XLF Options History — October 2021

In October 2021, XLF traded between $37.92 and $40.73. ATM implied volatility averaged 18.8%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded below realized volatility by 0.5% (HV 20d: 19.2%). Max pain ranged from $37.00 to $39.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.07.

Notable Days

  • 2021-10-14: Highest Volume — 286,845 contracts
  • 2021-10-14: Largest IV drop — 13.0% change
  • 2021-10-04: Highest IV Rank — 30.5%
  • 2021-10-04: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.39$37.92$40.73$38.19$40.32
Max Pain$38.21$37.00$39.00$37.00$39.00
ATM IV18.8%15.9%23.3%22.2%16.5%
Expected Move5.4%4.6%6.6%6.3%4.8%
HV 20d19.2%15.4%22.0%20.7%15.7%
HV 60d17.4%16.3%19.4%19.4%17.0%
IV Rank11.2%0.0%30.5%25.9%2.5%
IV Percentile21.1%0.0%54.0%48.4%2.0%
Term Structure0.1%-0.7%0.9%0.5%0.6%
VWIV19.6%16.8%23.7%23.1%18.4%
Skew 25d4.4%2.5%7.4%6.1%3.7%
Skew 10d9.9%6.0%17.6%13.9%7.3%
Call IV 25d17.4%15.0%20.9%19.8%15.3%
Put IV 25d21.8%17.6%28.3%25.9%19.0%
Bid-Ask Spread %13.332.0640.052.393.69
Gamma HHI0.130.100.240.110.10
Net GEX101.9M53.1M205.4M61.3M57.7M
Net DEX-2.44B-3.44B-1.40B-1.61B-2.80B
Net VEX-22.7M-23.8M-21.7M-23.8M-21.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.070.312.381.142.38
Total Volume189,786.90599,045286,845139,355166,554
Total OI4,823,453.9054,519,6945,165,2994,547,6885,020,102

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-10-01$38.19$37.0022.2%6.3%20.7%25.9%23.1%6.1%0.5%61.3M-1.61B-23.8M1.142.3965,09674,2591,737,4102,810,278
2021-10-04$37.92$38.0023.3%6.6%20.8%30.5%22.7%7.4%0.1%53.1M-1.40B-23.3M1.626.1153,06485,7601,741,0522,778,642
2021-10-05$38.66$38.0021.7%6.0%21.8%23.7%23.7%6.4%-0.0%101.8M-2.04B-23.5M0.5313.0164,92834,1171,763,0342,801,823
2021-10-06$38.56$38.0023.0%6.3%21.8%29.4%21.6%6.9%-0.4%87.7M-1.97B-23.3M1.332.35102,092135,8631,762,3982,846,465
2021-10-07$38.81$38.0020.8%6.0%21.8%19.5%20.4%6.3%0.0%117.8M-2.19B-23.1M0.6819.88164,288111,7521,786,6652,865,283
2021-10-08$39.07$38.0020.6%6.0%21.4%18.7%20.8%5.2%-0.1%205.4M-2.64B-22.9M0.5629.56117,18565,8911,861,6332,965,847
2021-10-11$38.68$38.0021.4%5.9%21.7%22.4%23.0%5.9%-0.7%116.1M-2.08B-23.5M1.186.0373,94787,4431,897,7503,016,564
2021-10-12$38.43$38.0021.4%6.4%21.2%22.3%22.0%5.8%0.9%91.1M-1.75B-23.8M1.762.0674,490131,1561,909,6863,046,163
2021-10-13$38.25$38.0020.3%5.8%20.8%17.4%20.5%5.2%0.1%78.6M-1.40B-23.7M0.3133.39186,54757,2171,936,3273,129,654
2021-10-14$38.84$38.0017.7%5.1%21.4%5.6%18.4%3.8%0.3%139.0M-2.12B-23.0M0.442.11199,59987,2461,934,3573,230,942
2021-10-15$39.55$38.0017.0%4.8%22.0%2.8%17.6%2.9%-0.3%152.1M-3.03B-21.8M0.3840.05167,03162,7261,858,1583,239,120
2021-10-18$39.52$38.0017.4%5.0%18.1%4.4%18.3%3.2%-0.2%83.0M-2.47B-21.7M0.7711.5980,00061,9041,693,8872,917,550
2021-10-19$39.82$38.0016.5%4.7%18.2%0.6%18.9%3.3%-0.2%99.6M-2.62B-21.7M0.542.5274,37740,0351,699,4352,958,649
2021-10-20$40.17$38.0016.9%4.9%17.8%2.3%18.2%3.0%-0.3%131.9M-3.04B-22.3M1.172.4468,29079,8321,762,0303,014,567
2021-10-21$40.04$38.5016.6%4.8%16.5%0.9%16.8%2.9%-0.1%121.6M-2.86B-22.4M2.2235.1874,414164,9641,755,8553,056,922
2021-10-22$40.63$38.5016.0%4.6%17.0%0.0%17.1%2.7%0.0%124.1M-3.44B-22.0M1.425.8797,186137,6581,761,0173,102,814
2021-10-25$40.56$38.5016.1%4.7%16.7%0.3%17.0%3.0%0.6%94.3M-3.10B-22.4M1.7028.1460,099102,3831,721,0033,135,509
2021-10-26$40.73$39.0015.9%4.7%15.4%0.0%16.8%2.5%0.7%81.3M-3.18B-22.1M0.5728.5596,96755,1881,706,4983,178,439
2021-10-27$40.01$39.0016.5%4.9%17.1%2.7%18.5%3.1%0.5%68.3M-2.60B-22.3M0.692.16131,73790,8521,733,9683,178,393
2021-10-28$40.33$39.0016.5%4.8%16.1%2.4%17.0%3.4%0.7%73.8M-2.81B-22.2M1.002.78100,575100,8131,748,8403,227,803
2021-10-29$40.32$39.0016.5%4.8%15.7%2.5%18.4%3.7%0.6%57.7M-2.80B-21.8M2.383.6949,330117,2241,746,2493,273,853