FVAL Options History — May 2025

In May 2025, FVAL traded between $58.80 and $62.00. ATM implied volatility averaged 24.1%, placing in the 21.1% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 1.5% (HV 20d: 25.6%). Max pain ranged from $54.00 to $54.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 3 of 21 days.

Notable Days

  • 2025-05-14: Largest IV drop — 56.8% change
  • 2025-05-01: Highest IV Rank — 73.8%
  • 2025-05-01: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.62$58.80$62.00$58.87$61.37
Max Pain$54.00$54.00$54.00$54.00$54.00
ATM IV24.1%15.4%49.9%49.9%18.8%
Expected Move5.8%4.3%14.3%14.3%5.4%
HV 20d25.6%15.3%51.4%51.4%15.5%
HV 60d32.3%31.8%32.7%31.8%32.5%
IV Rank21.1%3.4%73.8%73.8%10.2%
IV Percentile63.2%16.7%99.2%99.2%59.9%
Term Structure-3.8%-21.5%0.9%-20.4%-3.7%
Skew 25d4.3%0.7%26.4%26.4%1.3%
Skew 10d6.4%1.1%15.2%3.9%1.4%
Call IV 25d19.7%8.9%61.6%36.2%20.8%
Put IV 25d23.9%18.0%63.1%62.6%22.1%
Bid-Ask Spread %147.66140.86160.45160.45145.06
Gamma HHI1.001.001.001.001.00
Net GEX3201511510
Net DEX-3.3K-6.2K0-4.8K0
Net VEX-0-30-30
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI0.5710110

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$58.87$54.0049.9%14.3%51.4%73.8%0.0%26.4%-20.4%151-4.8K-30.00160.45N/AN/A0010
2025-05-02$59.41$54.0049.7%14.2%48.6%73.4%0.0%1.5%-21.5%140-5.0K-30.00160.37N/AN/A0010
2025-05-05$59.08$0.0024.7%5.2%45.1%22.4%0.0%11.0%-1.8%85-5.7K-10.00148.30N/AN/A0010
2025-05-06$58.80$0.0024.4%5.1%44.0%21.7%0.0%7.9%0.9%92-5.7K-10.00147.24N/AN/A0010
2025-05-07$58.89$0.0025.7%5.2%42.8%24.4%0.0%7.2%0.7%82-5.7K-10.00145.79N/AN/A0010
2025-05-08$59.47$0.0026.3%4.8%27.8%25.5%0.0%1.9%0.9%45-5.9K00.00144.05N/AN/A0010
2025-05-09$59.23$0.0028.2%5.3%22.9%29.5%0.0%10.6%-2.1%65-5.8K00.00149.09N/AN/A0010
2025-05-12$61.04$0.0031.8%4.5%23.4%36.9%0.0%2.5%-0.3%6-6.1K00.00146.70N/AN/A0010
2025-05-13$61.56$0.0037.8%4.3%23.2%49.1%0.0%2.0%-0.9%2-6.2K00.00147.32N/AN/A0010
2025-05-14$61.20$0.0016.3%4.7%23.1%5.2%0.0%0.9%-3.0%4-6.1K00.00148.29N/AN/A0010
2025-05-15$61.42$0.0016.3%4.7%20.4%5.2%0.0%2.2%-2.1%1-6.1K00.00146.19N/AN/A0010
2025-05-16$61.96$0.0015.4%4.4%20.4%3.4%0.0%1.5%-2.2%8-6.2K00.00146.68N/AN/A0010
2025-05-19$62.00$0.0015.9%4.6%16.7%4.4%0.0%2.0%-1.6%0000.00144.79N/AN/A0000
2025-05-20$61.81$0.0016.5%4.7%15.6%5.7%0.0%1.1%-3.2%0000.00146.86N/AN/A0000
2025-05-21$61.03$0.0016.7%4.8%16.5%6.0%0.0%0.7%-3.7%0000.00140.86N/AN/A0000
2025-05-22$61.06$0.0017.9%5.1%15.3%8.5%0.0%1.8%-2.3%0000.00146.76N/AN/A0000
2025-05-23$60.53$0.0018.0%5.2%15.8%8.7%0.0%2.4%-2.6%0000.00145.47N/AN/A0000
2025-05-27$61.55$0.0017.5%5.0%16.6%7.7%0.0%2.2%-3.3%0000.00145.22N/AN/A0000
2025-05-28$61.34$0.0019.2%5.5%16.8%11.1%0.0%0.8%-3.8%0000.00148.81N/AN/A0000
2025-05-29$61.45$0.0019.2%5.5%16.4%11.0%0.0%1.2%-3.7%0000.00146.51N/AN/A0000
2025-05-30$61.37$0.0018.8%5.4%15.5%10.2%0.0%1.3%-3.7%0000.00145.06N/AN/A0000