XLP Options History — October 2025

In October 2025, XLP traded between $76.47 and $79.73. ATM implied volatility averaged 13.7%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 4.0%. IV traded above realized volatility by 2.4% (HV 20d: 11.3%). Max pain ranged from $79.00 to $81.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 1.89.

Notable Days

  • 2025-10-06: Highest Volume — 33,029 contracts
  • 2025-10-29: Largest IV spike — 11.0% change
  • 2025-10-29: Highest IV Rank — 25.9%
  • 2025-10-29: Largest Expected Move — 4.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$78.38$76.47$79.73$78.25$76.47
Max Pain$80.13$79.00$81.00$80.00$79.00
ATM IV13.7%12.4%14.8%13.3%14.8%
Expected Move4.0%3.5%4.5%3.8%4.3%
HV 20d11.3%10.0%13.4%11.3%13.2%
HV 60d10.9%10.4%12.0%10.6%11.4%
IV Rank21.4%16.5%25.9%19.7%25.7%
IV Percentile70.3%44.0%82.1%67.1%81.7%
Term Structure-0.3%-4.9%0.4%0.3%-0.3%
VWIV14.1%12.4%16.4%13.1%15.9%
Skew 25d2.4%1.7%3.3%2.7%2.8%
Skew 10d4.5%0.8%9.5%4.4%5.5%
Call IV 25d13.0%11.7%14.6%12.1%13.7%
Put IV 25d15.4%13.6%17.2%14.8%16.4%
Bid-Ask Spread %34.017.6866.0812.9561.03
Gamma HHI0.430.270.630.490.40
Net GEX-203.3M-427.2M-44.9M-255.5M-123.7M
Net DEX776.3M226.0M1.36B1.03B890.8M
Net VEX-4.3M-4.9M-3.6M-4.8M-4.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.890.159.387.651.46
Total Volume15,078.133,21233,02911,92626,927
Total OI513,550.696389,009618,994553,385451,688

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-10-01$78.25$80.0013.3%3.8%11.3%19.7%13.1%2.7%0.3%-255.5M1.03B-4.8M7.6512.951,37810,54876,705476,680
2025-10-02$77.90$80.0013.3%3.7%11.3%20.0%13.2%2.2%0.2%-275.4M1.15B-4.8M1.2015.851,4621,75076,979479,466
2025-10-03$78.16$80.0013.2%3.7%11.4%19.6%12.4%2.5%0.2%-276.0M1.06B-4.7M1.267.682,5373,20077,310479,110
2025-10-06$77.44$81.0013.7%4.1%11.6%21.6%14.6%2.3%0.2%-301.7M1.36B-4.6M9.3831.493,18229,84776,622478,318
2025-10-07$78.06$81.0013.8%4.0%11.8%21.7%14.4%2.5%0.1%-315.5M1.14B-4.8M1.6826.439,34415,73377,837505,525
2025-10-08$77.78$81.0013.4%3.9%11.3%20.2%13.8%2.8%0.3%-343.4M1.28B-4.9M1.6634.912,3963,96983,162510,360
2025-10-09$78.03$81.0013.6%4.0%10.8%21.0%14.0%3.0%0.1%-365.5M1.18B-4.9M0.8929.524,2593,78385,634512,972
2025-10-10$78.28$80.0014.8%4.4%10.9%25.7%14.7%3.1%-0.1%-299.1M1.08B-4.9M0.1546.9917,1522,54187,736514,676
2025-10-13$77.78$80.0014.5%4.2%10.3%24.6%16.4%2.7%0.3%-396.9M1.29B-4.8M4.5938.714,09118,76297,955512,511
2025-10-14$78.88$80.0014.0%4.1%11.5%22.5%14.5%3.3%0.1%-324.2M722.4M-4.4M0.5538.937,2414,00899,366512,780
2025-10-15$79.20$80.0014.2%4.2%11.4%23.6%14.3%2.2%0.2%-268.9M640.8M-4.2M0.6732.076,2744,22398,985514,482
2025-10-16$78.66$80.0014.3%4.1%11.4%23.7%14.7%1.7%0.2%-427.2M776.9M-4.2M1.0429.688,7709,15498,146517,034
2025-10-17$79.68$80.0014.5%4.0%12.3%24.5%14.4%2.4%-0.7%-64.8M326.4M-3.9M0.7537.458,1356,109102,729516,265
2025-10-20$79.65$80.0013.0%3.7%10.2%18.8%12.7%2.2%0.0%-53.5M263.8M-3.6M0.2722.7613,0633,53979,391309,618
2025-10-21$79.31$80.0012.9%3.7%10.3%18.1%13.4%2.6%-0.3%-54.1M337.9M-3.8M0.7523.432,1741,63985,914312,178
2025-10-22$79.73$80.0013.3%3.8%10.4%20.0%13.2%2.2%-0.7%-44.9M226.0M-3.6M0.3435.976,1132,07986,262312,077
2025-10-23$79.38$80.0012.7%3.6%10.0%17.5%13.1%2.5%0.3%-55.5M305.2M-3.8M0.7848.862,1521,68892,096317,284
2025-10-24$79.13$80.0012.4%3.5%10.2%16.5%12.9%1.9%0.4%-64.3M334.0M-3.8M0.5531.943,5681,97692,463317,623
2025-10-27$79.09$80.0012.7%3.7%10.2%17.5%13.5%1.7%-0.3%-59.5M337.6M-3.7M5.0130.163,47817,44089,773315,754
2025-10-28$78.53$80.0013.4%4.0%10.4%20.1%13.9%2.1%-4.9%-76.4M470.2M-3.9M0.7727.348,6706,66593,078332,027
2025-10-29$76.69$80.0014.8%4.5%13.4%25.9%15.6%2.1%-1.7%-114.3M842.6M-4.0M1.4052.0610,56414,80393,079333,005
2025-10-30$76.68$80.0014.5%4.2%13.3%24.6%15.1%2.1%-0.3%-116.2M817.0M-4.0M0.7466.0817,50412,90794,039334,972
2025-10-31$76.47$79.0014.8%4.3%13.2%25.7%15.9%2.8%-0.3%-123.7M890.8M-4.2M1.4661.0310,96315,964109,823341,865