XLI Options History — June 2025

In June 2025, XLI traded between $142.17 and $147.40. ATM implied volatility averaged 16.1%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 3.6% (HV 20d: 12.5%). Max pain ranged from $135.00 to $144.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 2.64.

Notable Days

  • 2025-06-20: Highest Volume — 546,466 contracts
  • 2025-06-13: Largest IV spike — 14.2% change
  • 2025-06-17: Highest IV Rank — 18.7%
  • 2025-06-17: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$144.03$142.17$147.40$142.50$147.40
Max Pain$141.85$135.00$144.00$135.00$144.00
ATM IV16.1%14.8%18.5%16.4%15.5%
Expected Move4.7%4.2%5.3%4.8%4.3%
HV 20d12.5%9.8%16.8%16.8%11.1%
HV 60d32.9%32.4%33.6%33.6%32.4%
IV Rank11.6%6.7%18.7%13.3%8.9%
IV Percentile53.6%34.1%81.3%58.3%44.4%
Term Structure0.1%-1.4%0.7%0.7%-0.3%
VWIV17.2%14.5%20.2%17.3%19.7%
Skew 25d4.5%-1.1%6.0%4.8%4.8%
Skew 10d11.6%5.4%18.3%16.2%10.9%
Call IV 25d14.2%12.9%16.5%14.4%13.4%
Put IV 25d18.7%12.5%22.2%19.3%18.2%
Bid-Ask Spread %47.3530.7376.2964.7663.32
Gamma HHI0.220.150.280.150.21
Net GEX193.7M-4.1M339.9M236.1M104.7M
Net DEX-1.19B-2.24B39.7M-1.29B-603.3M
Net VEX-8.3M-10.3M-6.8M-9.6M-7.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.640.188.041.193.79
Total Volume68,801.553,844546,466529,0936,846
Total OI943,703.65553,1091,155,0561,085,567577,801

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-06-02$142.50$135.0016.4%4.8%16.8%13.3%17.3%4.8%0.7%236.1M-1.29B-9.6M1.1964.76241,529287,564369,356716,211
2025-06-03$143.61$135.0015.8%4.5%16.8%11.9%19.4%4.7%0.3%256.7M-1.70B-10.1M4.1472.263,15113,053372,068716,602
2025-06-04$144.10$135.0015.7%4.5%16.3%11.4%15.2%4.3%0.1%267.0M-1.82B-10.3M1.7676.292,2533,975373,295722,212
2025-06-05$143.93$143.0015.4%4.6%16.4%10.7%16.1%-1.1%0.4%287.6M-1.79B-9.8M1.3630.731,7272,342373,823723,191
2025-06-06$144.94$143.0014.8%4.5%15.7%9.0%14.5%4.2%0.5%311.8M-2.13B-9.3M2.6131.841,7814,642374,769724,100
2025-06-09$145.07$143.0015.2%4.4%15.4%10.2%15.8%4.5%0.3%335.3M-2.24B-8.9M3.8237.281,6436,275373,058712,859
2025-06-10$144.03$143.0015.2%4.4%12.2%10.0%15.5%4.4%0.4%326.6M-1.82B-8.7M0.4138.642,7221,122373,622716,657
2025-06-11$144.03$143.0015.4%4.5%11.4%10.7%16.1%4.5%0.3%339.9M-1.85B-8.6M0.1834.793,889709375,636717,311
2025-06-12$143.66$143.0015.8%4.4%10.9%11.0%15.6%4.5%-0.5%322.4M-1.65B-8.6M8.0441.811,31810,594376,138717,608
2025-06-13$142.26$143.0018.1%5.2%10.8%17.4%19.3%5.3%0.5%220.2M-1.11B-8.8M5.2042.552,96115,411376,415726,320
2025-06-16$143.60$143.0016.4%4.7%10.8%12.6%16.5%4.9%0.5%324.9M-1.67B-7.9M0.9035.6225,86623,296374,960728,565
2025-06-17$142.63$143.0018.5%5.3%11.0%18.7%20.2%5.7%0.1%224.4M-1.13B-7.9M1.7741.2121,14037,367377,022745,858
2025-06-18$142.44$143.0018.4%5.3%10.9%17.0%17.7%6.0%-0.4%119.9M-869.9M-7.8M1.0847.4523,80525,763371,852782,060
2025-06-20$142.17$143.0017.5%5.0%9.8%14.6%16.5%4.6%0.0%-4.1M-1.17B-6.8M1.1847.16250,154296,312363,104791,952
2025-06-23$143.47$143.0017.0%4.9%10.2%13.0%20.1%5.7%-0.1%14.0M39.7M-7.6M4.2044.451,5246,407184,733368,376
2025-06-24$145.22$143.0015.6%4.4%10.7%9.1%19.1%5.0%0.3%50.0M-254.6M-7.4M5.3840.762,94415,852184,177373,531
2025-06-25$143.75$143.0015.8%4.9%10.2%9.6%16.3%4.8%-1.4%8.4M-25.2M-7.2M2.6950.423,87410,423184,761382,135
2025-06-26$145.32$143.0014.9%4.3%10.7%7.0%17.1%4.3%-0.3%49.6M-242.9M-7.2M2.4954.101,3143,267186,350388,287
2025-06-27$146.41$143.0014.8%4.2%10.9%6.7%15.2%4.2%0.3%78.7M-427.0M-7.2M0.6551.506,7924,424186,757390,541
2025-06-30$147.40$144.0015.5%4.3%11.1%8.9%19.7%4.8%-0.3%104.7M-603.3M-7.0M3.7963.321,4305,416190,309387,492