XOP Options History — February 2013

In February 2013, XOP traded between $225.92 and $239.48. ATM implied volatility averaged 22.2%, placing in the 15.2% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 3.9% (HV 20d: 18.4%). Max pain ranged from $220.00 to $232.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 13.54.

Notable Days

2013-02-26: Highest Volume — 14,525 contracts
2013-02-25: Largest IV spike — 21.8% change
2013-02-25: Highest IV Rank — 37.3%
2013-02-25: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$234.01	$225.92	$239.48	$234.72	$231.88
Max Pain	$229.26	$220.00	$232.00	$220.00	$232.00
ATM IV	22.2%	17.5%	29.3%	17.5%	24.2%
Expected Move	6.5%	5.9%	8.4%	5.9%	6.9%
HV 20d	18.4%	13.8%	24.9%	13.8%	24.8%
HV 60d	19.8%	18.6%	21.0%	20.9%	21.0%
IV Rank	15.2%	0.6%	37.3%	0.6%	21.2%
IV Percentile	13.4%	0.8%	54.8%	0.8%	16.7%
Term Structure	1.0%	-2.3%	2.8%	2.8%	-0.5%
VWIV	23.7%	20.8%	27.7%	22.0%	25.4%
Skew 25d	4.4%	4.0%	5.1%	4.0%	4.4%
Skew 10d	9.2%	6.8%	12.2%	6.8%	8.5%
Call IV 25d	20.8%	18.7%	26.6%	19.2%	22.3%
Put IV 25d	25.2%	22.9%	31.5%	23.2%	26.7%
Bid-Ask Spread %	8.67	6.58	10.17	10.15	7.65
Gamma HHI	0.20	0.17	0.23	0.18	0.18
Net GEX	-23.5M	-36.7M	-12.8M	-12.8M	-35.8M
Net DEX	136.5M	35.8M	323.5M	41.2M	236.9M
Net VEX	-1.6M	-2.1M	-1.1M	-1.1M	-2.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	13.54	0.87	86.03	52.50	19.56
Total Volume	4,230.105	981	14,525	3,826	2,915
Total OI	61,784.263	46,777	75,240	46,777	75,240

Daily Data (19 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
2013-02-01	$234.72	$220.00	17.5%	5.9%	13.8%	0.6%	22.0%	4.0%	2.8%	-12.8M	41.2M	-1.1M	52.50	10.15	72	3,754	7,510	39,267
2013-02-04	$231.96	$228.00	20.0%	6.3%	14.4%	8.2%	24.4%	4.2%	2.0%	-19.7M	98.5M	-1.3M	86.03	6.58	65	5,549	7,534	41,253
2013-02-05	$236.44	$228.00	19.0%	6.1%	15.5%	5.2%	22.5%	4.3%	2.3%	-17.4M	61.1M	-1.2M	1.61	8.49	1,160	1,866	7,539	46,224
2013-02-06	$237.92	$228.00	18.6%	6.1%	15.5%	3.8%	22.1%	4.1%	2.3%	-16.7M	52.3M	-1.3M	1.62	10.03	443	718	8,420	47,648
2013-02-07	$236.60	$228.00	21.3%	6.1%	14.7%	12.4%	22.4%	4.0%	2.4%	-18.0M	67.1M	-1.3M	2.69	8.95	568	1,529	8,627	48,115
2013-02-08	$239.48	$228.00	20.8%	6.0%	14.4%	10.7%	22.4%	4.1%	2.7%	-14.7M	35.8M	-1.3M	1.72	8.16	1,056	1,817	9,160	49,488
2013-02-11	$237.32	$228.00	21.9%	6.3%	15.1%	14.1%	23.2%	4.3%	2.1%	-16.2M	58.8M	-1.5M	6.43	9.10	132	849	9,971	51,019
2013-02-12	$235.88	$228.00	21.3%	6.1%	15.3%	12.1%	24.2%	4.5%	2.1%	-18.5M	76.7M	-1.4M	15.25	9.38	185	2,817	10,015	51,501
2013-02-13	$237.52	$228.00	21.6%	6.2%	15.3%	13.4%	23.7%	4.5%	1.6%	-18.3M	63.9M	-1.4M	7.46	10.16	330	2,458	10,109	53,560
2013-02-14	$238.52	$228.00	20.8%	6.0%	15.3%	10.7%	21.7%	4.4%	2.2%	-16.0M	50.7M	-1.5M	7.40	10.17	434	3,210	10,228	55,043
2013-02-15	$233.88	$228.00	22.1%	6.3%	17.0%	14.6%	22.0%	4.5%	1.5%	-30.3M	140.8M	-1.6M	2.19	8.04	1,261	2,762	10,415	57,931
2013-02-19	$237.60	$232.00	20.8%	6.0%	17.8%	10.8%	20.8%	4.3%	0.6%	-19.9M	82.2M	-1.4M	0.87	8.29	869	753	9,091	51,024
2013-02-20	$229.24	$232.00	24.8%	7.1%	21.6%	23.1%	24.8%	5.0%	-0.6%	-29.7M	227.3M	-1.7M	3.88	9.07	800	3,106	9,694	51,451
2013-02-21	$229.24	$232.00	24.6%	7.0%	21.4%	22.4%	24.9%	4.6%	-0.4%	-31.4M	256.8M	-1.8M	4.26	8.49	1,222	5,209	10,365	53,671
2013-02-22	$233.28	$232.00	24.1%	6.9%	22.3%	20.9%	24.4%	4.5%	-0.7%	-28.6M	183.7M	-1.7M	4.19	8.68	791	3,314	10,722	55,634
2013-02-25	$225.92	$232.00	29.3%	8.4%	24.9%	37.3%	27.6%	4.8%	-2.3%	-33.8M	323.5M	-1.9M	7.61	7.41	819	6,231	11,257	56,164
2013-02-26	$227.32	$232.00	25.4%	7.3%	24.9%	25.2%	27.7%	4.9%	-0.7%	-36.7M	311.7M	-1.9M	5.74	8.11	2,156	12,369	11,323	56,456
2013-02-27	$231.44	$232.00	24.4%	7.0%	24.8%	22.0%	24.6%	5.1%	-1.0%	-32.4M	224.6M	-2.1M	26.27	7.75	249	6,534	13,107	58,125
2013-02-28	$231.88	$232.00	24.2%	6.9%	24.8%	21.2%	25.4%	4.4%	-0.5%	-35.8M	236.9M	-2.1M	19.56	7.65	142	2,773	13,132	62,108