FVAL Options History — January 2026

In January 2026, FVAL traded between $71.81 and $74.03. ATM implied volatility averaged 17.8%, placing in the 8.8% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 8.3% (HV 20d: 9.4%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 12 of 20 days.

Notable Days

  • 2026-01-14: Largest IV drop — 53.1% change
  • 2026-01-13: Highest IV Rank — 34.9%
  • 2026-01-02: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$73.37$71.81$74.03$72.53$73.87
ATM IV17.8%14.2%30.6%16.6%15.5%
Expected Move4.2%3.7%4.8%4.8%4.4%
HV 20d9.4%7.6%11.3%7.7%11.0%
HV 60d11.3%10.6%12.0%11.9%11.3%
IV Rank8.8%1.6%34.9%6.5%4.2%
IV Percentile39.2%2.8%92.1%40.1%23.8%
Term Structure-0.1%-4.5%1.5%-4.5%-1.2%
Skew 25d1.9%0.3%2.9%1.0%2.0%
Skew 10d4.9%0.9%6.2%0.9%5.4%
Call IV 25d15.3%12.8%19.8%19.8%17.2%
Put IV 25d17.1%15.2%20.8%20.8%19.2%
Bid-Ask Spread %137.12132.02148.21148.21135.09
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$72.53$0.0016.6%4.8%7.7%6.5%0.0%1.0%-4.5%0000.00148.21N/AN/A0000
2026-01-05$73.09$0.0018.5%3.8%8.0%10.3%0.0%1.9%0.6%0000.00138.59N/AN/A0000
2026-01-06$73.69$0.0018.9%3.7%8.3%11.1%0.0%2.9%1.3%0000.00136.80N/AN/A0000
2026-01-07$73.36$0.0021.4%4.0%8.2%16.2%0.0%0.9%-1.9%0000.00136.25N/AN/A0000
2026-01-08$73.71$0.0020.6%3.8%8.3%14.4%0.0%2.4%1.1%0000.00136.44N/AN/A0000
2026-01-09$74.03$0.0021.4%3.8%7.6%16.1%0.0%2.2%1.5%0000.00135.36N/AN/A0000
2026-01-12$73.78$0.0027.5%3.9%7.8%28.4%0.0%2.5%0.8%0000.00137.10N/AN/A0000
2026-01-13$73.12$0.0030.6%4.0%8.3%34.9%0.0%0.3%-1.9%0000.00134.42N/AN/A0000
2026-01-14$73.07$0.0014.4%4.1%8.3%1.9%0.0%1.9%0.6%0000.00137.30N/AN/A0000
2026-01-15$73.24$0.0014.2%4.1%8.2%1.6%0.0%1.7%1.0%0000.00138.25N/AN/A0000
2026-01-16$73.23$0.0014.3%4.1%7.7%1.8%0.0%1.4%1.4%0000.00138.08N/AN/A0000
2026-01-20$71.81$0.0015.9%4.6%10.2%5.0%0.0%1.1%-1.1%0000.00135.35N/AN/A0000
2026-01-21$72.78$0.0014.2%4.1%11.3%1.6%0.0%2.3%0.2%0000.00132.50N/AN/A0000
2026-01-22$73.30$0.0014.8%4.2%11.3%2.8%0.0%1.2%0.9%0000.00137.66N/AN/A0000
2026-01-23$73.34$0.0014.9%4.3%11.3%3.0%0.0%1.4%0.6%0000.00138.49N/AN/A0000
2026-01-26$73.77$0.0015.0%4.3%11.3%3.2%0.0%2.8%-0.4%0000.00138.44N/AN/A0000
2026-01-27$73.86$0.0015.5%4.4%11.3%4.2%0.0%2.3%-0.7%0000.00138.79N/AN/A0000
2026-01-28$73.94$0.0016.2%4.6%11.3%5.5%0.0%2.2%-0.6%0000.00137.33N/AN/A0000
2026-01-29$73.91$0.0015.2%4.3%11.3%3.5%0.0%2.8%0.6%0000.00132.02N/AN/A0000
2026-01-30$73.87$0.0015.5%4.4%11.0%4.2%0.0%2.0%-1.2%0000.00135.09N/AN/A0000