XOP Options History — July 2008

In July 2008, XOP traded between $212.16 and $284.24. ATM implied volatility averaged 43.5%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded above realized volatility by 1.1% (HV 20d: 42.4%). Max pain ranged from $224.00 to $272.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 1.50.

Notable Days

  • 2008-07-25: Highest Volume — 150 contracts
  • 2008-07-23: Largest IV drop — 31.6% change
  • 2008-07-29: Highest IV Rank — 24.2%
  • 2008-07-29: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$241.26$212.16$284.24$284.24$216.32
Max Pain$262.73$224.00$272.00$268.00$224.00
ATM IV43.5%31.7%51.4%37.7%50.3%
Expected Move12.6%9.1%14.7%10.8%14.4%
HV 20d42.4%36.0%51.3%38.6%51.3%
HV 60d37.8%33.1%42.0%33.1%41.8%
IV Rank19.2%7.8%24.2%15.7%23.3%
IV Percentile66.1%24.2%80.6%55.6%78.6%
Term Structure1.9%-4.3%22.2%0.9%-3.2%
VWIV43.0%22.5%51.0%38.1%50.3%
Skew 25d4.5%-11.6%13.2%5.6%9.2%
Skew 10d9.5%-0.9%22.5%9.6%20.4%
Call IV 25d41.3%25.8%53.8%34.1%43.9%
Put IV 25d45.8%37.7%55.4%39.7%53.1%
Bid-Ask Spread %35.345.07100.1126.1735.58
Gamma HHI0.150.070.220.200.07
Net GEX-59.7K-97.4K-2.5K-2.5K-70.2K
Net DEX3.2M-3.2M6.9M-3.2M5.3M
Net VEX-44.1K-49.5K-36.5K-46.1K-38.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.500.0014.910.150.83
Total Volume54.3642150435
Total OI1,133.1828951,4248951,424

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-07-01$284.24$268.0037.7%10.8%38.6%15.7%38.1%5.6%0.9%-2.5K-3.2M-46.1K0.1526.1731377518
2008-07-02$276.08$268.0039.6%11.3%38.9%17.3%42.1%6.6%0.8%-19.7K-1.7M-47.3K4.6724.09525379518
2008-07-03$267.72$268.0034.6%9.9%36.0%13.1%37.0%3.2%4.4%-63.1K-247.0K-48.0K0.7655.922922384540
2008-07-07$258.40$272.0044.7%12.6%38.0%21.6%44.4%0.5%0.5%-64.4K1.0M-47.6K0.7615.322821408544
2008-07-08$252.28$272.0042.0%13.0%37.1%19.4%44.7%-0.5%-3.0%-72.1K1.9M-47.1K0.5535.444122430561
2008-07-09$247.12$272.0035.6%12.4%36.4%13.9%43.1%-1.4%2.3%-64.8K2.8M-45.8K0.0926.81303453564
2008-07-10$258.08$272.0043.1%12.4%39.6%20.3%43.0%1.4%0.7%-30.0K626.0K-47.8K14.9113.11686475564
2008-07-11$258.20$272.0041.1%11.8%39.0%18.6%40.8%0.9%0.7%-51.5K772.4K-49.5K0.1036.11101479611
2008-07-14$259.80$272.0045.3%13.0%39.1%22.1%43.9%2.5%-1.1%-50.4K553.1K-48.9K0.0018.34170488612
2008-07-15$248.44$272.0045.3%13.0%41.3%21.1%0.0%-0.1%0.1%-44.0K2.9M-46.8K0.0029.7920498612
2008-07-16$242.68$272.0045.3%13.0%39.0%20.3%45.3%0.1%-0.0%-51.5K4.3M-44.4K2.2038.342351497612
2008-07-17$231.80$272.0048.0%13.8%41.1%22.7%42.3%-11.6%-4.3%-54.5K5.7M-42.1K0.73100.115439518627
2008-07-18$232.96$272.0048.2%13.8%41.0%22.8%42.9%10.7%3.9%-51.1K5.5M-44.3K0.1742.5461566642
2008-07-21$243.20$272.0044.0%12.6%44.9%19.2%44.5%-1.1%0.7%-39.4K3.0M-46.9K1.1044.323336464593
2008-07-22$230.08$272.0046.4%13.3%45.1%20.5%22.5%11.6%4.9%-68.5K5.1M-44.3K0.6144.533723494629
2008-07-23$217.48$272.0031.7%9.1%47.4%7.8%0.0%11.9%22.2%-91.6K6.8M-39.3K1.085.072325517652
2008-07-24$215.60$272.0038.0%10.9%47.4%13.3%0.0%13.2%16.4%-90.8K6.9M-39.2K2.8639.4436104534674
2008-07-25$214.12$272.0047.6%13.6%47.5%21.6%47.7%9.7%1.2%-89.9K5.9M-39.4K1.2035.296882562728
2008-07-28$216.88$224.0047.9%13.7%47.5%21.3%0.0%7.0%0.7%-86.5K5.7M-39.4K0.0035.99100627757
2008-07-29$212.16$224.0051.4%14.7%45.6%24.2%51.0%8.9%-3.4%-97.4K6.6M-36.5K0.1626.51589637757
2008-07-30$224.00$224.0048.1%13.8%51.0%21.4%50.4%11.6%-3.3%-60.5K3.7M-41.9K0.0848.76847639765
2008-07-31$216.32$224.0050.3%14.4%51.3%23.3%50.3%9.2%-3.2%-70.2K5.3M-38.3K0.8335.581916653771