FG Options History — September 2025

In September 2025, FG traded between $31.27 and $35.14. ATM implied volatility averaged 40.0%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 19.6% (HV 20d: 20.4%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 2.34.

Notable Days

  • 2025-09-22: Highest Volume — 34 contracts
  • 2025-09-24: Largest IV spike — 78.0% change
  • 2025-09-08: Highest IV Rank — 37.4%
  • 2025-09-29: Largest Expected Move — 15.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.57$31.27$35.14$34.29$31.27
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV40.0%28.3%53.8%43.8%37.5%
Expected Move11.0%8.1%15.2%12.5%10.8%
HV 20d20.4%17.6%24.2%24.2%20.8%
HV 60d27.4%25.8%28.4%28.3%25.8%
IV Rank21.1%7.3%37.4%25.6%18.2%
IV Percentile27.6%3.2%67.1%32.9%18.7%
Term Structure-3.4%-22.5%10.7%-14.7%0.7%
VWIV29.4%25.4%34.3%25.4%33.4%
Skew 25d16.4%-40.9%97.5%-40.9%11.6%
Skew 10d31.6%-64.7%134.8%-64.7%68.4%
Call IV 25d38.1%26.0%83.2%80.2%40.0%
Put IV 25d54.5%30.3%135.4%39.3%51.6%
Bid-Ask Spread %107.9883.26126.80126.80113.84
Gamma HHI0.720.560.870.750.86
Net GEX-29.0K-47.0K-11.2K-28.5K-47.0K
Net DEX324.2K-5.6K799.4K186.5K799.4K
Net VEX-4.1K-4.6K-3.6K-4.4K-4.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.340.009.000.000.00
Total Volume7.619034011
Total OI1,136.7141,1001,1881,1151,132

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$34.29$35.0043.8%12.5%24.2%25.6%0.0%-40.9%-14.7%-28.5K186.5K-4.4K0.00126.80N/AN/A00343772
2025-09-03$34.75$35.0045.1%12.9%23.5%27.1%0.0%-39.2%-11.3%-27.2K95.6K-4.3K0.00120.58N/AN/A40343772
2025-09-04$35.14$35.0036.2%10.0%22.4%16.6%0.0%8.8%-2.9%-18.5K-5.6K-4.0K0.00106.08N/AN/A04343772
2025-09-05$34.61$35.0047.3%10.1%21.9%29.7%25.4%5.5%-0.4%-30.7K130.7K-4.2K0.00106.37N/AN/A10343776
2025-09-08$34.84$35.0053.8%9.8%21.9%37.4%34.3%84.8%0.9%-17.4K87.9K-3.9K2.50106.99N/AN/A820344776
2025-09-09$34.89$35.0044.4%12.4%20.7%26.3%0.0%76.7%-1.9%-11.2K105.5K-4.1K0.00102.04N/AN/A00344796
2025-09-10$34.38$35.0033.7%9.6%18.6%13.7%0.0%2.1%-0.3%-20.6K165.8K-4.0K0.00107.75N/AN/A02344796
2025-09-11$34.78$35.0033.2%9.5%19.2%13.1%0.0%87.9%-0.6%-13.1K127.0K-4.0K4.00106.38N/AN/A14344798
2025-09-12$34.47$35.0033.4%9.6%19.1%13.3%0.0%3.1%0.5%-17.2K164.5K-4.0K0.00106.97N/AN/A04345802
2025-09-15$34.33$35.0042.5%12.2%18.0%24.2%0.0%97.5%-4.4%-13.6K176.6K-3.6K0.00109.32N/AN/A020345806
2025-09-16$33.42$35.0029.1%8.3%19.8%8.3%0.0%-2.1%2.4%-35.2K340.5K-4.0K0.00106.71N/AN/A05344826
2025-09-17$33.66$35.0032.6%9.3%19.9%12.4%0.0%1.5%3.1%-31.3K290.2K-4.0K0.00106.50N/AN/A00344831
2025-09-18$33.85$35.0032.9%9.4%20.0%12.8%0.0%-3.2%0.3%-27.7K239.9K-3.8K0.00106.22N/AN/A05344842
2025-09-19$33.09$35.0031.1%8.9%21.3%10.7%0.0%-1.1%-2.0%-38.5K445.5K-4.2K0.00110.40N/AN/A04344844
2025-09-22$32.97$35.0028.3%8.1%18.1%7.3%31.0%5.2%10.7%-36.9K451.2K-4.0K0.2183.26N/AN/A286311789
2025-09-23$33.05$35.0028.8%8.3%17.6%7.9%26.8%3.7%2.4%-37.5K426.2K-4.0K3.00107.77N/AN/A13321793
2025-09-24$32.16$35.0051.3%14.7%19.6%34.5%0.0%11.2%-1.9%-37.8K583.1K-4.3K0.00103.74N/AN/A08322796
2025-09-25$31.60$35.0051.3%14.7%20.2%34.5%25.6%14.5%-22.5%-33.9K699.7K-4.6K0.00109.66N/AN/A09322804
2025-09-26$31.87$35.0049.9%14.3%20.7%32.8%33.4%-5.0%-11.6%-43.2K688.5K-4.3K9.00106.23N/AN/A19322805
2025-09-29$31.59$35.0053.1%15.2%20.7%36.7%0.0%21.0%-18.1%-42.9K609.3K-4.0K0.00113.97N/AN/A02323808
2025-09-30$31.27$35.0037.5%10.8%20.8%18.2%0.0%11.6%0.7%-47.0K799.4K-4.1K0.00113.84N/AN/A110323809