FEX Options History — February 2023

In February 2023, FEX traded between $82.27 and $86.14. ATM implied volatility averaged 21.5%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 7.4% (HV 20d: 14.2%). Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days.

Notable Days

  • 2023-02-10: Largest IV spike — 57.7% change
  • 2023-02-28: Highest IV Rank — 32.4%
  • 2023-02-28: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$84.44$82.27$86.14$86.14$82.28
ATM IV21.5%13.7%25.8%21.2%25.8%
Expected Move5.9%3.9%7.4%6.1%7.4%
HV 20d14.2%12.9%15.7%15.2%13.9%
HV 60d17.1%15.7%19.4%19.4%15.7%
IV Rank22.4%3.9%32.4%21.5%32.4%
IV Percentile20.3%0.8%46.8%13.5%46.8%
Term Structure-2.1%-7.9%3.3%-4.0%-5.1%
Skew 25d7.3%1.3%14.8%6.9%5.3%
Skew 10d9.1%1.1%21.0%2.8%1.1%
Call IV 25d18.3%13.0%24.5%15.7%21.0%
Put IV 25d25.6%20.5%30.7%22.6%26.3%
Bid-Ask Spread %111.8196.77134.89134.89116.23
Gamma HHI0.840.820.860.840.84
Net GEX3.7K3.2K4.5K3.6K4.5K
Net DEX-40.3K-48.4K-27.6K-45.0K-30.1K
Net VEX-207-226-174-226-180
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI1111111111

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$86.14$0.0021.2%6.1%15.2%21.5%0.0%6.9%-4.0%3.6K-45.0K-2260.00134.89N/AN/A00110
2023-02-02$86.14$0.0019.9%5.2%15.2%18.5%0.0%10.6%-1.7%3.2K-45.1K-2240.00114.07N/AN/A00110
2023-02-03$85.42$0.0023.3%5.1%15.7%26.5%0.0%4.9%2.3%3.6K-45.1K-2250.00112.45N/AN/A00110
2023-02-06$84.89$0.0023.1%5.1%13.4%26.1%0.0%7.4%-2.5%3.7K-43.5K-2200.0097.26N/AN/A00110
2023-02-07$85.70$0.0023.4%5.4%13.7%26.6%0.0%5.3%-1.7%3.7K-44.6K-2200.00115.60N/AN/A00110
2023-02-08$84.99$0.0021.3%6.1%14.1%21.8%0.0%4.6%0.0%3.6K-43.2K-2170.00100.75N/AN/A00110
2023-02-09$84.33$0.0013.7%3.9%14.2%3.9%0.0%8.1%2.1%3.4K-41.6K-2170.00104.70N/AN/A00110
2023-02-10$84.84$0.0021.5%6.2%14.2%22.4%0.0%6.9%3.3%3.5K-42.1K-2140.00112.53N/AN/A00110
2023-02-13$85.68$0.0022.2%6.4%14.5%23.9%0.0%8.1%-7.9%3.9K-45.2K-2160.0096.77N/AN/A00110
2023-02-14$85.73$0.0018.5%5.3%14.4%15.3%0.0%6.3%-1.9%3.9K-48.4K-2160.00108.11N/AN/A00110
2023-02-15$85.66$0.0017.2%4.9%13.1%12.3%0.0%7.9%0.1%3.5K-46.4K-2140.00106.04N/AN/A00110
2023-02-16$85.00$0.0019.9%5.7%13.2%18.6%0.0%8.1%-0.9%3.7K-46.0K-2120.00123.51N/AN/A00110
2023-02-17$84.47$0.0020.5%5.9%12.9%20.0%0.0%7.5%-6.9%3.8K-41.6K-2060.00109.25N/AN/A00110
2023-02-21$82.89$0.0022.4%6.4%14.0%24.3%0.0%14.8%1.0%3.8K-29.1K-1840.00117.14N/AN/A00110
2023-02-22$82.35$0.0025.5%7.3%14.2%31.7%0.0%6.2%-6.6%3.6K-27.6K-1740.00109.97N/AN/A00110
2023-02-23$83.05$0.0022.1%6.3%14.5%23.6%0.0%9.5%-5.4%3.9K-31.9K-1860.00115.42N/AN/A00110
2023-02-24$82.27$0.0024.1%6.9%14.4%28.3%0.0%1.3%0.8%3.8K-33.1K-1850.00114.45N/AN/A00110
2023-02-27$82.50$0.0023.5%6.7%14.3%27.0%0.0%8.5%-4.6%3.2K-35.4K-1930.00115.30N/AN/A00110
2023-02-28$82.28$0.0025.8%7.4%13.9%32.4%0.0%5.3%-5.1%4.5K-30.1K-1800.00116.23N/AN/A00110