FEX Options History — February 2025

In February 2025, FEX traded between $105.58 and $109.68. ATM implied volatility averaged 17.8%, placing in the 26.4% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 8.4% (HV 20d: 9.4%). Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 1 of 19 days.

Notable Days

  • 2025-02-12: Largest IV drop — 24.7% change
  • 2025-02-28: Highest IV Rank — 46.2%
  • 2025-02-28: Largest Expected Move — 6.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$108.06$105.58$109.68$108.15$106.38
ATM IV17.8%14.4%23.6%19.3%23.6%
Expected Move4.8%4.1%6.8%5.5%6.8%
HV 20d9.4%7.0%11.2%11.2%10.3%
HV 60d12.5%12.1%14.3%14.3%12.4%
IV Rank26.4%14.1%46.2%33.3%46.2%
IV Percentile48.8%9.5%91.3%68.3%91.3%
Term Structure-1.5%-4.0%10.8%-4.0%10.8%
Skew 25d4.1%-0.1%10.4%4.7%-0.1%
Skew 10d4.4%1.7%15.9%8.8%6.3%
Call IV 25d14.0%11.3%36.5%14.7%36.5%
Put IV 25d18.1%14.4%36.5%19.4%36.5%
Bid-Ask Spread %154.03148.35173.88170.67173.88
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$108.15$0.0019.3%5.5%11.2%33.3%0.0%4.7%-4.0%0000.00170.67N/AN/A0000
2025-02-04$108.49$0.0019.2%5.5%10.8%33.1%0.0%3.3%-3.9%0000.00172.23N/AN/A0000
2025-02-05$109.04$0.0018.4%5.3%10.8%30.1%0.0%5.1%-3.6%0000.00171.27N/AN/A0000
2025-02-06$108.68$0.0018.1%4.1%10.5%27.1%0.0%3.1%-0.4%0000.00148.47N/AN/A0000
2025-02-07$108.33$0.0019.1%4.3%10.6%30.6%0.0%3.4%-1.6%0000.00148.53N/AN/A0000
2025-02-10$108.85$0.0019.5%4.2%9.3%31.9%0.0%3.5%-1.0%0000.00148.80N/AN/A0000
2025-02-11$108.60$0.0020.3%4.1%9.3%34.7%0.0%3.2%-0.3%0000.00149.17N/AN/A0000
2025-02-12$107.82$0.0015.3%4.4%9.3%17.1%0.0%3.7%-1.6%0000.00149.49N/AN/A0000
2025-02-13$108.94$0.0014.4%4.1%8.2%14.1%0.0%3.3%-0.7%0000.00149.18N/AN/A0000
2025-02-14$109.20$0.0014.8%4.2%7.9%15.3%0.0%3.1%-1.9%0000.00149.29N/AN/A0000
2025-02-18$109.68$0.0014.8%4.3%7.7%15.6%0.0%3.8%-1.1%0000.00148.60N/AN/A0000
2025-02-19$109.66$0.0014.9%4.3%7.0%15.7%0.0%3.6%-1.8%0000.00148.88N/AN/A0000
2025-02-20$108.84$0.0015.1%4.3%7.5%16.4%0.0%4.2%-1.7%0000.00149.65N/AN/A0000
2025-02-21$106.97$0.0016.9%4.8%9.5%22.8%0.0%10.4%-2.0%0000.00150.38N/AN/A0000
2025-02-24$106.94$0.0017.9%5.1%9.6%26.2%0.0%5.0%-2.8%0000.00150.15N/AN/A0000
2025-02-25$106.42$0.0018.6%5.3%9.5%28.6%0.0%5.0%-3.1%0000.00149.26N/AN/A0000
2025-02-26$106.55$0.0018.7%5.4%9.5%29.0%0.0%5.5%-3.0%0000.00150.34N/AN/A0000
2025-02-27$105.58$0.0020.0%5.7%9.9%33.7%0.0%4.7%-3.8%0000.00148.35N/AN/A0000
2025-02-28$106.38$0.0023.6%6.8%10.3%46.2%0.0%-0.1%10.8%0000.00173.88N/AN/A0000