XLE Options History — August 2014

In August 2014, XLE traded between $47.49 and $49.35. ATM implied volatility averaged 14.5%, placing in the 38.1% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 1.2% (HV 20d: 15.7%). Max pain ranged from $46.00 to $48.50. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 2.48.

Notable Days

  • 2014-08-05: Highest Volume — 99,100 contracts
  • 2014-08-29: Largest IV drop — 16.3% change
  • 2014-08-07: Highest IV Rank — 67.7%
  • 2014-08-07: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.42$47.49$49.35$47.90$49.35
Max Pain$47.21$46.00$48.50$46.00$47.00
ATM IV14.5%10.4%18.1%17.6%10.4%
Expected Move4.8%4.5%5.2%5.0%4.5%
HV 20d15.7%13.2%17.3%14.1%13.2%
HV 60d12.7%11.8%13.0%11.8%12.9%
IV Rank38.1%3.7%67.7%63.8%3.7%
IV Percentile47.0%0.4%96.8%95.2%0.4%
Term Structure0.1%-0.5%0.6%-0.5%0.2%
VWIV17.6%15.9%21.0%16.1%16.1%
Skew 25d2.9%2.0%4.6%3.3%4.4%
Skew 10d5.3%3.9%7.1%6.3%6.2%
Call IV 25d13.5%9.9%16.7%16.6%9.9%
Put IV 25d16.4%13.4%20.6%19.9%14.2%
Bid-Ask Spread %20.6815.2630.2930.2920.60
Gamma HHI0.230.170.300.170.24
Net GEX-166.5M-222.4M-115.1M-222.4M-115.1M
Net DEX910.2M65.4M1.89B1.89B65.4M
Net VEX-9.3M-10.9M-7.8M-10.9M-7.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.480.528.212.182.72
Total Volume55,064.57117,53899,10093,13828,194
Total OI1,616,704.2861,533,1561,699,6261,682,0321,638,042

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-08-01$47.90$46.0017.6%5.0%14.1%63.8%16.1%3.3%-0.5%-222.4M1.89B-10.9M2.1830.2929,28463,854333,6381,348,394
2014-08-04$48.70$46.0015.7%4.9%15.4%48.0%16.5%3.6%0.1%-183.7M911.0M-9.5M1.7523.2124,72443,216325,1741,223,340
2014-08-05$47.69$46.5017.4%5.2%17.0%62.4%17.6%4.6%-0.4%-193.6M1.63B-10.0M4.1318.9619,31279,788333,2541,224,990
2014-08-06$47.81$47.5017.8%5.2%16.8%65.8%17.5%3.1%0.1%-192.6M1.52B-10.4M1.2323.8433,29040,810345,1981,257,612
2014-08-07$47.49$48.5018.1%5.2%16.7%67.7%19.1%3.6%-0.0%-190.8M1.70B-10.5M2.3315.2620,22847,162365,4781,276,514
2014-08-08$48.09$47.0017.5%4.8%17.3%63.2%21.0%3.2%-0.3%-174.2M1.14B-10.3M2.2721.7318,98643,072374,6601,269,348
2014-08-11$48.33$47.0016.5%5.1%17.0%54.8%18.1%2.7%0.5%-179.9M1.09B-10.0M2.2517.159,15420,624370,7561,278,114
2014-08-12$47.96$47.5016.5%5.1%17.1%54.3%20.4%3.2%0.3%-190.0M1.37B-9.9M0.5216.0922,87011,988376,4521,286,616
2014-08-13$48.10$47.5015.2%5.1%16.0%44.1%18.1%2.7%0.6%-177.4M1.20B-9.8M2.3317.5610,81025,212393,0001,291,414
2014-08-14$47.83$47.0014.4%5.0%15.2%36.7%19.5%2.7%0.2%-200.4M1.46B-9.6M2.5022.0522,90057,162390,5181,288,010
2014-08-15$48.19$47.0014.4%4.9%15.5%37.0%16.8%2.9%0.5%-174.7M1.17B-9.8M1.2020.1940,55048,568400,8901,298,736
2014-08-18$48.31$47.5013.6%4.8%15.6%30.8%16.0%2.5%-0.3%-162.5M818.6M-8.8M2.4926.1218,00644,924333,4461,199,710
2014-08-19$48.69$47.5012.6%4.7%15.6%21.7%18.1%2.3%-0.1%-161.7M584.7M-8.8M2.4116.5716,72840,280339,0021,228,228
2014-08-20$48.79$47.5012.7%4.6%15.3%22.7%17.5%2.1%0.1%-144.8M485.9M-8.7M5.8320.4512,10870,642342,5541,226,042
2014-08-21$48.83$47.5012.5%4.6%15.3%21.3%17.4%2.0%0.2%-153.2M449.8M-8.7M1.6719.2518,43030,738348,5821,238,196
2014-08-22$48.51$47.5012.6%4.6%15.3%22.3%18.8%2.5%0.1%-158.9M637.2M-8.7M0.9023.789,2548,284360,6421,240,174
2014-08-25$48.94$47.5012.3%4.6%15.7%19.2%16.9%2.7%-0.2%-139.6M350.6M-8.4M1.0720.918,5449,184354,3321,231,736
2014-08-26$49.19$47.5012.3%4.5%15.8%19.2%16.0%2.0%0.2%-122.8M182.0M-8.1M1.4722.699,29613,708359,3941,238,030
2014-08-27$49.10$47.5012.5%4.5%15.7%21.3%16.2%2.3%-0.2%-125.5M211.3M-7.8M2.6518.2110,20227,048363,3121,238,156
2014-08-28$49.09$47.0012.4%4.6%13.6%20.5%15.9%2.7%-0.0%-133.6M239.0M-8.2M8.2119.365,13042,092369,7761,249,330
2014-08-29$49.35$47.0010.4%4.5%13.2%3.7%16.1%4.4%0.2%-115.1M65.4M-7.8M2.7220.607,57020,624370,2081,267,834