XLE Options History — August 2007

In August 2007, XLE traded between $32.55 and $34.91. ATM implied volatility averaged 31.1%, placing in the 72.1% IV rank vs the trailing year. The 30-day expected move averaged 8.8%. IV traded above realized volatility by 0.6% (HV 20d: 30.5%). Max pain ranged from $31.00 to $36.00. Net GEX was positive for 1 of 23 trading days. Term structure was in contango for 12 of 23 days. Put/call ratio averaged 1.48.

Notable Days

  • 2007-08-07: Highest Volume — 237,130 contracts
  • 2007-08-09: Largest IV spike — 16.3% change
  • 2007-08-03: Highest IV Rank — 100.0%
  • 2007-08-16: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.83$32.55$34.91$34.41$34.91
Max Pain$33.67$31.00$36.00$36.00$31.00
ATM IV31.1%24.0%36.6%34.7%25.3%
Expected Move8.8%6.8%10.5%9.9%7.3%
HV 20d30.5%27.2%33.7%27.2%29.8%
HV 60d25.4%23.1%27.3%23.1%27.1%
IV Rank72.1%33.5%100.0%98.6%40.5%
IV Percentile91.4%72.8%100.0%99.3%80.2%
Term Structure-0.1%-1.7%1.1%-1.5%0.8%
VWIV31.4%24.1%38.0%34.9%26.8%
Skew 25d6.0%4.3%7.5%4.8%5.9%
Skew 10d11.7%7.9%16.4%9.4%10.4%
Call IV 25d27.9%21.2%33.6%32.6%23.4%
Put IV 25d33.9%26.5%40.5%37.4%29.3%
Bid-Ask Spread %15.739.7723.2316.0615.88
Gamma HHI0.130.050.270.220.08
Net GEX-58.5M-144.1M1.0M-74.6M1.0M
Net DEX25.7M-1.07B1.43B44.0M-1.07B
Net VEX-13.3M-14.2M-12.2M-13.9M-12.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.480.312.742.181.07
Total Volume105,499.21736,898237,130110,09854,156
Total OI2,626,753.0432,260,3042,970,3782,607,9962,555,568

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-08-01$34.41$36.0034.7%9.9%27.2%98.6%34.9%4.8%-1.5%-74.6M44.0M-13.9M2.1816.0634,60475,494965,7741,642,222
2007-08-02$34.17$36.0033.1%9.5%27.3%89.7%33.7%4.3%-0.8%-86.7M271.7M-14.0M1.7314.0749,50285,492977,7561,682,030
2007-08-03$33.06$36.0036.3%10.4%28.9%100.0%35.7%5.3%-1.7%-89.4M1.03B-14.2M2.0523.2337,36076,444998,6321,734,210
2007-08-06$33.25$34.5035.7%9.8%28.7%96.9%34.8%6.0%0.7%-98.5M927.5M-14.0M2.6814.8960,438162,1141,015,3041,730,038
2007-08-07$34.03$34.0030.3%8.8%30.2%67.6%30.4%5.9%0.3%-108.2M404.0M-13.9M1.9615.5980,076157,0541,032,3801,740,776
2007-08-08$34.67$34.5029.4%8.4%31.1%63.0%29.8%5.6%0.2%-87.1M-205.7M-13.8M0.9318.1843,94840,9121,068,6741,711,900
2007-08-09$33.68$34.5034.2%9.6%31.5%88.6%35.5%6.7%-0.0%-88.7M460.4M-14.0M2.2318.1722,97851,2001,073,4521,698,610
2007-08-10$33.86$34.0034.1%9.7%31.2%88.0%36.0%7.5%0.2%-88.8M241.7M-14.0M1.3816.3651,40271,0001,082,6361,729,206
2007-08-13$33.90$34.0036.5%9.3%31.1%100.0%31.6%6.6%0.3%-105.6M385.9M-13.7M0.9014.8156,90250,9661,113,5001,742,162
2007-08-14$33.67$34.0033.9%9.5%31.0%86.3%32.7%6.2%-0.5%-119.7M655.9M-13.8M0.9814.5641,25640,4621,145,4401,761,028
2007-08-15$32.75$34.0036.6%10.2%30.6%100.0%33.7%6.1%-1.5%-93.6M1.17B-13.6M1.6819.4346,85278,5581,162,6441,770,460
2007-08-16$32.55$34.0036.6%10.5%30.0%100.0%38.0%7.3%-0.7%-71.4M1.43B-13.6M1.6921.1555,04893,1141,181,2561,776,970
2007-08-17$33.75$34.0033.2%9.5%33.7%82.2%33.3%6.4%-0.7%-144.1M556.7M-13.6M1.2916.5987,998113,7421,200,0421,770,336
2007-08-20$33.67$34.0032.3%9.3%33.5%77.5%32.8%6.9%-0.7%-11.3M-502.1M-13.1M1.8616.3945,76885,000982,1601,278,144
2007-08-21$33.20$34.0031.7%9.1%32.5%74.0%32.6%6.2%-0.3%-18.8M-226.4M-13.3M1.5114.9419,17228,9661,005,8681,331,012
2007-08-22$33.60$34.0028.5%8.2%32.2%57.1%27.9%6.4%-0.1%-16.5M-446.4M-12.9M1.5211.8025,65239,0381,011,7841,331,850
2007-08-23$33.90$34.0025.8%7.4%29.9%43.0%26.4%5.9%0.8%-13.0M-579.6M-12.6M1.2213.3616,59420,3041,017,5461,312,430
2007-08-24$34.63$34.0024.0%6.8%29.1%33.5%24.1%5.3%0.5%-4.3M-958.9M-12.2M0.659.7750,32632,4701,026,7601,317,410
2007-08-27$34.20$31.0024.6%7.1%28.7%37.0%29.4%6.0%1.1%-5.8M-810.2M-12.2M0.3914.5041,28616,0801,049,9661,330,668
2007-08-28$33.38$31.0027.5%7.9%29.8%52.2%27.5%6.6%0.1%-13.9M-402.5M-12.5M2.7414.6015,37642,1461,067,2941,339,664
2007-08-29$34.48$31.0025.1%7.2%32.2%39.2%25.8%5.1%0.9%-3.7M-919.0M-12.3M0.3114.1560,68618,7401,063,4261,348,974
2007-08-30$34.46$31.0026.0%7.4%32.1%44.1%28.2%5.9%0.5%-3.3M-874.6M-12.7M1.1113.3423,59026,2161,114,2061,423,152
2007-08-31$34.91$31.0025.3%7.3%29.8%40.5%26.8%5.9%0.8%1.0M-1.07B-12.7M1.0715.8826,10028,0561,123,1461,432,422