FTC Options History — May 2025

In May 2025, FTC traded between $134.30 and $143.84. ATM implied volatility averaged 30.7%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 5.1% (HV 20d: 25.6%). Max pain ranged from $119.00 to $138.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-05-09: Highest Volume — 2 contracts
  • 2025-05-14: Largest IV drop — 61.9% change
  • 2025-05-13: Highest IV Rank — 33.2%
  • 2025-05-06: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$140.19$134.30$143.84$134.30$143.24
Max Pain$133.78$119.00$138.00$119.00$138.00
ATM IV30.7%16.9%55.3%40.8%25.0%
Expected Move8.6%4.8%15.4%11.7%7.2%
HV 20d25.6%13.8%54.5%54.5%14.1%
HV 60d36.7%36.4%37.1%36.6%36.4%
IV Rank14.9%4.7%33.2%22.4%10.7%
IV Percentile74.4%28.6%96.4%93.7%79.8%
Term Structure-3.0%-13.5%8.8%8.8%-4.5%
VWIV15.3%11.8%20.9%20.9%13.3%
Skew 25d2.8%-9.6%27.6%2.5%4.1%
Skew 10d9.1%-4.1%17.0%14.4%11.2%
Call IV 25d23.7%15.7%35.1%32.5%22.9%
Put IV 25d26.5%21.7%45.8%35.0%27.0%
Bid-Ask Spread %164.66145.33191.01180.80156.79
Gamma HHI0.220.170.280.230.24
Net GEX2.1K7424.8K1.8K1.1K
Net DEX-49.2K-122.6K-8.8K-42.2K-10.2K
Net VEX-227-314-157-314-185
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.2860201
Total OI18.819272510

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$134.30$119.0040.8%11.7%54.5%22.4%0.0%2.5%8.8%1.8K-42.2K-3140.00180.80N/AN/A001015
2025-05-02$136.22$119.0043.6%12.5%50.3%24.5%0.0%8.0%5.0%1.4K-49.2K-3070.00177.25N/AN/A001015
2025-05-05$136.55$0.0043.5%14.9%45.0%24.5%0.0%-7.3%-9.0%742-46.2K-3050.00189.96N/AN/A001015
2025-05-06$135.53$0.0046.4%15.4%44.5%26.6%0.0%-9.6%-11.7%1.1K-45.5K-2970.00191.01N/AN/A001015
2025-05-07$136.26$0.0038.0%15.3%43.5%20.4%0.0%-7.8%-10.4%1.1K-47.3K-2880.00190.67N/AN/A001015
2025-05-08$137.53$0.0036.4%6.4%28.5%19.2%0.0%-1.1%-0.5%2.8K-64.5K-2430.00154.88N/AN/A001015
2025-05-09$136.81$0.0041.6%11.8%24.0%23.0%20.9%27.6%-11.2%2.0K-56.1K-2610.00185.35N/AN/A201015
2025-05-12$139.40$138.0041.2%11.6%23.3%22.7%0.0%7.5%-13.5%3.7K-83.6K-2760.00180.09N/AN/A001215
2025-05-13$141.94$138.0055.3%5.9%23.5%33.2%0.0%1.0%-2.8%4.8K-108.5K-2280.00145.33N/AN/A001215
2025-05-14$141.51$138.0021.1%6.0%23.7%7.8%0.0%1.7%-2.3%4.8K-106.0K-2340.00152.83N/AN/A001215
2025-05-15$142.16$138.0021.4%6.1%21.7%8.0%0.0%2.3%-1.9%4.6K-110.4K-2210.00151.32N/AN/A001215
2025-05-16$143.62$138.0016.9%4.8%21.7%4.7%0.0%7.9%2.9%3.1K-122.6K-2120.00148.14N/AN/A001215
2025-05-19$143.84$138.0021.8%6.2%16.1%8.3%11.8%1.3%-2.5%2.6K-37.5K-2010.00149.70N/AN/A1065
2025-05-20$143.36$138.0018.9%5.4%13.8%6.1%13.3%3.6%-2.2%2.0K-26.6K-1860.00153.65N/AN/A1055
2025-05-21$141.18$0.0019.5%5.6%15.5%6.6%0.0%1.2%-2.3%835-8.8K-1800.00159.46N/AN/A0045
2025-05-22$141.41$0.0023.7%6.8%14.5%9.7%0.0%2.5%-2.8%979-11.0K-1770.00158.97N/AN/A0045
2025-05-23$141.22$0.0024.4%7.0%14.6%10.2%0.0%2.5%1.2%1.0K-12.1K-1740.00159.04N/AN/A0045
2025-05-27$143.05$0.0024.4%7.0%14.9%10.2%0.0%4.6%-3.8%1.3K-15.3K-1610.00155.88N/AN/A0045
2025-05-28$142.67$0.0024.1%6.9%15.0%10.0%0.0%4.4%-4.0%1.3K-16.5K-1650.00157.28N/AN/A0045
2025-05-29$142.19$0.0017.2%4.9%14.7%4.9%0.0%2.1%4.8%1.5K-13.5K-1570.00159.50N/AN/A0145
2025-05-30$143.24$0.0025.0%7.2%14.1%10.7%0.0%4.1%-4.5%1.1K-10.2K-1850.00156.79N/AN/A1046