XLE Options History — August 2021

In August 2021, XLE traded between $22.80 and $25.03. ATM implied volatility averaged 28.9%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 0.4% (HV 20d: 28.5%). Max pain ranged from $25.00 to $25.50. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.93.

Notable Days

  • 2021-08-19: Highest Volume — 605,578 contracts
  • 2021-08-19: Largest IV spike — 7.6% change
  • 2021-08-19: Highest IV Rank — 22.8%
  • 2021-08-19: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.29$22.80$25.03$24.54$24.26
Max Pain$25.07$25.00$25.50$25.50$25.00
ATM IV28.9%26.8%32.2%31.2%27.5%
Expected Move8.2%7.4%9.1%9.0%7.4%
HV 20d28.5%21.8%32.6%32.6%27.8%
HV 60d28.8%27.6%29.8%29.5%28.9%
IV Rank11.2%3.7%22.8%19.4%6.1%
IV Percentile11.5%1.2%34.9%25.0%4.4%
Term Structure0.4%-0.8%1.9%-0.4%0.3%
VWIV29.8%26.8%34.2%32.3%28.0%
Skew 25d4.2%3.3%6.0%4.9%4.0%
Skew 10d9.2%6.5%14.0%12.1%6.7%
Call IV 25d27.5%25.5%30.1%29.7%26.3%
Put IV 25d31.7%29.0%36.1%34.6%30.3%
Bid-Ask Spread %5.112.3311.284.654.51
Gamma HHI0.080.040.520.050.05
Net GEX1.0M-260.0M60.0M32.4M21.1M
Net DEX149.6M-606.1M1.97B-185.4M20.8M
Net VEX-18.8M-20.8M-16.5M-20.6M-18.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.930.242.480.590.72
Total Volume233,436.54581,778605,578204,818100,316
Total OI6,421,361.6365,399,4867,038,8046,420,7226,026,008

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-08-02$24.54$25.5031.2%9.0%32.6%19.4%32.3%4.9%-0.4%32.4M-185.4M-20.6M0.594.65129,11475,7043,846,5542,574,168
2021-08-03$24.92$25.5030.4%8.5%31.7%16.5%32.2%4.6%-0.1%46.6M-544.8M-20.8M0.953.9999,58695,0623,874,1382,630,416
2021-08-04$24.32$25.5031.3%8.9%32.2%19.5%31.8%4.8%-0.4%11.3M140.9M-20.1M0.553.76110,32860,2403,890,5602,653,946
2021-08-05$24.54$25.0029.8%8.6%32.4%14.2%29.9%3.8%-0.2%19.9M-88.9M-20.3M0.624.37128,16079,5103,926,3102,710,536
2021-08-06$24.75$25.0028.3%8.3%31.4%8.9%30.0%3.4%0.0%38.3M-316.2M-20.2M1.068.6985,07290,1483,947,0402,736,466
2021-08-09$24.45$25.0028.7%8.3%31.5%10.6%29.5%3.5%0.4%17.5M31.3M-19.5M0.772.9586,57666,2483,891,3522,653,400
2021-08-10$24.83$25.0028.6%8.3%32.2%10.1%32.6%3.4%0.2%44.0M-381.5M-19.8M2.4810.82101,256251,1523,917,2722,695,564
2021-08-11$25.03$25.0027.5%8.0%30.3%6.2%28.9%3.3%0.6%60.0M-606.1M-19.6M0.657.49213,962139,9303,936,3642,715,300
2021-08-12$24.97$25.0027.0%7.9%30.0%4.5%32.4%3.3%0.7%59.2M-501.6M-19.4M0.605.72203,474122,9523,970,0602,840,942
2021-08-13$24.70$25.0026.8%7.9%28.3%3.7%28.3%3.5%0.9%31.7M-120.5M-19.3M1.112.3396,110106,7964,001,1682,855,666
2021-08-16$24.21$25.0028.1%8.1%25.3%8.2%27.7%3.7%1.0%-16.6M445.7M-18.7M0.504.94104,54851,9803,994,2322,889,256
2021-08-17$23.96$25.0029.0%8.3%24.8%11.6%30.4%4.4%1.0%-35.9M705.0M-18.4M1.412.8559,71684,3264,003,4942,907,298
2021-08-18$23.59$25.0029.9%8.6%21.8%14.7%31.0%5.3%1.9%-64.3M1.13B-17.8M1.394.1886,222119,6304,013,5842,931,298
2021-08-19$22.80$25.0032.2%9.1%24.4%22.8%34.2%6.0%1.6%-111.2M1.97B-16.7M1.804.10216,458389,1204,012,0802,951,630
2021-08-20$22.96$25.0029.8%8.4%24.7%14.3%29.2%5.4%1.4%-260.0M1.86B-16.5M1.383.42132,952183,5284,036,7443,002,060
2021-08-23$23.82$25.0028.8%7.8%26.9%10.7%27.8%4.5%-0.8%-7.2M437.1M-17.4M1.0611.28124,088131,8942,869,4102,530,076
2021-08-24$24.23$25.0028.4%7.8%27.5%9.3%26.9%4.4%0.3%17.0M-26.5M-17.9M0.533.17123,62265,5682,930,8762,581,684
2021-08-25$24.39$25.0028.2%7.7%27.2%8.8%26.9%4.2%-0.2%25.1M-120.2M-18.2M0.242.89277,21465,6842,990,9462,665,336
2021-08-26$24.07$25.0029.6%8.2%27.3%13.8%31.9%4.5%-0.5%11.9M207.5M-18.2M0.973.3889,88087,0043,036,8782,683,348
2021-08-27$24.67$25.0027.7%7.4%28.2%6.9%27.1%4.0%0.1%48.0M-565.0M-18.8M0.457.46151,13067,5663,273,7942,716,354
2021-08-30$24.45$25.0027.3%7.4%28.3%5.6%26.8%3.6%-0.1%33.6M-204.3M-18.3M0.535.5253,30028,4783,237,8282,718,520
2021-08-31$24.26$25.0027.5%7.4%27.8%6.1%28.0%4.0%0.3%21.1M20.8M-18.0M0.724.5158,23442,0823,280,9822,745,026