FG Options History — March 2026

In March 2026, FG traded between $20.75 and $25.50. ATM implied volatility averaged 52.7%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded below realized volatility by 1.2% (HV 20d: 53.9%). Max pain ranged from $22.50 to $30.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 3.97.

Notable Days

  • 2026-03-18: Highest Volume — 493 contracts
  • 2026-03-17: Largest IV spike — 117.5% change
  • 2026-03-10: Highest IV Rank — 44.6%
  • 2026-03-04: Largest Expected Move — 17.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.25$20.75$25.50$22.39$25.50
Max Pain$27.39$22.50$30.00$22.50$25.00
ATM IV52.7%21.2%80.8%52.5%53.7%
Expected Move13.8%10.2%17.4%15.1%15.4%
HV 20d53.9%46.3%65.8%55.9%48.4%
HV 60d46.2%44.5%48.3%45.1%48.1%
IV Rank23.3%0.0%44.6%23.1%24.0%
IV Percentile59.5%0.0%96.0%63.5%65.9%
Term Structure-3.3%-17.5%7.4%1.6%1.7%
VWIV47.2%28.2%66.0%66.0%51.7%
Skew 25d13.3%-8.6%63.4%12.9%14.3%
Skew 10d27.0%-0.7%88.8%33.0%11.6%
Call IV 25d42.9%28.3%60.9%39.1%51.6%
Put IV 25d56.3%34.4%106.5%52.0%65.9%
Bid-Ask Spread %67.8930.78131.02127.6138.46
Gamma HHI0.380.240.580.450.31
Net GEX-169-9.1K13.7K5.3K13.7K
Net DEX581.8K-318.0K1.3M727.9K-318.0K
Net VEX-4.3K-5.7K-3.3K-3.6K-5.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.970.0047.333.140.00
Total Volume112.27344932921
Total OI2,002.5911,6812,2801,6812,214

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-03-02$22.39$22.5052.5%15.1%55.9%23.1%66.0%12.9%1.6%5.3K727.9K-3.6K3.14127.61N/AN/A722926755
2026-03-03$22.59$22.5035.4%10.2%55.4%10.1%28.2%6.6%-0.5%6.6K751.2K-3.5K0.78131.02N/AN/A1814930757
2026-03-04$23.25$22.5060.7%17.4%54.0%29.3%43.1%63.4%-3.2%7.8K605.2K-3.7K0.00121.92N/AN/A160941779
2026-03-05$23.44$30.0064.6%12.3%53.9%32.3%0.0%20.5%0.9%6.9K561.6K-3.7K0.00106.45N/AN/A40951779
2026-03-06$22.79$30.0049.3%13.1%54.2%20.7%46.0%21.4%-14.5%4.7K740.9K-3.3K0.00109.86N/AN/A0304947779
2026-03-09$22.51$30.0080.6%12.9%52.2%44.4%0.0%-8.6%-0.6%-4.9K999.0K-4.1K47.33104.50N/AN/A31429471,083
2026-03-10$22.08$30.0080.8%12.3%52.2%44.6%41.1%-8.3%0.7%-3.6K872.4K-3.4K9.4797.76N/AN/A15142953978
2026-03-11$21.05$30.0045.6%13.1%52.8%17.9%42.9%19.1%-6.1%-7.1K1.2M-3.8K0.0796.29N/AN/A1519511,118
2026-03-12$20.75$30.0059.7%14.6%52.7%28.5%43.3%16.8%-9.6%-8.0K1.3M-3.4K5.4041.82N/AN/A10549621,119
2026-03-13$20.98$30.0063.4%13.6%53.4%31.4%51.6%38.3%-10.0%-9.1K1.3M-3.8K4.1345.66N/AN/A8339421,161
2026-03-16$22.18$30.0021.2%12.9%58.5%0.0%45.4%6.7%-8.9%-9.1K1.3M-3.6K4.6333.07N/AN/A411909451,176
2026-03-17$23.87$30.0046.1%11.8%65.8%18.2%44.1%19.6%1.5%-8.7K604.4K-4.2K0.8536.97N/AN/A1551329581,137
2026-03-18$23.63$30.0032.3%13.8%65.6%7.8%48.1%28.7%-0.1%-8.9K676.0K-4.6K5.1644.04N/AN/A804139851,194
2026-03-19$23.65$30.0050.7%15.0%65.2%21.7%50.4%11.0%3.1%-4.2K666.7K-5.0K0.3838.32N/AN/A831,0601,220
2026-03-20$23.50$30.0049.6%14.0%60.9%20.9%44.1%15.1%0.2%-8.7K326.4K-4.5K0.3940.35N/AN/A59231,0641,083
2026-03-23$24.13$25.0044.8%11.9%48.4%17.2%44.2%13.3%-1.6%-6.1K363.9K-4.6K0.1830.78N/AN/A18633895889
2026-03-24$24.34$25.0051.0%13.5%47.0%21.9%47.9%3.3%7.4%46228.7K-5.0K0.0154.15N/AN/A7211,103872
2026-03-25$24.48$25.0051.4%13.7%46.3%22.3%52.5%1.8%0.2%3.8K70.9K-5.3K0.2637.54N/AN/A70181,174873
2026-03-26$25.29$25.0052.9%15.2%47.3%23.4%55.0%1.5%-9.9%9.5K-110.6K-5.4K0.0049.21N/AN/A5701,228888
2026-03-27$24.24$25.0055.9%16.0%47.7%25.7%41.4%-3.8%-17.5%6.8K-57.5K-5.5K0.1457.11N/AN/A4461,260888
2026-03-30$24.80$25.0057.5%16.5%47.8%26.9%56.0%-0.1%-7.5%9.7K-121.7K-5.7K1.0850.74N/AN/A24261,301892
2026-03-31$25.50$25.0053.7%15.4%48.4%24.0%51.7%14.3%1.7%13.7K-318.0K-5.7K0.0038.46N/AN/A2101,322892