FXI Options History — January 2019

In January 2019, FXI traded between $38.16 and $42.94. ATM implied volatility averaged 21.6%, placing in the 34.2% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 1.6% (HV 20d: 20.1%). Max pain ranged from $40.00 to $41.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.93.

Notable Days

2019-01-30: Highest Volume — 448,116 contracts
2019-01-04: Largest IV drop — 10.5% change
2019-01-03: Highest IV Rank — 67.0%
2019-01-02: Largest Expected Move — 7.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.68	$38.16	$42.94	$38.59	$42.94
Max Pain	$40.21	$40.00	$41.00	$41.00	$40.00
ATM IV	21.6%	19.4%	26.6%	25.9%	20.1%
Expected Move	6.2%	5.6%	7.5%	7.5%	5.9%
HV 20d	20.1%	16.7%	21.3%	17.0%	20.1%
HV 60d	24.2%	21.8%	25.8%	24.8%	21.8%
IV Rank	34.2%	19.9%	67.0%	62.0%	24.3%
IV Percentile	36.7%	11.5%	81.7%	73.8%	21.8%
Term Structure	0.1%	-0.9%	1.0%	-0.6%	0.3%
VWIV	21.7%	19.6%	26.8%	26.8%	20.3%
Skew 25d	2.6%	1.5%	5.1%	4.8%	2.7%
Skew 10d	5.1%	2.8%	9.8%	9.6%	5.8%
Call IV 25d	20.6%	18.8%	24.4%	23.8%	19.2%
Put IV 25d	23.2%	20.8%	29.5%	28.6%	21.9%
Bid-Ask Spread %	2.02	1.61	2.82	2.82	2.38
Gamma HHI	0.08	0.07	0.12	0.10	0.12
Net GEX	49.0M	-104.8M	214.8M	-91.8M	214.8M
Net DEX	-144.2M	-2.55B	2.28B	2.14B	-2.55B
Net VEX	-14.8M	-15.7M	-13.3M	-13.7M	-15.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.93	0.16	4.52	4.52	0.42
Total Volume	185,427.81	59,911	448,116	109,408	296,053
Total OI	3,097,311.714	2,354,582	3,678,203	3,079,133	3,079,920

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2019-01-02	$38.59	$41.00	25.9%	7.5%	17.0%	62.0%	26.8%	4.8%	-0.6%	-91.8M	2.14B	-13.7M	4.52	2.82	19,833	89,575	1,475,226	1,603,907
2019-01-03	$38.16	$40.50	26.6%	7.4%	16.7%	67.0%	25.9%	5.1%	-0.9%	-104.8M	2.28B	-13.3M	1.33	1.98	56,255	74,766	1,474,596	1,568,571
2019-01-04	$39.41	$40.50	23.8%	6.8%	21.2%	48.9%	23.5%	3.7%	-0.5%	-56.3M	1.26B	-14.2M	0.64	1.74	146,505	93,370	1,514,133	1,571,466
2019-01-07	$39.50	$40.00	23.4%	6.8%	20.9%	46.4%	23.4%	3.3%	0.3%	-52.4M	1.19B	-14.6M	0.38	1.74	51,101	19,167	1,592,164	1,623,652
2019-01-08	$39.72	$40.00	23.1%	6.7%	20.8%	44.2%	23.0%	2.8%	0.4%	-32.5M	921.4M	-14.7M	0.36	2.35	196,027	69,776	1,619,037	1,602,769
2019-01-09	$40.36	$40.00	22.3%	6.5%	21.3%	39.0%	22.4%	2.2%	0.4%	57.4M	31.8M	-15.4M	0.54	2.08	137,598	74,213	1,749,848	1,638,467
2019-01-10	$40.59	$40.00	21.8%	6.2%	21.3%	35.6%	21.6%	2.3%	-0.4%	75.9M	-182.8M	-15.4M	1.22	2.07	49,528	60,386	1,791,437	1,674,589
2019-01-11	$40.41	$40.00	20.3%	5.9%	20.4%	26.0%	20.3%	2.1%	0.5%	72.0M	64.6M	-15.3M	0.78	1.99	87,573	68,659	1,802,941	1,689,198
2019-01-14	$40.00	$40.00	21.1%	6.1%	20.5%	31.6%	22.6%	2.0%	-0.2%	32.0M	591.6M	-14.8M	0.85	2.30	60,843	51,995	1,817,008	1,677,330
2019-01-15	$40.27	$40.00	20.8%	6.0%	20.3%	28.6%	20.6%	2.1%	-0.2%	54.4M	307.7M	-14.8M	0.23	1.83	186,133	42,090	1,807,631	1,697,947
2019-01-16	$40.88	$40.00	20.8%	6.0%	20.1%	28.4%	20.8%	1.8%	-0.3%	96.6M	-510.0M	-14.9M	0.79	2.05	83,466	65,731	1,839,203	1,708,823
2019-01-17	$40.95	$40.00	20.9%	6.0%	19.9%	29.2%	20.6%	1.7%	-0.4%	117.7M	-679.8M	-14.9M	0.76	2.56	112,783	85,298	1,876,745	1,726,138
2019-01-18	$41.35	$40.00	19.9%	5.7%	17.8%	23.0%	20.0%	1.5%	-0.1%	101.9M	-1.20B	-14.8M	0.62	1.68	124,453	77,120	1,918,577	1,759,626
2019-01-22	$40.42	$40.00	21.6%	6.3%	20.0%	34.0%	22.8%	2.6%	0.9%	16.8M	49.9M	-14.7M	2.16	1.62	36,463	78,598	1,109,876	1,244,706
2019-01-23	$40.93	$40.00	19.8%	5.8%	20.2%	22.4%	20.3%	2.5%	1.0%	34.7M	-316.4M	-14.7M	1.75	1.68	65,529	114,549	1,113,746	1,297,276
2019-01-24	$41.36	$40.50	19.4%	5.6%	20.1%	19.9%	19.6%	2.0%	1.0%	62.4M	-698.9M	-14.7M	0.64	1.77	81,434	51,973	1,146,155	1,365,657
2019-01-25	$42.18	$40.50	20.0%	5.7%	20.5%	23.5%	20.1%	2.0%	0.8%	94.4M	-1.51B	-14.6M	0.33	1.73	283,921	94,305	1,196,470	1,394,078
2019-01-28	$41.75	$40.50	21.0%	6.0%	20.6%	29.8%	20.1%	2.6%	0.2%	88.0M	-1.06B	-15.1M	0.16	1.70	51,544	8,367	1,291,566	1,411,462
2019-01-29	$41.88	$40.50	20.5%	5.8%	20.5%	26.8%	20.1%	2.5%	0.2%	100.7M	-1.21B	-15.1M	0.69	1.61	58,405	40,483	1,336,689	1,429,063
2019-01-30	$42.59	$40.50	20.6%	5.7%	21.1%	27.7%	20.3%	3.0%	0.5%	145.9M	-1.95B	-15.0M	0.39	2.72	322,868	125,248	1,349,991	1,455,862
2019-01-31	$42.94	$40.00	20.1%	5.9%	20.1%	24.3%	20.3%	2.7%	0.3%	214.8M	-2.55B	-15.7M	0.42	2.38	208,732	87,321	1,536,295	1,543,625