XLI Options History — May 2019

In May 2019, XLI traded between $72.08 and $78.35. ATM implied volatility averaged 18.1%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 1.2% (HV 20d: 16.9%). Max pain ranged from $75.00 to $77.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 5.37.

Notable Days

  • 2019-05-01: Highest Volume — 72,745 contracts
  • 2019-05-07: Largest IV spike — 34.9% change
  • 2019-05-07: Highest IV Rank — 45.7%
  • 2019-05-31: Largest Expected Move — 6.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$75.15$72.08$78.35$77.69$72.08
Max Pain$75.27$75.00$77.00$77.00$75.00
ATM IV18.1%13.7%21.4%14.7%20.6%
Expected Move5.3%4.1%6.1%4.5%6.1%
HV 20d16.9%12.7%18.6%12.7%18.6%
HV 60d14.4%12.6%15.7%12.7%15.7%
IV Rank30.3%9.8%45.7%14.3%41.8%
IV Percentile66.9%24.6%85.7%43.7%79.8%
Term Structure-0.2%-0.7%0.5%0.1%-0.4%
VWIV19.6%15.8%23.8%18.6%21.7%
Skew 25d5.3%3.6%6.9%4.0%5.5%
Skew 10d10.6%6.9%16.2%6.9%10.2%
Call IV 25d15.7%12.3%18.5%12.9%18.1%
Put IV 25d21.0%15.9%25.4%16.9%23.6%
Bid-Ask Spread %10.514.4420.8014.266.73
Gamma HHI0.180.090.540.140.17
Net GEX-79.7M-176.3M-27.1M-63.6M-72.4M
Net DEX268.2M-185.8M651.0M-123.6M651.0M
Net VEX-2.7M-3.0M-2.5M-2.7M-2.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.370.6415.248.127.43
Total Volume42,333.1366,42872,74572,74532,902
Total OI348,585.091289,034413,532364,026330,524

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$77.69$77.0014.7%4.5%12.7%14.3%18.6%4.0%0.1%-63.6M-123.6M-2.7M8.1214.267,98064,765121,603242,423
2019-05-02$77.33$77.0014.7%4.4%12.7%14.6%20.2%4.0%0.1%-70.4M27.0M-2.9M7.4313.884,38532,575122,524267,161
2019-05-03$78.35$77.0013.7%4.1%13.4%9.8%15.8%3.6%0.2%-176.3M-185.8M-2.7M2.3220.8012,14928,206123,720266,461
2019-05-06$77.67$75.0015.9%4.6%13.8%20.0%16.8%4.6%-0.1%-27.1M-151.6M-2.8M6.0011.244,86829,201116,685210,064
2019-05-07$75.76$75.0021.4%5.9%16.4%45.7%23.8%6.9%-0.7%-50.3M249.8M-3.0M3.7712.1612,75948,110118,596220,506
2019-05-08$76.24$75.0019.6%5.5%15.9%37.2%20.6%5.9%-0.5%-52.7M144.6M-3.0M2.5515.0616,82642,989122,079223,789
2019-05-09$75.94$75.0020.2%5.7%16.0%40.0%22.7%6.8%-0.5%-59.5M223.9M-3.0M3.1915.2614,71546,882129,711230,766
2019-05-10$76.08$75.0018.0%5.2%15.7%29.6%19.1%5.8%-0.2%-111.7M215.6M-2.9M2.8713.3816,96048,688135,162259,759
2019-05-13$74.02$75.0021.2%6.1%17.7%44.9%20.5%6.5%0.2%-74.8M511.9M-2.7M1.9712.4716,19931,878124,415235,541
2019-05-14$74.94$75.0018.9%5.5%18.3%33.7%20.1%5.7%0.3%-104.4M383.1M-2.8M5.208.137,80940,644139,119274,413
2019-05-15$75.09$75.0017.8%5.2%18.2%28.9%18.8%5.3%0.4%-97.1M334.4M-2.6M2.197.802,0174,411140,296255,200
2019-05-16$75.59$75.0016.7%4.8%18.3%23.8%17.5%5.0%-0.1%-87.4M227.2M-2.6M4.1211.304,73319,480141,163256,564
2019-05-17$74.88$75.0017.2%5.0%18.0%25.9%19.0%5.0%0.5%-166.7M433.2M-2.5M8.827.686,87360,602141,133264,299
2019-05-20$74.60$75.0018.5%5.4%18.0%32.2%19.7%5.8%-0.5%-71.9M278.7M-2.6M2.066.994,3318,901100,750188,284
2019-05-21$75.49$75.0016.4%4.7%18.3%22.5%19.2%4.8%-0.2%-77.5M104.3M-2.6M1.896.897,35013,865104,062191,784
2019-05-22$74.99$75.0016.8%4.8%18.4%24.2%15.8%4.8%-0.4%-88.7M215.9M-2.5M0.6412.0118,50711,792108,480195,959
2019-05-23$73.60$75.0019.5%5.6%18.2%36.9%20.8%5.6%-0.6%-61.3M506.9M-2.5M15.248.992,90544,277110,175206,415
2019-05-24$73.84$75.0018.3%5.3%18.1%31.0%19.7%5.3%-0.2%-57.8M508.9M-2.5M13.256.902,71335,959110,535219,841
2019-05-28$73.17$75.0019.4%5.7%18.1%36.5%20.5%5.9%-0.5%-55.6M405.8M-2.5M4.826.675,10124,59895,414197,394
2019-05-29$72.80$75.0019.6%5.8%18.0%37.0%20.7%5.3%-0.4%-58.8M484.0M-2.5M5.654.448,06245,57998,320207,092
2019-05-30$73.12$75.0019.4%5.7%18.2%36.5%20.5%5.1%-0.4%-67.0M456.4M-2.5M8.708.223,89433,889100,691220,000
2019-05-31$72.08$75.0020.6%6.1%18.6%41.8%21.7%5.5%-0.4%-72.4M651.0M-2.5M7.436.733,90528,997103,257227,267