FN Options History — April 2025

In April 2025, FN traded between $171.63 and $207.51. ATM implied volatility averaged 81.1%, placing in the 62.8% IV rank vs the trailing year. The 30-day expected move averaged 23.4%. IV traded below realized volatility by 17.4% (HV 20d: 98.5%). Max pain ranged from $155.00 to $220.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 6.92.

Notable Days

  • 2025-04-03: Highest Volume — 7,263 contracts
  • 2025-04-04: Largest IV spike — 35.4% change
  • 2025-04-08: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 27.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$188.86$171.63$207.51$195.30$205.19
Max Pain$185.48$155.00$220.00$220.00$175.00
ATM IV81.1%56.4%109.2%58.1%87.1%
Expected Move23.4%18.8%27.2%18.9%25.0%
HV 20d98.5%73.4%108.1%73.9%104.6%
HV 60d92.6%84.5%100.6%86.0%84.7%
IV Rank62.8%30.1%100.0%32.3%70.7%
IV Percentile92.2%69.4%100.0%71.0%96.8%
Term Structure-13.8%-22.3%7.9%7.9%-19.8%
VWIV80.7%65.7%95.7%73.9%87.7%
Skew 25d11.2%2.4%20.4%2.4%2.9%
Skew 10d24.8%-0.6%65.1%8.7%-0.6%
Call IV 25d74.8%57.1%86.7%57.1%86.7%
Put IV 25d86.0%59.5%103.3%59.5%89.5%
Bid-Ask Spread %52.6537.3567.4137.3567.41
Gamma HHI0.250.150.470.470.16
Net GEX-1.7M-3.2M-573.6K-1.8M-633.2K
Net DEX25.2M-424.3K60.8M21.3M593.0K
Net VEX-178.9K-252.6K-123.0K-123.0K-124.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.920.0274.6644.960.04
Total Volume718.28647,2632,39051
Total OI12,173.9528,54915,0918,54910,759

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$195.30$220.0058.1%18.9%73.9%32.3%73.9%2.4%7.9%-1.8M21.3M-123.0K44.9637.35522,3381,6376,912
2025-04-02$201.97$220.0056.4%18.8%73.4%30.1%65.7%4.5%-9.2%-1.6M14.9M-125.2K1.0543.6319201,6699,224
2025-04-03$173.50$220.0067.2%21.7%87.0%44.5%73.8%7.4%-12.9%-2.7M54.2M-168.2K74.6641.30967,1671,6719,236
2025-04-04$172.10$200.0091.0%26.1%84.6%76.0%93.9%20.4%-16.9%-2.3M60.8M-252.6K6.3653.61976171,72311,615
2025-04-07$176.95$200.0094.8%26.6%84.9%80.9%75.8%12.4%-18.0%-2.3M52.2M-241.4K0.6844.64120811,77411,655
2025-04-08$171.63$210.00109.2%27.2%81.8%100.0%95.7%19.4%-19.1%-2.2M58.1M-241.5K0.9649.032482381,84011,631
2025-04-09$202.77$200.0077.4%22.2%102.6%57.9%71.2%14.1%-15.8%-1.5M16.3M-188.2K0.1952.39194372,05111,646
2025-04-10$180.98$200.0091.6%26.3%103.7%76.7%79.8%17.7%-21.2%-2.2M43.4M-224.2K2.7356.321103002,14211,637
2025-04-11$188.88$200.0083.6%24.0%105.4%66.0%94.5%15.8%-14.2%-2.0M33.7M-216.8K6.3141.66422652,16311,842
2025-04-14$192.45$155.0078.5%22.5%105.5%59.4%76.1%14.8%-12.1%-2.0M18.2M-189.4K0.0256.1639292,29911,848
2025-04-15$188.26$155.0077.5%22.2%105.6%58.0%74.3%11.6%-13.2%-2.3M21.8M-191.7K0.2350.362662,68211,849
2025-04-16$183.62$155.0080.6%23.1%105.2%62.1%82.2%14.4%-12.9%-3.2M30.6M-193.9K3.3047.263421,1302,69811,852
2025-04-17$183.64$160.0076.9%22.1%105.2%57.2%79.4%10.6%-8.3%-1.9M21.1M-183.9K0.3150.26111342,56412,527
2025-04-21$172.35$175.0081.5%23.4%106.9%63.3%88.1%12.5%-10.0%-1.4M28.7M-187.3K1.8652.33771431,4078,940
2025-04-22$177.77$175.0081.6%23.4%105.3%63.5%79.9%10.6%-11.2%-1.4M25.1M-181.5K0.0755.358061,4789,075
2025-04-23$186.76$175.0082.3%23.6%106.4%64.4%78.4%7.5%-14.3%-1.1M15.1M-164.9K0.3060.13155471,5479,079
2025-04-24$199.69$175.0080.3%23.0%108.1%61.7%79.4%9.2%-15.5%-776.5K6.1M-150.7K0.0758.34319231,6729,102
2025-04-25$201.69$175.0074.6%21.4%108.1%54.2%73.3%9.6%-11.8%-710.2K3.9M-141.3K0.3366.08311,6149,108
2025-04-28$203.02$175.0086.0%24.7%105.1%69.3%84.8%9.6%-19.7%-701.6K3.5M-140.2K0.5662.2325141,6179,109
2025-04-29$207.51$175.0086.9%24.9%104.9%70.4%87.8%7.6%-22.3%-573.6K-424.3K-127.7K0.3259.8137121,6369,123
2025-04-30$205.19$175.0087.1%25.0%104.6%70.7%87.7%2.9%-19.8%-633.2K593.0K-124.0K0.0467.414921,6359,124