XLE Options History — February 2007

In February 2007, XLE traded between $28.32 and $29.50. ATM implied volatility averaged 21.1%. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 1.9% (HV 20d: 19.2%). Max pain ranged from $28.00 to $29.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 1.58.

Notable Days

  • 2007-02-09: Highest Volume — 336,850 contracts
  • 2007-02-27: Largest IV spike — 26.3% change
  • 2007-02-27: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.06$28.32$29.50$29.15$28.45
Max Pain$28.55$28.00$29.50$28.50$29.50
ATM IV21.1%19.5%25.5%20.2%23.1%
Expected Move6.2%5.6%7.3%5.8%6.6%
HV 20d19.2%13.7%23.4%23.4%19.1%
Term Structure0.4%-1.5%2.3%2.3%0.0%
VWIV21.5%19.1%23.0%21.5%22.6%
Skew 25d2.2%1.4%2.9%2.2%1.4%
Skew 10d3.6%2.3%5.1%4.9%3.7%
Call IV 25d20.6%18.9%24.0%19.4%22.3%
Put IV 25d22.7%20.7%26.5%21.6%23.7%
Bid-Ask Spread %13.088.0040.6110.1221.60
Gamma HHI0.200.120.300.180.12
Net GEX50.1M15.3M81.4M46.3M15.3M
Net DEX-765.6M-1.19B68.1M-1.14B66.5M
Net VEX-11.4M-12.0M-10.8M-11.4M-11.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.580.176.412.181.00
Total Volume110,236.42123,466336,850113,91656,722
Total OI2,594,853.3682,333,0002,889,4062,424,6022,636,030

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-02-01$29.15$28.5020.2%5.8%23.4%0.0%21.5%2.2%2.3%46.3M-1.14B-11.4M2.1810.1235,84878,0681,299,8301,124,772
2007-02-02$29.32$28.0019.5%6.4%22.2%0.0%21.6%2.4%0.2%44.5M-1.19B-11.4M0.2711.0867,60418,5661,306,6661,167,020
2007-02-05$29.29$28.0019.9%6.4%22.2%0.0%22.9%2.6%0.7%56.0M-1.19B-11.3M0.8010.4013,02010,4461,360,2501,143,730
2007-02-06$29.20$28.0020.1%6.5%22.2%0.0%22.5%2.4%0.0%54.0M-1.10B-11.2M1.948.0024,47847,4001,360,7961,145,720
2007-02-07$29.02$28.5020.2%6.5%22.1%0.0%22.5%2.5%0.5%49.0M-909.9M-11.2M6.4110.6525,950166,3921,360,2361,155,868
2007-02-08$29.32$28.5022.2%6.4%20.7%0.0%22.6%2.0%0.5%49.8M-980.2M-12.0M1.109.2243,88448,0921,368,9961,299,100
2007-02-09$29.20$28.5023.0%6.6%20.6%0.0%22.6%2.1%0.6%48.7M-929.2M-11.9M0.1711.27288,50448,3461,386,8601,287,862
2007-02-12$28.79$28.0022.8%6.5%19.9%0.0%23.0%1.8%0.4%54.3M-752.7M-12.0M1.9611.9227,33453,6141,578,4001,311,006
2007-02-13$29.21$28.5021.8%6.3%19.8%0.0%21.8%2.5%0.4%67.9M-946.6M-11.6M1.1511.3933,13038,2141,474,1141,321,416
2007-02-14$29.21$28.5021.1%6.1%19.6%0.0%21.8%2.6%0.4%79.1M-1.04B-11.5M2.689.0033,30289,3821,473,3141,328,148
2007-02-15$29.00$28.5021.0%6.0%19.6%0.0%21.0%1.4%0.5%35.5M-610.0M-11.3M2.3411.4327,26863,8341,471,0961,366,142
2007-02-16$29.00$28.5020.6%5.9%17.3%0.0%20.3%1.9%0.3%45.4M-610.6M-11.4M0.889.4148,37842,6801,484,2941,388,960
2007-02-20$28.68$28.5020.0%5.7%17.7%0.0%19.9%1.8%1.2%31.5M-229.8M-10.8M0.809.3946,15637,0281,264,8281,068,172
2007-02-21$28.99$28.5020.4%5.7%15.6%0.0%20.1%1.8%0.5%47.0M-485.8M-11.1M2.578.5335,77291,8421,288,9581,081,720
2007-02-22$29.25$29.0019.8%5.7%15.8%0.0%19.1%2.1%-0.1%57.3M-697.9M-11.3M0.2515.5567,20217,1161,304,1641,134,888
2007-02-23$29.32$29.0019.7%5.6%13.7%0.0%20.0%2.0%-0.1%69.9M-840.8M-11.4M0.9913.6046,61246,2581,346,1161,135,572
2007-02-26$29.50$29.0020.2%5.8%13.8%0.0%19.5%2.9%0.1%81.4M-1.04B-11.4M0.8215.4031,15025,6521,366,0441,164,820
2007-02-27$28.32$29.0025.5%7.3%20.4%0.0%22.9%2.4%-1.5%19.2M68.1M-11.3M1.7540.6179,854139,3941,373,8301,172,476
2007-02-28$28.45$29.5023.1%6.6%19.1%0.0%22.6%1.4%0.0%15.3M66.5M-11.5M1.0021.6028,35828,3641,409,6701,226,360