FXI Options History — February 2024

In February 2024, FXI traded between $21.43 and $24.31. ATM implied volatility averaged 31.0%, placing in the 67.5% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded below realized volatility by 3.2% (HV 20d: 34.3%). Max pain ranged from $22.50 to $22.85. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.45.

Notable Days

  • 2024-02-06: Highest Volume — 839,608 contracts
  • 2024-02-06: Largest IV spike — 6.2% change
  • 2024-02-06: Highest IV Rank — 87.7%
  • 2024-02-14: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.92$21.43$24.31$21.88$23.43
Max Pain$22.68$22.50$22.85$22.85$22.50
ATM IV31.0%29.2%32.8%29.7%29.2%
Expected Move9.0%8.5%9.3%8.5%8.7%
HV 20d34.3%29.1%37.6%29.1%33.8%
HV 60d30.8%28.5%31.6%28.5%31.5%
IV Rank67.5%45.9%87.7%52.5%45.9%
IV Percentile81.7%61.5%97.6%68.3%61.5%
Term Structure-0.5%-2.1%0.2%-0.2%-0.7%
VWIV31.8%30.1%33.0%30.1%30.7%
Skew 25d-0.1%-1.1%0.9%0.9%-0.0%
Skew 10d0.6%-1.2%3.8%3.8%0.5%
Call IV 25d31.7%30.0%33.8%30.0%30.0%
Put IV 25d31.6%29.9%33.2%30.8%30.0%
Bid-Ask Spread %46.2925.4561.4461.4343.71
Gamma HHI0.070.060.090.060.08
Net GEX117.4M15.2M205.4M49.1M158.3M
Net DEX-1.31B-2.84B362.1M-85.0M-1.71B
Net VEX-12.1M-13.2M-9.6M-10.5M-13.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.450.031.090.960.06
Total Volume230,042.641,036839,60841,036141,602
Total OI5,056,946.354,555,6035,821,1314,827,5765,114,704

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$21.88$22.8529.7%8.5%29.1%52.5%30.1%0.9%-0.2%49.1M-85.0M-10.5M0.9661.4320,89020,1463,589,0671,238,509
2024-02-02$21.43$22.8530.4%8.6%29.5%59.6%31.0%0.7%-0.1%15.2M362.1M-9.6M0.3359.44151,71249,6263,601,5981,249,630
2024-02-05$21.89$22.8530.9%8.8%30.9%65.8%31.4%0.9%0.0%49.9M-106.7M-10.3M0.3356.89104,84034,4373,532,0821,247,525
2024-02-06$23.07$22.8532.8%9.3%36.4%87.7%33.0%-1.0%-0.6%112.7M-1.52B-12.1M0.2055.39700,504139,1043,536,4791,258,697
2024-02-07$22.64$22.8531.1%8.9%36.2%68.6%31.6%-0.0%0.1%109.2M-1.13B-12.5M0.3761.44188,23269,5283,965,7171,352,885
2024-02-08$22.13$22.8529.8%8.6%37.1%53.8%30.4%-0.8%0.1%73.0M-408.9M-11.8M0.7051.3782,42357,6794,102,0101,377,855
2024-02-09$22.32$22.8529.6%8.6%36.9%51.4%30.9%0.1%0.2%84.7M-665.4M-11.9M0.2651.5878,38220,5714,111,5171,362,931
2024-02-12$22.77$22.8531.2%8.9%37.6%68.8%31.6%0.1%-0.0%112.0M-1.27B-12.2M0.4053.7848,85219,4044,037,0611,328,053
2024-02-13$22.16$22.8532.4%9.3%36.9%83.0%32.9%0.2%-0.4%67.1M-427.9M-11.2M0.8754.4382,58672,0684,043,7301,331,814
2024-02-14$22.64$22.8532.6%9.3%36.3%85.3%33.0%0.2%-0.3%105.7M-1.20B-12.0M0.7657.53107,22382,0044,116,6651,339,529
2024-02-15$22.73$22.5032.0%9.2%36.3%78.8%32.4%-0.4%0.1%113.8M-1.31B-12.1M0.8340.22135,703112,0234,196,0031,417,432
2024-02-16$23.12$22.5032.2%9.3%36.6%81.0%33.0%-1.1%-0.3%129.2M-2.05B-13.0M0.3240.68251,26380,3264,307,7911,513,340
2024-02-20$22.93$22.5031.7%9.2%35.4%74.9%32.3%0.1%-0.6%115.6M-1.18B-12.3M1.0939.5630,18232,9333,358,5451,197,058
2024-02-21$23.51$22.5032.1%9.2%33.4%79.2%32.7%0.0%-1.3%151.5M-1.87B-13.0M0.6037.38155,31892,9383,424,6031,240,267
2024-02-22$23.93$22.5031.4%9.1%32.4%71.8%31.9%0.2%-0.8%165.7M-2.26B-13.0M0.4325.4583,21835,9683,325,6211,234,338
2024-02-23$24.09$22.5030.6%9.0%32.4%62.5%31.3%-0.1%-1.2%172.5M-2.45B-12.8M0.0332.56399,92113,0293,344,4211,247,555
2024-02-26$23.94$22.5030.5%9.1%32.4%61.4%32.1%-1.0%-0.9%184.8M-2.32B-13.1M0.2434.6054,34112,7903,506,5761,212,661
2024-02-27$24.31$22.5030.4%9.1%32.2%60.2%32.0%-0.5%-0.9%205.4M-2.84B-13.2M0.1128.65480,85154,1423,515,7381,218,408
2024-02-28$23.54$22.5030.3%9.0%33.8%58.6%32.0%0.0%-2.1%172.2M-1.88B-13.2M0.1939.75255,76748,3263,780,7091,259,803
2024-02-29$23.43$22.5029.2%8.7%33.8%45.9%30.7%-0.0%-0.7%158.3M-1.71B-13.0M0.0643.71133,1968,4063,811,9581,302,746