XOP Options History — April 2013

In April 2013, XOP traded between $218.84 and $240.88. ATM implied volatility averaged 24.3%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 1.6% (HV 20d: 25.9%). Max pain ranged from $240.00 to $260.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 8.18.

Notable Days

  • 2013-04-18: Highest Volume — 21,243 contracts
  • 2013-04-15: Largest IV spike — 32.3% change
  • 2013-04-15: Highest IV Rank — 38.0%
  • 2013-04-15: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$229.96$218.84$240.88$239.28$229.48
Max Pain$247.64$240.00$260.00$248.00$240.00
ATM IV24.3%19.9%29.3%21.1%25.2%
Expected Move7.0%6.0%8.4%6.0%7.2%
HV 20d25.9%17.6%33.1%17.6%32.8%
HV 60d22.7%19.0%25.6%19.0%25.6%
IV Rank22.6%9.0%38.0%12.6%25.4%
IV Percentile30.2%8.3%59.1%13.1%36.1%
Term Structure0.2%-1.2%0.9%0.8%0.4%
VWIV25.6%21.4%32.1%22.3%28.5%
Skew 25d5.9%4.7%8.8%4.8%5.3%
Skew 10d12.4%9.8%18.7%10.9%10.6%
Call IV 25d22.1%19.4%26.1%19.4%23.0%
Put IV 25d28.0%24.2%33.6%24.2%28.2%
Bid-Ask Spread %8.556.2510.7210.239.22
Gamma HHI0.140.100.510.110.15
Net GEX-48.2M-129.0M-35.8M-37.9M-43.3M
Net DEX500.6M256.3M917.9M317.6M400.5M
Net VEX-2.3M-2.5M-2.1M-2.4M-2.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio8.181.1155.7611.311.29
Total Volume6,167.77370921,2432,2751,573
Total OI87,407.86470,580106,05372,416101,520

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-04-01$239.28$248.0021.1%6.0%17.6%12.6%22.3%4.8%0.8%-37.9M317.6M-2.4M11.3110.231852,09011,57260,844
2013-04-02$235.48$248.0021.5%6.2%18.6%14.0%21.8%5.0%0.6%-39.9M374.5M-2.2M3.649.4915355611,62759,272
2013-04-03$229.96$248.0023.9%6.8%20.2%21.2%23.7%5.4%-0.4%-41.6M484.9M-2.2M2.7110.721,9075,16711,66259,520
2013-04-04$229.96$248.0024.2%6.9%20.0%22.2%24.1%4.7%-0.6%-40.7M473.2M-2.2M14.608.315608,17311,54759,033
2013-04-05$233.16$240.0023.1%6.7%18.8%18.9%24.8%5.9%0.4%-44.4M439.4M-2.3M1.117.8854560411,82765,176
2013-04-08$236.72$240.0021.7%6.4%19.2%14.7%21.4%5.6%0.5%-40.0M340.6M-2.2M2.338.192,2945,34412,04563,275
2013-04-09$239.56$260.0020.6%6.2%19.8%11.3%23.8%5.3%0.3%-37.6M293.7M-2.2M6.937.144022,78413,87464,490
2013-04-10$240.88$260.0019.9%6.2%19.9%9.0%23.2%5.1%0.2%-35.8M256.3M-2.1M2.916.253761,09314,05365,268
2013-04-11$240.00$260.0021.7%6.2%19.9%14.6%24.8%5.0%0.3%-38.2M281.1M-2.1M55.768.5523012,81114,12965,786
2013-04-12$234.88$260.0022.1%6.4%18.6%16.0%24.7%5.4%0.3%-49.7M457.4M-2.3M3.0010.141,8725,61314,10673,080
2013-04-15$220.72$260.0029.3%8.4%28.1%38.0%28.1%6.5%-1.2%-52.8M847.8M-2.3M6.407.811,72111,01515,14575,725
2013-04-16$225.44$260.0026.1%7.5%29.7%28.1%27.7%6.1%-0.4%-65.0M733.0M-2.4M5.639.521,2066,79216,25177,725
2013-04-17$218.84$256.0027.7%7.9%30.8%32.9%29.1%8.8%-0.3%-53.0M917.9M-2.4M3.596.531,7766,37917,20678,880
2013-04-18$221.68$240.0028.8%8.3%31.1%36.5%32.1%8.5%-0.7%-59.0M810.5M-2.4M24.209.5584320,40018,30379,725
2013-04-19$220.36$240.0027.4%7.8%30.9%31.9%28.1%7.8%0.0%-129.0M865.0M-2.5M6.339.028985,69018,26487,789
2013-04-22$221.60$240.0026.5%7.6%31.0%29.2%26.4%6.6%0.4%-41.7M550.7M-2.4M3.077.111,4574,47815,97872,636
2013-04-23$223.64$240.0024.7%7.1%31.4%23.7%25.9%6.1%0.6%-42.4M523.1M-2.4M9.3110.154434,12417,06974,445
2013-04-24$229.20$240.0024.7%7.1%32.5%23.8%25.4%5.6%0.6%-39.9M407.1M-2.4M7.498.739216,89817,35678,107
2013-04-25$229.56$240.0025.6%7.3%32.6%26.5%25.8%5.3%0.6%-42.1M409.9M-2.5M2.287.334801,09217,80081,043
2013-04-26$227.56$240.0024.3%7.0%32.6%22.7%24.3%5.4%0.9%-44.0M457.0M-2.5M2.728.535961,61917,87881,635
2013-04-29$231.20$240.0024.8%7.1%33.1%24.2%26.4%5.0%0.2%-42.0M372.7M-2.4M3.437.625721,95918,22882,079
2013-04-30$229.48$240.0025.2%7.2%32.8%25.4%28.5%5.3%0.4%-43.3M400.5M-2.4M1.299.2268688718,55082,970