XLI Options History — April 2022

In April 2022, XLI traded between $95.55 and $102.20. ATM implied volatility averaged 21.3%, placing in the 44.0% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 5.9% (HV 20d: 15.4%). Max pain ranged from $100.50 to $103.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 3.55.

Notable Days

  • 2022-04-07: Highest Volume — 65,686 contracts
  • 2022-04-22: Largest IV spike — 22.6% change
  • 2022-04-26: Highest IV Rank — 79.2%
  • 2022-04-29: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$99.53$95.55$102.20$101.78$95.55
Max Pain$101.58$100.50$103.00$103.00$101.00
ATM IV21.3%17.3%27.2%17.9%27.2%
Expected Move6.2%5.0%8.1%5.4%8.1%
HV 20d15.4%12.6%18.7%17.3%18.7%
HV 60d18.3%17.9%19.1%18.0%19.1%
IV Rank44.0%19.5%79.2%23.1%79.2%
IV Percentile77.8%50.8%98.0%62.7%97.6%
Term Structure-0.1%-1.3%0.3%0.2%-1.3%
VWIV23.6%18.6%30.2%20.8%27.7%
Skew 25d7.1%5.2%10.6%5.2%9.1%
Skew 10d14.0%10.2%20.5%10.4%16.5%
Call IV 25d18.4%14.9%23.3%15.7%23.3%
Put IV 25d25.5%20.6%33.0%20.9%32.4%
Bid-Ask Spread %32.5417.8047.5147.5120.42
Gamma HHI0.070.050.230.070.06
Net GEX-57.3M-93.9M-32.0M-42.4M-57.7M
Net DEX521.0M171.1M838.8M290.4M838.8M
Net VEX-4.3M-4.7M-3.7M-4.1M-4.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.551.026.323.413.83
Total Volume38,320.358,26765,68638,90244,637
Total OI378,109.8339,907407,324353,524394,072

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-04-01$101.78$103.0017.9%5.4%17.3%23.1%20.8%5.2%0.2%-42.4M290.4M-4.1M3.4147.518,83030,072102,464251,060
2022-04-04$101.95$103.0017.3%5.1%15.3%19.5%22.3%5.4%0.2%-46.8M259.3M-3.9M4.5638.917,68835,083101,751259,631
2022-04-05$100.58$103.0019.2%5.5%16.0%31.1%22.5%5.5%0.1%-63.3M455.5M-4.2M6.3244.618,85455,982103,414268,611
2022-04-06$99.73$103.0021.2%5.9%15.0%43.0%23.3%6.6%-0.2%-65.6M584.0M-4.4M2.5042.339,57823,904104,962276,916
2022-04-07$100.44$103.0020.0%5.9%14.9%36.1%24.3%7.2%0.2%-61.4M487.4M-4.3M5.9419.859,46256,224106,569277,709
2022-04-08$99.80$103.0019.6%5.7%15.0%33.7%21.3%6.7%0.3%-74.4M606.7M-4.4M2.8321.6410,89630,856108,076294,835
2022-04-11$99.32$101.0022.1%6.3%15.1%48.5%23.9%7.0%-0.1%-75.7M611.1M-4.5M4.3326.468,36436,240110,302292,303
2022-04-12$98.89$101.0022.6%6.4%13.9%51.4%24.5%7.4%-0.2%-73.9M667.9M-4.4M3.4133.367,44025,376110,934290,928
2022-04-13$100.11$101.0019.5%5.6%14.3%33.1%23.2%6.3%-0.1%-87.7M546.1M-4.3M6.2234.707,27445,241111,746295,578
2022-04-14$100.12$101.0019.3%5.5%12.6%31.5%19.9%6.1%0.0%-93.9M503.1M-4.2M2.6418.679,00123,796112,348292,072
2022-04-18$99.32$101.0020.1%5.8%12.7%36.8%18.6%6.3%0.1%-42.2M448.4M-4.1M2.9038.825,21715,14396,768243,139
2022-04-19$101.34$101.0017.6%5.0%14.8%21.2%22.9%5.4%0.0%-33.8M262.1M-3.9M5.0430.943,86419,46996,916244,613
2022-04-20$102.20$101.0017.4%5.0%14.7%20.5%19.3%5.6%0.1%-32.0M171.1M-3.7M1.8417.808,93616,43497,402253,938
2022-04-21$100.89$101.0019.7%5.6%15.1%34.0%21.4%6.5%0.1%-38.8M330.0M-4.0M1.9918.477,67515,238101,905256,981
2022-04-22$99.02$101.0024.1%6.9%16.2%60.8%25.6%8.3%-0.3%-47.9M532.4M-4.3M5.2940.539,32049,344105,350259,679
2022-04-25$98.43$101.0024.5%7.1%16.1%63.2%25.5%10.0%-0.1%-49.0M642.0M-4.6M1.7742.9412,62622,387106,623270,499
2022-04-26$96.56$101.0027.2%8.0%17.1%79.2%28.6%8.1%-0.3%-53.2M774.1M-4.7M1.0229.7614,04414,279110,821273,036
2022-04-27$96.77$100.5026.2%7.7%16.4%73.3%30.2%10.6%-0.4%-53.0M750.0M-4.6M2.4942.132,3715,896114,268274,850
2022-04-28$97.84$101.0024.0%7.0%17.3%60.3%27.2%8.7%-0.5%-52.8M658.8M-4.5M2.7341.0413,21936,147114,186274,941
2022-04-29$95.55$101.0027.2%8.1%18.7%79.2%27.7%9.1%-1.3%-57.7M838.8M-4.6M3.8320.429,24535,392117,233276,839