FVAL Options History — July 2025

In July 2025, FVAL traded between $63.99 and $65.42. ATM implied volatility averaged 16.9%, placing in the 6.5% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 7.3% (HV 20d: 9.6%). Max pain ranged from $59.00 to $59.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days.

Notable Days

  • 2025-07-09: Largest IV drop — 30.7% change
  • 2025-07-08: Highest IV Rank — 15.7%
  • 2025-07-02: Largest Expected Move — 5.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$64.67$63.99$65.42$64.32$64.84
Max Pain$59.00$59.00$59.00$59.00$59.00
ATM IV16.9%14.2%21.4%17.8%17.8%
Expected Move4.6%4.1%5.5%5.1%5.1%
HV 20d9.6%7.8%11.6%10.5%7.9%
HV 60d16.3%11.4%29.5%29.5%11.4%
IV Rank6.5%1.0%15.7%8.2%8.3%
IV Percentile34.0%2.4%74.6%48.4%48.4%
Term Structure-1.7%-4.2%0.8%-3.6%-3.8%
Skew 25d1.4%0.5%2.2%1.8%0.5%
Skew 10d4.1%2.8%5.3%4.9%3.1%
Call IV 25d17.5%14.5%21.0%19.8%21.0%
Put IV 25d18.9%16.3%22.1%21.6%21.5%
Bid-Ask Spread %139.16132.88159.19153.84136.05
Gamma HHI0.670.630.710.650.71
Net GEX1.7K1.5K1.9K1.6K1.9K
Net DEX-21.3K-23.4K-19.1K-19.6K-22.5K
Net VEX-91-97-84-97-84
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI77777

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$64.32$0.0017.8%5.1%10.5%8.2%0.0%1.8%-3.6%1.6K-19.6K-970.00153.84N/AN/A0061
2025-07-02$64.30$0.0019.0%5.5%10.4%10.8%0.0%1.5%-4.2%1.6K-20.1K-970.00159.19N/AN/A0061
2025-07-03$64.79$59.0018.2%4.1%10.6%9.1%0.0%1.8%0.6%1.6K-21.6K-960.00137.31N/AN/A0061
2025-07-07$63.99$59.0021.1%4.2%11.6%15.1%0.0%1.4%0.1%1.5K-20.0K-960.00132.88N/AN/A0061
2025-07-08$64.26$59.0021.4%4.3%11.2%15.7%0.0%1.9%0.8%1.5K-20.0K-950.00136.52N/AN/A0061
2025-07-09$64.47$59.0014.9%4.3%11.2%2.3%0.0%1.6%0.5%1.6K-20.5K-950.00136.17N/AN/A0061
2025-07-10$64.87$59.0014.2%4.1%11.3%1.0%0.0%1.5%0.8%1.7K-21.3K-930.00136.11N/AN/A0061
2025-07-11$64.56$59.0014.8%4.2%11.4%2.1%0.0%2.0%0.2%1.6K-20.5K-940.00137.84N/AN/A0061
2025-07-14$64.48$59.0015.7%4.5%11.4%3.9%0.0%1.9%-0.2%1.6K-20.4K-930.00138.34N/AN/A0061
2025-07-15$64.26$59.0015.5%4.4%10.5%3.6%0.0%1.1%-2.0%1.7K-20.7K-920.00136.44N/AN/A0061
2025-07-16$64.28$59.0015.9%4.6%10.0%4.4%0.0%1.9%0.2%1.6K-19.1K-910.00136.25N/AN/A0061
2025-07-17$64.48$59.0016.1%4.6%9.4%4.8%0.0%1.7%-1.8%1.7K-20.2K-920.00138.73N/AN/A0061
2025-07-18$64.41$59.0015.9%4.6%9.5%4.4%0.0%1.0%-1.7%1.8K-20.3K-910.00139.43N/AN/A0061
2025-07-21$64.56$59.0015.5%4.4%8.8%3.5%0.0%1.1%-1.8%1.8K-21.7K-890.00138.90N/AN/A0061
2025-07-22$64.88$59.0016.1%4.6%8.5%4.9%0.0%2.2%-2.7%1.8K-21.5K-890.00138.13N/AN/A0061
2025-07-23$65.31$59.0016.0%4.6%8.2%4.6%0.0%1.4%-2.3%1.8K-22.9K-880.00137.84N/AN/A0061
2025-07-24$65.19$59.0016.6%4.8%8.1%5.8%0.0%1.1%-2.8%1.9K-23.4K-870.00139.07N/AN/A0061
2025-07-25$65.42$59.0016.5%4.7%7.9%5.6%0.0%1.8%-2.3%1.9K-23.1K-870.00138.51N/AN/A0061
2025-07-28$65.24$59.0017.9%5.1%8.0%8.5%0.0%1.0%-3.6%1.9K-23.3K-850.00139.14N/AN/A0061
2025-07-29$65.09$59.0017.6%5.0%7.8%7.8%0.0%0.5%-3.7%1.9K-23.3K-840.00137.81N/AN/A0061
2025-07-30$64.69$59.0017.7%5.1%7.8%8.1%0.0%0.7%-3.9%1.9K-22.0K-850.00137.07N/AN/A0061
2025-07-31$64.84$59.0017.8%5.1%7.9%8.3%0.0%0.5%-3.8%1.9K-22.5K-840.00136.05N/AN/A0061