XLI Options History — April 2024

In April 2024, XLI traded between $120.34 and $125.65. ATM implied volatility averaged 15.3%, placing in the 44.5% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 3.0% (HV 20d: 12.3%). Max pain ranged from $123.00 to $125.00. Net GEX was positive for 14 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.60.

Notable Days

  • 2024-04-18: Highest Volume — 475,188 contracts
  • 2024-04-04: Largest IV spike — 34.4% change
  • 2024-04-04: Highest IV Rank — 71.1%
  • 2024-04-19: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$123.13$120.34$125.65$125.10$121.73
Max Pain$123.86$123.00$125.00$123.00$123.00
ATM IV15.3%13.2%18.0%13.5%14.9%
Expected Move4.4%3.6%5.1%3.6%4.5%
HV 20d12.3%10.8%13.3%11.4%12.8%
HV 60d11.9%11.2%12.4%11.2%12.0%
IV Rank44.5%23.8%71.1%26.8%41.1%
IV Percentile66.2%29.4%90.5%36.1%70.2%
Term Structure-0.0%-4.3%4.3%-1.0%0.1%
VWIV15.4%13.0%19.9%13.9%15.7%
Skew 25d2.7%0.3%4.2%3.4%2.5%
Skew 10d6.3%4.2%8.3%4.6%5.3%
Call IV 25d14.2%10.8%17.0%10.8%13.6%
Put IV 25d16.9%14.2%19.5%14.2%16.2%
Bid-Ask Spread %41.6832.7157.6945.1837.09
Gamma HHI0.160.120.210.210.15
Net GEX-11.4M-190.8M118.8M55.7M23.7M
Net DEX-706.1M-1.13B73.3M-1.11B-671.9M
Net VEX-7.1M-8.5M-5.8M-5.8M-6.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.600.287.192.571.07
Total Volume59,909.8187,307475,18819,75944,980
Total OI736,752.5562,250883,658562,250631,039

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$125.10$123.0013.5%3.6%11.4%26.8%13.9%3.4%-1.0%55.7M-1.11B-5.8M2.5745.185,52814,231241,958320,292
2024-04-02$124.38$123.0013.2%3.8%11.6%23.8%13.4%4.2%-0.1%4.6M-872.5M-6.4M1.5140.235,7018,623245,545329,645
2024-04-03$125.09$123.0013.4%3.8%10.8%25.6%13.0%2.0%0.1%44.7M-1.10B-5.8M0.2857.699,1532,606248,072329,071
2024-04-04$123.88$125.0018.0%4.3%11.3%71.1%14.9%0.3%-4.3%5.7M-824.0M-6.6M7.1938.653,96028,487254,325329,925
2024-04-05$125.65$125.0015.1%4.2%12.0%42.5%15.0%3.4%0.1%48.7M-1.13B-6.7M0.6037.8815,7199,450255,208353,658
2024-04-08$125.50$125.0014.1%4.1%11.9%33.2%14.6%2.2%0.7%67.6M-1.12B-6.3M0.4944.954,9132,394260,759341,934
2024-04-09$124.90$125.0014.3%4.1%11.9%35.1%14.4%2.5%0.4%46.2M-1.07B-6.0M1.0640.806,2206,568264,517342,321
2024-04-10$124.09$125.0014.9%4.3%12.2%41.4%14.6%2.8%0.5%8.9M-888.3M-6.2M0.9838.12212,377208,779266,930347,601
2024-04-11$124.53$124.0013.7%4.1%12.2%28.9%14.7%2.7%0.4%60.8M-1.05B-7.7M0.7247.904,7683,446375,117451,227
2024-04-12$122.77$124.0016.5%4.7%13.1%57.0%17.4%2.8%0.1%-47.1M-462.6M-8.2M1.3344.1229,85939,591376,340451,673
2024-04-15$121.87$124.0017.6%5.0%13.3%67.7%19.9%3.1%-0.1%-99.6M-184.2M-8.5M1.0638.169,69110,281400,637477,001
2024-04-16$121.98$124.0017.1%4.9%13.3%62.1%17.0%2.9%-0.2%-111.4M-239.7M-7.9M3.9042.024,24216,565402,219481,137
2024-04-17$121.20$124.0017.0%4.9%13.3%61.6%15.9%3.0%-0.1%-156.6M7.2M-8.1M0.5636.2110,1625,661403,977476,453
2024-04-18$120.81$124.0016.9%4.8%12.3%60.3%16.6%3.2%-0.0%-190.8M73.3M-7.7M1.0335.87234,452240,736410,409473,249
2024-04-19$120.34$124.0017.5%5.1%11.4%66.8%17.0%3.3%-0.3%-160.3M-25.4M-8.4M0.9744.7711,36611,022403,760463,329
2024-04-22$121.50$124.0015.9%4.6%12.1%50.8%15.0%2.7%-0.4%-79.2M-510.8M-7.5M0.4836.1313,1176,293382,746443,432
2024-04-23$123.12$124.0014.5%4.2%13.0%36.6%15.6%2.5%0.4%37.1M-996.0M-7.3M0.6543.8611,8647,725384,920445,876
2024-04-24$122.05$123.0014.9%4.3%13.3%41.0%15.2%3.2%-1.2%-26.5M-685.9M-7.2M5.8043.982,18212,658388,376448,407
2024-04-25$122.43$123.0015.1%4.4%12.4%42.9%15.9%3.0%-0.5%25.5M-824.0M-7.0M0.9644.3711,04510,617389,287450,239
2024-04-26$122.81$123.0014.3%3.9%12.4%35.0%13.7%3.3%4.3%118.8M-891.9M-6.7M1.0946.385,5376,045384,165456,503
2024-04-29$123.22$123.0013.6%4.2%12.2%27.5%14.8%0.6%0.3%71.7M-962.2M-6.6M0.9132.714,9344,468277,454347,822
2024-04-30$121.73$123.0014.9%4.5%12.8%41.1%15.7%2.5%0.1%23.7M-671.9M-6.6M1.0737.0921,78123,199280,393350,646