EXI Options History — May 2025

In May 2025, EXI traded between $149.61 and $162.31. ATM implied volatility averaged 19.3%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 7.8% (HV 20d: 27.1%). Max pain ranged from $143.00 to $143.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 15 of 21 days.

Notable Days

  • 2025-05-05: Largest IV spike — 38.3% change
  • 2025-05-12: Highest IV Rank — 30.9%
  • 2025-05-06: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$156.95$149.61$162.31$150.42$160.46
Max Pain$143.00$143.00$143.00$143.00$143.00
ATM IV19.3%15.4%27.2%20.1%17.4%
Expected Move5.0%4.3%5.8%5.8%5.0%
HV 20d27.1%16.1%44.2%44.2%16.1%
HV 60d33.8%32.8%34.1%33.4%32.8%
IV Rank15.4%8.1%30.9%17.4%10.7%
IV Percentile67.1%41.7%94.8%81.0%59.9%
Term Structure0.4%-0.7%1.9%0.0%-0.7%
Skew 25d2.4%-1.1%5.1%2.9%0.8%
Skew 10d4.6%1.7%7.5%7.2%3.5%
Call IV 25d14.7%12.0%19.2%19.1%14.7%
Put IV 25d17.1%13.7%22.1%22.1%15.5%
Bid-Ask Spread %121.86113.03133.48133.48123.46
Gamma HHI1.001.001.001.001.00
Net GEX84202.0K1.8K0
Net DEX-43.6K-48.7K-33.4K-33.6K-48.1K
Net VEX-17-520-520
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI33333

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-05-01$150.42$0.0020.1%5.8%44.2%17.4%0.0%2.9%0.0%1.8K-33.6K-520.00133.48N/AN/A0030
2025-05-02$152.26$0.0019.3%5.5%41.6%15.9%0.0%2.1%-0.4%1.6K-36.3K-490.00131.90N/AN/A0030
2025-05-05$149.61$143.0026.7%5.7%39.1%30.0%0.0%-1.1%0.1%2.0K-33.4K-500.00119.23N/AN/A0030
2025-05-06$151.25$143.0023.3%5.8%34.1%23.5%0.0%2.5%0.4%1.8K-35.0K-470.00118.91N/AN/A0030
2025-05-07$151.94$143.0022.6%5.8%34.1%22.1%0.0%3.0%-0.1%1.7K-35.7K-460.00118.80N/AN/A0030
2025-05-08$153.30$143.0019.4%5.5%28.8%16.0%0.0%3.0%0.4%1.6K-39.2K-350.00113.03N/AN/A0030
2025-05-09$152.62$143.0023.0%5.5%28.8%23.0%0.0%1.9%0.6%1.7K-38.2K-380.00121.50N/AN/A0030
2025-05-12$155.62$143.0027.2%4.5%29.2%30.9%0.0%1.5%1.3%1.2K-43.7K-180.00131.01N/AN/A0030
2025-05-13$157.94$143.0022.7%4.3%28.0%22.3%0.0%-0.7%1.8%777-46.6K-60.00119.72N/AN/A0030
2025-05-14$157.29$143.0015.8%4.5%28.2%9.1%0.0%2.3%1.9%973-45.3K-120.00120.30N/AN/A0030
2025-05-15$158.66$143.0015.7%4.5%27.2%8.9%0.0%2.2%0.3%774-46.8K-60.00119.81N/AN/A0030
2025-05-16$159.94$143.0015.4%4.4%26.6%8.3%0.0%1.4%0.9%292-47.9K00.00119.39N/AN/A0030
2025-05-19$160.55$143.0015.7%4.5%22.6%9.0%0.0%4.8%0.1%0-48.2K00.00120.44N/AN/A0030
2025-05-20$161.67$143.0015.5%4.4%22.2%8.6%0.0%3.9%0.7%0-48.5K00.00119.05N/AN/A0030
2025-05-21$159.45$143.0018.5%5.3%23.0%14.3%0.0%2.7%-0.2%665-47.5K-30.00119.55N/AN/A0030
2025-05-22$159.26$143.0018.2%5.2%20.5%13.3%0.0%3.9%-0.3%568-47.6K-10.00120.01N/AN/A0030
2025-05-23$159.17$143.0018.9%5.4%19.4%14.7%0.0%5.1%-0.5%161-47.8K00.00119.75N/AN/A0030
2025-05-27$162.31$143.0016.2%4.6%20.0%8.9%0.0%3.1%0.5%0-48.7K00.00121.98N/AN/A0030
2025-05-28$161.16$143.0016.1%4.6%17.8%8.1%0.0%2.4%0.4%0-48.3K00.00123.75N/AN/A0030
2025-05-29$161.07$143.0016.7%4.8%17.7%9.3%0.0%2.5%0.1%0-48.3K00.00124.09N/AN/A0030
2025-05-30$160.46$143.0017.4%5.0%16.1%10.7%0.0%0.8%-0.7%0-48.1K00.00123.46N/AN/A0030