FEX Options History — September 2019

In September 2019, FEX traded between $59.34 and $62.09. ATM implied volatility averaged 20.7%, placing in the 25.6% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 5.1% (HV 20d: 15.7%). Max pain ranged from $58.00 to $60.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days.

Notable Days

  • 2019-09-19: Highest Volume — 3 contracts
  • 2019-09-11: Largest IV spike — 220.1% change
  • 2019-09-11: Highest IV Rank — 100.0%
  • 2019-09-12: Largest Expected Move — 18.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$61.27$59.34$62.09$59.34$61.00
Max Pain$58.10$58.00$60.00$58.00$58.00
ATM IV20.7%12.8%64.9%18.9%14.3%
Expected Move6.6%3.7%18.6%5.4%4.1%
HV 20d15.7%9.6%22.5%21.6%10.5%
HV 60d16.0%15.7%16.2%15.7%16.0%
IV Rank25.6%4.1%100.0%37.0%6.9%
IV Percentile50.7%18.3%100.0%71.4%29.8%
Term Structure-1.9%-51.2%21.1%1.8%14.2%
VWIV15.0%14.3%15.7%15.7%14.3%
Skew 25d4.0%1.1%12.9%3.9%4.4%
Skew 10d5.0%0.9%31.0%5.0%3.7%
Call IV 25d24.7%10.6%87.6%14.3%11.4%
Put IV 25d28.7%14.5%91.4%18.2%15.8%
Bid-Ask Spread %132.76117.68167.79117.85122.64
Gamma HHI0.310.220.420.340.40
Net GEX15.0K4.9K22.7K6.3K21.1K
Net DEX-214.8K-258.5K-107.8K-107.8K-220.1K
Net VEX-344-546-223-546-229
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.250310
Total OI73.3552858153

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-09-03$59.34$58.0018.9%5.4%21.6%37.0%15.7%3.9%1.8%6.3K-107.8K-5460.00117.85N/AN/A015823
2019-09-04$60.01$60.0018.1%5.2%21.8%34.0%0.0%1.9%0.0%6.8K-140.4K-5090.00120.13N/AN/A005824
2019-09-05$61.02$58.0014.4%8.6%22.5%19.6%0.0%1.1%-13.8%6.6K-181.0K-4820.00145.41N/AN/A005824
2019-09-06$61.03$58.0015.2%8.7%21.5%22.6%0.0%1.2%-14.6%6.2K-180.4K-4820.00145.00N/AN/A005824
2019-09-09$61.18$58.0024.5%6.1%21.4%59.2%0.0%12.9%-2.9%12.1K-211.4K-4320.00128.83N/AN/A005824
2019-09-10$61.28$58.0020.0%11.4%20.1%41.7%0.0%1.8%2.0%15.2K-220.7K-3970.00161.40N/AN/A005824
2019-09-11$61.65$58.0064.1%18.4%19.7%100.0%0.0%2.1%-51.2%13.4K-226.0K-3900.00163.06N/AN/A005824
2019-09-12$61.93$58.0064.9%18.6%15.5%100.0%0.0%3.8%-51.0%4.9K-197.1K-4400.00167.79N/AN/A005824
2019-09-13$61.98$58.0013.9%4.0%15.4%7.9%0.0%3.9%1.3%15.7K-246.1K-3360.00127.71N/AN/A005824
2019-09-16$62.00$58.0014.7%4.2%14.8%9.4%0.0%4.3%0.9%17.4K-256.6K-2870.00128.09N/AN/A005824
2019-09-17$62.09$58.0014.7%4.2%14.2%8.9%0.0%5.4%1.3%16.6K-258.5K-2840.00131.77N/AN/A005824
2019-09-18$61.96$58.0015.0%4.3%14.0%9.4%0.0%5.1%-0.1%15.7K-253.0K-2870.00130.61N/AN/A005824
2019-09-19$61.89$58.0014.3%4.1%13.9%8.2%0.0%2.7%0.5%17.8K-255.2K-2590.00129.64N/AN/A035824
2019-09-20$61.62$58.0015.7%4.5%14.1%10.6%0.0%4.0%-0.4%19.5K-231.9K-2780.00130.50N/AN/A005827
2019-09-23$61.73$58.0014.5%4.2%9.6%7.8%14.3%4.4%21.1%17.9K-247.1K-2230.00127.02N/AN/A01511
2019-09-24$61.00$58.0015.7%4.5%10.9%9.9%0.0%4.2%11.6%21.5K-213.3K-2660.00120.96N/AN/A00512
2019-09-25$61.19$58.0014.4%4.1%10.8%7.6%0.0%4.0%12.5%21.4K-225.1K-2430.00121.00N/AN/A00512
2019-09-26$61.03$58.0014.6%4.2%10.8%8.0%0.0%6.3%12.5%20.7K-219.3K-2530.00118.08N/AN/A00512
2019-09-27$60.51$58.0012.8%3.7%10.2%4.1%0.0%3.6%16.1%22.7K-204.4K-2610.00117.68N/AN/A00512
2019-09-30$61.00$58.0014.3%4.1%10.5%6.9%0.0%4.4%14.2%21.1K-220.1K-2290.00122.64N/AN/A00512