XLE Options History — February 2024

In February 2024, XLE traded between $41.58 and $43.20. ATM implied volatility averaged 19.9%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 2.2% (HV 20d: 17.7%). Max pain ranged from $41.00 to $41.50. Net GEX was positive for 7 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.30.

Notable Days

  • 2024-02-15: Highest Volume — 947,160 contracts
  • 2024-02-13: Largest IV spike — 8.0% change
  • 2024-02-20: Highest IV Rank — 15.0%
  • 2024-02-13: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.38$41.58$43.20$41.63$43.08
Max Pain$41.02$41.00$41.50$41.00$41.00
ATM IV19.9%18.9%21.3%20.7%19.1%
Expected Move5.6%5.3%6.0%6.0%5.3%
HV 20d17.7%15.7%19.4%18.7%16.7%
HV 60d18.0%17.5%18.3%18.3%18.1%
IV Rank8.5%3.2%15.0%12.2%4.3%
IV Percentile13.5%1.6%30.6%19.0%3.2%
Term Structure0.3%-0.6%3.5%0.2%-0.3%
VWIV19.9%18.1%22.5%22.5%18.1%
Skew 25d1.5%0.6%2.3%1.8%1.2%
Skew 10d3.5%2.0%4.8%4.6%2.4%
Call IV 25d19.1%18.4%20.4%20.0%18.4%
Put IV 25d20.7%19.4%22.2%21.8%19.6%
Bid-Ask Spread %2.151.853.403.402.11
Gamma HHI0.100.060.210.100.06
Net GEX-5.5M-81.2M140.6M-37.8M18.2M
Net DEX113.3M-632.1M874.5M733.3M-402.2M
Net VEX-22.7M-24.0M-21.5M-23.0M-22.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.404.471.001.49
Total Volume204,109.791,548947,160205,32491,548
Total OI3,865,380.43,679,9244,137,2923,679,9244,060,242

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$41.63$41.0020.7%6.0%18.7%12.2%22.5%1.8%0.2%-37.8M733.3M-23.0M1.003.40102,562102,7621,311,8622,368,062
2024-02-02$41.91$41.0019.6%5.7%17.9%7.0%19.8%1.4%0.2%-5.2M381.4M-22.7M0.402.52115,13446,1601,345,0062,414,832
2024-02-05$41.81$41.0020.1%5.8%17.9%9.3%19.0%1.7%0.0%-35.6M553.9M-22.6M0.912.0954,47049,8181,312,3142,389,544
2024-02-06$41.80$41.0019.9%5.7%17.4%8.3%20.3%1.5%0.1%-32.6M555.8M-22.5M0.651.95108,35070,2501,332,0042,390,576
2024-02-07$41.91$41.5018.9%5.5%16.5%3.3%19.2%1.2%0.2%-13.7M364.0M-22.1M1.172.3367,78079,4241,366,6002,418,138
2024-02-08$42.38$41.0018.9%5.5%16.2%3.2%19.4%0.8%0.2%34.6M-192.4M-21.9M0.651.97124,29081,2521,385,3602,455,724
2024-02-09$41.61$41.0018.9%5.5%17.7%3.4%19.5%0.9%0.1%-65.1M769.2M-22.3M0.862.16134,940115,7781,382,0902,468,858
2024-02-12$42.15$41.0019.5%5.6%17.9%6.2%20.4%1.4%0.9%-11.1M169.1M-21.5M0.831.94113,19093,9501,353,6122,466,774
2024-02-13$41.66$41.0021.0%6.0%16.2%13.9%20.9%1.8%0.7%-64.1M751.3M-22.2M0.982.5575,05073,1801,385,1422,477,774
2024-02-14$41.58$41.0020.0%5.7%15.7%8.8%20.9%1.8%3.5%-81.2M874.5M-22.4M1.692.1178,646132,9961,415,2542,512,860
2024-02-15$42.73$41.0020.0%5.7%18.1%8.6%21.2%1.0%0.9%58.8M-487.6M-21.9M4.472.18173,152774,0081,432,9882,561,494
2024-02-16$42.91$41.0019.9%5.6%18.0%8.4%19.9%0.6%1.0%140.6M-632.1M-23.7M0.921.9081,43475,2501,471,9942,665,298
2024-02-20$42.38$41.0021.3%5.8%18.9%15.0%20.2%2.3%-0.3%-45.5M415.2M-24.0M0.742.1157,88042,5701,224,6402,494,444
2024-02-21$43.05$41.0021.2%5.7%19.4%14.6%20.3%2.0%-0.5%-10.6M-184.7M-23.4M0.791.8793,72873,8741,240,6282,512,842
2024-02-22$43.20$41.0020.6%5.6%19.0%11.9%19.7%2.0%-0.0%2.8M-380.2M-23.0M0.592.02122,48672,2061,282,1542,558,746
2024-02-23$43.03$41.0020.0%5.4%18.0%8.8%19.0%2.0%-0.4%43.3M-312.7M-23.2M1.261.9962,60478,9581,356,1062,585,726
2024-02-26$43.20$41.0019.9%5.5%17.9%8.2%19.1%1.8%-0.6%11.3M-479.5M-22.2M1.311.9743,74057,4921,347,2702,572,324
2024-02-27$42.91$41.0019.4%5.4%18.1%6.1%18.8%1.5%-0.2%-1.0M-224.4M-22.5M1.692.0076,382129,1661,366,1122,583,682
2024-02-28$42.77$41.0020.0%5.5%17.6%8.7%19.2%1.6%-0.1%-16.0M-5.8M-23.5M3.551.8534,252121,4821,399,8902,638,642
2024-02-29$43.08$41.0019.1%5.3%16.7%4.3%18.1%1.2%-0.3%18.2M-402.2M-22.6M1.492.1136,81654,7321,410,6302,649,612