XLI Options History — December 2024

In December 2024, XLI traded between $131.53 and $143.03. ATM implied volatility averaged 14.5%, placing in the 26.0% IV rank vs the trailing year. The 30-day expected move averaged 4.3%. IV traded above realized volatility by 1.0% (HV 20d: 13.5%). Max pain ranged from $125.00 to $138.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 3.94.

Notable Days

  • 2024-12-13: Highest Volume — 528,959 contracts
  • 2024-12-18: Largest IV spike — 23.1% change
  • 2024-12-19: Highest IV Rank — 53.2%
  • 2024-12-19: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$136.79$131.53$143.03$143.03$131.53
Max Pain$133.19$125.00$138.00$138.00$134.00
ATM IV14.5%12.4%18.3%13.8%14.1%
Expected Move4.3%3.9%5.3%4.2%4.3%
HV 20d13.5%10.4%19.7%19.4%12.3%
HV 60d14.5%13.8%15.3%14.2%15.2%
IV Rank26.0%11.5%53.2%21.2%23.0%
IV Percentile59.0%14.7%95.6%53.6%55.2%
Term Structure0.8%-1.1%4.6%-0.6%1.4%
VWIV15.3%13.4%18.3%14.7%14.4%
Skew 25d2.4%-2.0%6.3%2.6%4.3%
Skew 10d6.5%-5.3%11.7%5.8%10.2%
Call IV 25d13.5%9.0%17.2%13.2%12.3%
Put IV 25d15.9%13.7%20.6%15.8%16.7%
Bid-Ask Spread %53.5818.9976.4566.2354.14
Gamma HHI0.160.110.210.150.11
Net GEX-94.1M-178.9M40.6M40.6M-83.5M
Net DEX141.2M-1.16B1.50B-1.16B538.0M
Net VEX-7.3M-8.4M-6.3M-6.6M-7.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.940.4230.391.251.13
Total Volume96,599.8572,118528,95915,3197,009
Total OI798,429.905647,914901,053807,324647,914

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-12-02$143.03$138.0013.8%4.2%19.4%21.2%14.7%2.6%-0.6%40.6M-1.16B-6.6M1.2566.236,8028,517250,178557,146
2024-12-03$142.07$138.0012.4%4.2%19.7%11.5%16.9%1.7%4.6%5.0M-862.4M-7.0M3.3554.544,71515,817255,742563,644
2024-12-04$142.49$138.0013.5%4.3%19.2%19.3%14.9%2.2%0.5%27.0M-1.03B-6.8M1.0369.125,2285,402259,069572,067
2024-12-05$141.13$125.0014.5%4.2%13.2%26.3%15.7%-2.0%-0.9%-48.6M-638.9M-7.3M1.3138.139,36812,271263,099576,217
2024-12-06$140.44$125.0013.3%4.1%13.1%18.0%14.1%3.2%1.7%-89.1M-469.6M-7.4M30.3939.792,70582,193271,409578,458
2024-12-09$139.36$125.0013.2%4.1%12.9%17.2%15.4%1.8%3.2%-151.7M-113.2M-7.3M1.5541.81201,295311,583270,441580,616
2024-12-10$139.06$135.0014.1%4.1%12.4%23.1%14.2%5.2%0.7%-74.8M-274.1M-8.1M2.2118.993,5167,759280,023581,050
2024-12-11$138.74$135.0013.5%4.1%12.2%19.5%14.8%6.3%1.1%-99.8M-176.7M-8.2M2.9442.402,8828,483280,453582,663
2024-12-12$138.00$135.0013.9%4.0%12.2%22.0%14.7%1.7%0.1%-145.1M151.2M-8.4M1.9066.466,75512,857281,497589,989
2024-12-13$137.41$135.0013.7%4.0%10.7%20.7%15.8%1.6%0.3%-156.6M360.3M-8.1M1.5746.11205,537323,422285,080592,284
2024-12-16$137.38$133.0014.1%4.1%10.4%23.3%14.2%1.9%-0.1%-108.2M-47.8M-7.4M0.4237.265,9302,470273,943583,044
2024-12-17$136.24$133.0014.5%4.2%10.8%26.1%14.6%2.1%0.3%-167.6M369.2M-7.6M2.9939.947,50122,424277,706583,319
2024-12-18$132.61$133.0017.8%5.1%14.2%49.5%15.9%-0.0%-1.1%-178.9M1.50B-7.8M5.3576.458,99648,088280,226592,783
2024-12-19$132.66$130.0018.3%5.3%14.2%53.2%18.3%3.4%-0.3%-142.7M1.20B-8.1M5.4968.457,12339,124280,963606,478
2024-12-20$134.13$130.0016.4%4.7%13.7%39.2%18.0%2.2%-0.3%-112.6M807.7M-7.9M2.2268.6516,79537,221285,136615,917
2024-12-23$133.14$135.0015.4%4.4%12.8%32.4%14.6%2.6%1.1%-109.4M767.2M-7.4M1.2161.5213,11815,807221,488433,417
2024-12-24$133.75$135.0014.1%3.9%12.4%23.1%14.3%1.0%0.3%-83.9M471.7M-6.7M1.8833.577351,383221,145433,369
2024-12-26$134.39$135.0013.7%4.0%12.6%20.4%13.4%3.0%1.7%-56.0M292.2M-6.4M6.9569.605,56738,704222,715431,736
2024-12-27$132.81$135.0014.4%4.2%13.0%25.8%15.1%2.3%1.9%-99.1M510.0M-6.3M6.0966.652,22713,562226,958426,740
2024-12-30$132.15$135.0015.1%4.5%12.4%30.6%17.7%3.1%0.6%-141.1M762.4M-6.4M1.5865.44192,598305,108225,340425,566
2024-12-31$131.53$134.0014.1%4.3%12.3%23.0%14.4%4.3%1.4%-83.5M538.0M-7.1M1.1354.143,2983,711226,013421,901