FEX Options History — January 2026

In January 2026, FEX traded between $120.02 and $123.76. ATM implied volatility averaged 24.1%, placing in the 14.9% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 12.5% (HV 20d: 11.7%). Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 3 of 20 days.

Notable Days

  • 2026-01-14: Largest IV drop — 67.9% change
  • 2026-01-13: Highest IV Rank — 51.3%
  • 2026-01-02: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$122.66$120.02$123.76$120.02$122.91
ATM IV24.1%15.3%47.9%24.8%20.4%
Expected Move4.9%4.0%7.1%7.1%5.8%
HV 20d11.7%9.8%13.0%11.5%11.7%
HV 60d13.3%12.9%14.1%13.9%13.0%
IV Rank14.9%1.4%51.3%15.9%9.1%
IV Percentile45.3%4.8%96.4%67.9%38.5%
Term Structure-3.7%-10.7%5.8%-10.7%-7.4%
Skew 25d5.1%0.6%20.3%15.0%20.3%
Skew 10d6.7%0.4%26.1%19.1%26.1%
Call IV 25d16.7%8.2%23.2%8.2%9.2%
Put IV 25d21.8%18.3%29.5%23.3%29.5%
Bid-Ask Spread %185.95178.58191.10183.52185.02
Net GEX00000
Net DEX00000
Net VEX00000
Div Yield0.0%0.0%0.0%0.0%0.0%
Total Volume00000
Total OI00000

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$120.02$0.0024.8%7.1%11.5%15.9%0.0%15.0%-10.7%0000.00183.52N/AN/A0000
2026-01-05$121.46$0.0028.5%4.0%12.2%21.6%0.0%4.0%-3.0%0000.00188.56N/AN/A0000
2026-01-06$122.68$0.0027.7%4.0%12.5%20.3%0.0%4.8%-3.3%0000.00185.74N/AN/A0000
2026-01-07$121.38$0.0028.6%5.2%13.0%21.7%0.0%0.6%-1.5%0000.00186.31N/AN/A0000
2026-01-08$121.69$0.0033.3%4.1%13.0%28.9%0.0%1.8%-3.5%0000.00191.10N/AN/A0000
2026-01-09$122.54$0.0033.8%4.1%12.1%29.8%0.0%2.7%-3.6%0000.00188.15N/AN/A0000
2026-01-12$122.50$0.0045.9%4.3%12.0%48.2%0.0%2.8%4.8%0000.00190.58N/AN/A0000
2026-01-13$122.48$0.0047.9%4.3%10.4%51.3%0.0%1.5%5.8%0000.00185.01N/AN/A0000
2026-01-14$122.69$0.0015.3%4.4%10.4%1.4%0.0%2.6%-4.1%0000.00188.00N/AN/A0000
2026-01-15$123.56$0.0015.4%4.4%10.3%1.5%0.0%4.2%-4.3%0000.00184.43N/AN/A0000
2026-01-16$123.16$0.0015.7%4.5%9.8%2.0%0.0%3.2%4.2%0000.00185.10N/AN/A0000
2026-01-20$121.63$0.0016.9%4.8%10.9%3.8%0.0%2.0%-5.1%0000.00189.93N/AN/A0000
2026-01-21$123.52$0.0016.9%4.9%11.9%3.8%0.0%9.3%-5.2%0000.00178.58N/AN/A0000
2026-01-22$123.76$0.0017.2%4.9%11.6%4.2%0.0%2.7%-5.3%0000.00185.32N/AN/A0000
2026-01-23$122.91$0.0017.6%5.1%12.0%4.9%0.0%2.6%-5.5%0000.00183.85N/AN/A0000
2026-01-26$123.66$0.0018.5%5.3%12.1%6.3%0.0%4.6%-6.3%0000.00185.84N/AN/A0000
2026-01-27$123.70$0.0018.9%5.4%11.9%6.9%0.0%5.1%-6.5%0000.00184.68N/AN/A0000
2026-01-28$123.48$0.0019.4%5.6%11.9%7.6%0.0%4.5%-6.3%0000.00187.21N/AN/A0000
2026-01-29$123.56$0.0019.8%5.7%11.9%8.2%0.0%6.8%-7.2%0000.00182.08N/AN/A0000
2026-01-30$122.91$0.0020.4%5.8%11.7%9.1%0.0%20.3%-7.4%0000.00185.02N/AN/A0000