FEX Options History — April 2025

In April 2025, FEX traded between $89.25 and $103.56. ATM implied volatility averaged 36.3%, placing in the 40.6% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded below realized volatility by 7.0% (HV 20d: 43.3%). Max pain ranged from $90.00 to $90.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2025-04-01: Highest Volume — 8 contracts
  • 2025-04-07: Largest IV spike — 120.2% change
  • 2025-04-03: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$97.08$89.25$103.56$102.56$99.72
Max Pain$90.00$90.00$90.00$90.00$90.00
ATM IV36.3%24.2%79.6%27.9%28.7%
Expected Move9.1%4.8%14.3%4.8%8.2%
HV 20d43.3%20.0%51.2%20.0%50.8%
HV 60d27.1%14.7%31.7%14.7%31.7%
IV Rank40.6%16.0%100.0%56.4%22.9%
IV Percentile93.0%83.7%100.0%94.0%89.3%
Term Structure-3.3%-13.2%15.7%-12.1%-3.0%
VWIV39.7%39.7%39.7%39.7%39.7%
Skew 25d6.9%-5.5%17.4%8.5%8.2%
Skew 10d7.0%-4.3%22.9%0.4%9.0%
Call IV 25d28.6%19.1%37.2%23.9%27.1%
Put IV 25d35.5%24.6%50.5%32.4%35.3%
Bid-Ask Spread %176.24160.81195.79193.92177.22
Gamma HHI0.940.761.001.001.00
Net GEX1.7K04.8K0205
Net DEX-16.7K-50.8K00-9.0K
Net VEX-23-6400-4
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.4290880
Total OI5.3330901

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$102.56$0.0027.9%4.8%20.0%56.4%0.0%8.5%-12.1%0000.00193.92N/AN/A8000
2025-04-02$103.56$0.0028.5%5.8%20.3%58.9%0.0%3.5%-3.0%4.8K-50.8K-640.00194.90N/AN/A0080
2025-04-03$98.41$0.0054.4%10.2%26.6%100.0%0.0%16.3%-11.0%3.2K-29.6K-590.00195.79N/AN/A0080
2025-04-04$93.33$0.0036.1%8.7%31.9%55.2%0.0%7.9%15.7%1.7K-5.0K-190.00168.53N/AN/A0080
2025-04-07$91.39$0.0079.6%12.4%32.1%100.0%39.7%13.4%-5.2%1.7K-15.5K-360.00164.27N/AN/A1080
2025-04-08$89.25$90.0066.4%14.3%32.8%79.9%0.0%17.4%-2.3%1.6K-19.2K-420.00160.81N/AN/A0090
2025-04-09$97.43$90.0029.6%8.5%46.8%24.3%0.0%-5.5%6.7%3.8K-30.2K-500.00173.63N/AN/A0090
2025-04-10$93.45$90.0045.4%13.0%48.7%48.1%0.0%3.5%-10.4%2.4K-20.6K-390.00168.99N/AN/A0090
2025-04-11$95.84$90.0037.9%10.9%49.0%36.7%0.0%-2.3%-5.9%3.2K-25.7K-400.00168.76N/AN/A0090
2025-04-14$97.31$90.0032.3%9.2%48.8%28.2%0.0%0.9%-13.2%3.7K-30.2K-310.00176.78N/AN/A0090
2025-04-15$96.88$90.0040.7%11.7%48.8%41.0%0.0%6.2%-11.4%3.6K-27.7K-270.00177.08N/AN/A0090
2025-04-16$95.23$90.0033.6%9.6%48.6%30.2%0.0%6.4%-13.2%3.0K-21.5K-200.00177.89N/AN/A0090
2025-04-17$96.56$90.0032.3%9.3%49.0%28.2%0.0%7.1%9.4%261-7.1K-90.00178.68N/AN/A0090
2025-04-21$93.98$90.0030.9%8.8%49.7%26.1%0.0%6.1%-7.9%377-6.8K-80.00169.43N/AN/A0010
2025-04-22$96.78$90.0024.2%6.9%50.4%16.0%0.0%7.6%3.5%297-8.0K-60.00175.31N/AN/A0010
2025-04-23$97.71$90.0029.6%8.5%50.6%24.2%0.0%3.5%-8.1%267-8.3K-60.00175.73N/AN/A0010
2025-04-24$99.62$90.0024.5%7.0%51.2%16.5%0.0%9.0%0.7%208-9.0K-40.00175.09N/AN/A0010
2025-04-25$99.34$90.0025.2%7.2%51.2%17.6%0.0%9.2%1.8%214-8.9K-40.00176.06N/AN/A0010
2025-04-28$99.83$90.0027.1%7.8%50.8%20.4%0.0%9.9%-1.3%201-9.1K-40.00176.67N/AN/A0010
2025-04-29$100.45$90.0027.7%8.0%50.8%21.4%0.0%8.3%0.5%178-9.3K-30.00175.42N/AN/A0010
2025-04-30$99.72$90.0028.7%8.2%50.8%22.9%0.0%8.2%-3.0%205-9.0K-40.00177.22N/AN/A0010