FEX Options History — August 2025

In August 2025, FEX traded between $110.15 and $115.28. ATM implied volatility averaged 26.4%, placing in the 19.4% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 14.5% (HV 20d: 11.9%). Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 10 of 21 days.

Notable Days

  • 2025-08-13: Largest IV drop — 70.6% change
  • 2025-08-12: Highest IV Rank — 64.4%
  • 2025-08-01: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$113.24$110.15$115.28$110.15$115.03
ATM IV26.4%16.5%56.1%27.9%23.6%
Expected Move5.3%4.3%8.0%8.0%6.8%
HV 20d11.9%10.7%13.3%10.7%11.0%
HV 60d11.1%10.1%12.4%12.0%10.7%
IV Rank19.4%4.4%64.4%21.6%15.1%
IV Percentile60.0%15.1%98.8%82.5%70.6%
Term Structure-2.3%-13.3%3.6%-13.3%-4.8%
Skew 25d3.6%1.6%5.9%3.7%3.4%
Skew 10d4.9%2.0%9.7%4.9%8.2%
Call IV 25d19.4%16.2%37.3%37.3%17.2%
Put IV 25d23.0%20.4%41.0%41.0%20.7%
Bid-Ask Spread %154.32144.03195.49195.49144.03
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
2025-08-01$110.15$0.0027.9%8.0%10.7%21.6%0.0%3.7%-13.3%0000.00195.49N/AN/A0000
2025-08-04$111.93$0.0030.9%4.3%11.9%26.2%0.0%4.2%3.6%0000.00154.49N/AN/A0000
2025-08-05$111.74$0.0032.5%4.4%11.9%28.5%0.0%4.8%2.4%0000.00154.96N/AN/A0000
2025-08-06$111.92$0.0034.2%4.4%11.8%31.2%0.0%4.6%2.3%0000.00154.82N/AN/A0000
2025-08-07$111.69$0.0036.3%4.5%11.8%34.3%0.0%4.9%1.7%0000.00155.64N/AN/A0000
2025-08-08$111.82$0.0038.8%4.5%11.5%38.1%0.0%4.1%1.9%0000.00155.73N/AN/A0000
2025-08-11$111.70$0.0049.7%4.7%11.5%54.6%0.0%5.2%0.6%0000.00155.97N/AN/A0000
2025-08-12$113.11$0.0056.1%4.7%11.6%64.4%0.0%2.7%1.5%0000.00152.51N/AN/A0000
2025-08-13$114.06$0.0016.5%4.7%11.8%4.4%0.0%1.8%1.3%0000.00150.01N/AN/A0000
2025-08-14$113.52$0.0016.8%4.8%11.8%4.8%0.0%1.8%-4.3%0000.00151.27N/AN/A0000
2025-08-15$113.34$0.0017.1%4.9%11.9%5.2%0.0%2.0%3.2%0000.00151.76N/AN/A0000
2025-08-18$113.51$0.0017.8%5.1%11.8%6.3%0.0%1.9%-5.0%0000.00151.56N/AN/A0000
2025-08-19$113.30$0.0018.2%5.2%11.4%6.9%0.0%3.3%1.9%0000.00152.13N/AN/A0000
2025-08-20$113.37$0.0018.5%5.3%11.2%7.3%0.0%4.4%-4.9%0000.00153.39N/AN/A0000
2025-08-21$112.84$0.0018.9%5.4%11.3%7.9%0.0%5.9%-5.4%0000.00154.39N/AN/A0000
2025-08-22$115.17$0.0018.8%5.4%13.2%7.9%0.0%1.6%-5.3%0000.00148.64N/AN/A0000
2025-08-25$114.63$0.0020.0%5.7%13.3%9.6%0.0%4.7%-6.4%0000.00151.83N/AN/A0000
2025-08-26$114.69$0.0020.4%5.8%13.2%10.2%0.0%5.3%-6.6%0000.00151.54N/AN/A0000
2025-08-27$115.19$0.0020.8%6.0%12.9%10.8%0.0%3.3%-6.6%0000.00150.41N/AN/A0000
2025-08-28$115.28$0.0021.2%6.1%12.9%11.5%0.0%2.7%-6.8%0000.00150.05N/AN/A0000
2025-08-29$115.03$0.0023.6%6.8%11.0%15.1%0.0%3.4%-4.8%0000.00144.03N/AN/A0000