XLI Options History — July 2024

In July 2024, XLI traded between $120.50 and $128.39. ATM implied volatility averaged 14.3%, placing in the 34.8% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded above realized volatility by 1.1% (HV 20d: 13.2%). Max pain ranged from $122.00 to $125.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 3.52.

Notable Days

  • 2024-07-16: Highest Volume — 479,323 contracts
  • 2024-07-24: Largest IV spike — 20.6% change
  • 2024-07-24: Highest IV Rank — 62.8%
  • 2024-07-25: Largest Expected Move — 4.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$124.31$120.50$128.39$120.50$128.39
Max Pain$123.27$122.00$125.00$123.00$124.00
ATM IV14.3%12.6%17.1%13.2%14.9%
Expected Move4.1%3.5%4.7%3.8%4.4%
HV 20d13.2%10.2%16.9%11.1%16.8%
HV 60d11.7%10.4%13.1%11.2%13.1%
IV Rank34.8%18.2%62.8%24.4%40.8%
IV Percentile61.1%24.2%91.7%47.6%75.8%
Term Structure-0.1%-3.4%2.8%-0.0%-0.1%
VWIV14.8%12.1%18.0%12.7%15.6%
Skew 25d2.2%-1.3%3.3%3.0%2.6%
Skew 10d4.8%2.3%6.8%5.7%4.8%
Call IV 25d13.4%11.2%15.5%11.9%13.5%
Put IV 25d15.6%13.0%17.7%14.9%16.1%
Bid-Ask Spread %36.926.0257.9349.6457.93
Gamma HHI0.190.130.490.180.17
Net GEX11.1M-169.9M566.9M-138.2M35.2M
Net DEX-252.4M-1.86B564.1M493.5M-944.9M
Net VEX-7.4M-8.2M-6.4M-8.2M-6.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.520.8216.591.991.97
Total Volume85,036.2275,751479,32319,75612,759
Total OI808,842.136674,260957,860820,914691,501

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-07-01$120.50$123.0013.2%3.8%11.1%24.4%12.7%3.0%-0.0%-138.2M493.5M-8.2M1.9949.646,60913,147290,514530,400
2024-07-02$121.10$123.0012.6%3.5%10.9%18.5%12.1%3.0%0.1%-108.7M379.6M-8.2M3.8129.081,6306,207291,467534,381
2024-07-03$121.65$123.0012.7%3.5%11.0%19.5%12.3%2.7%-0.1%-60.9M102.5M-7.8M1.7955.832,4724,428290,703537,445
2024-07-05$121.22$122.0013.0%3.7%10.4%21.6%12.8%2.8%-0.1%-107.5M298.6M-7.7M16.5929.682,64743,919292,714540,221
2024-07-08$121.48$122.0012.6%3.7%10.2%18.2%12.1%-1.3%0.9%-74.6M193.4M-7.4M2.9432.155,99917,633292,609554,544
2024-07-09$121.03$122.0013.1%3.7%10.2%22.7%12.8%2.5%-0.0%-114.4M368.4M-7.6M1.8219.363,2345,896298,544571,404
2024-07-10$121.63$122.0012.9%3.7%10.4%20.8%13.2%3.3%0.0%-55.1M136.3M-7.2M4.5022.032,0499,228300,133577,928
2024-07-11$123.56$122.0013.0%3.8%11.6%22.3%13.5%2.7%0.1%125.4M-500.4M-7.4M0.9748.4212,09511,709301,730578,150
2024-07-12$124.55$122.0013.3%3.7%11.5%25.1%14.5%2.2%2.8%190.2M-885.6M-6.8M1.337.61192,108256,454302,592584,801
2024-07-15$125.06$122.0013.6%3.9%11.3%28.1%14.2%2.1%0.1%153.5M-833.8M-7.6M0.826.028,3736,843304,700592,848
2024-07-16$128.09$122.0014.3%4.1%13.1%34.6%14.9%2.2%-0.3%228.1M-1.86B-6.6M1.298.91209,032270,291306,317597,130
2024-07-17$126.69$124.0015.0%4.3%13.4%41.6%15.4%1.6%0.2%108.2M-1.05B-7.7M1.4951.317,53811,244321,962612,934
2024-07-18$125.66$124.0015.9%4.6%13.8%51.2%16.1%2.1%2.4%106.7M-589.6M-8.2M2.3948.4616,66939,813324,016617,759
2024-07-19$124.78$125.0016.3%4.5%14.1%54.4%15.8%1.7%-0.2%566.9M-9.6M-7.9M1.3354.0425,11433,293325,869631,991
2024-07-22$126.00$125.0014.1%4.2%14.4%32.6%16.3%2.3%-3.0%-83.8M-119.6M-7.2M15.9439.623,75259,805212,638461,622
2024-07-23$126.06$125.0014.2%4.2%14.3%33.9%18.0%2.0%-3.4%-85.9M-167.2M-6.8M1.0047.4712,89912,917214,243462,312
2024-07-24$123.35$124.0017.1%4.6%15.9%62.8%16.0%3.1%0.1%-169.9M564.1M-7.9M2.5839.045,22913,489219,810468,487
2024-07-25$124.60$124.0016.3%4.7%16.2%54.9%18.0%1.9%-0.5%-134.7M153.7M-7.6M9.1642.575,90454,102226,184470,322
2024-07-26$126.41$124.0014.8%4.6%16.9%39.9%17.1%1.9%-1.0%-76.0M-311.9M-6.9M1.4241.26186,224265,172228,133458,205
2024-07-29$126.45$124.0015.6%4.6%16.9%48.2%16.0%2.3%-0.9%-32.5M-428.3M-7.3M1.0232.533,5293,591223,462462,532
2024-07-30$126.59$124.0015.9%4.7%16.3%50.4%16.1%2.3%-0.4%-28.0M-542.3M-7.1M1.3049.312,4983,253225,143464,127
2024-07-31$128.39$124.0014.9%4.4%16.8%40.8%15.6%2.6%-0.1%35.2M-944.9M-6.4M1.9757.934,3038,456226,242465,259