FXI Options History — January 2025

In January 2025, FXI traded between $28.64 and $32.50. ATM implied volatility averaged 27.5%, placing in the 18.0% IV rank vs the trailing year. The 30-day expected move averaged 7.9%. IV traded above realized volatility by 3.5% (HV 20d: 24.0%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.51.

Notable Days

  • 2025-01-24: Highest Volume — 380,529 contracts
  • 2025-01-30: Largest IV spike — 8.4% change
  • 2025-01-17: Highest IV Rank — 23.6%
  • 2025-01-30: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.46$28.64$32.50$29.91$31.98
Max Pain$30.74$30.00$31.00$30.85$31.00
ATM IV27.5%25.0%29.8%26.1%29.5%
Expected Move7.9%7.0%8.5%7.3%8.4%
HV 20d24.0%18.4%34.7%34.3%23.9%
HV 60d32.7%30.7%43.1%43.1%31.7%
IV Rank18.0%11.8%23.6%14.4%22.8%
IV Percentile58.6%35.3%73.4%49.6%71.8%
Term Structure-0.4%-8.6%3.0%0.2%0.8%
VWIV28.9%25.3%31.3%30.3%30.4%
Skew 25d-2.2%-3.4%-1.2%-3.2%-2.5%
Skew 10d-3.9%-16.7%21.2%-6.0%5.2%
Call IV 25d29.8%27.0%32.8%28.6%31.1%
Put IV 25d27.5%24.6%30.1%25.4%28.6%
Bid-Ask Spread %11.103.6922.1812.9219.38
Gamma HHI0.100.050.180.050.18
Net GEX55.5M-39.0M156.2M1.0M140.7M
Net DEX-761.7M-2.55B807.6M-44.8M-1.96B
Net VEX-12.6M-15.3M-9.9M-9.9M-15.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.191.690.470.37
Total Volume198,547.0583,586380,529138,276196,974
Total OI3,740,271.653,135,7474,587,6933,616,4573,602,051

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$29.91$30.8526.1%7.3%34.3%14.4%30.3%-3.2%0.2%1.0M-44.8M-9.9M0.4712.9294,29543,9812,116,8431,499,614
2025-01-03$30.34$30.8525.0%7.0%34.6%11.8%25.3%-2.4%0.6%16.1M-363.5M-10.5M0.309.8189,59026,8412,173,5301,527,196
2025-01-06$30.02$31.0025.4%7.7%34.7%12.8%29.2%-3.4%0.3%6.7M-172.2M-10.5M1.3210.4479,454105,0452,201,0971,535,107
2025-01-07$29.62$31.0026.4%7.8%34.7%15.1%28.6%-2.3%-0.6%-12.6M168.5M-10.3M0.229.63121,68526,8232,216,3931,572,041
2025-01-08$29.48$31.0026.5%7.7%20.4%15.4%28.1%-1.7%0.6%-9.5M201.9M-10.2M0.605.9289,12653,8162,297,0721,577,158
2025-01-10$28.64$31.0027.0%7.8%18.4%16.7%27.7%-1.7%0.1%-38.1M807.6M-9.9M1.697.4344,83475,6782,363,4771,596,208
2025-01-13$28.77$31.0028.4%8.1%18.6%20.1%29.6%-2.1%-0.3%-39.0M702.0M-10.0M0.264.15142,69337,7312,359,3901,650,214
2025-01-14$29.41$30.0028.9%8.1%20.7%21.2%30.8%-1.7%-0.5%-6.2M63.0M-11.2M0.533.98238,693125,3202,497,1501,665,488
2025-01-15$29.81$30.0028.4%8.0%21.1%20.0%29.2%-2.1%-0.3%26.2M-364.1M-12.1M0.964.3692,92989,2462,647,7931,726,193
2025-01-16$29.86$30.0028.0%7.9%20.7%19.2%28.8%-1.7%-0.4%26.5M-345.1M-12.8M0.933.6989,98483,9112,718,8311,811,376
2025-01-17$30.41$30.0029.8%8.4%21.9%23.6%31.3%-3.3%-0.8%73.6M-926.4M-13.5M0.284.97272,54475,9772,767,4551,820,238
2025-01-21$30.77$30.0027.7%7.9%21.0%18.4%28.9%-2.4%-8.6%91.1M-1.17B-13.6M0.3514.74169,71959,5922,038,7441,097,003
2025-01-22$30.51$31.0027.7%8.0%21.2%18.5%29.0%-1.8%-0.1%80.6M-961.3M-13.7M0.247.64173,55642,1982,109,3161,123,979
2025-01-23$30.55$31.0026.9%7.7%21.0%16.4%27.7%-1.7%0.2%96.1M-994.1M-14.4M0.3413.0562,22921,3572,220,9931,158,083
2025-01-24$31.32$31.0026.9%7.6%22.7%16.4%27.9%-2.2%-1.0%156.2M-1.67B-14.6M0.2613.93303,11677,4132,232,6451,173,117
2025-01-27$31.64$31.0027.0%7.7%22.6%16.8%28.1%-2.4%1.2%124.1M-1.83B-14.8M0.1913.41135,30325,5272,223,0411,182,744
2025-01-28$31.86$31.0028.5%8.3%22.7%20.4%29.2%-2.7%3.0%117.2M-1.94B-14.8M0.3019.62100,87930,5452,198,7671,204,554
2025-01-29$31.81$31.0027.1%7.9%22.3%17.1%27.7%-1.2%-3.2%125.0M-1.90B-14.6M0.3422.18115,36938,8262,216,4341,221,724
2025-01-30$32.50$31.0029.4%8.5%22.9%22.5%30.4%-2.5%0.3%134.8M-2.55B-15.1M0.2120.84262,48455,6582,219,8981,242,476
2025-01-31$31.98$31.0029.5%8.4%23.9%22.8%30.4%-2.5%0.8%140.7M-1.96B-15.3M0.3719.38143,97153,0032,320,4801,281,571