XLI Options History — May 2022

In May 2022, XLI traded between $89.54 and $98.74. ATM implied volatility averaged 25.1%, placing in the 66.5% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 0.1% (HV 20d: 25.1%). Max pain ranged from $99.00 to $101.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 2.57.

Notable Days

  • 2022-05-05: Highest Volume — 83,601 contracts
  • 2022-05-05: Largest IV spike — 26.6% change
  • 2022-05-09: Highest IV Rank — 94.0%
  • 2022-05-09: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$93.40$89.54$98.74$95.04$94.86
Max Pain$99.90$99.00$101.00$101.00$99.00
ATM IV25.1%20.7%29.6%27.1%21.7%
Expected Move7.3%6.1%8.5%8.2%6.6%
HV 20d25.1%18.1%28.7%18.1%28.2%
HV 60d20.8%18.9%22.1%18.9%21.6%
IV Rank66.5%39.9%94.0%79.0%46.0%
IV Percentile88.2%70.6%99.2%97.2%75.0%
Term Structure-0.2%-1.6%0.5%-0.0%-0.4%
VWIV27.2%22.3%32.4%29.7%25.1%
Skew 25d8.0%6.4%9.8%9.5%6.9%
Skew 10d15.4%3.9%24.0%20.4%12.9%
Call IV 25d21.7%17.9%25.6%22.9%19.1%
Put IV 25d29.7%24.5%35.0%32.4%26.0%
Bid-Ask Spread %40.0924.3350.8145.4537.11
Gamma HHI0.070.050.100.060.06
Net GEX-68.0M-98.2M-42.7M-59.0M-46.4M
Net DEX900.4M417.9M1.43B826.0M472.5M
Net VEX-4.0M-4.8M-3.4M-4.4M-3.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.571.165.674.351.16
Total Volume38,857.47619,18883,60151,25526,583
Total OI424,591.857382,402455,355383,312429,304

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$95.04$101.0027.1%8.2%18.1%79.0%29.7%9.5%-0.0%-59.0M826.0M-4.4M4.3545.459,57341,682112,369270,943
2022-05-03$95.83$101.0024.6%7.4%18.5%63.9%32.4%8.1%-0.2%-57.2M719.4M-4.3M1.8550.8113,75925,464114,382268,020
2022-05-04$98.74$101.0021.5%6.3%21.5%45.0%23.4%7.5%-0.3%-46.0M422.0M-4.2M1.5948.7812,87320,462115,638273,872
2022-05-05$95.92$100.0027.2%7.7%23.6%79.5%24.7%9.8%-0.2%-56.2M722.1M-4.4M4.3424.3315,66067,941118,400277,787
2022-05-06$95.36$100.0026.4%7.8%23.4%74.7%27.8%9.4%-0.1%-67.1M891.6M-4.8M4.3644.427,39732,224129,096307,244
2022-05-09$93.32$100.0029.6%8.5%24.3%94.0%31.1%9.4%0.3%-71.4M1.06B-4.5M3.1439.8010,48632,944127,172305,462
2022-05-10$92.48$100.0028.1%8.2%24.4%85.1%29.7%8.8%0.2%-78.5M1.16B-4.3M5.6743.2110,41859,062130,041307,118
2022-05-11$91.93$100.0027.4%7.8%24.4%80.7%27.6%8.4%-0.1%-78.5M1.17B-4.1M1.7130.8014,11824,204132,506303,594
2022-05-12$91.47$100.0028.1%8.2%23.6%84.9%31.0%8.4%0.5%-77.3M1.21B-4.1M2.0544.8612,47825,624138,565304,424
2022-05-13$93.22$100.0025.2%7.2%25.0%67.3%26.7%7.9%-0.0%-81.4M1.01B-4.1M2.1335.219,14819,485139,794306,385
2022-05-16$92.95$100.0024.3%7.0%25.0%61.9%22.3%7.3%-0.3%-87.0M1.03B-3.9M1.8228.5511,47620,944140,312306,021
2022-05-17$94.94$100.0022.1%6.3%25.1%48.6%23.4%7.0%-0.4%-81.6M779.5M-3.8M1.7729.0111,60620,539138,905309,870
2022-05-18$91.49$100.0026.8%7.7%27.4%76.9%31.8%7.9%-1.0%-92.0M1.21B-3.7M3.7732.656,93926,143140,629308,580
2022-05-19$91.12$100.0025.4%7.3%27.3%68.3%27.0%8.0%-0.5%-98.2M1.27B-3.6M2.1450.109,58220,545141,529311,071
2022-05-20$89.54$100.0024.4%7.1%27.2%62.8%26.5%8.2%-1.6%-79.9M1.43B-3.4M2.6048.9710,92628,414143,500311,855
2022-05-23$90.96$100.0024.6%7.2%28.2%63.5%25.3%7.6%-0.4%-59.5M875.3M-3.5M2.3737.0613,07630,994125,263257,267
2022-05-24$91.34$99.0024.4%7.3%27.7%62.5%28.8%7.5%0.2%-60.5M850.3M-3.7M2.9836.424,81814,370132,551274,757
2022-05-25$91.76$99.0024.4%7.1%27.8%62.3%25.5%7.4%-0.4%-59.0M806.0M-3.7M1.3541.2710,39514,014133,290281,252
2022-05-26$93.81$99.0022.2%6.5%28.7%49.0%26.9%6.9%-0.1%-49.0M579.6M-3.7M1.2046.6813,57616,259139,058281,895
2022-05-27$95.32$99.0020.7%6.1%28.2%39.9%25.4%6.4%0.1%-42.7M417.9M-3.7M1.5946.4015,39124,415140,033286,675
2022-05-31$94.86$99.0021.7%6.6%28.2%46.0%25.1%6.9%-0.4%-46.4M472.5M-3.5M1.1637.1112,32714,256140,959288,345