103,03054,530
2025-08-11$2.48$2.50166.0%47.2%188.3%0.0%196.6%37.0%-2.2%38.3K-6.2M-31.7K0.289.44N/AN/A14,0303,98481,89448,951
2025-08-12$2.55$2.50165.9%47.1%188.2%0.0%166.0%-4.2%-3.7%54.4K-7.3M-33.2K0.3911.46N/AN/A9,2953,59588,72250,894
2025-08-13$2.75$2.50155.6%45.1%187.2%0.0%161.5%34.8%0.7%84.8K-9.5M-35.7K0.639.98N/AN/A9,3425,92693,40151,997
2025-08-14$3.04$2.50153.4%42.5%188.8%0.0%150.4%6.8%-3.9%117.1K-12.6M-39.2K0.8612.20N/AN/A15,50513,30395,41654,696
2025-08-15$2.79$2.50150.7%41.3%177.2%0.0%146.3%-10.3%-9.6%47.7K-7.8M-39.0K0.6010.37N/AN/A15,3169,21297,67265,518
2025-08-18$2.58$2.50152.7%43.5%180.2%0.0%155.6%-16.4%1.1%34.2K-5.3M-37.8K0.6129.72N/AN/A22,10913,54983,32141,903
2025-08-19$2.50$2.50147.6%42.2%125.5%0.0%148.3%30.8%-15.4%30.8K-4.8M-38.9K0.4420.40N/AN/A10,3874,61593,03152,002
2025-08-20$2.29$2.50146.8%42.1%127.6%0.0%147.0%35.8%2.5%2.4K-2.5M-35.9K0.6432.84N/AN/A13,2458,44193,82052,821
2025-08-21$2.19$2.50135.5%38.5%122.6%0.0%145.6%-15.3%18.9%13.2K-2.6M-35.4K0.2733.41N/AN/A11,6143,16099,93849,415
2025-08-22$2.42$2.50140.3%39.7%129.0%0.0%138.4%-9.0%6.5%38.1K-4.7M-39.6K0.2032.72N/AN/A16,4433,320106,85450,255
2025-08-25$2.41$2.50136.3%39.2%126.1%0.0%134.4%-1.1%-2.9%53.1K-5.4M-38.4K0.2736.06N/AN/A9,8122,61693,39143,126
2025-08-26$2.29$2.50131.3%36.5%119.7%0.0%129.5%51.8%1.1%52.0K-3.8M-35.7K0.1243.62N/AN/A12,4211,53598,35244,756
2025-08-27$2.38$2.50121.5%37.3%120.1%0.0%129.5%31.9%2.8%69.0K-5.3M-38.4K0.4340.38N/AN/A7,2323,142105,42645,437
2025-08-28$2.38$2.50126.4%36.1%113.9%0.0%125.8%-2.3%-15.6%66.8K-3.8M-39.0K0.1841.34N/AN/A4,357767108,86345,729
2025-08-29$2.25$2.50123.7%32.2%114.7%0.0%125.1%-18.9%5.1%58.2K-2.9M-36.9K0.5943.05N/AN/A5,1873,043109,41046,202