EXI Options History — July 2025

In July 2025, EXI traded between $164.22 and $171.25. ATM implied volatility averaged 14.8%, placing in the 4.2% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 2.8% (HV 20d: 12.0%). Max pain ranged from $172.00 to $172.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 13 of 22 days.

Notable Days

  • 2025-07-25: Highest Volume — 2 contracts
  • 2025-07-29: Largest IV spike — 9.8% change
  • 2025-07-22: Highest IV Rank — 5.6%
  • 2025-07-07: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$167.12$164.22$171.25$165.08$167.91
Max Pain$172.00$172.00$172.00$172.00$172.00
ATM IV14.8%13.7%15.5%14.3%14.9%
Expected Move4.3%3.9%4.5%4.1%4.3%
HV 20d12.0%11.0%12.6%12.0%11.8%
HV 60d17.7%12.6%26.2%26.2%12.6%
IV Rank4.2%2.1%5.6%3.4%4.4%
IV Percentile26.3%10.7%36.1%19.4%29.0%
Term Structure0.1%-0.5%1.2%1.2%0.3%
VWIV10.7%9.7%11.7%9.7%11.7%
Skew 25d3.1%1.0%6.9%2.4%2.1%
Skew 10d4.6%1.8%8.4%4.4%3.9%
Call IV 25d11.7%10.4%13.3%12.3%13.0%
Put IV 25d14.8%13.1%17.3%14.7%15.1%
Bid-Ask Spread %130.62116.01145.76144.51143.09
Gamma HHI1.001.001.001.001.00
Net GEX-669-2.3K00-1.2K
Net DEX4.6K013.8K012.0K
Net VEX-7-2300-21
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.1360200
Total OI0.4090101

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$165.08$0.0014.3%4.1%12.0%3.4%0.0%2.4%1.2%0000.00144.51N/AN/A0000
2025-07-02$164.22$0.0014.8%4.2%12.1%4.5%0.0%1.9%0.1%0000.00145.76N/AN/A0000
2025-07-03$165.26$0.0014.5%4.3%12.1%3.6%0.0%3.1%0.4%0000.00116.01N/AN/A0000
2025-07-07$164.51$0.0014.6%4.5%12.2%3.8%0.0%6.2%0.3%0000.00117.70N/AN/A0000
2025-07-08$165.66$0.0014.2%4.3%12.1%3.1%0.0%6.0%0.4%0000.00119.00N/AN/A0000
2025-07-09$166.14$0.0014.9%4.3%12.1%4.5%0.0%3.4%0.4%0000.00121.05N/AN/A0000
2025-07-10$167.30$0.0014.8%4.2%11.9%4.1%0.0%1.8%0.5%0000.00121.55N/AN/A0000
2025-07-11$166.00$0.0014.7%4.2%12.1%4.0%0.0%3.6%0.1%0000.00126.69N/AN/A0000
2025-07-14$166.51$0.0014.9%4.3%12.1%4.5%0.0%5.1%-0.5%0000.00125.88N/AN/A0000
2025-07-15$165.51$0.0015.5%4.4%12.3%5.5%0.0%2.7%-0.4%0000.00127.89N/AN/A0000
2025-07-16$165.72$0.0015.5%4.4%11.8%5.6%0.0%2.9%-0.1%0000.00128.62N/AN/A0000
2025-07-17$167.03$0.0015.3%4.4%11.9%5.2%0.0%1.0%-0.5%0000.00126.77N/AN/A0000
2025-07-18$167.00$0.0015.0%4.3%11.9%4.6%9.7%2.6%0.1%0000.00127.17N/AN/A0100
2025-07-21$167.30$172.0015.2%4.4%11.0%5.0%0.0%2.9%-0.2%-1.6K13.8K-110.00131.57N/AN/A0001
2025-07-22$167.49$172.0015.5%4.4%11.0%5.6%0.0%6.9%-0.4%-1.7K12.9K-130.00130.96N/AN/A0001
2025-07-23$171.25$172.0014.3%4.1%12.6%3.2%0.0%4.7%-0.2%-2.3K9.4K-170.00127.44N/AN/A0001
2025-07-24$170.95$172.0014.4%4.1%12.3%3.3%0.0%2.2%0.1%-2.3K9.6K-160.00132.72N/AN/A0001
2025-07-25$171.20$172.0014.0%4.0%11.7%2.6%11.7%1.9%-0.1%-2.1K8.7K-160.00136.03N/AN/A0201
2025-07-28$169.09$0.0013.7%3.9%12.2%2.1%0.0%1.8%0.7%-1.4K11.1K-230.00139.42N/AN/A0001
2025-07-29$168.31$0.0015.1%4.3%11.9%4.7%0.0%1.7%-0.3%-1.2K11.9K-230.00140.87N/AN/A0001
2025-07-30$167.22$0.0015.1%4.3%11.9%4.8%0.0%2.2%0.0%-1.1K12.5K-200.00142.91N/AN/A0001
2025-07-31$167.91$0.0014.9%4.3%11.8%4.4%0.0%2.1%0.3%-1.2K12.0K-210.00143.09N/AN/A0001