XLF Options History — May 2017

In May 2017, XLF traded between $23.08 and $23.88. ATM implied volatility averaged 14.6%, placing in the 1.7% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 0.7% (HV 20d: 13.9%). Max pain ranged from $24.00 to $24.00. Net GEX was positive for 1 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.90.

Notable Days

  • 2017-05-17: Highest Volume — 523,048 contracts
  • 2017-05-17: Largest IV spike — 46.0% change
  • 2017-05-17: Highest IV Rank — 5.1%
  • 2017-05-17: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.59$23.08$23.88$23.72$23.25
Max Pain$24.00$24.00$24.00$24.00$24.00
ATM IV14.6%12.8%18.9%13.9%15.9%
Expected Move4.3%3.7%5.4%4.1%4.8%
HV 20d13.9%13.1%17.0%13.4%13.7%
HV 60d14.7%13.8%15.5%15.3%13.9%
IV Rank1.7%0.3%5.1%1.2%2.7%
IV Percentile21.1%0.4%81.3%8.3%46.0%
Term Structure-0.0%-1.7%1.2%0.4%-0.9%
VWIV15.5%13.0%19.6%14.0%17.0%
Skew 25d2.4%1.5%3.8%1.5%3.3%
Skew 10d5.2%3.4%8.5%4.4%4.1%
Call IV 25d13.5%12.2%17.5%13.3%14.0%
Put IV 25d16.0%14.4%20.7%14.8%17.4%
Bid-Ask Spread %15.651.6882.4277.3257.86
Gamma HHI0.200.180.270.210.22
Net GEX-47.4M-148.6M6.2M-46.7M-83.6M
Net DEX269.6M-65.6M1.15B189.1M754.1M
Net VEX-13.4M-14.0M-12.9M-13.9M-12.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.900.454.821.113.12
Total Volume174,487.546,110523,048117,836309,380
Total OI4,656,194.9094,201,8215,143,3694,504,1454,438,331

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-05-01$23.72$24.0013.9%4.1%13.4%1.2%14.0%1.5%0.4%-46.7M189.1M-13.9M1.1177.3255,89461,9421,848,1872,655,958
2017-05-02$23.61$24.0014.4%4.1%13.4%1.5%13.8%2.2%0.0%-57.5M263.3M-13.7M2.0473.3315,15430,9561,875,1482,671,614
2017-05-03$23.82$24.0013.7%4.1%13.7%0.9%14.3%2.4%0.5%-23.8M-54.5M-13.7M1.0582.4267,65771,2561,888,3302,685,723
2017-05-04$23.88$24.0014.2%4.4%13.6%1.3%15.9%2.0%-0.0%-20.9M-65.6M-13.9M1.254.0036,86946,1451,924,9242,704,642
2017-05-05$23.84$24.0013.8%4.3%13.6%1.1%15.3%2.3%0.3%-29.2M-8.0M-14.0M0.855.4242,57635,9811,947,5592,729,448
2017-05-08$23.80$24.0012.8%4.0%13.6%0.3%14.4%2.1%0.8%-20.1M-25.9M-13.2M2.024.9741,30183,3921,951,6782,703,648
2017-05-09$23.69$24.0014.1%4.2%13.6%1.3%14.9%2.3%0.5%-51.2M188.4M-13.3M1.0210.0978,41379,7221,951,7142,747,402
2017-05-10$23.79$24.0012.9%4.0%13.6%0.4%14.6%1.9%0.9%-8.1M-59.8M-13.2M0.651.9378,39851,0072,001,3542,736,701
2017-05-11$23.68$24.0014.0%4.2%13.4%1.2%14.9%1.9%0.2%-39.9M159.3M-13.2M3.911.6848,343189,0802,039,9942,754,965
2017-05-12$23.54$24.0013.9%4.2%13.2%1.1%15.1%2.2%0.7%-100.7M385.5M-13.3M1.651.7976,570126,6262,033,4512,806,178
2017-05-15$23.74$24.0013.9%4.0%13.3%1.2%14.7%2.3%1.0%-18.2M76.9M-13.3M1.201.71122,552147,2182,062,6642,848,260
2017-05-16$23.78$24.0013.0%3.7%13.1%0.4%13.0%2.6%0.8%6.2M-65.3M-13.3M1.451.7459,10985,9472,120,4132,843,075
2017-05-17$23.08$24.0018.9%5.4%17.0%5.1%19.6%2.5%-0.4%-148.6M1.15B-13.7M3.031.95129,942393,1062,134,3972,862,655
2017-05-18$23.20$24.0018.6%5.3%15.7%4.8%19.4%3.8%-0.4%-137.8M1.00B-13.9M2.541.9454,244137,5412,150,0202,959,707
2017-05-19$23.31$24.0016.2%4.8%15.5%2.9%18.2%2.7%-1.7%-76.4M656.4M-13.3M4.031.9546,890188,9392,166,6802,976,689
2017-05-22$23.39$24.0014.5%4.3%14.1%1.6%14.4%3.0%1.2%-62.6M463.2M-13.0M0.662.33145,00696,0061,760,0702,441,751
2017-05-23$23.59$24.0014.7%4.4%14.0%1.8%14.9%2.8%-1.0%-32.2M204.4M-13.4M1.392.3980,109111,3531,824,4732,507,060
2017-05-24$23.59$24.0014.5%4.4%14.0%1.6%14.9%2.8%-0.6%-26.1M172.4M-13.3M0.452.2294,37442,8481,848,1102,523,734
2017-05-25$23.66$24.0014.2%4.3%14.0%1.4%15.5%2.5%-0.8%-4.5M89.0M-13.3M1.282.0840,17151,3491,900,5882,536,923
2017-05-26$23.64$24.0013.9%4.2%13.5%1.1%14.8%2.1%-0.9%-17.7M91.4M-13.3M2.192.0931,32268,6711,912,1272,556,280
2017-05-30$23.46$24.0015.5%4.4%13.5%2.4%16.5%2.3%-1.6%-42.8M365.2M-13.0M4.823.1814,65670,7101,852,6452,551,018
2017-05-31$23.25$24.0015.9%4.8%13.7%2.7%17.0%3.3%-0.9%-83.6M754.1M-12.9M3.1257.8675,116234,2641,855,8922,582,439