FG Options History — February 2025

In February 2025, FG traded between $40.30 and $46.84. ATM implied volatility averaged 50.8%, placing in the 36.0% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 14.6% (HV 20d: 36.2%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.18.

Notable Days

2025-02-21: Highest Volume — 50 contracts
2025-02-11: Largest IV drop — 34.6% change
2025-02-10: Highest IV Rank — 60.6%
2025-02-03: Largest Expected Move — 17.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.08	$40.30	$46.84	$44.16	$42.23
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	50.8%	40.9%	70.5%	60.5%	54.5%
Expected Move	13.7%	10.6%	17.4%	17.4%	15.6%
HV 20d	36.2%	28.0%	45.4%	38.7%	42.9%
HV 60d	38.4%	35.0%	47.8%	47.8%	39.5%
IV Rank	36.0%	23.7%	60.6%	48.2%	40.7%
IV Percentile	58.1%	25.8%	92.5%	86.1%	72.6%
Term Structure	-5.6%	-17.7%	6.6%	-14.1%	-2.6%
VWIV	33.9%	32.0%	38.5%	38.5%	32.0%
Skew 25d	3.5%	-12.5%	41.8%	41.8%	2.1%
Skew 10d	-1.1%	-26.5%	29.8%	29.8%	-26.5%
Call IV 25d	43.0%	28.3%	53.0%	43.1%	50.0%
Put IV 25d	46.5%	33.5%	84.9%	84.9%	52.1%
Bid-Ask Spread %	115.37	109.68	121.71	121.71	116.38
Gamma HHI	0.45	0.36	0.52	0.49	0.37
Net GEX	15.9K	10.5K	20.9K	16.2K	12.0K
Net DEX	-334.0K	-478.9K	-171.3K	-341.3K	-214.6K
Net VEX	-2.4K	-3.0K	-1.7K	-2.5K	-2.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.18	0.00	0.67	0.00	0.00
Total Volume	5.368	0	50	0	0
Total OI	354.368	342	372	345	356

Daily Data (19 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
2025-02-03	$44.16	$40.00	60.5%	17.4%	38.7%	48.2%	0.0%	41.8%	-14.1%	16.2K	-341.3K	-2.5K	0.00	121.71	N/A	N/A	0	0	334	11
2025-02-04	$43.84	$40.00	58.4%	16.7%	38.1%	45.5%	0.0%	13.5%	-9.0%	15.1K	-305.4K	-2.2K	0.00	113.05	N/A	N/A	6	0	334	11
2025-02-05	$44.06	$40.00	49.9%	14.3%	37.3%	34.9%	38.5%	1.0%	-0.7%	15.5K	-305.4K	-2.1K	0.00	114.84	N/A	N/A	1	0	340	11
2025-02-06	$44.26	$40.00	53.0%	12.8%	37.0%	38.8%	0.0%	-9.8%	1.6%	16.5K	-372.1K	-2.6K	0.00	114.13	N/A	N/A	0	0	341	11
2025-02-07	$44.67	$40.00	59.8%	13.4%	36.7%	47.3%	33.5%	-3.1%	-2.6%	17.1K	-394.7K	-2.8K	0.00	109.68	N/A	N/A	0	1	341	11
2025-02-10	$46.52	$40.00	70.5%	13.1%	31.3%	60.6%	0.0%	10.3%	-0.1%	19.0K	-476.3K	-2.9K	0.00	112.15	N/A	N/A	1	0	341	12
2025-02-11	$46.84	$40.00	46.1%	10.6%	31.2%	30.1%	0.0%	-3.8%	1.0%	20.0K	-450.0K	-2.8K	0.00	116.67	N/A	N/A	4	0	342	12
2025-02-12	$45.84	$40.00	48.2%	13.8%	31.0%	32.8%	0.0%	13.5%	-7.3%	19.5K	-452.2K	-3.0K	0.00	112.79	N/A	N/A	0	0	346	12
2025-02-13	$46.50	$40.00	46.8%	13.4%	28.2%	31.0%	0.0%	4.2%	-5.8%	20.0K	-461.2K	-2.8K	0.00	118.39	N/A	N/A	0	0	346	12
2025-02-14	$46.76	$40.00	50.8%	14.6%	28.0%	36.1%	0.0%	1.0%	-16.3%	20.8K	-478.9K	-3.0K	0.00	116.38	N/A	N/A	1	0	346	12
2025-02-18	$45.78	$40.00	43.4%	12.4%	28.4%	26.7%	0.0%	3.5%	-1.1%	20.9K	-420.6K	-2.7K	0.00	117.92	N/A	N/A	0	1	347	12
2025-02-19	$45.42	$40.00	47.7%	13.7%	28.6%	32.2%	0.0%	-1.4%	-5.3%	18.7K	-427.9K	-2.6K	0.33	116.34	N/A	N/A	6	2	347	13
2025-02-20	$44.08	$40.00	47.5%	13.6%	30.6%	32.0%	33.3%	10.4%	4.8%	16.5K	-339.4K	-2.3K	0.67	113.94	N/A	N/A	3	2	353	15
2025-02-21	$40.30	$40.00	40.9%	11.7%	44.3%	23.7%	32.4%	5.2%	-11.8%	10.7K	-179.1K	-1.7K	0.16	114.95	N/A	N/A	43	7	355	17
2025-02-24	$41.29	$40.00	44.4%	12.7%	45.4%	28.1%	32.0%	-12.5%	-17.7%	11.0K	-171.3K	-1.7K	0.33	113.88	N/A	N/A	12	4	328	14
2025-02-25	$41.44	$40.00	48.9%	14.0%	44.1%	33.6%	0.0%	-6.4%	-14.0%	11.2K	-191.9K	-2.0K	0.50	114.99	N/A	N/A	2	1	330	18
2025-02-26	$41.87	$40.00	45.4%	13.0%	44.1%	29.3%	0.0%	-3.5%	-10.8%	10.5K	-179.3K	-1.8K	0.00	117.12	N/A	N/A	0	0	332	19
2025-02-27	$41.72	$40.00	48.3%	13.8%	42.5%	32.9%	0.0%	0.8%	6.6%	10.6K	-185.1K	-1.9K	0.00	116.71	N/A	N/A	5	0	332	19
2025-02-28	$42.23	$40.00	54.5%	15.6%	42.9%	40.7%	0.0%	2.1%	-2.6%	12.0K	-214.6K	-2.0K	0.00	116.38	N/A	N/A	0	0	337	19