XLF Options History — October 2024

In October 2024, XLF traded between $44.83 and $47.63. ATM implied volatility averaged 18.7%, placing in the 54.8% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 5.1% (HV 20d: 13.6%). Max pain ranged from $44.00 to $45.00. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 6 of 23 days. Put/call ratio averaged 1.65.

Notable Days

  • 2024-10-31: Highest Volume — 368,967 contracts
  • 2024-10-07: Largest IV spike — 17.4% change
  • 2024-10-31: Highest IV Rank — 74.0%
  • 2024-10-31: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.47$44.83$47.63$45.14$46.69
Max Pain$44.48$44.00$45.00$45.00$45.00
ATM IV18.7%16.1%21.3%16.4%21.3%
Expected Move5.6%4.7%7.4%4.9%7.4%
HV 20d13.6%12.0%15.1%13.0%15.1%
HV 60d15.5%12.8%16.3%15.6%13.0%
IV Rank54.8%36.2%74.0%38.1%74.0%
IV Percentile92.3%80.2%99.6%81.3%99.6%
Term Structure-0.1%-1.6%3.0%-0.3%-0.6%
VWIV20.3%17.4%25.1%17.8%25.1%
Skew 25d4.4%3.6%5.5%3.6%4.8%
Skew 10d9.6%8.0%11.7%8.0%9.7%
Call IV 25d16.8%14.0%18.9%14.6%18.9%
Put IV 25d21.2%18.2%23.8%18.2%23.8%
Bid-Ask Spread %4.541.6358.542.412.55
Gamma HHI0.120.080.210.100.10
Net GEX40.1M-44.2M143.1M-6.4M-44.2M
Net DEX-4.56B-6.40B-2.70B-3.26B-4.01B
Net VEX-33.7M-37.6M-30.3M-36.2M-36.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.650.404.352.890.78
Total Volume173,093.17437,018368,96758,507368,967
Total OI6,143,115.9135,802,3546,534,5255,802,3546,534,525

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-10-01$45.14$45.0016.4%4.9%13.0%38.1%17.8%3.6%-0.3%-6.4M-3.26B-36.2M2.892.4115,05143,4562,042,8193,759,535
2024-10-02$45.03$45.0016.1%4.7%13.0%36.2%17.4%3.8%3.0%-20.8M-3.17B-35.2M1.292.0169,90289,8972,049,2523,776,656
2024-10-03$44.83$44.0017.3%5.5%12.6%45.0%19.8%4.2%2.7%-39.0M-2.70B-37.6M4.351.6320,21287,8772,080,5963,814,958
2024-10-04$45.66$44.0016.9%5.2%12.8%42.1%19.4%4.4%3.0%28.5M-4.03B-35.0M0.721.8460,85843,8342,078,7033,860,446
2024-10-07$45.05$44.0019.9%5.8%12.6%63.8%19.3%5.5%0.1%-32.0M-3.15B-35.6M0.741.6521,31115,7072,060,8743,861,753
2024-10-08$45.42$44.0019.5%5.8%12.1%60.8%21.4%4.9%0.4%2.7M-3.74B-34.6M0.861.7528,82324,6982,073,6113,865,976
2024-10-09$45.77$44.0019.3%5.5%12.0%59.7%19.0%4.9%-0.3%37.2M-4.22B-34.0M2.151.9635,88977,1052,098,8593,879,914
2024-10-10$45.56$44.0019.7%5.3%12.2%62.3%17.8%5.0%-1.4%17.0M-3.91B-35.0M1.291.8241,89253,8822,122,9173,915,602
2024-10-11$46.55$44.0018.7%5.2%14.1%55.4%20.0%4.3%-1.0%143.1M-5.27B-31.8M0.6058.54155,04492,7202,139,1473,947,201
2024-10-14$46.78$44.0018.5%5.3%13.8%53.7%19.5%4.6%-0.6%124.5M-5.24B-32.1M2.322.2988,009204,1382,139,9853,935,957
2024-10-15$46.91$44.0018.9%5.4%13.8%56.2%19.4%4.2%-0.7%132.8M-5.44B-32.1M0.452.15164,66674,6882,183,6824,107,448
2024-10-16$47.48$44.0019.4%5.6%14.2%60.5%19.9%4.6%-1.6%111.0M-6.15B-30.6M3.261.9768,362222,8512,197,2884,136,556
2024-10-17$47.63$44.0017.4%5.0%13.9%45.3%21.2%4.1%0.4%123.8M-6.35B-30.6M1.421.88127,304180,4882,236,8194,194,227
2024-10-18$47.63$44.0017.2%5.0%13.8%44.3%19.2%3.6%-0.2%77.6M-6.40B-30.3M3.201.6651,163163,7432,269,8644,229,819
2024-10-21$47.20$45.0018.0%5.3%14.2%49.8%18.9%3.8%-0.5%61.4M-4.96B-32.1M1.472.8048,30371,1332,098,2403,909,016
2024-10-22$47.19$45.0018.4%5.5%13.5%52.9%20.4%4.0%-0.7%60.6M-4.80B-33.4M2.872.2754,235155,6192,125,0543,942,411
2024-10-23$47.16$45.0018.8%5.7%13.3%55.5%20.5%4.3%-0.8%65.0M-4.96B-32.2M0.742.0851,08937,6842,165,8463,996,749
2024-10-24$47.14$45.0018.7%5.7%13.3%55.3%20.4%4.1%-0.7%74.0M-4.90B-32.8M2.472.1434,60485,5592,206,0254,013,444
2024-10-25$46.63$45.0019.6%6.1%14.1%62.0%21.0%4.6%-1.0%-26.3M-4.14B-34.2M0.612.50100,43861,3172,231,9284,054,518
2024-10-28$47.23$45.0020.0%6.6%14.6%64.6%22.9%4.5%-0.6%24.8M-4.69B-34.6M2.202.2952,324114,9152,218,0354,022,538
2024-10-29$46.94$45.0019.1%6.4%14.9%57.9%22.3%4.3%-0.3%-990.1K-4.64B-33.5M0.402.04177,78071,8542,233,6584,083,896
2024-10-30$47.11$45.0020.1%6.9%14.8%65.4%23.9%4.4%-0.8%8.5M-4.74B-34.3M0.922.1589,43582,3172,257,7324,137,587
2024-10-31$46.69$45.0021.3%7.4%15.1%74.0%25.1%4.8%-0.6%-44.2M-4.01B-36.6M0.782.55206,783162,1842,324,3484,210,177