XLU Options History — July 2024

In July 2024, XLU traded between $33.88 and $36.35. ATM implied volatility averaged 16.1%, placing in the 30.3% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 1.9% (HV 20d: 14.2%). Max pain ranged from $33.00 to $35.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 1.37.

Notable Days

  • 2024-07-11: Highest Volume — 140,352 contracts
  • 2024-07-02: Largest IV drop — 24.6% change
  • 2024-07-01: Highest IV Rank — 62.4%
  • 2024-07-29: Largest Expected Move — 5.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.03$33.88$36.35$33.88$36.35
Max Pain$34.07$33.00$35.00$35.00$35.00
ATM IV16.1%13.6%20.3%20.3%15.0%
Expected Move4.6%4.0%5.1%4.2%4.6%
HV 20d14.2%10.3%16.8%10.8%15.8%
HV 60d14.3%13.7%14.8%14.3%14.5%
IV Rank30.3%12.0%62.4%62.4%22.3%
IV Percentile40.7%2.0%90.1%90.1%15.5%
Term Structure0.2%-1.8%4.7%-0.3%0.2%
VWIV15.9%12.3%17.9%14.8%15.4%
Skew 25d2.7%0.9%10.0%0.9%10.0%
Skew 10d4.0%2.4%12.7%3.4%12.7%
Call IV 25d15.1%13.4%16.1%15.5%13.4%
Put IV 25d17.8%15.2%23.4%16.4%23.4%
Bid-Ask Spread %44.159.1565.6641.2555.97
Gamma HHI0.080.060.330.060.09
Net GEX13.6M-14.4M87.3M-14.4M31.6M
Net DEX-470.9M-889.3M-59.5M-59.5M-889.3M
Net VEX-6.3M-6.8M-5.6M-6.8M-5.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.370.322.751.031.07
Total Volume47,278.45514,302140,35233,93231,042
Total OI1,620,736.4551,518,5541,748,0641,518,5541,648,902

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-07-01$33.88$35.0020.3%4.2%10.8%62.4%14.8%0.9%-0.3%-14.4M-59.5M-6.8M1.0341.2516,68017,252587,368931,186
2024-07-02$34.06$35.0015.3%4.0%11.1%25.1%14.0%1.8%1.0%-10.5M-130.9M-6.7M1.0920.9217,54819,090591,898937,026
2024-07-03$34.20$35.0014.6%4.0%11.3%19.9%12.3%1.0%0.2%-7.0M-192.6M-6.6M2.2247.189,68621,512593,518937,568
2024-07-05$34.26$33.0015.3%4.2%11.1%24.5%16.2%2.1%-0.5%-10.2M-182.9M-6.7M1.8635.8217,07831,780595,414939,628
2024-07-08$34.28$33.0015.0%4.3%10.8%22.6%14.9%1.2%0.7%-8.5M-200.6M-6.7M0.7913.1820,46416,178594,800957,632
2024-07-09$34.42$33.0018.2%4.5%10.7%46.3%15.7%6.6%0.3%2.4M-276.8M-6.4M2.489.1510,99827,220605,672964,456
2024-07-10$34.63$33.0015.3%4.6%10.3%24.5%15.8%5.2%0.6%2.7M-357.7M-6.5M1.5759.7926,66641,740610,442978,754
2024-07-11$35.34$33.0015.4%4.4%12.8%25.6%16.1%1.3%-0.4%22.7M-698.7M-6.0M1.1157.1966,57473,778624,4201,006,358
2024-07-12$35.73$34.0013.6%4.4%12.9%12.0%15.5%6.4%4.7%33.3M-869.9M-6.3M0.6856.4728,86819,542656,0561,070,518
2024-07-15$34.73$34.0016.3%4.7%16.5%31.9%16.6%1.6%-0.1%-4.8M-310.7M-6.7M0.3250.7240,17412,968637,6461,060,352
2024-07-16$35.06$34.0016.2%4.7%16.8%31.7%15.8%1.8%-0.2%11.7M-496.7M-6.3M0.5365.6618,9849,992641,5761,062,782
2024-07-17$35.02$34.0016.7%4.8%16.4%35.5%16.9%2.4%-0.5%19.1M-476.2M-6.6M1.2638.3812,59815,850657,9341,066,682
2024-07-18$35.02$34.0016.8%4.8%16.4%36.0%16.8%1.9%-1.8%30.2M-474.1M-6.5M2.0148.7619,60439,484661,2761,059,496
2024-07-19$35.05$34.0016.3%4.8%16.1%32.1%16.4%1.5%-0.4%87.3M-504.8M-6.5M1.1346.1222,34425,206669,1581,078,906
2024-07-22$35.36$34.0015.4%4.7%16.2%25.5%16.5%1.0%2.1%13.8M-552.1M-6.2M2.7542.1614,32839,342554,4221,004,784
2024-07-23$35.20$34.0016.1%4.7%16.3%30.4%16.3%2.6%0.3%8.4M-513.5M-6.1M1.0747.696,9207,382558,9341,014,542
2024-07-24$35.56$34.0015.8%4.6%16.0%28.5%16.1%3.0%-0.7%22.5M-654.4M-5.9M2.2259.2419,47243,260563,1201,020,386
2024-07-25$35.27$34.5016.5%4.9%16.3%33.7%17.0%1.8%0.3%2.0M-479.2M-6.3M0.7049.0128,38419,916567,3581,054,292
2024-07-26$35.58$34.5016.0%4.6%16.5%29.9%16.2%1.7%-0.3%21.7M-630.0M-6.0M1.4941.5320,54430,518576,0801,066,610
2024-07-29$35.84$34.5016.6%5.1%15.6%34.2%17.9%1.3%-0.6%22.2M-698.4M-5.9M1.5537.3819,75230,612554,7801,051,156
2024-07-30$35.88$35.0016.4%5.0%15.4%32.9%17.5%2.5%-0.8%23.4M-711.8M-5.9M1.3247.7112,41616,380564,5781,077,736
2024-07-31$36.35$35.0015.0%4.6%15.8%22.3%15.4%10.0%0.2%31.6M-889.3M-5.6M1.0755.9715,02416,018564,8041,084,098