XLU Options History — October 2009

In October 2009, XLU traded between $14.20 and $15.05. ATM implied volatility averaged 19.1%, placing in the 6.9% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 5.8% (HV 20d: 13.3%). Max pain ranged from $14.50 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 1.70.

Notable Days

  • 2009-10-01: Highest Volume — 109,850 contracts
  • 2009-10-30: Largest IV spike — 20.9% change
  • 2009-10-30: Highest IV Rank — 21.4%
  • 2009-10-30: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.62$14.20$15.05$14.41$14.20
Max Pain$14.59$14.50$15.00$14.50$15.00
ATM IV19.1%16.9%23.9%20.4%23.9%
Expected Move5.6%5.0%6.9%5.8%6.9%
HV 20d13.3%11.5%15.2%12.0%15.2%
HV 60d13.6%12.4%14.9%14.6%13.1%
IV Rank6.9%1.9%21.4%4.0%21.4%
IV Percentile17.3%3.6%46.4%23.8%46.4%
Term Structure1.3%0.1%2.2%0.6%0.1%
VWIV19.3%17.4%21.7%19.5%21.7%
Skew 25d2.6%1.0%5.1%1.5%5.1%
Skew 10d6.7%-0.8%12.7%-0.8%9.7%
Call IV 25d18.5%16.6%20.9%19.6%20.0%
Put IV 25d21.1%18.6%25.1%21.0%25.1%
Bid-Ask Spread %12.788.7219.9715.0319.97
Gamma HHI0.400.330.520.330.38
Net GEX26.6M14.8M43.1M14.8M17.9M
Net DEX-196.7M-324.2M-60.1M-115.3M-60.1M
Net VEX-1.6M-1.8M-1.3M-1.3M-1.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.700.0316.170.034.20
Total Volume26,456.9091,986109,850109,85066,318
Total OI766,912.364598,156830,214598,156816,082

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2009-10-01$14.41$14.5020.4%5.8%12.0%4.0%19.5%1.5%0.6%14.8M-115.3M-1.3M0.0315.03106,6663,184469,866128,290
2009-10-02$14.26$14.5020.4%5.8%12.6%4.0%20.9%2.1%0.9%18.3M-121.1M-1.4M0.1214.1436,8664,502564,758130,558
2009-10-05$14.41$14.5020.1%6.0%13.1%3.8%20.8%4.3%0.6%23.1M-163.6M-1.5M0.0916.7037,0983,198598,592134,306
2009-10-06$14.53$14.5019.2%5.8%13.4%3.3%21.3%3.6%1.5%26.9M-199.6M-1.6M0.9211.421,6581,522617,306143,618
2009-10-07$14.54$14.5018.8%5.8%13.4%3.0%20.1%3.4%1.1%23.9M-184.8M-1.6M0.8011.823,7362,972601,094144,462
2009-10-08$14.54$14.5018.4%5.7%13.4%2.8%19.8%3.3%1.6%25.2M-191.6M-1.6M2.4616.5412,71031,242602,520144,412
2009-10-09$14.63$14.5016.9%5.6%13.5%1.9%19.5%3.2%1.6%28.0M-216.7M-1.6M16.179.241,49624,194614,124151,998
2009-10-12$14.78$14.5018.9%5.4%13.0%3.1%18.6%3.3%1.1%32.7M-253.8M-1.7M0.2212.5311,5602,554622,476164,144
2009-10-13$14.67$14.5018.7%5.8%13.0%3.0%19.6%1.7%2.1%24.7M-209.2M-1.6M0.1412.0910,6621,494615,308165,506
2009-10-14$14.68$14.5019.7%5.6%11.5%3.5%18.2%3.4%1.1%29.0M-217.8M-1.6M1.0112.0023,69823,926618,158165,830
2009-10-15$14.79$14.5018.3%5.3%11.8%2.8%18.6%3.5%1.2%35.2M-251.2M-1.7M0.1712.8614,8682,460633,640187,234
2009-10-16$14.85$14.5017.7%5.1%11.7%7.6%17.6%2.9%1.0%43.1M-266.6M-1.7M0.169.9119,7583,202642,578187,636
2009-10-19$15.05$14.5018.0%5.2%12.5%8.0%17.7%1.9%1.5%30.7M-324.2M-1.8M0.4314.1314,3066,202581,592157,372
2009-10-20$14.90$14.5017.5%5.0%13.1%7.1%17.4%2.2%1.3%30.4M-271.1M-1.7M4.838.722,29211,076588,286160,588
2009-10-21$14.93$14.5017.9%5.1%13.0%7.8%17.4%1.8%1.9%29.0M-267.3M-1.7M0.0713.6431,7842,310580,712171,060
2009-10-22$14.96$14.5017.8%5.1%12.9%7.7%18.1%1.1%1.9%31.3M-293.0M-1.8M0.3012.2710,1383,078610,176171,218
2009-10-23$14.71$14.5018.6%5.3%14.3%9.2%18.3%1.6%2.2%28.3M-210.2M-1.7M0.469.044,1801,936613,902171,926
2009-10-26$14.52$14.5019.4%5.6%14.8%10.6%18.9%1.6%1.4%23.9M-144.3M-1.5M0.589.865,0982,972610,814172,922
2009-10-27$14.48$15.0019.4%5.6%14.7%10.6%19.6%1.0%1.0%24.4M-141.2M-1.5M0.8610.491,070916631,706179,666
2009-10-28$14.34$15.0020.7%5.9%15.0%14.7%20.8%1.7%0.9%21.4M-100.5M-1.4M2.4012.342,1845,238633,376180,086
2009-10-29$14.46$15.0019.8%5.7%14.1%12.8%19.7%2.9%1.2%23.2M-123.7M-1.5M0.9516.4813,20612,522613,690178,484
2009-10-30$14.20$15.0023.9%6.9%15.2%21.4%21.7%5.1%0.1%17.9M-60.1M-1.3M4.2019.9712,75653,562625,506190,576