EXI Options History — February 2025

In February 2025, EXI traded between $143.64 and $150.78. ATM implied volatility averaged 15.2%, placing in the 22.9% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 2.2% (HV 20d: 13.0%). Max pain ranged from $129.00 to $129.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days.

Notable Days

  • 2025-02-28: Largest IV spike — 29.3% change
  • 2025-02-28: Highest IV Rank — 70.9%
  • 2025-02-28: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$147.65$143.64$150.78$145.91$143.64
Max Pain$129.00$129.00$129.00$129.00$129.00
ATM IV15.2%12.9%24.1%17.1%24.1%
Expected Move4.3%3.7%6.9%4.9%6.9%
HV 20d13.0%11.1%14.7%14.6%14.0%
HV 60d18.3%17.9%19.2%19.2%18.8%
IV Rank22.9%10.7%70.9%33.0%70.9%
IV Percentile46.1%13.9%96.4%76.2%96.4%
Term Structure0.6%-1.3%2.5%-1.0%-1.2%
Skew 25d1.7%0.3%4.2%1.4%0.3%
Skew 10d2.4%1.9%3.1%2.9%1.9%
Call IV 25d12.9%10.7%25.4%14.6%25.4%
Put IV 25d14.6%12.0%25.6%16.1%25.6%
Bid-Ask Spread %133.44127.19150.67142.27139.06
Gamma HHI0.940.780.990.780.86
Net GEX1.6K1.4K1.7K1.4K1.6K
Net DEX-30.6K-34.3K-27.2K-27.2K-29.5K
Net VEX-90-104-80-104-85
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI55555

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$145.91$0.0017.1%4.9%14.6%33.0%0.0%1.4%-1.0%1.4K-27.2K-1040.00142.27N/AN/A0032
2025-02-04$146.57$0.0013.7%3.9%14.5%14.8%0.0%1.3%0.3%1.5K-28.8K-1000.00147.17N/AN/A0032
2025-02-05$146.88$0.0013.6%3.9%14.5%14.4%0.0%0.8%0.3%1.5K-29.4K-980.00150.67N/AN/A0032
2025-02-06$147.38$129.0013.2%4.0%14.5%11.9%0.0%1.4%1.2%1.6K-30.0K-950.00127.19N/AN/A0032
2025-02-07$146.57$129.0013.9%4.0%14.7%16.0%0.0%1.3%0.4%1.5K-29.2K-970.00128.48N/AN/A0032
2025-02-10$147.75$129.0014.2%3.8%13.4%17.8%0.0%1.6%1.7%1.6K-30.7K-920.00129.67N/AN/A0032
2025-02-11$148.33$129.0014.6%3.9%13.4%19.8%0.0%1.4%1.7%1.6K-31.4K-900.00130.01N/AN/A0032
2025-02-12$147.77$129.0014.0%4.0%13.3%16.7%0.0%1.3%1.6%1.7K-30.4K-930.00128.12N/AN/A0032
2025-02-13$148.88$129.0013.7%3.9%13.2%15.1%0.0%4.1%1.5%1.6K-32.3K-870.00131.31N/AN/A0032
2025-02-14$149.03$129.0013.2%3.8%13.0%12.3%0.0%1.3%1.6%1.5K-32.5K-860.00131.11N/AN/A0032
2025-02-18$150.78$129.0013.4%3.8%13.4%13.1%0.0%1.3%1.6%1.5K-34.3K-820.00130.87N/AN/A0032
2025-02-19$149.97$129.0012.9%3.7%11.3%10.7%0.0%1.4%1.7%1.5K-33.7K-800.00134.01N/AN/A0032
2025-02-20$149.66$129.0013.3%3.8%11.4%12.5%0.0%1.4%0.8%1.6K-33.0K-810.00132.81N/AN/A0032
2025-02-21$147.19$129.0014.7%4.2%12.2%20.4%0.0%1.7%2.5%1.6K-30.1K-880.00132.71N/AN/A0032
2025-02-24$146.67$129.0016.5%4.7%12.2%29.9%0.0%1.6%-1.1%1.6K-29.1K-910.00131.03N/AN/A0032
2025-02-25$147.34$129.0017.2%4.9%11.2%33.7%0.0%4.2%-1.3%1.6K-29.7K-880.00129.67N/AN/A0032
2025-02-26$147.81$129.0016.8%4.8%11.1%31.6%0.0%1.5%-0.7%1.6K-30.4K-870.00130.45N/AN/A0032
2025-02-27$147.31$129.0018.6%5.3%11.2%41.5%0.0%2.7%-1.0%1.6K-29.1K-880.00128.70N/AN/A0032
2025-02-28$143.64$129.0024.1%6.9%14.0%70.9%0.0%0.3%-1.2%1.6K-29.5K-850.00139.06N/AN/A0032