XLI Options History — February 2023

In February 2023, XLI traded between $100.13 and $103.30. ATM implied volatility averaged 19.1%, placing in the 26.5% IV rank vs the trailing year. The 30-day expected move averaged 5.5%. IV traded above realized volatility by 4.3% (HV 20d: 14.8%). Max pain ranged from $100.00 to $100.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 5.09.

Notable Days

  • 2023-02-03: Highest Volume — 241,498 contracts
  • 2023-02-21: Largest IV spike — 19.6% change
  • 2023-02-22: Highest IV Rank — 41.2%
  • 2023-02-21: Largest Expected Move — 6.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$102.07$100.13$103.30$103.06$101.00
Max Pain$100.00$100.00$100.00$100.00$100.00
ATM IV19.1%17.0%21.4%18.0%19.7%
Expected Move5.5%4.9%6.0%5.6%5.6%
HV 20d14.8%11.8%18.5%18.5%13.5%
HV 60d16.9%16.1%18.7%18.7%16.1%
IV Rank26.5%13.2%41.2%19.4%30.5%
IV Percentile17.5%2.4%42.5%8.3%23.8%
Term Structure0.0%-0.7%0.8%0.0%-0.4%
VWIV20.9%17.1%23.5%21.7%20.1%
Skew 25d4.5%3.9%6.2%4.1%4.6%
Skew 10d8.9%7.1%11.7%9.2%8.3%
Call IV 25d17.0%15.0%19.1%16.1%17.6%
Put IV 25d21.5%19.0%24.8%20.2%22.2%
Bid-Ask Spread %14.054.0339.2539.255.49
Gamma HHI0.090.070.100.070.09
Net GEX-98.4M-226.2M-5.1M-21.2M-184.8M
Net DEX216.5M-243.2M849.2M-215.2M554.2M
Net VEX-7.3M-8.5M-6.1M-7.7M-7.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.090.8030.403.892.86
Total Volume67,760.5799,855241,49836,0789,855
Total OI1,125,375.632962,4051,180,8441,103,4821,157,079

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$103.06$100.0018.0%5.6%18.5%19.4%21.7%4.1%0.0%-21.2M-215.2M-7.7M3.8939.257,38428,694247,037856,445
2023-02-02$103.25$100.0018.8%5.5%18.5%24.6%22.0%4.0%-0.1%-23.5M-243.2M-7.8M1.2216.8668,71084,114248,235854,561
2023-02-03$102.68$100.0018.4%5.3%18.4%22.4%19.9%3.9%-0.0%-63.1M-95.2M-7.8M1.1624.46111,889129,609265,924890,858
2023-02-06$102.62$100.0019.0%5.5%15.2%25.9%21.1%4.5%0.1%-64.4M76.3M-8.5M4.2726.713,13513,371306,532871,856
2023-02-07$102.87$100.0018.2%5.4%15.1%21.0%23.5%4.1%0.6%-54.7M8.9M-7.8M16.2611.062,09434,049282,009848,752
2023-02-08$102.22$100.0019.0%5.5%15.3%25.9%19.6%4.4%0.3%-81.6M161.5M-7.7M4.8420.585,91328,590283,116850,356
2023-02-09$101.53$100.0019.3%5.6%15.2%27.8%22.0%4.7%0.2%-137.2M519.8M-8.3M0.804.2014,69111,783288,288860,127
2023-02-10$102.12$100.0019.1%5.6%15.1%26.6%20.4%4.4%0.7%-91.8M291.7M-8.0M2.5212.315,89114,873292,432856,845
2023-02-13$103.02$100.0019.3%5.6%15.5%27.9%20.3%4.6%0.4%-48.7M-49.0M-7.1M1.6423.386,0429,890287,482855,515
2023-02-14$102.97$100.0018.2%5.2%15.2%20.8%19.9%4.3%0.2%-30.9M-80.4M-6.5M5.2714.325,04626,589291,625860,951
2023-02-15$103.30$100.0017.0%4.9%13.5%13.2%17.1%4.0%0.4%-16.3M-160.6M-6.4M1.0510.7712,22012,866290,556874,180
2023-02-16$102.41$100.0017.9%5.1%11.9%19.2%20.0%4.3%0.1%-81.2M130.4M-6.7M0.916.8010,7519,833296,149881,546
2023-02-17$102.91$100.0017.8%5.0%11.8%18.1%20.0%4.3%0.8%-5.1M-113.8M-6.1M4.5712.425,58525,504298,016882,828
2023-02-21$100.94$100.0021.3%6.0%13.4%40.0%22.1%6.2%-0.7%-168.1M628.2M-6.8M1.2912.5162,24480,574277,655684,750
2023-02-22$100.13$100.0021.4%6.0%13.5%41.2%21.9%5.4%-0.7%-215.8M849.2M-7.1M1.4211.4552,91574,909311,939726,892
2023-02-23$100.88$100.0019.9%5.5%13.7%31.6%20.6%5.0%-0.7%-201.6M620.3M-7.1M1.164.0354,38663,049338,208766,338
2023-02-24$100.15$100.0020.5%5.7%13.9%35.4%21.8%5.0%-0.7%-226.2M843.6M-7.2M11.245.574,38849,312342,584762,383
2023-02-27$101.18$100.0019.8%5.7%14.0%30.9%23.1%4.4%-0.2%-152.7M387.2M-6.5M30.404.744,672142,031342,274749,814
2023-02-28$101.00$100.0019.7%5.6%13.5%30.5%20.1%4.6%-0.4%-184.8M554.2M-7.2M2.865.492,5527,303342,004815,075