XOP Options History — March 2013

In March 2013, XOP traded between $230.40 and $248.40. ATM implied volatility averaged 21.1%, placing in the 12.3% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded below realized volatility by 1.7% (HV 20d: 22.8%). Max pain ranged from $232.00 to $248.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 19 of 20 days. Put/call ratio averaged 12.61.

Notable Days

  • 2013-03-25: Highest Volume — 15,737 contracts
  • 2013-03-08: Largest IV drop — 14.0% change
  • 2013-03-04: Highest IV Rank — 22.9%
  • 2013-03-04: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$241.01$230.40$248.40$231.56$241.96
Max Pain$242.00$232.00$248.00$232.00$248.00
ATM IV21.1%17.0%24.7%23.8%20.7%
Expected Move6.2%5.7%6.9%6.8%5.9%
HV 20d22.8%16.8%25.9%24.8%17.0%
HV 60d20.4%19.2%20.9%20.9%19.2%
IV Rank12.3%0.0%22.9%20.0%11.4%
IV Percentile11.0%0.0%20.6%14.7%11.1%
Term Structure0.9%-0.2%1.9%0.1%1.1%
VWIV23.5%20.8%28.6%25.2%20.8%
Skew 25d4.8%4.1%5.6%4.2%4.8%
Skew 10d9.6%8.5%11.2%8.7%8.8%
Call IV 25d19.7%18.2%22.3%22.3%18.3%
Put IV 25d24.5%22.4%27.7%26.5%23.1%
Bid-Ask Spread %8.196.0010.808.108.63
Gamma HHI0.120.100.180.180.11
Net GEX-26.4M-43.6M-6.9M-39.0M-34.2M
Net DEX166.0M-61.6M311.6M265.9M253.1M
Net VEX-2.1M-2.3M-1.7M-2.2M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio12.610.7245.6513.0029.98
Total Volume4,628.4537115,7372,7981,859
Total OI74,676.7560,94584,41677,25271,097

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-03-01$231.56$232.0023.8%6.8%24.8%20.0%25.2%4.2%0.1%-39.0M265.9M-2.2M13.008.102002,59813,19864,054
2013-03-04$230.40$232.0024.7%6.9%24.5%22.9%26.5%5.6%0.6%-43.6M311.6M-2.3M45.657.441536,97413,26766,214
2013-03-05$232.64$232.0023.4%6.6%24.4%18.9%24.6%5.4%0.9%-40.4M237.4M-2.2M10.907.966677,27613,35067,875
2013-03-06$234.28$232.0021.6%6.3%23.6%13.3%25.5%5.0%1.4%-40.0M239.9M-2.2M23.418.3446610,89713,83470,582
2013-03-07$239.76$232.0019.7%6.0%24.9%7.4%23.0%4.6%1.7%-25.1M100.3M-2.1M7.2210.414193,02013,63967,943
2013-03-08$242.24$232.0017.0%5.8%25.0%0.0%21.4%4.4%1.9%-17.6M36.1M-2.0M3.696.005582,05613,58067,686
2013-03-11$242.52$240.0018.7%5.8%24.7%5.4%21.6%4.2%1.7%-14.9M22.0M-1.9M4.649.113771,74813,64268,912
2013-03-12$243.08$244.0017.7%5.8%24.4%2.2%21.3%4.3%1.6%-13.2M10.5M-1.8M2.218.8824654513,62069,837
2013-03-13$242.00$244.0018.6%6.0%24.4%5.0%21.6%4.4%1.7%-15.1M32.2M-1.9M2.447.3912931513,63870,171
2013-03-14$248.40$244.0019.9%5.7%25.9%9.0%21.6%4.1%1.7%-10.2M-61.6M-1.7M5.2610.806233,28013,59268,768
2013-03-15$247.84$244.0021.3%6.1%25.9%13.4%21.7%4.8%1.0%-6.9M69.6M-1.8M7.757.051,1348,7899,17771,270
2013-03-18$246.56$248.0022.0%6.3%24.8%15.5%22.6%5.0%0.2%-23.8M164.3M-2.1M9.858.082752,7048,85952,896
2013-03-19$242.56$248.0023.4%6.7%25.2%19.8%28.6%5.6%0.0%-25.1M223.6M-2.2M29.657.771895,6049,02051,925
2013-03-20$244.44$248.0021.6%6.2%21.1%14.1%25.5%4.9%0.6%-26.0M198.3M-2.2M8.887.765084,5089,10353,125
2013-03-21$241.04$248.0022.8%6.5%22.0%17.9%23.2%5.1%0.1%-30.0M260.0M-2.3M0.727.951,6951,2189,51355,895
2013-03-22$241.60$248.0022.6%6.5%21.3%17.5%22.2%5.3%-0.2%-29.1M251.6M-2.3M1.927.5748592810,64355,674
2013-03-25$240.68$248.0021.9%6.3%17.3%15.3%25.1%4.9%0.4%-31.7M267.8M-2.3M7.508.271,85213,88510,87757,045
2013-03-26$243.64$248.0019.8%5.7%17.6%8.8%26.7%4.5%1.1%-29.9M202.7M-2.3M33.129.091183,90011,61657,563
2013-03-27$242.92$248.0019.8%5.7%16.8%8.7%20.9%4.5%1.2%-32.5M233.8M-2.3M4.487.216830311,50259,333
2013-03-28$241.96$248.0020.7%5.9%17.0%11.4%20.8%4.8%1.1%-34.2M253.1M-2.3M29.988.63601,79911,54059,557