FXI Options History — March 2026

In March 2026, FXI traded between $34.81 and $36.89. ATM implied volatility averaged 27.9%, placing in the 24.2% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 7.7% (HV 20d: 20.2%). Max pain ranged from $36.00 to $39.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.12.

Notable Days

2026-03-02: Highest Volume — 340,355 contracts
2026-03-03: Largest IV spike — 18.0% change
2026-03-05: Highest IV Rank — 30.4%
2026-03-03: Largest Expected Move — 8.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$35.95	$34.81	$36.89	$36.89	$35.80
Max Pain	$37.41	$36.00	$39.00	$39.00	$36.00
ATM IV	27.9%	25.4%	30.5%	25.5%	27.7%
Expected Move	8.0%	7.2%	8.9%	7.7%	7.9%
HV 20d	20.2%	17.9%	23.2%	17.9%	23.2%
HV 60d	21.0%	20.0%	22.2%	20.0%	21.1%
IV Rank	24.2%	18.3%	30.4%	18.4%	23.7%
IV Percentile	78.9%	67.1%	89.3%	67.1%	79.0%
Term Structure	0.0%	-1.3%	1.3%	0.4%	0.4%
VWIV	28.4%	25.3%	32.2%	27.8%	27.1%
Skew 25d	4.0%	-0.5%	7.1%	1.7%	7.1%
Skew 10d	8.3%	4.0%	14.9%	5.9%	13.2%
Call IV 25d	26.8%	18.9%	31.1%	25.4%	25.1%
Put IV 25d	30.8%	18.3%	34.2%	27.1%	32.2%
Bid-Ask Spread %	24.84	12.09	74.53	18.72	19.41
Gamma HHI	0.10	0.08	0.20	0.08	0.10
Net GEX	-70.0M	-108.0M	-33.6M	-76.2M	-49.6M
Net DEX	2.13B	1.44B	2.84B	1.89B	1.89B
Net VEX	-22.2M	-23.6M	-20.5M	-22.2M	-22.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.12	0.24	2.70	0.58	0.60
Total Volume	124,154.909	49,120	340,355	340,355	89,752
Total OI	4,511,918.5	3,625,983	5,088,386	4,498,721	3,903,079

Daily Data (22 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
2026-03-02	$36.89	$39.00	25.5%	7.7%	17.9%	18.4%	27.8%	1.7%	0.4%	-76.2M	1.89B	-22.2M	0.58	18.72	215,202	125,153	2,052,468	2,446,253
2026-03-03	$36.03	$39.00	30.1%	8.9%	18.9%	29.5%	32.2%	2.2%	-0.8%	-93.9M	2.44B	-22.8M	0.94	52.81	166,236	156,862	2,181,352	2,466,966
2026-03-04	$36.27	$39.00	28.2%	8.2%	19.1%	24.9%	30.5%	3.2%	-0.8%	-91.1M	2.30B	-23.3M	0.56	19.50	40,562	22,665	2,210,874	2,502,827
2026-03-05	$35.55	$38.00	30.5%	8.1%	19.9%	30.4%	28.9%	3.7%	-0.9%	-108.0M	2.84B	-22.3M	2.70	20.41	56,603	152,848	2,240,827	2,500,822
2026-03-06	$35.80	$38.00	29.8%	8.4%	20.3%	28.8%	28.9%	4.0%	-0.8%	-100.3M	2.48B	-22.8M	1.39	23.85	64,249	89,565	2,271,008	2,536,356
2026-03-09	$36.42	$38.00	28.8%	8.5%	19.1%	26.4%	28.3%	-0.5%	0.6%	-80.0M	2.01B	-23.5M	0.24	35.22	39,470	9,650	2,267,437	2,594,681
2026-03-10	$36.59	$38.00	27.6%	7.8%	19.0%	23.4%	28.6%	3.1%	-0.7%	-71.7M	1.76B	-23.6M	0.69	74.53	71,247	49,283	2,285,801	2,581,793
2026-03-11	$36.34	$38.00	27.4%	8.2%	18.7%	22.9%	28.4%	4.2%	1.3%	-88.9M	2.11B	-22.9M	1.10	18.23	37,141	40,856	2,284,204	2,575,191
2026-03-12	$36.17	$38.00	28.0%	8.3%	18.7%	24.5%	29.2%	4.0%	1.1%	-83.0M	2.14B	-22.7M	0.55	32.16	59,820	32,803	2,313,003	2,587,366
2026-03-13	$36.22	$37.00	28.5%	8.2%	17.9%	25.7%	27.2%	4.4%	-0.4%	-80.9M	2.00B	-23.1M	1.13	32.04	23,535	26,659	2,333,722	2,587,813
2026-03-16	$36.81	$37.00	26.3%	7.5%	19.0%	20.2%	26.4%	3.1%	0.9%	-47.4M	1.48B	-22.8M	0.60	21.14	83,573	50,156	2,338,771	2,586,395
2026-03-17	$36.86	$37.00	25.4%	7.2%	18.8%	18.3%	25.3%	4.4%	0.9%	-33.6M	1.44B	-22.9M	0.60	12.15	56,984	34,051	2,406,274	2,616,763
2026-03-18	$36.23	$37.00	26.7%	7.7%	19.4%	21.3%	27.6%	3.0%	0.4%	-45.7M	1.94B	-22.4M	1.70	46.37	44,146	75,238	2,423,303	2,616,516
2026-03-19	$36.16	$37.00	26.9%	7.6%	19.4%	21.7%	26.6%	4.1%	0.8%	-49.0M	1.92B	-22.2M	2.52	20.04	33,086	83,514	2,453,028	2,613,263
2026-03-20	$35.16	$37.00	27.5%	8.0%	21.0%	23.2%	28.9%	4.5%	0.3%	-107.2M	2.76B	-20.7M	1.78	15.55	47,213	83,873	2,460,570	2,627,816
2026-03-23	$35.44	$37.00	27.1%	7.9%	21.5%	22.2%	28.1%	4.5%	-1.3%	-52.2M	2.14B	-20.9M	1.80	14.46	27,405	49,360	1,709,455	1,916,528
2026-03-24	$35.39	$37.00	27.6%	8.0%	21.5%	23.4%	26.7%	4.0%	-1.0%	-54.6M	2.14B	-20.9M	0.76	18.55	40,699	31,093	1,712,420	1,930,512
2026-03-25	$36.00	$37.00	26.0%	7.4%	22.8%	19.6%	25.9%	5.2%	1.3%	-43.4M	1.75B	-21.8M	0.44	13.97	84,845	37,485	1,734,954	1,952,152
2026-03-26	$34.97	$37.00	29.3%	8.4%	22.8%	27.7%	30.4%	5.7%	0.3%	-56.8M	2.39B	-20.5M	1.64	12.20	29,708	48,600	1,785,742	1,960,387
2026-03-27	$34.81	$36.00	29.4%	8.2%	22.8%	27.9%	30.3%	6.3%	-1.3%	-64.9M	2.49B	-20.6M	1.48	13.07	58,874	87,411	1,805,977	1,990,986
2026-03-30	$34.95	$36.00	29.2%	8.5%	22.7%	27.3%	30.6%	6.0%	-0.3%	-61.2M	2.43B	-20.9M	0.75	12.09	42,320	31,613	1,845,747	2,050,805
2026-03-31	$35.80	$36.00	27.7%	7.9%	23.2%	23.7%	27.1%	7.1%	0.4%	-49.6M	1.89B	-22.0M	0.60	19.41	56,075	33,677	1,837,333	2,065,746