FXI Options History — April 2025

In April 2025, FXI traded between $29.27 and $35.72. ATM implied volatility averaged 37.7%, placing in the 42.5% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 12.6% (HV 20d: 50.3%). Max pain ranged from $33.00 to $35.00. Net GEX was positive for 8 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.54.

Notable Days

2025-04-04: Highest Volume — 602,568 contracts
2025-04-04: Largest IV spike — 45.9% change
2025-04-08: Highest IV Rank — 94.1%
2025-04-08: Largest Expected Move — 15.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.12	$29.27	$35.72	$35.72	$33.83
Max Pain	$34.24	$33.00	$35.00	$35.00	$33.50
ATM IV	37.7%	28.3%	59.2%	28.4%	29.6%
Expected Move	10.6%	8.0%	15.7%	8.0%	8.6%
HV 20d	50.3%	25.9%	58.1%	31.3%	57.0%
HV 60d	38.5%	28.4%	41.7%	28.5%	41.3%
IV Rank	42.5%	19.7%	94.1%	20.0%	23.0%
IV Percentile	81.8%	57.5%	99.6%	63.5%	63.5%
Term Structure	-0.6%	-4.0%	6.0%	-0.4%	0.1%
VWIV	37.7%	28.4%	53.5%	28.4%	30.6%
Skew 25d	5.2%	-0.5%	30.8%	-0.3%	1.2%
Skew 10d	11.2%	-15.8%	38.6%	0.1%	6.7%
Call IV 25d	35.3%	24.0%	53.1%	28.8%	29.6%
Put IV 25d	40.5%	28.4%	63.9%	28.4%	30.8%
Bid-Ask Spread %	47.13	39.02	67.53	48.87	50.53
Gamma HHI	0.08	0.06	0.11	0.09	0.07
Net GEX	4.1M	-37.4M	74.0M	-1.8M	44.6M
Net DEX	126.8M	-1.31B	2.56B	-1.19B	-904.1M
Net VEX	-17.9M	-19.5M	-15.1M	-17.2M	-18.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.54	0.16	5.23	3.13	1.31
Total Volume	233,688.714	80,428	602,568	80,428	127,290
Total OI	4,055,869.524	3,500,627	4,466,478	3,500,627	4,207,706

Daily Data (21 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
2025-04-01	$35.72	$35.00	28.4%	8.0%	31.3%	20.0%	28.4%	-0.3%	-0.4%	-1.8M	-1.19B	-17.2M	3.13	48.87	19,469	60,959	1,799,900	1,700,727
2025-04-02	$35.58	$35.00	28.3%	8.0%	25.9%	19.7%	28.5%	0.2%	-0.3%	-11.4M	-1.02B	-17.0M	3.54	39.02	56,067	198,303	1,807,679	1,734,316
2025-04-03	$35.20	$35.00	29.2%	8.3%	26.1%	22.0%	29.7%	0.9%	-0.4%	-37.4M	-692.1M	-17.2M	5.23	46.65	37,433	195,803	1,838,631	1,780,647
2025-04-04	$32.73	$35.00	42.6%	11.1%	36.1%	54.3%	38.3%	-0.5%	-1.9%	-32.5M	1.33B	-17.3M	3.30	48.55	140,021	462,547	1,828,914	1,865,102
2025-04-07	$30.09	$35.00	55.3%	14.6%	44.8%	84.8%	51.1%	11.9%	-1.3%	-28.5M	2.18B	-15.8M	1.25	46.01	179,521	224,206	1,856,817	1,863,492
2025-04-08	$29.27	$35.00	59.2%	15.7%	44.1%	94.1%	53.5%	10.8%	-4.0%	-30.6M	2.56B	-15.1M	1.67	44.26	149,125	248,487	1,990,196	1,957,240
2025-04-09	$31.66	$35.00	49.5%	13.3%	54.4%	70.9%	48.6%	30.8%	-1.4%	-33.5M	1.64B	-17.7M	4.15	53.49	92,988	385,896	2,080,834	2,134,799
2025-04-10	$31.30	$34.00	53.8%	15.1%	54.1%	81.2%	49.2%	7.8%	-0.8%	-33.4M	1.73B	-18.2M	0.69	67.53	193,969	133,478	2,144,091	2,200,192
2025-04-11	$32.88	$34.00	46.6%	13.2%	56.6%	63.8%	51.3%	7.2%	-1.0%	-16.8M	532.9M	-19.5M	1.02	39.86	139,720	142,721	2,247,960	2,213,450
2025-04-14	$33.52	$34.00	39.0%	11.0%	56.2%	45.6%	41.4%	4.5%	1.6%	-11.9M	84.8M	-19.3M	0.40	39.61	126,607	50,665	2,255,053	2,120,510
2025-04-15	$33.17	$34.00	33.6%	9.6%	56.2%	32.7%	34.4%	3.2%	6.0%	-22.7M	491.3M	-18.3M	0.44	54.49	95,953	42,446	2,291,931	2,124,449
2025-04-16	$32.34	$34.00	35.3%	10.1%	56.5%	36.6%	36.1%	3.6%	-3.0%	-27.2M	1.14B	-17.8M	0.89	54.59	102,437	91,395	2,327,082	2,130,042
2025-04-17	$32.61	$33.00	35.5%	10.2%	56.2%	37.2%	35.3%	5.0%	-0.8%	-2.2M	651.0M	-18.3M	0.16	58.13	109,333	17,240	2,380,733	2,085,745
2025-04-21	$32.36	$34.00	37.7%	11.0%	56.0%	42.5%	38.5%	1.0%	-1.0%	5.6M	197.8M	-17.7M	1.06	40.78	48,455	51,514	2,043,288	1,766,400
2025-04-22	$33.50	$34.00	35.9%	10.5%	57.8%	38.1%	36.0%	6.6%	0.2%	27.1M	-610.4M	-18.3M	0.49	42.54	185,069	91,167	2,057,303	1,796,770
2025-04-23	$33.87	$34.00	30.2%	9.6%	58.0%	24.4%	34.7%	10.6%	-1.8%	51.3M	-1.02B	-18.6M	0.32	50.26	183,693	58,912	2,178,695	1,843,018
2025-04-24	$34.13	$33.50	32.4%	9.4%	58.1%	29.6%	32.8%	0.9%	-0.9%	65.8M	-1.31B	-19.0M	0.91	39.47	73,075	66,629	2,241,680	1,872,259
2025-04-25	$33.95	$34.00	31.7%	9.1%	57.8%	28.0%	33.2%	1.1%	-1.3%	74.0M	-1.13B	-19.0M	0.46	40.21	74,208	34,024	2,259,174	1,881,320
2025-04-28	$33.97	$34.00	30.2%	8.6%	57.1%	24.4%	30.8%	1.3%	-0.2%	57.3M	-1.08B	-18.4M	1.14	43.26	48,787	55,681	2,249,781	1,855,899
2025-04-29	$33.83	$34.00	28.4%	8.1%	57.0%	20.2%	29.9%	1.6%	0.7%	49.1M	-940.8M	-18.1M	0.70	41.61	66,051	46,119	2,267,749	1,891,686
2025-04-30	$33.83	$33.50	29.6%	8.6%	57.0%	23.0%	30.6%	1.2%	0.1%	44.6M	-904.1M	-18.2M	1.31	50.53	55,198	72,092	2,277,960	1,929,746