FPXE Options History — December 2025

In December 2025, FPXE traded between $30.56 and $31.70. ATM implied volatility averaged 42.3%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 27.3% (HV 20d: 15.0%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 0 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-12-05: Highest Volume — 102 contracts
2025-12-30: Largest IV spike — 116.7% change
2025-12-30: Highest IV Rank — 93.0%
2025-12-30: Largest Expected Move — 26.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.12	$30.56	$31.70	$30.56	$31.49
Max Pain	$28.00	$28.00	$28.00	$28.00	$28.00
ATM IV	42.3%	32.6%	91.8%	42.2%	44.4%
Expected Move	11.2%	9.2%	26.3%	12.1%	12.7%
HV 20d	15.0%	12.7%	19.7%	19.7%	13.1%
HV 60d	16.1%	15.7%	17.1%	17.1%	16.1%
IV Rank	21.9%	8.0%	93.0%	21.7%	24.9%
IV Percentile	47.0%	11.7%	99.4%	51.3%	62.9%
Term Structure	-9.4%	-41.0%	-4.4%	-10.5%	-12.6%
Skew 25d	3.7%	0.0%	22.3%	0.0%	1.0%
Skew 10d	16.7%	0.7%	65.1%	0.7%	16.1%
Call IV 25d	45.8%	36.8%	108.5%	49.8%	53.3%
Put IV 25d	49.4%	39.6%	130.7%	49.9%	54.3%
Bid-Ask Spread %	162.06	147.28	170.92	149.01	162.52
Gamma HHI	0.84	0.51	1.00	0.84	1.00
Net GEX	8.4K	236	43.3K	18.8K	295
Net DEX	-115.5K	-288.8K	-12.0K	-235.6K	-14.0K
Net VEX	-107	-338	-6	-338	-6
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	4.636	0	102	0	0
Total OI	54.818	5	133	133	5

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI
2025-12-01	$30.56	$28.00	42.2%	12.1%	19.7%	21.7%	0.0%	0.0%	-10.5%	18.8K	-235.6K	-338	149.01	N/A	N/A	0	133
2025-12-02	$30.59	$28.00	43.0%	12.3%	19.7%	23.0%	0.0%	1.9%	-10.8%	18.1K	-238.6K	-329	148.38	N/A	N/A	0	133
2025-12-03	$30.71	$28.00	43.0%	12.3%	16.7%	22.9%	0.0%	3.9%	-10.7%	21.8K	-256.3K	-311	147.28	N/A	N/A	0	133
2025-12-04	$30.84	$28.00	44.8%	9.2%	16.7%	25.5%	0.0%	3.9%	-4.7%	43.3K	-288.8K	-218	166.05	N/A	N/A	0	133
2025-12-05	$30.96	$28.00	47.0%	9.3%	16.3%	28.7%	0.0%	3.6%	-4.8%	17.0K	-279.6K	-295	166.86	N/A	N/A	102	133
2025-12-08	$30.93	$28.00	52.5%	9.6%	15.9%	36.6%	0.0%	3.5%	-4.4%	10.9K	-190.7K	-183	165.78	N/A	N/A	0	92
2025-12-09	$30.97	$28.00	54.4%	9.5%	13.9%	39.3%	0.0%	3.7%	-5.9%	10.9K	-192.3K	-175	166.03	N/A	N/A	0	92
2025-12-10	$31.39	$28.00	32.7%	9.4%	14.2%	8.2%	0.0%	4.4%	-4.9%	10.3K	-208.8K	-160	164.01	N/A	N/A	0	92
2025-12-11	$30.91	$28.00	34.9%	10.0%	15.1%	11.2%	0.0%	1.9%	-7.9%	17.5K	-217.5K	-132	164.35	N/A	N/A	0	92
2025-12-12	$31.08	$28.00	32.6%	9.4%	15.0%	8.0%	0.0%	2.5%	-5.9%	2.4K	-52.1K	-39	162.22	N/A	N/A	0	23
2025-12-15	$31.28	$28.00	34.6%	9.9%	15.1%	10.9%	0.0%	3.8%	-7.1%	2.3K	-53.6K	-32	163.46	N/A	N/A	0	23
2025-12-16	$30.82	$28.00	35.2%	10.1%	15.7%	11.7%	0.0%	3.2%	-9.2%	3.9K	-56.4K	-26	163.88	N/A	N/A	0	23
2025-12-17	$31.03	$28.00	34.9%	10.0%	14.2%	11.3%	0.0%	3.5%	-8.3%	2.6K	-52.0K	-26	163.26	N/A	N/A	0	23
2025-12-18	$30.80	$28.00	35.6%	10.2%	14.6%	12.3%	0.0%	2.5%	-7.1%	3.6K	-54.9K	-17	163.51	N/A	N/A	0	23
2025-12-19	$30.82	$28.00	35.5%	10.2%	14.6%	12.2%	0.0%	1.9%	-6.5%	358	-68.8K	-9	163.71	N/A	N/A	0	23
2025-12-22	$31.33	$28.00	38.0%	10.9%	13.6%	15.7%	0.0%	3.4%	-8.1%	309	-13.1K	-11	163.77	N/A	N/A	0	5
2025-12-23	$31.59	$28.00	36.5%	10.5%	13.4%	13.5%	0.0%	3.9%	-7.7%	292	-13.5K	-10	162.68	N/A	N/A	0	5
2025-12-24	$31.63	$28.00	36.7%	10.5%	13.3%	13.9%	0.0%	2.5%	-8.1%	288	-13.8K	-8	162.50	N/A	N/A	0	5
2025-12-26	$31.70	$28.00	37.7%	10.8%	12.7%	15.3%	0.0%	2.4%	-8.3%	277	-14.1K	-7	162.32	N/A	N/A	0	5
2025-12-29	$31.45	$28.00	42.3%	12.1%	12.9%	22.0%	0.0%	1.4%	-11.8%	300	-13.8K	-7	162.71	N/A	N/A	0	5
2025-12-30	$31.65	$28.00	91.8%	26.3%	12.9%	93.0%	0.0%	22.3%	-41.0%	236	-12.0K	-11	170.92	N/A	N/A	0	5
2025-12-31	$31.49	$28.00	44.4%	12.7%	13.1%	24.9%	0.0%	1.0%	-12.6%	295	-14.0K	-6	162.52	N/A	N/A	0	5