FEX Options History — April 2020

In April 2020, FEX traded between $44.76 and $56.41. ATM implied volatility averaged 40.8%, placing in the 42.5% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded below realized volatility by 27.0% (HV 20d: 67.8%). Max pain ranged from $40.00 to $49.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 6 of 21 days.

Notable Days

  • 2020-04-03: Highest Volume — 2 contracts
  • 2020-04-20: Largest IV spike — 27.1% change
  • 2020-04-01: Highest IV Rank — 68.6%
  • 2020-04-01: Largest Expected Move — 17.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.07$44.76$56.41$44.93$54.99
Max Pain$48.50$40.00$49.00$40.00$49.00
ATM IV40.8%29.7%60.7%60.7%31.2%
Expected Move11.6%8.5%17.4%17.4%8.9%
HV 20d67.8%43.3%89.3%87.5%43.3%
HV 60d58.3%54.4%60.5%54.4%60.5%
IV Rank42.5%27.9%68.6%68.6%29.8%
IV Percentile87.5%79.4%94.4%94.4%81.3%
Term Structure-0.4%-12.3%10.6%-12.3%6.0%
VWIV41.0%41.0%41.0%41.0%41.0%
Skew 25d14.9%3.8%24.2%9.7%10.8%
Skew 10d22.0%6.1%49.8%47.7%19.8%
Call IV 25d29.6%21.7%40.3%40.3%31.4%
Put IV 25d44.5%35.0%60.2%50.0%42.2%
Bid-Ask Spread %106.7672.29121.53107.58110.14
Gamma HHI0.250.190.300.190.24
Net GEX-2.6K-3.7K-1.4K-3.2K-1.4K
Net DEX44.8K13.6K87.9K87.9K26.0K
Net VEX-369-530-202-530-361
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.1430200
Total OI94.09588999888

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$44.93$40.0060.7%17.4%87.5%68.6%0.0%9.7%-12.3%-3.2K87.9K-5300.00107.58N/AN/A003365
2020-04-02$45.53$0.0052.0%14.2%87.7%57.3%0.0%22.0%-1.1%-3.5K82.5K-5050.0072.29N/AN/A003365
2020-04-03$44.76$0.0048.6%13.8%87.6%52.8%0.0%17.9%-4.3%-3.7K81.9K-4750.0079.25N/AN/A023365
2020-04-06$48.30$0.0043.6%11.8%89.3%46.2%41.0%10.9%-2.5%-3.2K61.5K-4260.0076.20N/AN/A013365
2020-04-07$49.44$49.0048.4%12.7%88.9%52.5%0.0%23.2%-3.9%-3.0K49.3K-3860.00107.64N/AN/A003366
2020-04-08$50.91$49.0040.8%11.7%88.2%42.5%0.0%14.7%0.4%-2.5K43.3K-3820.00113.75N/AN/A003366
2020-04-09$52.31$49.0043.2%12.4%80.6%45.6%0.0%13.4%-4.6%-2.0K36.0K-3820.00100.65N/AN/A003366
2020-04-13$51.33$49.0041.1%11.8%80.2%42.9%0.0%15.3%-2.8%-2.4K41.4K-3790.00107.12N/AN/A003366
2020-04-14$52.55$49.0035.6%10.2%73.5%35.7%0.0%15.8%-0.5%-2.3K34.5K-3450.00115.93N/AN/A003366
2020-04-15$50.99$49.0039.8%11.4%74.6%41.2%0.0%10.7%-1.7%-2.7K47.4K-3930.00118.02N/AN/A003366
2020-04-16$50.75$49.0040.7%11.7%65.0%42.4%0.0%24.2%-1.9%-2.9K46.3K-3660.00103.84N/AN/A003366
2020-04-17$52.68$49.0036.1%10.3%63.6%36.3%0.0%21.2%-0.3%-2.5K34.0K-3090.00105.95N/AN/A003366
2020-04-20$51.92$49.0045.9%13.1%61.7%49.1%0.0%23.2%-3.9%-2.6K37.8K-3150.0098.92N/AN/A003355
2020-04-21$50.43$49.0043.9%12.6%60.5%46.5%0.0%3.8%-1.0%-2.5K49.1K-3950.00113.33N/AN/A003355
2020-04-22$51.56$49.0040.8%11.7%51.6%42.4%0.0%11.6%6.1%-2.6K45.8K-3850.00116.87N/AN/A003355
2020-04-23$51.84$49.0039.0%11.2%47.9%40.1%0.0%12.2%-0.7%-2.5K39.1K-3490.00121.53N/AN/A003355
2020-04-24$52.56$49.0033.6%9.6%47.8%33.0%0.0%18.4%10.6%-2.4K32.8K-3370.00116.83N/AN/A003355
2020-04-27$53.94$49.0030.5%8.7%48.1%28.9%0.0%5.8%7.9%-2.2K24.4K-2640.00117.47N/AN/A003355
2020-04-28$54.36$49.0032.1%9.2%48.0%31.0%0.0%15.4%4.8%-2.3K25.6K-2530.00117.55N/AN/A003355
2020-04-29$56.41$49.0029.7%8.5%48.5%27.9%0.0%12.0%-3.3%-2.0K13.6K-2020.00121.09N/AN/A003355
2020-04-30$54.99$49.0031.2%8.9%43.3%29.8%0.0%10.8%6.0%-1.4K26.0K-3610.00110.14N/AN/A003355