XLF Options History — August 2015

In August 2015, XLF traded between $18.30 and $20.65. ATM implied volatility averaged 17.9%, placing in the 53.6% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 3.7% (HV 20d: 14.2%). Max pain ranged from $20.31 to $20.31. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 2.30.

Notable Days

  • 2015-08-25: Highest Volume — 424,790 contracts
  • 2015-08-24: Largest IV spike — 39.6% change
  • 2015-08-24: Highest IV Rank — 100.0%
  • 2015-08-24: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.92$18.30$20.65$20.40$19.10
Max Pain$20.31$20.31$20.31$20.31$20.31
ATM IV17.9%11.6%33.0%13.7%24.1%
Expected Move5.4%3.4%10.2%3.6%7.6%
HV 20d14.2%9.4%24.8%12.2%24.8%
HV 60d13.5%11.7%17.9%12.0%17.7%
IV Rank53.6%27.3%100.0%39.9%65.8%
IV Percentile67.0%8.7%100.0%49.6%98.8%
Term Structure-0.3%-2.3%2.4%-1.2%-0.5%
VWIV19.1%11.4%36.6%12.9%27.3%
Skew 25d4.9%2.4%10.5%3.4%7.5%
Skew 10d9.8%4.2%22.1%5.6%16.4%
Call IV 25d16.0%10.8%28.5%12.5%20.8%
Put IV 25d20.9%14.5%39.0%15.9%28.2%
Bid-Ask Spread %19.282.4641.289.3218.49
Gamma HHI0.290.160.440.370.16
Net GEX34.0M-56.6M128.3M89.7M-32.2M
Net DEX-21.1M-1.01B1.54B-692.6M831.2M
Net VEX-10.7M-11.6M-9.5M-11.6M-10.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.300.248.192.042.35
Total Volume215,376.85744,089424,79044,08985,096
Total OI4,327,127.7144,116,7714,525,8104,190,6174,476,800

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-08-03$20.40$20.3113.7%3.6%12.2%39.9%12.9%3.4%-1.2%89.7M-692.6M-11.6M2.049.3214,51729,5722,174,3622,016,255
2015-08-04$20.41$20.3113.3%3.6%12.2%37.6%12.6%3.7%-0.1%83.5M-657.3M-11.1M0.466.2775,76335,1992,179,2602,037,930
2015-08-05$20.50$20.3113.0%3.4%10.4%36.0%11.4%3.0%-0.1%104.1M-771.5M-11.2M0.305.8866,56020,2432,209,5492,048,807
2015-08-06$20.45$20.3113.5%4.1%10.2%39.2%13.7%3.3%0.0%94.5M-683.3M-11.5M0.482.46126,51261,0392,214,9032,054,839
2015-08-07$20.45$20.3113.3%4.0%9.7%37.8%14.0%2.4%0.1%85.7M-683.7M-10.4M2.492.7861,012151,7222,123,4152,080,276
2015-08-10$20.65$20.3111.6%3.9%9.4%27.3%12.2%3.8%2.4%128.3M-1.01B-10.6M0.242.75174,90041,4552,130,3182,136,881
2015-08-11$20.43$20.3113.5%4.3%10.2%38.9%13.7%3.9%1.5%93.0M-684.0M-10.8M1.715.60147,125250,8562,166,0592,129,423
2015-08-12$20.30$20.3114.0%4.4%10.1%42.2%14.3%2.9%0.7%29.1M-286.5M-10.9M2.208.3183,489183,5832,135,4672,110,646
2015-08-13$20.37$20.3113.5%4.3%9.5%39.2%17.9%3.4%1.8%45.2M-503.7M-10.5M8.1938.2616,338133,7892,147,5472,152,874
2015-08-14$20.50$20.3113.1%4.1%9.7%36.5%14.2%3.8%2.3%74.4M-646.1M-10.6M3.0937.9662,639193,6982,149,4682,171,845
2015-08-17$20.54$20.3113.7%4.1%9.8%39.9%14.5%4.2%-1.3%80.2M-727.6M-10.6M1.5340.1545,44969,3522,144,1472,212,368
2015-08-18$20.53$20.3114.5%4.3%9.8%45.1%15.1%4.2%-2.3%77.6M-694.3M-10.5M3.0138.5928,84586,7202,163,5852,231,178
2015-08-19$20.31$20.3115.4%4.4%10.2%50.4%17.0%4.3%-0.6%20.0M-302.0M-10.7M5.8041.2810,04258,2122,172,9012,250,716
2015-08-20$19.94$20.3118.2%5.2%11.6%67.1%18.3%4.5%-0.1%-22.2M248.3M-10.5M1.0239.09118,687121,1142,174,9262,289,815
2015-08-21$19.36$20.3123.7%6.9%15.2%99.7%26.5%7.8%-2.2%-23.7M1.14B-10.8M3.2937.9491,791301,8152,183,1292,309,032
2015-08-24$18.56$20.3133.0%10.2%20.6%100.0%36.6%10.5%-1.9%-35.5M1.23B-10.4M3.9018.9181,338317,0182,067,2052,049,566
2015-08-25$18.30$20.3127.9%8.6%20.4%80.4%29.2%8.3%-1.5%-56.6M1.54B-9.5M3.3319.4397,996326,7942,098,2472,143,924
2015-08-26$18.75$20.3125.9%8.1%22.5%72.8%29.9%6.8%-1.1%-53.2M1.27B-10.2M1.4212.41113,813161,9682,135,0762,219,882
2015-08-27$19.22$20.3123.8%7.6%24.8%64.7%25.1%6.3%-1.0%-38.2M838.4M-10.9M0.969.78135,524129,9842,179,4362,271,815
2015-08-28$19.18$20.3123.7%7.5%24.8%64.3%24.7%5.3%-1.1%-29.1M800.6M-10.8M0.599.31133,23978,1062,249,6762,276,134
2015-08-31$19.10$20.3124.1%7.6%24.8%65.8%27.3%7.5%-0.5%-32.2M831.2M-10.7M2.3518.4925,42859,6682,244,4232,232,377