FEX Options History — March 2025

In March 2025, FEX traded between $99.26 and $105.06. ATM implied volatility averaged 22.7%, placing in the 37.5% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 6.6% (HV 20d: 16.1%). Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 6 of 21 days.

Notable Days

  • 2025-03-11: Largest IV drop — 39.1% change
  • 2025-03-10: Highest IV Rank — 69.4%
  • 2025-03-11: Largest Expected Move — 12.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$102.83$99.26$105.06$105.06$102.53
ATM IV22.7%18.7%30.7%22.6%27.1%
Expected Move6.8%4.2%12.9%6.5%5.8%
HV 20d16.1%11.0%20.2%11.0%20.2%
HV 60d13.8%12.5%14.9%12.5%14.7%
IV Rank37.5%23.3%69.4%42.6%53.1%
IV Percentile81.7%57.9%95.6%86.5%94.0%
Term Structure-3.5%-11.5%2.9%-3.8%-11.5%
Skew 25d5.8%-0.3%10.6%5.8%10.6%
Skew 10d2.7%-1.6%6.0%6.0%0.4%
Call IV 25d19.7%14.4%23.7%19.3%23.7%
Put IV 25d25.5%18.2%34.3%25.1%34.3%
Bid-Ask Spread %173.84147.09199.30147.94193.30
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$105.06$0.0022.6%6.5%11.0%42.6%0.0%5.8%-3.8%0000.00147.94N/AN/A0000
2025-03-04$104.13$0.0023.5%6.7%11.3%46.0%0.0%4.2%-4.8%0000.00150.34N/AN/A0000
2025-03-05$104.51$0.0022.3%6.4%11.3%41.6%0.0%3.8%-0.5%0000.00149.50N/AN/A0000
2025-03-06$102.73$0.0024.9%7.1%12.2%47.8%0.0%4.2%-1.4%0000.00147.09N/AN/A0000
2025-03-07$103.33$0.0025.4%7.3%12.6%49.7%0.0%4.3%-1.3%0000.00150.28N/AN/A0000
2025-03-10$101.49$0.0030.7%8.8%13.7%69.4%0.0%3.9%-2.6%0000.00147.32N/AN/A0000
2025-03-11$101.08$0.0018.7%12.9%13.4%24.7%0.0%8.2%1.9%0000.00171.54N/AN/A0000
2025-03-12$100.81$0.0019.1%10.9%13.4%25.9%0.0%3.6%2.0%0000.00171.23N/AN/A0000
2025-03-13$99.26$0.0019.7%11.7%14.0%23.8%0.0%-0.3%2.7%0000.00169.93N/AN/A0000
2025-03-14$101.34$0.0019.5%12.3%15.8%23.3%0.0%6.8%2.9%0000.00172.09N/AN/A0000
2025-03-17$103.22$0.0020.1%5.9%17.5%25.4%0.0%7.0%1.4%0000.00175.20N/AN/A0000
2025-03-18$102.19$0.0020.6%4.8%17.5%27.6%0.0%7.1%0.8%0000.00173.74N/AN/A0000
2025-03-19$103.70$0.0020.6%4.5%18.6%27.5%0.0%7.6%-9.3%0000.00173.68N/AN/A0000
2025-03-20$103.26$0.0021.1%4.2%18.5%29.5%0.0%7.4%-6.7%0000.00199.30N/AN/A0000
2025-03-21$102.43$0.0021.7%4.3%17.9%31.8%0.0%6.8%-6.9%0000.00193.88N/AN/A0000
2025-03-24$104.59$0.0022.4%4.3%19.6%34.6%0.0%5.8%-8.2%0000.00194.24N/AN/A0000
2025-03-25$104.44$0.0023.0%4.4%19.6%37.1%0.0%5.4%-8.0%0000.00194.89N/AN/A0000
2025-03-26$104.05$0.0023.6%4.5%19.6%39.4%0.0%7.0%-8.7%0000.00195.82N/AN/A0000
2025-03-27$103.60$0.0024.1%4.5%19.4%41.5%0.0%5.5%-9.2%0000.00191.67N/AN/A0000
2025-03-28$101.58$0.0025.2%5.8%20.2%45.7%0.0%7.5%-1.7%0000.00187.71N/AN/A0000
2025-03-31$102.53$0.0027.1%5.8%20.2%53.1%0.0%10.6%-11.5%0000.00193.30N/AN/A0000