XLE Options History — April 2024

In April 2024, XLE traded between $46.92 and $49.06. ATM implied volatility averaged 19.3%, placing in the 24.1% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 7.0% (HV 20d: 12.2%). Max pain ranged from $44.50 to $46.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 0.89.

Notable Days

  • 2024-04-03: Highest Volume — 995,784 contracts
  • 2024-04-12: Largest IV spike — 12.7% change
  • 2024-04-17: Highest IV Rank — 35.0%
  • 2024-04-17: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.03$46.92$49.06$47.67$46.92
Max Pain$45.64$44.50$46.00$44.50$46.00
ATM IV19.3%17.5%20.9%17.5%19.3%
Expected Move5.5%4.7%6.0%4.7%5.7%
HV 20d12.2%9.3%14.8%11.0%14.8%
HV 60d14.7%13.7%16.1%16.1%14.7%
IV Rank24.1%12.9%35.0%12.9%24.4%
IV Percentile17.0%4.4%41.3%4.4%17.1%
Term Structure0.0%-0.4%0.4%0.3%0.1%
VWIV19.5%16.6%21.3%16.6%20.1%
Skew 25d-0.1%-1.3%0.7%0.6%0.7%
Skew 10d0.3%-2.3%2.4%2.4%1.4%
Call IV 25d19.6%17.8%21.8%17.8%19.0%
Put IV 25d19.5%18.3%21.1%18.3%19.7%
Bid-Ask Spread %23.802.9957.953.1332.15
Gamma HHI0.100.080.120.110.08
Net GEX125.7M20.5M181.1M129.4M20.5M
Net DEX-3.41B-4.69B-1.57B-3.53B-1.57B
Net VEX-22.7M-25.2M-18.7M-18.7M-23.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.890.193.090.191.11
Total Volume248,845.45569,530995,784416,678174,718
Total OI4,705,688.1823,905,0985,175,9583,905,0984,751,874

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$47.67$44.5017.5%4.7%11.0%12.9%16.6%0.6%0.3%129.4M-3.53B-18.7M0.193.13350,49266,1861,452,8782,452,220
2024-04-02$48.09$44.5018.4%5.0%9.3%18.5%17.9%-0.1%0.1%155.5M-3.98B-21.4M0.774.47186,160143,4861,671,0702,487,032
2024-04-03$48.59$45.0018.5%4.9%9.5%19.0%17.5%0.0%0.2%176.3M-4.44B-20.8M3.0957.95243,704752,0801,735,4762,598,404
2024-04-04$48.40$45.0019.3%5.6%10.1%24.0%20.0%0.0%0.3%154.5M-4.12B-21.6M0.6124.31170,298103,0501,748,6822,705,372
2024-04-05$49.06$45.0019.2%5.6%10.4%24.0%20.3%-0.9%0.2%169.3M-4.68B-22.1M0.4419.79190,04484,4381,817,1822,784,248
2024-04-08$48.89$45.0018.7%5.4%10.8%20.3%19.3%-0.5%0.2%181.1M-4.69B-21.7M1.432.99100,686144,0881,875,7802,786,152
2024-04-09$48.58$45.0018.4%5.3%11.3%18.8%18.9%-0.6%0.1%176.0M-4.31B-22.1M0.5227.1587,07845,0401,886,8962,869,364
2024-04-10$48.84$46.0019.2%5.5%11.3%23.6%19.4%-0.9%0.1%179.7M-4.64B-22.6M0.6127.43113,88269,6601,943,3902,932,650
2024-04-11$48.77$46.0018.4%5.4%10.9%18.5%18.9%-0.6%0.3%174.9M-4.60B-22.0M0.6732.3899,59066,8721,946,8042,969,926
2024-04-12$48.05$46.0020.7%6.0%12.8%33.8%21.1%-1.3%0.1%119.3M-3.61B-24.2M0.7624.90147,300112,4241,971,9902,993,018
2024-04-15$47.63$46.0020.7%5.9%13.3%33.8%21.1%-0.6%-0.0%106.3M-3.16B-23.6M0.9030.39204,850183,7961,971,8542,933,154
2024-04-16$47.23$46.0020.1%5.8%13.6%29.9%20.3%0.0%-0.2%73.5M-2.62B-24.5M0.7627.19132,418100,4642,044,0282,995,436
2024-04-17$47.09$46.0020.9%6.0%13.4%35.0%21.3%-0.1%-0.2%45.1M-2.38B-25.2M0.9526.9290,11285,2082,028,3803,057,450
2024-04-18$46.95$46.0020.1%5.8%13.5%29.7%20.2%-0.0%-0.1%31.7M-2.25B-24.5M0.6925.5297,58067,7862,052,3983,100,230
2024-04-19$47.47$46.0020.3%5.8%13.9%31.3%20.9%-0.1%-0.0%116.7M-3.01B-24.3M0.5224.88161,65683,3422,084,3223,091,636
2024-04-22$47.81$46.0019.6%5.6%13.9%26.4%19.9%0.3%-0.3%99.4M-2.58B-24.1M0.8317.8858,71048,6301,831,0142,731,668
2024-04-23$47.98$46.0019.3%5.6%13.7%24.1%19.4%0.3%-0.4%115.5M-2.79B-23.5M0.5020.2680,69440,1341,848,7042,753,340
2024-04-24$48.06$46.0019.1%5.5%13.2%23.3%19.3%0.2%-0.2%124.6M-2.93B-22.8M0.5715.8444,38825,1421,846,6522,759,052
2024-04-25$48.38$46.0019.2%5.5%13.3%23.5%19.4%0.2%-0.4%153.3M-3.28B-22.5M0.5724.7184,86448,5561,859,8022,771,024
2024-04-26$48.00$46.0018.4%5.2%12.7%18.3%18.4%0.6%0.3%138.7M-2.93B-22.3M2.1323.7779,418168,9781,876,1642,792,398
2024-04-29$48.09$46.0018.1%5.3%12.3%16.7%18.7%0.5%0.4%124.9M-3.03B-21.7M0.9829.6268,95467,6441,852,7902,863,236
2024-04-30$46.92$46.0019.3%5.7%14.8%24.4%20.1%0.7%0.1%20.5M-1.57B-23.4M1.1132.1582,71092,0081,868,3642,883,510