XOP Options History — January 2013

In January 2013, XOP traded between $220.40 and $233.84. ATM implied volatility averaged 19.7%, placing in the 4.2% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 0.1% (HV 20d: 19.8%). Max pain ranged from $220.00 to $228.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 21 of 21 days. Put/call ratio averaged 8.72.

Notable Days

2013-01-23: Highest Volume — 16,340 contracts
2013-01-10: Largest IV spike — 11.2% change
2013-01-14: Highest IV Rank — 11.5%
2013-01-02: Largest Expected Move — 6.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$227.02	$220.40	$233.84	$221.08	$232.40
Max Pain	$225.14	$220.00	$228.00	$220.00	$228.00
ATM IV	19.7%	17.3%	22.8%	22.8%	19.1%
Expected Move	5.8%	5.0%	6.5%	6.5%	5.5%
HV 20d	19.8%	13.6%	23.4%	23.4%	13.6%
HV 60d	22.1%	20.9%	23.2%	23.2%	20.9%
IV Rank	4.2%	0.0%	11.5%	5.7%	5.4%
IV Percentile	1.2%	0.0%	3.2%	0.8%	3.2%
Term Structure	2.3%	1.9%	3.2%	1.9%	1.9%
VWIV	21.4%	17.8%	25.4%	25.4%	20.3%
Skew 25d	3.3%	2.6%	4.2%	4.2%	3.1%
Skew 10d	7.5%	6.4%	9.7%	9.7%	7.1%
Call IV 25d	18.9%	16.7%	21.3%	21.0%	17.9%
Put IV 25d	22.2%	19.6%	25.2%	25.2%	21.0%
Bid-Ask Spread %	10.31	7.58	14.24	14.24	10.96
Gamma HHI	0.16	0.11	0.26	0.15	0.19
Net GEX	-8.1M	-15.6M	-1.5M	-9.8M	-15.6M
Net DEX	55.7M	-2.1M	104.2M	103.6M	71.9M
Net VEX	-1.2M	-1.4M	-1.0M	-1.4M	-1.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	8.72	0.74	42.38	12.65	1.09
Total Volume	2,246.524	154	16,340	2,023	798
Total OI	50,728.762	38,192	58,979	56,121	46,130

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2013-01-02	$221.08	$220.00	22.8%	6.5%	23.4%	5.7%	25.4%	4.2%	1.9%	-9.8M	103.6M	-1.4M	12.65	14.24	148	1,875	10,002	46,119
2013-01-03	$221.64	$220.00	21.8%	6.3%	23.2%	2.1%	23.6%	3.6%	2.3%	-9.6M	92.9M	-1.4M	2.41	11.14	132	318	10,034	46,802
2013-01-04	$224.04	$224.00	20.3%	6.5%	21.1%	0.0%	23.2%	3.4%	1.9%	-8.2M	70.8M	-1.3M	7.11	7.84	191	1,358	10,077	46,687
2013-01-07	$222.96	$224.00	19.9%	6.4%	21.2%	0.0%	23.0%	3.6%	1.9%	-8.3M	77.5M	-1.3M	2.53	7.64	151	383	10,229	47,487
2013-01-08	$223.16	$224.00	18.2%	6.1%	21.0%	0.0%	21.4%	3.5%	2.2%	-8.1M	76.4M	-1.3M	0.77	9.00	432	332	10,300	47,450
2013-01-09	$220.40	$224.00	19.5%	6.3%	21.4%	4.3%	21.8%	3.6%	2.0%	-10.9M	104.2M	-1.3M	42.38	9.64	98	4,153	10,539	47,671
2013-01-10	$223.80	$224.00	21.7%	6.2%	22.0%	11.2%	22.7%	3.6%	2.1%	-6.6M	65.6M	-1.2M	2.09	11.34	526	1,100	10,554	44,741
2013-01-11	$224.48	$224.00	21.0%	6.0%	22.0%	9.0%	21.8%	3.4%	2.5%	-5.4M	53.1M	-1.2M	3.19	8.46	251	802	10,946	45,218
2013-01-14	$224.12	$224.00	21.8%	6.2%	21.3%	11.5%	23.2%	3.5%	2.2%	-4.0M	58.4M	-1.2M	1.30	8.01	465	606	11,188	45,350
2013-01-15	$226.08	$224.00	20.6%	5.9%	21.4%	7.6%	24.3%	3.6%	2.5%	-2.9M	27.7M	-1.2M	2.41	10.79	288	696	11,499	45,822
2013-01-16	$226.24	$224.00	20.3%	5.8%	21.0%	6.9%	21.2%	3.2%	2.4%	-1.7M	19.5M	-1.2M	1.63	11.14	310	507	11,655	46,266
2013-01-17	$228.08	$224.00	20.4%	5.9%	19.5%	7.2%	22.4%	3.2%	2.4%	-1.5M	-1.2M	-1.1M	10.18	8.74	179	1,818	11,643	46,427
2013-01-18	$228.80	$224.00	18.3%	5.2%	19.1%	0.4%	19.8%	3.5%	3.2%	-5.1M	-2.1M	-1.1M	5.41	11.28	261	1,412	11,694	47,285
2013-01-22	$232.16	$228.00	18.0%	5.2%	19.6%	0.0%	19.2%	3.0%	2.5%	-7.2M	29.1M	-1.0M	1.38	12.23	619	853	6,332	32,688
2013-01-23	$230.08	$228.00	17.3%	5.0%	19.2%	0.0%	18.7%	3.0%	2.7%	-7.9M	38.4M	-1.0M	40.47	8.21	394	15,946	6,749	33,022
2013-01-24	$229.92	$228.00	18.4%	5.3%	17.9%	3.1%	18.8%	2.9%	2.7%	-11.6M	69.0M	-1.1M	1.33	12.26	298	395	6,920	31,272
2013-01-25	$231.60	$228.00	17.5%	5.0%	17.8%	0.4%	17.8%	2.8%	2.8%	-10.5M	53.7M	-1.1M	0.74	11.43	124	92	7,014	31,405
2013-01-28	$229.44	$228.00	19.3%	5.5%	18.0%	6.1%	19.2%	3.4%	2.2%	-12.3M	71.3M	-1.1M	1.33	13.99	66	88	6,989	31,410
2013-01-29	$233.84	$228.00	18.3%	5.3%	16.9%	3.1%	21.9%	2.6%	2.5%	-9.5M	33.4M	-1.0M	21.17	7.58	228	4,833	7,011	31,466
2013-01-30	$233.16	$228.00	19.0%	5.4%	15.0%	5.1%	20.3%	3.0%	2.0%	-13.2M	56.1M	-1.1M	21.54	10.61	162	3,489	7,147	36,064
2013-01-31	$232.40	$228.00	19.1%	5.5%	13.6%	5.4%	20.3%	3.1%	1.9%	-15.6M	71.9M	-1.2M	1.09	10.96	382	416	7,177	38,953