FXI Options History — September 2019

In September 2019, FXI traded between $39.05 and $41.92. ATM implied volatility averaged 18.2%, placing in the 16.8% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 1.8% (HV 20d: 16.4%). Max pain ranged from $40.00 to $40.50. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.75.

Notable Days

  • 2019-09-27: Highest Volume — 466,124 contracts
  • 2019-09-16: Largest IV spike — 14.3% change
  • 2019-09-27: Highest IV Rank — 32.5%
  • 2019-09-03: Largest Expected Move — 5.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.55$39.05$41.92$39.05$39.85
Max Pain$40.42$40.00$40.50$40.00$40.00
ATM IV18.2%16.3%20.6%20.4%19.2%
Expected Move5.3%4.9%5.9%5.9%5.7%
HV 20d16.4%13.8%20.1%18.0%15.3%
HV 60d17.6%16.7%18.8%18.1%16.9%
IV Rank16.8%3.9%32.5%31.2%23.1%
IV Percentile19.3%2.0%52.4%43.3%28.2%
Term Structure0.2%-0.3%1.1%-0.2%-0.0%
VWIV18.6%16.5%21.2%21.2%20.1%
Skew 25d2.5%1.5%4.6%4.6%2.5%
Skew 10d5.4%3.1%9.5%9.5%5.4%
Call IV 25d17.2%15.2%19.7%18.4%18.6%
Put IV 25d19.7%16.8%23.0%23.0%21.1%
Bid-Ask Spread %3.171.6111.992.232.69
Gamma HHI0.080.070.190.090.07
Net GEX-29.6M-135.1M164.9M-135.1M-52.4M
Net DEX493.2M-1.27B1.99B1.99B1.35B
Net VEX-18.9M-19.7M-17.6M-19.7M-19.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.750.225.935.000.83
Total Volume162,665.559,738466,12493,003149,424
Total OI4,052,681.13,602,4014,511,7753,602,4014,462,676

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-09-03$39.05$40.0020.4%5.9%18.0%31.2%21.2%4.6%-0.2%-135.1M1.99B-19.7M5.002.2315,50577,4981,251,0052,351,396
2019-09-04$39.99$40.0019.0%5.5%19.7%21.7%20.3%3.5%-0.1%-85.8M1.02B-19.5M1.982.8159,188117,0631,260,5562,368,352
2019-09-05$40.53$40.5018.2%5.4%20.1%16.8%18.4%3.1%0.2%-52.2M471.2M-19.3M0.602.30105,46663,3831,285,3712,364,214
2019-09-06$40.59$40.5018.0%5.2%19.9%15.3%19.4%2.8%0.1%-26.9M336.8M-19.6M2.951.6129,29286,5511,405,3802,407,099
2019-09-09$40.67$40.5017.7%5.1%19.6%13.3%18.7%2.9%0.3%-31.1M292.1M-19.1M2.461.9833,66982,7271,399,8442,427,162
2019-09-10$40.65$40.5017.4%5.0%18.6%11.3%18.4%2.7%0.0%-36.0M335.3M-19.0M3.031.8714,80744,9311,414,9122,473,619
2019-09-11$41.24$40.5016.8%5.0%18.7%7.3%17.0%2.1%0.4%16.3M-365.5M-18.5M0.242.62168,35240,3211,415,6462,479,439
2019-09-12$41.53$40.5016.4%4.9%14.7%4.9%17.3%2.0%0.7%70.1M-805.9M-18.4M0.292.4267,40919,3271,546,5342,480,232
2019-09-13$41.92$40.5016.3%4.9%14.5%3.9%17.2%1.6%1.1%164.9M-1.27B-18.1M0.374.5498,75736,1621,593,8852,467,397
2019-09-16$41.41$40.5018.6%5.4%15.5%19.3%18.7%1.5%-0.3%37.5M-578.2M-18.3M0.222.90203,29644,6981,584,9392,478,141
2019-09-17$41.22$40.5018.5%5.3%15.4%18.4%18.4%1.8%0.2%41.7M-342.8M-19.7M1.202.6854,63865,3611,745,6802,590,889
2019-09-18$41.00$40.5018.0%5.2%15.6%15.5%17.9%1.7%0.2%15.6M-86.7M-18.7M5.9311.9923,785141,0531,764,4932,629,167
2019-09-19$40.72$40.5018.2%5.2%15.9%16.5%18.1%1.8%-0.2%-36.6M383.7M-18.9M2.233.2041,84393,3101,774,1622,737,613
2019-09-20$40.53$40.5017.9%5.1%15.8%14.7%18.2%2.1%0.5%-72.3M622.4M-18.6M2.342.3435,29582,6931,791,7262,698,364
2019-09-23$40.50$40.5017.2%4.9%13.8%10.3%16.5%2.3%0.4%-57.1M797.1M-17.6M1.132.0330,23334,1181,560,4062,286,215
2019-09-24$40.12$40.5018.3%5.3%13.9%17.6%18.4%3.0%0.7%-98.1M1.30B-18.4M0.932.65126,651117,8931,583,4692,359,027
2019-09-25$40.22$40.5019.1%5.6%13.9%22.3%19.0%2.7%0.2%-76.3M1.06B-18.8M0.342.44167,05057,5161,690,3572,385,932
2019-09-26$39.91$40.5018.6%5.4%14.3%19.5%18.6%2.4%0.4%-82.5M1.39B-19.1M1.864.6355,258102,6631,809,6422,421,521
2019-09-27$39.43$40.5020.6%5.9%14.9%32.5%20.9%2.5%-0.0%-96.4M1.96B-19.6M1.043.47228,983237,1411,838,1562,469,004
2019-09-30$39.85$40.0019.2%5.7%15.3%23.1%20.1%2.5%-0.0%-52.4M1.35B-19.7M0.832.6981,43967,9851,912,7142,549,962