FEX Options History — January 2024

In January 2024, FEX traded between $88.31 and $91.92. ATM implied volatility averaged 13.2%, placing in the 10.8% IV rank vs the trailing year. The 30-day expected move averaged 3.4%. IV traded above realized volatility by 3.0% (HV 20d: 10.2%). Max pain ranged from $91.00 to $94.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2024-01-04: Highest Volume — 20 contracts
  • 2024-01-09: Largest IV spike — 105.8% change
  • 2024-01-09: Highest IV Rank — 37.5%
  • 2024-01-16: Largest Expected Move — 4.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$89.89$88.31$91.92$89.64$90.73
Max Pain$93.71$91.00$94.00$91.00$94.00
ATM IV13.2%9.2%26.8%9.2%12.2%
Expected Move3.4%2.6%4.4%2.6%3.5%
HV 20d10.2%8.8%12.0%11.6%10.0%
HV 60d13.5%12.1%14.8%14.8%12.1%
IV Rank10.8%2.7%37.5%2.7%8.6%
IV Percentile29.7%4.0%98.0%4.0%26.2%
Term Structure0.1%-5.4%9.1%9.1%0.0%
VWIV10.2%10.2%10.2%10.2%10.2%
Skew 25d2.3%-0.4%7.2%0.4%1.1%
Skew 10d4.8%-0.9%10.8%-0.9%2.6%
Call IV 25d10.8%7.5%13.0%11.0%12.6%
Put IV 25d13.1%11.4%18.4%11.4%13.7%
Bid-Ask Spread %97.6474.58111.71110.67111.71
Gamma HHI0.580.440.680.440.61
Net GEX29.3K11.2K52.3K18.9K37.0K
Net DEX-76.0K-210.4K-16.7K-41.7K-157.9K
Net VEX-294-573-109-236-247
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume1.42902000
Total OI58.71441704170

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$89.64$91.009.2%2.6%11.6%2.7%0.0%0.4%9.1%18.9K-41.7K-2360.00110.67N/AN/A00410
2024-01-03$88.94$91.0013.9%4.0%12.0%12.1%0.0%7.2%2.1%12.2K-22.1K-1490.00106.60N/AN/A00410
2024-01-04$88.97$94.0016.0%3.2%11.5%16.1%10.2%2.6%-0.5%16.5K-78.0K-3650.0085.24N/AN/A200410
2024-01-05$89.10$94.0021.1%3.2%11.5%26.4%0.0%4.5%2.2%39.8K-127.7K-5730.0098.36N/AN/A00610
2024-01-08$89.99$94.0013.0%4.2%11.8%10.3%0.0%1.1%-1.5%35.0K-119.2K-5150.0097.69N/AN/A00610
2024-01-09$89.65$94.0026.8%2.7%11.9%37.5%0.0%-0.4%-1.6%29.3K-80.4K-3900.0083.42N/AN/A00610
2024-01-10$89.81$94.0011.5%3.3%11.7%7.2%0.0%1.9%-0.2%29.3K-54.3K-3090.0096.52N/AN/A00610
2024-01-11$89.58$94.0010.5%3.0%11.8%5.4%0.0%1.5%0.6%24.6K-47.5K-2630.0099.63N/AN/A00610
2024-01-12$89.50$94.0010.8%3.1%10.2%5.8%0.0%0.9%1.5%26.3K-49.5K-2610.0074.58N/AN/A00610
2024-01-16$88.86$94.0015.3%4.4%9.4%14.9%0.0%1.6%-5.4%22.3K-48.3K-2490.0078.18N/AN/A00610
2024-01-17$88.31$94.0012.8%3.7%9.3%9.9%0.0%1.9%0.0%11.2K-16.7K-1090.0092.49N/AN/A00610
2024-01-18$88.89$94.0011.8%3.4%9.5%7.9%0.0%3.5%0.0%13.5K-19.3K-1230.0086.99N/AN/A00610
2024-01-19$89.85$94.0011.3%3.2%10.0%6.9%0.0%1.9%0.3%27.0K-49.7K-2470.0090.00N/AN/A00610
2024-01-22$90.44$94.0013.1%3.8%9.1%10.5%0.0%2.0%-4.2%34.1K-69.8K-3030.00106.25N/AN/A00600
2024-01-23$90.38$94.0010.5%3.0%8.9%5.3%0.0%6.2%3.7%37.9K-100.3K-3730.00109.97N/AN/A00600
2024-01-24$90.19$94.0010.4%3.0%9.0%5.0%0.0%0.6%0.9%25.8K-36.4K-1750.00107.43N/AN/A00600
2024-01-25$90.72$94.0013.2%3.8%8.9%10.7%0.0%3.4%-3.0%36.7K-87.1K-3370.0089.81N/AN/A00600
2024-01-26$90.83$94.0011.3%3.2%8.8%6.9%0.0%1.8%-1.1%39.2K-77.0K-2910.00106.90N/AN/A00600
2024-01-29$91.47$94.0011.9%3.4%9.1%8.2%0.0%1.5%-0.2%46.0K-102.2K-3250.00108.96N/AN/A100600
2024-01-30$91.92$94.0011.5%3.3%9.0%7.2%0.0%2.1%-0.4%52.3K-210.4K-3400.00109.10N/AN/A00700
2024-01-31$90.73$94.0012.2%3.5%10.0%8.6%0.0%1.1%0.0%37.0K-157.9K-2470.00111.71N/AN/A00700