FTC Options History — July 2025

In July 2025, FTC traded between $149.69 and $156.25. ATM implied volatility averaged 20.1%, placing in the 7.1% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 8.9% (HV 20d: 11.2%). Max pain ranged from $127.00 to $127.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2025-07-03: Highest Volume — 1 contracts
2025-07-18: Largest IV spike — 44.8% change
2025-07-07: Highest IV Rank — 12.6%
2025-07-02: Largest Expected Move — 6.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$152.74	$149.69	$156.25	$149.69	$156.19
Max Pain	$127.00	$127.00	$127.00	$127.00	$127.00
ATM IV	20.1%	13.6%	27.5%	18.6%	21.1%
Expected Move	5.5%	3.9%	6.8%	5.3%	6.1%
HV 20d	11.2%	9.1%	12.8%	12.0%	9.2%
HV 60d	16.6%	11.6%	30.4%	30.4%	11.6%
IV Rank	7.1%	2.2%	12.6%	5.9%	7.8%
IV Percentile	48.4%	2.8%	83.7%	40.1%	57.5%
Term Structure	-2.6%	-5.9%	4.3%	-0.5%	-1.2%
Skew 25d	3.2%	0.8%	5.2%	2.6%	5.0%
Skew 10d	9.1%	0.2%	13.2%	9.2%	12.9%
Call IV 25d	19.8%	15.8%	24.5%	24.5%	23.1%
Put IV 25d	23.0%	18.2%	28.1%	27.2%	28.1%
Bid-Ask Spread %	172.36	143.33	181.20	143.33	170.44
Gamma HHI	0.90	0.86	0.96	0.87	0.96
Net GEX	84.4K	69.5K	92.7K	81.3K	84.9K
Net DEX	-1.2M	-1.4M	-1.0M	-1.0M	-1.3M
Net VEX	-3.7K	-4.1K	-3.2K	-4.1K	-3.2K
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	0.045	0	1	0	0
Total OI	131.136	127	134	134	127

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	Put OI
2025-07-01	$149.69	$127.00	18.6%	5.3%	12.0%	5.9%	0.0%	2.6%	-0.5%	81.3K	-1.0M	-4.1K	143.33	N/A	N/A	0	128	6
2025-07-02	$150.08	$127.00	23.8%	6.8%	11.9%	9.8%	0.0%	4.2%	-4.7%	85.6K	-1.1M	-4.1K	144.39	N/A	N/A	0	128	6
2025-07-03	$151.63	$0.00	24.3%	5.2%	12.3%	10.2%	0.0%	0.8%	-2.8%	78.7K	-1.1M	-4.1K	174.95	N/A	N/A	1	128	6
2025-07-07	$151.13	$0.00	27.5%	5.5%	12.5%	12.6%	0.0%	3.8%	-3.4%	80.2K	-1.1M	-4.0K	176.30	N/A	N/A	0	128	6
2025-07-08	$150.40	$0.00	26.7%	5.5%	12.5%	11.9%	0.0%	1.5%	-3.5%	88.3K	-1.1M	-4.0K	180.68	N/A	N/A	0	128	6
2025-07-09	$151.56	$0.00	18.1%	5.2%	12.3%	5.6%	0.0%	3.9%	-3.4%	84.0K	-1.1M	-3.9K	178.08	N/A	N/A	0	128	6
2025-07-10	$151.47	$0.00	19.1%	5.5%	11.9%	6.3%	0.0%	1.8%	-3.7%	85.6K	-1.1M	-3.9K	179.95	N/A	N/A	0	128	6
2025-07-11	$150.16	$0.00	19.0%	5.5%	12.6%	6.3%	0.0%	2.1%	-3.6%	87.1K	-1.1M	-3.9K	178.37	N/A	N/A	0	128	6
2025-07-14	$151.50	$0.00	19.8%	5.7%	12.8%	6.9%	0.0%	2.2%	-4.2%	86.5K	-1.1M	-3.8K	177.96	N/A	N/A	0	128	6
2025-07-15	$151.15	$0.00	13.6%	3.9%	11.7%	2.2%	0.0%	2.7%	3.1%	92.7K	-1.1M	-3.8K	181.20	N/A	N/A	0	128	6
2025-07-16	$151.31	$0.00	13.8%	4.0%	11.2%	2.4%	0.0%	2.8%	3.4%	92.3K	-1.1M	-3.8K	180.42	N/A	N/A	0	128	6
2025-07-17	$152.94	$0.00	13.9%	4.0%	11.3%	2.5%	0.0%	2.3%	4.3%	85.2K	-1.2M	-3.7K	173.78	N/A	N/A	0	128	6
2025-07-18	$153.38	$0.00	20.1%	5.8%	11.3%	7.1%	0.0%	2.9%	-3.1%	79.4K	-1.3M	-3.6K	171.74	N/A	N/A	0	128	6
2025-07-21	$153.32	$0.00	20.7%	5.9%	11.2%	7.5%	0.0%	4.9%	-3.8%	82.8K	-1.2M	-3.6K	174.66	N/A	N/A	0	124	3
2025-07-22	$152.96	$0.00	20.7%	5.9%	11.1%	7.5%	0.0%	2.2%	-5.9%	87.7K	-1.1M	-3.6K	177.68	N/A	N/A	0	124	3
2025-07-23	$153.95	$0.00	20.3%	5.8%	10.3%	7.2%	0.0%	4.2%	-4.3%	86.9K	-1.2M	-3.6K	174.25	N/A	N/A	0	124	3
2025-07-24	$154.66	$0.00	20.3%	5.8%	9.6%	7.2%	0.0%	5.2%	-4.4%	79.4K	-1.3M	-3.5K	171.71	N/A	N/A	0	124	3
2025-07-25	$156.25	$0.00	20.9%	6.0%	9.9%	7.7%	0.0%	3.5%	-3.9%	69.5K	-1.4M	-3.3K	166.31	N/A	N/A	0	124	3
2025-07-28	$156.09	$0.00	21.4%	6.1%	9.9%	8.0%	0.0%	4.8%	-5.2%	82.8K	-1.3M	-3.4K	169.31	N/A	N/A	0	124	3
2025-07-29	$155.24	$0.00	20.5%	5.9%	9.6%	7.4%	0.0%	3.8%	-5.2%	92.4K	-1.2M	-3.4K	173.34	N/A	N/A	0	124	3
2025-07-30	$155.31	$0.00	18.5%	5.3%	9.1%	5.8%	0.0%	2.9%	-0.3%	84.4K	-1.3M	-3.2K	173.03	N/A	N/A	0	124	3
2025-07-31	$156.19	$0.00	21.1%	6.1%	9.2%	7.8%	0.0%	5.0%	-1.2%	84.9K	-1.3M	-3.2K	170.44	N/A	N/A	0	124	3