FN Options History — July 2025

In July 2025, FN traded between $285.38 and $326.34. ATM implied volatility averaged 46.7%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 11.1% (HV 20d: 35.6%). Max pain ranged from $210.00 to $300.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 7.16.

Notable Days

  • 2025-07-15: Highest Volume — 671 contracts
  • 2025-07-07: Largest IV spike — 11.1% change
  • 2025-07-31: Highest IV Rank — 17.4%
  • 2025-07-31: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$301.67$285.38$326.34$287.95$326.34
Max Pain$290.45$210.00$300.00$210.00$300.00
ATM IV46.7%43.9%49.8%45.0%49.8%
Expected Move13.4%12.9%14.3%12.9%14.3%
HV 20d35.6%25.8%45.8%43.7%26.0%
HV 60d45.8%39.1%61.6%61.6%39.1%
IV Rank13.0%9.1%17.4%10.8%17.4%
IV Percentile39.4%21.4%56.7%29.8%56.7%
Term Structure7.2%0.8%10.3%0.8%9.8%
VWIV47.2%45.3%50.5%46.4%50.5%
Skew 25d2.0%-1.4%4.1%1.2%1.1%
Skew 10d6.9%-1.1%18.1%10.7%5.5%
Call IV 25d46.1%42.9%48.7%45.2%48.7%
Put IV 25d48.2%44.4%49.9%46.5%49.8%
Bid-Ask Spread %72.2762.8388.8383.5871.42
Gamma HHI0.220.150.560.160.22
Net GEX318.5K93.9K1.1M382.8K143.2K
Net DEX-22.2M-36.3M-12.6M-24.5M-18.1M
Net VEX-53.4K-63.3K-45.0K-48.7K-62.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.160.15101.0010.811.80
Total Volume142.3649671189143
Total OI6,710.1361,41910,6419,9081,844

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-07-01$287.95$210.0045.0%12.9%43.7%10.8%46.4%1.2%0.8%382.8K-24.5M-48.7K10.8183.58161731,4358,473
2025-07-02$286.77$220.0045.0%12.9%43.8%10.7%45.4%-1.4%0.9%246.8K-23.2M-50.4K1.7888.839161,4278,616
2025-07-03$293.87$300.0043.9%13.1%44.1%9.1%0.0%3.1%6.7%274.4K-25.2M-49.8K14.0069.472281,4228,627
2025-07-07$285.38$300.0048.7%13.6%45.8%15.9%47.0%3.9%6.0%213.5K-22.4M-46.9K0.5867.421271,4228,641
2025-07-08$286.13$300.0046.6%13.3%45.1%13.0%46.1%3.5%7.0%199.0K-22.8M-45.6K0.2069.624491,4308,646
2025-07-09$286.81$300.0045.3%13.0%44.4%11.1%46.8%0.7%7.3%241.8K-23.6M-46.3K15.9776.69304791,4688,649
2025-07-10$290.76$300.0046.4%13.3%44.3%12.6%46.7%2.8%6.7%240.6K-25.7M-45.0K0.3268.3097311,4808,660
2025-07-11$291.53$300.0045.7%13.1%44.2%11.6%45.3%2.3%7.7%274.1K-25.7M-47.0K0.2277.1964141,5068,675
2025-07-14$296.89$300.0046.5%13.3%39.5%12.7%47.7%3.2%8.0%315.1K-29.0M-46.8K0.9365.941381291,5478,686
2025-07-15$301.50$290.0046.2%13.2%33.5%12.4%46.6%1.9%7.4%377.1K-30.6M-47.1K0.6162.834172541,6448,791
2025-07-16$298.70$290.0046.0%13.2%31.1%12.1%46.9%1.6%8.9%525.1K-29.5M-53.0K0.2763.952671,7248,777
2025-07-17$309.88$290.0045.0%12.9%32.8%10.6%45.4%1.3%8.7%829.5K-34.9M-50.1K0.1575.95233351,7138,783
2025-07-18$308.81$290.0048.0%13.8%32.0%14.9%47.3%4.1%5.8%1.1M-36.3M-57.1K0.2877.0360171,8438,798
2025-07-21$310.50$300.0045.3%13.0%31.4%11.2%45.8%2.8%8.9%334.7K-15.9M-56.3K1.3673.572230912507
2025-07-22$301.85$300.0047.5%13.6%33.2%14.2%48.5%1.6%6.6%295.4K-13.4M-57.8K1.5571.923859910539
2025-07-23$303.85$300.0048.2%13.8%32.7%15.2%47.4%1.8%6.4%273.5K-13.6M-58.9K2.0070.3936917584
2025-07-24$304.44$300.0047.9%13.7%29.6%14.7%48.2%1.7%7.1%276.8K-13.7M-58.6K101.0072.362202919585
2025-07-25$308.54$300.0046.0%13.2%26.5%12.0%46.8%1.2%9.4%93.9K-12.6M-62.8K0.2868.617822919778
2025-07-28$314.69$300.0047.6%13.7%26.8%14.4%47.5%1.9%8.0%127.2K-15.2M-62.1K1.0973.112325947781
2025-07-29$321.24$300.0047.8%13.7%27.1%14.6%48.2%1.3%10.3%152.4K-17.3M-59.9K1.1369.945461960800
2025-07-30$320.22$300.0048.4%13.9%25.8%15.4%49.7%3.1%10.0%124.3K-16.1M-63.3K1.1371.7089978860
2025-07-31$326.34$300.0049.8%14.3%26.0%17.4%50.5%1.1%9.8%143.2K-18.1M-62.1K1.8071.425192981863