XOP Options History — May 2013

In May 2013, XOP traded between $224.40 and $250.44. ATM implied volatility averaged 24.2%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 1.9% (HV 20d: 26.1%). Max pain ranged from $228.00 to $240.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 6.82.

Notable Days

  • 2013-05-01: Highest Volume — 34,980 contracts
  • 2013-05-13: Largest IV spike — 21.0% change
  • 2013-05-31: Highest IV Rank — 30.7%
  • 2013-05-31: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$241.03$224.40$250.44$224.40$241.56
Max Pain$236.00$228.00$240.00$240.00$240.00
ATM IV24.2%21.1%27.0%26.6%27.0%
Expected Move7.1%6.4%7.8%7.6%7.8%
HV 20d26.1%19.6%34.4%32.7%21.0%
HV 60d25.7%24.7%26.4%25.9%25.2%
IV Rank22.2%12.7%30.7%29.7%30.7%
IV Percentile33.1%14.3%54.8%44.0%54.8%
Term Structure0.7%-0.7%2.1%0.4%-0.7%
VWIV26.9%24.2%30.2%26.8%28.4%
Skew 25d6.0%5.3%6.8%5.7%6.7%
Skew 10d13.1%10.9%15.4%12.4%15.4%
Call IV 25d22.4%20.6%24.3%24.0%24.3%
Put IV 25d28.4%26.3%31.0%29.7%31.0%
Bid-Ask Spread %9.437.0812.8110.138.19
Gamma HHI0.120.110.180.170.12
Net GEX-33.7M-52.0M-17.9M-48.8M-32.2M
Net DEX201.8M55.0M547.1M547.1M256.8M
Net VEX-2.5M-2.9M-2.2M-2.5M-2.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.820.5923.0223.022.97
Total Volume5,656.9551,08634,98034,9801,886
Total OI109,955.18286,562124,760102,571102,183

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-05-01$224.40$240.0026.6%7.6%32.7%29.7%26.8%5.7%0.4%-48.8M547.1M-2.5M23.0210.131,45633,52419,14883,423
2013-05-02$228.56$240.0025.5%7.3%33.4%26.3%28.2%5.8%0.7%-48.7M482.1M-2.8M18.6512.0980915,07519,58695,686
2013-05-03$234.76$240.0023.2%6.7%34.4%19.2%24.5%6.4%0.9%-44.4M341.1M-2.9M4.177.086692,78820,180100,768
2013-05-06$236.68$228.0023.8%7.0%34.1%21.0%29.6%6.8%0.7%-40.3M259.0M-2.6M12.828.143794,85320,50998,882
2013-05-07$239.76$228.0022.8%6.8%34.2%17.8%29.6%5.8%1.2%-38.3M191.6M-2.5M8.738.035544,83420,671100,476
2013-05-08$239.20$228.0022.3%6.8%34.1%16.3%24.2%5.9%0.9%-40.1M205.1M-2.6M1.437.9451573720,745100,923
2013-05-09$238.16$228.0022.0%6.8%34.1%15.5%27.8%5.5%1.0%-38.6M206.8M-2.5M2.778.911,6984,70420,886101,086
2013-05-10$238.16$228.0021.1%6.7%33.2%12.7%26.8%5.7%1.6%-41.7M218.9M-2.5M3.7511.273031,13720,732100,074
2013-05-13$237.12$228.0025.5%7.3%23.6%26.3%26.3%6.1%0.4%-41.8M243.0M-2.5M10.579.722732,88020,79799,935
2013-05-14$242.12$232.0021.7%6.7%23.6%14.5%27.2%6.1%1.8%-34.6M130.1M-2.4M8.8811.353863,42520,808101,252
2013-05-15$241.28$232.0024.5%7.2%20.3%23.3%27.4%5.9%1.3%-38.4M157.0M-2.5M16.3511.3875312,31920,767103,370
2013-05-16$239.48$240.0024.5%7.0%20.5%23.2%26.5%6.3%1.9%-52.0M249.3M-2.6M2.6412.8129878821,026103,670
2013-05-17$244.84$240.0023.4%6.7%21.2%19.8%24.9%5.7%2.1%-19.8M57.8M-2.2M2.7111.501,0272,78020,926103,834
2013-05-20$250.44$240.0022.2%6.4%22.0%16.2%25.3%5.7%0.7%-17.9M55.0M-2.3M4.847.557633,69514,39672,166
2013-05-21$249.00$240.0024.0%6.9%22.4%21.7%25.4%5.3%0.5%-21.5M93.5M-2.4M0.597.921,9681,15414,76975,388
2013-05-22$245.28$240.0025.1%7.2%22.3%24.9%26.9%5.9%0.4%-22.6M122.6M-2.4M4.568.173101,41316,54276,040
2013-05-23$245.40$240.0025.7%7.4%22.3%26.7%28.0%6.2%0.3%-25.2M158.8M-2.6M1.668.921,6622,76416,68676,509
2013-05-24$244.20$240.0025.1%7.2%22.1%25.2%30.2%5.9%0.5%-26.9M171.9M-2.7M13.869.131151,58817,97777,911
2013-05-28$247.88$240.0025.4%7.3%22.0%25.8%25.0%5.8%-0.3%-22.9M97.1M-2.5M1.459.671,2091,75618,02679,278
2013-05-29$247.72$240.0025.6%7.3%21.7%26.5%26.3%6.3%-0.2%-21.0M90.3M-2.4M2.008.561,2472,49218,81980,585
2013-05-30$246.76$240.0025.3%7.2%19.6%25.5%26.9%6.2%0.0%-24.2M104.7M-2.4M1.668.9555191619,73381,846
2013-05-31$241.56$240.0027.0%7.8%21.0%30.7%28.4%6.7%-0.7%-32.2M256.8M-2.6M2.978.194751,41119,95782,226