XLU Options History — August 2014

In August 2014, XLU traded between $20.09 and $21.64. ATM implied volatility averaged 14.1%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 4.1%. IV traded below realized volatility by 1.3% (HV 20d: 15.4%). Max pain ranged from $19.00 to $20.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.63.

Notable Days

  • 2014-08-04: Highest Volume — 144,308 contracts
  • 2014-08-04: Largest IV spike — 19.3% change
  • 2014-08-06: Highest IV Rank — 33.2%
  • 2014-08-06: Largest Expected Move — 4.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.92$20.09$21.64$20.70$21.64
Max Pain$19.29$19.00$20.00$19.00$20.00
ATM IV14.1%11.9%16.8%13.1%11.9%
Expected Move4.1%3.8%4.6%4.2%3.9%
HV 20d15.4%13.6%16.6%13.9%13.7%
HV 60d14.1%13.5%14.6%13.8%14.6%
IV Rank22.4%13.8%33.2%18.6%13.8%
IV Percentile69.2%21.0%97.6%60.3%21.0%
Term Structure-0.1%-5.3%1.2%-5.3%-0.4%
VWIV15.5%12.7%17.5%13.5%14.8%
Skew 25d2.4%1.6%5.5%5.5%2.6%
Skew 10d4.9%3.4%6.4%6.0%4.1%
Call IV 25d12.9%10.7%16.2%11.5%10.7%
Put IV 25d15.3%13.3%18.2%17.0%13.3%
Bid-Ask Spread %23.7515.7946.7831.9325.42
Gamma HHI0.150.110.190.110.19
Net GEX-3.8M-10.9M3.7M-9.1M-2.6M
Net DEX42.2M-105.4M222.5M163.9M-105.4M
Net VEX-1.4M-1.7M-1.2M-1.3M-1.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.630.1510.692.120.36
Total Volume38,076.199,398144,30820,88413,758
Total OI551,204.762445,430631,214452,202536,412

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-08-01$20.70$19.0013.1%4.2%13.9%18.6%13.5%5.5%-5.3%-9.1M163.9M-1.3M2.1231.936,69614,188176,930275,272
2014-08-04$20.56$19.0015.7%4.3%13.9%28.7%17.5%3.3%-0.1%-10.9M181.0M-1.2M0.8620.0177,78266,526170,846274,584
2014-08-05$20.34$19.0016.2%4.3%13.8%30.6%16.5%2.6%-0.1%-3.5M178.0M-1.3M0.4018.8023,7029,562226,782303,392
2014-08-06$20.09$19.0016.8%4.6%14.2%33.2%16.3%2.0%-0.1%-5.5M222.5M-1.3M1.3215.7953,37670,672226,728306,558
2014-08-07$20.32$19.0016.4%4.4%14.7%31.4%15.8%2.6%-0.2%-2.4M182.0M-1.6M0.3920.0211,0824,322268,004355,150
2014-08-08$20.72$19.0015.1%4.4%16.6%26.5%17.1%2.2%0.8%-5.2M59.0M-1.7M1.0120.9813,13813,292274,250355,602
2014-08-11$20.61$19.0015.7%4.4%16.3%28.9%16.1%2.0%0.9%-8.6M104.8M-1.7M0.7716.176,6385,086263,014361,366
2014-08-12$20.63$19.0014.8%4.4%16.1%25.4%16.3%2.1%1.2%-9.4M101.5M-1.6M6.7716.462,55617,292262,008363,206
2014-08-13$20.73$19.0013.7%4.2%16.2%21.0%16.8%2.3%0.9%-7.6M94.0M-1.6M0.9017.345,7585,186262,522368,692
2014-08-14$20.91$19.5013.0%4.0%16.4%18.0%15.4%2.1%1.2%1.9M31.3M-1.5M0.4515.9517,6447,984258,524364,892
2014-08-15$20.99$19.5013.4%4.1%16.1%19.6%17.2%2.2%1.0%3.7M-12.4M-1.5M10.6922.029,07697,034261,040365,532
2014-08-18$20.93$19.0013.3%4.0%16.1%19.3%13.5%2.2%-0.3%-385.1K-11.8M-1.4M0.6323.0851,07632,202221,876309,142
2014-08-19$21.11$19.0013.0%4.0%16.4%18.1%15.5%2.6%-0.4%-997.2K-42.7M-1.4M0.9928.7413,50613,322201,488304,750
2014-08-20$21.24$19.0012.7%4.0%16.6%16.8%15.5%2.0%-0.4%-4.9M-36.8M-1.3M0.4819.096,3383,060199,476316,394
2014-08-21$21.29$19.0012.8%3.8%16.5%17.3%12.7%1.9%-0.1%-954.4K-67.1M-1.3M0.8123.6310,1448,172200,620317,838
2014-08-22$21.23$19.5012.6%4.0%16.3%16.6%14.4%1.7%0.3%-1.4M-33.7M-1.3M2.4635.169,03222,228194,846316,398
2014-08-25$21.37$20.0013.4%3.8%15.5%19.6%15.6%1.9%-0.8%-1.4M-59.3M-1.2M1.2146.7813,71816,606191,434324,108
2014-08-26$21.11$19.5013.8%4.1%15.6%21.3%14.7%2.4%-0.2%-8.5M20.9M-1.4M0.1527.2919,5342,962190,078338,466
2014-08-27$21.27$20.0015.0%3.9%15.2%25.9%14.7%2.3%0.5%-2.8M-22.9M-1.3M0.2924.998,8342,582194,112339,798
2014-08-28$21.50$20.0013.6%3.8%13.6%20.5%16.4%1.6%-0.4%11.2K-60.6M-1.3M1.1529.086,4807,454192,308340,862
2014-08-29$21.64$20.0011.9%3.9%13.7%13.8%14.8%2.6%-0.4%-2.6M-105.4M-1.2M0.3625.4210,1423,616193,950342,462