FEX Options History — January 2025

Name: FEX Options Analytics - January 2025
Creator: Options Analysis Suite

In January 2025, FEX traded between $103.63 and $109.63. ATM implied volatility averaged 20.3%, placing in the 37.1% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 6.4% (HV 20d: 13.9%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 1 of 20 days.

Notable Days

2025-01-15: Largest IV drop — 60.5% change
2025-01-14: Highest IV Rank — 100.0%
2025-01-02: Largest Expected Move — 5.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$107.21	$103.63	$109.63	$104.34	$108.63
ATM IV	20.3%	14.5%	39.0%	20.7%	17.0%
Expected Move	4.7%	4.2%	5.9%	5.9%	4.9%
HV 20d	13.9%	10.9%	17.2%	14.3%	11.0%
HV 60d	14.2%	13.7%	14.5%	13.8%	14.3%
IV Rank	37.1%	17.1%	100.0%	39.5%	25.5%
IV Percentile	53.2%	15.1%	100.0%	79.8%	43.3%
Term Structure	-1.9%	-5.6%	0.7%	-5.6%	-2.6%
Skew 25d	3.4%	0.2%	7.6%	3.6%	5.3%
Skew 10d	3.7%	-0.2%	8.4%	-0.2%	7.9%
Call IV 25d	13.0%	9.0%	15.5%	15.5%	12.5%
Put IV 25d	16.4%	14.5%	19.4%	19.1%	17.8%
Bid-Ask Spread %	171.49	162.22	190.70	162.22	170.94
Net GEX	0	0	0	0	0
Net DEX	0	0	0	0	0
Net VEX	0	0	0	0	0
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
Total Volume	0	0	0	0	0
Total OI	0	0	0	0	0

Daily Data (20 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	Spread %	Call Wall	Put Wall
2025-01-02	$104.34	$0.00	20.7%	5.9%	14.3%	39.5%	0.0%	3.6%	-5.6%	162.22	N/A	N/A
2025-01-03	$105.43	$0.00	20.1%	5.8%	15.1%	36.8%	0.0%	3.4%	-5.4%	165.12	N/A	N/A
2025-01-06	$105.33	$0.00	21.7%	4.2%	15.0%	42.3%	0.0%	2.9%	-0.4%	177.85	N/A	N/A
2025-01-07	$104.58	$0.00	31.0%	5.2%	15.1%	74.4%	0.0%	4.6%	-1.7%	190.70	N/A	N/A
2025-01-08	$104.93	$0.00	23.5%	4.3%	14.9%	48.6%	0.0%	1.6%	-0.6%	174.91	N/A	N/A
2025-01-10	$103.63	$0.00	26.5%	4.6%	15.2%	58.9%	0.0%	2.8%	-1.0%	173.65	N/A	N/A
2025-01-13	$104.24	$0.00	33.8%	4.8%	15.3%	84.2%	0.0%	2.2%	-0.9%	175.02	N/A	N/A
2025-01-14	$105.34	$0.00	39.0%	4.6%	15.9%	100.0%	0.0%	3.1%	-0.7%	171.10	N/A	N/A
2025-01-15	$107.06	$0.00	15.4%	4.4%	17.0%	20.1%	0.0%	0.6%	-1.8%	173.97	N/A	N/A
2025-01-16	$107.84	$0.00	14.9%	4.3%	17.2%	18.5%	0.0%	1.2%	-0.7%	172.28	N/A	N/A
2025-01-17	$108.53	$0.00	15.0%	4.3%	17.0%	18.8%	0.0%	0.2%	-1.2%	167.77	N/A	N/A
2025-01-21	$109.57	$0.00	14.8%	4.3%	12.4%	18.2%	0.0%	1.3%	-1.8%	167.56	N/A	N/A
2025-01-22	$109.43	$0.00	15.3%	4.4%	12.4%	19.8%	0.0%	1.3%	-1.7%	168.67	N/A	N/A
2025-01-23	$109.63	$0.00	14.5%	4.2%	11.9%	17.1%	0.0%	2.5%	-1.2%	169.17	N/A	N/A
2025-01-24	$109.52	$0.00	15.0%	4.3%	11.9%	18.7%	0.0%	3.0%	-2.1%	169.48	N/A	N/A
2025-01-27	$108.97	$0.00	16.9%	4.8%	12.0%	25.1%	0.0%	7.1%	0.7%	169.17	N/A	N/A
2025-01-28	$109.13	$0.00	17.0%	4.9%	12.0%	25.5%	0.0%	7.6%	-2.9%	169.76	N/A	N/A
2025-01-29	$108.84	$0.00	16.9%	4.9%	11.1%	25.3%	0.0%	5.8%	-3.2%	170.19	N/A	N/A
2025-01-30	$109.19	$0.00	16.6%	4.7%	10.9%	24.0%	0.0%	7.2%	-2.1%	170.36	N/A	N/A
2025-01-31	$108.63	$0.00	17.0%	4.9%	11.0%	25.5%	0.0%	5.3%	-2.6%	170.94	N/A	N/A