XOP Options History — April 2007

In April 2007, XOP traded between $164.48 and $176.28. ATM implied volatility averaged 27.4%. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 14.3% (HV 20d: 13.2%). Max pain ranged from $156.00 to $172.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2007-04-18: Highest Volume — 104 contracts
  • 2007-04-11: Largest IV spike — 320.6% change
  • 2007-04-11: Largest Expected Move — 13.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$170.81$164.48$176.28$164.48$173.00
Max Pain$165.20$156.00$172.00$156.00$172.00
ATM IV27.4%19.1%89.8%22.6%23.9%
Expected Move7.2%5.5%13.2%6.5%6.9%
HV 20d13.2%10.8%15.7%15.1%15.7%
HV 60d18.6%17.0%20.5%20.5%17.4%
Term Structure-1.7%-10.9%1.6%-1.7%-1.0%
VWIV25.2%21.5%31.2%21.5%24.9%
Skew 25d0.9%-4.4%17.3%-1.4%7.9%
Skew 10d-2.1%-6.6%35.1%-3.6%2.5%
Call IV 25d24.5%14.5%47.2%22.1%14.5%
Put IV 25d25.4%18.1%64.5%20.7%22.4%
Bid-Ask Spread %95.0877.16168.3292.1397.10
Gamma HHI0.540.320.830.530.68
Net GEX-24.7K-84.2K8.2K8.1K-84.2K
Net DEX-50.3K-280.6K508.1K-214.8K163.1K
Net VEX-1.1K-2.6K-342-514-2.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume6.15010403
Total OI63.252013120131

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-04-02$164.48$156.0022.6%6.5%15.1%0.0%0.0%-1.4%-1.7%8.1K-214.8K-5140.0092.1300191
2007-04-03$164.84$156.0022.2%6.4%14.3%0.0%0.0%-1.5%-1.7%8.2K-222.9K-4980.0093.7600191
2007-04-04$165.44$156.0020.9%6.0%13.4%0.0%21.5%-4.4%0.1%7.8K-232.9K-4730.0096.5201191
2007-04-05$167.08$156.0021.6%6.2%13.4%0.0%21.5%-2.3%0.3%6.6K-235.7K-4750.0097.4510192
2007-04-09$167.68$164.0021.3%6.3%13.4%0.0%0.0%0.0%0.3%6.7K-245.8K-4370.0085.5300192
2007-04-10$170.00$164.0021.4%6.2%13.3%0.0%0.0%-1.5%0.0%6.2K-261.5K-4010.0088.6100192
2007-04-11$169.76$164.0089.8%13.2%12.5%0.0%0.0%17.3%-10.9%5.8K-224.2K-4980.00168.3200192
2007-04-12$172.52$164.0023.8%6.8%12.7%0.0%0.0%-2.6%-3.0%5.9K-277.2K-3620.0095.5900192
2007-04-13$173.32$164.0023.4%6.7%12.3%0.0%0.0%-1.5%-2.5%5.8K-280.2K-3510.00100.5200192
2007-04-16$173.20$164.0019.1%5.5%11.1%0.0%0.0%-0.2%1.6%6.0K-280.6K-3420.0089.9400192
2007-04-17$172.12$164.0021.2%6.1%10.8%0.0%0.0%-0.6%-0.7%6.4K-275.1K-3640.0084.4130192
2007-04-18$170.52$164.0030.4%8.7%12.0%0.0%31.2%-1.3%-1.1%6.2K-257.2K-4100.00103.150104192
2007-04-19$168.36$168.0026.8%7.7%12.5%0.0%0.0%1.1%-1.2%-79.7K508.1K-2.6K0.0077.160019106
2007-04-20$170.72$168.0026.9%7.7%12.3%0.0%26.7%0.0%-3.0%-78.7K408.1K-2.5K0.0079.610119106
2007-04-23$172.56$172.0031.0%8.9%12.7%0.0%0.0%-1.1%-2.6%-68.6K379.0K-2.3K0.00105.870016105
2007-04-24$172.48$172.0026.9%7.7%12.6%0.0%24.9%1.0%-3.3%-79.2K341.8K-2.2K0.0084.6210016105
2007-04-25$176.28$172.0025.4%7.3%14.2%0.0%0.0%1.1%-1.9%-60.3K64.4K-2.0K0.0089.620026105
2007-04-26$175.88$172.0025.4%7.3%14.3%0.0%0.0%4.0%-1.3%-60.0K71.7K-2.1K0.0086.090026105
2007-04-27$175.88$172.0024.3%7.0%14.4%0.0%0.0%4.8%-1.0%-63.1K65.2K-2.0K0.0085.700026105
2007-04-30$173.00$172.0023.9%6.9%15.7%0.0%0.0%7.9%-1.0%-84.2K163.1K-2.0K0.0097.100326105