FEX Options History — July 2025

In July 2025, FEX traded between $110.18 and $113.55. ATM implied volatility averaged 22.5%, placing in the 13.4% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 12.6% (HV 20d: 9.9%). Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 12 of 22 days.

Notable Days

  • 2025-07-09: Largest IV drop — 48.3% change
  • 2025-07-08: Highest IV Rank — 28.9%
  • 2025-07-31: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$111.65$110.18$113.55$110.72$112.02
ATM IV22.5%16.9%32.7%25.1%26.5%
Expected Move5.9%4.5%7.6%7.2%7.6%
HV 20d9.9%8.9%10.8%10.2%9.2%
HV 60d15.9%11.5%28.8%28.8%11.5%
IV Rank13.4%5.0%28.9%17.4%19.5%
IV Percentile59.6%20.2%90.9%77.8%80.6%
Term Structure-2.6%-11.9%4.0%-10.4%-5.7%
Skew 25d5.8%-0.0%14.9%-0.0%3.7%
Skew 10d7.6%2.0%15.2%3.9%11.6%
Call IV 25d18.3%8.6%32.0%24.7%32.0%
Put IV 25d24.1%21.1%35.7%24.7%35.7%
Bid-Ask Spread %189.14183.52199.63183.52190.12
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$110.72$0.0025.1%7.2%10.2%17.4%0.0%-0.0%-10.4%0000.00183.52N/AN/A0000
2025-07-02$110.87$0.0025.9%7.4%9.9%18.6%0.0%4.8%-10.8%0000.00184.08N/AN/A0000
2025-07-03$111.68$0.0026.4%4.5%10.1%19.3%0.0%3.0%4.0%0000.00186.57N/AN/A0000
2025-07-07$110.77$0.0031.2%4.7%10.6%26.6%0.0%5.7%3.2%0000.00189.37N/AN/A0000
2025-07-08$111.12$0.0032.7%4.8%10.4%28.9%0.0%7.2%3.9%0000.00188.39N/AN/A0000
2025-07-09$111.42$0.0016.9%4.8%10.3%5.0%0.0%9.0%3.8%0000.00187.69N/AN/A0000
2025-07-10$111.88$0.0017.1%4.9%10.3%5.2%0.0%1.7%2.8%0000.00187.79N/AN/A0000
2025-07-11$111.13$0.0017.4%5.0%10.8%5.8%0.0%3.1%2.6%0000.00190.38N/AN/A0000
2025-07-14$111.34$0.0018.2%5.2%10.8%6.9%0.0%2.7%2.4%0000.00190.05N/AN/A0000
2025-07-15$110.18$0.0018.7%5.4%10.6%7.7%0.0%14.5%2.2%0000.00193.54N/AN/A0000
2025-07-16$110.47$0.0018.9%5.4%9.9%8.1%0.0%14.9%3.3%0000.00193.27N/AN/A0000
2025-07-17$111.31$0.0019.1%5.5%9.7%8.3%0.0%3.9%2.4%0000.00190.40N/AN/A0000
2025-07-18$111.24$0.0019.5%5.6%9.7%8.9%0.0%4.5%1.2%0000.00190.66N/AN/A0000
2025-07-21$111.09$0.0020.7%5.9%9.7%10.7%0.0%7.8%0.2%0000.00192.28N/AN/A0000
2025-07-22$112.18$0.0020.9%6.0%9.9%11.0%0.0%3.1%-7.9%0000.00188.19N/AN/A0000
2025-07-23$112.90$0.0021.2%6.1%9.5%11.5%0.0%9.9%-8.4%0000.00199.63N/AN/A0000
2025-07-24$112.75$0.0021.7%6.2%8.9%12.2%0.0%4.0%-8.8%0000.00187.03N/AN/A0000
2025-07-25$113.55$0.0022.0%6.3%9.1%12.7%0.0%1.4%-9.3%0000.00183.87N/AN/A0000
2025-07-28$113.06$0.0023.9%6.9%9.4%15.6%0.0%4.2%-3.9%0000.00186.23N/AN/A0000
2025-07-29$112.67$0.0024.7%7.1%9.2%16.7%0.0%6.9%-11.4%0000.00187.70N/AN/A0000
2025-07-30$111.88$0.0025.7%7.4%9.2%18.2%0.0%12.3%-11.9%0000.00190.32N/AN/A0000
2025-07-31$112.02$0.0026.5%7.6%9.2%19.5%0.0%3.7%-5.7%0000.00190.12N/AN/A0000