XLE Options History — July 2024

In July 2024, XLE traded between $44.48 and $46.88. ATM implied volatility averaged 18.7%, placing in the 27.5% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 3.2% (HV 20d: 15.5%). Max pain ranged from $45.00 to $46.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 1.22.

Notable Days

  • 2024-07-18: Highest Volume — 713,808 contracts
  • 2024-07-31: Largest IV drop — 11.0% change
  • 2024-07-30: Highest IV Rank — 46.5%
  • 2024-07-31: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.68$44.48$46.88$45.63$46.88
Max Pain$45.75$45.00$46.00$45.00$46.00
ATM IV18.7%17.2%20.8%17.6%18.5%
Expected Move5.4%4.7%6.0%5.0%6.0%
HV 20d15.5%13.4%17.2%16.3%17.2%
HV 60d16.4%15.8%17.3%16.1%16.6%
IV Rank27.5%13.9%46.5%18.1%26.1%
IV Percentile29.5%9.9%67.1%14.7%26.2%
Term Structure-0.3%-2.2%0.3%0.0%-0.4%
VWIV18.7%16.1%21.0%17.5%21.0%
Skew 25d1.4%0.1%5.1%1.3%0.6%
Skew 10d2.3%0.6%4.0%2.5%2.4%
Call IV 25d18.2%16.6%20.1%17.1%20.1%
Put IV 25d19.6%18.0%22.0%18.4%20.8%
Bid-Ask Spread %18.016.1231.9325.0827.97
Gamma HHI0.060.060.080.070.06
Net GEX18.3M-58.9M141.2M27.7M85.2M
Net DEX-226.0M-1.48B720.2M-356.3M-908.9M
Net VEX-20.3M-21.7M-18.3M-18.8M-21.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.227.240.690.30
Total Volume169,084.09172,482713,808118,244260,728
Total OI3,711,094.2733,457,9563,996,0943,516,1303,751,136

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-07-01$45.63$45.0017.6%5.0%16.3%18.1%17.5%1.3%0.0%27.7M-356.3M-18.8M0.6925.0870,04848,1961,282,5862,233,544
2024-07-02$45.44$45.0017.2%4.8%13.6%13.9%16.8%0.9%0.3%18.0M-188.1M-19.6M0.3718.17168,68061,6881,329,4342,265,604
2024-07-03$45.77$45.0018.8%4.7%13.4%28.3%16.1%3.3%0.1%43.9M-468.1M-19.9M1.0331.9340,70041,9581,367,2462,299,616
2024-07-05$44.97$46.0017.3%5.0%15.0%15.0%17.5%1.5%-0.4%-30.5M339.4M-20.0M0.419.55118,99448,6301,374,7682,299,012
2024-07-08$44.80$46.0018.1%5.2%14.9%22.0%17.9%1.9%0.3%-30.4M414.2M-19.8M2.316.1235,15481,1181,423,4962,307,988
2024-07-09$44.48$46.0017.9%5.2%15.1%20.3%17.8%1.7%0.2%-58.9M718.7M-20.1M0.498.4378,18838,0761,432,7702,358,574
2024-07-10$44.53$46.0018.1%5.3%14.9%22.7%18.8%1.4%0.3%-58.2M720.2M-20.2M2.1815.7238,49284,0261,425,1542,379,074
2024-07-11$45.16$45.5018.2%5.1%15.8%23.5%16.6%2.3%0.1%-4.0M64.2M-20.5M1.0822.7063,69868,7441,441,5242,403,796
2024-07-12$45.27$45.5017.3%5.0%15.1%15.7%17.3%5.1%0.3%3.3M-81.4M-19.9M0.7013.1379,88655,8761,449,8262,416,182
2024-07-15$46.11$45.5018.3%5.3%16.2%24.1%18.4%0.4%-0.3%82.1M-1.03B-18.3M0.4812.84182,14087,4861,388,7702,387,046
2024-07-16$46.09$45.5017.9%5.1%15.6%20.7%18.2%0.6%-0.1%80.5M-1.00B-18.6M0.9421.9056,90653,3221,422,1582,405,772
2024-07-17$46.64$45.5018.9%5.4%15.9%29.1%19.0%0.1%-0.3%133.3M-1.45B-19.3M0.5023.80140,43470,1561,435,1142,433,968
2024-07-18$46.66$46.0019.0%5.4%16.0%30.3%19.2%0.1%0.1%141.2M-1.48B-19.1M7.2426.8686,644627,1641,459,1282,460,452
2024-07-19$46.11$46.0019.2%5.5%15.4%32.5%20.2%0.5%0.0%35.1M-751.0M-21.2M1.5221.4872,392110,3821,459,3442,536,750
2024-07-22$45.94$46.0019.2%5.3%15.3%32.1%18.5%2.2%-0.7%1.1M-50.6M-20.8M0.849.3356,22447,5121,118,0162,339,940
2024-07-23$45.17$46.0019.1%5.5%14.8%31.6%19.5%1.1%-1.9%-44.4M493.9M-21.4M1.2419.9553,69866,6821,152,3142,371,326
2024-07-24$45.13$46.0020.3%5.8%14.8%42.1%20.0%0.8%-1.4%-47.3M562.9M-21.5M0.8019.3040,16832,3141,160,6222,404,728
2024-07-25$45.94$46.0019.6%5.8%15.9%35.4%20.4%1.0%-0.2%1.8M-143.9M-21.3M1.7711.8640,76472,3441,175,2442,411,620
2024-07-26$46.08$46.0019.3%5.6%15.9%33.3%19.6%1.8%-0.1%6.5M-158.1M-21.5M0.7411.3849,87836,9301,179,8042,459,224
2024-07-29$45.72$46.0020.2%5.9%16.1%40.6%20.5%1.8%-0.4%-13.5M193.4M-21.7M1.0214.6639,57040,1981,157,3862,442,560
2024-07-30$46.47$46.0020.8%5.9%17.0%46.5%20.8%1.3%-2.2%31.2M-409.2M-21.4M0.2223.95142,37431,2881,181,3882,460,070
2024-07-31$46.88$46.0018.5%6.0%17.2%26.1%21.0%0.6%-0.4%85.2M-908.9M-21.1M0.3027.97201,22459,5041,280,8362,470,300