FG Options History — May 2025

In May 2025, FG traded between $30.14 and $36.02. ATM implied volatility averaged 55.7%, placing in the 41.1% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded below realized volatility by 3.0% (HV 20d: 58.7%). Max pain ranged from $25.00 to $40.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 2.26.

Notable Days

  • 2025-05-09: Highest Volume — 171 contracts
  • 2025-05-14: Largest IV drop — 73.1% change
  • 2025-05-13: Highest IV Rank — 100.0%
  • 2025-05-01: Largest Expected Move — 20.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.58$30.14$36.02$35.20$32.24
Max Pain$31.67$25.00$40.00$35.00$30.00
ATM IV55.7%26.8%106.8%70.5%49.7%
Expected Move13.4%7.7%20.2%20.2%14.3%
HV 20d58.7%48.3%66.8%52.1%58.8%
HV 60d58.7%53.8%61.8%54.4%59.3%
IV Rank41.1%5.7%100.0%60.6%32.8%
IV Percentile58.5%2.4%100.0%91.7%52.8%
Term Structure-3.8%-25.9%27.4%-21.5%-13.7%
VWIV48.7%25.9%113.4%71.0%39.4%
Skew 25d2.3%-20.8%36.5%5.7%13.0%
Skew 10d39.3%-21.3%120.5%46.1%117.7%
Call IV 25d43.8%25.0%96.6%82.4%25.0%
Put IV 25d46.1%24.9%88.0%88.0%38.1%
Bid-Ask Spread %112.23102.20120.49107.61120.49
Gamma HHI0.410.290.570.420.37
Net GEX-1.8K-23.3K16.4K14.4K-3.2K
Net DEX132.4K-425.4K441.9K-345.9K258.1K
Net VEX-4.1K-5.2K-2.6K-3.6K-4.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.260.0018.000.050.25
Total Volume41.57101712130
Total OI1,094.6198491,3058491,305

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$35.20$35.0070.5%20.2%52.1%60.6%71.0%5.7%-21.5%14.4K-345.9K-3.6K0.05107.61N/AN/A201657192
2025-05-02$36.02$35.0067.4%19.3%49.2%56.7%0.0%-20.8%-14.4%16.4K-425.4K-3.7K0.00109.06N/AN/A00658193
2025-05-05$35.69$40.0059.0%13.4%48.8%46.3%51.0%-11.1%-9.3%16.1K-382.2K-3.5K1.33117.72N/AN/A34658192
2025-05-06$35.67$40.0067.2%14.4%48.7%56.4%113.4%-9.1%-0.7%14.9K-357.6K-3.3K6.00113.02N/AN/A636660192
2025-05-07$35.81$25.0076.5%12.7%48.3%68.1%59.5%-10.8%-4.4%13.5K-306.7K-3.5K0.00119.86N/AN/A20654228
2025-05-08$31.07$25.0077.3%18.7%66.8%69.1%49.8%36.5%-12.7%2.1K108.2K-2.8K0.77108.75N/AN/A3023654228
2025-05-09$30.14$30.0069.7%13.9%62.5%59.6%49.4%13.4%-0.6%-2.2K127.5K-2.6K18.00104.70N/AN/A9162681233
2025-05-12$31.36$30.0068.7%11.1%64.5%58.3%0.0%2.5%17.5%-6.9K197.2K-3.9K1.25110.20N/AN/A2430687394
2025-05-13$31.35$30.00106.8%11.2%63.7%100.0%34.3%5.1%12.1%-13.0K267.9K-3.9K0.00109.18N/AN/A60687424
2025-05-14$30.81$30.0028.7%8.2%63.7%7.9%39.6%-1.3%10.5%-22.3K386.4K-3.3K0.44113.06N/AN/A3214687424
2025-05-15$30.98$30.0031.8%9.1%63.8%11.6%36.0%0.4%0.7%-23.3K441.9K-3.9K6.00114.72N/AN/A424688496
2025-05-16$32.06$30.0026.8%7.7%64.5%5.7%31.9%-5.9%27.4%-7.0K261.2K-3.9K7.43109.97N/AN/A14104688461
2025-05-19$32.35$35.0038.8%11.1%61.0%19.9%36.6%-1.2%8.7%-10.9K372.8K-4.7K0.03102.20N/AN/A1524632503
2025-05-20$32.33$35.0051.0%14.6%60.5%34.3%39.5%-2.2%-19.9%-5.0K297.9K-4.9K0.15106.31N/AN/A264691507
2025-05-21$32.27$35.0054.6%15.6%60.2%38.5%48.4%-0.4%-25.9%-1.8K255.7K-5.2K0.29111.48N/AN/A3811717509
2025-05-22$31.97$30.0052.9%15.2%58.8%36.5%52.3%20.4%-2.5%-259264.6K-5.2K0.50107.01N/AN/A63746515
2025-05-23$31.31$30.0041.8%12.0%59.0%23.4%38.0%-0.3%-8.3%-4.5K367.6K-5.0K0.27113.72N/AN/A113746518
2025-05-27$32.11$30.0047.7%13.7%59.7%30.3%60.6%-0.2%-21.2%-3.9K321.8K-4.9K0.00119.56N/AN/A290754521
2025-05-28$31.69$30.0034.9%10.0%59.3%15.3%0.0%-3.2%10.1%-5.9K342.3K-4.8K0.00118.20N/AN/A00782521
2025-05-29$31.73$30.0049.0%14.1%58.8%31.9%25.9%17.9%-11.1%-5.0K328.2K-4.8K0.14120.08N/AN/A71782522
2025-05-30$32.24$30.0049.7%14.3%58.8%32.8%39.4%13.0%-13.7%-3.2K258.1K-4.8K0.25120.49N/AN/A246782523