FVAL Options History — November 2025

In November 2025, FVAL traded between $68.12 and $71.34. ATM implied volatility averaged 17.3%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 4.3% (HV 20d: 13.1%). Max pain ranged from $64.00 to $64.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 5 of 19 days.

Notable Days

  • 2025-11-12: Largest IV drop — 21.8% change
  • 2025-11-20: Highest IV Rank — 12.7%
  • 2025-11-20: Largest Expected Move — 5.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$70.15$68.12$71.34$70.87$71.23
Max Pain$64.00$64.00$64.00$64.00$64.00
ATM IV17.3%14.9%19.7%17.3%17.0%
Expected Move4.7%4.0%5.6%5.0%4.9%
HV 20d13.1%11.0%14.9%12.8%14.8%
HV 60d11.1%10.1%12.0%10.1%11.9%
IV Rank7.9%3.1%12.7%7.8%7.3%
IV Percentile47.1%14.3%71.8%46.8%44.8%
Term Structure-1.7%-10.5%1.3%-2.1%-4.1%
Skew 25d1.8%-1.1%4.7%-1.1%0.7%
Skew 10d8.7%-1.3%14.4%-0.9%3.9%
Call IV 25d16.3%14.2%19.2%16.0%18.4%
Put IV 25d18.0%15.0%20.8%15.0%19.0%
Bid-Ask Spread %145.69128.89158.10129.63158.10
Gamma HHI0.850.790.900.840.79
Net GEX49501.7K3940
Net DEX-32.3K-42.7K0-41.8K0
Net VEX-2-60-40
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI4.7370660

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-11-03$70.87$64.0017.3%5.0%12.8%7.8%0.0%-1.1%-2.1%394-41.8K-40.00129.63N/AN/A0060
2025-11-04$70.25$64.0017.7%5.1%13.2%8.7%0.0%2.0%-0.3%563-41.1K-50.00129.99N/AN/A0060
2025-11-05$70.66$64.0016.9%4.8%13.3%6.9%0.0%4.3%-2.5%623-41.1K-60.00128.89N/AN/A0060
2025-11-06$69.81$0.0017.9%4.3%14.0%9.0%0.0%1.7%0.1%704-40.6K-60.00143.62N/AN/A0060
2025-11-07$69.75$0.0018.5%4.1%11.0%10.3%0.0%1.5%1.1%684-40.7K-60.00144.81N/AN/A0060
2025-11-10$70.81$0.0018.8%4.0%11.7%10.9%0.0%1.7%1.3%271-42.1K-20.00149.94N/AN/A0060
2025-11-11$71.12$0.0019.1%4.0%11.7%11.5%0.0%1.5%1.1%232-42.3K-10.00152.71N/AN/A0060
2025-11-12$71.34$0.0014.9%4.3%11.7%3.1%0.0%1.5%-0.5%124-42.7K-10.00152.93N/AN/A0060
2025-11-13$70.34$0.0015.8%4.5%12.6%4.8%0.0%0.9%-1.5%398-41.6K-20.00149.62N/AN/A0060
2025-11-14$70.29$0.0016.4%4.7%12.2%6.1%0.0%1.9%0.0%401-41.6K-20.00146.38N/AN/A0060
2025-11-17$69.28$0.0017.7%5.1%12.7%8.6%0.0%0.9%-4.9%779-40.4K-30.00142.47N/AN/A0060
2025-11-18$69.05$0.0018.4%5.3%12.7%10.1%0.0%2.1%-1.2%950-39.9K-30.00144.61N/AN/A0060
2025-11-19$69.02$0.0017.5%5.0%12.5%8.3%0.0%2.2%-0.8%1.0K-39.6K-30.00147.66N/AN/A0060
2025-11-20$68.12$0.0019.7%5.6%13.2%12.7%0.0%0.0%-10.5%1.7K-37.6K-30.00142.16N/AN/A0060
2025-11-21$69.19$0.0017.3%5.0%14.1%7.9%0.0%2.0%-0.3%538-40.9K00.00146.22N/AN/A0060
2025-11-24$69.92$0.0016.3%4.7%14.3%5.8%0.0%2.1%-0.8%0000.00151.62N/AN/A0000
2025-11-25$70.69$0.0015.8%4.5%14.7%4.9%0.0%3.0%-2.2%0000.00150.62N/AN/A0000
2025-11-26$71.15$0.0016.5%4.7%14.9%6.3%0.0%4.7%-3.8%0000.00156.24N/AN/A0000
2025-11-28$71.23$0.0017.0%4.9%14.8%7.3%0.0%0.7%-4.1%0000.00158.10N/AN/A0000