XLE Options History — November 2024

In November 2024, XLE traded between $44.02 and $48.70. ATM implied volatility averaged 19.5%, placing in the 25.5% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded below realized volatility by 0.6% (HV 20d: 20.1%). Max pain ranged from $45.00 to $46.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.97.

Notable Days

  • 2024-11-04: Highest Volume — 367,982 contracts
  • 2024-11-13: Largest IV drop — 10.8% change
  • 2024-11-04: Highest IV Rank — 55.9%
  • 2024-11-01: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.11$44.02$48.70$44.02$47.78
Max Pain$45.60$45.00$46.00$45.00$46.00
ATM IV19.5%16.6%24.1%23.3%17.8%
Expected Move5.6%5.1%7.3%7.3%5.1%
HV 20d20.1%15.1%22.0%16.2%20.8%
HV 60d20.2%18.5%20.9%18.5%19.9%
IV Rank25.5%6.7%55.9%50.3%14.7%
IV Percentile44.1%7.1%95.6%93.3%20.6%
Term Structure0.5%-0.4%3.7%0.9%-0.4%
VWIV19.8%17.5%26.2%26.2%17.5%
Skew 25d0.5%-0.5%1.4%0.2%1.2%
Skew 10d0.6%-2.6%2.3%0.8%2.3%
Call IV 25d19.2%16.9%24.2%23.2%16.9%
Put IV 25d19.7%17.7%24.7%23.4%18.1%
Bid-Ask Spread %24.138.1236.2918.778.12
Gamma HHI0.110.060.270.060.08
Net GEX171.9M-56.8M306.3M-56.8M118.5M
Net DEX-1.89B-3.20B1.05B1.05B-1.57B
Net VEX-24.1M-27.0M-22.1M-27.0M-22.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.293.060.291.84
Total Volume165,456.746,658367,982173,43654,024
Total OI4,645,2404,288,7304,917,6364,879,2944,405,706

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-11-01$44.02$45.0023.3%7.3%16.2%50.3%26.2%0.2%0.9%-56.8M1.05B-27.0M0.2918.77134,05039,3862,120,4462,758,848
2024-11-04$44.77$45.5024.1%6.9%17.5%55.9%24.1%0.5%-0.1%13.8M168.4M-26.4M1.4722.30148,874219,1081,956,4082,729,858
2024-11-05$44.95$45.5022.9%6.4%15.1%48.1%23.2%0.1%-0.2%38.7M-41.1M-26.7M0.9017.86119,524107,2922,049,3882,775,290
2024-11-06$47.01$45.5020.6%6.0%22.0%33.0%21.3%-0.3%0.5%233.3M-2.65B-25.2M0.4224.91256,922108,4522,079,5202,787,800
2024-11-07$46.65$45.5019.4%5.6%22.0%25.3%19.3%-0.1%-0.4%222.5M-2.05B-25.3M0.7228.9773,20452,3762,094,2042,788,920
2024-11-08$46.75$45.5019.4%5.6%22.0%25.0%19.9%-0.4%-0.1%214.1M-2.13B-25.2M1.1521.4372,03883,0962,106,0562,811,580
2024-11-11$47.13$45.5019.1%5.5%22.0%23.2%19.3%0.1%0.2%257.6M-2.45B-24.3M0.8514.9767,61857,6282,058,4062,787,548
2024-11-12$46.98$45.5020.9%5.5%19.5%35.1%19.3%-0.1%-0.4%250.7M-2.22B-24.2M0.9319.3370,86066,1722,059,2462,802,338
2024-11-13$47.34$45.5018.7%5.5%19.6%20.2%19.0%0.6%0.2%290.8M-2.66B-23.7M0.7517.3557,19843,1262,045,0182,796,802
2024-11-14$47.42$45.5017.8%5.3%19.6%14.7%18.6%-0.5%0.3%306.3M-2.74B-23.4M3.0636.2928,61487,5742,047,2882,811,202
2024-11-15$47.28$45.5018.4%5.6%19.6%18.8%19.7%0.3%0.3%301.8M-2.33B-24.3M0.9427.6565,79262,1722,047,6582,868,242
2024-11-18$48.05$46.0018.6%5.3%20.1%19.6%19.3%1.2%0.5%151.7M-2.34B-23.3M1.2126.6494,966115,3761,686,8382,601,892
2024-11-19$47.67$45.5018.9%5.4%20.5%22.1%19.0%1.0%0.5%148.7M-2.13B-23.7M1.2327.1720,90825,7501,754,8222,629,980
2024-11-20$48.13$45.5018.8%5.4%20.3%20.8%18.6%1.2%3.3%181.3M-2.59B-23.3M0.8029.1337,26229,9361,761,7002,646,940
2024-11-21$48.70$45.5018.8%5.4%20.5%21.4%19.0%1.0%0.4%208.6M-3.20B-22.9M0.4226.94157,52865,6781,771,1962,658,412
2024-11-22$48.67$45.5018.4%5.2%20.5%18.4%18.3%0.6%0.3%195.3M-3.03B-23.3M0.3628.72184,47665,5981,762,6442,692,850
2024-11-25$47.70$46.0018.4%5.2%21.8%18.5%17.9%1.4%0.4%137.1M-1.79B-23.1M0.5422.43155,34883,8181,736,4282,648,902
2024-11-26$47.62$46.0016.6%5.2%20.9%6.7%18.2%0.8%3.7%109.9M-1.49B-22.7M1.1134.2739,45243,7981,686,3642,690,254
2024-11-27$47.65$46.0018.4%5.1%20.9%18.2%18.2%1.3%-0.3%113.5M-1.52B-22.1M0.4329.4379,57034,5701,682,2562,705,550
2024-11-29$47.78$46.0017.8%5.1%20.8%14.7%17.5%1.2%-0.4%118.5M-1.57B-22.2M1.848.1219,05234,9721,679,1342,726,572