XLF Options History — December 2024

In December 2024, XLF traded between $47.72 and $50.86. ATM implied volatility averaged 15.5%, placing in the 31.9% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 1.1% (HV 20d: 14.4%). Max pain ranged from $43.00 to $47.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.82.

Notable Days

  • 2024-12-19: Highest Volume — 579,061 contracts
  • 2024-12-18: Largest IV spike — 18.7% change
  • 2024-12-19: Highest IV Rank — 55.8%
  • 2024-12-19: Largest Expected Move — 5.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$49.32$47.72$50.86$50.86$48.25
Max Pain$43.57$43.00$47.00$47.00$43.00
ATM IV15.5%13.4%18.8%14.5%17.4%
Expected Move4.6%4.2%5.4%4.3%5.0%
HV 20d14.4%10.4%25.0%24.9%14.0%
HV 60d18.1%17.5%18.9%17.9%18.6%
IV Rank31.9%16.1%55.8%24.5%45.3%
IV Percentile64.2%21.4%92.9%52.8%86.9%
Term Structure0.4%-0.6%1.7%-0.1%0.1%
VWIV16.4%14.7%20.2%15.9%16.8%
Skew 25d2.5%-0.4%5.1%1.8%2.5%
Skew 10d6.0%-0.8%11.8%6.4%5.7%
Call IV 25d14.6%10.3%17.7%14.5%16.4%
Put IV 25d17.2%9.9%21.9%16.4%19.0%
Bid-Ask Spread %2.141.752.842.152.27
Gamma HHI0.110.080.140.130.09
Net GEX144.3M-63.6M391.7M391.7M27.1M
Net DEX-5.89B-8.65B-3.44B-8.65B-3.76B
Net VEX-34.1M-37.5M-32.3M-34.3M-33.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.242.410.470.34
Total Volume195,688.42976,405579,061188,91978,141
Total OI7,865,647.2386,681,0268,616,6698,027,0916,766,427

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-12-02$50.86$47.0014.5%4.3%24.9%24.5%15.9%1.8%-0.1%391.7M-8.65B-34.3M0.472.15128,28460,6353,658,8554,368,236
2024-12-03$50.50$47.0013.4%4.3%24.8%16.1%15.4%-0.4%1.1%311.4M-8.07B-32.3M1.062.0788,26293,7733,705,4674,388,468
2024-12-04$50.36$47.0013.8%4.2%25.0%19.2%15.3%2.4%0.6%288.3M-7.68B-33.9M0.582.21183,617106,4593,717,4934,406,779
2024-12-05$50.55$43.0014.2%4.3%12.1%22.1%15.4%1.9%0.5%341.5M-8.17B-33.8M0.711.9683,37759,4823,787,6524,408,371
2024-12-06$50.39$43.0013.8%4.3%10.9%19.3%15.0%1.6%0.3%355.1M-7.83B-33.1M0.451.91102,98345,9233,823,9764,419,041
2024-12-09$49.84$43.0014.4%4.4%11.6%23.9%16.1%1.4%0.8%228.5M-6.88B-34.3M0.492.0985,69742,4073,771,7814,411,130
2024-12-10$49.72$43.0015.1%4.5%10.5%29.0%15.6%1.7%0.3%206.7M-6.84B-33.1M0.501.76162,29780,8393,813,5494,431,573
2024-12-11$49.80$43.0014.6%4.4%10.5%25.0%15.9%1.9%0.8%206.2M-6.87B-33.7M1.051.8397,135102,4113,838,8784,463,211
2024-12-12$49.70$43.0014.8%4.4%10.5%26.3%18.0%1.7%0.8%173.1M-6.80B-33.4M2.411.7941,20699,1753,852,1244,504,603
2024-12-13$49.48$43.0014.6%4.5%10.5%25.2%15.5%1.9%1.7%59.3M-5.97B-35.1M1.711.8836,34962,2523,864,3554,567,010
2024-12-16$49.47$43.0015.5%4.5%10.4%31.4%16.1%2.5%-0.2%109.2M-6.08B-33.6M0.711.7583,44359,5973,837,9694,567,354
2024-12-17$49.11$43.0015.4%4.5%10.6%31.0%16.8%2.2%0.0%447.6K-5.71B-32.6M1.292.06139,956180,6883,872,1354,576,290
2024-12-18$47.72$43.0018.3%5.2%14.4%52.2%20.2%4.1%0.7%-63.6M-3.44B-34.5M1.042.84197,225205,8283,964,4214,647,212
2024-12-19$47.98$43.0018.8%5.4%14.7%55.8%19.2%4.3%-0.3%-47.5M-3.89B-35.8M0.242.26468,039111,0223,968,8904,607,335
2024-12-20$48.66$43.0017.4%4.9%14.7%45.3%18.0%5.1%0.7%20.4M-5.13B-37.5M0.632.28123,07177,5854,051,2344,565,435
2024-12-23$48.38$43.0016.4%4.7%14.3%38.4%15.6%3.8%0.5%81.0M-4.00B-34.4M0.462.24170,64778,3152,847,2683,833,758
2024-12-24$48.91$43.0015.1%4.3%14.7%28.8%14.7%3.2%0.5%104.5M-4.83B-33.9M0.642.0446,46429,9412,808,1403,879,488
2024-12-26$49.06$43.0015.3%4.2%14.7%30.3%15.5%3.1%0.5%122.0M-4.88B-34.7M0.872.4952,25545,4302,819,4153,889,543
2024-12-27$48.58$43.0016.7%4.7%14.9%40.1%17.8%3.3%0.6%79.0M-4.19B-34.8M1.082.8053,92158,3472,835,0293,899,344
2024-12-30$48.42$43.0016.8%4.8%14.5%41.1%16.4%3.4%-0.6%36.3M-3.96B-34.0M0.562.2355,93331,0462,833,5713,905,782
2024-12-31$48.25$43.0017.4%5.0%14.0%45.3%16.8%2.5%0.1%27.1M-3.76B-33.9M0.342.2758,27419,8672,852,7893,913,638