FXI Options History — October 2023

In October 2023, FXI traded between $25.07 and $27.14. ATM implied volatility averaged 28.8%, placing in the 14.2% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 4.9% (HV 20d: 24.0%). Max pain ranged from $26.85 to $27.85. Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.62.

Notable Days

2023-10-24: Highest Volume — 313,381 contracts
2023-10-03: Largest IV spike — 7.2% change
2023-10-03: Highest IV Rank — 20.0%
2023-10-26: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$26.01	$25.07	$27.14	$26.34	$25.55
Max Pain	$27.05	$26.85	$27.85	$27.00	$26.85
ATM IV	28.8%	27.2%	30.3%	28.3%	29.8%
Expected Move	8.4%	7.8%	8.9%	8.3%	8.8%
HV 20d	24.0%	20.8%	25.8%	21.7%	25.0%
HV 60d	26.2%	23.6%	27.7%	27.3%	23.8%
IV Rank	14.2%	7.8%	20.0%	12.1%	18.0%
IV Percentile	38.1%	14.7%	56.3%	30.2%	52.4%
Term Structure	-0.1%	-0.9%	0.8%	-0.3%	-0.2%
VWIV	29.5%	27.5%	31.2%	29.0%	31.1%
Skew 25d	2.4%	1.9%	3.0%	2.2%	1.9%
Skew 10d	5.6%	4.5%	6.8%	5.0%	4.6%
Call IV 25d	28.2%	26.8%	29.8%	27.8%	29.4%
Put IV 25d	30.6%	29.2%	31.8%	30.0%	31.3%
Bid-Ask Spread %	3.51	2.52	4.65	2.52	3.87
Gamma HHI	0.10	0.06	0.36	0.06	0.12
Net GEX	-30.9M	-142.0M	24.3M	-26.4M	-23.7M
Net DEX	726.3M	-118.2M	1.45B	687.9M	806.2M
Net VEX	-8.6M	-9.9M	-7.1M	-9.5M	-8.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.62	0.17	1.56	0.19	0.43
Total Volume	110,246.909	24,398	313,381	24,398	148,342
Total OI	3,503,877.909	2,879,599	3,811,347	3,436,790	3,312,954

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-10-02	$26.34	$27.00	28.3%	8.3%	21.7%	12.1%	29.0%	2.2%	-0.3%	-26.4M	687.9M	-9.5M	0.19	2.52	20,481	3,917	1,945,051	1,491,739
2023-10-03	$25.73	$27.00	30.3%	8.9%	22.6%	20.0%	31.2%	2.3%	-0.3%	-42.2M	1.06B	-8.9M	0.46	3.46	80,875	37,535	1,951,502	1,490,244
2023-10-04	$25.55	$27.00	29.5%	8.6%	22.5%	16.8%	28.7%	3.0%	0.1%	-46.4M	1.18B	-8.7M	0.62	3.29	34,096	21,034	1,990,136	1,499,748
2023-10-05	$25.69	$27.85	29.3%	8.3%	20.8%	15.9%	28.3%	2.9%	-0.1%	-46.3M	1.10B	-8.8M	0.78	3.47	24,049	18,703	2,024,920	1,515,403
2023-10-06	$26.27	$27.85	27.6%	8.2%	22.6%	9.6%	27.7%	2.3%	-0.2%	-37.1M	680.2M	-9.3M	0.65	3.09	144,229	93,656	2,037,222	1,530,636
2023-10-09	$26.21	$27.85	28.8%	8.5%	21.9%	14.2%	30.9%	2.4%	0.8%	-23.4M	686.8M	-9.1M	0.95	3.16	31,929	30,454	2,116,193	1,540,095
2023-10-10	$26.91	$27.85	27.6%	8.2%	24.1%	9.4%	28.7%	2.1%	0.8%	7.9M	102.5M	-9.8M	0.35	3.18	86,508	30,381	2,139,974	1,572,414
2023-10-11	$27.14	$26.85	27.7%	8.2%	24.1%	9.6%	28.6%	2.2%	0.7%	24.3M	-118.2M	-9.9M	0.65	3.70	15,071	9,850	2,195,290	1,591,382
2023-10-12	$26.63	$26.85	27.9%	8.1%	24.8%	10.6%	28.4%	1.9%	0.2%	-9.0M	311.5M	-9.4M	0.22	3.65	49,463	11,043	2,203,521	1,594,701
2023-10-13	$26.45	$26.85	28.7%	8.3%	24.8%	13.5%	29.3%	2.2%	0.4%	-17.8M	509.1M	-9.2M	1.56	4.25	10,208	15,929	2,189,739	1,609,132
2023-10-16	$26.66	$26.85	28.2%	8.1%	25.0%	11.8%	29.1%	2.6%	-0.5%	-11.8M	317.9M	-8.8M	1.19	2.97	30,336	35,995	2,186,289	1,588,761
2023-10-17	$26.45	$26.85	27.2%	7.8%	25.1%	7.8%	27.5%	2.8%	-0.2%	-34.5M	564.9M	-8.4M	0.45	3.10	81,862	36,471	2,185,515	1,603,186
2023-10-18	$25.95	$26.85	28.5%	8.2%	25.8%	12.7%	28.2%	2.7%	-0.8%	-57.3M	926.2M	-7.9M	0.87	3.08	70,213	60,837	2,202,550	1,598,856
2023-10-19	$25.55	$26.85	28.6%	8.2%	25.1%	13.3%	28.6%	2.5%	-0.5%	-75.9M	1.24B	-7.6M	0.22	3.31	98,991	22,069	2,192,033	1,619,314
2023-10-20	$25.07	$26.85	29.3%	8.5%	22.2%	16.2%	30.0%	2.8%	-0.9%	-142.0M	1.45B	-7.1M	0.67	2.91	113,104	75,978	2,187,114	1,582,604
2023-10-23	$25.26	$26.85	28.6%	8.3%	22.1%	13.5%	29.6%	2.7%	0.1%	-41.1M	1.08B	-7.3M	0.64	4.19	70,790	45,318	1,583,778	1,295,821
2023-10-24	$26.07	$26.85	29.1%	8.6%	24.8%	15.4%	29.9%	2.3%	-0.1%	-12.3M	531.9M	-8.1M	0.17	3.75	268,409	44,972	1,634,556	1,307,924
2023-10-25	$25.55	$26.85	29.4%	8.7%	25.7%	16.3%	30.6%	2.5%	0.0%	-19.7M	822.2M	-8.0M	0.71	4.14	70,643	49,945	1,770,598	1,335,817
2023-10-26	$25.56	$26.85	30.3%	8.9%	25.7%	19.7%	31.2%	2.3%	-0.3%	-10.3M	779.0M	-8.2M	0.64	4.65	100,338	63,912	1,848,374	1,322,795
2023-10-27	$25.64	$26.85	30.1%	8.9%	25.4%	18.9%	31.1%	2.0%	0.0%	-21.7M	744.0M	-8.3M	0.42	3.54	87,383	36,389	1,870,079	1,349,436
2023-10-30	$25.95	$26.85	29.6%	8.8%	25.7%	17.2%	30.9%	2.3%	-0.0%	-12.9M	529.7M	-8.3M	0.80	3.87	24,236	19,488	1,910,512	1,367,406
2023-10-31	$25.55	$26.85	29.8%	8.8%	25.0%	18.0%	31.1%	1.9%	-0.2%	-23.7M	806.2M	-8.0M	0.43	3.87	103,736	44,606	1,932,352	1,380,602