FN Options History — January 2025

In January 2025, FN traded between $197.34 and $267.76. ATM implied volatility averaged 61.6%, placing in the 38.3% IV rank vs the trailing year. The 30-day expected move averaged 18.5%. IV traded above realized volatility by 7.8% (HV 20d: 53.8%). Max pain ranged from $220.00 to $260.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 4.90.

Notable Days

  • 2025-01-29: Highest Volume — 1,401 contracts
  • 2025-01-27: Largest IV spike — 27.8% change
  • 2025-01-27: Highest IV Rank — 67.3%
  • 2025-01-27: Largest Expected Move — 24.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$230.73$197.34$267.76$220.41$216.99
Max Pain$227.50$220.00$260.00$220.00$220.00
ATM IV61.6%42.2%84.5%46.1%79.9%
Expected Move18.5%12.1%24.2%13.2%22.9%
HV 20d53.8%31.9%107.1%37.7%107.1%
HV 60d57.7%48.7%75.8%53.0%75.8%
IV Rank38.3%16.2%67.3%21.1%61.2%
IV Percentile79.2%40.9%97.6%61.1%95.6%
Term Structure-6.6%-15.3%14.3%12.3%-15.3%
VWIV65.2%43.0%89.2%44.0%80.1%
Skew 25d4.2%0.9%18.9%4.4%3.8%
Skew 10d9.1%1.5%21.3%6.7%9.8%
Call IV 25d63.4%41.7%79.6%44.7%79.0%
Put IV 25d67.6%43.8%94.9%49.1%82.8%
Bid-Ask Spread %56.8136.8788.6487.5436.87
Gamma HHI0.390.180.550.540.33
Net GEX-621.6K-1.8M170.1K-1.8M145.7K
Net DEX5.1M-8.2M19.3M19.3M-2.7M
Net VEX-71.6K-99.4K-53.2K-99.4K-97.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.900.0075.000.000.24
Total Volume296.15111,40111536
Total OI4,160.052,5605,4034,7885,403

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$220.41$220.0046.1%13.2%37.7%21.1%44.0%4.4%12.3%-1.8M19.3M-99.4K0.0087.541101,0403,748
2025-01-03$228.61$220.0042.2%12.1%38.6%16.2%43.0%2.2%14.3%-1.4M12.7M-93.7K1.2288.649111,0493,748
2025-01-06$232.46$220.0044.2%16.7%37.8%18.7%63.3%2.1%-6.0%-1.2M7.9M-82.0K0.3256.39123391,0533,747
2025-01-07$228.50$220.0047.7%17.0%35.8%23.1%61.2%1.8%-6.6%-1.5M10.3M-81.2K0.2849.9340119643,762
2025-01-08$232.32$220.0044.4%17.3%36.2%18.7%60.5%4.9%-6.5%-1.2M7.9M-76.5K75.0054.1696751,0013,762
2025-01-10$228.02$220.0047.6%17.2%35.5%21.5%66.1%2.2%-6.2%-1.1M8.6M-71.1K5.2054.545261,0043,137
2025-01-13$221.47$230.0059.3%18.0%34.2%34.0%64.5%3.8%-7.8%-1.6M13.0M-68.9K9.2554.92121111,0033,163
2025-01-14$225.60$220.0057.0%17.7%34.1%30.9%62.3%2.4%-8.2%-1.3M8.3M-62.3K0.3154.751341,0093,267
2025-01-15$233.43$220.0060.4%17.3%36.3%35.3%59.6%3.6%-7.8%-354.9K2.9M-56.6K0.7054.18137961,0123,256
2025-01-16$235.58$220.0059.5%17.1%32.3%34.2%58.8%2.6%-5.1%-155.8K1.8M-54.8K0.0557.53325171,1393,333
2025-01-17$242.57$230.0059.6%17.1%31.9%34.3%59.0%3.1%-5.1%160.8K-2.4M-57.4K0.5161.05140721,2593,326
2025-01-21$251.82$230.0062.7%18.0%33.8%38.5%56.4%7.2%-8.9%-111.8K-2.0M-54.9K0.1363.6880108311,729
2025-01-22$267.76$230.0064.7%18.5%38.4%41.0%65.0%1.0%-8.4%13.5K-5.9M-55.8K0.1156.46445488941,730
2025-01-23$265.94$250.0065.4%18.7%38.4%42.0%64.1%2.8%-9.2%170.1K-8.2M-61.4K0.4046.82191761,2771,741
2025-01-24$257.94$260.0066.1%19.0%40.4%43.0%61.8%0.9%-10.6%89.0K-5.7M-63.7K1.2452.9417211,4051,814
2025-01-27$197.34$260.0084.5%24.2%105.9%67.3%89.2%18.9%-12.1%-437.2K14.4M-53.2K1.8554.493296091,4171,830
2025-01-28$205.34$220.0079.8%22.9%106.9%61.0%84.7%7.7%-11.2%-458.8K11.5M-71.6K0.9748.3486831,6652,272
2025-01-29$208.49$220.0080.9%23.2%106.8%62.6%79.8%4.8%-13.7%-442.5K10.0M-73.0K0.0345.821,363381,6952,346
2025-01-30$214.11$220.0079.3%22.7%107.1%60.4%79.7%3.2%-10.8%93.8K-669.9K-97.9K0.2857.1782232,9972,373
2025-01-31$216.99$220.0079.9%22.9%107.1%61.2%80.1%3.8%-15.3%145.7K-2.7M-97.2K0.2436.874321043,0242,379