FTC Options History — April 2025

In April 2025, FTC traded between $115.81 and $134.37. ATM implied volatility averaged 55.6%, placing in the 42.9% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded above realized volatility by 7.0% (HV 20d: 48.6%). Max pain ranged from $119.00 to $123.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2025-04-10: Highest Volume — 10 contracts
2025-04-03: Largest IV spike — 81.6% change
2025-04-03: Highest IV Rank — 100.0%
2025-04-03: Largest Expected Move — 33.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$127.04	$115.81	$134.37	$132.49	$132.25
Max Pain	$120.33	$119.00	$123.00	$123.00	$119.00
ATM IV	55.6%	17.5%	145.3%	34.2%	31.7%
Expected Move	14.6%	5.0%	33.9%	7.2%	9.1%
HV 20d	48.6%	29.8%	55.2%	29.8%	54.5%
HV 60d	32.6%	21.9%	36.5%	22.0%	36.5%
IV Rank	42.9%	5.2%	100.0%	66.8%	15.7%
IV Percentile	92.4%	35.3%	100.0%	96.4%	89.3%
Term Structure	-10.5%	-44.3%	32.4%	-9.7%	29.9%
VWIV	28.4%	26.2%	30.6%	26.2%	30.6%
Skew 25d	12.8%	-10.2%	84.8%	2.3%	1.1%
Skew 10d	11.8%	-13.4%	84.8%	3.9%	9.1%
Call IV 25d	29.8%	10.3%	37.8%	32.5%	32.3%
Put IV 25d	42.6%	26.8%	118.1%	34.8%	33.4%
Bid-Ask Spread %	186.41	158.80	199.75	177.51	185.52
Gamma HHI	0.31	0.21	0.45	0.33	0.24
Net GEX	-2.4K	-9.8K	5.1K	-4.1K	2.3K
Net DEX	18.9K	-49.3K	79.1K	13.7K	-49.3K
Net VEX	-374	-437	-291	-398	-388
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	1.429	0	10	0	2
Total OI	25	11	35	23	27

Daily Data (21 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	Put Vol	Call OI	Put OI
2025-04-01	$132.49	$0.00	34.2%	7.2%	29.8%	66.8%	0.0%	2.3%	-9.7%	-4.1K	13.7K	-398	177.51	N/A	N/A	0	0	7	16
2025-04-02	$134.37	$0.00	26.4%	7.2%	30.2%	44.7%	0.0%	10.1%	-3.0%	-4.3K	4.2K	-369	177.06	N/A	N/A	0	0	7	16
2025-04-03	$126.86	$0.00	47.9%	33.9%	34.4%	100.0%	0.0%	84.8%	-44.3%	-2.4K	46.6K	-437	199.75	N/A	N/A	0	0	7	16
2025-04-04	$119.89	$0.00	84.8%	13.5%	39.4%	100.0%	0.0%	23.6%	-5.6%	-3.7K	79.1K	-383	180.14	N/A	N/A	0	0	7	16
2025-04-07	$117.92	$0.00	145.3%	18.9%	38.1%	100.0%	0.0%	35.1%	-31.1%	-2.1K	73.4K	-383	181.60	N/A	N/A	1	0	7	16
2025-04-08	$115.81	$0.00	108.6%	19.9%	38.2%	72.8%	0.0%	46.5%	-28.9%	-3.4K	76.2K	-361	178.36	N/A	N/A	0	0	8	16
2025-04-09	$127.51	$0.00	63.4%	18.2%	52.6%	39.2%	0.0%	-1.8%	-29.9%	-2.4K	37.6K	-400	191.09	N/A	N/A	0	0	8	16
2025-04-10	$122.65	$0.00	66.5%	19.1%	53.8%	41.5%	0.0%	-9.6%	-32.0%	-3.9K	43.1K	-378	193.28	N/A	N/A	0	10	8	16
2025-04-11	$125.91	$0.00	65.3%	18.7%	53.9%	40.6%	0.0%	-0.1%	-27.8%	-7.7K	67.8K	-432	193.00	N/A	N/A	0	1	8	26
2025-04-14	$127.68	$0.00	41.3%	11.8%	53.5%	22.8%	0.0%	6.1%	23.0%	-7.6K	64.6K	-392	193.69	N/A	N/A	0	0	8	27
2025-04-15	$127.71	$0.00	68.2%	19.6%	53.1%	42.8%	0.0%	23.4%	-30.2%	-7.9K	54.4K	-373	193.23	N/A	N/A	0	0	8	27
2025-04-16	$125.18	$0.00	70.9%	20.3%	52.7%	44.8%	0.0%	14.5%	-30.5%	-9.6K	64.4K	-348	193.07	N/A	N/A	0	0	8	27
2025-04-17	$126.73	$0.00	71.0%	20.4%	53.0%	44.9%	0.0%	0.7%	-23.5%	-9.8K	47.8K	-308	192.35	N/A	N/A	0	0	8	27
2025-04-21	$122.61	$0.00	53.8%	15.4%	54.1%	32.1%	0.0%	21.3%	-29.6%	114	-3	-292	191.46	N/A	N/A	0	0	6	5
2025-04-22	$126.60	$0.00	28.5%	8.2%	54.5%	13.3%	26.2%	3.8%	32.4%	80	-662	-291	191.32	N/A	N/A	6	0	6	5
2025-04-23	$128.39	$123.00	48.6%	13.9%	54.8%	28.2%	0.0%	-10.2%	-27.3%	4.5K	-40.5K	-360	186.52	N/A	N/A	0	0	12	5
2025-04-24	$130.94	$123.00	24.6%	7.0%	55.2%	10.4%	30.6%	0.8%	-6.3%	5.1K	-47.7K	-342	158.80	N/A	N/A	0	10	12	5
2025-04-25	$131.30	$119.00	29.1%	8.3%	55.2%	13.7%	0.0%	0.9%	10.4%	2.8K	-45.7K	-396	186.30	N/A	N/A	0	0	12	15
2025-04-28	$131.92	$119.00	39.1%	11.2%	54.4%	21.2%	0.0%	1.0%	12.6%	1.4K	-43.8K	-415	185.59	N/A	N/A	0	0	12	15
2025-04-29	$133.16	$119.00	17.5%	5.0%	54.5%	5.2%	0.0%	14.3%	30.9%	1.1K	-47.5K	-406	184.96	N/A	N/A	0	0	12	15
2025-04-30	$132.25	$119.00	31.7%	9.1%	54.5%	15.7%	0.0%	1.1%	29.9%	2.3K	-49.3K	-388	185.52	N/A	N/A	2	0	12	15