FEX Options History — May 2020

In May 2020, FEX traded between $51.99 and $58.52. ATM implied volatility averaged 31.2%, placing in the 29.8% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded below realized volatility by 6.8% (HV 20d: 37.9%). Max pain ranged from $49.00 to $53.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-05-04: Highest Volume — 2 contracts
  • 2020-05-12: Largest IV spike — 60.2% change
  • 2020-05-12: Highest IV Rank — 54.9%
  • 2020-05-01: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.10$51.99$58.52$52.92$58.36
Max Pain$52.80$49.00$53.00$49.00$53.00
ATM IV31.2%24.0%50.2%35.9%25.4%
Expected Move8.4%6.9%10.3%10.3%7.3%
HV 20d37.9%34.4%46.5%46.5%34.4%
HV 60d61.6%60.9%63.0%60.9%61.2%
IV Rank29.8%20.3%54.9%36.0%22.2%
IV Percentile76.9%65.1%91.3%84.1%67.5%
Term Structure0.2%-9.0%8.3%-0.5%0.8%
VWIV22.3%22.3%22.3%22.3%22.3%
Skew 25d10.0%0.4%18.3%13.6%11.9%
Skew 10d13.2%6.6%35.8%30.6%18.3%
Call IV 25d22.5%17.8%35.3%35.3%21.0%
Put IV 25d32.5%22.9%48.9%48.9%32.9%
Bid-Ask Spread %111.8785.85122.1685.85113.48
Gamma HHI0.270.190.340.330.24
Net GEX-2.2K-4.3K428-2.8K428
Net DEX21.3K-54144.4K40.3K-541
Net VEX-161-332-32-332-32
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.250200
Total OI88.787908890

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$52.92$49.0035.9%10.3%46.5%36.0%0.0%13.6%-0.5%-2.8K40.3K-3320.0085.85N/AN/A003355
2020-05-04$53.24$53.0040.2%9.9%45.6%41.7%0.0%7.5%-2.4%-2.9K25.9K-1220.0095.64N/AN/A023255
2020-05-05$53.51$53.0037.3%9.3%38.0%37.8%0.0%13.8%7.0%-2.7K32.9K-2640.00101.61N/AN/A003257
2020-05-06$53.07$53.0035.1%9.3%37.7%34.9%0.0%15.6%1.2%-3.1K37.7K-2790.00112.45N/AN/A003257
2020-05-07$54.05$53.0032.5%8.9%36.9%31.5%0.0%6.3%1.3%-2.8K30.3K-2170.00117.44N/AN/A003257
2020-05-08$55.40$53.0025.7%8.3%36.7%22.6%0.0%9.8%1.0%-2.1K20.6K-1850.00116.75N/AN/A003257
2020-05-11$55.23$53.0031.4%8.0%35.8%30.1%0.0%6.9%1.8%-2.5K20.0K-1660.00117.12N/AN/A103257
2020-05-12$54.03$53.0050.2%7.8%36.1%54.9%0.0%0.4%-1.1%-2.5K21.5K-1780.00114.42N/AN/A003357
2020-05-13$51.99$53.0034.4%9.9%37.2%34.1%0.0%17.7%-1.4%-3.5K44.4K-2980.00105.09N/AN/A003357
2020-05-14$52.95$53.0028.1%8.0%37.6%25.7%0.0%18.3%-1.5%-4.3K36.9K-2170.00113.83N/AN/A003357
2020-05-15$53.12$53.0032.9%9.4%35.3%32.1%0.0%10.6%-3.9%-3.6K31.7K-1940.00115.20N/AN/A003357
2020-05-18$56.03$53.0025.9%7.4%39.4%22.9%0.0%11.9%5.0%-2.1K16.1K-1370.00117.30N/AN/A003256
2020-05-19$55.50$53.0027.0%7.7%37.9%24.3%0.0%2.5%7.0%-2.2K13.1K-880.00120.15N/AN/A003256
2020-05-20$56.23$53.0026.5%7.6%37.4%23.7%0.0%6.6%-3.9%-1.8K11.2K-870.00120.20N/AN/A003256
2020-05-21$55.92$53.0027.8%8.0%37.6%25.3%0.0%5.5%0.1%-2.1K14.5K-1170.00112.31N/AN/A003256
2020-05-22$55.93$53.0026.7%7.7%37.4%23.9%0.0%8.8%8.3%-2.0K11.0K-810.00122.16N/AN/A003256
2020-05-26$57.52$53.0029.8%8.6%37.6%28.1%0.0%13.7%-9.0%-9247.1K-730.00112.73N/AN/A003256
2020-05-27$58.52$53.0024.0%6.9%37.9%20.3%0.0%6.8%-7.1%-8515.0K-450.00110.96N/AN/A003256
2020-05-28$58.41$53.0026.4%7.6%35.8%23.5%22.3%11.6%1.8%-4356.2K-990.00112.72N/AN/A203256
2020-05-29$58.36$53.0025.4%7.3%34.4%22.2%0.0%11.9%0.8%428-541-320.00113.48N/AN/A003456