FVAL Options History — December 2025

In December 2025, FVAL traded between $71.16 and $73.22. ATM implied volatility averaged 16.3%, placing in the 5.8% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 5.1% (HV 20d: 11.2%). Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 1 of 22 days.

Notable Days

  • 2025-12-10: Largest IV drop — 35.7% change
  • 2025-12-09: Highest IV Rank — 16.7%
  • 2025-12-02: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$72.17$71.16$73.22$71.16$72.48
ATM IV16.3%13.9%21.7%17.7%17.9%
Expected Move4.4%4.0%5.2%5.1%5.1%
HV 20d11.2%7.3%14.7%14.7%7.8%
HV 60d11.9%11.6%12.0%11.9%11.9%
IV Rank5.8%1.0%16.7%8.6%9.0%
IV Percentile30.5%2.0%80.6%52.0%57.5%
Term Structure-2.2%-5.7%0.9%-4.6%-5.7%
Skew 25d1.6%0.7%5.3%1.5%0.7%
Skew 10d3.6%0.7%15.7%4.6%0.7%
Call IV 25d16.3%13.8%19.6%19.2%19.0%
Put IV 25d17.9%16.4%20.9%20.8%19.7%
Bid-Ask Spread %151.99148.03156.60156.60149.62
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$71.16$0.0017.7%5.1%14.7%8.6%0.0%1.5%-4.6%0000.00156.60N/AN/A0000
2025-12-02$71.34$0.0018.1%5.2%14.7%9.5%0.0%5.3%-4.7%0000.00156.58N/AN/A0000
2025-12-03$71.59$0.0017.8%5.1%14.3%8.9%0.0%1.3%-4.8%0000.00155.37N/AN/A0000
2025-12-04$71.42$0.0019.3%4.3%14.3%11.9%0.0%1.6%-1.7%0000.00154.86N/AN/A0000
2025-12-05$71.78$0.0019.1%4.1%13.5%11.4%0.0%2.0%-1.0%0000.00156.32N/AN/A0000
2025-12-08$71.41$0.0021.5%4.4%13.7%16.3%0.0%0.9%-2.2%0000.00155.85N/AN/A0000
2025-12-09$71.52$0.0021.7%4.2%12.7%16.7%0.0%1.5%-1.4%0000.00156.54N/AN/A0000
2025-12-10$72.31$0.0013.9%4.0%13.2%1.0%0.0%2.9%0.9%0000.00149.64N/AN/A0000
2025-12-11$72.51$0.0014.1%4.0%13.2%1.4%0.0%3.0%-0.9%0000.00153.36N/AN/A0000
2025-12-12$72.13$0.0014.3%4.1%12.2%1.9%0.0%1.2%-1.0%0000.00150.48N/AN/A0000
2025-12-15$72.28$0.0014.7%4.2%12.1%2.5%0.0%0.9%-1.6%0000.00149.60N/AN/A0000
2025-12-16$72.07$0.0014.4%4.1%10.7%1.9%0.0%1.9%-0.1%0000.00148.03N/AN/A0000
2025-12-17$71.59$0.0014.4%4.1%11.0%2.0%0.0%1.2%-2.7%0000.00148.97N/AN/A0000
2025-12-18$72.19$0.0014.8%4.2%11.2%2.8%0.0%1.5%-1.8%0000.00149.36N/AN/A0000
2025-12-19$72.17$0.0014.4%4.1%9.7%1.9%0.0%1.3%-1.7%0000.00149.31N/AN/A0000
2025-12-22$72.69$0.0014.4%4.1%8.7%2.0%0.0%1.3%-2.3%0000.00151.31N/AN/A0000
2025-12-23$72.91$0.0014.7%4.2%8.1%2.6%0.0%1.5%-1.9%0000.00150.66N/AN/A0000
2025-12-24$73.22$0.0014.4%4.1%7.5%1.9%0.0%1.5%-1.6%0000.00150.07N/AN/A0000
2025-12-26$73.17$0.0015.1%4.3%7.3%3.4%0.0%1.1%-2.5%0000.00149.50N/AN/A0000
2025-12-29$72.95$0.0015.6%4.5%7.5%4.4%0.0%1.1%-3.0%0000.00150.60N/AN/A0000
2025-12-30$72.86$0.0016.1%4.6%7.5%5.4%0.0%0.9%-3.1%0000.00151.07N/AN/A0000
2025-12-31$72.48$0.0017.9%5.1%7.8%9.0%0.0%0.7%-5.7%0000.00149.62N/AN/A0000