FFAI Options History — April 2026

In April 2026, FFAI traded between $0.22 and $0.34. ATM implied volatility averaged 22.2%, placing in the 4.3% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded below realized volatility by 134.6% (HV 20d: 156.8%). Max pain ranged from $0.50 to $2.50. Net GEX was positive for 7 of 7 trading days. Term structure was in contango for 3 of 7 days. Put/call ratio averaged 0.03.

Notable Days

2026-04-10: Highest Volume — 22,940 contracts
2026-04-14: Largest IV drop — 11.9% change
2026-04-10: Highest IV Rank — 4.6%
2026-04-10: Largest Expected Move — 6.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$0.26	$0.22	$0.34	$0.25	$0.32
Max Pain	$2.21	$0.50	$2.50	$0.50	$2.50
ATM IV	22.2%	20.4%	23.2%	21.9%	20.4%
Expected Move	6.4%	5.8%	6.6%	6.3%	5.8%
HV 20d	156.8%	135.3%	205.5%	138.1%	205.5%
HV 60d	124.7%	114.7%	143.5%	120.5%	143.5%
IV Rank	4.3%	3.8%	4.6%	4.2%	3.8%
IV Percentile	1.0%	0.4%	2.8%	0.4%	0.4%
Term Structure	-0.8%	-5.0%	5.2%	1.9%	5.2%
Skew 25d	-27.5%	-85.6%	39.4%	-85.6%	-13.3%
Skew 10d	-17.0%	-74.2%	55.1%	-74.2%	-27.2%
Call IV 25d	224.1%	199.6%	281.2%	223.1%	199.6%
Put IV 25d	196.6%	137.5%	257.5%	137.5%	186.3%
Bid-Ask Spread %	28.59	19.13	59.00	59.00	22.02
Gamma HHI	0.18	0.16	0.20	0.18	0.18
Net GEX	966	761	1.4K	810	1.4K
Net DEX	-193.9K	-380.0K	-107.5K	-107.5K	-380.0K
Net VEX	-3.2K	-5.0K	-2.5K	-2.8K	-5.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.03	0.01	0.04	0.04	0.02
Total Volume	6,084.143	1,739	22,940	1,810	3,093
Total OI	77,746	68,233	94,901	75,223	94,901

Daily Data (7 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2026-04-01	$0.25	$0.50	21.9%	6.3%	138.1%	4.2%	0.0%	-85.6%	1.9%	810	-107.5K	-2.8K	0.04	59.00	N/A	N/A	1,735	75	63,111	12,112
2026-04-02	$0.24	$2.50	23.1%	6.6%	137.6%	4.6%	0.0%	39.4%	0.9%	780	-217.8K	-2.8K	0.04	26.51	N/A	N/A	1,667	72	63,978	11,997
2026-04-06	$0.23	$2.50	22.6%	6.5%	137.0%	4.4%	0.0%	-7.4%	-5.0%	825	-118.0K	-2.7K	0.03	22.79	N/A	N/A	4,665	129	56,593	11,640
2026-04-07	$0.22	$2.50	22.3%	6.4%	135.3%	4.3%	0.0%	0.0%	-1.8%	761	-146.3K	-2.5K	0.04	26.21	N/A	N/A	3,773	142	60,653	11,709
2026-04-09	$0.23	$2.50	21.8%	6.2%	138.5%	4.2%	0.0%	-72.6%	-2.0%	845	-164.3K	-2.8K	0.01	19.13	N/A	N/A	4,238	60	65,838	11,680
2026-04-10	$0.34	$2.50	23.2%	6.6%	205.2%	4.6%	0.0%	-25.6%	-5.0%	1.3K	-223.3K	-3.9K	0.01	24.49	N/A	N/A	22,793	147	68,297	11,713
2026-04-14	$0.32	$2.50	20.4%	5.8%	205.5%	3.8%	0.0%	-13.3%	5.2%	1.4K	-380.0K	-5.0K	0.02	22.02	N/A	N/A	3,032	61	83,483	11,418