XLU Options History — May 2014

In May 2014, XLU traded between $20.74 and $21.70. ATM implied volatility averaged 13.1%, placing in the 18.4% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 1.6% (HV 20d: 14.6%). Max pain ranged from $19.00 to $19.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 4.12.

Notable Days

  • 2014-05-01: Highest Volume — 157,692 contracts
  • 2014-05-27: Largest IV drop — 15.0% change
  • 2014-05-23: Highest IV Rank — 22.8%
  • 2014-05-02: Largest Expected Move — 4.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.15$20.74$21.70$21.70$21.38
Max Pain$19.00$19.00$19.00$19.00$19.00
ATM IV13.1%11.9%14.2%13.4%11.9%
Expected Move4.1%3.4%4.2%4.1%3.9%
HV 20d14.6%10.4%16.3%10.4%15.0%
HV 60d12.1%10.4%12.6%10.4%12.4%
IV Rank18.4%13.7%22.8%19.8%13.7%
IV Percentile48.1%16.3%71.0%57.9%16.3%
Term Structure0.3%-1.1%6.4%-0.2%0.1%
VWIV15.3%7.2%17.8%14.0%16.5%
Skew 25d2.1%1.1%2.8%2.8%2.3%
Skew 10d5.1%3.1%6.5%5.0%5.9%
Call IV 25d12.1%10.7%13.2%12.4%11.2%
Put IV 25d14.3%13.0%15.8%15.2%13.5%
Bid-Ask Spread %17.299.5098.5810.6814.60
Gamma HHI0.270.170.480.170.25
Net GEX-38.5M-64.8M-5.3M-5.3M-10.0M
Net DEX1.9M-316.1M178.6M-316.1M-95.4M
Net VEX-2.2M-2.5M-2.0M-2.3M-2.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.120.2419.053.489.40
Total Volume49,356.95212,820157,692157,692134,470
Total OI843,451.619732,940966,286833,112762,824

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-05-01$21.70$19.0013.4%4.1%10.4%19.8%14.0%2.8%-0.2%-5.3M-316.1M-2.3M3.4810.6835,162122,530367,780465,332
2014-05-02$21.25$19.0014.1%4.2%13.3%22.4%15.5%2.6%0.1%-42.3M-21.6M-2.5M1.9411.8746,04289,464349,722551,514
2014-05-05$21.44$19.0013.6%4.2%13.5%20.6%15.2%2.5%-0.2%-42.1M-99.3M-2.5M1.6416.294,8647,956333,046556,032
2014-05-06$21.34$19.0013.7%4.1%13.7%20.7%16.3%1.9%-0.1%-46.9M-60.2M-2.5M4.589.505,57025,494339,198558,628
2014-05-07$21.68$19.0012.7%4.1%14.3%17.1%15.2%2.5%-0.0%-28.7M-219.3M-2.4M1.5015.0816,25224,410339,942557,860
2014-05-08$21.48$19.0013.2%4.1%14.8%18.9%16.0%2.4%-0.4%-42.5M-142.6M-2.4M0.6411.2431,48220,264348,802567,354
2014-05-09$21.13$19.0012.9%4.1%16.0%17.9%14.7%1.8%-0.5%-37.2M9.3M-2.5M1.6314.1219,06831,110352,044564,640
2014-05-12$20.96$19.0013.3%4.2%16.3%19.3%15.2%2.1%1.2%-47.3M98.3M-2.4M19.0511.294,86492,680358,996528,552
2014-05-13$20.95$19.0012.9%4.1%16.1%17.9%15.8%2.3%1.1%-62.3M105.1M-2.4M5.519.873,93021,658359,422595,028
2014-05-14$21.11$19.0012.8%4.2%15.7%17.3%17.1%1.6%1.1%-42.6M2.1M-2.3M4.8111.886,01228,898360,730592,328
2014-05-15$21.04$19.0013.2%3.4%15.1%18.8%7.2%1.5%1.3%-46.2M49.9M-2.3M4.5298.585,53025,018359,842587,066
2014-05-16$21.07$19.0013.2%4.1%14.0%18.8%17.8%2.0%1.2%-58.4M26.9M-2.2M1.9010.7411,27821,388362,004604,282
2014-05-19$20.74$19.0013.9%4.2%15.1%21.8%15.3%2.4%-1.1%-30.0M174.1M-2.1M9.0411.984,44640,202303,674429,266
2014-05-20$20.75$19.0013.8%4.1%15.0%21.3%16.9%2.3%-1.0%-28.8M171.5M-2.1M3.0511.265,17815,794304,550429,532
2014-05-21$20.76$19.0013.0%4.0%15.0%18.1%15.7%2.2%0.3%-27.7M178.6M-2.0M1.7311.899,04015,636305,602431,494
2014-05-22$20.93$19.0012.7%4.0%15.1%16.8%16.5%2.1%-0.3%-39.6M107.3M-2.2M3.0513.044,53813,824313,776437,804
2014-05-23$21.02$19.0014.2%4.1%14.8%22.8%14.2%1.8%6.4%-64.8M67.1M-2.0M4.3321.685,70224,700316,392443,982
2014-05-27$21.03$19.0012.0%4.0%14.5%14.4%16.5%1.1%-0.2%-34.2M48.7M-2.0M0.2418.3314,3023,368313,182443,172
2014-05-28$21.17$19.0012.1%4.0%14.8%14.7%14.2%2.5%-0.4%-42.7M-15.1M-2.0M2.7217.188,26822,518308,400443,258
2014-05-29$21.23$19.0012.0%4.0%14.8%14.2%16.2%2.1%-0.9%-28.1M-30.1M-2.0M1.8012.094,8508,736314,152451,280
2014-05-30$21.38$19.0011.9%3.9%15.0%13.7%16.5%2.3%0.1%-10.0M-95.4M-2.0M9.4014.6012,924121,546317,058445,766