FMDE Options History — September 2025

In September 2025, FMDE traded between $35.63 and $36.48. ATM implied volatility averaged 32.6%. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 21.6% (HV 20d: 11.0%). Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-09-08: Highest Volume — 18 contracts
  • 2025-09-10: Largest IV drop — 39.3% change
  • 2025-09-03: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.08$35.63$36.48$35.63$36.08
ATM IV32.6%25.7%44.2%36.8%34.6%
Expected Move8.5%7.1%10.8%10.6%9.9%
HV 20d11.0%9.1%12.6%12.4%10.4%
Term Structure-7.4%-11.7%-4.8%-11.2%-11.1%
Skew 25d1.4%0.6%2.3%1.4%1.1%
Skew 10d8.3%4.7%26.3%4.9%5.8%
Call IV 25d36.5%29.7%47.7%46.5%44.2%
Put IV 25d37.9%31.2%48.3%47.8%45.4%
Bid-Ask Spread %167.39165.55169.25168.40165.55
Gamma HHI1.001.001.001.001.00
Net GEX1.3K01.9K01.7K
Net DEX-11.3K-16.5K00-13.9K
Net VEX-75-10700-87
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.71401800
Total OI13.714018018

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$35.63$0.0036.8%10.6%0.0%0.0%0.0%1.4%-11.2%0000.00168.40N/AN/A0000
2025-09-03$35.63$0.0037.5%10.8%0.0%0.0%0.0%0.6%-11.7%0000.00169.01N/AN/A0000
2025-09-04$35.89$0.0037.8%7.1%0.0%0.0%0.0%1.8%-4.9%0000.00167.75N/AN/A0000
2025-09-05$35.92$0.0037.8%7.2%0.0%0.0%0.0%0.9%-5.1%0000.00168.08N/AN/A0000
2025-09-08$36.05$0.0042.1%7.2%0.0%0.0%0.0%2.1%-5.4%0000.00167.58N/AN/A18000
2025-09-09$36.00$0.0044.2%7.5%0.0%0.0%0.0%1.5%-6.3%1.7K-13.9K-990.00168.68N/AN/A00180
2025-09-10$35.92$0.0026.8%7.7%0.0%0.0%0.0%1.4%-6.2%1.6K-14.2K-980.00168.25N/AN/A00180
2025-09-11$36.48$0.0025.7%7.4%12.4%0.0%0.0%2.3%-4.9%1.9K-16.5K-1070.00166.38N/AN/A00180
2025-09-12$36.22$0.0027.4%7.9%12.6%0.0%0.0%0.8%-6.4%1.7K-15.7K-1060.00169.25N/AN/A00180
2025-09-15$36.27$0.0028.1%8.0%12.2%0.0%0.0%1.5%-6.5%1.8K-15.9K-1040.00168.84N/AN/A00180
2025-09-16$36.09$0.0028.3%8.1%12.1%0.0%0.0%1.1%-6.9%1.7K-14.9K-1030.00167.87N/AN/A00180
2025-09-17$36.19$0.0029.0%8.3%11.7%0.0%0.0%1.4%-8.3%1.7K-15.1K-1030.00166.47N/AN/A00180
2025-09-18$36.48$0.0029.0%8.3%11.7%0.0%0.0%1.6%-4.8%1.8K-16.5K-1020.00167.55N/AN/A180180
2025-09-19$36.25$0.0028.7%8.2%11.8%0.0%0.0%0.8%-6.2%1.8K-15.3K-1020.00166.33N/AN/A00180
2025-09-22$36.41$0.0030.3%8.7%9.1%0.0%0.0%2.0%-6.7%1.8K-15.8K-1000.00165.98N/AN/A00180
2025-09-23$36.19$0.0031.1%8.9%9.3%0.0%0.0%1.5%-8.2%1.7K-15.2K-990.00166.02N/AN/A00180
2025-09-24$35.94$0.0031.2%9.0%9.6%0.0%0.0%0.6%-7.9%1.6K-13.9K-900.00166.10N/AN/A00180
2025-09-25$35.68$0.0032.0%9.2%9.7%0.0%0.0%1.3%-8.8%1.5K-12.7K-900.00167.04N/AN/A00180
2025-09-26$36.08$0.0031.9%9.1%10.6%0.0%0.0%1.7%-8.8%1.7K-14.0K-900.00166.51N/AN/A00180
2025-09-29$36.24$0.0034.3%9.8%10.4%0.0%0.0%1.1%-10.0%1.8K-14.7K-960.00167.53N/AN/A00180
2025-09-30$36.08$0.0034.6%9.9%10.4%0.0%0.0%1.1%-11.1%1.7K-13.9K-870.00165.55N/AN/A00180