FXI Options History — March 2021

In March 2021, FXI traded between $45.33 and $50.40. ATM implied volatility averaged 25.8%, placing in the 18.7% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded below realized volatility by 4.2% (HV 20d: 30.0%). Max pain ranged from $49.00 to $50.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 1.09.

Notable Days

  • 2021-03-24: Highest Volume — 220,847 contracts
  • 2021-03-04: Largest IV spike — 13.7% change
  • 2021-03-24: Highest IV Rank — 28.6%
  • 2021-03-08: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.86$45.33$50.40$50.40$46.75
Max Pain$49.83$49.00$50.00$50.00$50.00
ATM IV25.8%22.7%29.4%25.5%22.7%
Expected Move7.4%6.5%8.2%7.4%6.5%
HV 20d30.0%24.6%33.1%26.2%31.1%
HV 60d26.6%23.5%28.6%23.5%28.5%
IV Rank18.7%13.2%28.6%14.5%15.9%
IV Percentile68.4%40.5%84.1%67.5%40.5%
Term Structure-0.2%-1.2%0.6%-0.7%-0.5%
VWIV26.1%22.3%29.2%26.3%22.3%
Skew 25d3.0%-1.1%4.7%3.6%2.3%
Skew 10d7.8%5.5%11.5%8.0%5.5%
Call IV 25d25.3%22.3%29.5%24.5%22.3%
Put IV 25d28.3%24.6%32.2%28.2%24.6%
Bid-Ask Spread %13.205.3336.4816.9310.05
Gamma HHI0.140.090.200.140.10
Net GEX-59.4M-85.6M-24.2M-30.7M-67.6M
Net DEX955.0M-1.0M1.86B-1.0M1.23B
Net VEX-9.9M-11.3M-9.1M-9.3M-11.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.303.380.300.52
Total Volume89,177.879,674220,8479,67491,002
Total OI1,793,486.131,490,0692,124,4881,627,3122,057,585

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-03-01$50.40$50.0025.5%7.4%26.2%14.5%26.3%3.6%-0.7%-30.7M-1.0M-9.3M0.3016.937,4212,253671,820955,492
2021-03-02$49.52$50.0025.6%7.5%25.1%14.8%28.3%2.8%-0.9%-42.9M348.3M-9.1M1.915.5636,38869,526675,412955,880
2021-03-03$49.84$50.0025.6%7.5%24.6%14.8%27.3%2.9%-0.9%-45.8M260.4M-9.4M3.3810.189,06630,632698,2871,001,591
2021-03-04$48.41$50.0029.1%8.0%26.4%22.5%27.0%4.7%-1.2%-56.6M907.6M-9.6M1.3814.9618,10425,029700,4911,020,917
2021-03-05$48.95$50.0027.3%7.5%26.7%18.6%25.5%4.1%-1.0%-53.8M728.4M-9.7M1.6936.008,07413,635710,0981,044,033
2021-03-08$47.24$50.0029.4%8.2%28.7%23.0%28.3%4.4%0.1%-63.6M1.27B-9.1M1.3910.4131,08743,233688,4551,027,121
2021-03-09$48.25$50.0027.3%7.7%30.1%18.5%27.0%3.6%-0.2%-64.2M896.0M-9.4M0.629.4553,56933,070701,4091,057,341
2021-03-10$47.75$50.0027.0%7.6%29.4%17.9%26.1%3.7%-0.4%-66.9M1.11B-9.1M0.6311.3925,29215,990679,6141,054,985
2021-03-11$49.50$50.0025.7%7.5%32.5%14.9%26.7%2.7%0.6%-48.1M329.4M-9.3M1.1736.4838,47944,989699,8541,050,104
2021-03-12$48.12$50.0027.1%7.8%32.8%18.0%26.5%3.4%0.3%-67.9M976.5M-9.5M0.808.3364,29951,269723,8261,080,830
2021-03-15$48.00$49.0026.9%7.7%32.7%17.5%27.0%3.4%-0.2%-66.0M995.8M-9.4M0.639.6828,45317,897757,3661,098,207
2021-03-16$48.51$49.0025.2%7.2%33.1%14.0%27.0%2.9%0.3%-71.2M759.7M-9.4M3.2417.6242,382137,519782,4961,106,193
2021-03-17$48.42$49.0025.1%7.2%32.3%13.7%26.8%2.9%0.0%-57.2M725.6M-9.8M0.5411.5693,58050,714805,4701,148,044
2021-03-18$48.08$49.0025.3%7.2%31.6%14.1%25.3%3.0%-0.0%-47.6M935.0M-9.9M1.307.7274,66196,874846,2421,167,637
2021-03-19$47.98$50.0024.6%7.0%31.3%13.2%24.9%2.9%0.0%-24.2M1.02B-10.4M1.0528.7927,52128,781891,4951,232,993
2021-03-22$47.99$50.0024.2%6.9%29.4%14.0%23.7%2.7%0.1%-44.9M687.5M-10.2M0.988.1049,30348,162607,121882,948
2021-03-23$46.86$50.0023.7%6.8%30.1%13.8%23.5%2.9%0.1%-73.1M1.19B-10.1M0.936.2224,10622,448638,750927,339
2021-03-24$45.34$50.0025.8%7.5%30.9%28.6%26.1%-1.1%-0.3%-80.8M1.74B-9.6M0.848.85119,962100,885655,797948,739
2021-03-25$45.33$50.0025.6%7.4%30.8%28.0%22.4%3.2%0.2%-85.6M1.86B-10.0M0.565.3371,88540,325717,7031,032,667
2021-03-26$46.55$50.0025.4%7.4%32.6%27.0%27.0%3.3%0.2%-65.2M1.32B-10.9M0.397.2584,35332,518774,4521,052,969
2021-03-29$46.35$50.0025.6%7.6%31.4%27.8%29.2%2.7%-0.5%-75.2M1.39B-11.1M0.4616.9745,50920,997822,4031,102,372
2021-03-30$46.66$50.0024.6%7.3%31.2%24.1%25.4%3.0%-0.3%-67.7M1.28B-11.3M0.465.7954,54925,300864,9611,130,672
2021-03-31$46.75$50.0022.7%6.5%31.1%15.9%22.3%2.3%-0.5%-67.6M1.23B-11.2M0.5210.0559,85931,143912,0041,145,581