FEX Options History — November 2023

In November 2023, FEX traded between $78.77 and $85.47. ATM implied volatility averaged 13.0%, placing in the 9.0% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded below realized volatility by 4.4% (HV 20d: 17.4%). Max pain ranged from $84.00 to $84.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days.

Notable Days

  • 2023-11-29: Highest Volume — 10 contracts
  • 2023-11-08: Largest IV spike — 97.2% change
  • 2023-11-01: Highest IV Rank — 26.1%
  • 2023-11-01: Largest Expected Move — 6.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$83.02$78.77$85.47$78.77$85.47
Max Pain$84.00$84.00$84.00$84.00$84.00
ATM IV13.0%9.0%21.5%21.5%16.3%
Expected Move3.6%2.6%6.2%6.2%4.7%
HV 20d17.4%15.2%20.2%16.2%15.2%
HV 60d14.8%13.2%15.5%13.2%15.1%
IV Rank9.0%0.9%26.1%26.1%15.5%
IV Percentile21.4%1.6%65.1%65.1%45.2%
Term Structure-1.4%-14.0%4.6%-14.0%-11.5%
VWIV12.2%12.2%12.2%12.2%12.2%
Skew 25d3.8%0.1%9.3%5.8%7.0%
Skew 10d5.9%-3.2%13.0%9.7%-3.2%
Call IV 25d9.9%6.1%13.2%13.2%6.1%
Put IV 25d13.7%11.0%19.0%19.0%13.1%
Bid-Ask Spread %85.5965.46124.84124.84111.40
Gamma HHI1.001.001.001.001.00
Net GEX-371-7.8K00-7.8K
Net DEX1.0K021.8K021.8K
Net VEX-3-5700-57
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume0.47601000
Total OI0.476010010

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$78.77$0.0021.5%6.2%16.2%26.1%0.0%5.8%-14.0%0000.00124.84N/AN/A0000
2023-11-02$80.52$0.0013.5%4.4%18.0%9.9%0.0%7.9%4.3%0000.0085.36N/AN/A0000
2023-11-03$81.93$0.0018.3%2.6%18.5%19.6%0.0%3.5%4.6%0000.0085.84N/AN/A0000
2023-11-06$81.27$0.0019.0%3.8%18.7%21.0%0.0%3.6%-1.1%0000.0066.71N/AN/A0000
2023-11-07$81.46$0.0010.2%3.6%18.3%3.5%0.0%3.7%-4.6%0000.0088.04N/AN/A0000
2023-11-08$81.24$0.0020.2%5.8%18.3%23.4%0.0%4.9%-4.5%0000.0097.89N/AN/A0000
2023-11-09$80.55$0.0012.4%3.6%18.0%7.8%0.0%6.3%1.1%0000.0082.28N/AN/A0000
2023-11-10$81.56$0.0013.0%3.7%18.4%9.0%0.0%2.9%0.9%0000.0088.56N/AN/A0000
2023-11-13$81.58$0.0011.9%3.4%17.7%6.9%0.0%3.1%1.6%0000.0079.72N/AN/A0000
2023-11-14$83.87$0.009.6%2.7%20.2%2.1%0.0%0.1%2.4%0000.0077.75N/AN/A0000
2023-11-15$84.06$0.0010.1%2.9%19.0%3.2%0.0%4.6%0.9%0000.0079.63N/AN/A0000
2023-11-16$83.64$0.0011.1%3.2%18.3%5.3%0.0%1.6%-0.6%0000.0079.59N/AN/A0000
2023-11-17$84.21$0.0014.1%4.1%17.5%11.3%0.0%9.3%-8.7%0000.0077.49N/AN/A0000
2023-11-20$84.77$0.009.0%2.6%17.3%1.1%0.0%2.3%-1.4%0000.0089.69N/AN/A0000
2023-11-21$84.37$0.009.0%2.6%17.5%0.9%0.0%2.1%4.2%0000.0097.49N/AN/A0000
2023-11-22$84.72$0.009.8%2.8%16.4%2.6%0.0%2.1%0.3%0000.0065.46N/AN/A0000
2023-11-24$84.91$0.0013.0%3.7%16.3%9.0%0.0%1.6%-8.7%0000.0077.54N/AN/A0000
2023-11-27$84.86$0.009.8%2.8%15.3%2.7%0.0%3.4%2.3%0000.0072.16N/AN/A0000
2023-11-28$84.67$0.0010.1%2.9%15.3%3.2%0.0%1.4%0.4%0000.0071.04N/AN/A0000
2023-11-29$84.89$0.0011.2%3.2%15.3%5.4%12.2%1.9%3.3%0000.0098.85N/AN/A01000
2023-11-30$85.47$84.0016.3%4.7%15.2%15.5%0.0%7.0%-11.5%-7.8K21.8K-570.00111.40N/AN/A00010