FEX Options History — March 2019

In March 2019, FEX traded between $57.86 and $59.77. ATM implied volatility averaged 14.1%, placing in the 22.0% IV rank vs the trailing year. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 4.1% (HV 20d: 10.0%). Max pain ranged from $55.00 to $61.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 13 of 21 days.

Notable Days

  • 2019-03-21: Highest Volume — 11 contracts
  • 2019-03-12: Largest IV drop — 47.5% change
  • 2019-03-11: Highest IV Rank — 48.7%
  • 2019-03-08: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.05$57.86$59.77$59.62$59.56
Max Pain$58.29$55.00$61.00$55.00$61.00
ATM IV14.1%10.9%21.2%13.0%14.5%
Expected Move4.2%3.3%5.4%3.7%4.2%
HV 20d10.0%7.0%12.1%7.0%12.1%
HV 60d15.5%12.3%18.3%18.3%12.3%
IV Rank22.0%9.8%48.7%17.7%23.2%
IV Percentile42.4%19.0%84.5%31.3%47.2%
Term Structure1.0%-1.7%4.5%-1.7%-1.0%
VWIV10.6%9.8%11.5%9.8%11.5%
Skew 25d3.2%0.8%10.2%1.8%7.0%
Skew 10d3.1%0.8%10.2%2.1%0.8%
Call IV 25d12.1%10.4%14.7%14.7%11.5%
Put IV 25d15.3%12.7%22.4%16.5%18.4%
Bid-Ask Spread %114.0899.12122.32120.51112.02
Gamma HHI0.800.511.000.760.74
Net GEX-430-4.2K1.1K767-4.2K
Net DEX4.1K-10.7K40.7K-10.0K33.5K
Net VEX-60-119-35-40-119
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume1.04801100
Total OI7.714314614

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-03-01$59.62$55.0013.0%3.7%7.0%17.7%0.0%1.8%-1.7%767-10.0K-400.00120.51N/AN/A0033
2019-03-04$59.14$55.0013.7%3.9%7.9%20.3%0.0%2.1%-1.0%758-9.7K-390.00118.92N/AN/A0033
2019-03-05$59.18$55.0015.3%4.4%7.8%26.4%0.0%3.9%1.0%701-9.2K-390.00122.29N/AN/A0033
2019-03-06$58.64$55.0015.6%4.5%8.6%27.4%0.0%3.5%2.3%798-8.9K-380.00118.87N/AN/A0033
2019-03-07$58.11$55.0017.8%5.1%9.3%35.9%0.0%4.6%-0.3%359-7.4K-390.00120.45N/AN/A0033
2019-03-08$57.86$55.0018.7%5.4%9.2%39.2%0.0%10.2%-0.7%218-5.9K-390.00122.32N/AN/A0033
2019-03-11$58.74$59.0021.2%4.2%10.5%48.7%0.0%7.5%0.3%727-8.2K-370.0099.12N/AN/A0033
2019-03-12$58.97$59.0011.2%4.1%10.5%10.8%0.0%2.0%2.3%862-9.1K-370.00109.01N/AN/A0033
2019-03-13$59.32$59.0010.9%3.8%9.8%9.8%0.0%2.3%2.6%959-9.7K-370.00118.19N/AN/A0033
2019-03-14$59.19$59.0011.6%4.3%9.8%12.5%0.0%2.1%4.5%887-9.7K-370.00118.91N/AN/A0033
2019-03-15$59.34$59.0011.4%4.1%9.8%11.7%0.0%1.4%3.3%953-10.3K-360.00120.14N/AN/A0033
2019-03-18$59.67$0.0011.3%3.3%9.6%11.2%0.0%1.9%0.8%1.0K-10.3K-360.00120.75N/AN/A0030
2019-03-19$59.47$0.0011.5%4.3%9.5%12.2%0.0%0.9%3.2%1.0K-10.7K-350.00106.53N/AN/A0030
2019-03-20$59.22$0.0012.6%4.0%9.6%16.4%0.0%0.8%-0.3%980-10.1K-350.00112.98N/AN/A0030
2019-03-21$59.77$0.0011.8%3.4%10.0%13.0%9.8%2.7%3.1%1.1K-10.0K-350.00111.96N/AN/A01130
2019-03-22$58.66$61.0014.3%3.5%11.9%22.6%11.5%1.8%-1.5%-3.2K40.7K-1120.00113.22N/AN/A011311
2019-03-25$58.66$61.0015.0%4.9%11.9%25.1%0.0%2.6%1.7%-3.0K39.4K-1130.00106.14N/AN/A00311
2019-03-26$58.85$61.0013.7%4.6%12.0%20.3%0.0%1.4%2.0%-3.5K37.3K-1150.00108.44N/AN/A00311
2019-03-27$58.99$61.0014.9%4.6%12.0%24.8%0.0%1.3%1.2%-3.6K37.2K-1180.00107.14N/AN/A00311
2019-03-28$59.16$61.0017.0%4.7%12.1%32.7%0.0%6.2%-0.1%-3.6K37.1K-1150.00107.74N/AN/A00311
2019-03-29$59.56$61.0014.5%4.2%12.1%23.2%0.0%7.0%-1.0%-4.2K33.5K-1190.00112.02N/AN/A00311