FN Options History — May 2025

In May 2025, FN traded between $200.76 and $236.36. ATM implied volatility averaged 55.2%, placing in the 28.4% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded below realized volatility by 8.5% (HV 20d: 63.6%). Max pain ranged from $175.00 to $210.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.76.

Notable Days

  • 2025-05-08: Highest Volume — 6,510 contracts
  • 2025-05-06: Largest IV drop — 35.6% change
  • 2025-05-01: Highest IV Rank — 72.9%
  • 2025-05-01: Largest Expected Move — 25.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$222.32$200.76$236.36$212.94$232.62
Max Pain$197.62$175.00$210.00$175.00$200.00
ATM IV55.2%46.2%88.8%88.8%46.6%
Expected Move15.1%13.1%25.5%25.5%13.4%
HV 20d63.6%46.5%104.8%104.8%46.5%
HV 60d81.5%77.3%84.5%82.2%77.3%
IV Rank28.4%14.8%72.9%72.9%14.8%
IV Percentile60.5%43.3%96.8%96.8%43.3%
Term Structure-2.4%-23.3%2.0%-23.3%0.2%
VWIV52.8%44.2%89.0%89.0%47.3%
Skew 25d5.7%1.0%12.3%8.1%4.9%
Skew 10d11.7%7.0%27.9%16.2%9.7%
Call IV 25d49.6%38.8%81.7%81.7%43.9%
Put IV 25d55.3%47.6%89.8%89.8%48.8%
Bid-Ask Spread %68.7045.6980.1665.8180.16
Gamma HHI0.230.130.440.140.16
Net GEX292.4K-818.5K1.4M-404.5K230.8K
Net DEX-18.2M-42.2M5.8M-4.9M-20.1M
Net VEX-105.6K-177.5K-78.0K-116.7K-83.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.082.732.730.75
Total Volume527.38196,51011214
Total OI12,617.28610,04017,19710,79710,192

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$212.94$175.0088.8%25.5%104.8%72.9%89.0%8.1%-23.3%-404.5K-4.9M-116.7K2.7365.8130821,6729,125
2025-05-02$217.33$190.0082.1%23.5%87.5%64.1%88.2%6.9%-21.1%-262.3K-8.2M-107.8K0.9459.9131291,6799,210
2025-05-05$222.52$175.0088.7%17.3%87.3%72.9%61.5%6.9%-2.8%-85.3K-12.2M-90.8K0.1845.691,8483341,6879,213
2025-05-06$206.04$200.0057.1%15.2%92.6%31.0%51.9%5.8%-2.4%762.5K-13.2M-100.3K0.8161.952211783,3099,496
2025-05-07$207.50$200.0055.4%15.3%91.5%28.7%52.1%7.3%-2.0%947.9K-14.4M-98.8K0.4366.8487373,3939,477
2025-05-08$205.39$210.0053.2%14.4%70.3%25.8%48.1%6.3%-0.5%875.2K-12.2M-93.7K2.0672.982,1244,3863,4349,495
2025-05-09$200.76$200.0055.6%14.5%56.8%29.0%50.2%4.4%0.4%-818.5K5.8M-177.5K0.1460.5181113,24213,863
2025-05-12$214.68$200.0050.6%14.3%59.5%22.5%47.8%6.4%-3.2%299.4K-15.3M-139.9K0.1471.86169243,30013,865
2025-05-13$226.69$200.0055.5%13.1%61.8%28.9%46.0%4.5%1.3%963.6K-33.7M-125.8K0.1266.93128153,30913,858
2025-05-14$225.96$200.0046.3%13.3%61.0%16.8%49.4%5.0%0.7%1.1M-34.8M-118.3K1.7162.852594443,31113,886
2025-05-15$222.64$200.0048.1%13.8%60.3%19.1%45.7%1.0%0.4%1.4M-30.7M-128.8K0.8068.681083,37713,675
2025-05-16$227.45$200.0046.2%13.2%60.3%16.6%44.2%6.8%0.0%40.5K-42.2M-96.8K0.5168.62106543,37913,674
2025-05-19$227.78$200.0046.7%13.4%53.8%17.2%45.5%6.1%-0.2%61.3K-16.2M-98.0K0.3071.291031,6928,348
2025-05-20$227.88$200.0046.6%13.4%53.6%17.1%47.9%4.7%0.3%19.6K-15.1M-104.0K0.4169.3939161,7028,348
2025-05-21$228.34$200.0047.9%13.7%51.9%18.8%48.5%5.1%-0.9%89.0K-16.5M-94.8K0.4171.3459241,7058,357
2025-05-22$230.00$200.0048.3%13.8%47.3%19.3%52.6%3.4%0.2%37.8K-16.4M-105.1K0.5071.24631,7588,350
2025-05-23$230.00$200.0048.5%13.9%47.4%19.6%49.3%6.1%2.0%81.3K-16.9M-102.6K0.5973.2456331,7568,353
2025-05-27$233.78$200.0049.7%14.3%47.5%21.3%49.2%6.2%-0.0%255.0K-21.4M-78.1K1.2774.7811141,7698,383
2025-05-28$232.01$200.0048.7%14.0%47.4%19.9%48.1%12.3%0.7%261.8K-20.6M-78.1K1.0079.37661,7728,388
2025-05-29$236.36$200.0048.1%13.8%47.2%19.2%46.2%2.2%-1.0%254.8K-22.5M-78.0K0.0879.197361,7728,389
2025-05-30$232.62$200.0046.6%13.4%46.5%14.8%47.3%4.9%0.2%230.8K-20.1M-83.7K0.7580.16861,8018,391