XLE Options History — June 2023

In June 2023, XLE traded between $38.66 and $41.06. ATM implied volatility averaged 22.8%, placing in the 2.6% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 0.7% (HV 20d: 22.1%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.96.

Notable Days

  • 2023-06-02: Highest Volume — 198,886 contracts
  • 2023-06-20: Largest IV spike — 6.9% change
  • 2023-06-01: Highest IV Rank — 13.5%
  • 2023-06-01: Largest Expected Move — 8.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.95$38.66$41.06$38.85$40.61
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV22.8%20.5%26.9%26.9%20.5%
Expected Move6.6%5.5%8.2%8.2%5.5%
HV 20d22.1%19.9%23.8%21.2%22.7%
HV 60d26.1%23.0%28.6%28.0%23.0%
IV Rank2.6%0.0%13.5%13.5%0.0%
IV Percentile1.6%0.0%9.1%9.1%0.0%
Term Structure0.3%-1.1%0.9%-0.6%0.7%
VWIV23.2%19.5%28.5%27.0%19.5%
Skew 25d2.8%1.3%5.4%5.4%2.2%
Skew 10d5.2%2.7%8.9%8.9%4.5%
Call IV 25d21.9%19.5%25.0%24.8%19.5%
Put IV 25d24.7%21.7%30.2%30.2%21.7%
Bid-Ask Spread %3.603.054.983.123.24
Gamma HHI0.060.050.080.080.05
Net GEX-39.1M-111.0M58.4M-111.0M13.7M
Net DEX744.1M-243.8M1.97B1.97B-126.9M
Net VEX-21.0M-22.3M-20.1M-21.8M-20.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.402.280.401.22
Total Volume134,574.85775,540198,886130,340150,756
Total OI4,591,398.8573,459,3825,552,4065,063,5963,786,634

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-06-01$38.85$40.0026.9%8.2%21.2%13.5%27.0%5.4%-0.6%-111.0M1.97B-21.8M0.403.1292,96237,3781,905,7023,157,894
2023-06-02$39.92$40.0026.4%8.1%23.0%11.4%28.5%4.2%-1.1%-39.2M914.6M-22.3M0.493.40133,68065,2061,973,0943,166,146
2023-06-05$39.72$40.0024.5%7.1%20.6%4.2%24.8%3.7%0.2%-48.9M1.12B-21.4M0.933.2072,92467,9301,923,3403,145,404
2023-06-06$39.98$40.0023.0%6.7%20.7%0.0%23.4%3.5%0.4%-41.6M953.2M-21.3M1.034.3044,04045,2301,940,7403,246,810
2023-06-07$41.06$40.0022.3%6.5%22.8%0.0%24.2%2.4%0.4%58.4M-243.8M-21.3M0.703.6182,85257,7941,955,2523,270,664
2023-06-08$40.88$40.0022.4%6.6%22.3%0.3%23.5%2.5%0.3%41.2M33.9M-21.7M1.233.4849,70261,0562,037,6003,353,652
2023-06-09$40.72$40.0022.7%6.6%21.3%1.5%23.2%2.5%0.2%15.9M231.5M-21.7M1.053.7236,93638,6042,067,6603,422,010
2023-06-12$40.27$40.0023.5%6.7%21.8%4.6%24.5%2.8%-0.1%-73.4M866.7M-21.3M1.334.1660,91081,0341,956,6143,383,984
2023-06-13$40.53$40.0022.8%6.6%21.8%1.7%23.1%2.2%0.2%-41.3M532.6M-21.3M0.563.3686,10247,9981,990,9503,435,492
2023-06-14$40.02$40.0022.8%6.6%20.5%1.7%23.2%2.0%0.3%-108.6M1.16B-20.8M1.164.9856,55065,7042,014,2283,451,434
2023-06-15$40.55$40.0022.4%6.5%19.9%0.6%23.2%1.6%0.1%-40.5M510.8M-20.9M0.683.1285,01257,5762,029,5443,458,564
2023-06-16$40.42$40.0021.6%6.3%19.9%0.0%22.4%1.3%0.4%-47.4M667.1M-20.6M0.723.5890,59465,0902,070,4443,481,962
2023-06-20$39.23$40.0023.1%6.6%22.6%5.5%23.5%3.0%0.6%-60.7M1.34B-20.1M0.913.5485,11277,4021,342,1562,117,226
2023-06-21$39.59$40.0021.9%6.3%22.9%1.2%20.9%2.3%0.7%-40.7M853.5M-20.4M2.283.7853,260121,3961,383,3222,093,536
2023-06-22$38.98$40.0021.9%6.2%23.1%1.2%22.2%3.0%0.8%-73.5M1.25B-20.1M0.973.0589,32086,4521,405,0342,125,448
2023-06-23$38.66$40.0022.1%6.2%23.2%1.7%22.4%3.0%0.9%-91.5M1.38B-20.3M1.704.0250,26485,4241,456,0682,154,016
2023-06-26$39.41$40.0022.4%6.2%23.8%2.8%22.9%3.1%0.4%-48.6M796.1M-20.4M0.773.1691,83270,4701,423,5522,153,494
2023-06-27$39.52$40.0022.2%6.1%23.8%2.2%22.1%2.9%0.6%-45.3M720.2M-20.7M0.893.3541,06436,4081,459,3162,212,660
2023-06-28$39.86$40.0021.7%6.0%23.4%0.5%21.4%2.8%0.5%-27.8M482.7M-20.6M0.593.1959,15234,6241,479,0262,236,346
2023-06-29$40.19$40.0021.4%5.9%22.8%0.0%20.7%2.5%0.4%-9.7M226.0M-20.9M0.684.2265,75444,5181,505,8902,246,468
2023-06-30$40.61$40.0020.5%5.5%22.7%0.0%19.5%2.2%0.7%13.7M-126.9M-20.5M1.223.2467,83282,9241,519,8302,266,804