FXI Options History — May 2023

In May 2023, FXI traded between $25.89 and $29.02. ATM implied volatility averaged 27.4%, placing in the 6.8% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded below realized volatility by 0.3% (HV 20d: 27.6%). Max pain ranged from $28.00 to $29.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 1.42.

Notable Days

  • 2023-05-15: Highest Volume — 342,838 contracts
  • 2023-05-30: Largest IV spike — 6.8% change
  • 2023-05-30: Highest IV Rank — 16.4%
  • 2023-05-31: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.83$25.89$29.02$28.23$25.89
Max Pain$28.86$28.00$29.00$29.00$28.00
ATM IV27.4%25.9%29.8%26.1%29.3%
Expected Move8.1%7.5%9.1%7.5%9.1%
HV 20d27.6%23.4%32.4%23.5%31.7%
HV 60d27.2%26.1%28.2%26.7%27.6%
IV Rank6.8%0.8%16.4%1.7%14.4%
IV Percentile10.0%0.8%29.8%0.8%25.8%
Term Structure-0.0%-1.7%1.3%1.2%-0.9%
VWIV28.7%26.0%35.2%26.9%35.2%
Skew 25d2.4%1.3%3.1%2.8%2.8%
Skew 10d5.2%3.0%7.4%5.2%7.4%
Call IV 25d26.9%25.0%28.9%25.0%28.8%
Put IV 25d29.2%27.8%32.0%27.9%31.6%
Bid-Ask Spread %7.253.2717.023.274.25
Gamma HHI0.140.110.210.110.19
Net GEX-15.5M-56.7M22.9M3.8M-56.7M
Net DEX398.9M-344.6M1.46B84.0M1.46B
Net VEX-7.9M-8.6M-6.5M-8.1M-6.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.420.484.770.802.10
Total Volume88,494.59113,581342,83813,58193,794
Total OI2,836,734.7732,551,4633,263,8442,696,6742,633,268

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$28.23$29.0026.1%7.5%23.5%1.7%26.9%2.8%1.2%3.8M84.0M-8.1M0.803.277,5536,0281,602,5481,094,126
2023-05-02$27.62$29.0027.1%8.1%24.5%5.7%28.5%2.8%1.3%-11.2M434.9M-7.7M4.774.139,84046,8981,603,9091,101,617
2023-05-03$27.56$29.0027.1%8.1%24.5%5.6%27.7%3.0%1.3%-14.0M474.8M-7.6M3.684.9810,63739,1711,607,6491,114,618
2023-05-04$28.27$29.0027.5%8.1%26.2%7.4%28.0%2.7%0.7%6.7M71.9M-8.4M0.938.6924,12022,5341,616,2651,152,935
2023-05-05$28.69$29.0027.2%7.8%26.0%6.0%27.8%2.4%1.0%17.7M-153.9M-8.5M0.817.5112,1859,8421,614,4651,170,237
2023-05-08$28.91$29.0026.6%7.7%26.2%3.7%30.2%2.9%-0.5%22.9M-272.6M-8.2M1.588.2227,37143,2761,611,1691,159,964
2023-05-09$28.44$29.0027.2%8.1%26.7%6.0%28.7%2.7%1.1%9.4M33.4M-8.0M1.488.5740,11059,2301,645,7821,195,896
2023-05-10$28.24$29.0027.4%7.9%24.7%6.6%27.6%2.4%1.3%-8.8M195.9M-7.7M1.158.3320,29223,2381,622,4991,244,934
2023-05-11$28.52$29.0026.9%7.5%23.4%4.7%26.4%2.3%-0.9%2.7M37.8M-7.8M0.559.7438,99621,5761,628,4901,261,869
2023-05-12$27.77$29.0026.8%7.7%24.9%4.3%26.4%2.4%-0.0%-30.8M517.9M-7.4M0.979.4025,03224,3081,648,8881,264,882
2023-05-15$29.02$29.0027.7%7.9%28.6%8.1%28.6%2.1%-0.7%21.2M-344.6M-8.0M0.706.64201,305141,5331,644,7001,283,881
2023-05-16$28.76$29.0027.9%8.0%28.7%8.8%27.7%1.9%-1.2%13.5M-202.6M-8.6M0.878.4925,34722,0031,798,1781,347,730
2023-05-17$28.41$29.0027.7%7.9%28.8%7.9%26.0%1.3%-1.7%-4.3M78.0M-8.3M2.719.9420,79656,3391,802,0201,350,566
2023-05-18$28.06$29.0026.6%7.7%28.9%3.7%26.8%1.8%-0.6%-40.0M348.5M-8.0M1.246.1670,30287,2071,809,0821,375,286
2023-05-19$27.88$29.0025.9%7.5%28.6%0.8%28.0%1.9%-0.2%-50.6M616.4M-8.2M0.575.4044,14525,1211,826,5301,437,314
2023-05-22$28.38$29.0026.4%7.8%29.1%2.8%27.3%1.6%0.1%-3.9M155.7M-8.3M1.0717.0228,40030,3361,397,2111,154,252
2023-05-23$27.49$29.0027.2%8.3%29.8%6.0%29.3%2.3%0.1%-26.9M623.1M-8.0M1.717.3342,92173,5041,421,2791,179,510
2023-05-24$26.95$29.0027.7%8.5%30.1%8.2%29.5%2.1%0.2%-40.9M948.8M-7.8M1.577.2228,94845,5521,440,2151,239,612
2023-05-25$26.38$29.0028.8%8.8%30.2%12.3%31.4%2.8%-0.6%-50.2M1.25B-7.6M0.806.0950,11640,1911,454,0031,282,599
2023-05-26$26.82$28.0027.9%8.4%30.9%8.9%30.3%1.6%-0.7%-46.2M1.02B-7.9M0.484.4215,1557,3491,489,0261,298,223
2023-05-30$26.04$28.0029.8%9.0%32.4%16.4%33.8%3.1%-0.8%-55.2M1.41B-7.1M0.693.78167,949116,3311,487,4041,293,534
2023-05-31$25.89$28.0029.3%9.1%31.7%14.4%35.2%2.8%-0.9%-56.7M1.46B-6.5M2.104.2530,21263,5821,371,3721,261,896