FEX Options History — May 2023

In May 2023, FEX traded between $77.64 and $80.38. ATM implied volatility averaged 17.0%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 1.4% (HV 20d: 15.6%). Max pain ranged from $85.00 to $85.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 10 of 22 days.

Notable Days

  • 2023-05-02: Highest Volume — 10 contracts
  • 2023-05-02: Largest IV spike — 50.0% change
  • 2023-05-09: Highest IV Rank — 28.2%
  • 2023-05-03: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$78.72$77.64$80.38$80.38$77.96
Max Pain$85.00$85.00$85.00$85.00$85.00
ATM IV17.0%11.6%25.1%14.4%13.5%
Expected Move4.7%3.3%6.4%4.1%3.9%
HV 20d15.6%13.6%17.1%14.4%13.6%
HV 60d17.5%17.0%17.7%17.0%17.5%
IV Rank11.1%0.0%28.2%5.3%4.2%
IV Percentile12.4%0.0%51.2%2.4%1.6%
Term Structure-0.8%-7.1%6.3%6.3%-1.1%
Skew 25d7.2%-1.8%16.3%13.8%5.5%
Skew 10d10.2%2.9%18.2%2.9%12.2%
Call IV 25d12.5%7.1%21.2%10.1%14.5%
Put IV 25d19.7%11.6%25.0%23.9%20.0%
Bid-Ask Spread %106.6368.80138.67118.7584.82
Gamma HHI0.570.401.000.780.70
Net GEX301-7523.1K3.1K-438
Net DEX2.6K-11.3K8.2K-11.3K3.1K
Net VEX-69-118-14-63-37
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.45501000
Total OI20.09111211121

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$80.38$0.0014.4%4.1%14.4%5.3%0.0%13.8%6.3%3.1K-11.3K-630.00118.75N/AN/A00110
2023-05-02$79.06$0.0021.7%6.2%15.2%20.9%0.0%10.0%-1.9%851-1.5K-140.00116.01N/AN/A010110
2023-05-03$78.66$0.0022.2%6.4%14.1%21.9%0.0%8.7%-7.1%8763.8K-1120.00118.54N/AN/A001110
2023-05-04$77.64$85.0021.1%5.8%14.8%19.6%0.0%7.6%0.1%697.9K-1180.00111.67N/AN/A001110
2023-05-05$79.16$85.0018.3%5.4%16.5%13.6%0.0%14.3%-0.1%1.7K-2.5K-1180.00113.43N/AN/A001110
2023-05-08$79.08$85.0022.6%5.0%16.2%22.8%0.0%2.4%-1.6%1.0K114-690.00138.67N/AN/A001110
2023-05-09$78.84$85.0025.1%5.2%15.8%28.2%0.0%8.9%-4.5%559-1.3K-800.00134.50N/AN/A001110
2023-05-10$78.74$85.0017.0%4.9%15.8%10.8%0.0%10.5%3.4%3834.3K-980.00125.47N/AN/A001110
2023-05-11$78.15$85.0013.6%3.9%15.6%3.4%0.0%5.6%0.5%1252.7K-600.00121.44N/AN/A001110
2023-05-12$78.13$85.0018.6%5.3%15.6%14.3%0.0%5.3%-3.7%536903-570.00138.34N/AN/A001110
2023-05-15$78.69$85.0014.8%4.2%15.9%6.0%0.0%4.8%1.4%-3825.9K-710.0091.25N/AN/A001110
2023-05-16$77.86$85.0019.2%5.5%16.0%15.6%0.0%13.2%1.1%-6538.2K-840.0095.17N/AN/A001110
2023-05-17$78.83$85.0016.9%4.9%16.8%10.6%0.0%16.3%-2.1%2304.7K-780.00103.34N/AN/A001110
2023-05-18$79.53$85.0013.9%4.0%17.1%4.2%0.0%4.9%-4.5%985195-530.00105.96N/AN/A001110
2023-05-19$79.33$85.0011.6%3.3%17.1%0.0%0.0%5.9%5.4%-4253.7K-420.0079.32N/AN/A001110
2023-05-22$79.47$85.0013.8%3.9%17.1%4.7%0.0%7.3%0.5%6923.1K-780.0097.81N/AN/A001110
2023-05-23$78.81$85.0015.5%4.5%15.7%8.4%0.0%6.1%-0.8%-4915.6K-590.0068.80N/AN/A001110
2023-05-24$77.88$85.0015.4%4.4%15.7%8.1%0.0%5.5%1.4%662.8K-520.0091.64N/AN/A001110
2023-05-25$78.17$85.0015.8%4.5%14.6%9.0%0.0%-1.8%0.0%-7525.9K-630.0095.56N/AN/A001110
2023-05-26$78.78$85.0013.5%3.9%14.5%4.2%0.0%4.3%-3.4%-6815.3K-560.0095.32N/AN/A001110
2023-05-30$78.67$85.0015.4%4.4%14.5%8.1%0.0%-1.4%-5.9%-6405.7K-610.0099.98N/AN/A001110
2023-05-31$77.96$85.0013.5%3.9%13.6%4.2%0.0%5.5%-1.1%-4383.1K-370.0084.82N/AN/A001110