FN Options History — August 2025

In August 2025, FN traded between $277.68 and $355.31. ATM implied volatility averaged 50.7%, placing in the 18.6% IV rank vs the trailing year. The 30-day expected move averaged 15.5%. IV traded below realized volatility by 1.0% (HV 20d: 51.6%). Max pain ranged from $290.00 to $320.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.88.

Notable Days

  • 2025-08-19: Highest Volume — 3,508 contracts
  • 2025-08-19: Largest IV drop — 33.4% change
  • 2025-08-18: Highest IV Rank — 44.8%
  • 2025-08-18: Largest Expected Move — 19.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$322.88$277.68$355.31$313.97$330.54
Max Pain$298.10$290.00$320.00$310.00$320.00
ATM IV50.7%42.5%69.6%54.5%46.5%
Expected Move15.5%12.2%19.9%15.6%13.3%
HV 20d51.6%29.6%80.5%29.6%80.5%
HV 60d42.4%33.7%55.0%36.3%55.0%
IV Rank18.6%7.2%44.8%23.9%12.7%
IV Percentile44.1%9.9%83.3%65.5%36.5%
Term Structure-3.2%-13.1%5.4%5.4%1.4%
VWIV54.8%43.5%69.6%53.9%49.3%
Skew 25d2.9%-0.3%6.2%2.3%2.9%
Skew 10d7.7%-0.6%17.8%2.0%8.5%
Call IV 25d53.0%41.6%66.8%53.1%45.7%
Put IV 25d55.9%44.4%69.7%55.4%48.5%
Bid-Ask Spread %46.4721.3977.1877.1849.64
Gamma HHI0.150.100.230.150.22
Net GEX318.9K-865.4K1.4M63.1K-54.2K
Net DEX-26.6M-92.4M15.0M-13.9M-42.2M
Net VEX-115.0K-230.6K-58.0K-71.5K-230.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.880.132.480.770.53
Total Volume811.476243,508392,156
Total OI4,383.6192,0428,9202,0898,920

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$313.97$310.0054.5%15.6%29.6%23.9%53.9%2.3%5.4%63.1K-13.9M-71.5K0.7777.1822171,161928
2025-08-04$329.88$300.0049.0%16.8%31.2%16.3%59.0%2.9%-5.5%135.8K-20.1M-65.8K0.4247.8553221,171932
2025-08-05$327.34$300.0048.4%16.9%31.6%15.4%60.3%2.2%-4.6%126.3K-19.6M-66.4K0.3345.561861,187950
2025-08-06$331.80$300.0047.8%17.0%31.7%14.6%62.6%6.2%-5.6%157.4K-21.4M-64.4K2.1152.4818381,206953
2025-08-07$332.97$300.0047.5%17.4%31.6%14.1%65.5%5.2%-6.1%156.2K-21.8M-63.1K1.3454.9835471,205960
2025-08-08$345.00$300.0044.2%17.0%33.2%9.6%59.9%3.9%-6.3%269.2K-26.9M-59.1K0.9748.1538371,223997
2025-08-11$332.59$300.0053.5%17.3%36.6%22.5%60.9%-0.3%-6.2%196.2K-23.2M-58.9K0.4350.3754231,2351,008
2025-08-12$347.85$300.0056.4%17.3%39.0%26.5%62.6%4.3%-7.4%302.4K-28.2M-58.0K0.3550.9246161,2561,016
2025-08-13$339.05$300.0063.0%18.1%40.3%35.7%64.3%4.5%-8.1%251.7K-25.5M-58.4K2.4853.60421041,2551,025
2025-08-14$319.53$300.0064.1%18.4%44.9%37.2%63.3%4.4%-8.7%294.5K-17.9M-60.8K0.7956.77105831,2711,085
2025-08-15$331.11$300.0064.0%18.3%46.4%37.1%62.5%4.0%-9.0%295.8K-24.0M-65.4K0.3247.394221331,3451,137
2025-08-18$324.96$300.0069.6%19.9%47.1%44.8%69.6%2.9%-13.1%243.6K-16.3M-71.0K1.7021.391,2832,1841,253789
2025-08-19$286.64$300.0046.3%13.3%64.8%12.5%46.7%1.5%-1.0%-865.4K15.0M-144.7K0.5436.652,2741,2342,2493,274
2025-08-20$282.50$290.0045.3%13.0%64.8%11.1%45.5%1.9%0.9%-167.9K4.3M-177.9K1.7335.565499493,3773,329
2025-08-21$277.68$290.0043.5%12.5%64.9%8.6%44.5%1.7%3.3%20.1K4.7M-178.9K0.1338.49405533,6893,119
2025-08-22$295.13$290.0042.5%12.2%68.8%7.2%43.7%4.8%-0.5%776.6K-20.2M-199.0K0.3638.924121494,1213,122
2025-08-25$313.19$290.0043.9%12.6%71.8%9.1%43.5%2.3%0.6%1.1M-44.3M-184.1K0.5732.124482544,1113,075
2025-08-26$330.50$290.0044.6%12.8%74.0%10.1%44.4%1.9%0.3%1.1M-61.3M-169.3K0.9645.097006754,0263,097
2025-08-27$332.99$290.0044.3%12.7%74.0%9.7%45.0%-0.3%2.4%954.0K-63.8M-189.6K0.1550.48481704,3653,593
2025-08-28$355.31$290.0045.1%12.9%77.2%10.8%44.7%0.9%1.2%1.4M-92.4M-178.6K1.4842.395588284,4603,581
2025-08-29$330.54$320.0046.5%13.3%80.5%12.7%49.3%2.9%1.4%-54.2K-42.2M-230.6K0.5349.641,4077494,3694,551