XLE Options History — October 2008

In October 2008, XLE traded between $20.43 and $31.13. ATM implied volatility averaged 87.2%, placing in the 65.8% IV rank vs the trailing year. The 30-day expected move averaged 22.8%. IV traded below realized volatility by 22.1% (HV 20d: 109.3%). Max pain ranged from $25.00 to $35.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 1 of 23 days. Put/call ratio averaged 1.44.

Notable Days

  • 2008-10-15: Highest Volume — 457,564 contracts
  • 2008-10-13: Largest IV drop — 32.5% change
  • 2008-10-09: Highest IV Rank — 100.0%
  • 2008-10-27: Largest Expected Move — 28.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.68$20.43$31.13$31.13$25.70
Max Pain$29.20$25.00$35.00$35.00$25.50
ATM IV87.2%60.9%134.8%60.9%70.8%
Expected Move22.8%17.5%28.7%17.5%20.3%
HV 20d109.3%76.2%136.4%76.2%136.4%
HV 60d74.5%54.4%91.7%54.4%91.7%
IV Rank65.8%44.8%100.0%51.9%46.1%
IV Percentile97.3%92.9%100.0%99.6%92.9%
Term Structure-8.3%-15.1%0.9%-15.1%0.9%
VWIV80.2%57.8%95.3%57.8%74.1%
Skew 25d18.9%6.6%32.5%6.6%15.2%
Skew 10d34.1%13.7%53.2%13.7%30.0%
Call IV 25d69.3%53.9%84.7%53.9%66.3%
Put IV 25d88.2%60.5%110.0%60.5%81.5%
Bid-Ask Spread %35.6512.0383.5425.7319.13
Gamma HHI0.060.040.090.070.04
Net GEX-19.7M-35.5M-12.8M-35.5M-13.9M
Net DEX2.84B1.93B3.50B2.24B1.93B
Net VEX-10.8M-15.8M-7.7M-15.8M-12.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.440.932.351.171.50
Total Volume253,071.043122,070457,564208,876223,308
Total OI4,006,263.8263,342,5144,479,7583,342,5144,339,716

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-10-01$31.13$35.0060.9%17.5%76.2%51.9%57.8%6.6%-15.1%-35.5M2.24B-15.8M1.1725.7396,102112,7741,520,4781,822,036
2008-10-02$29.36$35.0070.3%20.2%78.2%62.8%74.2%13.7%-14.0%-31.1M2.79B-13.9M1.6819.00144,608242,2861,557,9061,852,170
2008-10-03$29.00$35.0069.8%20.0%78.2%62.3%66.8%14.5%-10.8%-34.6M2.98B-13.8M1.9912.63101,020201,0341,627,3461,995,222
2008-10-06$27.45$33.5091.6%20.7%80.0%87.4%70.5%15.7%-9.4%-31.0M3.11B-13.0M1.2638.70150,024189,7201,648,2662,065,954
2008-10-07$25.94$32.0089.9%19.6%78.6%85.4%65.6%12.4%-8.3%-27.2M3.40B-11.1M1.0922.0991,822100,4321,710,1042,082,170
2008-10-08$26.43$31.5091.3%22.4%77.3%87.1%77.4%32.5%-11.4%-25.6M3.32B-11.7M1.1775.80109,918128,8121,730,2562,065,080
2008-10-09$22.63$30.50115.0%28.6%92.0%100.0%93.2%19.7%-13.7%-16.3M3.25B-9.3M1.3362.2293,040124,0401,780,5962,088,460
2008-10-10$21.70$30.50134.8%26.8%90.2%100.0%90.2%26.0%-10.0%-12.8M3.50B-7.9M1.1679.62197,298228,0721,817,9662,126,988
2008-10-13$25.27$29.5091.0%21.0%107.0%63.2%79.8%20.2%-6.3%-24.5M3.22B-10.7M1.1383.54126,114142,0581,922,7282,204,014
2008-10-14$25.30$29.5098.0%20.8%105.3%69.1%73.0%16.1%-6.7%-21.1M3.20B-11.0M1.1613.95124,274144,0341,974,4582,247,148
2008-10-15$21.65$29.50115.3%26.4%116.8%83.6%92.7%23.4%-9.1%-13.0M3.43B-7.7M1.6725.85171,668285,8962,007,3282,245,946
2008-10-16$22.48$28.0092.1%26.4%117.3%64.1%95.3%24.4%-9.1%-16.8M3.21B-9.4M1.7231.11118,114203,2002,081,1682,329,440
2008-10-17$22.97$28.0083.0%23.8%114.3%56.4%80.8%24.5%-6.5%-17.3M3.14B-9.7M1.6683.43112,402186,5862,127,2982,352,460
2008-10-20$25.64$27.5069.2%19.8%123.6%44.8%70.9%15.9%-5.6%-15.1M2.28B-11.7M0.9313.6878,18272,5041,793,8442,043,490
2008-10-21$24.48$27.5070.3%20.2%123.9%45.8%73.2%14.6%-6.9%-15.0M2.52B-10.2M1.1824.3170,17682,8181,829,5742,077,658
2008-10-22$22.10$27.5084.9%24.3%127.3%58.0%85.0%15.9%-7.4%-13.1M2.71B-8.7M1.6016.1971,924115,1141,863,1522,097,068
2008-10-23$23.27$27.5082.8%23.7%129.0%56.3%86.3%17.9%-5.9%-14.5M2.60B-10.0M1.2320.08107,166131,7161,890,8522,157,442
2008-10-24$21.82$26.5090.5%25.9%130.0%62.8%90.7%26.1%-7.1%-14.1M2.68B-9.0M1.3622.4787,822119,1701,923,2482,207,178
2008-10-27$20.43$26.00100.1%28.7%125.2%70.9%95.3%25.3%-11.0%-13.7M2.79B-7.7M1.8042.2658,382105,1481,942,8522,225,166
2008-10-28$23.55$25.5075.7%21.7%135.1%50.3%84.5%20.2%-3.4%-16.1M2.51B-10.2M2.3516.6448,814114,6941,956,7482,226,776
2008-10-29$24.07$25.5081.5%23.4%135.7%55.2%83.6%16.4%-8.5%-17.4M2.46B-10.5M1.1459.61133,872152,4061,967,6042,288,792
2008-10-30$25.18$25.0076.5%21.9%136.0%51.0%83.2%16.5%-5.6%-13.8M1.95B-12.4M1.9512.0341,41480,6562,042,1602,287,762
2008-10-31$25.70$25.5070.8%20.3%136.4%46.1%74.1%15.2%0.9%-13.9M1.93B-12.6M1.5019.1389,164134,1442,051,5862,288,130