EXI Options History — July 2023

In July 2023, EXI traded between $117.37 and $123.18. ATM implied volatility averaged 13.1%, placing in the 2.4% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 0.2% (HV 20d: 13.0%). Max pain ranged from $115.00 to $115.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2023-07-17: Highest Volume — 3 contracts
2023-07-12: Largest IV drop — 23.7% change
2023-07-11: Highest IV Rank — 8.0%
2023-07-05: Largest Expected Move — 4.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$121.42	$117.37	$123.18	$120.44	$123.18
Max Pain	$115.00	$115.00	$115.00	$115.00	$115.00
ATM IV	13.1%	11.9%	16.0%	12.9%	13.1%
Expected Move	3.6%	3.4%	4.1%	3.7%	3.8%
HV 20d	13.0%	10.8%	14.5%	12.5%	10.8%
HV 60d	14.2%	13.4%	14.7%	14.0%	13.4%
IV Rank	2.4%	0.0%	8.0%	1.1%	3.0%
IV Percentile	5.0%	0.0%	15.5%	2.0%	8.3%
Term Structure	-0.3%	-2.4%	1.5%	-0.6%	-2.3%
Skew 25d	1.5%	0.6%	4.4%	1.4%	0.6%
Skew 10d	1.8%	0.8%	2.7%	1.4%	1.1%
Call IV 25d	12.1%	11.0%	14.3%	13.1%	13.8%
Put IV 25d	13.6%	12.6%	17.6%	14.5%	14.4%
Bid-Ask Spread %	130.26	126.61	135.82	131.00	133.55
Gamma HHI	1.00	1.00	1.00	1.00	1.00
Net GEX	1.6K	-685	8.5K	3.0K	-638
Net DEX	-57.8K	-93.1K	4.2K	-84.1K	3.4K
Net VEX	-58	-121	-32	-77	-32
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.3	0	3	0	0
Total OI	7.6	2	10	10	2

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2023-07-03	$120.44	$115.00	12.9%	3.7%	12.5%	1.1%	0.0%	1.4%	-0.6%	3.0K	-84.1K	-77	131.00	N/A	N/A	0	8	2
2023-07-05	$118.91	$115.00	14.3%	4.1%	13.4%	4.3%	0.0%	1.2%	-1.6%	5.5K	-75.1K	-100	132.02	N/A	N/A	0	8	2
2023-07-06	$117.37	$0.00	14.8%	3.8%	14.2%	5.5%	0.0%	1.9%	0.2%	8.5K	-57.5K	-121	126.61	N/A	N/A	0	8	2
2023-07-07	$118.18	$0.00	14.6%	3.8%	14.0%	4.9%	0.0%	1.7%	-0.6%	6.7K	-69.2K	-108	129.02	N/A	N/A	0	8	2
2023-07-10	$119.00	$0.00	15.9%	3.8%	14.0%	7.8%	0.0%	1.8%	-0.0%	5.4K	-76.3K	-88	126.97	N/A	N/A	0	8	2
2023-07-11	$120.30	$0.00	16.0%	3.5%	14.4%	8.0%	0.0%	1.8%	1.5%	3.1K	-84.0K	-70	128.46	N/A	N/A	0	8	2
2023-07-12	$121.25	$0.00	12.2%	3.5%	14.5%	0.0%	0.0%	1.7%	1.0%	1.7K	-88.1K	-59	128.54	N/A	N/A	0	8	2
2023-07-13	$122.29	$0.00	12.3%	3.5%	14.1%	0.2%	0.0%	1.5%	0.6%	561	-91.4K	-49	129.18	N/A	N/A	0	8	2
2023-07-14	$121.69	$0.00	11.9%	3.4%	14.3%	0.0%	0.0%	1.3%	0.2%	1.1K	-89.8K	-54	129.15	N/A	N/A	0	8	2
2023-07-17	$122.03	$0.00	12.0%	3.4%	13.6%	0.3%	0.0%	1.4%	0.8%	458	-91.5K	-46	129.67	N/A	N/A	3	8	2
2023-07-18	$122.83	$0.00	12.0%	3.4%	13.7%	0.3%	0.0%	1.3%	0.1%	-153	-92.9K	-44	129.36	N/A	N/A	3	8	2
2023-07-19	$122.48	$0.00	11.9%	3.4%	13.2%	0.1%	0.0%	1.3%	1.3%	-61	-92.5K	-44	129.49	N/A	N/A	0	8	2
2023-07-20	$122.38	$0.00	12.3%	3.5%	13.2%	1.1%	0.0%	1.0%	-0.1%	-81	-92.6K	-43	130.21	N/A	N/A	0	8	2
2023-07-21	$122.46	$0.00	12.4%	3.5%	12.7%	1.1%	0.0%	0.9%	-0.7%	-386	-93.1K	-42	130.19	N/A	N/A	0	8	2
2023-07-24	$122.53	$0.00	12.6%	3.6%	11.3%	1.8%	0.0%	1.4%	-0.4%	-663	4.2K	-40	131.02	N/A	N/A	0	0	2
2023-07-25	$122.43	$0.00	12.9%	3.7%	11.3%	2.4%	0.0%	1.2%	-1.2%	-672	4.1K	-39	131.71	N/A	N/A	0	0	2
2023-07-26	$123.14	$0.00	12.5%	3.6%	11.0%	1.5%	0.0%	1.3%	-0.4%	-634	3.4K	-35	132.02	N/A	N/A	0	0	2
2023-07-27	$122.28	$0.00	13.2%	3.8%	11.4%	3.1%	0.0%	4.4%	-2.4%	-685	4.0K	-39	135.82	N/A	N/A	0	0	2
2023-07-28	$123.16	$0.00	12.6%	3.6%	11.6%	1.6%	0.0%	0.8%	-1.8%	-636	3.6K	-36	131.22	N/A	N/A	0	0	2
2023-07-31	$123.18	$0.00	13.1%	3.8%	10.8%	3.0%	0.0%	0.6%	-2.3%	-638	3.4K	-32	133.55	N/A	N/A	0	0	2