FXI Options History — January 2024

In January 2024, FXI traded between $21.19 and $23.68. ATM implied volatility averaged 29.2%, placing in the 43.4% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded below realized volatility by 2.8% (HV 20d: 32.1%). Max pain ranged from $22.00 to $24.85. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.49.

Notable Days

  • 2024-01-09: Highest Volume — 489,463 contracts
  • 2024-01-03: Largest IV drop — 5.8% change
  • 2024-01-22: Highest IV Rank — 84.1%
  • 2024-01-22: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.44$21.19$23.68$23.23$21.86
Max Pain$22.27$22.00$24.85$24.85$22.00
ATM IV29.2%27.0%32.5%29.5%30.3%
Expected Move8.5%7.7%9.5%8.5%9.0%
HV 20d32.1%29.9%34.1%30.9%30.2%
HV 60d27.8%26.8%29.2%27.5%29.0%
IV Rank43.4%13.4%84.1%31.6%58.5%
IV Percentile56.7%17.5%94.8%64.3%74.6%
Term Structure-0.3%-0.9%0.2%0.2%-0.0%
VWIV29.8%27.2%33.3%30.3%32.2%
Skew 25d0.7%-0.3%1.9%-0.3%1.4%
Skew 10d1.7%-0.7%3.9%0.1%3.3%
Call IV 25d29.5%27.5%32.1%30.3%30.4%
Put IV 25d30.2%27.5%33.7%30.0%31.8%
Bid-Ask Spread %53.2531.7464.2936.7756.27
Gamma HHI0.060.060.080.070.06
Net GEX52.8M15.0M100.7M50.5M47.5M
Net DEX-47.9M-930.2M724.1M-9.7M-79.7M
Net VEX-9.3M-11.3M-7.8M-8.3M-10.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.490.122.130.310.24
Total Volume240,842.90594,700489,463125,717182,479
Total OI4,277,618.5243,506,5844,954,6623,506,5844,760,239

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$23.23$24.8529.5%8.5%30.9%31.6%30.3%-0.3%0.2%50.5M-9.7M-8.3M0.3136.7795,90129,8162,636,824869,760
2024-01-03$23.68$24.8527.8%7.9%31.0%19.0%27.6%0.6%-0.0%65.9M-291.7M-9.0M0.5439.48100,96154,0422,691,580893,116
2024-01-04$23.38$22.0027.5%7.9%30.9%16.7%27.5%-0.3%0.2%58.8M-90.2M-8.6M0.3061.04124,21937,1702,753,076893,146
2024-01-05$23.24$22.0027.0%7.7%31.0%13.4%27.7%0.0%0.2%56.7M-83.0M-8.9M0.6364.0288,09055,6382,842,338906,119
2024-01-08$22.95$22.0027.5%7.7%31.2%18.2%27.6%0.9%-0.8%42.3M166.9M-8.1M0.2364.29228,51952,4782,835,326918,622
2024-01-09$22.48$22.0027.8%7.9%31.7%23.7%27.6%0.9%-0.5%30.3M377.0M-7.9M0.2261.96400,50588,9582,955,519934,164
2024-01-10$22.48$22.0027.7%7.9%31.6%24.6%27.4%0.4%-0.4%41.4M236.3M-8.7M2.1354.6065,532139,9053,260,480969,327
2024-01-11$22.80$22.0027.6%7.8%32.1%24.3%27.2%-0.0%-0.6%56.4M-93.1M-9.5M0.1255.85269,66831,4703,354,390994,503
2024-01-12$22.77$22.0027.5%7.7%32.1%26.4%28.0%0.2%-0.9%75.4M-163.8M-9.8M0.7762.08141,093109,2273,567,8331,004,395
2024-01-16$22.01$22.0029.0%8.3%33.2%43.6%28.8%0.3%-0.7%28.7M487.2M-8.5M0.4360.92130,77656,7193,657,4041,099,567
2024-01-17$21.45$22.0030.2%8.7%34.0%57.9%30.7%1.6%-0.3%15.0M724.1M-8.0M1.5055.48137,695206,6773,719,4731,092,290
2024-01-18$21.55$22.0029.6%8.5%34.1%50.9%30.0%1.0%-0.4%19.8M511.7M-8.1M0.5562.57150,66382,3243,795,2201,062,774
2024-01-19$21.71$22.0031.2%9.0%33.7%69.6%31.3%0.9%-0.8%33.7M337.7M-8.7M0.2160.20241,97949,6973,860,6301,094,032
2024-01-22$21.19$22.0032.5%9.5%29.9%84.1%33.2%1.9%-0.5%22.3M480.0M-7.8M0.3652.62174,54662,3732,878,041980,220
2024-01-23$22.11$22.0032.2%9.5%32.4%80.6%33.3%1.3%-0.4%60.4M-292.2M-9.9M0.1751.68336,52758,6273,034,7751,005,429
2024-01-24$22.77$22.0030.5%8.7%33.3%61.1%30.9%0.1%-0.2%93.5M-918.7M-11.2M0.1852.13395,07970,7523,200,0481,051,817
2024-01-25$22.76$22.0029.9%8.7%33.2%54.2%30.7%0.1%-0.1%100.7M-930.2M-11.3M0.4031.74171,94368,2393,325,6331,082,161
2024-01-26$22.59$22.0029.0%8.5%33.3%44.2%29.6%0.7%0.1%90.2M-821.8M-11.3M0.2542.2290,94322,3153,486,0241,132,320
2024-01-29$22.32$22.0029.4%8.8%31.8%48.7%31.2%1.3%0.1%67.9M-430.0M-10.5M0.5539.5860,93133,7693,412,5451,143,617
2024-01-30$21.91$22.0030.5%9.2%32.0%61.1%32.9%1.1%-0.1%50.8M-121.6M-10.4M0.2652.77126,58432,8723,480,7791,194,433
2024-01-31$21.86$22.0030.3%9.0%30.2%58.5%32.2%1.4%-0.0%47.5M-79.7M-10.4M0.2456.27147,56534,9143,541,6131,218,626