FXI Options History — September 2014

In September 2014, FXI traded between $38.27 and $42.52. ATM implied volatility averaged 18.6%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 0.4% (HV 20d: 18.2%). Max pain ranged from $39.00 to $40.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.77.

Notable Days

  • 2014-09-30: Highest Volume — 207,514 contracts
  • 2014-09-03: Largest IV spike — 11.1% change
  • 2014-09-29: Highest IV Rank — 47.0%
  • 2014-09-29: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.44$38.27$42.52$40.71$38.28
Max Pain$39.62$39.00$40.00$39.00$40.00
ATM IV18.6%15.6%21.2%15.6%21.1%
Expected Move5.5%5.3%5.9%5.3%5.9%
HV 20d18.2%14.8%21.9%14.8%21.7%
HV 60d16.6%14.9%17.8%14.9%17.8%
IV Rank25.8%1.2%47.0%1.2%46.1%
IV Percentile27.9%1.2%61.5%1.2%60.3%
Term Structure0.1%-0.3%0.7%0.4%-0.1%
VWIV20.3%18.5%23.0%20.9%21.8%
Skew 25d0.8%-0.0%2.1%0.4%2.1%
Skew 10d1.4%-0.5%4.6%0.6%4.6%
Call IV 25d18.7%15.9%20.9%15.9%20.8%
Put IV 25d19.5%16.3%22.8%16.3%22.8%
Bid-Ask Spread %12.5710.7416.3111.3114.40
Gamma HHI0.090.070.130.070.09
Net GEX-22.9M-98.3M48.7M408.9K-98.3M
Net DEX336.1M-943.2M1.64B105.0M1.64B
Net VEX-11.6M-13.2M-10.2M-10.8M-13.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.770.534.234.232.78
Total Volume121,515.8143,042207,51443,042207,514
Total OI2,733,113.5242,475,3833,039,8702,521,2112,838,265

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-09-02$40.71$39.0015.6%5.3%14.8%1.2%20.9%0.4%0.4%408.9K105.0M-10.8M4.2311.318,22534,817991,8781,529,333
2014-09-03$42.06$39.0017.3%5.4%17.9%13.4%19.8%0.5%0.2%32.0M-701.2M-10.2M0.9912.0547,76847,079994,9901,548,612
2014-09-04$42.19$39.0017.3%5.4%17.6%15.6%23.0%-0.0%-0.1%39.0M-777.8M-10.3M1.0010.7435,76635,6711,026,4611,573,002
2014-09-05$42.52$39.0017.3%5.3%17.2%15.3%18.5%0.6%0.3%48.3M-943.2M-11.1M0.9211.0443,95940,3891,061,2671,597,590
2014-09-08$42.29$39.0017.4%5.3%16.8%16.3%18.7%0.2%0.2%48.7M-813.3M-11.1M2.9112.0118,15252,8701,077,5521,595,445
2014-09-09$41.99$39.0017.9%5.4%16.6%20.7%18.7%0.6%-0.2%33.7M-583.7M-10.5M2.2411.4433,69875,5911,051,5151,620,687
2014-09-10$41.25$39.0018.1%5.5%17.9%22.1%20.1%0.7%-0.2%-24.7M9.9M-11.5M3.0611.6030,03491,8121,063,9251,680,672
2014-09-11$41.11$39.0018.1%5.5%17.4%22.5%20.0%0.5%-0.0%-57.0M142.0M-10.9M1.9511.0958,578114,2931,074,5001,720,034
2014-09-12$40.95$40.0018.7%5.5%17.0%26.6%19.3%1.2%-0.3%-64.5M254.7M-11.7M1.1611.4638,35244,3801,090,2231,736,771
2014-09-15$40.37$40.0019.5%5.6%17.7%33.2%19.6%0.9%0.0%-24.1M549.7M-11.4M2.5612.4127,61070,5631,100,6261,731,385
2014-09-16$40.63$40.0020.3%5.7%17.6%39.6%19.9%0.6%0.1%-9.1M372.2M-11.9M0.7412.00106,48078,4961,114,2101,753,712
2014-09-17$40.34$40.0018.8%5.6%17.7%27.9%20.1%0.9%0.5%-14.8M571.0M-11.7M0.6314.0590,99857,0831,139,3091,742,690
2014-09-18$40.28$40.0018.5%5.5%17.6%25.3%20.3%0.5%0.7%-23.6M573.0M-11.9M0.5314.2490,58448,2711,190,2241,755,849
2014-09-19$39.87$40.0018.0%5.4%17.4%21.3%21.8%0.6%0.6%-45.2M834.4M-12.2M2.0113.4163,915128,6861,260,3401,779,530
2014-09-22$39.12$40.0019.5%5.6%18.3%33.6%20.4%1.2%0.1%-56.4M923.6M-11.7M0.9312.1872,55667,2621,039,2391,436,144
2014-09-23$39.08$40.0018.6%5.5%17.9%25.8%19.8%1.0%0.2%-55.0M965.7M-11.6M0.7410.9078,72658,3211,083,9911,472,802
2014-09-24$39.84$40.0018.5%5.5%19.5%25.2%20.7%0.7%0.2%-19.9M404.3M-12.6M1.3913.6761,59285,8161,141,1031,496,734
2014-09-25$39.00$40.0019.4%5.7%20.6%32.7%22.1%1.6%-0.2%-53.9M1.03B-13.2M1.5912.4338,49961,1871,177,9401,553,870
2014-09-26$39.19$40.0019.2%5.7%20.4%31.2%19.6%0.7%0.3%-53.0M973.0M-12.6M0.6516.3138,57624,8911,196,1381,602,559
2014-09-29$38.27$40.0021.2%5.9%21.9%47.0%21.8%1.7%-0.3%-82.8M1.54B-12.6M4.1315.2927,834114,9381,168,1651,586,102
2014-09-30$38.28$40.0021.1%5.9%21.7%46.1%21.8%2.1%-0.1%-98.3M1.64B-13.0M2.7814.4054,846152,6681,178,9901,659,275