XLF Options History — July 2024

In July 2024, XLF traded between $41.19 and $43.88. ATM implied volatility averaged 14.1%, placing in the 28.6% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 3.5% (HV 20d: 10.6%). Max pain ranged from $41.00 to $42.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 1.20.

Notable Days

  • 2024-07-16: Highest Volume — 368,153 contracts
  • 2024-07-12: Largest IV drop — 5.9% change
  • 2024-07-24: Highest IV Rank — 38.6%
  • 2024-07-30: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.65$41.19$43.88$41.19$43.88
Max Pain$41.41$41.00$42.00$41.00$42.00
ATM IV14.1%13.0%15.1%13.9%14.9%
Expected Move4.1%3.7%4.5%3.9%4.4%
HV 20d10.6%8.9%12.4%8.9%12.2%
HV 60d10.5%9.7%11.0%10.7%10.9%
IV Rank28.6%17.6%38.6%26.5%36.9%
IV Percentile48.0%16.3%75.8%42.9%71.0%
Term Structure-0.4%-5.0%0.8%0.0%-0.8%
VWIV14.7%12.7%16.8%13.9%15.4%
Skew 25d1.9%0.7%2.9%2.6%2.4%
Skew 10d4.5%1.8%6.8%4.9%6.8%
Call IV 25d13.4%12.1%14.6%12.7%14.3%
Put IV 25d15.3%13.5%16.8%15.2%16.7%
Bid-Ask Spread %2.641.897.342.403.12
Gamma HHI0.140.100.160.100.15
Net GEX123.7M74.2M177.9M74.2M131.9M
Net DEX-4.04B-5.74B-2.27B-2.27B-5.09B
Net VEX-33.4M-35.9M-30.6M-35.9M-32.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.200.174.260.671.76
Total Volume140,275.63634,878368,15396,178109,247
Total OI5,496,744.6365,268,8145,816,8425,327,2555,689,379

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-07-01$41.19$41.0013.9%3.9%8.9%26.5%13.9%2.6%0.0%74.2M-2.27B-35.9M0.672.4057,62038,5582,084,5893,242,666
2024-07-02$41.61$41.0013.5%3.7%9.6%22.8%13.3%2.9%-0.9%121.2M-3.06B-34.1M2.212.5129,55065,4372,113,0063,256,664
2024-07-03$41.59$41.0013.5%3.7%9.5%22.7%12.7%2.3%-0.7%108.5M-2.82B-35.5M0.692.6533,85323,2212,120,4683,271,706
2024-07-05$41.50$41.0013.1%3.9%9.6%19.0%13.4%2.0%0.0%128.5M-2.67B-35.2M1.421.9514,42220,4562,115,5743,281,066
2024-07-08$41.47$41.0013.4%4.1%9.6%22.0%13.4%1.9%0.8%91.7M-2.60B-34.9M0.852.0776,64264,7672,090,9453,189,734
2024-07-09$41.78$41.0013.5%3.8%9.8%22.2%14.9%1.9%0.0%110.6M-3.18B-33.3M1.042.1672,22075,1332,097,1113,171,703
2024-07-10$41.80$41.0013.7%3.9%9.6%24.7%13.6%1.5%-0.2%121.3M-3.15B-34.5M0.421.89106,17245,0522,127,1733,202,972
2024-07-11$42.22$41.0013.8%3.9%8.9%25.6%13.9%1.3%-0.3%153.5M-3.84B-33.4M1.067.3445,34148,1932,152,3403,200,735
2024-07-12$42.39$41.0013.0%3.8%9.0%17.6%13.1%0.9%0.4%177.9M-4.19B-32.3M0.882.3990,86380,2812,157,4743,228,135
2024-07-15$42.91$41.0013.3%3.8%9.6%20.7%14.0%0.7%0.3%142.1M-4.65B-31.6M0.702.18126,73488,8762,133,5663,244,915
2024-07-16$43.45$41.0013.9%4.0%10.0%26.4%16.0%1.1%-0.5%150.3M-5.43B-30.6M0.172.00315,04653,1072,224,0523,268,167
2024-07-17$43.78$41.0014.1%4.0%9.9%28.2%15.1%0.9%-0.3%160.2M-5.74B-31.0M0.692.15157,730108,8472,264,1533,305,397
2024-07-18$43.30$41.0014.7%4.2%11.1%34.7%15.5%1.7%-0.6%170.7M-5.09B-33.1M1.172.30124,924146,7262,315,1973,358,912
2024-07-19$42.84$42.0014.8%4.2%12.0%35.0%15.3%2.0%0.2%101.3M-4.36B-34.5M1.642.2673,279119,9882,347,7073,469,135
2024-07-22$43.11$42.0014.1%4.1%11.9%28.5%14.3%2.0%-0.5%114.6M-4.40B-33.2M0.842.7555,28346,4412,239,4453,324,683
2024-07-23$43.22$42.0014.5%4.1%11.7%32.6%14.1%1.1%0.4%126.9M-4.54B-33.1M2.162.5936,18178,1732,258,0113,332,835
2024-07-24$42.69$42.0015.1%4.4%11.9%38.6%15.8%2.0%-5.0%84.1M-3.64B-34.3M4.262.4314,69962,6812,268,6403,316,392
2024-07-25$42.91$42.0015.1%4.4%11.7%38.4%16.2%2.0%0.1%95.7M-3.98B-34.2M0.472.7678,33436,5472,265,1523,355,328
2024-07-26$43.41$42.0014.5%4.2%12.0%32.8%16.3%2.7%-0.1%121.0M-4.61B-32.7M1.502.9051,41577,1832,232,1083,364,626
2024-07-29$43.36$42.0014.7%4.3%12.1%34.8%16.8%2.5%-0.2%108.8M-4.47B-32.7M0.692.7331,68121,9462,240,0903,371,805
2024-07-30$43.84$42.0015.0%4.5%12.4%37.8%16.6%2.9%-0.2%127.3M-5.11B-32.0M1.152.6638,73844,4772,255,5493,379,077
2024-07-31$43.88$42.0014.9%4.4%12.2%36.9%15.4%2.4%-0.8%131.9M-5.09B-32.2M1.763.1239,51469,7332,276,5793,412,800