XLE Options History — September 2016

In September 2016, XLE traded between $33.43 and $35.95. ATM implied volatility averaged 20.6%, placing in the 14.0% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 0.4% (HV 20d: 21.0%). Max pain ranged from $34.25 to $34.50. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.44.

Notable Days

  • 2016-09-29: Highest Volume — 382,414 contracts
  • 2016-09-09: Largest IV spike — 24.9% change
  • 2016-09-14: Highest IV Rank — 26.7%
  • 2016-09-14: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.42$33.43$35.95$34.09$35.40
Max Pain$34.27$34.25$34.50$34.50$34.25
ATM IV20.6%16.6%24.0%20.5%19.3%
Expected Move5.9%4.9%6.9%6.0%5.6%
HV 20d21.0%15.3%27.7%15.3%27.3%
HV 60d21.6%20.4%23.1%21.0%21.7%
IV Rank14.0%0.0%26.7%12.2%9.6%
IV Percentile20.1%0.0%42.9%17.9%13.5%
Term Structure0.1%-0.1%0.4%0.1%0.1%
VWIV21.2%17.9%24.9%21.4%19.9%
Skew 25d4.2%3.6%5.1%4.3%4.1%
Skew 10d8.2%6.7%9.7%8.4%9.7%
Call IV 25d19.0%15.4%22.3%18.6%17.8%
Put IV 25d23.2%19.3%27.1%22.8%22.0%
Bid-Ask Spread %11.893.6560.5159.256.00
Gamma HHI0.070.050.110.070.06
Net GEX2.1M-61.6M67.1M-50.4M31.5M
Net DEX-327.4M-1.48B409.2M-106.5M-1.12B
Net VEX-10.8M-11.4M-9.9M-10.6M-11.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.440.483.061.931.25
Total Volume200,734.57188,050382,414254,274205,514
Total OI2,453,499.2382,090,2402,763,5962,439,9042,540,716

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-09-01$34.09$34.5020.5%6.0%15.3%12.2%21.4%4.3%0.1%-50.4M-106.5M-10.6M1.9359.2586,746167,5281,014,4941,425,410
2016-09-02$34.47$34.5018.1%5.1%15.3%3.4%17.9%3.9%0.2%-57.4M-360.5M-10.7M1.5460.5139,14260,2241,047,4141,501,050
2016-09-06$34.99$34.2517.9%5.3%15.5%2.5%20.7%4.5%0.4%13.3M-758.1M-10.1M1.523.6534,99453,0561,015,4021,470,352
2016-09-07$35.24$34.2517.4%5.2%15.4%0.9%20.1%4.0%0.3%27.3M-952.6M-10.3M1.395.8343,01459,6001,030,6541,472,488
2016-09-08$35.95$34.2516.6%4.9%15.9%0.0%19.0%3.9%0.3%67.1M-1.48B-9.9M1.699.2793,116157,2821,042,1641,482,774
2016-09-09$34.98$34.2520.7%6.0%18.5%14.8%21.1%5.1%0.2%25.5M-719.3M-10.7M1.984.6264,554128,0421,070,1941,511,402
2016-09-12$35.24$34.2519.9%5.8%18.6%11.9%20.2%4.5%0.3%25.2M-896.0M-10.5M1.296.4959,16076,3241,063,6301,530,648
2016-09-13$34.16$34.2523.7%6.8%21.7%25.7%24.9%5.1%-0.1%-40.2M-40.6M-10.6M2.677.9976,508204,0761,080,0221,545,816
2016-09-14$33.77$34.2524.0%6.9%22.0%26.7%23.6%4.8%-0.1%-61.6M338.3M-10.6M1.879.0371,176133,1781,099,5301,609,018
2016-09-15$34.22$34.2521.7%6.2%22.6%18.4%21.3%4.0%0.0%-31.0M20.9M-10.9M0.687.55164,496112,5081,119,9301,632,568
2016-09-16$33.79$34.2522.0%6.3%21.4%19.5%21.9%4.2%-0.0%-34.9M409.2M-10.9M0.934.38103,72296,9241,100,2781,663,318
2016-09-19$33.81$34.2521.9%6.3%21.3%19.3%21.5%4.2%-0.0%-3.1M48.0M-11.0M1.504.3571,028106,408972,6821,117,558
2016-09-20$33.53$34.2522.6%6.5%21.2%21.8%22.9%4.0%-0.1%-12.7M207.2M-11.0M1.584.4459,31493,654994,5861,158,298
2016-09-21$34.23$34.2520.5%5.9%22.5%14.3%21.4%4.0%0.0%9.8M-223.7M-11.3M1.048.2564,87267,3541,028,8361,187,006
2016-09-22$34.31$34.2519.5%5.6%22.6%10.4%18.8%3.6%-0.1%24.8M-321.6M-11.4M0.757.85118,23289,0741,059,9221,204,284
2016-09-23$33.81$34.2521.0%6.0%23.1%15.7%20.5%3.7%-0.1%-500.8K108.9M-11.2M0.939.99125,016116,0741,021,5241,244,032
2016-09-26$33.67$34.2522.0%6.4%23.1%19.6%22.0%4.2%-0.0%1.3M150.9M-11.3M1.086.5955,39859,8241,082,9621,252,624
2016-09-27$33.43$34.2521.5%6.2%23.0%17.6%22.2%3.8%-0.1%-14.5M363.8M-10.9M0.486.70165,96679,5941,105,7761,271,890
2016-09-28$34.84$34.2520.3%5.9%27.7%13.5%21.2%4.0%-0.0%62.4M-734.4M-10.9M0.9811.28136,576133,7441,040,4361,297,386
2016-09-29$34.93$34.2520.8%6.0%27.0%15.0%22.2%4.3%0.0%62.4M-815.2M-11.1M3.065.6094,200288,2141,070,6061,343,804
2016-09-30$35.40$34.2519.3%5.6%27.3%9.6%19.9%4.1%0.1%31.5M-1.12B-11.4M1.256.0091,168114,3461,069,8701,470,846