XLI Options History — April 2019

In April 2019, XLI traded between $75.55 and $78.74. ATM implied volatility averaged 14.0%, placing in the 11.3% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded below realized volatility by 0.2% (HV 20d: 14.2%). Max pain ranged from $77.00 to $77.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 2.59.

Notable Days

  • 2019-04-12: Highest Volume — 55,263 contracts
  • 2019-04-25: Largest IV spike — 9.0% change
  • 2019-04-09: Highest IV Rank — 18.8%
  • 2019-04-09: Largest Expected Move — 4.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$77.15$75.55$78.74$76.55$78.02
Max Pain$77.00$77.00$77.00$77.00$77.00
ATM IV14.0%12.7%15.6%14.1%13.8%
Expected Move4.0%3.6%4.4%4.0%4.2%
HV 20d14.2%11.7%15.5%15.5%12.5%
HV 60d13.7%12.6%15.6%15.6%12.8%
IV Rank11.3%5.2%18.8%11.5%10.3%
IV Percentile27.9%7.5%51.6%27.4%27.8%
Term Structure-0.1%-0.7%0.6%0.2%0.1%
VWIV15.3%13.5%16.9%15.4%16.0%
Skew 25d3.5%2.9%4.2%3.5%3.5%
Skew 10d7.8%6.2%13.5%7.6%8.1%
Call IV 25d12.5%11.8%13.8%12.6%12.3%
Put IV 25d16.0%14.7%17.7%16.1%15.8%
Bid-Ask Spread %8.462.6617.963.347.89
Gamma HHI0.120.090.180.100.16
Net GEX-12.2M-66.5M28.0M-4.2M-55.0M
Net DEX-304.7M-696.1M5.8M-307.7M-208.8M
Net VEX-2.9M-3.2M-2.6M-2.9M-2.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.590.3617.800.361.90
Total Volume25,875.6677,34955,26320,62726,749
Total OI370,830.952312,485428,840327,445351,171

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$76.55$77.0014.1%4.0%15.5%11.5%15.4%3.5%0.2%-4.2M-307.7M-2.9M0.363.3415,1465,481126,517200,928
2019-04-02$76.59$77.0013.9%4.0%15.4%10.9%15.6%3.3%0.1%-296.3K-334.9M-3.0M1.043.4813,90214,498135,278202,933
2019-04-03$76.33$77.0014.3%4.3%15.0%12.5%15.6%3.3%0.1%-6.1M-282.8M-3.0M5.892.664,26125,114136,679209,915
2019-04-04$76.74$77.0014.5%4.1%14.6%13.5%16.9%3.3%0.4%-2.9M-340.1M-2.9M1.093.0114,61215,866138,000215,421
2019-04-05$76.99$77.0013.6%4.0%14.5%9.4%15.0%3.2%0.2%4.3M-394.1M-2.9M1.293.6711,61314,990144,154224,485
2019-04-08$76.60$77.0014.5%4.0%14.3%13.6%15.1%4.2%-0.7%-9.3M-288.0M-3.0M1.833.396,73012,321146,293219,650
2019-04-09$75.67$77.0015.6%4.4%14.8%18.8%16.3%3.8%-0.5%-28.8M-88.7M-3.1M0.939.2513,74612,739150,391225,425
2019-04-10$75.55$77.0015.1%4.2%14.7%16.4%15.9%3.8%-0.4%-33.8M-62.2M-3.2M1.6210.8811,56718,724159,370231,528
2019-04-11$76.24$77.0014.7%4.2%14.9%14.3%16.7%3.4%-0.1%-25.3M-206.6M-3.1M1.0811.296,7167,256160,461238,883
2019-04-12$77.23$77.0014.1%4.1%14.9%11.5%16.2%3.7%0.1%21.8M-437.1M-3.0M1.5117.9621,99633,267161,311239,685
2019-04-15$76.81$77.0014.1%4.0%14.8%11.6%15.9%3.6%-0.2%-485.0K-344.3M-3.0M4.1910.932,59910,892163,784239,783
2019-04-16$77.28$77.0013.8%4.0%14.6%10.2%13.8%3.3%-0.4%6.8M-446.5M-2.9M0.9211.9711,50310,577164,558247,259
2019-04-17$77.52$77.0012.7%3.6%14.5%5.2%13.5%3.1%0.6%28.0M-526.2M-2.9M0.5514.0411,9126,518171,281251,447
2019-04-18$78.31$77.0013.2%3.8%14.6%7.2%15.6%2.9%-0.3%20.6M-696.1M-2.7M0.789.1516,73513,010173,648255,192
2019-04-22$78.03$77.0013.4%3.8%11.7%8.5%14.1%3.3%-0.2%-2.6M-367.2M-2.7M1.008.103,6773,672119,929192,556
2019-04-23$78.74$77.0013.4%3.9%11.9%8.2%16.5%3.2%-0.3%3.4M-467.9M-2.6M17.8011.132,61946,605121,265193,817
2019-04-24$78.63$77.0013.3%3.9%12.0%8.1%14.3%3.6%-0.2%-42.2M-349.3M-2.8M2.325.823,2377,515121,538244,885
2019-04-25$77.08$77.0014.5%4.3%14.5%13.7%14.7%3.7%-0.2%-66.5M5.8M-2.9M4.507.499,58543,159122,767250,684
2019-04-26$77.44$77.0013.9%4.1%14.5%10.7%15.0%3.5%-0.3%-1.9M-114.8M-2.9M3.0413.925,14115,634128,490254,956
2019-04-29$77.74$77.0014.0%4.2%14.2%11.4%14.0%3.5%0.0%-61.2M-140.7M-2.7M0.828.236,3075,198118,026233,107
2019-04-30$78.02$77.0013.8%4.2%12.5%10.3%16.0%3.5%0.1%-55.0M-208.8M-2.7M1.907.899,21617,533119,507231,664