FVAL Options History — September 2025

In September 2025, FVAL traded between $66.79 and $69.19. ATM implied volatility averaged 16.3%, placing in the 5.6% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 6.9% (HV 20d: 9.4%). Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days.

Notable Days

  • 2025-09-10: Largest IV drop — 37.9% change
  • 2025-09-09: Highest IV Rank — 17.3%
  • 2025-09-03: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$68.24$66.79$69.19$66.79$68.89
ATM IV16.3%13.4%22.2%18.2%16.6%
Expected Move4.3%3.6%5.4%5.2%4.8%
HV 20d9.4%7.7%10.4%10.1%8.0%
HV 60d9.9%9.3%10.5%10.5%9.3%
IV Rank5.6%0.0%17.3%9.2%6.4%
IV Percentile27.4%0.0%79.8%54.0%36.1%
Term Structure-1.9%-5.2%0.3%-4.4%-2.8%
Skew 25d1.8%0.5%4.1%2.1%2.1%
Skew 10d6.0%-5.2%12.1%6.3%6.1%
Call IV 25d16.1%12.9%20.4%19.9%18.7%
Put IV 25d17.9%15.3%22.1%22.1%20.7%
Bid-Ask Spread %154.31150.16157.98154.36155.08
Gamma HHI0.770.750.780.750.78
Net GEX1.7K1.4K2.1K2.1K1.5K
Net DEX-33.7K-36.4K-27.5K-27.5K-36.1K
Net VEX-44-64-31-64-31
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI66666

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$66.79$0.0018.2%5.2%10.1%9.2%0.0%2.1%-4.4%2.1K-27.5K-640.00154.36N/AN/A0060
2025-09-03$67.08$0.0018.8%5.4%10.1%10.3%0.0%1.3%-5.2%2.0K-29.8K-610.00154.74N/AN/A0060
2025-09-04$67.69$0.0017.7%3.7%10.3%8.2%0.0%2.7%0.3%2.0K-30.8K-580.00155.13N/AN/A0060
2025-09-05$67.52$0.0017.6%3.6%10.4%7.9%0.0%1.6%-0.3%1.9K-31.6K-540.00151.08N/AN/A0060
2025-09-08$67.49$0.0021.9%4.1%9.9%16.8%0.0%1.6%-1.2%2.0K-31.4K-530.00157.89N/AN/A0060
2025-09-09$67.69$0.0022.2%3.9%9.9%17.3%0.0%2.4%-1.2%1.9K-31.6K-530.00157.98N/AN/A0060
2025-09-10$67.52$0.0013.8%4.0%9.4%0.2%0.0%1.3%-1.9%1.9K-31.8K-520.00156.97N/AN/A0060
2025-09-11$68.44$0.0013.4%3.9%10.2%0.0%0.0%2.4%-1.3%1.6K-34.7K-430.00153.53N/AN/A0060
2025-09-12$68.47$0.0014.4%4.1%10.2%1.9%0.0%1.6%-1.4%1.6K-34.3K-440.00155.95N/AN/A0060
2025-09-15$68.58$0.0014.8%4.2%10.1%2.7%0.0%1.4%-2.3%1.6K-34.5K-430.00156.31N/AN/A0060
2025-09-16$68.56$0.0014.8%4.3%10.1%2.8%0.0%1.1%-1.9%1.6K-34.8K-420.00155.70N/AN/A0060
2025-09-17$68.64$0.0014.3%4.1%10.0%1.7%0.0%1.4%-0.7%1.6K-34.4K-430.00150.26N/AN/A0060
2025-09-18$68.98$0.0014.9%4.3%10.0%2.9%0.0%1.9%-2.1%1.4K-35.9K-370.00153.97N/AN/A0060
2025-09-19$68.82$0.0014.6%4.2%9.9%2.3%0.0%2.3%-0.5%1.5K-35.4K-380.00154.17N/AN/A0060
2025-09-22$69.19$0.0015.0%4.3%7.7%3.2%0.0%3.0%-0.4%1.4K-36.4K-340.00150.89N/AN/A0060
2025-09-23$68.78$0.0015.4%4.4%8.0%4.0%0.0%0.5%-2.0%1.4K-36.1K-330.00150.16N/AN/A0060
2025-09-24$68.59$0.0015.4%4.4%8.1%3.9%0.0%0.8%-2.1%1.5K-35.8K-340.00153.09N/AN/A0060
2025-09-25$68.09$0.0016.3%4.7%8.5%5.7%0.0%4.1%-2.7%1.7K-34.1K-410.00153.40N/AN/A0060
2025-09-26$68.57$0.0015.9%4.6%8.8%5.0%0.0%1.6%-3.2%1.6K-35.2K-360.00154.04N/AN/A0060
2025-09-29$68.69$0.0016.6%4.7%8.7%6.3%0.0%1.1%-3.2%1.5K-35.9K-330.00155.72N/AN/A0060
2025-09-30$68.89$0.0016.6%4.8%8.0%6.4%0.0%2.1%-2.8%1.5K-36.1K-310.00155.08N/AN/A0060