XLP Options History — April 2026

In April 2026, XLP traded between $81.02 and $83.48. ATM implied volatility averaged 16.6%, placing in the 32.8% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 2.7% (HV 20d: 14.0%). Max pain ranged from $83.00 to $85.00. Net GEX was positive for 0 of 14 trading days. Term structure was in contango for 7 of 14 days. Put/call ratio averaged 7.89.

Notable Days

  • 2026-04-16: Highest Volume — 113,749 contracts
  • 2026-04-08: Largest IV drop — 10.9% change
  • 2026-04-21: Highest IV Rank — 45.1%
  • 2026-04-07: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$81.96$81.02$83.48$81.68$81.80
Max Pain$83.96$83.00$85.00$85.00$83.50
ATM IV16.6%15.2%18.5%18.3%16.8%
Expected Move4.8%4.4%5.3%5.2%4.8%
HV 20d14.0%11.3%15.5%13.3%13.9%
HV 60d14.7%14.4%15.0%14.7%15.0%
IV Rank32.8%20.6%45.1%33.1%45.1%
IV Percentile78.7%69.8%89.7%88.1%81.3%
Term Structure0.0%-0.4%0.6%0.0%-0.2%
VWIV17.7%16.2%20.6%18.2%18.0%
Skew 25d2.8%1.9%4.0%4.0%2.6%
Skew 10d5.6%-4.1%11.1%11.1%6.4%
Call IV 25d15.6%14.3%18.2%16.6%16.1%
Put IV 25d18.4%16.2%20.6%20.6%18.6%
Bid-Ask Spread %30.4524.9940.2229.0736.55
Gamma HHI0.140.120.170.130.15
Net GEX-243.6M-331.2M-155.9M-241.8M-164.3M
Net DEX1.38B895.9M1.84B1.73B1.00B
Net VEX-7.4M-8.7M-6.6M-8.7M-6.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio7.891.3258.771.321.73
Total Volume29,430.14311,370113,74913,09613,338
Total OI893,925.714711,502942,157914,276722,389

Daily Data (14 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-04-01$81.68$85.0018.3%5.2%13.3%33.1%18.2%4.0%0.0%-241.8M1.73B-8.7M1.3229.075,6407,456101,756812,520
2026-04-02$81.74$84.0018.5%5.3%11.3%33.9%19.6%3.7%-0.1%-246.8M1.67B-8.5M2.1740.223,8838,435102,522813,296
2026-04-06$82.66$84.0018.0%5.2%12.1%31.8%20.6%2.5%-0.4%-229.1M1.40B-7.9M3.7727.463,17011,93898,211814,648
2026-04-07$81.34$84.0018.5%5.3%12.9%34.0%19.4%2.3%0.1%-275.9M1.84B-8.1M8.9432.786,18955,32199,093820,399
2026-04-08$82.62$84.0016.5%4.7%14.5%25.2%16.6%1.9%-0.3%-236.2M1.33B-7.5M1.6527.646,0309,96498,922808,498
2026-04-09$83.48$84.0015.5%4.4%14.4%20.6%16.8%2.6%0.4%-202.2M981.9M-6.8M3.9324.992,3069,06499,377811,731
2026-04-10$82.19$84.0016.1%4.6%15.3%23.5%16.6%3.0%0.1%-255.8M1.37B-7.3M2.0229.0716,20932,76499,816813,301
2026-04-13$81.34$84.0016.3%4.7%15.5%34.7%17.1%2.8%-0.4%-299.0M1.57B-7.5M4.8426.202,95414,307112,257829,900
2026-04-14$81.59$84.0015.5%4.4%15.4%29.8%16.5%3.3%0.1%-293.3M1.49B-7.3M7.9430.782,35618,709112,425828,564
2026-04-15$81.02$84.0015.8%4.5%15.5%37.4%17.0%2.7%0.3%-331.2M1.67B-7.4M4.2831.044,68920,073113,405828,322
2026-04-16$81.43$84.0016.1%4.6%13.6%39.4%16.2%2.5%-0.2%-308.4M1.41B-7.2M58.7730.261,903111,846115,849819,290
2026-04-17$82.47$84.0015.2%4.4%14.1%32.9%18.0%1.9%0.6%-170.8M895.9M-6.6M6.4631.543,74024,153116,637810,330
2026-04-20$82.08$83.0015.9%4.6%13.8%38.3%17.4%3.1%0.2%-155.9M905.4M-6.6M2.5728.774,36911,21693,239618,263
2026-04-21$81.80$83.5016.8%4.8%13.9%45.1%18.0%2.6%-0.2%-164.3M1.00B-6.8M1.7336.554,8808,45895,321627,068