FEX Options History — February 2020

In February 2020, FEX traded between $57.46 and $67.45. ATM implied volatility averaged 22.7%, placing in the 25.2% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 6.1% (HV 20d: 16.6%). Max pain ranged from $60.00 to $63.00. Net GEX was positive for 17 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-02-19: Highest Volume — 2 contracts
  • 2020-02-21: Largest IV spike — 39.4% change
  • 2020-02-28: Highest IV Rank — 65.3%
  • 2020-02-28: Largest Expected Move — 13.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$65.12$57.46$67.45$64.60$57.46
Max Pain$60.47$60.00$63.00$63.00$60.00
ATM IV22.7%14.2%45.3%23.7%45.3%
Expected Move6.9%4.4%13.0%6.8%13.0%
HV 20d16.6%12.6%26.3%12.6%26.3%
HV 60d11.4%9.3%17.4%9.3%17.4%
IV Rank25.2%10.0%65.3%27.0%65.3%
IV Percentile72.3%30.6%99.2%89.7%99.2%
Term Structure-5.5%-12.4%0.3%-1.8%-9.2%
Skew 25d9.1%2.9%14.5%10.5%12.4%
Skew 10d4.7%-2.1%17.9%-1.0%15.1%
Call IV 25d16.6%8.4%35.1%18.0%35.1%
Put IV 25d25.7%15.4%47.5%28.5%47.5%
Bid-Ask Spread %135.74121.46164.96134.08164.96
Gamma HHI0.460.290.660.300.56
Net GEX17.8K-3.4K37.5K-3.4K3.6K
Net DEX-125.9K-201.5K-17.1K-17.1K-39.7K
Net VEX-539-786-264-786-291
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.1050200
Total OI95.9473711711737

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$64.60$63.0023.7%6.8%12.6%27.0%0.0%10.5%-1.8%-3.4K-17.1K-7860.00134.08N/AN/A005760
2020-02-04$65.76$63.0021.2%6.1%14.1%22.5%0.0%2.9%-6.2%-931-108.4K-7460.00133.12N/AN/A005760
2020-02-05$66.40$63.0015.3%4.4%14.5%12.0%0.0%5.3%0.1%20.2K-141.5K-6410.00131.55N/AN/A005760
2020-02-06$66.47$60.0014.6%6.7%14.4%10.9%0.0%9.6%-12.4%23.1K-149.1K-6560.00121.80N/AN/A005760
2020-02-07$65.99$60.0017.2%6.6%14.7%15.3%0.0%12.0%-8.1%17.2K-139.5K-6070.00130.31N/AN/A005760
2020-02-10$66.10$60.0015.5%5.5%14.6%12.3%0.0%13.5%-3.9%21.7K-142.1K-5910.00133.47N/AN/A005760
2020-02-11$66.76$60.0014.2%5.4%14.9%10.0%0.0%14.5%-5.2%30.1K-168.7K-6010.00128.21N/AN/A005760
2020-02-12$67.19$60.0018.2%5.2%15.0%17.2%0.0%3.7%-4.5%37.5K-184.5K-5970.00132.22N/AN/A005760
2020-02-13$67.10$60.0016.7%4.8%15.0%14.4%0.0%8.5%-0.2%36.8K-188.1K-5970.00136.53N/AN/A005760
2020-02-14$67.10$60.0022.5%6.5%14.7%24.8%0.0%14.1%-7.5%19.1K-174.7K-6130.00135.32N/AN/A005760
2020-02-18$67.04$60.0021.0%6.0%14.7%22.1%0.0%5.5%-8.1%34.1K-183.8K-5560.00139.25N/AN/A005760
2020-02-19$67.45$60.0020.0%5.7%14.8%20.3%0.0%8.2%-6.0%31.8K-201.5K-5500.00141.00N/AN/A205760
2020-02-20$67.31$60.0016.7%4.8%14.8%14.4%0.0%9.4%0.0%30.8K-194.3K-5320.00121.46N/AN/A005760
2020-02-21$66.48$60.0023.2%6.7%15.5%26.1%0.0%5.5%-8.9%9.4K-124.4K-4990.00140.37N/AN/A005760
2020-02-24$64.53$60.0026.2%7.5%18.2%31.4%0.0%7.4%0.3%8.6K-89.6K-4560.00140.28N/AN/A00370
2020-02-25$62.30$60.0030.7%8.8%21.4%39.4%0.0%10.0%-5.8%6.5K-65.9K-3860.00139.08N/AN/A00370
2020-02-26$61.64$60.0031.9%9.1%21.1%41.5%0.0%7.8%-10.1%6.4K-40.0K-2740.00140.59N/AN/A00370
2020-02-27$59.63$60.0037.2%10.7%23.7%50.8%0.0%11.0%-7.3%4.8K-39.4K-2640.00135.42N/AN/A00370
2020-02-28$57.46$60.0045.3%13.0%26.3%65.3%0.0%12.4%-9.2%3.6K-39.7K-2910.00164.96N/AN/A00370