EXI Options History — January 2026

In January 2026, EXI traded between $177.43 and $187.73. ATM implied volatility averaged 15.6%, placing in the 8.0% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 1.7% (HV 20d: 13.9%). Max pain ranged from $185.00 to $185.00. Net GEX was positive for 18 of 20 trading days. Term structure was in contango for 17 of 20 days.

Notable Days

  • 2026-01-14: Largest IV drop — 33.4% change
  • 2026-01-13: Highest IV Rank — 21.6%
  • 2026-01-20: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$184.53$177.43$187.73$177.43$186.72
Max Pain$185.00$185.00$185.00$185.00$185.00
ATM IV15.6%12.4%22.6%12.4%17.0%
Expected Move4.3%3.6%5.2%3.6%4.9%
HV 20d13.9%11.2%14.7%12.4%14.2%
HV 60d13.4%12.9%13.8%12.9%13.6%
IV Rank8.0%1.9%21.6%1.9%10.7%
IV Percentile41.1%2.4%88.9%2.4%64.3%
Term Structure0.9%-2.4%2.6%1.9%-2.4%
Skew 25d2.2%-1.2%5.6%0.7%4.5%
Skew 10d2.8%0.1%4.8%1.4%4.7%
Call IV 25d12.5%11.2%14.3%11.8%12.1%
Put IV 25d14.7%12.0%18.2%12.5%16.5%
Bid-Ask Spread %121.74108.83138.69138.69130.28
Gamma HHI1.001.001.001.001.00
Net GEX1.1K01.9K1.1K1.7K
Net DEX-9.9K-13.3K0-6.6K-12.2K
Net VEX-23-330-30-16
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI0.90111

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$177.43$0.0012.4%3.6%12.4%1.9%0.0%0.7%1.9%1.1K-6.6K-300.00138.69N/AN/A0010
2026-01-05$180.90$0.0013.6%4.0%13.8%4.2%0.0%1.5%1.0%1.1K-9.4K-330.00114.49N/AN/A0010
2026-01-06$182.63$0.0013.2%4.1%14.1%3.4%0.0%3.4%0.9%1.1K-10.3K-320.00112.70N/AN/A0010
2026-01-07$180.84$0.0015.3%4.5%14.7%7.4%0.0%0.6%-0.0%1.0K-9.5K-320.00108.83N/AN/A0010
2026-01-08$181.09$0.0016.3%4.3%14.6%9.3%0.0%4.7%0.9%1.0K-9.7K-320.00116.33N/AN/A0010
2026-01-09$183.26$0.0014.9%4.1%14.3%6.7%0.0%4.0%1.1%1.1K-10.9K-310.00118.42N/AN/A0010
2026-01-12$184.94$0.0017.8%3.8%14.3%12.2%0.0%2.3%2.4%1.1K-11.8K-300.00122.59N/AN/A0010
2026-01-13$184.19$0.0022.6%4.4%14.2%21.6%0.0%-0.5%0.5%1.0K-11.7K-300.00117.17N/AN/A0010
2026-01-14$184.81$0.0015.1%4.3%14.2%7.0%0.0%4.2%2.1%976-11.4K-290.00125.17N/AN/A0010
2026-01-15$185.76$0.0014.7%4.2%13.3%6.2%0.0%-1.2%0.6%995-12.7K-270.00117.78N/AN/A0010
2026-01-16$187.62$0.0014.1%4.1%11.2%5.2%0.0%0.6%2.5%957-13.3K-270.00121.75N/AN/A0010
2026-01-20$184.23$0.0018.1%5.2%13.5%12.8%0.0%5.6%0.1%947-11.1K-290.00113.99N/AN/A0010
2026-01-21$186.42$0.0015.7%4.5%13.8%8.2%0.0%-0.0%2.6%0000.00118.36N/AN/A0000
2026-01-22$186.80$0.0015.0%4.3%13.8%7.0%0.0%3.5%1.2%0000.00122.88N/AN/A0000
2026-01-23$185.57$185.0015.8%4.5%14.2%8.4%0.0%1.3%0.3%1.6K-10.7K-200.00123.72N/AN/A0010
2026-01-26$185.81$185.0015.2%4.3%14.2%7.2%0.0%0.9%0.9%1.8K-11.1K-190.00127.24N/AN/A0010
2026-01-27$187.13$185.0014.7%4.2%14.2%6.4%0.0%0.3%1.0%1.7K-12.8K-170.00127.38N/AN/A0010
2026-01-28$186.72$185.0015.4%4.4%14.3%7.7%0.0%2.4%-0.1%1.9K-11.2K-180.00129.30N/AN/A0010
2026-01-29$187.73$185.0015.2%4.4%14.3%7.2%0.0%4.9%0.8%1.7K-12.6K-170.00127.65N/AN/A0010
2026-01-30$186.72$185.0017.0%4.9%14.2%10.7%0.0%4.5%-2.4%1.7K-12.2K-160.00130.28N/AN/A0010