FXI Options History — April 2009

In April 2009, FXI traded between $29.22 and $33.09. ATM implied volatility averaged 51.9%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 15.1%. IV traded below realized volatility by 1.4% (HV 20d: 53.4%). Max pain ranged from $25.00 to $29.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.27.

Notable Days

  • 2009-04-16: Highest Volume — 163,454 contracts
  • 2009-04-08: Largest IV drop — 8.0% change
  • 2009-04-02: Highest IV Rank — 20.4%
  • 2009-04-03: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.49$29.22$33.09$29.22$31.98
Max Pain$27.43$25.00$29.00$25.00$28.00
ATM IV51.9%47.2%56.5%55.7%47.2%
Expected Move15.1%13.5%16.2%16.0%13.5%
HV 20d53.4%41.8%64.3%64.3%43.0%
HV 60d59.6%56.7%64.6%63.7%57.2%
IV Rank16.4%12.3%20.4%19.7%12.3%
IV Percentile43.1%37.3%49.2%48.4%37.3%
Term Structure-0.0%-2.6%1.9%1.7%-0.0%
VWIV54.1%48.4%60.5%57.0%48.8%
Skew 25d8.5%6.5%10.7%8.0%7.8%
Skew 10d16.0%11.5%20.0%17.4%20.0%
Call IV 25d48.4%43.8%53.7%51.5%44.1%
Put IV 25d57.0%51.9%62.1%59.5%51.9%
Bid-Ask Spread %8.255.3013.9213.928.02
Gamma HHI0.150.090.220.200.10
Net GEX15.4M1.0M28.8M21.0M5.9M
Net DEX-1.09B-1.81B-410.4M-880.7M-740.5M
Net VEX-6.2M-7.0M-5.8M-6.3M-6.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.270.314.680.741.51
Total Volume67,412.1919,413163,45441,15379,564
Total OI1,475,612.5711,256,2651,718,9161,387,3211,481,617

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-04-01$29.22$25.0055.7%16.0%64.3%19.7%57.0%8.0%1.7%21.0M-880.7M-6.3M0.7413.9223,63217,521803,959583,362
2009-04-02$30.80$25.0056.5%16.2%61.2%20.4%56.3%8.4%0.6%20.2M-1.23B-6.3M0.4111.0381,39232,973816,094598,052
2009-04-03$30.95$27.0053.3%16.2%61.1%17.6%60.5%10.7%-2.6%25.6M-1.31B-6.4M0.7410.2924,24117,845873,653617,376
2009-04-06$30.90$27.0054.1%16.1%60.6%18.3%59.5%9.9%-2.4%25.3M-1.28B-6.2M1.489.5428,40042,003853,704624,693
2009-04-07$30.29$27.0053.6%16.0%56.5%17.9%57.4%9.4%-1.7%26.4M-1.13B-6.3M0.666.6842,95728,136866,465648,845
2009-04-08$30.51$27.0049.3%15.3%55.5%14.1%55.5%8.8%-0.7%28.8M-1.21B-6.1M2.358.7913,33331,362875,752638,556
2009-04-09$31.85$27.0051.1%14.7%56.1%15.7%52.5%8.3%-0.0%27.5M-1.53B-6.0M1.858.3218,74834,697876,382663,611
2009-04-13$32.17$27.0052.9%15.2%56.0%17.2%53.4%7.7%-1.1%24.1M-1.61B-5.8M0.319.0723,3717,340878,076681,259
2009-04-14$32.07$27.0053.2%15.3%55.9%17.5%55.5%8.6%-1.8%26.1M-1.61B-5.8M1.769.1130,94154,450886,833682,116
2009-04-15$33.09$27.0054.0%15.5%56.5%18.2%56.5%9.0%-1.7%20.5M-1.81B-5.9M1.007.2854,80055,068885,633725,022
2009-04-16$32.94$28.0053.0%15.2%56.7%17.4%55.4%9.0%-1.1%25.8M-1.78B-5.8M1.126.2677,19986,255898,871747,206
2009-04-17$32.44$28.0050.2%14.4%56.5%14.9%50.7%8.5%0.8%15.3M-1.67B-5.9M0.987.3923,95623,578918,294800,622
2009-04-20$31.37$28.0053.3%15.3%56.9%17.6%54.5%8.9%0.5%4.2M-630.7M-5.9M0.897.2432,46229,033618,639637,626
2009-04-21$32.23$28.0051.7%14.8%47.2%16.2%53.7%8.5%1.6%5.3M-780.4M-5.9M1.348.9431,49142,053629,218649,169
2009-04-22$31.14$28.0051.9%14.9%48.5%16.3%52.1%8.3%1.8%3.3M-574.0M-6.1M1.316.3124,78032,513647,651685,356
2009-04-23$31.71$29.0050.7%14.5%48.7%15.3%55.2%8.1%1.9%3.7M-677.9M-6.2M1.258.8664,98481,507656,469700,372
2009-04-24$32.32$28.0048.7%13.9%45.9%13.5%49.2%7.6%1.4%5.9M-845.3M-7.0M1.067.339,4449,969704,312760,556
2009-04-27$30.89$28.0051.4%14.7%48.6%15.9%51.5%9.1%0.5%3.0M-523.5M-6.8M0.756.6516,20112,191694,649758,672
2009-04-28$30.55$29.0050.8%14.6%41.8%15.4%52.0%6.5%0.7%1.0M-410.4M-6.7M4.685.305,38125,179681,091771,615
2009-04-29$31.96$28.0047.6%13.7%43.6%12.6%48.4%8.3%1.3%4.0M-706.7M-6.8M0.386.9832,31312,393679,715786,701
2009-04-30$31.98$28.0047.2%13.5%43.0%12.3%48.8%7.8%-0.0%5.9M-740.5M-6.7M1.518.0231,64247,922704,913776,704