EXI Options History — December 2025

In December 2025, EXI traded between $170.45 and $177.46. ATM implied volatility averaged 13.8%, placing in the 2.7% IV rank vs the trailing year. The 30-day expected move averaged 3.9%. IV traded above realized volatility by 0.4% (HV 20d: 13.4%). Net GEX was positive for 2 of 22 trading days. Term structure was in contango for 20 of 22 days.

Notable Days

  • 2025-12-08: Largest IV spike — 15.5% change
  • 2025-12-01: Highest IV Rank — 8.1%
  • 2025-12-01: Largest Expected Move — 4.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$174.90$170.45$177.46$170.45$175.42
ATM IV13.8%11.4%16.8%16.8%11.7%
Expected Move3.9%3.3%4.8%4.8%3.4%
HV 20d13.4%11.8%14.5%14.3%12.0%
HV 60d12.7%12.0%13.2%12.6%12.8%
IV Rank2.7%0.0%8.1%8.1%0.5%
IV Percentile17.9%0.0%57.5%57.5%1.2%
Term Structure1.4%-1.3%2.8%-1.3%2.4%
Skew 25d1.0%-0.4%3.5%0.2%1.3%
Skew 10d2.3%0.4%3.9%0.8%2.1%
Call IV 25d12.0%10.5%14.8%14.8%11.8%
Put IV 25d12.9%11.3%15.4%15.0%13.0%
Bid-Ask Spread %134.13124.83147.22124.95147.22
Gamma HHI1.001.001.001.001.00
Net GEX9801.1K01.1K
Net DEX-528-6.4K00-5.2K
Net VEX-3-3200-28
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI0.0910101

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-12-01$170.45$0.0016.8%4.8%14.3%8.1%0.0%0.2%-1.3%0000.00124.95N/AN/A0000
2025-12-02$171.42$0.0015.7%4.5%14.5%6.0%0.0%0.4%-0.4%0000.00124.83N/AN/A0000
2025-12-03$172.70$0.0013.6%3.9%13.7%1.8%0.0%0.9%1.2%0000.00125.16N/AN/A0000
2025-12-04$173.88$0.0014.8%4.1%13.7%4.2%0.0%-0.2%1.7%0000.00128.35N/AN/A0000
2025-12-05$173.95$0.0014.1%4.0%13.7%2.9%0.0%1.6%1.6%0000.00129.25N/AN/A0000
2025-12-08$173.95$0.0016.3%4.2%13.7%7.2%0.0%1.4%1.2%0000.00129.94N/AN/A0000
2025-12-09$173.38$0.0016.2%4.4%12.8%6.9%0.0%1.7%1.3%0000.00129.39N/AN/A0000
2025-12-10$175.95$0.0014.2%4.1%13.9%3.0%0.0%3.5%1.3%0000.00131.98N/AN/A0000
2025-12-11$177.46$0.0013.5%3.9%14.2%1.7%0.0%0.2%1.7%0000.00131.82N/AN/A0000
2025-12-12$176.32$0.0013.7%3.9%13.0%2.0%0.0%1.4%1.6%0000.00133.47N/AN/A0000
2025-12-15$177.06$0.0014.5%4.2%13.0%3.6%0.0%0.9%1.4%0000.00132.94N/AN/A0000
2025-12-16$175.16$0.0014.4%4.1%12.9%3.4%0.0%0.5%1.7%0000.00128.81N/AN/A0000
2025-12-17$172.16$0.0015.3%4.4%14.1%4.6%0.0%0.4%1.0%0000.00130.90N/AN/A0000
2025-12-18$173.92$0.0014.6%4.2%14.3%3.4%0.0%0.5%0.9%0000.00131.22N/AN/A0000
2025-12-19$175.07$0.0012.9%3.7%13.8%0.0%0.0%-0.4%1.8%0000.00136.34N/AN/A0000
2025-12-22$176.19$0.0012.9%3.7%13.8%0.0%0.0%0.8%0.0%0000.00138.62N/AN/A0000
2025-12-23$176.61$0.0011.8%3.4%13.8%0.0%0.0%1.3%2.0%0000.00140.33N/AN/A0000
2025-12-24$176.94$0.0011.6%3.3%12.8%0.0%0.0%1.1%2.2%0000.00141.69N/AN/A0000
2025-12-26$176.72$0.0011.4%3.3%12.4%0.0%0.0%1.1%2.8%0000.00143.10N/AN/A0000
2025-12-29$176.55$0.0011.8%3.4%12.4%0.7%0.0%1.1%2.0%0000.00144.08N/AN/A0000
2025-12-30$176.55$0.0011.7%3.3%11.8%0.5%0.0%1.3%1.7%1.1K-6.4K-320.00146.42N/AN/A0010
2025-12-31$175.42$0.0011.7%3.4%12.0%0.5%0.0%1.3%2.4%1.1K-5.2K-280.00147.22N/AN/A0010