XOP Options History — April 2010

In April 2010, XOP traded between $173.32 and $183.32. ATM implied volatility averaged 25.9%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 1.4% (HV 20d: 24.4%). Max pain ranged from $172.00 to $180.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 20 of 21 days. Put/call ratio averaged 9.79.

Notable Days

  • 2010-04-21: Highest Volume — 2,166 contracts
  • 2010-04-27: Largest IV spike — 18.6% change
  • 2010-04-30: Highest IV Rank — 29.3%
  • 2010-04-30: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$177.46$173.32$183.32$173.32$178.72
Max Pain$175.62$172.00$180.00$176.00$180.00
ATM IV25.9%21.8%30.9%23.6%30.9%
Expected Move7.6%6.8%8.9%6.8%8.9%
HV 20d24.4%22.3%25.4%24.7%23.1%
HV 60d25.7%24.6%26.4%25.8%24.6%
IV Rank11.0%0.0%29.3%0.5%29.3%
IV Percentile9.7%0.0%31.7%0.4%31.7%
Term Structure1.1%-0.4%3.0%3.0%-0.4%
VWIV27.6%24.2%31.7%25.2%31.7%
Skew 25d4.6%3.2%6.0%4.2%6.0%
Skew 10d9.0%0.5%17.5%13.6%11.3%
Call IV 25d24.7%21.5%29.5%21.5%29.5%
Put IV 25d29.3%25.7%35.5%25.7%35.5%
Bid-Ask Spread %22.4610.5941.4215.4130.21
Gamma HHI0.320.220.510.240.29
Net GEX-5.7M-9.2M-3.6M-9.2M-4.5M
Net DEX33.6M8.4M55.4M55.4M34.8M
Net VEX-341.7K-428.1K-290.8K-291.5K-425.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio9.790.2059.666.120.76
Total Volume613.571542,1661,665327
Total OI16,061.66710,66820,02215,91015,229

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2010-04-01$173.32$176.0023.6%6.8%24.7%0.5%25.2%4.2%3.0%-9.2M55.4M-291.5K6.1215.412341,4311,86214,048
2010-04-05$177.20$172.0025.9%7.6%25.0%7.2%27.8%3.2%1.1%-7.2M35.3M-292.5K1.5710.5948752,08615,108
2010-04-06$176.72$172.0026.4%7.6%25.0%9.0%30.2%5.4%0.6%-7.3M36.2M-290.8K30.5515.6272222,12515,114
2010-04-07$175.12$172.0026.1%7.7%25.2%8.2%29.5%5.0%0.0%-8.6M49.9M-303.9K1.2415.894405442,12915,270
2010-04-08$175.12$172.0025.3%7.7%24.6%5.5%28.4%5.1%1.1%-8.5M47.0M-293.2K59.6615.86241,4472,12915,270
2010-04-09$178.20$172.0024.1%7.4%25.3%2.0%29.1%4.5%0.9%-7.0M32.1M-344.4K1.4916.0828422,61417,244
2010-04-12$177.68$172.0026.6%7.6%25.4%9.8%28.2%4.9%1.1%-7.1M31.5M-325.9K0.2014.4677152,61917,137
2010-04-13$177.16$172.0024.9%7.8%25.0%4.5%27.1%4.8%0.8%-7.2M32.6M-322.4K29.8614.95226422,67917,133
2010-04-14$178.76$176.0021.8%7.3%25.1%0.0%24.2%5.3%1.3%-4.5M19.4M-306.1K0.8518.9229252,68217,178
2010-04-15$178.76$176.0025.3%7.3%25.1%11.1%25.3%4.2%1.2%-4.3M18.4M-301.5K5.6619.04271502,69417,200
2010-04-16$174.84$176.0026.3%7.5%24.1%13.9%27.0%4.9%1.5%-6.1M46.2M-308.5K5.1418.611708722,69317,329
2010-04-19$173.68$176.0025.6%7.3%23.6%12.0%26.3%4.2%2.2%-4.1M43.8M-319.8K1.8825.42771452,0508,618
2010-04-20$177.32$176.0024.8%7.1%24.4%9.5%26.8%4.2%1.7%-4.0M31.9M-312.9K0.2724.7151142,1118,787
2010-04-21$176.68$176.0024.6%7.0%24.1%8.8%25.2%4.0%1.4%-4.1M33.7M-312.6K1.1435.041,0121,1542,1318,790
2010-04-22$178.16$180.0023.8%6.8%24.1%6.5%24.4%3.6%2.0%-4.0M23.8M-385.9K9.3229.49565173,1069,895
2010-04-23$183.32$176.0024.1%6.9%22.5%7.5%25.9%3.9%1.5%-3.6M8.4M-379.4K13.4428.98314173,16110,394
2010-04-26$182.60$176.0025.2%7.2%22.3%10.9%26.6%3.8%1.4%-3.8M12.6M-380.9K18.2626.24561,0133,19010,802
2010-04-27$176.56$180.0029.8%8.6%24.9%25.9%31.0%4.6%0.4%-4.7M41.1M-421.9K2.8541.421073043,23811,310
2010-04-28$177.88$180.0030.0%8.6%25.0%26.5%29.0%5.6%0.7%-4.6M36.4M-427.8K13.2829.65618073,31711,605
2010-04-29$178.92$180.0028.8%8.2%24.9%22.6%29.9%5.5%0.5%-4.8M34.3M-428.1K1.9925.11551103,36911,849
2010-04-30$178.72$180.0030.9%8.9%23.1%29.3%31.7%6.0%-0.4%-4.5M34.8M-425.3K0.7630.211861413,42111,808