FN Options History — December 2024

In December 2024, FN traded between $215.60 and $248.86. ATM implied volatility averaged 46.0%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded below realized volatility by 9.2% (HV 20d: 55.2%). Max pain ranged from $220.00 to $230.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 3.05.

Notable Days

  • 2024-12-20: Highest Volume — 3,353 contracts
  • 2024-12-11: Largest IV drop — 12.0% change
  • 2024-12-10: Highest IV Rank — 29.1%
  • 2024-12-19: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$231.21$215.60$248.86$233.45$219.34
Max Pain$229.52$220.00$230.00$230.00$220.00
ATM IV46.0%41.3%51.0%47.3%44.8%
Expected Move12.9%11.9%14.1%13.6%12.8%
HV 20d55.2%36.9%70.5%70.5%37.6%
HV 60d53.8%53.0%54.7%53.6%53.0%
IV Rank22.1%15.7%29.1%24.7%20.0%
IV Percentile60.9%40.1%74.6%69.0%56.3%
Term Structure7.2%-2.5%14.8%-2.4%12.6%
VWIV44.1%25.1%49.5%49.5%25.1%
Skew 25d2.9%0.3%5.4%5.4%3.3%
Skew 10d5.7%-0.6%14.7%8.5%10.3%
Call IV 25d44.4%39.8%47.6%43.9%44.6%
Put IV 25d47.3%43.7%50.8%49.3%47.9%
Bid-Ask Spread %80.2075.1886.1185.3085.16
Gamma HHI0.260.130.560.140.54
Net GEX-390.5K-1.9M322.5K76.1K-1.8M
Net DEX3.7M-9.7M25.1M-2.4M20.2M
Net VEX-65.3K-117.0K-36.6K-54.5K-103.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.050.0033.932.000.00
Total Volume235.333113,3533330
Total OI3,091.0482,3134,7922,3134,786

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-12-02$233.45$230.0047.3%13.6%70.5%24.7%49.5%5.4%-2.4%76.1K-2.4M-54.5K2.0085.3011221,327986
2024-12-03$234.15$230.0047.9%13.7%70.5%25.4%48.7%3.4%-2.5%78.0K-2.7M-54.1K3.4483.799311,335999
2024-12-04$241.06$230.0045.7%13.1%69.3%22.7%45.7%1.7%-2.2%134.7K-5.2M-55.7K0.2281.6099221,3341,016
2024-12-05$234.07$230.0050.4%13.0%65.9%28.4%44.2%4.1%4.7%68.7K-2.2M-52.2K17.7575.75122131,3241,020
2024-12-06$242.47$230.0046.5%12.8%63.1%23.6%44.7%2.6%6.1%173.9K-5.9M-52.5K0.3475.1829101,328988
2024-12-09$239.17$230.0050.7%13.0%61.8%28.7%46.2%1.8%4.8%150.4K-4.6M-50.3K0.1377.46191241,347994
2024-12-10$232.63$230.0051.0%13.2%62.3%29.1%39.0%2.2%5.1%116.1K-2.1M-47.3K0.3879.8345171,376989
2024-12-11$240.81$230.0044.9%12.9%63.4%21.7%44.9%2.0%6.8%205.9K-5.3M-48.4K0.3875.2132121,3991,004
2024-12-12$245.66$230.0044.4%12.7%63.5%21.0%44.5%1.4%6.0%291.4K-8.5M-49.2K1.0078.6945451,4211,015
2024-12-13$248.86$230.0043.9%12.6%63.6%18.9%43.6%1.9%6.8%322.5K-9.7M-46.9K0.2376.22105241,4351,011
2024-12-16$237.13$230.0045.2%13.0%60.2%20.5%47.0%1.7%6.8%187.9K-4.5M-43.0K0.0677.6114191,5051,016
2024-12-17$230.16$230.0045.7%13.1%61.1%21.1%46.3%2.3%6.0%47.7K-1.0M-41.8K0.4076.7042171,4921,016
2024-12-18$227.73$230.0046.2%13.2%56.4%21.7%47.4%3.6%6.7%28.6K-310.7K-42.5K0.1783.593661,5061,016
2024-12-19$224.34$230.0049.2%14.1%44.3%25.5%48.3%3.1%8.1%-48.9K2.4M-39.1K0.9278.1636331,5081,014
2024-12-20$222.88$230.0046.2%13.2%42.8%21.7%45.6%0.3%10.3%-7.3K4.3M-36.6K33.9379.87963,2571,5201,011
2024-12-23$220.91$230.0044.6%12.8%42.4%19.7%45.5%3.2%12.0%-1.5M20.7M-117.0K0.2979.583191,0273,735
2024-12-24$220.81$230.0042.1%12.1%42.2%16.6%43.2%3.9%14.6%-1.6M19.9M-113.3K0.8386.11651,0313,735
2024-12-26$224.80$230.0041.3%11.9%41.4%15.7%38.2%3.7%14.8%-1.5M17.0M-106.9K0.5683.5264361,0323,739
2024-12-27$219.28$230.0043.6%12.5%39.8%18.4%42.1%5.4%13.6%-1.6M22.1M-111.1K0.7583.3620151,0203,763
2024-12-30$215.60$230.0044.1%12.6%36.9%19.1%45.4%3.7%13.3%-1.9M25.1M-106.0K0.1781.484781,0133,779
2024-12-31$219.34$220.0044.8%12.8%37.6%20.0%25.1%3.3%12.6%-1.8M20.2M-103.7K0.0085.163001,0383,748