XLE Options History — July 2009

In July 2009, XLE traded between $22.26 and $25.68. ATM implied volatility averaged 31.5%, placing in the 4.2% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 2.4% (HV 20d: 29.1%). Max pain ranged from $23.00 to $25.50. Net GEX was positive for 10 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 1.36.

Notable Days

  • 2009-07-15: Highest Volume — 218,916 contracts
  • 2009-07-06: Largest IV spike — 15.8% change
  • 2009-07-07: Highest IV Rank — 10.3%
  • 2009-07-08: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.01$22.26$25.68$24.05$25.31
Max Pain$23.95$23.00$25.50$25.50$24.50
ATM IV31.5%27.7%38.1%27.9%28.6%
Expected Move9.1%8.0%10.9%8.0%8.2%
HV 20d29.1%25.0%32.5%28.2%25.0%
HV 60d34.9%32.3%36.0%35.5%32.3%
IV Rank4.2%0.7%10.3%0.8%1.5%
IV Percentile8.2%0.4%31.3%0.4%2.4%
Term Structure1.3%0.1%3.8%3.8%1.6%
VWIV32.3%28.3%38.6%28.3%29.8%
Skew 25d4.4%3.0%5.4%3.7%3.2%
Skew 10d9.1%5.3%10.4%5.3%10.0%
Call IV 25d29.8%25.6%35.9%26.3%27.4%
Put IV 25d34.3%30.0%40.9%30.0%30.7%
Bid-Ask Spread %9.165.2412.067.8910.47
Gamma HHI0.080.060.120.090.07
Net GEX-10.0M-33.9M10.6M-15.8M5.1M
Net DEX461.9M-328.7M1.32B578.3M-116.6M
Net VEX-8.3M-9.0M-7.8M-8.5M-9.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.360.662.851.111.42
Total Volume126,061.18247,786218,916133,68870,368
Total OI2,671,666.0912,266,1423,081,8282,553,1502,623,028

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-07-01$24.05$25.5027.9%8.0%28.2%0.8%28.3%3.7%3.8%-15.8M578.3M-8.5M1.117.8963,48070,2081,198,5621,354,588
2009-07-02$23.08$25.5030.1%8.6%29.5%2.9%30.7%3.0%3.5%-21.6M919.9M-8.2M1.5311.5769,272105,9921,229,5361,377,214
2009-07-06$22.84$23.5034.8%10.2%29.5%7.3%36.0%5.0%0.8%-25.9M1.07B-8.0M1.277.6970,19888,8801,256,7321,429,254
2009-07-07$22.26$23.5038.1%10.7%30.2%10.3%38.6%5.0%0.8%-25.7M1.25B-7.8M2.856.2753,486152,3301,271,0241,447,152
2009-07-08$22.27$23.5037.6%10.9%29.7%9.9%38.3%5.0%0.1%-33.0M1.32B-8.0M1.018.00108,824109,8821,292,4401,544,230
2009-07-09$22.50$23.5034.9%10.5%29.8%7.4%36.4%5.4%0.9%-31.4M1.17B-8.2M0.835.2468,73057,0901,337,9061,574,638
2009-07-10$22.34$23.0033.8%10.4%27.9%6.4%35.9%5.4%0.8%-33.9M1.30B-8.1M0.6611.1975,22649,5341,357,2801,588,894
2009-07-13$22.68$23.0036.9%10.2%29.3%9.2%35.7%4.9%1.0%-30.7M1.13B-8.1M1.426.9641,50858,7601,393,2981,605,972
2009-07-14$22.98$23.0032.8%9.8%29.3%5.4%34.1%4.6%1.0%-28.7M984.0M-8.1M0.7410.4769,77451,5901,398,8041,609,478
2009-07-15$23.80$23.0032.7%9.5%32.1%5.3%34.7%5.1%0.9%-13.6M554.4M-8.4M1.629.3983,708135,2081,413,4961,615,214
2009-07-16$24.09$23.5032.2%9.2%32.2%4.8%32.2%4.5%1.2%-10.2M453.5M-8.5M0.959.1257,68054,5341,423,3561,658,472
2009-07-17$24.23$23.5031.5%9.0%32.3%4.2%31.3%4.2%1.4%4.6M337.1M-8.2M0.7912.0666,37252,4541,400,1921,624,626
2009-07-20$24.64$23.5030.0%8.6%32.5%2.8%30.6%4.0%0.9%1.4M40.1M-8.1M1.3210.3548,32063,6321,038,7801,227,362
2009-07-21$24.86$24.0028.7%8.2%26.4%1.6%29.5%4.6%1.2%3.8M-37.3M-8.2M1.388.9854,54875,2661,056,3301,242,406
2009-07-22$24.63$24.0028.8%8.3%26.7%1.7%28.7%4.1%1.2%-423.9K95.8M-8.3M1.229.6838,60847,1361,080,7061,282,164
2009-07-23$25.33$24.5028.2%8.1%28.2%1.2%29.5%4.3%1.2%5.5M-159.6M-8.4M1.038.3865,35467,5601,088,4101,297,394
2009-07-24$25.59$24.5027.7%8.0%27.6%0.7%29.1%4.7%1.5%8.5M-272.1M-8.4M1.408.7030,22442,3601,118,5161,332,346
2009-07-27$25.68$24.5028.8%8.2%27.4%1.7%29.3%4.3%1.0%10.6M-328.7M-8.4M1.598.2518,47029,3161,129,7261,329,346
2009-07-28$25.30$24.5028.5%8.2%28.0%1.5%29.3%4.1%0.9%6.3M-129.2M-8.3M1.6910.5523,24239,3861,132,7541,338,326
2009-07-29$24.72$24.5030.0%8.6%29.3%2.8%30.7%4.0%1.2%731.3K72.4M-8.3M2.129.4343,03491,1861,140,4941,347,716
2009-07-30$25.07$24.5030.0%8.6%29.7%2.8%31.2%4.4%1.4%3.7M-70.5M-8.8M1.9810.9337,08473,5321,168,7981,399,694
2009-07-31$25.31$24.5028.6%8.2%25.0%1.5%29.8%3.2%1.6%5.1M-116.6M-9.0M1.4210.4729,08641,2821,185,4281,437,600