FG Options History — December 2025

In December 2025, FG traded between $30.88 and $35.08. ATM implied volatility averaged 51.7%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 15.9% (HV 20d: 35.9%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 4.67.

Notable Days

  • 2025-12-22: Highest Volume — 646 contracts
  • 2025-12-16: Largest IV spike — 50.9% change
  • 2025-12-03: Highest IV Rank — 46.1%
  • 2025-12-03: Largest Expected Move — 23.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.82$30.88$35.08$32.54$30.88
Max Pain$30.68$30.00$35.00$35.00$30.00
ATM IV51.7%31.5%82.8%45.5%60.5%
Expected Move13.8%7.0%23.7%13.0%17.4%
HV 20d35.9%26.6%41.5%37.4%41.5%
HV 60d31.4%28.4%34.9%28.4%34.9%
IV Rank22.5%7.2%46.1%17.8%29.2%
IV Percentile56.3%9.1%96.4%38.9%81.0%
Term Structure-15.7%-69.3%13.9%-12.2%-27.7%
VWIV40.3%24.3%58.4%24.3%43.7%
Skew 25d-2.6%-44.1%28.3%-2.4%-4.8%
Skew 10d-7.1%-70.2%75.1%75.1%-70.2%
Call IV 25d44.7%14.8%115.4%33.9%55.2%
Put IV 25d42.1%25.2%120.2%31.5%50.4%
Bid-Ask Spread %119.47102.30134.80134.80111.22
Gamma HHI0.480.330.750.380.70
Net GEX-39.0K-73.4K23.2K-58.3K-52.9K
Net DEX944.4K57.6K1.9M1.4M389.7K
Net VEX-6.2K-8.4K-4.1K-7.1K-4.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.670.0079.750.001.23
Total Volume57.5910646029
Total OI1,727.3641,0751,9671,8851,467

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$32.54$35.0045.5%13.0%37.4%17.8%0.0%-2.4%-12.2%-58.3K1.4M-7.1K0.00134.80N/AN/A005461,339
2025-12-02$32.34$35.0061.5%17.6%36.2%29.9%0.0%-34.6%-27.7%-47.1K1.5M-7.4K0.00130.74N/AN/A045461,339
2025-12-03$33.39$35.0082.8%23.7%36.9%46.1%0.0%4.8%-69.3%-73.4K1.2M-6.2K0.00130.35N/AN/A205461,343
2025-12-04$33.13$30.0050.1%7.0%37.2%21.3%24.3%6.0%4.6%-28.0K1.5M-6.2K0.07102.30N/AN/A4535471,343
2025-12-05$33.74$30.0051.6%10.1%37.3%22.4%28.4%-5.3%2.2%-39.5K1.3M-6.8K0.00117.25N/AN/A4705811,340
2025-12-08$33.09$30.0058.0%10.4%37.0%27.3%29.1%-3.9%3.5%-27.7K1.3M-7.6K0.09117.52N/AN/A1116271,340
2025-12-09$33.56$30.0055.8%11.0%28.4%25.6%0.0%-9.9%-4.2%-31.1K1.2M-7.3K0.00118.35N/AN/A206231,341
2025-12-10$33.95$30.0039.3%11.3%28.6%13.1%43.8%6.3%1.4%-12.1K1.2M-7.1K0.00124.97N/AN/A3006251,341
2025-12-11$35.08$30.0039.6%11.3%30.7%13.3%0.0%9.6%13.9%23.2K652.7K-8.4K0.05126.08N/AN/A3926191,341
2025-12-12$34.41$30.0045.9%13.1%31.5%18.0%51.4%11.6%-26.0%9.1K977.6K-7.2K0.00124.40N/AN/A11206101,340
2025-12-15$34.86$30.0031.5%9.0%31.5%7.2%31.3%-9.1%-1.2%6.4K919.5K-7.1K0.00128.51N/AN/A4405331,340
2025-12-16$34.60$30.0047.6%13.6%26.6%19.4%0.0%-32.3%-8.5%-34.4K1.1M-7.5K0.00128.83N/AN/A4105111,340
2025-12-17$32.69$30.0061.9%17.7%33.0%30.2%41.2%-41.1%-44.6%-42.7K1.7M-6.3K1.00115.78N/AN/A334631,340
2025-12-18$33.11$30.0052.8%15.1%33.0%23.3%31.3%-44.1%-24.7%-48.6K1.7M-6.5K0.25120.61N/AN/A414651,338
2025-12-19$31.07$30.0047.2%13.5%40.7%19.0%39.8%18.7%-17.0%-54.5K1.9M-5.6K0.22106.94N/AN/A58134661,336
2025-12-22$31.01$30.0054.1%15.5%40.4%24.3%51.0%24.3%-14.8%-25.8K57.6K-4.1K79.75108.47N/AN/A8638389686
2025-12-23$31.09$30.0051.0%14.6%40.3%21.9%58.4%16.1%-19.9%-65.3K305.7K-4.8K0.41113.36N/AN/A32133921,009
2025-12-24$31.45$30.0048.7%14.0%39.5%20.2%0.0%28.3%-14.9%-58.9K205.1K-4.7K1.00114.06N/AN/A223931,022
2025-12-26$32.23$30.0047.8%13.7%40.3%19.6%52.5%-7.9%-15.3%-72.6K166.5K-4.7K0.00122.57N/AN/A503911,024
2025-12-29$32.33$30.0050.4%14.4%40.1%21.5%36.6%0.5%-20.4%-63.9K91.7K-4.3K0.00117.98N/AN/A0133891,024
2025-12-30$31.44$30.0054.7%15.7%41.1%24.7%41.1%11.5%-23.0%-60.5K162.9K-4.2K0.00113.28N/AN/A0603891,018
2025-12-31$30.88$30.0060.5%17.4%41.5%29.2%43.7%-4.8%-27.7%-52.9K389.7K-4.2K1.23111.22N/AN/A13163891,078