XLP Options History — August 2025

In August 2025, XLP traded between $80.23 and $83.25. ATM implied volatility averaged 12.0%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 3.4%. IV traded above realized volatility by 1.9% (HV 20d: 10.1%). Max pain ranged from $81.00 to $83.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 6.94.

Notable Days

  • 2025-08-11: Highest Volume — 272,073 contracts
  • 2025-08-25: Largest IV spike — 9.6% change
  • 2025-08-01: Highest IV Rank — 21.3%
  • 2025-08-01: Largest Expected Move — 4.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$81.69$80.23$83.25$80.23$80.78
Max Pain$82.00$81.00$83.00$81.00$82.00
ATM IV12.0%10.8%13.7%13.7%11.8%
Expected Move3.4%3.0%4.0%4.0%3.2%
HV 20d10.1%8.7%12.0%8.7%11.9%
HV 60d10.3%9.8%10.9%10.4%10.5%
IV Rank14.6%10.0%21.3%21.3%13.8%
IV Percentile33.7%7.9%71.8%71.8%23.0%
Term Structure0.4%-0.5%2.1%0.4%1.0%
VWIV11.8%8.8%14.7%14.7%11.5%
Skew 25d2.7%-1.0%3.6%-1.0%3.5%
Skew 10d6.3%0.8%10.2%0.8%6.5%
Call IV 25d10.8%9.8%12.1%12.1%10.6%
Put IV 25d13.5%11.1%14.6%11.1%14.1%
Bid-Ask Spread %54.0820.2468.2768.2746.39
Gamma HHI0.210.140.330.170.31
Net GEX-69.2M-113.8M-23.7M-96.6M-103.7M
Net DEX276.6M8.6M582.1M516.2M480.3M
Net VEX-3.5M-3.7M-3.2M-3.7M-3.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.940.2394.831.675.63
Total Volume29,649.7146,476272,07327,49233,581
Total OI468,016.667432,323502,005442,231475,270

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$80.23$81.0013.7%4.0%8.7%21.3%14.7%-1.0%0.4%-96.6M516.2M-3.7M1.6768.2710,29417,19893,410348,821
2025-08-04$80.63$82.0012.4%3.6%8.9%16.4%8.8%3.5%0.5%-100.9M449.3M-3.5M1.0355.315,8456,02492,321357,664
2025-08-05$80.49$83.0012.1%3.9%8.7%15.0%13.3%2.9%1.0%-108.0M477.1M-3.6M2.8358.134,80213,58296,411360,409
2025-08-06$81.78$82.0012.2%3.7%9.9%15.4%12.6%3.3%0.1%-67.0M237.5M-3.4M0.5661.8217,4379,73898,911364,170
2025-08-07$82.25$82.0012.8%3.7%9.8%18.0%11.5%2.9%-0.1%-44.9M96.0M-3.4M6.4561.832,20814,241112,408366,578
2025-08-08$82.38$82.0011.9%3.5%9.7%14.3%13.0%2.2%0.9%-36.2M22.2M-3.2M2.6962.054,36911,773112,332367,084
2025-08-11$82.52$82.0011.9%3.3%9.7%14.5%13.5%3.0%-0.5%-34.0M62.1M-3.2M94.8359.052,839269,234111,597367,308
2025-08-12$82.48$82.0011.6%3.5%9.1%13.2%12.8%2.5%0.5%-49.0M122.9M-3.6M3.4958.364,11714,370112,726374,633
2025-08-13$82.69$82.0011.7%3.2%9.1%13.4%11.3%2.1%-0.4%-36.0M92.1M-3.5M0.4160.1916,9366,976115,161379,254
2025-08-14$81.91$82.0011.3%3.2%9.5%12.0%11.2%2.6%-0.3%-88.4M253.5M-3.5M4.8756.114,17420,334110,495383,115
2025-08-15$82.09$82.0011.6%3.3%9.5%13.0%11.9%2.1%-0.2%-43.7M213.7M-3.6M3.9853.123,25112,940112,283389,722
2025-08-18$81.97$82.0010.8%3.1%9.5%10.0%11.0%2.8%1.2%-54.0M239.1M-3.5M5.1947.882,37912,340107,310325,013
2025-08-19$82.62$82.0011.2%3.2%9.5%11.5%10.4%3.2%0.5%-43.9M122.5M-3.2M3.0760.524,76014,611108,664331,212
2025-08-20$83.25$82.0012.2%3.5%9.8%15.7%11.8%3.1%0.7%-23.7M8.6M-3.2M0.2352.6010,4382,354112,146333,609
2025-08-21$82.34$82.0012.2%3.5%10.7%15.6%12.5%2.7%0.2%-57.4M221.6M-3.6M0.9752.373,2923,184115,975352,205
2025-08-22$82.44$82.0011.2%3.0%10.7%11.6%10.9%2.4%2.1%-51.5M185.1M-3.5M0.4051.925,5052,176116,896353,951
2025-08-25$81.06$82.0012.3%3.3%11.8%15.9%12.0%2.9%-0.4%-86.6M415.9M-3.6M1.2252.355,9327,225113,743347,129
2025-08-26$80.53$82.0012.4%3.3%12.0%16.4%11.4%3.4%0.4%-111.3M523.7M-3.7M0.6648.994,9773,306114,708350,755
2025-08-27$80.72$82.0011.9%3.3%11.7%14.5%12.3%3.6%0.1%-101.9M487.3M-3.6M2.7848.284,96813,825116,758349,712
2025-08-28$80.28$82.0012.2%3.3%11.7%15.6%9.9%3.5%0.1%-113.8M582.1M-3.7M2.7420.244,04111,068119,694356,787
2025-08-29$80.78$82.0011.8%3.2%11.9%13.8%11.5%3.5%1.0%-103.7M480.3M-3.6M5.6346.395,06328,518120,782354,488