XLU Options History — April 2023

In April 2023, XLU traded between $33.70 and $34.94. ATM implied volatility averaged 17.8%, placing in the 11.6% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 0.1% (HV 20d: 17.9%). Max pain ranged from $33.00 to $34.50. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 2.13.

Notable Days

2023-04-14: Highest Volume — 68,048 contracts
2023-04-25: Largest IV spike — 7.5% change
2023-04-10: Highest IV Rank — 24.9%
2023-04-10: Largest Expected Move — 5.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$34.57	$33.70	$34.94	$33.70	$34.50
Max Pain	$34.00	$33.00	$34.50	$33.00	$34.50
ATM IV	17.8%	16.0%	20.0%	19.1%	16.4%
Expected Move	5.0%	4.6%	5.5%	5.3%	4.6%
HV 20d	17.9%	11.8%	22.3%	21.5%	14.2%
HV 60d	18.4%	18.0%	18.9%	18.8%	18.5%
IV Rank	11.6%	0.3%	24.9%	22.0%	2.3%
IV Percentile	14.9%	0.4%	46.4%	31.3%	2.0%
Term Structure	-0.1%	-0.7%	0.2%	0.2%	0.1%
VWIV	18.4%	15.8%	20.2%	19.0%	15.8%
Skew 25d	3.7%	3.3%	4.2%	3.8%	4.1%
Skew 10d	8.1%	6.7%	8.9%	8.4%	8.9%
Call IV 25d	16.1%	14.4%	18.2%	17.6%	14.6%
Put IV 25d	19.8%	17.8%	22.2%	21.4%	18.7%
Bid-Ask Spread %	6.81	3.14	16.47	11.88	6.99
Gamma HHI	0.10	0.06	0.51	0.07	0.09
Net GEX	-2.3M	-85.9M	13.2M	7.0M	-9.5M
Net DEX	-80.1M	-215.0M	136.5M	-14.3M	52.6M
Net VEX	-3.6M	-3.9M	-3.5M	-3.5M	-3.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.13	0.58	6.99	1.11	6.99
Total Volume	39,764.105	16,776	68,048	37,610	52,748
Total OI	704,987.053	608,702	768,954	608,702	753,154

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-04-03	$33.70	$33.00	19.1%	5.3%	21.5%	22.0%	19.0%	3.8%	0.2%	7.0M	-14.3M	-3.5M	1.11	11.88	17,842	19,768	252,372	356,330
2023-04-04	$33.78	$33.00	19.2%	5.3%	20.7%	22.4%	19.4%	4.1%	0.2%	7.9M	-19.7M	-3.6M	1.92	16.47	8,462	16,250	263,782	368,258
2023-04-05	$34.66	$33.00	18.9%	5.1%	22.3%	20.2%	19.1%	3.5%	0.2%	13.2M	-186.9M	-3.6M	1.86	8.80	17,818	33,134	267,120	376,814
2023-04-06	$34.83	$33.50	19.0%	5.4%	22.0%	18.6%	19.8%	3.6%	0.1%	8.9M	-215.0M	-3.6M	1.06	8.62	31,462	33,416	273,110	396,404
2023-04-10	$34.76	$34.00	20.0%	5.5%	20.6%	24.9%	19.6%	4.0%	-0.7%	5.4M	-151.1M	-3.6M	1.15	7.44	14,562	16,738	265,092	401,084
2023-04-11	$34.89	$34.00	19.1%	5.4%	19.7%	19.2%	20.2%	3.6%	-0.2%	8.7M	-189.4M	-3.6M	0.95	4.64	19,198	18,230	272,186	409,056
2023-04-12	$34.77	$34.00	19.1%	5.3%	19.8%	19.1%	19.7%	3.6%	-0.5%	7.4M	-155.1M	-3.6M	1.11	5.32	15,160	16,836	268,584	412,466
2023-04-13	$34.89	$34.00	17.8%	5.1%	19.2%	11.2%	19.5%	3.6%	-0.1%	9.0M	-176.1M	-3.6M	2.36	5.08	17,736	41,826	276,098	423,478
2023-04-14	$34.48	$34.00	17.9%	5.2%	19.7%	11.9%	19.8%	3.7%	0.1%	-85.9M	-64.4M	-3.7M	4.72	6.09	11,906	56,142	286,422	444,450
2023-04-17	$34.55	$34.00	17.3%	5.0%	19.2%	8.3%	17.5%	3.5%	-0.2%	2.1M	-81.0M	-3.6M	2.71	3.83	8,776	23,746	279,910	446,324
2023-04-18	$34.49	$34.00	16.8%	4.8%	19.2%	4.9%	16.9%	3.6%	0.1%	742.8K	-57.5M	-3.6M	2.00	3.45	5,638	11,268	283,282	461,546
2023-04-19	$34.69	$34.00	16.3%	4.7%	17.7%	1.7%	18.1%	3.3%	-0.2%	6.3M	-119.7M	-3.6M	2.41	10.81	10,914	26,294	284,084	466,396
2023-04-20	$34.59	$34.50	16.7%	4.8%	17.0%	4.1%	18.3%	3.5%	0.1%	2.0M	-86.1M	-3.6M	1.15	3.81	9,666	11,136	287,344	473,176
2023-04-21	$34.76	$34.50	16.1%	4.6%	14.9%	0.5%	16.5%	3.4%	0.2%	11.4M	-145.2M	-3.5M	2.80	3.14	15,156	42,370	288,562	480,392
2023-04-24	$34.92	$34.50	16.0%	4.6%	11.8%	0.3%	16.6%	3.6%	-0.0%	-1.9M	-55.1M	-3.6M	1.95	4.10	9,762	19,040	250,594	437,534
2023-04-25	$34.94	$34.50	17.2%	4.9%	11.9%	7.7%	17.5%	3.7%	-0.5%	-1.8M	-61.5M	-3.7M	2.56	8.20	12,984	33,294	254,250	448,904
2023-04-26	$34.17	$34.50	18.3%	5.3%	14.9%	14.4%	18.8%	4.2%	-0.3%	-20.1M	136.5M	-3.9M	1.06	4.26	19,170	20,294	262,860	473,906
2023-04-27	$34.48	$34.50	17.1%	4.8%	14.3%	7.0%	17.0%	3.9%	-0.1%	-14.2M	67.2M	-3.9M	0.58	6.40	10,644	6,132	267,070	482,360
2023-04-28	$34.50	$34.50	16.4%	4.6%	14.2%	2.3%	15.8%	4.1%	0.1%	-9.5M	52.6M	-3.8M	6.99	6.99	6,600	46,148	269,660	483,494