FXI Options History — August 2025

In August 2025, FXI traded between $36.78 and $39.22. ATM implied volatility averaged 21.9%, placing in the 4.6% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 3.4% (HV 20d: 18.5%). Max pain ranged from $36.00 to $37.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.90.

Notable Days

2025-08-27: Highest Volume — 430,856 contracts
2025-08-13: Largest IV spike — 8.0% change
2025-08-01: Highest IV Rank — 7.6%
2025-08-13: Largest Expected Move — 6.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.23	$36.78	$39.22	$36.78	$38.92
Max Pain	$36.62	$36.00	$37.00	$37.00	$37.00
ATM IV	21.9%	21.0%	23.2%	23.2%	21.3%
Expected Move	6.3%	6.0%	6.7%	6.7%	6.1%
HV 20d	18.5%	15.7%	21.8%	16.4%	20.6%
HV 60d	17.6%	16.4%	18.4%	17.9%	18.1%
IV Rank	4.6%	2.4%	7.6%	7.6%	3.0%
IV Percentile	10.8%	3.6%	18.3%	16.7%	6.0%
Term Structure	0.0%	-0.4%	0.4%	-0.2%	-0.3%
VWIV	22.8%	21.2%	23.9%	23.8%	21.5%
Skew 25d	-1.0%	-9.8%	0.8%	0.8%	-0.4%
Skew 10d	-0.4%	-3.3%	2.5%	2.5%	0.1%
Call IV 25d	23.1%	22.1%	24.4%	23.6%	22.4%
Put IV 25d	22.1%	14.4%	24.4%	24.4%	22.1%
Bid-Ask Spread %	6.45	3.15	25.51	25.51	3.92
Gamma HHI	0.15	0.11	0.20	0.11	0.14
Net GEX	101.9M	29.0M	151.7M	29.0M	151.7M
Net DEX	-2.48B	-3.50B	-1.02B	-1.02B	-3.01B
Net VEX	-19.8M	-20.9M	-19.0M	-20.5M	-20.9M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.90	0.16	2.78	0.67	0.39
Total Volume	132,253.476	47,792	430,856	142,100	47,792
Total OI	4,483,523.286	4,192,548	4,831,866	4,383,791	4,828,208

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
2025-08-01	$36.78	$37.00	23.2%	6.7%	16.4%	7.6%	23.8%	0.8%	-0.2%	29.0M	-1.02B	-20.5M	0.67	25.51	84,884	57,216	2,173,693	2,210,098
2025-08-04	$37.47	$36.00	22.9%	6.7%	17.6%	6.9%	23.6%	0.1%	0.2%	76.5M	-1.90B	-20.1M	1.15	7.75	33,274	38,412	2,142,473	2,205,211
2025-08-05	$37.66	$36.00	22.7%	6.6%	17.4%	6.3%	23.9%	0.1%	0.1%	91.6M	-2.02B	-20.0M	0.68	11.19	34,930	23,804	2,158,831	2,207,958
2025-08-06	$37.78	$36.00	22.3%	6.5%	16.4%	5.3%	22.8%	-0.1%	0.3%	94.8M	-2.18B	-19.9M	0.56	6.68	72,294	40,733	2,165,136	2,218,346
2025-08-07	$37.72	$36.00	21.8%	6.4%	16.3%	4.2%	23.6%	-0.4%	0.3%	92.7M	-2.11B	-19.6M	0.22	7.48	74,444	16,150	2,174,668	2,240,460
2025-08-08	$37.64	$36.00	21.3%	6.2%	16.3%	3.1%	22.2%	-0.1%	0.3%	97.0M	-2.09B	-19.6M	0.98	3.89	30,015	29,558	2,215,455	2,271,157
2025-08-11	$37.33	$36.00	21.9%	6.4%	16.3%	4.4%	23.2%	-0.6%	0.1%	71.8M	-1.68B	-19.0M	0.94	4.22	68,139	64,014	2,182,701	2,267,760
2025-08-12	$37.97	$36.00	21.4%	6.2%	15.7%	3.3%	23.0%	-0.1%	0.2%	113.5M	-2.43B	-19.1M	1.11	5.30	48,891	54,036	2,223,445	2,308,137
2025-08-13	$39.00	$36.00	23.1%	6.7%	18.2%	7.4%	23.8%	-9.8%	0.3%	151.7M	-3.50B	-19.2M	1.06	4.29	141,789	149,595	2,244,737	2,355,780
2025-08-14	$38.30	$37.00	22.1%	6.4%	19.5%	5.1%	22.7%	-0.6%	0.2%	127.5M	-2.73B	-20.1M	0.72	3.15	59,652	42,781	2,324,964	2,437,114
2025-08-15	$38.36	$37.00	21.8%	6.4%	19.0%	4.2%	22.6%	-0.5%	0.4%	85.3M	-2.89B	-19.8M	0.62	4.20	89,199	55,034	2,353,647	2,478,219
2025-08-18	$38.59	$37.00	22.0%	6.3%	19.0%	4.7%	22.6%	-0.6%	-0.0%	99.7M	-2.65B	-19.6M	0.54	4.83	41,477	22,517	2,103,359	2,089,189
2025-08-19	$38.16	$37.00	21.3%	6.1%	18.9%	2.9%	22.3%	-0.7%	0.2%	81.7M	-2.23B	-19.7M	1.28	4.55	36,776	47,173	2,121,419	2,109,948
2025-08-20	$38.39	$37.00	21.5%	6.2%	18.7%	3.4%	22.1%	-0.2%	0.2%	90.5M	-2.43B	-19.8M	1.18	4.28	22,723	26,828	2,144,846	2,137,954
2025-08-21	$38.36	$37.00	21.0%	6.0%	18.7%	2.4%	21.2%	-0.6%	0.0%	100.4M	-2.46B	-19.3M	2.78	5.04	43,313	120,339	2,171,864	2,137,685
2025-08-22	$39.22	$37.00	22.1%	6.3%	20.2%	4.9%	23.2%	-1.5%	-0.4%	129.9M	-3.34B	-19.4M	0.70	7.48	145,867	101,762	2,179,527	2,206,678
2025-08-25	$39.19	$37.00	22.1%	6.2%	20.1%	4.9%	22.9%	-2.0%	-0.4%	134.1M	-3.29B	-19.9M	0.24	4.53	98,699	23,407	2,256,118	2,238,599
2025-08-26	$39.22	$37.00	21.6%	6.2%	19.9%	3.8%	22.3%	-1.7%	-0.1%	144.8M	-3.42B	-19.7M	2.18	5.41	26,054	56,873	2,295,701	2,245,716
2025-08-27	$38.20	$37.00	21.9%	6.3%	21.8%	4.5%	22.7%	-0.7%	-0.4%	80.2M	-2.07B	-20.1M	0.16	7.78	371,800	59,056	2,300,343	2,272,073
2025-08-28	$38.56	$37.00	21.5%	6.2%	21.7%	3.4%	23.3%	-0.7%	-0.1%	96.1M	-2.62B	-20.7M	0.82	3.94	96,795	79,228	2,440,586	2,314,186
2025-08-29	$38.92	$37.00	21.3%	6.1%	20.6%	3.0%	21.5%	-0.4%	-0.3%	151.7M	-3.01B	-20.9M	0.39	3.92	34,385	13,407	2,478,875	2,349,333