XLE Options History — December 2024

In December 2024, XLE traded between $41.88 and $47.38. ATM implied volatility averaged 19.4%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 1.4% (HV 20d: 17.9%). Max pain ranged from $44.00 to $46.50. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.29.

Notable Days

  • 2024-12-04: Highest Volume — 461,926 contracts
  • 2024-12-11: Largest IV spike — 12.5% change
  • 2024-12-19: Highest IV Rank — 48.5%
  • 2024-12-19: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.06$41.88$47.38$47.22$42.77
Max Pain$44.96$44.00$46.50$46.00$44.00
ATM IV19.4%16.3%23.0%18.1%19.2%
Expected Move5.6%4.6%6.6%4.6%5.6%
HV 20d17.9%16.7%23.1%21.1%17.7%
HV 60d20.1%19.0%21.4%19.8%19.0%
IV Rank24.9%4.7%48.5%16.7%23.5%
IV Percentile49.0%5.6%91.7%24.6%47.6%
Term Structure-0.5%-9.9%6.4%-1.1%-4.5%
VWIV20.1%17.3%24.7%17.8%19.8%
Skew 25d1.3%-0.6%4.9%1.1%1.7%
Skew 10d5.5%-8.1%27.3%4.1%2.7%
Call IV 25d18.8%13.6%23.0%17.4%19.1%
Put IV 25d20.1%17.6%24.8%18.5%20.7%
Bid-Ask Spread %15.093.9032.0632.0621.42
Gamma HHI0.080.050.180.080.05
Net GEX-77.9M-247.1M83.4M73.9M-29.7M
Net DEX1.57B-1.09B3.88B-881.8M1.44B
Net VEX-21.6M-22.1M-21.1M-21.7M-21.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.290.243.621.540.24
Total Volume192,363.71469,364461,926117,268144,410
Total OI4,382,830.7623,733,6364,828,1324,367,1383,859,264

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-12-02$47.22$46.0018.1%4.6%21.1%16.7%17.8%1.1%-1.1%73.9M-881.8M-21.7M1.5432.0646,09071,1781,648,5122,718,626
2024-12-03$47.38$46.2517.4%5.0%20.5%11.7%18.7%1.2%0.5%83.4M-1.09B-21.5M2.5726.9626,34467,6861,656,1262,727,384
2024-12-04$46.10$46.5018.8%5.4%23.1%21.3%19.1%1.5%0.3%-22.8M289.7M-21.6M0.405.78329,554132,3721,665,3282,772,776
2024-12-05$46.44$45.0017.5%5.2%16.7%12.8%18.8%1.8%0.2%14.3M-133.7M-21.9M1.0410.0245,62847,2721,725,6482,805,510
2024-12-06$45.56$45.0018.1%5.5%17.8%16.5%19.2%0.9%0.2%-87.7M839.9M-22.0M0.925.9093,89486,3361,739,7082,823,212
2024-12-09$45.55$45.0018.2%5.4%17.8%17.4%19.1%4.9%0.5%-59.5M706.2M-21.4M3.6210.2838,770140,3321,700,4422,804,882
2024-12-10$45.25$45.0016.3%5.6%17.5%4.7%19.6%2.0%6.4%-93.0M1.10B-21.8M0.898.3936,74632,6181,703,2982,914,590
2024-12-11$45.25$45.0018.4%5.5%17.5%18.2%19.2%-0.5%0.6%-89.2M1.10B-21.8M0.973.9057,70256,2281,715,0262,928,994
2024-12-12$44.95$45.0019.0%5.6%17.2%22.6%19.8%-0.6%0.6%-116.6M1.42B-21.8M1.1019.1175,39282,9781,727,3902,931,936
2024-12-13$44.61$45.0019.2%5.6%17.3%23.8%20.0%0.1%0.4%-155.7M1.74B-22.1M0.6117.3161,46637,5441,746,3222,956,386
2024-12-16$43.64$45.0019.3%5.6%18.5%24.5%20.5%-0.2%-4.3%-225.6M2.67B-21.1M2.0616.0978,436161,8621,725,0042,954,950
2024-12-17$43.28$45.0020.3%5.8%17.0%30.9%21.0%0.6%-0.0%-247.1M2.99B-21.3M0.714.38176,464125,4421,753,5622,959,988
2024-12-18$42.17$45.0022.6%6.5%18.5%45.8%23.9%0.9%-1.7%-239.1M3.81B-21.7M0.6519.24114,58274,7821,859,6582,963,028
2024-12-19$41.88$45.0023.0%6.6%17.6%48.5%24.7%1.8%-0.8%-227.3M3.88B-21.5M1.4420.56126,712182,8921,907,2322,920,900
2024-12-20$42.13$45.0021.4%6.1%16.8%38.3%22.0%2.0%0.1%-103.3M3.03B-21.4M0.676.49133,12088,5961,956,7502,813,646
2024-12-23$42.00$45.0020.2%5.8%16.7%30.5%21.2%1.4%0.8%-59.6M2.49B-21.4M1.4915.1189,664133,8301,484,3162,249,320
2024-12-24$42.34$44.5019.5%5.4%16.9%25.7%18.9%0.5%0.4%-28.3M1.87B-21.7M0.4310.08111,52447,7961,540,6822,207,702
2024-12-26$42.19$44.0019.2%5.5%16.8%23.8%17.3%2.8%0.7%-6.8M1.94B-21.6M2.2720.2765,232147,8521,589,0922,202,002
2024-12-27$42.19$44.0020.8%5.7%16.8%34.0%20.0%1.3%1.0%-1.8M1.92B-22.0M2.8725.0785,688245,9541,616,2022,221,192
2024-12-30$42.31$44.0020.4%5.9%16.8%31.7%21.1%1.8%-9.9%-14.1M1.81B-21.6M0.5718.5188,57650,0941,582,6482,260,212
2024-12-31$42.77$44.0019.2%5.6%17.7%23.5%19.8%1.7%-4.5%-29.7M1.44B-21.7M0.2421.42116,89427,5161,593,6762,265,588