XOP Options History — March 2007

In March 2007, XOP traded between $148.68 and $163.92. ATM implied volatility averaged 23.4%. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 2.4% (HV 20d: 21.1%). Max pain ranged from $156.00 to $164.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-03-05: Highest Volume — 1 contracts
  • 2007-03-15: Largest IV spike — 19.2% change
  • 2007-03-15: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$156.57$148.68$163.92$154.88$162.92
Max Pain$156.73$156.00$164.00$164.00$156.00
ATM IV23.4%18.5%26.3%24.7%23.9%
Expected Move7.1%6.5%7.6%7.1%6.8%
HV 20d21.1%17.0%23.4%17.0%17.0%
HV 60d21.5%20.6%22.2%22.2%20.6%
Term Structure-0.6%-3.2%2.6%0.5%-3.2%
VWIV24.3%24.3%24.3%24.3%24.3%
Skew 25d0.8%-4.1%4.7%-3.1%-4.1%
Skew 10d1.6%-5.8%9.9%-1.0%-3.6%
Call IV 25d23.1%20.8%24.2%23.0%22.9%
Put IV 25d23.9%18.8%26.1%19.9%18.8%
Bid-Ask Spread %75.0253.9799.9698.4398.65
Gamma HHI0.480.290.600.290.54
Net GEX9.7K-3.9K16.3K6.1K8.2K
Net DEX-131.9K-209.2K-22.3K-111.5K-199.4K
Net VEX-613-750-533-750-545
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.1360100
Total OI72.4551911711720

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-03-01$154.88$164.0024.7%7.1%17.0%0.0%0.0%-3.1%0.5%6.1K-111.5K-7500.0098.43002394
2007-03-02$151.32$164.0023.9%6.8%18.7%0.0%0.0%-0.9%2.6%3.3K-65.8K-7370.0099.96002394
2007-03-05$148.68$156.0025.0%7.5%19.4%0.0%0.0%1.7%0.5%-3.9K-22.3K-7180.0063.38102394
2007-03-06$151.44$156.0023.6%7.5%20.8%0.0%0.0%2.1%-0.8%7.7K-64.8K-6540.0057.33002294
2007-03-07$154.12$156.0024.0%7.2%21.9%0.0%0.0%2.0%-1.4%11.3K-96.3K-6400.0053.97102294
2007-03-08$153.92$156.0021.6%7.4%21.8%0.0%0.0%2.2%-1.0%13.2K-103.7K-6620.0056.62002394
2007-03-09$154.24$156.0022.3%7.1%21.9%0.0%0.0%1.2%-1.4%13.4K-107.0K-6550.0056.94002394
2007-03-12$153.44$156.0018.5%7.4%21.9%0.0%0.0%1.9%-0.9%15.4K-95.6K-6290.0060.93002394
2007-03-13$152.00$156.0020.7%7.3%21.5%0.0%0.0%2.2%-0.8%14.5K-82.7K-6090.0061.80002394
2007-03-14$154.12$156.0022.1%7.1%21.6%0.0%0.0%1.9%-1.7%16.3K-100.7K-6170.0064.47002394
2007-03-15$153.64$156.0026.3%7.6%21.6%0.0%0.0%1.8%-1.4%15.6K-92.0K-6090.0080.86002394
2007-03-16$152.20$156.0026.1%7.5%21.7%0.0%0.0%1.6%-1.1%10.5K-55.8K-5930.0066.36002194
2007-03-19$155.24$156.0024.5%7.0%22.8%0.0%0.0%2.8%-0.5%9.4K-152.3K-5970.0070.8000190
2007-03-20$156.40$156.0024.6%7.1%22.8%0.0%0.0%4.7%-0.8%9.5K-161.5K-5910.0071.6100190
2007-03-21$158.96$156.0022.5%6.5%23.1%0.0%0.0%1.6%0.7%9.8K-178.4K-5830.0074.9600190
2007-03-22$161.44$156.0024.9%7.1%23.4%0.0%0.0%-0.2%-2.2%9.1K-195.0K-5700.0093.4000190
2007-03-23$162.12$156.0024.0%6.9%23.4%0.0%0.0%0.2%-0.0%9.0K-194.7K-5630.0082.0000190
2007-03-26$163.28$156.0024.1%6.9%23.4%0.0%24.3%-0.4%-0.3%9.2K-205.2K-5440.0088.5401190
2007-03-27$163.24$156.0022.7%6.5%19.2%0.0%0.0%0.2%0.0%8.3K-204.2K-5420.0082.0100191
2007-03-28$163.12$156.0022.6%6.5%19.2%0.0%0.0%0.1%0.6%8.4K-205.1K-5360.0083.0100191
2007-03-29$163.92$156.0023.0%6.6%19.2%0.0%0.0%-2.8%0.1%8.1K-209.2K-5330.0084.4200191
2007-03-30$162.92$156.0023.9%6.8%17.0%0.0%0.0%-4.1%-3.2%8.2K-199.4K-5450.0098.6500191