XLF Options History — February 2007

In February 2007, XLF traded between $28.68 and $30.84. ATM implied volatility averaged 11.4%. The 30-day expected move averaged 3.3%. IV traded above realized volatility by 0.9% (HV 20d: 10.6%). Max pain ranged from $29.24 to $30.06. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 16 of 19 days. Put/call ratio averaged 9.78.

Notable Days

  • 2007-02-26: Highest Volume — 313,282 contracts
  • 2007-02-27: Largest IV spike — 72.0% change
  • 2007-02-27: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.30$28.68$30.84$30.32$29.20
Max Pain$29.89$29.24$30.06$30.06$30.06
ATM IV11.4%6.4%22.2%10.2%20.2%
Expected Move3.3%2.1%6.4%2.9%5.8%
HV 20d10.6%8.6%20.7%9.4%20.7%
Term Structure0.4%-3.3%1.7%0.9%-3.0%
VWIV11.7%5.9%20.9%10.4%20.9%
Skew 25d4.5%0.7%6.3%0.7%6.3%
Skew 10d9.1%0.1%16.3%0.1%16.3%
Call IV 25d9.6%6.9%19.0%9.2%17.4%
Put IV 25d14.1%9.9%24.8%9.9%23.7%
Bid-Ask Spread %11.186.8817.518.399.88
Gamma HHI0.240.190.290.230.26
Net GEX-33.6M-105.9M-8.6M-28.0M-98.2M
Net DEX-50.6M-263.2M890.2M-133.3M787.5M
Net VEX-4.6M-7.2M-3.3M-3.4M-7.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.780.7768.781.274.33
Total Volume58,295.0536,789313,28240,69388,410
Total OI1,263,348.8421,096,8881,662,7421,096,8881,588,765

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-02-01$30.32$30.0610.2%2.9%9.4%0.0%10.4%0.7%0.9%-28.0M-133.3M-3.4M1.278.3917,93122,762205,366891,522
2007-02-02$30.37$29.249.7%3.1%9.3%0.0%11.0%5.1%0.9%-19.8M-202.1M-3.3M0.8511.4051,80743,879222,764896,061
2007-02-05$30.37$29.2410.7%3.1%8.6%0.0%6.0%4.5%1.4%-8.6M-263.2M-3.7M1.0313.3321,67122,398269,873909,012
2007-02-06$30.50$29.248.9%2.1%8.6%0.0%12.2%3.2%1.6%-12.8M-253.0M-3.9M1.3311.6328,88038,375252,727881,474
2007-02-07$30.62$29.246.4%2.6%8.6%0.0%10.2%3.8%1.2%-17.0M-255.7M-3.9M17.018.211,39723,767249,050901,922
2007-02-08$30.52$30.069.3%2.7%8.7%0.0%11.3%5.1%1.7%-26.3M-172.1M-4.1M4.0713.133,47414,139249,861921,732
2007-02-09$30.19$30.0612.1%3.5%9.4%0.0%11.7%4.3%0.1%-32.1M-48.5M-4.4M0.7711.2811,2058,655252,653934,984
2007-02-12$30.12$30.0612.8%3.7%9.5%0.0%12.5%4.1%0.2%-36.4M-7.4M-4.6M8.6010.374,69140,352263,408939,466
2007-02-13$30.34$30.0612.2%3.5%9.8%0.0%9.4%5.7%0.8%-33.6M-112.3M-4.5M5.0811.416,36632,326267,538989,618
2007-02-14$30.63$30.0610.0%2.9%10.2%0.0%11.2%4.6%1.4%-29.0M-196.2M-4.5M5.6514.754,98728,180272,8981,000,469
2007-02-15$30.68$30.0610.1%2.9%10.1%0.0%11.5%5.1%1.0%-25.2M-235.5M-4.4M1.5013.772,7184,071274,5561,006,487
2007-02-16$30.67$30.069.9%2.8%10.0%0.0%12.3%5.1%1.5%-26.6M-206.8M-4.5M68.7813.0919613,462276,6221,001,604
2007-02-20$30.84$30.0610.0%2.9%10.1%0.0%10.7%2.6%0.7%-18.7M-241.4M-4.2M2.2910.652,9416,721257,375983,880
2007-02-21$30.71$30.069.9%2.8%10.3%0.0%11.4%5.2%0.3%-21.2M-195.8M-4.3M2.257.844,83310,897258,570989,558
2007-02-22$30.58$30.067.5%2.1%9.9%0.0%5.9%4.4%1.1%-20.3M-204.5M-4.3M1.618.3617,50628,107262,757997,676
2007-02-23$30.30$30.0612.6%3.6%8.9%0.0%12.7%4.4%-0.4%-31.0M-46.0M-5.0M16.5310.486,00299,236279,7321,018,074
2007-02-26$30.08$30.0612.9%3.7%9.4%0.0%13.5%4.7%0.0%-48.4M134.4M-5.5M39.176.887,800305,482285,4361,087,396
2007-02-27$28.68$30.0622.2%6.4%19.5%0.0%17.0%5.9%-3.3%-105.9M890.2M-7.2M3.6617.5117,58164,401290,5981,372,144
2007-02-28$29.20$30.0620.2%5.8%20.7%0.0%20.9%6.3%-3.0%-98.2M787.5M-7.1M4.339.8816,58271,828297,3521,291,413