FTC Options History — August 2025

In August 2025, FTC traded between $153.02 and $158.24. ATM implied volatility averaged 22.4%, placing in the 8.8% IV rank vs the trailing year. The 30-day expected move averaged 5.1%. IV traded above realized volatility by 8.4% (HV 20d: 14.0%). Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days.

Notable Days

  • 2025-08-13: Largest IV drop — 58.4% change
  • 2025-08-12: Highest IV Rank — 22.8%
  • 2025-08-27: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$155.78$153.02$158.24$153.02$156.45
ATM IV22.4%17.0%41.3%20.1%19.2%
Expected Move5.1%4.2%5.9%5.7%5.5%
HV 20d14.0%11.7%15.1%11.7%13.6%
HV 60d12.3%11.8%13.1%12.4%12.4%
IV Rank8.8%4.8%22.8%7.0%6.4%
IV Percentile54.5%25.0%92.5%48.0%41.3%
Term Structure-1.0%-3.9%24.5%24.5%-3.8%
Skew 25d4.2%-7.2%13.1%2.4%4.2%
Skew 10d7.2%4.3%14.0%10.9%5.0%
Call IV 25d15.3%8.0%31.5%31.5%8.2%
Put IV 25d19.4%10.7%33.9%33.9%12.4%
Bid-Ask Spread %183.98172.38197.90197.90174.14
Gamma HHI0.950.910.950.910.95
Net GEX90.6K39.2K107.6K39.2K93.7K
Net DEX-1.4M-1.6M-1.1M-1.1M-1.4M
Net VEX-2.8K-3.5K-2.0K-3.5K-2.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI127127127127127

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$153.02$0.0020.1%5.7%11.7%7.0%0.0%2.4%24.5%39.2K-1.1M-3.5K0.00197.90N/AN/A001243
2025-08-04$156.41$0.0024.3%4.2%13.8%10.2%0.0%9.2%-1.1%88.2K-1.3M-3.1K0.00180.73N/AN/A001243
2025-08-05$155.22$0.0025.8%4.2%14.1%11.3%0.0%3.3%-1.3%85.8K-1.3M-3.1K0.00185.28N/AN/A001243
2025-08-06$156.03$0.0024.5%4.2%13.9%10.4%0.0%2.8%-1.3%86.4K-1.4M-2.9K0.00183.82N/AN/A001243
2025-08-07$155.45$0.0026.1%5.2%14.0%11.5%0.0%3.2%-0.8%85.6K-1.3M-3.2K0.00186.36N/AN/A001243
2025-08-08$155.28$0.0027.9%4.2%13.6%12.9%0.0%1.9%-1.2%91.2K-1.4M-3.0K0.00187.72N/AN/A001243
2025-08-11$155.01$0.0037.0%4.4%13.3%19.6%0.0%10.4%-3.6%100.5K-1.2M-3.1K0.00187.58N/AN/A001243
2025-08-12$156.93$0.0041.3%4.9%13.8%22.8%0.0%4.0%-1.7%85.3K-1.5M-2.6K0.00182.29N/AN/A001243
2025-08-13$156.81$0.0017.2%4.9%13.9%4.9%0.0%3.9%-1.9%86.7K-1.5M-2.6K0.00183.22N/AN/A001243
2025-08-14$155.95$0.0017.3%5.0%13.7%5.0%0.0%-4.7%-2.2%103.0K-1.3M-2.9K0.00186.41N/AN/A001243
2025-08-15$155.74$0.0017.5%5.0%13.7%5.1%0.0%2.9%-2.5%94.1K-1.4M-2.7K0.00187.22N/AN/A001243
2025-08-18$156.40$0.0018.8%5.4%13.7%6.1%0.0%2.3%-2.3%91.4K-1.4M-2.5K0.00185.62N/AN/A001243
2025-08-19$154.53$0.0018.7%5.4%14.5%6.1%0.0%10.5%-2.5%99.2K-1.3M-2.8K0.00190.57N/AN/A001243
2025-08-20$154.64$0.0019.1%5.5%14.3%6.3%0.0%12.3%-2.7%107.6K-1.2M-2.9K0.00190.13N/AN/A001243
2025-08-21$153.98$0.0019.8%5.7%14.3%6.8%0.0%13.1%-3.1%104.7K-1.2M-2.9K0.00189.78N/AN/A001243
2025-08-22$156.32$0.0017.0%4.9%14.8%4.8%0.0%3.1%-2.2%94.1K-1.4M-2.4K0.00186.11N/AN/A001243
2025-08-25$155.80$0.0019.3%5.5%14.9%6.5%0.0%2.6%-3.0%98.8K-1.4M-2.5K0.00174.31N/AN/A001243
2025-08-26$156.37$0.0020.1%5.8%14.8%7.1%0.0%3.0%-3.3%92.0K-1.4M-2.4K0.00179.29N/AN/A001243
2025-08-27$156.75$0.0020.5%5.9%14.8%7.4%0.0%4.1%-3.9%90.6K-1.5M-2.4K0.00172.38N/AN/A001243
2025-08-28$158.24$0.0019.8%5.7%15.1%6.8%0.0%-7.2%-2.1%83.5K-1.6M-2.0K0.00172.72N/AN/A001243
2025-08-29$156.45$0.0019.2%5.5%13.6%6.4%0.0%4.2%-3.8%93.7K-1.4M-2.3K0.00174.14N/AN/A001243