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XLE Energy Sector ETF

XLE IV Rank — are Energy Sector ETF's options cheap or expensive right now?

IV Rank
11
Cheap — favor buying premium
0 · cheap50100 · expensive
Current IV
26%
IV Percentile
4%
52-wk IV high
50%
52-wk IV low
23%
Where current IV sits in its 52-week range
23%50%

Energy Sector ETF's options are currently cheap. With an IV Rank of 11, implied volatility sits near the low end of its 1-year range and richer than roughly 4% of the past year. Historically at this level, buying options (long calls/puts, calendars) can be more attractive, since low IV tends to expand.

Suggested play
Long call / calendar spread
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Unusual flow + macro + IV alerts
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Other etf names
SPY 16QQQ 20IWM 9DIA 29GLD 36SLV 11

Frequently asked

What does an IV Rank of 11 mean for XLE?
It means Energy Sector ETF's implied volatility is currently near the low end of its past-year range, so its options are relatively cheap.
Should I buy or sell XLE options at this IV Rank?
Low IV Rank generally favors buying options (long calls/puts, calendars), since cheap volatility tends to expand.

IV Rank data is 15-minute delayed. Educational information, not investment advice.