FVAL Options History — October 2025

In October 2025, FVAL traded between $67.66 and $71.19. ATM implied volatility averaged 18.1%, placing in the 9.5% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 7.5% (HV 20d: 10.6%). Max pain ranged from $64.00 to $64.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days.

Notable Days

  • 2025-10-15: Largest IV drop — 54.4% change
  • 2025-10-14: Highest IV Rank — 38.2%
  • 2025-10-02: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$69.51$67.66$71.19$69.31$70.98
Max Pain$64.00$64.00$64.00$64.00$64.00
ATM IV18.1%14.3%32.3%17.0%15.8%
Expected Move4.3%3.7%5.1%4.9%4.5%
HV 20d10.6%6.3%12.8%8.1%12.8%
HV 60d10.2%9.2%11.1%9.3%10.3%
IV Rank9.5%1.8%38.2%7.2%4.8%
IV Percentile39.0%3.6%93.3%42.9%25.8%
Term Structure-0.2%-4.4%3.3%-3.5%-0.2%
Skew 25d2.2%0.9%4.9%3.1%4.9%
Skew 10d4.8%2.5%8.3%7.2%8.3%
Call IV 25d15.4%13.9%19.0%17.8%14.0%
Put IV 25d17.6%15.2%21.6%21.0%18.9%
Bid-Ask Spread %131.81123.64153.07151.51128.29
Gamma HHI0.810.780.860.790.86
Net GEX1.1K3351.8K1.2K335
Net DEX-38.6K-42.1K-34.8K-38.0K-42.0K
Net VEX-18-31-3-26-3
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI66666

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-10-01$69.31$0.0017.0%4.9%8.1%7.2%0.0%3.1%-3.5%1.2K-38.0K-260.00151.51N/AN/A0060
2025-10-02$69.29$0.0017.8%5.1%7.6%8.8%0.0%2.1%-3.8%1.2K-37.7K-260.00153.07N/AN/A0060
2025-10-03$69.54$0.0017.3%5.0%7.5%7.9%0.0%3.4%-4.4%1.1K-38.3K-220.00152.48N/AN/A0060
2025-10-06$69.59$64.0019.1%3.8%7.5%11.4%0.0%1.8%1.6%1.1K-38.6K-220.00129.23N/AN/A0060
2025-10-07$69.31$64.0020.1%3.9%7.7%13.6%0.0%1.3%0.7%1.2K-38.1K-220.00128.33N/AN/A0060
2025-10-08$69.48$64.0021.4%4.1%7.6%16.2%0.0%1.7%0.3%1.2K-38.3K-210.00129.72N/AN/A0060
2025-10-09$69.22$64.0022.0%4.0%6.3%17.3%0.0%0.9%0.5%1.3K-37.8K-240.00128.49N/AN/A0060
2025-10-10$67.66$64.0021.9%3.7%10.4%17.2%0.0%1.2%3.3%1.5K-35.9K-270.00125.74N/AN/A0060
2025-10-13$68.33$64.0030.6%4.3%11.0%34.8%0.0%2.3%1.6%1.7K-35.2K-290.00129.30N/AN/A0060
2025-10-14$68.33$64.0032.3%4.5%11.0%38.2%0.0%2.4%0.7%1.8K-34.8K-310.00127.05N/AN/A0060
2025-10-15$68.58$64.0014.7%4.2%11.1%2.5%0.0%1.8%0.1%1.5K-36.5K-250.00123.64N/AN/A0060
2025-10-16$68.07$64.0015.8%4.5%11.3%4.8%0.0%1.5%1.8%1.7K-35.7K-250.00124.98N/AN/A0060
2025-10-17$68.74$64.0016.1%4.6%11.8%5.4%0.0%2.8%0.9%1.5K-36.1K-260.00127.85N/AN/A0060
2025-10-20$69.58$64.0014.3%4.1%12.5%1.8%0.0%2.7%-0.0%1.0K-39.2K-150.00129.83N/AN/A0060
2025-10-21$69.78$64.0014.4%4.1%12.3%2.0%0.0%2.1%-0.3%951-39.6K-140.00131.09N/AN/A0060
2025-10-22$69.36$64.0015.2%4.4%12.5%3.6%0.0%1.5%-0.8%1.1K-38.9K-160.00129.40N/AN/A0060
2025-10-23$69.66$64.0014.4%4.1%12.2%2.0%0.0%2.2%-0.4%955-39.6K-130.00130.96N/AN/A0060
2025-10-24$70.21$64.0014.6%4.2%12.2%2.3%0.0%1.9%-0.5%688-40.7K-90.00132.35N/AN/A0060
2025-10-27$70.85$64.0014.8%4.2%12.5%2.8%0.0%2.1%-1.4%440-41.7K-50.00131.70N/AN/A0060
2025-10-28$71.19$64.0015.4%4.4%12.6%3.9%0.0%2.0%-0.2%336-42.1K-40.00130.15N/AN/A0060
2025-10-29$71.06$64.0015.6%4.5%12.5%4.4%0.0%1.1%0.9%355-42.0K-40.00127.61N/AN/A0060
2025-10-30$70.65$64.0016.0%4.6%12.8%5.1%0.0%3.3%-2.6%510-41.4K-60.00128.86N/AN/A0060
2025-10-31$70.98$64.0015.8%4.5%12.8%4.8%0.0%4.9%-0.2%335-42.0K-30.00128.29N/AN/A0060