FN Options History — October 2025

In October 2025, FN traded between $365.85 and $446.28. ATM implied volatility averaged 68.5%, placing in the 42.6% IV rank vs the trailing year. The 30-day expected move averaged 20.7%. IV traded above realized volatility by 30.5% (HV 20d: 38.0%). Max pain ranged from $320.00 to $400.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 0.68.

Notable Days

  • 2025-10-16: Highest Volume — 1,141 contracts
  • 2025-10-13: Largest IV spike — 18.6% change
  • 2025-10-31: Highest IV Rank — 67.6%
  • 2025-10-31: Largest Expected Move — 24.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$400.29$365.85$446.28$373.56$443.90
Max Pain$373.48$320.00$400.00$320.00$400.00
ATM IV68.5%49.0%86.3%50.8%86.3%
Expected Move20.7%14.0%24.7%14.6%24.7%
HV 20d38.0%31.4%42.6%40.0%42.1%
HV 60d54.8%53.3%56.6%53.3%55.9%
IV Rank42.6%15.1%67.6%17.7%67.6%
IV Percentile78.6%46.0%95.2%57.9%95.2%
Term Structure-7.5%-17.9%16.6%15.0%-17.9%
VWIV73.1%50.2%87.9%53.0%87.8%
Skew 25d2.2%-0.8%5.4%0.1%2.4%
Skew 10d7.9%-0.9%14.4%-0.7%11.5%
Call IV 25d72.1%50.4%86.1%52.2%86.1%
Put IV 25d74.3%51.1%88.5%52.3%88.5%
Bid-Ask Spread %37.9211.5980.1079.9136.45
Gamma HHI0.170.130.280.180.15
Net GEX1.0M-258.6K1.6M1.4M841.5K
Net DEX-51.0M-71.0M-36.6M-48.8M-61.4M
Net VEX-139.9K-162.5K-102.6K-147.6K-160.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.034.500.320.57
Total Volume200.478241,14129245
Total OI3,772.0432,7654,3274,0593,770

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-10-01$373.56$320.0050.8%14.6%40.0%17.7%53.0%0.1%15.0%1.4M-48.8M-147.6K0.3279.912272,4961,563
2025-10-02$369.53$320.0050.6%14.5%32.7%17.4%51.6%-0.1%14.4%1.5M-46.3M-144.6K0.0480.102312,5121,561
2025-10-03$366.46$320.0049.0%14.0%31.4%15.1%50.2%1.5%16.6%1.4M-43.5M-144.8K0.3979.6438152,5281,561
2025-10-06$369.89$360.0053.0%19.4%31.6%20.8%68.4%-0.8%-6.6%1.6M-48.4M-136.5K0.5931.9697572,5271,569
2025-10-07$372.13$360.0053.9%19.1%31.6%22.0%69.0%2.8%-5.6%1.6M-48.6M-136.4K0.0331.45343112,5561,598
2025-10-08$382.18$340.0053.7%19.5%32.8%21.8%68.6%3.5%-6.6%1.5M-50.7M-130.6K0.7931.0324192,3891,605
2025-10-09$382.90$360.0053.5%19.9%32.2%21.4%70.3%3.6%-7.6%1.5M-52.5M-126.3K0.0733.15171122,3921,603
2025-10-10$365.85$370.0057.0%20.3%35.7%26.4%71.2%-0.2%-5.9%1.2M-36.6M-130.1K0.4133.8770292,3041,611
2025-10-13$379.67$370.0067.6%20.7%37.9%41.4%72.4%1.3%-8.2%1.4M-46.5M-118.7K0.8830.3374652,2811,616
2025-10-14$375.78$370.0064.9%20.9%37.9%37.5%73.7%2.0%-8.7%1.5M-43.4M-115.1K4.5032.508362,2711,654
2025-10-15$395.72$380.0073.2%21.0%41.6%49.2%73.3%4.4%-8.6%1.4M-57.6M-110.6K0.5530.79104572,2751,671
2025-10-16$413.00$380.0076.3%21.9%40.3%53.6%76.4%0.0%-9.6%870.8K-70.4M-102.6K0.2831.288922492,3061,696
2025-10-17$411.48$380.0074.6%21.4%40.3%51.1%75.9%5.4%-8.6%-258.6K-71.0M-120.3K0.3729.653481302,5441,783
2025-10-20$410.50$390.0074.9%21.5%40.1%51.6%74.9%2.4%-10.5%465.9K-39.8M-136.6K0.4423.9284371,6911,074
2025-10-21$412.49$390.0074.9%21.5%39.2%51.6%74.5%3.8%-10.7%492.1K-41.2M-139.3K0.4227.333781581,7511,102
2025-10-22$399.91$390.0078.0%22.4%37.5%56.0%78.9%5.3%-12.8%676.1K-40.7M-158.5K1.1611.5980932,1141,252
2025-10-23$420.80$390.0077.4%22.2%40.8%55.1%77.5%2.0%-12.4%749.0K-49.7M-159.4K0.9234.4636332,1331,332
2025-10-24$417.03$400.0076.6%22.0%40.5%54.0%77.9%0.4%-12.9%738.1K-48.5M-158.9K0.8735.0062542,1351,364
2025-10-27$420.63$400.0080.5%23.1%40.5%59.6%81.1%1.2%-15.1%760.4K-50.2M-160.5K0.7137.2742302,1791,395
2025-10-28$438.79$400.0081.6%23.4%42.3%61.0%82.1%4.4%-16.4%809.1K-58.4M-157.6K0.5335.9668362,1961,415
2025-10-29$446.28$400.0083.7%24.0%42.0%63.9%84.8%2.7%-16.9%802.3K-61.0M-159.2K0.6636.6195632,2171,444
2025-10-30$438.20$400.0083.7%24.0%42.6%64.0%87.9%2.9%-16.8%808.1K-57.6M-162.5K0.1737.9398172,2501,471
2025-10-31$443.90$400.0086.3%24.7%42.1%67.6%87.8%2.4%-17.9%841.5K-61.4M-160.8K0.5736.45156892,2931,477