XLU Options History — June 2025

In June 2025, XLU traded between $40.23 and $41.19. ATM implied volatility averaged 15.6%, placing in the 16.0% IV rank vs the trailing year. The 30-day expected move averaged 4.5%. IV traded above realized volatility by 1.1% (HV 20d: 14.5%). Max pain ranged from $39.50 to $40.50. Net GEX was positive for 2 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 1.95.

Notable Days

2025-06-17: Highest Volume — 57,942 contracts
2025-06-30: Largest IV spike — 10.9% change
2025-06-30: Highest IV Rank — 22.1%
2025-06-17: Largest Expected Move — 4.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.59	$40.23	$41.19	$41.07	$40.77
Max Pain	$40.38	$39.50	$40.50	$39.50	$40.50
ATM IV	15.6%	14.5%	17.1%	15.7%	17.1%
Expected Move	4.5%	4.2%	4.7%	4.5%	4.5%
HV 20d	14.5%	11.2%	16.7%	16.4%	11.2%
HV 60d	23.0%	22.7%	23.3%	23.2%	22.8%
IV Rank	16.0%	11.0%	22.1%	16.5%	22.1%
IV Percentile	27.5%	4.4%	63.1%	29.0%	63.1%
Term Structure	0.1%	-1.5%	1.5%	-0.0%	-1.5%
VWIV	15.9%	14.8%	17.2%	16.6%	15.9%
Skew 25d	2.4%	-4.2%	3.7%	3.7%	2.8%
Skew 10d	8.6%	3.0%	13.5%	13.5%	10.1%
Call IV 25d	14.4%	13.4%	15.7%	14.3%	14.6%
Put IV 25d	16.8%	10.0%	18.2%	18.0%	17.4%
Bid-Ask Spread %	40.74	16.81	51.48	48.93	33.78
Gamma HHI	0.06	0.05	0.17	0.05	0.08
Net GEX	-13.5M	-48.2M	1.7M	-1.5M	-9.4M
Net DEX	-139.7M	-340.2M	-17.9M	-301.4M	-145.5M
Net VEX	-6.7M	-7.0M	-6.3M	-6.8M	-6.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.95	0.56	6.50	2.48	0.82
Total Volume	26,434	8,632	57,942	19,646	10,584
Total OI	1,410,252.4	1,174,704	1,618,982	1,418,592	1,207,678

Daily Data (20 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
2025-06-02	$41.07	$39.50	15.7%	4.5%	16.4%	16.5%	16.6%	3.7%	-0.0%	-1.5M	-301.4M	-6.8M	2.48	48.93	5,638	14,008	365,352	1,053,240
2025-06-03	$41.19	$39.50	15.6%	4.4%	16.3%	16.0%	17.2%	-4.2%	-0.1%	227.9K	-340.2M	-6.7M	5.05	49.05	7,670	38,740	368,096	1,059,578
2025-06-04	$40.52	$40.00	16.0%	4.7%	16.7%	17.7%	16.6%	2.3%	-0.1%	-13.7M	-127.2M	-7.0M	2.19	51.48	8,954	19,582	372,210	1,052,270
2025-06-05	$40.52	$40.50	15.8%	4.5%	16.7%	16.6%	15.6%	2.7%	0.1%	-11.9M	-124.9M	-7.0M	0.98	16.81	15,658	15,356	377,064	1,059,690
2025-06-06	$40.63	$40.50	15.3%	4.4%	16.5%	14.8%	15.1%	3.4%	0.1%	-6.2M	-175.2M	-7.0M	0.65	20.95	14,860	9,712	387,736	1,066,680
2025-06-09	$40.45	$40.50	14.9%	4.5%	16.6%	12.8%	15.4%	2.4%	1.5%	-13.6M	-116.1M	-7.0M	6.50	41.55	7,458	48,496	386,548	1,063,256
2025-06-10	$40.38	$40.50	15.1%	4.4%	16.4%	13.8%	15.5%	2.8%	0.2%	-14.7M	-91.9M	-6.9M	0.83	40.07	8,538	7,074	390,868	1,108,836
2025-06-11	$40.44	$40.50	14.8%	4.3%	16.3%	12.5%	15.7%	2.9%	0.4%	-14.7M	-107.2M	-6.9M	0.84	44.65	6,442	5,436	392,442	1,110,354
2025-06-12	$40.92	$40.50	14.5%	4.2%	16.5%	11.0%	14.8%	2.9%	0.4%	1.7M	-277.1M	-6.7M	0.59	42.71	17,534	10,406	392,868	1,111,996
2025-06-13	$40.69	$40.50	15.6%	4.6%	15.0%	16.0%	15.9%	3.5%	0.8%	-7.8M	-202.7M	-6.9M	0.67	43.60	11,634	7,764	432,276	1,118,158
2025-06-16	$40.48	$40.50	15.4%	4.4%	14.4%	15.0%	16.1%	2.7%	0.3%	-11.4M	-133.1M	-6.7M	3.24	42.03	6,450	20,910	427,508	1,110,002
2025-06-17	$40.24	$40.50	16.4%	4.7%	14.4%	19.4%	16.5%	2.5%	0.0%	-22.3M	-17.9M	-6.9M	4.69	42.86	10,186	47,756	430,804	1,129,424
2025-06-18	$40.38	$40.50	16.1%	4.6%	14.3%	18.0%	16.3%	2.6%	-0.0%	-41.4M	-48.6M	-6.8M	2.29	41.66	9,014	20,616	432,548	1,168,766
2025-06-20	$40.39	$40.50	16.1%	4.6%	13.2%	18.1%	16.3%	2.1%	0.2%	-48.2M	-61.6M	-6.7M	0.82	49.87	15,822	12,992	437,944	1,181,038
2025-06-23	$40.56	$40.50	16.1%	4.6%	12.1%	17.9%	16.3%	2.9%	0.3%	-4.8M	-110.2M	-6.4M	2.19	40.72	9,918	21,698	322,656	852,048
2025-06-24	$40.84	$40.50	15.5%	4.5%	11.8%	15.6%	15.6%	2.5%	-0.1%	-3.6M	-174.7M	-6.3M	1.88	35.49	8,880	16,666	329,272	870,312
2025-06-25	$40.23	$40.50	15.6%	4.5%	12.7%	15.9%	15.9%	2.4%	0.3%	-20.0M	-20.4M	-6.6M	0.97	47.03	5,736	5,582	334,576	873,744
2025-06-26	$40.48	$40.50	15.5%	4.4%	11.8%	15.4%	15.8%	2.8%	0.2%	-16.7M	-86.1M	-6.5M	0.56	38.55	5,536	3,096	335,594	876,296
2025-06-27	$40.63	$40.50	15.4%	4.4%	11.6%	14.9%	15.5%	2.8%	0.2%	-10.6M	-132.3M	-6.3M	0.82	43.00	8,924	7,354	338,466	876,854
2025-06-30	$40.77	$40.50	17.1%	4.5%	11.2%	22.1%	15.9%	2.8%	-1.5%	-9.4M	-145.5M	-6.4M	0.82	33.78	5,806	4,778	333,514	874,164