FPXE Options History — January 2026

In January 2026, FPXE traded between $31.44 and $33.19. ATM implied volatility averaged 45.4%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 10.0%. IV traded above realized volatility by 30.6% (HV 20d: 14.8%). Max pain ranged from $28.00 to $28.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 1 of 20 days.

Notable Days

  • 2026-01-14: Largest IV drop — 57.9% change
  • 2026-01-13: Highest IV Rank — 83.7%
  • 2026-01-02: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.15$31.44$33.19$31.70$32.45
Max Pain$28.00$28.00$28.00$28.00$28.00
ATM IV45.4%32.1%85.3%44.1%40.0%
Expected Move10.0%8.6%12.7%12.7%11.5%
HV 20d14.8%12.7%18.2%13.2%18.2%
HV 60d16.1%15.4%17.1%16.1%17.1%
IV Rank26.3%7.2%83.7%24.6%18.6%
IV Percentile53.1%6.5%97.8%62.5%47.2%
Term Structure-4.7%-13.9%15.9%-13.9%-7.4%
Skew 25d1.3%-0.3%2.3%1.3%0.7%
Skew 10d9.6%6.6%17.7%17.7%10.2%
Call IV 25d41.6%35.3%55.3%55.3%48.3%
Put IV 25d42.9%37.2%56.6%56.6%49.0%
Bid-Ask Spread %169.86162.01172.60162.01165.35
Gamma HHI1.001.001.001.001.00
Net GEX12003082720
Net DEX-8.1K-15.9K0-14.3K0
Net VEX-2-50-50
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI2.750550

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$31.70$28.0044.1%12.7%13.2%24.6%0.0%1.3%-13.9%272-14.3K-50.00162.01N/AN/A0050
2026-01-05$31.74$0.0048.1%8.6%13.2%30.2%0.0%2.0%-3.6%266-14.4K-50.00172.48N/AN/A0050
2026-01-06$32.02$0.0050.9%8.8%13.4%34.3%0.0%1.9%-3.3%239-14.7K-40.00172.44N/AN/A0050
2026-01-07$32.06$0.0053.0%8.7%13.4%37.2%0.0%1.9%-2.9%233-14.8K-40.00171.74N/AN/A0050
2026-01-08$31.80$0.0056.3%9.0%13.8%42.1%0.0%1.7%-4.6%258-14.5K-40.00172.60N/AN/A0050
2026-01-09$32.22$0.0057.0%8.6%13.8%43.0%0.0%2.1%-2.2%191-15.3K-20.00171.59N/AN/A0050
2026-01-12$32.01$0.0075.7%9.0%12.7%70.0%0.0%1.2%-5.2%217-15.0K-20.00171.84N/AN/A0050
2026-01-13$31.94$0.0085.3%9.2%12.7%83.7%0.0%0.5%-4.4%219-15.0K-20.00171.63N/AN/A0050
2026-01-14$31.44$0.0035.9%10.3%13.9%12.7%0.0%0.6%-9.1%308-13.2K-30.00171.47N/AN/A0050
2026-01-15$32.13$0.0032.1%9.2%14.7%7.2%0.0%1.4%15.9%194-15.3K-10.00171.34N/AN/A0050
2026-01-16$31.84$0.0032.7%9.4%15.1%8.1%0.0%1.1%-4.9%0-15.9K00.00171.49N/AN/A0050
2026-01-20$31.48$0.0037.4%10.7%15.4%14.9%0.0%1.4%-6.0%0000.00170.14N/AN/A0000
2026-01-21$31.78$0.0035.0%10.0%15.7%11.4%0.0%2.3%-4.3%0000.00170.61N/AN/A0000
2026-01-22$32.23$0.0035.6%10.2%15.4%12.3%0.0%1.1%-5.2%0000.00170.29N/AN/A0000
2026-01-23$32.38$0.0035.4%10.2%15.3%12.0%0.0%1.3%-4.9%0000.00168.37N/AN/A0000
2026-01-26$32.45$0.0040.8%11.7%15.3%19.7%0.0%-0.3%-9.4%0000.00168.79N/AN/A0000
2026-01-27$33.19$0.0036.9%10.6%17.0%14.2%0.0%1.5%-6.8%0000.00167.35N/AN/A0000
2026-01-28$33.10$0.0037.8%10.8%16.7%15.4%0.0%0.9%-5.5%0000.00167.96N/AN/A0000
2026-01-29$33.08$0.0037.1%10.6%16.7%14.4%0.0%0.9%-6.1%0000.00167.62N/AN/A0000
2026-01-30$32.45$0.0040.0%11.5%18.2%18.6%0.0%0.7%-7.4%0000.00165.35N/AN/A0000