FVAL Options History — February 2026

In February 2026, FVAL traded between $72.69 and $74.41. ATM implied volatility averaged 17.0%, placing in the 7.3% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 3.7% (HV 20d: 13.3%). Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 4 of 19 days.

Notable Days

  • 2026-02-11: Largest IV drop — 23.3% change
  • 2026-02-10: Highest IV Rank — 13.1%
  • 2026-02-23: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$73.58$72.69$74.41$74.41$73.00
ATM IV17.0%15.2%19.9%15.9%17.9%
Expected Move4.7%4.3%5.1%4.5%5.1%
HV 20d13.3%11.3%14.8%11.3%13.7%
HV 60d11.3%10.8%11.9%11.2%11.0%
IV Rank7.3%3.7%13.1%4.9%9.1%
IV Percentile45.3%19.8%73.0%29.0%60.3%
Term Structure-1.2%-3.9%1.6%-1.1%-2.2%
Skew 25d1.9%0.1%3.7%3.7%2.3%
Skew 10d9.4%0.9%13.7%7.2%1.7%
Call IV 25d16.9%14.4%19.4%16.1%18.8%
Put IV 25d18.8%16.9%21.6%19.8%21.0%
Bid-Ask Spread %150.00132.39160.35134.10158.35
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$74.41$0.0015.9%4.5%11.3%4.9%0.0%3.7%-1.1%0000.00134.10N/AN/A0000
2026-02-03$73.62$0.0015.9%4.6%11.8%5.0%0.0%0.1%-2.6%0000.00132.39N/AN/A0000
2026-02-04$73.91$0.0017.6%5.0%11.5%8.4%0.0%2.3%-1.8%0000.00133.87N/AN/A0000
2026-02-05$72.69$0.0018.6%4.6%12.9%10.5%0.0%2.4%-0.2%0000.00148.25N/AN/A0000
2026-02-06$74.07$0.0017.5%4.3%14.5%8.2%0.0%2.8%1.6%0000.00152.06N/AN/A0000
2026-02-09$74.18$0.0019.2%4.4%14.4%11.6%0.0%1.7%0.0%0000.00154.70N/AN/A0000
2026-02-10$74.13$0.0019.9%4.4%14.4%13.1%0.0%1.8%-0.2%0000.00155.97N/AN/A0000
2026-02-11$74.13$0.0015.2%4.4%13.9%3.7%0.0%1.3%-0.4%0000.00151.92N/AN/A0000
2026-02-12$73.19$0.0016.8%4.8%14.7%6.9%0.0%0.9%-3.9%0000.00148.61N/AN/A0000
2026-02-13$72.92$0.0015.7%4.5%14.8%4.6%0.0%2.1%1.1%0000.00149.97N/AN/A0000
2026-02-17$73.07$0.0016.1%4.6%14.8%5.4%0.0%1.8%0.5%0000.00148.62N/AN/A0000
2026-02-18$73.47$0.0016.3%4.7%13.0%5.8%0.0%1.9%-0.5%0000.00153.87N/AN/A0000
2026-02-19$73.22$0.0016.9%4.8%12.2%7.0%0.0%2.1%-2.0%0000.00155.40N/AN/A0000
2026-02-20$73.87$0.0015.9%4.6%12.4%5.0%0.0%2.9%-1.2%0000.00154.52N/AN/A0000
2026-02-23$73.02$0.0017.9%5.1%13.1%9.1%0.0%0.9%-3.5%0000.00148.57N/AN/A0000
2026-02-24$73.62$0.0016.3%4.7%13.2%5.9%0.0%2.7%-2.1%0000.00153.69N/AN/A0000
2026-02-25$73.92$0.0016.9%4.8%13.3%7.0%0.0%2.2%-2.8%0000.00160.35N/AN/A0000
2026-02-26$73.50$0.0017.1%4.9%13.5%7.3%0.0%1.0%-2.1%0000.00154.85N/AN/A0000
2026-02-27$73.00$0.0017.9%5.1%13.7%9.1%0.0%2.3%-2.2%0000.00158.35N/AN/A0000