FXI Options History — April 2023

In April 2023, FXI traded between $27.36 and $29.44. ATM implied volatility averaged 28.0%, placing in the 8.8% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 2.4% (HV 20d: 25.6%). Max pain ranged from $29.00 to $30.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.81.

Notable Days

  • 2023-04-25: Highest Volume — 251,791 contracts
  • 2023-04-25: Largest IV spike — 8.8% change
  • 2023-04-04: Highest IV Rank — 18.8%
  • 2023-04-04: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.75$27.36$29.44$29.44$28.27
Max Pain$29.68$29.00$30.00$30.00$29.00
ATM IV28.0%25.7%30.6%30.1%25.7%
Expected Move8.1%7.4%8.8%8.6%7.4%
HV 20d25.6%22.5%27.3%27.2%23.9%
HV 60d27.7%27.1%28.3%27.3%27.1%
IV Rank8.8%0.0%18.8%17.0%0.0%
IV Percentile7.9%0.0%20.6%16.7%0.0%
Term Structure-0.3%-1.4%0.3%0.1%-0.2%
VWIV28.3%26.5%31.2%30.5%26.9%
Skew 25d2.5%1.4%3.0%2.7%2.1%
Skew 10d4.6%2.2%6.0%5.0%3.9%
Call IV 25d27.2%25.2%29.8%29.6%25.4%
Put IV 25d29.7%27.5%32.4%32.3%27.5%
Bid-Ask Spread %4.152.785.374.283.81
Gamma HHI0.100.090.120.090.11
Net GEX11.5M-10.6M30.5M30.5M11.5M
Net DEX-137.3M-573.5M503.6M-573.5M12.9M
Net VEX-8.8M-10.2M-7.6M-10.2M-8.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.093.170.951.54
Total Volume95,587.0538,996251,79151,73768,785
Total OI2,879,2572,475,2653,149,6872,876,6422,686,291

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$29.44$30.0030.1%8.6%27.2%17.0%30.5%2.7%0.1%30.5M-573.5M-10.2M0.954.2826,51825,2191,677,8741,198,768
2023-04-04$29.27$30.0030.6%8.8%26.5%18.8%31.2%2.7%-0.1%25.5M-478.1M-10.1M0.893.9237,27633,1791,686,2601,208,831
2023-04-05$28.89$30.0029.8%8.2%26.6%15.6%28.5%2.6%0.3%11.6M-164.4M-9.9M0.553.3750,38527,5861,707,1231,225,799
2023-04-06$29.36$30.0028.5%8.5%22.5%10.8%29.1%1.9%0.3%28.3M-492.1M-10.0M0.985.1924,82924,3541,722,8241,224,240
2023-04-10$29.19$30.0029.8%8.4%22.7%15.7%30.1%2.8%-0.5%18.1M-313.6M-9.4M0.654.3161,08139,5381,708,2061,225,893
2023-04-11$29.24$30.0029.0%8.1%22.6%12.8%28.0%2.9%-1.4%23.0M-404.5M-9.3M0.394.4423,6709,2931,735,6161,243,259
2023-04-12$28.38$30.0029.0%8.4%25.4%12.7%28.6%2.7%0.3%-10.6M227.6M-8.7M0.265.0290,49623,5641,746,7961,242,585
2023-04-13$29.05$30.0027.4%7.8%26.0%6.4%27.4%2.4%-0.0%11.5M-247.0M-8.8M0.244.1554,41412,8061,732,2761,226,101
2023-04-14$28.76$30.0026.6%7.6%26.0%3.0%28.0%2.7%-0.1%-2.6M-14.9M-8.4M0.794.745,0183,9781,729,6391,231,244
2023-04-17$29.43$30.0027.2%7.8%27.0%5.7%27.4%1.8%-0.0%29.2M-524.8M-8.5M0.095.2562,5715,5271,726,0011,223,055
2023-04-18$29.38$30.0026.9%7.7%27.0%4.4%28.2%2.3%-0.6%26.7M-505.7M-8.3M0.605.3762,70937,5551,758,3811,223,844
2023-04-19$29.05$29.0027.2%7.8%27.1%5.6%26.8%2.2%-0.6%11.8M-302.0M-8.3M0.674.12101,01768,0851,792,0591,238,918
2023-04-20$28.76$30.0026.3%7.5%27.3%1.8%26.5%1.4%0.2%-2.3M-30.4M-8.2M0.273.99108,08328,7581,816,5321,283,177
2023-04-21$28.39$30.0026.6%7.7%26.4%2.9%26.5%2.9%-0.2%5.2M192.6M-8.0M0.432.78154,83467,0771,868,0991,281,588
2023-04-24$28.11$29.0026.7%7.8%26.6%3.5%27.5%3.0%-0.5%769.4K181.2M-7.9M1.193.6336,06242,9021,488,641986,624
2023-04-25$27.36$29.0029.0%8.7%27.2%12.8%30.6%2.7%-0.7%-10.1M503.6M-7.6M0.423.19177,72574,0661,533,7391,013,895
2023-04-26$27.74$29.0028.9%8.5%23.9%12.2%29.0%2.9%-0.5%497.0K270.0M-8.0M3.173.2526,84085,0011,596,2231,036,256
2023-04-27$28.19$29.0027.3%7.8%24.7%5.9%27.5%2.5%-0.4%10.4M54.0M-8.4M1.274.0915,56519,7881,608,4861,070,740
2023-04-28$28.27$29.0025.7%7.4%23.9%0.0%26.9%2.1%-0.2%11.5M12.9M-8.4M1.543.8127,09341,6921,612,1141,074,177