FEX Options History — December 2023

In December 2023, FEX traded between $85.84 and $90.60. ATM implied volatility averaged 13.0%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 1.0% (HV 20d: 12.0%). Max pain ranged from $84.00 to $91.00. Net GEX was positive for 3 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-12-28: Highest Volume — 20 contracts
  • 2023-12-12: Largest IV spike — 48.1% change
  • 2023-12-20: Highest IV Rank — 16.9%
  • 2023-12-08: Largest Expected Move — 4.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$88.65$85.84$90.60$86.73$90.21
Max Pain$89.25$84.00$91.00$84.00$91.00
ATM IV13.0%7.8%16.9%14.3%7.8%
Expected Move4.1%2.2%4.9%4.1%2.2%
HV 20d12.0%9.8%14.3%14.3%12.0%
HV 60d15.2%14.6%15.6%15.3%14.7%
IV Rank9.1%0.0%16.9%11.5%0.0%
IV Percentile26.9%0.0%54.0%31.7%0.0%
Term Structure-0.5%-6.0%8.4%-6.0%4.1%
VWIV10.7%10.7%10.7%10.7%10.7%
Skew 25d3.3%-3.4%8.1%-3.4%4.0%
Skew 10d2.5%0.2%4.0%0.2%3.0%
Call IV 25d11.3%4.9%14.9%14.0%13.1%
Put IV 25d14.6%10.0%18.7%10.6%17.1%
Bid-Ask Spread %131.3364.61148.90109.65116.09
Gamma HHI0.980.801.001.000.80
Net GEX-1.5K-13.3K11.8K-6.2K11.8K
Net DEX280-32.2K12.0K9.9K-32.2K
Net VEX-16-1680-34-168
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume2.1020020
Total OI6.650211021

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$86.73$84.0014.3%4.1%14.3%11.5%0.0%-3.4%-6.0%-6.2K9.9K-340.00109.65N/AN/A00010
2023-12-04$86.53$0.0011.0%4.6%13.5%5.0%0.0%3.6%-0.7%-4.2K4.1K-150.00147.03N/AN/A00010
2023-12-05$85.89$0.009.5%4.5%13.4%2.1%0.0%1.4%-1.6%-13.3K10.4K-260.00147.25N/AN/A00010
2023-12-06$85.84$0.0011.3%4.5%13.4%5.6%0.0%3.6%0.7%-9.2K12.0K-300.00146.62N/AN/A00010
2023-12-07$86.26$0.0011.9%4.6%13.3%6.8%0.0%7.0%-1.2%-6.2K6.0K-160.00148.04N/AN/A00010
2023-12-08$86.79$0.0014.6%4.9%12.6%12.2%0.0%4.0%-3.4%-3.9K3.9K-110.00148.90N/AN/A00010
2023-12-11$87.44$0.0010.4%4.5%12.3%3.9%0.0%8.1%-1.4%-1033800.00147.74N/AN/A00010
2023-12-12$87.58$0.0015.5%4.5%12.3%13.9%0.0%3.8%-1.4%-1114000.00147.85N/AN/A00010
2023-12-13$89.06$0.0013.5%3.9%9.8%10.0%0.0%5.0%-0.5%0000.00147.21N/AN/A00010
2023-12-14$90.20$0.0015.1%4.3%10.3%13.2%0.0%2.9%0.5%0000.00145.43N/AN/A00010
2023-12-15$89.53$0.0016.0%4.6%10.6%15.1%0.0%3.9%-1.5%-41233300.00146.53N/AN/A00010
2023-12-18$89.92$0.0016.3%4.7%10.6%15.6%0.0%3.9%-1.3%0000.00145.84N/AN/A0000
2023-12-19$90.53$0.0015.4%4.4%10.6%13.9%0.0%0.2%-3.5%0000.00144.54N/AN/A0000
2023-12-20$89.38$0.0016.9%4.8%11.7%16.9%0.0%5.5%-1.3%0000.00146.38N/AN/A0000
2023-12-21$89.91$0.0016.9%4.8%11.8%16.8%0.0%2.2%-3.7%0000.00145.22N/AN/A0000
2023-12-22$89.87$0.0013.1%3.7%11.8%9.1%0.0%1.2%2.7%0000.00107.37N/AN/A0000
2023-12-26$90.48$0.008.6%2.5%11.8%0.1%10.7%1.3%8.4%0000.0095.12N/AN/A2000
2023-12-27$90.28$91.008.9%2.6%11.8%0.8%0.0%0.7%1.2%1.5K-3.8K-90.0079.22N/AN/A0010
2023-12-28$90.60$91.0013.2%3.8%11.8%9.3%0.0%7.1%-0.8%1.1K-5.2K-90.0064.61N/AN/A20010
2023-12-29$90.21$91.007.8%2.2%12.0%0.0%0.0%4.0%4.1%11.8K-32.2K-1680.00116.09N/AN/A200210