XLE Options History — November 2007

In November 2007, XLE traded between $35.35 and $38.88. ATM implied volatility averaged 32.1%, placing in the 65.0% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded below realized volatility by 7.6% (HV 20d: 39.7%). Max pain ranged from $37.00 to $38.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 2.71.

Notable Days

  • 2007-11-02: Highest Volume — 440,948 contracts
  • 2007-11-12: Largest IV spike — 28.5% change
  • 2007-11-12: Highest IV Rank — 100.0%
  • 2007-11-26: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.71$35.35$38.88$37.23$36.73
Max Pain$37.21$37.00$38.00$38.00$37.00
ATM IV32.1%26.5%41.8%31.6%30.0%
Expected Move9.1%8.2%10.5%9.1%8.6%
HV 20d39.7%30.1%45.5%30.1%42.9%
HV 60d29.5%25.8%32.0%26.3%31.8%
IV Rank65.0%46.9%100.0%73.5%51.2%
IV Percentile91.2%78.4%100.0%92.4%84.3%
Term Structure0.4%-1.0%2.3%-0.9%1.4%
VWIV32.0%29.8%37.0%31.6%30.4%
Skew 25d5.3%4.2%7.7%4.4%5.1%
Skew 10d10.1%8.0%13.5%8.1%9.9%
Call IV 25d29.1%26.6%33.9%28.9%26.8%
Put IV 25d34.4%31.4%39.3%33.3%32.0%
Bid-Ask Spread %12.775.2722.539.2414.39
Gamma HHI0.140.090.170.090.15
Net GEX-114.4M-171.1M-47.5M-47.5M-142.6M
Net DEX405.7M-1.42B1.72B-769.2M347.6M
Net VEX-18.2M-19.3M-16.6M-16.6M-17.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.710.4511.523.930.83
Total Volume168,158.28643,574440,948222,64254,522
Total OI3,703,693.813,192,4504,010,0123,192,4503,943,886

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-11-01$37.23$38.0031.6%9.1%30.1%73.5%31.6%4.4%-0.9%-47.5M-769.2M-16.6M3.939.2445,136177,5061,236,9321,955,518
2007-11-02$37.92$38.0029.1%8.3%30.8%60.6%29.8%4.4%2.3%-52.8M-825.3M-17.2M2.718.34118,760322,1881,226,5242,076,470
2007-11-05$37.62$37.5030.8%9.0%30.7%69.4%31.8%4.8%0.2%-78.5M-488.1M-18.4M2.1510.4820,15843,3301,283,3442,302,594
2007-11-06$38.88$37.0026.5%8.2%32.1%46.9%29.9%4.8%0.1%-51.4M-1.42B-16.8M1.455.2735,49451,4321,250,7922,287,084
2007-11-07$37.27$37.0030.8%8.9%35.2%69.3%29.9%6.2%0.4%-84.6M-360.0M-18.1M1.3910.3042,54059,0941,262,0682,317,448
2007-11-08$37.92$37.0031.7%8.8%35.8%74.2%31.6%5.2%-0.0%-76.2M-696.9M-18.2M4.6914.3245,934215,5701,279,0962,329,768
2007-11-09$37.23$37.0032.5%9.4%36.2%78.4%33.3%6.3%0.2%-112.7M154.2M-19.3M2.4610.8183,250204,7921,292,6002,472,782
2007-11-12$35.42$37.5041.8%10.2%39.7%100.0%36.5%7.7%-0.2%-135.1M1.55B-19.0M3.4316.1342,210144,9101,326,3522,535,900
2007-11-13$36.67$37.5035.3%9.0%42.0%73.3%32.1%5.3%0.2%-147.9M884.7M-18.6M1.3512.1475,838102,6621,333,1402,512,358
2007-11-14$36.62$37.5032.9%9.0%42.0%63.3%31.3%5.4%0.3%-151.7M858.0M-18.5M4.8916.8827,854136,3461,367,1722,521,774
2007-11-15$35.40$37.0033.5%9.6%43.2%65.8%32.7%5.5%0.2%-151.3M1.72B-18.7M2.029.0459,418120,2801,394,2002,574,406
2007-11-16$36.33$37.5030.1%8.6%41.3%51.8%29.9%4.8%0.5%-171.1M1.20B-18.7M1.8315.0662,650114,6361,404,8522,605,160
2007-11-19$35.73$37.0031.9%9.1%41.5%59.1%30.8%4.9%0.1%-125.3M1.13B-18.6M0.4514.3064,84829,3881,167,0902,401,666
2007-11-20$36.88$37.0029.9%8.6%42.8%51.0%30.8%5.5%1.0%-113.1M264.0M-18.5M1.1314.5485,55696,6541,201,3962,394,206
2007-11-21$36.08$37.0031.8%9.1%43.4%58.7%31.9%4.9%1.2%-115.6M762.1M-18.8M2.5617.1021,90856,1581,251,4102,415,510
2007-11-23$37.02$37.0031.3%9.0%44.4%56.8%31.7%4.5%-0.0%-117.2M291.5M-18.1M1.645.4216,52627,0481,250,2082,413,970
2007-11-26$35.74$37.0036.2%10.5%45.5%77.1%37.0%5.4%-1.0%-116.1M1.05B-18.2M11.5212.4928,568329,1421,257,2602,432,472
2007-11-27$35.35$37.0034.4%9.8%45.5%69.7%32.8%6.2%0.1%-131.9M1.38B-18.0M1.7917.7745,60881,5761,263,3662,511,050
2007-11-28$36.23$37.0032.3%9.2%45.1%61.0%34.1%5.2%0.5%-143.3M1.04B-18.2M1.5211.5352,39279,7961,283,6942,564,520
2007-11-29$36.63$37.0030.7%8.8%44.1%54.4%31.2%4.2%1.1%-135.6M452.4M-18.0M3.2322.5325,95283,6941,312,1762,565,356
2007-11-30$36.73$37.0030.0%8.6%42.9%51.2%30.4%5.1%1.4%-142.6M347.6M-17.8M0.8314.3929,77224,7501,315,3942,628,492