FG Options History — January 2025

In January 2025, FG traded between $39.38 and $46.25. ATM implied volatility averaged 58.0%, placing in the 45.0% IV rank vs the trailing year. The 30-day expected move averaged 15.0%. IV traded above realized volatility by 19.1% (HV 20d: 38.9%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.50.

Notable Days

2025-01-27: Highest Volume — 171 contracts
2025-01-13: Largest IV spike — 87.4% change
2025-01-14: Highest IV Rank — 86.6%
2025-01-03: Largest Expected Move — 18.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.91	$39.38	$46.25	$41.32	$45.78
Max Pain	$39.74	$35.00	$40.00	$40.00	$40.00
ATM IV	58.0%	41.2%	91.3%	57.1%	48.4%
Expected Move	15.0%	12.8%	18.7%	16.4%	13.9%
HV 20d	38.9%	34.9%	45.7%	37.4%	36.1%
HV 60d	46.8%	45.2%	47.8%	45.4%	47.2%
IV Rank	45.0%	24.1%	86.6%	43.9%	33.0%
IV Percentile	72.1%	32.1%	99.2%	83.3%	54.4%
Term Structure	-9.4%	-17.4%	0.5%	-16.4%	-14.9%
VWIV	82.6%	52.7%	131.6%	131.6%	52.7%
Skew 25d	16.0%	-6.0%	44.3%	-6.0%	-5.7%
Skew 10d	3.0%	-36.0%	42.2%	-36.0%	-14.8%
Call IV 25d	43.9%	28.0%	60.3%	60.3%	47.0%
Put IV 25d	59.9%	41.3%	81.9%	54.3%	41.3%
Bid-Ask Spread %	116.12	108.76	122.17	116.24	117.40
Gamma HHI	0.51	0.26	0.67	0.26	0.55
Net GEX	3.0K	-11.2K	18.1K	2.3K	17.8K
Net DEX	-149.0K	-475.2K	67.7K	-72.1K	-438.9K
Net VEX	-1.1K	-3.1K	-522	-994	-3.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.00	4.00	0.00	0.00
Total Volume	14.2	0	171	6	1
Total OI	306.6	76	412	408	344

Daily Data (20 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
2025-01-02	$41.32	$40.00	57.1%	16.4%	37.4%	43.9%	131.6%	-6.0%	-16.4%	2.3K	-72.1K	-994	0.00	116.24	N/A	N/A	6	0	280	128
2025-01-03	$42.31	$40.00	65.3%	18.7%	38.9%	54.2%	0.0%	29.1%	-9.6%	318	-105.4K	-863	0.00	118.27	N/A	N/A	0	0	278	128
2025-01-06	$41.48	$0.00	71.9%	13.7%	39.2%	62.4%	63.5%	5.9%	-3.8%	-813	-62.0K	-815	0.00	108.76	N/A	N/A	0	1	278	128
2025-01-07	$42.13	$35.00	73.1%	15.6%	39.9%	63.8%	52.7%	10.5%	-8.6%	-934	-92.4K	-788	4.00	115.98	N/A	N/A	1	4	278	129
2025-01-08	$41.70	$40.00	74.6%	14.1%	37.8%	65.7%	0.0%	6.2%	0.5%	-1.4K	-69.9K	-811	0.00	112.42	N/A	N/A	0	0	279	133
2025-01-10	$39.38	$40.00	41.2%	14.2%	42.3%	24.1%	0.0%	-1.8%	-13.9%	-11.2K	63.1K	-689	0.00	119.89	N/A	N/A	4	0	279	133
2025-01-13	$39.38	$40.00	77.2%	16.6%	41.5%	69.0%	0.0%	3.9%	-10.7%	-6.7K	67.7K	-607	0.00	114.14	N/A	N/A	1	0	279	133
2025-01-14	$40.89	$40.00	91.3%	16.4%	43.3%	86.6%	0.0%	6.4%	-16.9%	-6.2K	-19.9K	-619	0.00	113.77	N/A	N/A	0	0	278	133
2025-01-15	$42.61	$40.00	54.2%	15.5%	45.7%	40.3%	0.0%	-2.4%	-17.4%	-3.0K	-121.8K	-580	1.00	115.68	N/A	N/A	1	1	278	133
2025-01-16	$42.43	$40.00	51.5%	14.8%	45.7%	37.0%	0.0%	23.1%	-4.6%	-4.0K	-134.0K	-560	0.00	113.74	N/A	N/A	2	0	278	134
2025-01-17	$43.52	$40.00	47.5%	13.6%	45.7%	32.0%	0.0%	23.1%	-3.6%	3.7K	-198.9K	-522	0.00	113.05	N/A	N/A	12	0	278	134
2025-01-21	$43.80	$40.00	50.8%	14.6%	36.1%	36.0%	0.0%	13.8%	-9.3%	4.9K	-142.1K	-606	0.00	110.58	N/A	N/A	1	0	68	8
2025-01-22	$43.45	$40.00	44.7%	12.8%	35.1%	28.5%	0.0%	40.4%	-3.0%	4.9K	-134.1K	-608	2.00	122.17	N/A	N/A	1	2	69	8
2025-01-23	$43.10	$40.00	48.0%	13.8%	35.1%	32.5%	0.0%	29.3%	-9.5%	4.8K	-133.7K	-619	0.00	118.17	N/A	N/A	0	0	70	10
2025-01-24	$43.22	$40.00	52.3%	15.0%	34.9%	37.9%	0.0%	30.3%	-6.0%	5.0K	-131.6K	-615	0.00	118.63	N/A	N/A	2	0	70	10
2025-01-27	$44.39	$40.00	51.8%	14.9%	36.0%	37.3%	0.0%	44.3%	-7.2%	5.2K	-151.6K	-614	0.01	121.20	N/A	N/A	170	1	70	10
2025-01-28	$44.92	$40.00	54.6%	15.7%	36.0%	40.8%	0.0%	43.8%	-11.1%	11.8K	-260.9K	-1.7K	0.00	116.83	N/A	N/A	40	0	240	11
2025-01-29	$46.16	$40.00	57.2%	16.4%	35.8%	44.0%	0.0%	31.8%	-9.9%	15.6K	-366.0K	-2.4K	0.00	117.81	N/A	N/A	33	0	280	11
2025-01-30	$46.25	$40.00	47.0%	13.5%	35.8%	31.3%	0.0%	-5.1%	-11.8%	18.1K	-475.2K	-3.1K	0.00	117.69	N/A	N/A	0	0	333	11
2025-01-31	$45.78	$40.00	48.4%	13.9%	36.1%	33.0%	0.0%	-5.7%	-14.9%	17.8K	-438.9K	-3.1K	0.00	117.40	N/A	N/A	1	0	333	11