XLI Options History — January 2019

In January 2019, XLI traded between $62.98 and $71.62. ATM implied volatility averaged 20.4%, placing in the 42.4% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded below realized volatility by 5.7% (HV 20d: 26.1%). Max pain ranged from $63.00 to $70.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.49.

Notable Days

  • 2019-01-16: Highest Volume — 43,258 contracts
  • 2019-01-22: Largest IV spike — 16.4% change
  • 2019-01-03: Highest IV Rank — 73.7%
  • 2019-01-03: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$68.04$62.98$71.62$64.33$71.62
Max Pain$67.29$63.00$70.00$69.00$70.00
ATM IV20.4%17.5%27.0%24.9%17.5%
Expected Move5.9%5.1%7.6%7.4%5.1%
HV 20d26.1%20.1%29.6%27.6%21.5%
HV 60d24.3%23.5%25.2%23.9%23.6%
IV Rank42.4%27.4%73.7%65.0%27.4%
IV Percentile74.1%54.8%97.2%94.8%54.8%
Term Structure0.0%-0.4%0.3%0.0%0.3%
VWIV21.7%17.3%27.0%25.7%17.3%
Skew 25d4.6%3.7%6.0%5.5%3.8%
Skew 10d9.6%7.2%12.3%11.3%7.2%
Call IV 25d18.4%15.7%24.2%22.6%15.7%
Put IV 25d23.1%19.5%30.2%28.1%19.5%
Bid-Ask Spread %2.992.493.912.763.14
Gamma HHI0.120.080.300.090.13
Net GEX-990.9K-16.0M24.3M-10.0M12.3M
Net DEX12.3M-290.9M447.9M335.4M-252.1M
Net VEX-1.6M-1.8M-1.2M-1.3M-1.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.490.253.102.381.02
Total Volume22,7917,44243,2587,44225,069
Total OI301,871.095181,446383,201329,321244,197

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-01-02$64.33$69.0024.9%7.4%27.6%65.0%25.7%5.5%0.0%-10.0M335.4M-1.3M2.382.762,2015,241167,022162,299
2019-01-03$62.98$63.0027.0%7.6%24.9%73.7%27.0%6.0%-0.3%-16.0M447.9M-1.2M2.442.986,25015,231167,813164,692
2019-01-04$65.13$64.0024.0%6.9%28.6%61.1%23.1%5.1%0.1%-5.4M256.8M-1.3M0.843.5822,61418,920170,893167,513
2019-01-07$65.76$65.0023.3%6.7%28.9%57.7%25.5%5.2%0.0%-9.3M175.5M-1.5M1.393.283,4784,819173,187166,514
2019-01-08$66.58$65.0022.4%6.4%29.1%53.8%25.5%5.0%-0.3%-6.8M89.3M-1.6M3.103.225,71217,704175,223168,117
2019-01-09$67.03$65.0021.7%6.3%29.1%50.1%21.8%4.7%0.2%-5.8M36.9M-1.6M1.332.968,35911,120177,656175,725
2019-01-10$67.97$67.0020.7%6.0%29.6%46.0%21.3%4.4%0.2%-3.7M-61.3M-1.6M0.953.9110,1869,696181,897181,483
2019-01-11$67.85$67.0019.7%5.7%29.4%40.5%20.4%4.6%0.2%-5.0M-52.3M-1.7M1.402.908,02911,245187,753187,705
2019-01-14$67.88$67.0019.7%5.7%29.4%39.4%20.9%4.5%-0.4%-7.2M-9.9M-1.6M1.242.827,3039,084179,317189,854
2019-01-15$67.63$67.0019.1%5.5%28.6%35.4%22.5%4.8%0.1%-9.1M52.0M-1.6M2.823.486,43218,136186,175196,791
2019-01-16$67.74$67.0018.7%5.3%27.7%33.3%19.4%4.7%-0.0%-8.4M39.3M-1.6M0.982.6721,81121,447186,515196,686
2019-01-17$68.70$67.0018.2%5.2%27.7%31.0%20.2%4.1%0.2%23.0M-78.4M-1.4M1.362.5513,85418,905181,902192,504
2019-01-18$70.10$67.0017.5%5.1%26.9%28.1%19.1%3.7%-0.2%13.5M-290.9M-1.4M1.312.5515,27319,996178,246201,503
2019-01-22$68.51$69.0020.4%6.1%27.1%41.0%22.2%5.0%-0.0%-6.4M29.2M-1.5M2.183.767,37316,04778,955102,491
2019-01-23$68.81$69.0019.9%5.9%25.7%38.6%22.1%4.7%-0.1%-5.7M16.7M-1.6M1.572.497,31111,44383,416112,198
2019-01-24$69.13$69.0019.3%5.7%22.5%36.0%21.7%4.4%0.0%-4.5M-8.5M-1.6M1.292.606,2318,03983,726115,978
2019-01-25$70.06$69.0018.3%5.4%20.1%31.1%20.3%4.1%0.1%24.3M-108.9M-1.6M1.092.9413,43014,58085,522117,930
2019-01-28$69.27$69.0019.4%5.8%20.9%36.4%20.1%4.4%0.0%-6.6M-5.7M-1.7M0.252.656,9081,75785,908121,457
2019-01-29$70.30$69.0018.9%5.6%21.2%33.9%19.3%4.6%0.1%3.0M-113.6M-1.7M0.542.6310,1175,44192,557123,898
2019-01-30$71.45$69.0018.1%5.4%21.5%30.4%19.9%4.3%0.2%13.2M-238.6M-1.8M1.712.9311,73220,08799,860126,215
2019-01-31$71.62$70.0017.5%5.1%21.5%27.4%17.3%3.8%0.3%12.3M-252.1M-1.8M1.023.1412,38812,681104,273139,924