EXI Options History — January 2025

In January 2025, EXI traded between $140.06 and $150.41. ATM implied volatility averaged 16.1%, placing in the 28.0% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 1.0% (HV 20d: 15.1%). Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-01-02: Highest Volume — 3 contracts
  • 2025-01-15: Largest IV drop — 43.5% change
  • 2025-01-14: Highest IV Rank — 78.3%
  • 2025-01-31: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$145.02$140.06$150.41$140.85$147.78
ATM IV16.1%13.1%25.5%15.6%16.4%
Expected Move4.2%3.8%4.7%4.5%4.7%
HV 20d15.1%12.4%23.0%23.0%13.7%
HV 60d18.5%18.0%19.1%18.2%19.1%
IV Rank28.0%11.8%78.3%25.3%29.6%
IV Percentile54.9%20.6%98.0%62.7%69.8%
Term Structure0.4%-3.2%3.5%0.4%-3.2%
Skew 25d1.9%1.1%4.6%1.8%1.5%
Skew 10d2.5%1.0%3.9%1.6%2.7%
Call IV 25d12.2%10.8%14.8%14.8%12.9%
Put IV 25d14.1%12.3%17.1%16.6%14.4%
Bid-Ask Spread %139.29128.74150.10146.75145.15
Gamma HHI0.770.581.001.000.87
Net GEX1.1K-6491.5K-6491.4K
Net DEX-25.1K-33.9K3.1K3.1K-30.4K
Net VEX-108-136-25-25-97
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.150330
Total OI4.852525

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$140.85$0.0015.6%4.5%23.0%25.3%0.0%1.8%0.4%-6493.1K-250.00146.75N/AN/A3002
2025-01-03$141.95$0.0014.5%4.2%23.0%19.2%0.0%1.1%-0.5%1.0K-21.7K-1330.00150.10N/AN/A0032
2025-01-06$142.20$0.0016.1%4.2%21.8%27.6%0.0%1.1%1.0%1.1K-22.4K-1280.00129.30N/AN/A0032
2025-01-07$141.87$0.0020.8%4.4%16.1%52.9%0.0%1.5%-0.3%965-21.9K-1300.00146.82N/AN/A0032
2025-01-08$142.23$0.0017.5%4.5%14.7%35.3%0.0%3.7%0.6%1.1K-22.2K-1280.00128.74N/AN/A0032
2025-01-10$140.06$0.0018.5%4.5%15.3%40.9%0.0%4.0%2.4%905-18.2K-1360.00131.06N/AN/A0032
2025-01-13$140.47$0.0023.6%4.5%13.9%67.9%0.0%4.6%3.5%918-19.0K-1310.00132.03N/AN/A0032
2025-01-14$141.83$0.0025.5%4.6%13.3%78.3%0.0%3.1%-0.1%1.0K-21.4K-1260.00130.78N/AN/A0032
2025-01-15$143.26$0.0014.4%4.1%13.9%18.7%0.0%1.3%0.3%1.2K-24.0K-1200.00138.30N/AN/A0032
2025-01-16$144.38$0.0014.4%4.1%14.3%18.9%0.0%1.6%0.2%1.3K-25.7K-1170.00139.14N/AN/A0032
2025-01-17$145.35$0.0013.8%4.0%13.7%15.5%0.0%1.2%0.3%1.3K-27.3K-1120.00139.09N/AN/A0032
2025-01-21$148.53$0.0013.1%3.8%12.4%11.8%0.0%1.7%0.5%1.3K-31.4K-1000.00136.80N/AN/A0032
2025-01-22$148.87$0.0013.3%3.8%12.4%12.8%0.0%1.7%0.5%1.4K-32.1K-980.00138.39N/AN/A0032
2025-01-23$150.41$0.0013.2%3.8%12.7%12.1%0.0%1.3%0.5%1.3K-33.9K-920.00137.47N/AN/A0032
2025-01-24$150.20$0.0013.3%3.8%12.6%13.0%0.0%1.1%0.8%1.3K-33.5K-920.00140.42N/AN/A0032
2025-01-27$147.94$0.0015.7%4.5%14.1%25.6%0.0%1.4%-0.3%1.4K-30.1K-1010.00140.72N/AN/A0032
2025-01-28$147.13$0.0014.3%4.1%14.3%18.0%0.0%1.4%0.3%1.4K-29.8K-1010.00144.18N/AN/A0032
2025-01-29$147.00$0.0014.2%4.1%13.9%17.8%0.0%1.2%0.3%1.4K-29.5K-1020.00145.23N/AN/A0032
2025-01-30$148.07$0.0014.6%4.2%13.8%19.6%0.0%1.7%0.0%1.5K-30.6K-980.00145.40N/AN/A0032
2025-01-31$147.78$0.0016.4%4.7%13.7%29.6%0.0%1.5%-3.2%1.4K-30.4K-970.00145.15N/AN/A0032