FVAL Options History — January 2025

In January 2025, FVAL traded between $61.25 and $64.05. ATM implied volatility averaged 19.5%, placing in the 20.1% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 6.2% (HV 20d: 13.3%). Max pain ranged from $62.00 to $62.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2025-01-15: Highest Volume — 1 contracts
2025-01-15: Largest IV drop — 59.5% change
2025-01-14: Highest IV Rank — 84.4%
2025-01-02: Largest Expected Move — 5.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$62.79	$61.25	$64.05	$61.46	$63.39
Max Pain	$62.00	$62.00	$62.00	$62.00	$62.00
ATM IV	19.5%	14.4%	38.1%	19.3%	17.2%
Expected Move	4.5%	3.9%	5.5%	5.5%	4.9%
HV 20d	13.3%	11.7%	15.8%	11.7%	12.2%
HV 60d	12.7%	12.2%	13.2%	12.2%	12.8%
IV Rank	20.1%	2.0%	84.4%	20.4%	11.8%
IV Percentile	45.3%	3.2%	97.6%	67.9%	46.4%
Term Structure	-1.6%	-6.6%	6.6%	-4.4%	-1.1%
VWIV	14.0%	11.4%	16.6%	16.6%	11.4%
Skew 25d	2.0%	-0.1%	10.3%	0.5%	-0.1%
Skew 10d	5.6%	1.2%	12.9%	1.2%	3.4%
Call IV 25d	16.0%	6.9%	22.2%	22.2%	18.6%
Put IV 25d	18.0%	15.8%	23.6%	22.8%	18.5%
Bid-Ask Spread %	143.92	136.28	157.40	150.28	140.01
Gamma HHI	0.73	0.50	1.00	1.00	0.50
Net GEX	737	359	1.1K	465	1.1K
Net DEX	-6.2K	-10.5K	-2.8K	-3.0K	-8.3K
Net VEX	-10	-15	-8	-9	-11
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	0.1	0	1	0	0
Total OI	1.55	1	2	1	2

Daily Data (20 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
2025-01-02	$61.46	$0.00	19.3%	5.5%	11.7%	20.4%	0.0%	0.5%	-4.4%	465	-3.0K	-9	150.28	N/A	N/A	0	1
2025-01-03	$62.12	$0.00	18.8%	5.4%	12.4%	18.6%	0.0%	1.7%	-4.6%	456	-3.5K	-9	157.40	N/A	N/A	0	1
2025-01-06	$62.62	$62.00	20.0%	3.9%	12.9%	22.9%	0.0%	1.5%	-0.6%	445	-3.9K	-9	140.26	N/A	N/A	0	1
2025-01-07	$62.02	$62.00	24.7%	4.6%	13.2%	38.9%	0.0%	4.3%	-1.4%	359	-3.4K	-9	147.13	N/A	N/A	0	1
2025-01-08	$61.97	$62.00	23.2%	4.2%	13.2%	33.6%	0.0%	2.0%	-0.2%	451	-3.4K	-9	143.08	N/A	N/A	0	1
2025-01-10	$61.25	$62.00	26.5%	4.4%	13.6%	45.1%	0.0%	1.4%	-2.6%	441	-2.8K	-8	142.31	N/A	N/A	0	1
2025-01-13	$61.33	$62.00	33.1%	4.4%	13.4%	67.5%	0.0%	2.4%	0.6%	454	-2.8K	-8	140.97	N/A	N/A	0	1
2025-01-14	$61.42	$62.00	38.1%	4.4%	13.4%	84.4%	0.0%	10.3%	-3.0%	476	-2.9K	-8	143.22	N/A	N/A	0	1
2025-01-15	$62.72	$62.00	15.4%	4.4%	15.5%	5.6%	16.6%	1.5%	-3.4%	448	-3.9K	-8	143.23	N/A	N/A	1	1
2025-01-16	$62.50	$62.00	15.4%	4.4%	15.6%	5.4%	0.0%	1.1%	6.6%	972	-6.8K	-15	145.57	N/A	N/A	0	2
2025-01-17	$63.05	$62.00	14.4%	4.1%	15.8%	2.0%	0.0%	1.8%	-1.1%	964	-7.7K	-15	146.60	N/A	N/A	0	2
2025-01-21	$63.44	$62.00	14.8%	4.2%	13.0%	3.5%	0.0%	1.5%	-1.4%	963	-8.3K	-13	145.05	N/A	N/A	0	2
2025-01-22	$63.80	$62.00	14.5%	4.2%	13.0%	2.3%	0.0%	1.6%	-1.2%	925	-8.9K	-12	145.34	N/A	N/A	0	2
2025-01-23	$63.94	$62.00	14.5%	4.2%	13.0%	2.5%	0.0%	2.0%	-1.5%	922	-9.2K	-12	143.39	N/A	N/A	0	2
2025-01-24	$63.86	$62.00	14.8%	4.2%	13.0%	3.4%	0.0%	0.7%	-1.6%	1.0K	-9.3K	-11	137.85	N/A	N/A	0	2
2025-01-27	$63.50	$62.00	18.9%	5.4%	13.0%	17.7%	0.0%	2.2%	-6.6%	854	-8.2K	-12	141.76	N/A	N/A	0	2
2025-01-28	$64.05	$62.00	15.0%	4.3%	13.2%	4.2%	11.4%	1.7%	-1.2%	1.1K	-10.5K	-8	136.28	N/A	N/A	1	2
2025-01-29	$63.83	$62.00	16.0%	4.6%	12.3%	7.4%	0.0%	1.6%	-1.8%	954	-9.0K	-11	144.59	N/A	N/A	0	2
2025-01-30	$63.58	$62.00	15.3%	4.4%	12.3%	5.3%	0.0%	0.9%	-2.1%	1.0K	-8.6K	-11	144.05	N/A	N/A	0	2
2025-01-31	$63.39	$62.00	17.2%	4.9%	12.2%	11.8%	0.0%	-0.1%	-1.1%	1.1K	-8.3K	-11	140.01	N/A	N/A	0	2