FN Options History — March 2026

In March 2026, FN traded between $492.38 and $613.79. ATM implied volatility averaged 74.8%, placing in the 48.6% IV rank vs the trailing year. The 30-day expected move averaged 21.4%. IV traded below realized volatility by 12.5% (HV 20d: 87.3%). Max pain ranged from $440.00 to $550.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 1.05.

Notable Days

  • 2026-03-24: Highest Volume — 1,672 contracts
  • 2026-03-30: Largest IV spike — 10.3% change
  • 2026-03-30: Highest IV Rank — 64.2%
  • 2026-03-13: Largest Expected Move — 24.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$534.76$492.38$613.79$577.21$517.22
Max Pain$475.45$440.00$550.00$550.00$500.00
ATM IV74.8%69.9%85.3%70.7%79.3%
Expected Move21.4%20.1%24.6%20.3%22.7%
HV 20d87.3%77.4%100.1%98.5%100.1%
HV 60d78.1%73.4%86.5%74.9%86.5%
IV Rank48.6%41.2%64.2%42.3%55.3%
IV Percentile82.0%74.2%95.2%80.2%88.5%
Term Structure7.8%-5.6%12.0%-5.5%9.1%
VWIV73.7%70.2%81.7%71.7%76.4%
Skew 25d8.6%5.9%12.3%10.2%10.4%
Skew 10d16.6%9.8%21.6%16.5%18.9%
Call IV 25d69.0%64.6%77.9%64.6%73.1%
Put IV 25d77.5%73.6%88.7%74.9%83.5%
Bid-Ask Spread %34.9418.4553.5152.4625.33
Gamma HHI0.050.030.220.050.07
Net GEX634.4K-690.9K1.1M1.1M813.8K
Net DEX-62.1M-126.8M-16.6M-100.6M-48.1M
Net VEX-564.2K-676.9K-506.1K-506.8K-649.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.376.900.480.38
Total Volume712.53001,672969580
Total OI8,640.7737,16910,2347,1729,438

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$577.21$550.0070.7%20.3%98.5%42.3%71.7%10.2%-5.5%1.1M-100.6M-506.8K0.4852.466563133,9863,186
2026-03-03$557.12$550.0075.8%21.7%99.0%50.0%79.1%12.3%-3.5%1.0M-88.0M-562.1K1.1549.222372724,3733,386
2026-03-04$567.68$540.0075.0%21.5%84.1%48.8%77.4%10.2%-5.6%1.1M-99.3M-567.0K0.4152.832691114,4563,560
2026-03-05$541.88$440.0078.5%20.6%84.1%54.1%73.8%9.0%7.8%804.1K-71.9M-551.1K0.7746.872491924,4213,609
2026-03-06$492.50$440.0079.1%21.1%91.0%55.0%71.2%7.5%8.0%316.2K-23.6M-511.2K0.5750.593441954,4143,666
2026-03-09$528.92$440.0079.3%20.7%82.1%55.2%73.0%9.0%9.4%663.9K-60.4M-537.1K0.6449.992241444,5723,742
2026-03-10$543.20$440.0078.3%20.3%82.5%53.7%71.7%6.4%9.1%922.7K-79.0M-538.4K0.5253.513912024,6073,787
2026-03-11$524.61$440.0072.6%20.8%79.2%45.2%71.4%6.4%8.8%683.0K-57.6M-531.9K1.3252.381802374,7113,926
2026-03-12$509.90$450.0074.2%23.8%79.9%47.7%71.5%6.6%8.9%465.3K-41.7M-525.9K1.1132.163443834,7854,062
2026-03-13$502.62$450.0074.2%24.6%80.2%47.7%74.1%7.0%9.8%383.2K-33.6M-525.9K0.5529.611931074,8464,197
2026-03-16$511.75$450.0072.8%20.8%77.4%45.5%74.4%7.0%10.1%516.7K-43.2M-506.1K6.9029.161359314,8594,203
2026-03-17$499.22$460.0069.9%20.1%77.9%41.2%70.2%8.3%10.9%-75.3K-16.6M-518.1K0.5818.454392554,9114,685
2026-03-18$497.91$460.0072.4%20.8%77.7%44.9%72.4%8.2%9.9%-54.6K-23.1M-520.8K1.2922.691622094,9864,766
2026-03-19$536.10$460.0070.9%20.4%82.1%42.7%70.8%9.3%10.8%962.1K-67.3M-537.5K0.9126.055104665,0104,763
2026-03-20$498.77$460.0073.3%21.0%82.6%46.3%73.5%6.4%11.0%-690.9K-25.2M-555.1K1.3829.142333225,2414,993
2026-03-23$549.42$460.0071.5%20.4%87.6%43.6%73.2%11.6%10.2%882.9K-76.9M-579.4K1.1125.874064493,8393,330
2026-03-24$604.54$480.0071.9%20.4%93.9%44.2%72.5%9.4%11.5%1.1M-119.9M-606.1K0.5626.411,0726003,9753,604
2026-03-25$613.79$490.0070.2%20.1%92.4%41.7%70.6%8.5%12.0%1.1M-126.8M-644.8K0.6922.085904064,2773,969
2026-03-26$550.26$500.0074.0%21.2%95.6%47.3%72.2%5.9%10.8%501.4K-67.3M-648.9K0.3727.501,0123704,4314,155
2026-03-27$547.83$500.0077.3%22.2%94.2%52.3%79.3%8.0%10.7%991.7K-75.5M-676.9K0.9024.632602354,9184,258
2026-03-30$492.38$500.0085.3%24.5%98.6%64.2%81.7%10.8%7.0%377.0K-20.2M-612.3K0.5121.755242664,9624,232
2026-03-31$517.22$500.0079.3%22.7%100.1%55.3%76.4%10.4%9.1%813.8K-48.1M-649.3K0.3825.334201605,1924,246