FXI Options History — October 2025

In October 2025, FXI traded between $38.48 and $41.75. ATM implied volatility averaged 26.0%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 3.8% (HV 20d: 22.2%). Max pain ranged from $39.00 to $40.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.89.

Notable Days

2025-10-16: Highest Volume — 588,253 contracts
2025-10-29: Largest IV spike — 30.4% change
2025-10-10: Highest IV Rank — 26.8%
2025-10-10: Largest Expected Move — 8.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.41	$38.48	$41.75	$41.41	$39.69
Max Pain	$39.96	$39.00	$40.00	$40.00	$40.00
ATM IV	26.0%	23.0%	31.3%	23.7%	23.2%
Expected Move	7.3%	6.0%	8.5%	6.3%	6.8%
HV 20d	22.2%	14.5%	26.0%	17.3%	26.0%
HV 60d	20.2%	17.6%	21.5%	18.0%	21.5%
IV Rank	12.8%	4.9%	26.8%	6.5%	5.5%
IV Percentile	39.0%	13.1%	76.6%	20.6%	15.5%
Term Structure	-0.0%	-1.8%	4.3%	0.4%	1.9%
VWIV	26.2%	22.0%	29.7%	22.6%	24.8%
Skew 25d	0.2%	-11.5%	2.8%	-1.2%	1.3%
Skew 10d	1.7%	-5.2%	11.7%	-2.0%	1.2%
Call IV 25d	26.8%	23.7%	41.5%	25.0%	23.7%
Put IV 25d	27.0%	23.0%	33.4%	23.9%	25.0%
Bid-Ask Spread %	22.01	3.99	67.95	3.99	15.65
Gamma HHI	0.12	0.08	0.20	0.15	0.10
Net GEX	118.1M	22.2M	217.4M	191.5M	50.9M
Net DEX	-2.60B	-4.36B	-687.4M	-3.93B	-1.43B
Net VEX	-19.9M	-21.3M	-18.3M	-18.8M	-21.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.89	0.09	2.35	1.58	1.19
Total Volume	163,065.652	59,210	588,253	81,968	97,039
Total OI	4,400,965.304	4,151,535	4,830,224	4,165,563	4,734,123

Daily Data (23 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
2025-10-01	$41.41	$40.00	23.7%	6.3%	17.3%	6.5%	22.6%	-1.2%	0.4%	191.5M	-3.93B	-18.8M	1.58	3.99	31,790	50,178	2,245,006	1,920,557
2025-10-02	$41.75	$40.00	23.5%	6.3%	16.1%	6.1%	23.4%	-1.6%	0.2%	213.3M	-4.36B	-18.5M	0.79	13.87	55,076	43,350	2,258,944	1,944,071
2025-10-03	$41.47	$40.00	23.0%	6.0%	16.1%	4.9%	22.0%	-1.3%	0.3%	217.4M	-3.93B	-18.6M	0.79	4.36	121,850	95,742	2,260,100	1,965,903
2025-10-06	$41.48	$40.00	23.6%	6.9%	15.7%	6.3%	24.4%	-1.3%	0.2%	189.5M	-3.85B	-18.3M	0.70	11.80	34,801	24,409	2,200,966	1,950,569
2025-10-07	$40.94	$40.00	23.6%	6.9%	16.0%	6.3%	24.3%	-1.4%	0.4%	158.1M	-3.31B	-18.4M	0.57	5.42	76,262	43,711	2,229,881	1,972,907
2025-10-08	$41.05	$40.00	23.6%	6.9%	15.8%	6.3%	25.5%	-0.8%	0.4%	175.1M	-3.51B	-18.4M	0.09	9.51	106,224	9,264	2,286,006	2,011,517
2025-10-09	$40.48	$40.00	24.2%	7.0%	14.5%	7.8%	25.3%	-0.5%	0.2%	133.5M	-2.82B	-19.1M	0.78	8.96	44,550	34,708	2,354,561	2,009,963
2025-10-10	$38.48	$39.00	31.3%	8.5%	23.0%	26.8%	29.7%	2.8%	-1.1%	22.2M	-687.4M	-20.1M	2.35	54.60	94,326	222,020	2,374,216	2,028,700
2025-10-13	$39.50	$40.00	28.4%	7.8%	25.1%	19.4%	27.6%	-11.5%	-1.1%	64.9M	-1.53B	-20.3M	1.07	35.78	79,779	85,308	2,384,178	2,092,029
2025-10-14	$39.38	$40.00	28.6%	8.2%	24.9%	19.8%	28.7%	2.6%	-1.7%	56.2M	-1.44B	-19.9M	0.77	37.00	109,681	84,147	2,411,711	2,136,179
2025-10-15	$39.81	$40.00	27.8%	7.5%	24.6%	17.8%	27.2%	2.3%	-1.8%	89.6M	-1.83B	-20.7M	0.76	25.47	75,084	56,785	2,472,511	2,169,431
2025-10-16	$39.92	$40.00	28.7%	8.1%	24.4%	20.2%	28.7%	1.3%	-0.3%	94.6M	-2.01B	-20.6M	0.14	28.64	515,304	72,949	2,509,091	2,198,594
2025-10-17	$39.97	$40.00	28.0%	8.0%	24.4%	18.3%	28.7%	1.8%	-0.6%	170.5M	-2.10B	-21.3M	1.05	26.68	109,396	115,352	2,607,089	2,223,135
2025-10-20	$40.50	$40.00	27.4%	7.8%	24.8%	16.6%	28.9%	2.5%	-0.1%	97.1M	-2.63B	-20.5M	1.13	24.82	83,486	94,249	2,179,049	1,980,071
2025-10-21	$39.95	$40.00	27.0%	7.7%	24.9%	15.6%	27.5%	2.1%	-1.0%	69.6M	-2.01B	-21.0M	0.62	13.82	57,051	35,106	2,212,209	2,027,171
2025-10-22	$39.73	$40.00	27.4%	7.8%	24.6%	16.6%	28.6%	2.8%	-0.4%	60.5M	-1.78B	-20.1M	0.93	20.96	48,804	45,592	2,235,502	2,038,044
2025-10-23	$40.44	$40.00	26.8%	7.7%	25.5%	15.1%	27.8%	2.6%	-0.2%	90.7M	-2.54B	-20.4M	0.65	22.32	90,960	58,820	2,242,352	2,075,637
2025-10-24	$40.55	$40.00	25.9%	7.5%	25.4%	12.8%	26.5%	1.3%	-0.9%	103.6M	-2.55B	-21.2M	0.66	25.55	39,155	25,682	2,284,121	2,112,646
2025-10-27	$41.06	$40.00	23.9%	7.0%	25.2%	7.6%	25.0%	-0.3%	-0.0%	134.7M	-3.33B	-18.8M	0.59	10.93	133,314	79,139	2,243,631	2,072,625
2025-10-28	$40.84	$40.00	23.6%	6.9%	25.3%	6.8%	25.1%	0.2%	0.0%	131.7M	-3.07B	-19.6M	0.82	16.18	44,571	36,526	2,314,327	2,134,555
2025-10-29	$40.95	$40.00	30.8%	7.4%	25.2%	25.7%	26.5%	1.3%	4.3%	125.7M	-3.00B	-20.9M	1.38	67.95	61,363	84,454	2,337,139	2,160,193
2025-10-30	$40.19	$40.00	23.3%	6.9%	25.7%	5.8%	24.8%	0.4%	0.3%	74.3M	-2.20B	-20.5M	1.13	21.94	114,082	129,071	2,380,669	2,240,323
2025-10-31	$39.69	$40.00	23.2%	6.8%	26.0%	5.5%	24.8%	1.3%	1.9%	50.9M	-1.43B	-21.2M	1.19	15.65	44,266	52,773	2,422,587	2,311,536