XLF Options History — June 2021

In June 2021, XLF traded between $35.35 and $38.47. ATM implied volatility averaged 18.7%, placing in the 6.4% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 3.0% (HV 20d: 15.7%). Max pain ranged from $35.00 to $38.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.78.

Notable Days

  • 2021-06-30: Highest Volume — 698,387 contracts
  • 2021-06-21: Largest IV drop — 12.3% change
  • 2021-06-18: Highest IV Rank — 20.4%
  • 2021-06-18: Largest Expected Move — 6.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.13$35.35$38.47$38.18$36.66
Max Pain$37.00$35.00$38.00$35.00$36.50
ATM IV18.7%17.0%22.1%18.8%18.3%
Expected Move5.3%4.9%6.4%5.1%5.0%
HV 20d15.7%11.9%17.9%16.7%17.8%
HV 60d15.7%14.6%16.5%15.9%16.3%
IV Rank6.4%0.0%20.4%5.6%5.7%
IV Percentile10.0%0.0%21.4%8.7%8.7%
Term Structure0.1%-0.7%1.0%0.3%0.2%
VWIV19.1%17.6%22.6%17.8%17.6%
Skew 25d2.5%1.4%3.5%2.8%3.5%
Skew 10d5.0%2.3%7.5%5.6%7.5%
Call IV 25d18.1%16.4%21.6%17.8%17.0%
Put IV 25d20.5%17.9%24.7%20.6%20.5%
Bid-Ask Spread %8.331.7135.555.4835.55
Gamma HHI0.130.100.190.190.10
Net GEX95.5M-96.3M231.9M209.7M63.8M
Net DEX-2.26B-4.22B139.5M-4.09B-1.11B
Net VEX-19.3M-21.7M-17.2M-18.2M-21.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.341.700.971.58
Total Volume309,660.545102,430698,387102,430698,387
Total OI5,333,503.54,641,0646,424,7325,248,3665,018,163

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-06-01$38.18$35.0018.8%5.1%16.7%5.6%17.8%2.8%0.3%209.7M-4.09B-18.2M0.975.4851,93450,4962,306,7212,941,645
2021-06-02$38.25$35.0019.0%5.1%16.7%6.3%18.3%2.7%-0.4%220.7M-4.14B-18.8M0.572.23189,488107,5902,318,1462,982,376
2021-06-03$38.42$37.0019.2%5.5%16.3%6.7%19.9%2.4%-0.4%202.6M-4.22B-18.5M0.6427.25182,128116,6772,293,7883,000,747
2021-06-04$38.47$38.0017.7%5.3%15.9%1.8%18.1%2.7%-0.5%231.9M-4.22B-18.3M0.3720.04115,24442,8672,296,9003,038,159
2021-06-07$38.19$38.0017.8%5.2%16.0%2.3%18.0%2.2%0.3%153.4M-3.83B-17.3M0.3411.46123,21441,9432,274,2913,044,446
2021-06-08$38.17$38.0018.2%5.3%15.9%3.7%20.2%2.4%0.2%194.3M-3.91B-18.2M0.982.11126,941124,2672,359,1633,063,944
2021-06-09$37.76$38.0018.8%5.4%14.2%5.4%20.3%2.2%0.3%150.3M-3.35B-19.0M0.751.71151,721114,5382,412,6443,115,226
2021-06-10$37.38$38.0017.9%5.3%14.2%2.5%19.0%1.7%0.6%83.0M-2.68B-19.1M1.092.0075,60582,3722,450,6183,145,226
2021-06-11$37.47$38.0017.0%5.1%12.1%0.0%17.7%1.5%1.0%-20.5M-2.93B-17.4M0.902.0967,72160,9752,483,9983,194,671
2021-06-14$37.07$38.0018.4%5.3%12.0%4.9%18.7%2.3%0.2%68.7M-2.37B-17.9M0.621.75204,081126,4172,440,1673,173,825
2021-06-15$37.32$37.0018.3%5.3%12.2%4.5%19.5%1.8%-0.3%174.2M-2.91B-17.2M0.411.94180,94674,9112,578,3583,236,252
2021-06-16$37.27$37.0018.9%5.4%11.9%6.8%19.6%1.4%0.2%209.4M-2.87B-18.4M0.4716.84423,691198,8332,690,1403,266,767
2021-06-17$36.17$37.0019.9%5.7%15.0%11.4%20.7%2.1%-0.2%-68.9M-1.05B-18.3M1.703.30228,888388,7882,867,4043,347,019
2021-06-18$35.35$37.0022.1%6.4%16.4%20.4%22.6%3.1%-0.7%-96.3M139.5M-20.4M1.102.21313,901345,9922,881,8743,542,858
2021-06-21$35.84$37.0019.4%5.5%17.2%10.0%20.6%3.1%0.4%-32.0M-194.0M-20.9M1.292.35173,577223,1841,953,0852,687,979
2021-06-22$36.00$37.0019.3%5.5%17.0%9.4%19.7%2.9%0.5%-923.8K-449.5M-20.8M0.672.13118,03679,2972,036,9462,647,543
2021-06-23$36.16$36.5018.9%5.3%17.0%7.8%18.7%3.0%0.2%15.0M-619.7M-21.1M0.6334.22121,77576,8172,085,4682,685,891
2021-06-24$36.53$36.5018.6%5.3%17.5%6.9%18.6%2.3%0.4%69.8M-1.15B-20.9M0.352.25177,49562,7272,140,2792,708,624
2021-06-25$36.97$36.5017.4%4.9%17.7%1.7%17.6%2.4%0.4%143.1M-1.64B-20.7M0.412.11142,43459,0642,178,9322,747,996
2021-06-28$36.60$36.5019.1%5.4%17.9%8.8%18.4%2.8%-0.2%54.8M-1.13B-20.7M0.402.07212,71185,4102,035,7862,726,691
2021-06-29$36.53$36.5018.9%5.3%17.7%8.3%18.5%2.7%0.2%75.4M-1.08B-21.5M0.812.06148,489120,9602,164,4822,771,839
2021-06-30$36.66$36.5018.3%5.0%17.8%5.7%17.6%3.5%0.2%63.8M-1.11B-21.7M1.5835.55270,331428,0562,175,9602,842,203