FN Options History — January 2026

In January 2026, FN traded between $439.29 and $502.80. ATM implied volatility averaged 69.1%, placing in the 40.0% IV rank vs the trailing year. The 30-day expected move averaged 21.2%. IV traded above realized volatility by 7.9% (HV 20d: 61.2%). Max pain ranged from $400.00 to $460.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.78.

Notable Days

  • 2026-01-13: Highest Volume — 937 contracts
  • 2026-01-14: Largest IV spike — 23.5% change
  • 2026-01-29: Highest IV Rank — 64.0%
  • 2026-01-29: Largest Expected Move — 24.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$476.83$439.29$502.80$478.64$485.50
Max Pain$452.50$400.00$460.00$400.00$460.00
ATM IV69.1%50.4%85.1%50.9%85.1%
Expected Move21.2%14.6%24.4%14.6%24.4%
HV 20d61.2%52.2%71.4%67.0%58.2%
HV 60d63.1%61.0%64.2%61.0%64.2%
IV Rank40.0%12.0%64.0%13.1%64.0%
IV Percentile76.6%38.9%95.2%45.6%94.8%
Term Structure-9.3%-14.5%14.6%14.6%-14.5%
VWIV74.4%48.8%84.5%48.8%83.9%
Skew 25d5.1%3.2%7.8%5.4%3.5%
Skew 10d12.7%2.7%27.2%27.2%2.7%
Call IV 25d71.8%48.2%84.0%48.2%83.6%
Put IV 25d76.9%53.6%87.1%53.6%87.1%
Bid-Ask Spread %32.1323.0783.6983.6935.90
Gamma HHI0.080.040.180.120.04
Net GEX736.7K120.0K2.4M978.5K482.0K
Net DEX-52.6M-95.7M-30.4M-64.8M-39.7M
Net VEX-188.6K-222.5K-153.1K-160.0K-222.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.112.110.300.49
Total Volume355.95101937169881
Total OI3,926.12,6815,2693,9393,638

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$478.64$400.0050.9%14.6%67.0%13.1%48.8%5.4%14.6%978.5K-64.8M-160.0K0.3083.69130392,6281,311
2026-01-05$456.63$450.0052.7%19.0%67.2%15.8%70.1%7.8%-7.4%669.5K-49.8M-153.1K1.0924.281581722,6381,332
2026-01-06$478.25$450.0054.6%19.3%68.8%18.6%68.5%7.2%-8.8%1.0M-65.8M-161.2K0.3624.033381232,7181,395
2026-01-07$467.05$450.0056.6%20.0%69.0%21.5%70.7%5.8%-10.5%859.2K-57.5M-164.0K0.4824.80127612,7521,445
2026-01-08$439.29$450.0055.7%19.8%71.4%20.0%70.4%6.2%-9.6%331.2K-37.8M-159.3K1.4831.222053032,8081,473
2026-01-09$446.66$450.0050.4%19.5%68.9%12.0%69.6%5.3%-9.4%120.0K-45.0M-173.3K1.2131.4380972,9241,676
2026-01-12$459.19$450.0056.3%19.9%69.7%20.8%68.6%4.8%-9.4%374.7K-55.2M-168.6K0.1127.23422472,9601,728
2026-01-13$488.06$450.0058.8%20.3%60.2%24.6%71.6%6.3%-10.9%1.3M-80.8M-182.4K0.7127.225483893,1051,742
2026-01-14$478.53$450.0072.6%20.8%60.7%45.3%73.2%3.5%-10.9%1.0M-75.1M-191.0K0.4923.072251103,2921,835
2026-01-15$502.80$450.0071.9%20.6%60.4%44.2%72.9%3.4%-7.7%2.4M-95.7M-192.9K0.2528.51321793,3351,872
2026-01-16$495.20$460.0071.6%20.5%57.1%43.7%72.5%4.3%-7.3%1.4M-86.5M-191.0K1.6525.811913153,3701,899
2026-01-20$483.45$460.0077.7%22.3%55.2%52.9%78.4%5.4%-9.1%443.5K-35.1M-195.4K0.5426.30135731,750931
2026-01-21$489.52$460.0077.5%22.2%52.2%52.5%78.1%5.3%-9.8%490.0K-38.8M-200.9K0.3827.84104401,823964
2026-01-22$468.61$460.0077.5%22.2%54.5%52.6%77.9%4.2%-10.6%434.7K-31.5M-197.2K0.4928.82137671,849981
2026-01-23$462.37$460.0078.0%22.4%54.4%53.3%81.5%4.9%-9.9%445.5K-30.4M-201.9K2.1134.45992091,9281,015
2026-01-26$466.39$460.0080.5%23.1%54.2%57.0%81.5%6.4%-12.7%371.4K-30.5M-204.7K1.1533.8374851,9411,207
2026-01-27$496.12$460.0083.5%23.9%58.7%61.6%82.1%6.9%-13.5%458.2K-42.4M-212.6K0.2230.89329711,9721,283
2026-01-28$497.43$460.0084.1%24.1%58.0%62.5%84.0%3.2%-13.8%544.8K-45.0M-219.9K0.8738.1054472,1781,304
2026-01-29$496.98$460.0085.1%24.4%57.7%64.0%84.5%3.2%-14.2%550.7K-45.0M-220.1K1.2735.221031312,2081,312
2026-01-30$485.50$460.0085.1%24.4%58.2%64.0%83.9%3.5%-14.5%482.0K-39.7M-222.5K0.4935.905922892,2521,386