FG Options History — March 2025

In March 2025, FG traded between $34.82 and $42.79. ATM implied volatility averaged 49.3%, placing in the 34.2% IV rank vs the trailing year. The 30-day expected move averaged 14.5%. IV traded below realized volatility by 4.0% (HV 20d: 53.3%). Max pain ranged from $30.00 to $40.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.36.

Notable Days

  • 2025-03-21: Highest Volume — 153 contracts
  • 2025-03-25: Largest IV spike — 52.7% change
  • 2025-03-10: Highest IV Rank — 58.2%
  • 2025-03-12: Largest Expected Move — 20.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.12$34.82$42.79$42.03$36.23
Max Pain$38.00$30.00$40.00$40.00$35.00
ATM IV49.3%37.0%68.5%57.5%49.5%
Expected Move14.5%9.9%20.8%16.5%10.4%
HV 20d53.3%41.3%72.7%42.9%68.5%
HV 60d43.8%37.7%50.9%39.5%50.9%
IV Rank34.2%18.8%58.2%44.3%34.4%
IV Percentile52.3%16.3%91.3%80.6%55.6%
Term Structure-6.8%-26.0%8.1%-26.0%-4.1%
VWIV44.3%37.6%66.1%66.1%43.6%
Skew 25d6.4%-8.9%22.3%0.8%22.3%
Skew 10d0.6%-27.6%46.7%22.9%46.7%
Call IV 25d38.6%24.4%56.4%56.4%49.1%
Put IV 25d44.9%30.8%71.4%57.1%71.4%
Bid-Ask Spread %107.5091.70122.81114.9295.42
Gamma HHI0.330.230.730.410.33
Net GEX6.1K-28.7K12.7K12.7K7.2K
Net DEX-151.7K-313.8K56.4K-257.9K-313.8K
Net VEX-1.8K-3.1K-748-2.3K-3.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.002.140.000.09
Total Volume35.3330153599
Total OI464.286356804356804

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$42.03$40.0057.5%16.5%42.9%44.3%0.0%0.8%-26.0%12.7K-257.9K-2.3K0.00114.92N/AN/A5033719
2025-03-04$41.50$40.0049.1%14.1%41.3%33.9%0.0%-4.6%-13.4%10.4K-178.4K-1.8K0.00117.08N/AN/A11034219
2025-03-05$42.04$40.0048.5%13.9%41.7%33.2%0.0%10.7%-5.7%11.2K-217.8K-1.9K0.00117.86N/AN/A3034219
2025-03-06$40.73$40.0058.1%16.7%42.9%45.1%0.0%11.3%-5.0%10.6K-176.5K-1.8K0.00114.74N/AN/A7034219
2025-03-07$40.78$40.0064.7%18.5%42.8%53.3%0.0%-0.2%-6.4%9.3K-144.6K-1.6K0.00119.30N/AN/A0033719
2025-03-10$39.17$40.0068.5%19.6%44.3%58.2%0.0%7.2%-8.0%6.7K-95.8K-1.3K0.00122.81N/AN/A0433719
2025-03-11$40.55$40.0052.2%20.5%43.5%37.7%66.1%15.2%-5.5%8.9K-151.1K-1.7K0.20111.58N/AN/A5133723
2025-03-12$40.49$40.0045.6%20.8%43.3%29.6%0.0%1.3%-8.5%8.5K-149.3K-1.6K0.00116.64N/AN/A10034223
2025-03-13$40.22$40.0054.4%18.6%43.0%40.5%0.0%13.4%-9.9%8.6K-139.8K-1.6K0.00120.34N/AN/A0034623
2025-03-14$42.34$40.0046.1%18.7%47.2%30.2%0.0%-2.8%-11.3%10.7K-178.6K-1.7K0.00120.15N/AN/A1034623
2025-03-17$42.16$40.0046.7%11.7%47.0%30.9%0.0%-4.2%-25.4%12.5K-203.4K-1.8K0.00103.63N/AN/A1034723
2025-03-18$42.09$40.0045.7%12.7%46.6%29.6%0.0%15.4%2.5%11.8K-209.9K-1.8K0.00101.81N/AN/A0234823
2025-03-19$42.79$40.0040.5%12.4%47.2%23.1%38.5%3.5%8.1%12.6K-204.1K-1.8K0.0099.06N/AN/A11034825
2025-03-20$36.47$0.0041.1%9.9%72.7%23.9%41.8%19.9%1.7%2.8K1.9K-7480.82100.76N/AN/A776334925
2025-03-21$34.82$30.0038.6%11.9%67.8%20.8%43.8%-8.9%5.6%-28.7K56.4K-1.1K2.00100.78N/AN/A5110243089
2025-03-24$34.85$35.0037.0%11.1%66.8%18.8%38.4%-3.7%1.9%1.9K-48.6K-1.5K2.1491.70N/AN/A2860443109
2025-03-25$35.07$35.0056.5%10.8%66.9%43.1%37.6%19.5%-20.8%1.2K-52.1K-1.8K0.3999.19N/AN/A2811464166
2025-03-26$35.88$35.0046.8%10.4%67.5%31.1%42.0%15.9%-2.7%2.1K-136.4K-2.1K0.34102.37N/AN/A5017488177
2025-03-27$36.05$35.0043.1%12.2%67.6%26.4%41.0%7.8%3.2%2.4K-179.6K-2.5K0.0694.69N/AN/A523525189
2025-03-28$35.33$35.0045.8%13.6%67.4%29.8%49.9%-5.9%-12.3%4.6K-205.9K-2.8K0.0392.70N/AN/A391577187
2025-03-31$36.23$35.0049.5%10.4%68.5%34.4%43.6%22.3%-4.1%7.2K-313.8K-3.1K0.0995.42N/AN/A918616188