EXI Options History — March 2025

In March 2025, EXI traded between $143.75 and $152.81. ATM implied volatility averaged 19.1%, placing in the 43.7% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 10.1% (HV 20d: 29.2%). Max pain ranged from $129.00 to $143.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days.

Notable Days

  • 2025-03-04: Highest Volume — 1 contracts
  • 2025-03-10: Largest IV spike — 49.8% change
  • 2025-03-10: Highest IV Rank — 90.7%
  • 2025-03-14: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$148.74$143.75$152.81$148.08$148.16
Max Pain$140.23$129.00$143.00$129.00$143.00
ATM IV19.1%14.9%27.8%20.3%17.0%
Expected Move5.8%4.3%8.9%5.8%4.9%
HV 20d29.2%18.0%35.6%18.0%34.5%
HV 60d20.7%18.1%23.5%19.8%23.5%
IV Rank43.7%21.1%90.7%50.4%32.3%
IV Percentile80.4%43.7%99.2%90.9%68.3%
Term Structure-0.0%-3.5%5.5%-1.5%0.9%
VWIV22.4%22.4%22.4%22.4%22.4%
Skew 25d4.7%-1.0%9.1%-1.0%1.4%
Skew 10d6.1%0.8%10.1%4.7%4.7%
Call IV 25d14.9%10.8%19.8%19.8%16.9%
Put IV 25d19.6%14.9%24.8%18.8%18.3%
Bid-Ask Spread %114.1289.51139.12127.65108.78
Gamma HHI0.770.421.000.921.00
Net GEX1.4K2912.6K1.5K2.5K
Net DEX-30.2K-36.7K-21.7K-30.5K-29.3K
Net VEX-78-94-53-85-71
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.0480100
Total OI5.0483653

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$148.08$129.0020.3%5.8%18.0%50.4%0.0%-1.0%-1.5%1.5K-30.5K-850.00127.65N/AN/A0032
2025-03-04$144.78$129.0019.7%5.6%19.2%46.9%22.4%6.0%-1.6%1.7K-28.9K-850.00129.59N/AN/A0132
2025-03-05$146.99$142.0019.3%5.5%19.9%44.7%0.0%6.3%0.8%974-30.1K-840.00127.40N/AN/A0033
2025-03-06$151.66$142.0020.3%5.8%22.8%50.6%0.0%3.5%-1.5%1.2K-30.8K-860.00125.30N/AN/A0033
2025-03-07$152.76$142.0018.6%5.3%22.9%41.0%0.0%3.8%-0.8%1.9K-34.7K-710.00127.57N/AN/A0033
2025-03-10$147.11$142.0027.8%8.0%26.8%90.7%0.0%6.2%-3.5%481-25.0K-940.00127.09N/AN/A0033
2025-03-11$146.41$142.0023.0%8.1%26.7%64.8%0.0%5.8%-3.0%441-23.9K-940.00128.92N/AN/A0033
2025-03-12$143.75$142.0019.3%7.8%27.3%45.0%0.0%9.1%2.7%674-26.7K-860.00135.34N/AN/A0033
2025-03-13$145.31$142.0020.6%7.2%27.7%52.1%0.0%5.2%-2.1%291-22.6K-940.00136.52N/AN/A0033
2025-03-14$144.81$142.0017.8%8.9%27.5%36.8%0.0%7.3%2.1%426-21.7K-920.00139.12N/AN/A0033
2025-03-17$152.81$143.0016.8%4.8%33.8%31.7%0.0%7.6%0.3%1.5K-35.3K-650.0092.34N/AN/A0033
2025-03-18$152.13$143.0017.5%5.0%33.6%35.4%0.0%7.6%-0.1%1.4K-32.6K-700.0089.51N/AN/A0033
2025-03-19$151.26$143.0018.3%5.3%33.6%39.9%0.0%6.2%1.5%1.5K-33.7K-700.0095.55N/AN/A0033
2025-03-20$150.11$0.0018.1%5.3%33.7%38.4%0.0%6.2%0.7%1.3K-33.0K-720.0094.42N/AN/A0033
2025-03-21$148.18$0.0017.8%5.1%33.5%37.1%0.0%2.7%0.1%1.1K-30.2K-780.0095.05N/AN/A0033
2025-03-24$149.94$0.0017.1%4.8%33.7%33.4%0.0%1.9%-0.6%1.7K-33.2K-710.00102.37N/AN/A0030
2025-03-25$150.33$0.0017.1%4.7%33.7%32.9%0.0%1.5%-0.7%1.6K-33.9K-690.00106.34N/AN/A0030
2025-03-26$152.12$0.0018.9%4.3%33.9%42.5%0.0%7.4%5.5%2.6K-36.7K-530.00103.37N/AN/A0030
2025-03-27$151.29$0.0014.9%4.6%33.9%21.1%0.0%2.6%2.0%2.3K-34.8K-610.00103.07N/AN/A0030
2025-03-28$145.58$0.0020.4%5.3%35.6%51.0%0.0%0.3%-1.7%1.8K-27.4K-790.00101.25N/AN/A0030
2025-03-31$148.16$0.0017.0%4.9%34.5%32.3%0.0%1.4%0.9%2.5K-29.3K-710.00108.78N/AN/A0030