XLU Options History — April 2024

In April 2024, XLU traded between $31.42 and $33.53. ATM implied volatility averaged 16.8%, placing in the 36.2% IV rank vs the trailing year. The 30-day expected move averaged 4.7%. IV traded above realized volatility by 2.5% (HV 20d: 14.3%). Max pain ranged from $31.50 to $32.50. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 1.26.

Notable Days

  • 2024-04-19: Highest Volume — 82,678 contracts
  • 2024-04-10: Largest IV drop — 16.1% change
  • 2024-04-09: Highest IV Rank — 53.3%
  • 2024-04-19: Largest Expected Move — 5.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.68$31.42$33.53$32.67$33.47
Max Pain$32.34$31.50$32.50$31.50$32.50
ATM IV16.8%15.4%19.1%15.4%16.2%
Expected Move4.7%4.3%5.2%4.3%4.9%
HV 20d14.3%12.3%16.8%14.1%15.2%
HV 60d15.7%15.1%16.2%16.2%15.5%
IV Rank36.2%25.5%53.3%25.6%31.2%
IV Percentile58.4%27.4%88.9%27.4%42.1%
Term Structure-0.4%-3.6%2.1%2.1%-1.2%
VWIV16.8%15.5%18.6%15.5%17.6%
Skew 25d1.5%-2.9%9.5%1.3%-2.9%
Skew 10d3.4%0.8%4.6%3.7%2.7%
Call IV 25d16.3%14.8%19.7%15.0%19.7%
Put IV 25d17.9%16.1%24.3%16.2%16.8%
Bid-Ask Spread %37.4219.4648.3536.1639.11
Gamma HHI0.100.060.180.090.07
Net GEX26.5M-18.6M54.6M33.8M5.0M
Net DEX-349.2M-542.2M182.8M-412.9M-496.4M
Net VEX-7.1M-7.4M-6.8M-6.9M-6.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.413.262.191.00
Total Volume46,728.63624,11882,67865,07828,334
Total OI1,501,622.2731,326,7021,616,5161,406,9801,531,282

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$32.67$31.5015.4%4.3%14.1%25.6%15.5%1.3%2.1%33.8M-412.9M-6.9M2.1936.1620,38044,698506,648900,332
2024-04-02$32.67$32.0016.3%4.4%13.0%32.2%16.4%1.0%-0.4%29.1M-411.4M-7.1M0.6848.3517,73412,050516,200943,934
2024-04-03$32.63$32.0015.7%4.5%12.8%27.6%16.1%1.3%-0.1%31.6M-395.2M-7.0M0.4744.5523,19810,946523,278948,890
2024-04-04$32.42$32.5017.8%4.9%12.5%43.2%16.9%0.5%-2.4%26.8M-303.3M-7.3M0.8030.7135,13828,002537,272952,162
2024-04-05$32.56$32.5016.9%4.6%12.3%36.5%16.1%-1.8%0.7%54.6M-400.2M-7.4M0.4730.4332,07415,030563,898970,400
2024-04-08$32.76$32.5017.3%4.5%12.4%39.9%16.0%1.7%-3.6%48.1M-473.2M-7.1M1.7845.219,23616,464562,246965,250
2024-04-09$32.91$32.5019.1%4.5%12.4%53.3%15.8%0.5%-0.5%51.2M-514.4M-7.2M1.5819.469,51215,024564,872971,714
2024-04-10$32.39$32.5016.1%4.5%13.5%30.3%17.0%2.2%0.2%33.0M-293.3M-7.3M1.5124.8014,55021,962568,784978,392
2024-04-11$32.45$32.5015.8%4.5%13.3%28.1%16.3%1.5%0.1%35.7M-326.8M-7.1M1.0025.3317,87217,910573,258989,040
2024-04-12$32.13$32.5017.5%5.0%13.0%41.0%16.9%1.9%-0.1%15.2M-131.7M-7.4M0.4127.7141,17216,702575,130998,074
2024-04-15$31.77$32.5018.0%5.2%13.7%45.0%18.1%1.8%0.1%-2.4M24.5M-7.3M0.7023.0214,1849,934569,564995,838
2024-04-16$31.42$32.5018.1%5.1%14.2%46.0%18.1%1.8%-0.8%-18.6M182.8M-7.3M0.5836.4547,11627,210570,352997,792
2024-04-17$32.06$32.0017.6%5.0%15.7%41.8%18.3%2.0%-0.6%21.8M-155.0M-7.2M0.9033.1820,29818,250593,9061,004,420
2024-04-18$32.24$32.0017.9%5.2%15.9%44.1%18.0%1.7%-1.5%36.3M-233.9M-7.3M0.5646.9422,05012,316599,5421,013,490
2024-04-19$32.70$32.0018.0%5.2%16.6%44.6%18.6%1.6%-0.8%47.8M-514.2M-7.1M2.5646.5623,22859,450596,7541,019,762
2024-04-22$33.00$32.5017.1%4.9%16.8%37.8%17.4%1.6%-0.9%22.2M-371.6M-6.9M1.2739.9431,77840,480455,702871,000
2024-04-23$33.15$32.5016.6%4.5%16.8%34.4%16.2%2.3%1.0%26.4M-451.1M-7.0M1.9439.5813,23225,614482,158897,196
2024-04-24$33.45$32.5015.9%4.3%16.5%29.1%15.5%1.4%-1.2%26.1M-542.2M-6.8M1.1647.6123,09426,794484,718917,834
2024-04-25$33.45$32.5015.4%4.5%14.7%25.5%16.2%1.8%-1.0%25.9M-538.0M-7.0M0.6346.9518,72611,766497,624935,032
2024-04-26$33.16$32.5016.4%4.6%14.8%32.6%16.3%1.0%1.8%22.4M-425.9M-7.0M2.2844.6720,66847,210498,982939,708
2024-04-29$33.53$32.5015.5%4.8%15.1%26.3%16.6%9.5%-0.6%11.5M-499.0M-6.9M3.2646.4815,64051,004492,690960,570
2024-04-30$33.47$32.5016.2%4.9%15.2%31.2%17.6%-2.9%-1.2%5.0M-496.4M-6.9M1.0039.1114,18414,150516,2761,015,006