FFAI Options History — March 2026

In March 2026, FFAI traded between $0.24 and $0.47. ATM implied volatility averaged 112.8%, placing in the 29.4% IV rank vs the trailing year. The 30-day expected move averaged 71.3%. IV traded below realized volatility by 14.0% (HV 20d: 126.8%). Max pain ranged from $0.50 to $2.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.20.

Notable Days

  • 2026-03-23: Highest Volume — 18,141 contracts
  • 2026-03-24: Largest IV spike — 910.1% change
  • 2026-03-24: Highest IV Rank — 67.4%
  • 2026-03-16: Largest Expected Move — 106.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$0.35$0.24$0.47$0.46$0.27
Max Pain$1.64$0.50$2.50$0.50$0.50
ATM IV112.8%19.3%251.1%203.8%22.8%
Expected Move71.3%6.5%106.0%55.4%6.5%
HV 20d126.8%108.2%153.6%136.7%137.6%
HV 60d105.7%98.9%120.1%101.2%120.1%
IV Rank29.4%3.5%67.4%54.6%4.5%
IV Percentile40.1%0.4%95.8%85.7%0.4%
Term Structure-15.9%-194.5%99.5%62.4%1.9%
VWIV260.6%193.3%342.4%193.3%279.3%
Skew 25d2.1%-151.1%131.5%-58.3%-45.9%
Skew 10d-18.5%-166.3%76.0%-90.8%33.8%
Call IV 25d189.0%75.4%344.6%251.5%246.5%
Put IV 25d191.1%128.7%219.6%193.3%200.7%
Bid-Ask Spread %50.3016.65110.1078.8820.34
Gamma HHI0.280.140.640.480.19
Net GEX2.7K7389.8K5.4K976
Net DEX-316.7K-649.3K-76.5K-600.3K-185.6K
Net VEX-4.3K-5.8K-2.6K-5.3K-3.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.200.011.420.020.09
Total Volume4,324.71489518,1415,6183,710
Total OI77,735.90568,27287,97468,27272,719

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$0.46$0.50203.8%55.4%136.7%54.6%193.3%-58.3%62.4%5.4K-600.3K-5.3K0.0278.88N/AN/A5,50811057,62410,648
2026-03-03$0.46$0.50160.8%46.5%135.7%42.7%195.1%6.5%99.5%8.5K-609.6K-5.8K0.04110.10N/AN/A1,6336566,70910,717
2026-03-04$0.46$0.50156.1%49.8%135.7%41.4%222.4%20.1%31.6%9.8K-649.3K-5.7K0.0193.06N/AN/A2,8283367,73510,703
2026-03-05$0.47$2.50189.8%63.0%137.4%50.8%0.0%8.8%-4.2%5.9K-459.4K-5.4K0.1190.71N/AN/A2,26424368,42510,776
2026-03-06$0.45$2.50159.6%85.1%115.9%42.4%0.0%-13.7%55.5%5.8K-461.6K-5.2K0.0992.53N/AN/A2,17819668,97210,806
2026-03-09$0.44$2.50216.4%74.2%115.3%58.1%342.4%8.6%-50.4%4.1K-466.6K-4.7K0.2190.09N/AN/A5,2621,13160,11110,075
2026-03-10$0.42$2.50233.1%74.8%115.4%62.8%0.0%8.8%-79.5%4.6K-406.0K-4.6K0.1894.46N/AN/A2,62146663,96210,778
2026-03-11$0.37$2.50208.7%56.9%120.5%56.0%0.0%-26.9%-10.2%1.2K-206.5K-4.5K1.4295.26N/AN/A3,1034,40166,03211,078
2026-03-12$0.35$2.50207.7%48.1%116.7%55.7%0.0%39.7%0.5%1.1K-229.4K-4.5K0.9926.51N/AN/A1,2091,20168,04512,259
2026-03-13$0.00$0.00246.6%0.0%116.7%66.5%0.0%0.0%0.0%1.1K-168.6K-4.7K0.000.00N/AN/A0000
2026-03-16$0.36$2.5021.2%106.0%116.7%4.1%0.0%68.2%-155.4%1.2K-337.9K-4.8K0.0324.44N/AN/A8,58827161,63211,838
2026-03-17$0.36$2.5020.1%104.3%117.0%3.7%0.0%18.4%-194.5%1.5K-436.8K-4.8K0.0416.65N/AN/A1,4425765,79811,843
2026-03-18$0.33$2.5022.0%67.3%116.5%4.3%331.1%-64.0%-27.2%1.0K-309.7K-4.3K0.0324.47N/AN/A1,9506666,94311,854
2026-03-19$0.31$2.5022.0%68.2%108.2%4.3%0.0%-151.1%-56.4%910-160.1K-3.5K0.3921.65N/AN/A64225368,24811,830
2026-03-20$0.28$2.5019.3%65.0%110.9%3.5%0.0%-3.0%0.0%859-262.4K-3.8K0.1321.37N/AN/A95111968,31111,894
2026-03-23$0.35$2.5024.9%78.3%142.9%5.1%279.3%20.3%29.0%1.2K-324.8K-4.8K0.0221.43N/AN/A17,85728459,91711,559
2026-03-24$0.29$0.50251.1%79.7%153.6%67.4%0.0%1.8%40.7%923-190.9K-3.4K0.0116.85N/AN/A5,9925571,66011,703
2026-03-25$0.28$0.5025.1%98.9%143.2%5.1%0.0%-25.3%-35.6%897-167.5K-3.3K0.1956.19N/AN/A3,57168373,09211,701
2026-03-26$0.26$0.5023.6%89.2%143.9%4.7%0.0%131.5%37.7%838-123.1K-3.1K0.0118.57N/AN/A2,3692075,24612,157
2026-03-27$0.24$0.5024.8%90.2%127.4%5.0%0.0%56.8%-102.4%740-134.2K-2.9K0.1024.64N/AN/A2,06519775,92512,049
2026-03-30$0.24$0.5022.9%90.0%126.0%4.5%0.0%43.9%39.1%738-76.5K-2.6K0.0118.18N/AN/A5,1507557,25811,822
2026-03-31$0.27$0.5022.8%6.5%137.6%4.5%0.0%-45.9%1.9%976-185.6K-3.5K0.0920.34N/AN/A3,39331760,86111,858