XLI Options History — February 2019

In February 2019, XLI traded between $71.91 and $76.56. ATM implied volatility averaged 15.5%, placing in the 18.4% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 0.9% (HV 20d: 14.7%). Max pain ranged from $70.00 to $73.00. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 14 of 19 days. Put/call ratio averaged 3.75.

Notable Days

  • 2019-02-15: Highest Volume — 73,020 contracts
  • 2019-02-12: Largest IV drop — 8.0% change
  • 2019-02-11: Highest IV Rank — 24.7%
  • 2019-02-01: Largest Expected Move — 5.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$74.73$71.91$76.56$71.91$76.33
Max Pain$71.95$70.00$73.00$70.00$73.00
ATM IV15.5%14.6%16.9%16.8%14.6%
Expected Move4.6%4.3%5.0%5.0%4.4%
HV 20d14.7%9.4%19.0%19.0%9.4%
HV 60d23.0%22.3%23.6%23.6%22.3%
IV Rank18.4%14.0%24.7%24.1%14.0%
IV Percentile40.5%32.9%51.6%49.6%32.9%
Term Structure0.2%-0.7%1.0%0.4%0.2%
VWIV16.9%15.9%18.6%16.0%16.4%
Skew 25d3.7%3.1%4.3%3.5%4.3%
Skew 10d7.7%5.7%9.2%7.1%8.7%
Call IV 25d14.1%12.9%15.4%15.4%13.2%
Put IV 25d17.8%16.9%18.9%18.9%17.5%
Bid-Ask Spread %3.512.329.752.792.63
Gamma HHI0.130.070.210.210.09
Net GEX-8.3M-33.3M26.7M26.7M-13.3M
Net DEX-351.7M-532.3M-206.5M-303.1M-331.5M
Net VEX-2.3M-3.1M-1.8M-1.9M-3.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.751.0615.994.792.18
Total Volume37,973.42113,43673,02046,59924,050
Total OI341,753.632252,921439,761257,705439,761

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-02-01$71.91$70.0016.8%5.0%19.0%24.1%16.0%3.5%0.4%26.7M-303.1M-1.9M4.792.798,05438,545112,668145,037
2019-02-04$72.58$70.0015.8%4.7%16.2%19.8%18.6%3.9%0.3%11.8M-286.1M-1.8M1.222.967,3318,966103,947148,974
2019-02-05$73.38$70.0015.5%4.7%16.3%18.3%17.6%3.1%0.8%16.7M-377.7M-1.9M1.723.2411,90720,509108,897155,582
2019-02-06$73.45$71.0015.3%4.7%16.1%17.0%16.5%3.2%1.0%12.8M-378.6M-1.9M5.953.145,69733,871112,721170,182
2019-02-07$72.85$71.0016.2%4.8%16.8%21.4%17.6%3.6%0.4%-17.0M-224.5M-2.2M3.813.305,33420,328114,805201,301
2019-02-08$72.81$71.0016.3%4.8%16.4%22.1%18.0%3.7%0.5%-19.7M-206.5M-2.2M4.589.756,15728,179115,976209,162
2019-02-11$73.42$71.0016.9%4.9%16.4%24.7%18.5%3.9%-0.5%-17.2M-280.8M-2.1M4.035.765,28021,294113,734209,219
2019-02-12$74.51$72.0015.6%4.5%16.8%18.4%16.1%3.5%0.3%-4.3M-426.0M-2.0M3.122.448,02024,998117,484221,654
2019-02-13$75.08$72.0015.6%4.5%16.5%18.8%15.9%3.6%-0.1%-3.2M-483.2M-1.9M1.382.5415,89921,874119,303229,633
2019-02-14$74.83$72.0015.8%4.5%16.8%19.7%17.3%3.4%0.1%10.9M-493.6M-2.1M15.997.153,91462,599133,275241,268
2019-02-15$75.65$73.0015.2%4.3%16.6%16.7%16.7%3.6%0.2%-12.4M-532.3M-2.3M4.042.3214,49058,530134,538290,683
2019-02-19$75.77$73.0015.2%4.4%15.6%16.6%16.3%3.7%0.1%-20.4M-307.0M-2.5M1.742.454,9088,528111,085209,084
2019-02-20$76.01$73.0014.9%4.3%11.9%15.3%16.1%3.6%0.0%-15.4M-350.2M-2.4M7.752.854,48134,726115,616214,555
2019-02-21$75.66$73.0015.9%4.6%12.4%20.1%17.3%4.2%-0.7%-33.3M-259.9M-2.5M2.232.667,54116,842117,758228,977
2019-02-22$76.12$73.0014.7%4.3%12.4%14.3%16.1%4.0%0.0%-23.8M-342.0M-2.5M1.062.5917,58418,574120,339237,263
2019-02-25$76.56$73.0015.2%4.6%12.0%16.7%16.4%3.4%-0.0%-14.7M-404.5M-2.4M1.882.8514,28226,862128,707226,888
2019-02-26$76.42$73.0015.0%4.5%10.8%15.8%17.1%4.0%-0.0%-23.7M-340.8M-2.8M1.872.8722,40641,971141,008261,020
2019-02-27$76.55$73.0014.9%4.4%10.2%15.4%16.0%4.2%0.1%-17.6M-353.5M-3.1M1.872.3716,34830,616160,518270,697
2019-02-28$76.33$73.0014.6%4.4%9.4%14.0%16.4%4.3%0.2%-13.3M-331.5M-3.1M2.182.637,56616,484167,374272,387