EXI Options History — April 2025

In April 2025, EXI traded between $129.25 and $148.62. ATM implied volatility averaged 31.1%, placing in the 46.9% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded below realized volatility by 9.4% (HV 20d: 40.5%). Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days.

Notable Days

  • 2025-04-04: Highest Volume — 1 contracts
  • 2025-04-04: Largest IV spike — 46.8% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-09: Largest Expected Move — 12.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$141.24$129.25$148.62$146.00$146.59
ATM IV31.1%19.5%63.4%22.2%22.4%
Expected Move8.1%5.2%12.4%5.6%6.4%
HV 20d40.5%33.5%45.0%33.9%43.3%
HV 60d29.8%23.6%33.0%23.7%33.0%
IV Rank46.9%16.2%100.0%60.7%21.7%
IV Percentile94.2%79.8%100.0%93.3%86.9%
Term Structure-2.9%-14.7%0.9%-2.5%0.6%
Skew 25d7.3%1.1%22.6%5.2%3.2%
Skew 10d8.3%1.1%19.8%1.1%7.3%
Call IV 25d20.9%12.7%27.7%17.1%20.8%
Put IV 25d28.2%18.8%47.7%22.3%24.0%
Bid-Ask Spread %121.1599.67143.63103.37133.02
Gamma HHI0.770.501.001.001.00
Net GEX1.2K712.3K1.9K1.9K
Net DEX-15.9K-29.6K2.6K-27.3K-28.0K
Net VEX-69-87-55-77-62
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.0480100
Total OI3.5243433

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$146.00$0.0022.2%5.6%33.9%60.7%0.0%5.2%-2.5%1.9K-27.3K-770.00103.37N/AN/A0030
2025-04-02$146.64$0.0020.1%5.2%33.5%49.1%0.0%6.1%0.9%1.9K-28.5K-760.00113.91N/AN/A0030
2025-04-03$140.92$0.0028.2%6.8%34.1%93.1%0.0%6.2%-0.4%745-10.3K-870.00124.41N/AN/A0031
2025-04-04$135.39$0.0041.5%9.0%36.2%100.0%0.0%11.4%-3.8%795-2.1K-720.00117.20N/AN/A0131
2025-04-07$129.25$0.0060.2%11.7%37.3%100.0%0.0%13.5%-6.5%6411.8K-590.00121.30N/AN/A0031
2025-04-08$129.92$0.0063.4%12.3%37.5%100.0%0.0%22.6%-5.6%6042.6K-550.0099.67N/AN/A0031
2025-04-09$137.52$0.0043.3%12.4%43.3%61.6%0.0%3.4%-7.6%768-9.8K-800.00143.63N/AN/A0031
2025-04-10$136.87$0.0036.4%10.4%43.0%48.5%0.0%17.6%-5.1%693-4.3K-740.00103.59N/AN/A0031
2025-04-11$137.52$0.0036.1%10.4%43.1%48.0%0.0%10.9%-4.5%609-5.9K-740.00102.11N/AN/A0031
2025-04-14$141.79$0.0028.4%8.1%39.8%33.2%0.0%5.0%-1.6%363-11.1K-770.00117.46N/AN/A0031
2025-04-15$142.43$0.0024.5%7.0%39.9%25.8%0.0%5.1%0.8%258-12.7K-760.00124.84N/AN/A0031
2025-04-16$140.32$0.0026.8%7.7%40.1%30.1%0.0%2.3%-0.9%645-9.5K-730.00123.67N/AN/A0031
2025-04-17$143.31$0.0025.7%7.4%41.0%28.1%0.0%8.8%-1.7%71-12.2K-710.00123.60N/AN/A0031
2025-04-21$138.74$0.0029.3%8.4%42.2%34.9%0.0%8.2%-0.4%1.7K-19.0K-660.00122.28N/AN/A0030
2025-04-22$141.38$0.0027.5%7.9%42.6%31.5%0.0%3.4%-3.3%1.7K-20.3K-670.00126.34N/AN/A0030
2025-04-23$143.75$0.0026.2%7.5%43.2%29.1%0.0%4.8%-1.9%1.8K-23.2K-680.00131.50N/AN/A0030
2025-04-24$148.62$0.0019.5%5.6%44.7%16.2%0.0%7.8%-0.2%2.3K-29.6K-600.00117.13N/AN/A0030
2025-04-25$146.39$0.0022.8%6.5%45.0%22.4%0.0%2.3%-0.9%1.8K-27.4K-650.00130.58N/AN/A0030
2025-04-28$148.00$0.0022.4%6.4%43.0%21.8%0.0%4.7%-1.2%1.9K-29.4K-600.00131.56N/AN/A0030
2025-04-29$144.68$0.0026.3%7.5%43.3%29.1%0.0%1.1%-14.7%1.8K-28.6K-590.00132.94N/AN/A0030
2025-04-30$146.59$0.0022.4%6.4%43.3%21.7%0.0%3.2%0.6%1.9K-28.0K-620.00133.02N/AN/A0030