FXI Options History — August 2023

In August 2023, FXI traded between $26.14 and $29.68. ATM implied volatility averaged 30.5%, placing in the 19.8% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded below realized volatility by 1.9% (HV 20d: 32.4%). Max pain ranged from $27.85 to $28.85. Net GEX was positive for 15 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 0.63.

Notable Days

  • 2023-08-18: Highest Volume — 406,418 contracts
  • 2023-08-04: Largest IV drop — 7.1% change
  • 2023-08-03: Highest IV Rank — 29.5%
  • 2023-08-02: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.73$26.14$29.68$29.68$27.46
Max Pain$28.07$27.85$28.85$27.85$27.85
ATM IV30.5%28.7%33.0%31.5%28.7%
Expected Move8.8%8.1%9.6%9.3%8.1%
HV 20d32.4%23.4%35.8%34.3%23.4%
HV 60d31.0%29.1%32.4%31.5%29.1%
IV Rank19.8%12.7%29.5%23.6%12.7%
IV Percentile47.7%27.4%67.9%56.3%27.4%
Term Structure-0.3%-0.9%0.3%-0.7%-0.4%
VWIV31.1%28.8%33.8%32.9%28.8%
Skew 25d1.2%-0.4%2.9%-0.2%1.6%
Skew 10d2.5%-1.1%5.6%-0.2%3.5%
Call IV 25d30.4%28.6%33.3%32.1%28.6%
Put IV 25d31.6%29.4%34.2%31.9%30.1%
Bid-Ask Spread %3.932.656.052.653.15
Gamma HHI0.080.060.150.080.06
Net GEX19.8M-72.7M83.8M75.9M42.4M
Net DEX-19.1M-1.14B1.19B-1.14B-201.8M
Net VEX-9.9M-11.7M-8.6M-9.5M-11.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.103.180.370.43
Total Volume192,312.26133,675406,418129,936135,684
Total OI3,325,104.4352,718,8263,879,3862,718,8263,879,386

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$29.68$27.8531.5%9.3%34.3%23.6%32.9%-0.2%-0.7%75.9M-1.14B-9.5M0.372.6595,08834,8481,619,4581,099,368
2023-08-02$28.80$27.8531.6%9.6%35.8%23.9%33.8%0.7%-0.5%43.7M-537.4M-9.5M0.393.26162,81363,7391,682,8911,125,078
2023-08-03$29.54$28.8533.0%9.2%34.6%29.5%32.7%-0.3%-0.9%74.1M-1.09B-10.2M0.253.69314,96778,7261,719,6121,150,530
2023-08-04$29.14$28.8530.6%8.7%34.4%20.3%30.5%-0.4%-0.4%68.0M-821.1M-10.2M0.464.4865,46430,0081,820,0021,238,984
2023-08-07$28.99$28.8529.0%8.2%34.5%14.0%29.5%0.3%-0.2%60.5M-660.4M-10.0M0.174.8791,43615,4361,832,7631,220,301
2023-08-08$28.48$28.8529.2%8.3%35.3%14.8%29.8%0.9%-0.2%28.5M-287.3M-9.5M1.255.6836,58145,8621,796,7781,234,730
2023-08-09$28.62$28.8529.6%8.5%33.6%16.3%30.5%0.8%0.0%35.5M-383.5M-9.6M0.785.52112,94788,4511,806,0361,256,491
2023-08-10$28.80$27.8529.2%8.4%32.8%14.5%30.9%0.1%0.3%54.0M-585.6M-10.1M0.233.6727,3956,2801,894,1811,307,935
2023-08-11$27.95$27.8530.0%8.6%33.9%17.7%30.9%1.3%0.3%-3.1M116.1M-9.5M1.076.05132,971142,6481,895,2991,311,275
2023-08-14$27.68$27.8529.8%8.5%34.0%17.2%30.2%1.4%0.3%-23.2M350.3M-9.2M0.413.49130,57152,9511,933,8011,367,376
2023-08-15$27.19$27.8530.7%8.8%33.6%20.6%30.9%1.5%-0.6%-42.1M664.7M-9.0M0.633.95116,49473,6352,028,6481,334,957
2023-08-16$26.68$27.8530.1%8.6%34.1%18.2%31.2%1.9%0.1%-69.9M1.04B-8.6M1.143.53143,314162,9772,096,5501,376,338
2023-08-17$26.86$27.8531.6%9.1%34.2%24.0%31.9%1.6%-0.5%-72.7M853.5M-9.2M0.673.2371,25847,9152,193,9021,395,880
2023-08-18$26.23$27.8532.7%9.4%35.1%28.4%32.7%2.4%-0.6%-23.0M1.19B-8.9M0.523.93268,053138,3652,264,4221,413,418
2023-08-21$26.14$27.8531.1%8.9%33.9%21.9%31.2%2.9%-0.2%-18.4M783.3M-8.8M3.184.8139,867126,7961,878,4501,194,852
2023-08-22$26.16$27.8531.0%9.0%33.2%21.6%31.7%2.4%-0.2%-22.9M841.4M-9.1M0.563.77157,20888,0441,912,6431,284,582
2023-08-23$26.70$27.8530.8%8.8%33.9%20.9%30.2%2.3%-0.3%4.7M407.2M-9.8M0.194.1886,43516,5032,064,9171,320,957
2023-08-24$26.82$27.8530.4%8.9%33.7%19.4%31.4%1.5%-0.5%25.8M239.9M-10.1M0.103.64261,36625,6352,151,2861,314,857
2023-08-25$26.79$27.8530.5%8.8%26.4%19.8%31.2%1.5%-0.6%24.8M211.2M-10.7M0.132.99292,07438,3892,389,8751,326,775
2023-08-28$27.41$27.8530.7%8.9%27.2%20.5%32.4%1.6%-0.7%47.8M-218.8M-11.0M0.552.7681,31244,7762,375,1961,324,005
2023-08-29$27.95$27.8530.2%8.8%27.2%18.7%31.0%1.3%-0.3%83.8M-721.9M-11.7M0.262.80168,48943,8292,440,7291,369,309
2023-08-30$27.73$27.8529.6%8.4%25.4%16.4%29.7%1.0%-0.5%60.1M-489.1M-11.3M0.814.1836,23929,3432,429,2251,403,354
2023-08-31$27.46$27.8528.7%8.1%23.4%12.7%28.8%1.6%-0.4%42.4M-201.8M-11.0M0.433.1594,86240,8222,464,3121,415,074