XOP Options History — November 2013

In November 2013, XOP traded between $265.52 and $285.16. ATM implied volatility averaged 26.8%, placing in the 55.3% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded below realized volatility by 1.7% (HV 20d: 28.5%). Max pain ranged from $180.00 to $288.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 3.73.

Notable Days

  • 2013-11-07: Highest Volume — 96,788 contracts
  • 2013-11-04: Largest IV spike — 16.7% change
  • 2013-11-07: Highest IV Rank — 81.8%
  • 2013-11-07: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$273.73$265.52$285.16$276.64$271.12
Max Pain$258.74$180.00$288.00$288.00$272.00
ATM IV26.8%24.7%31.4%25.3%25.2%
Expected Move7.8%7.0%8.4%7.0%7.9%
HV 20d28.5%26.4%29.7%26.4%27.9%
HV 60d21.9%18.8%23.1%18.8%23.1%
IV Rank55.3%43.6%81.8%47.2%46.6%
IV Percentile83.1%67.1%98.4%74.2%73.0%
Term Structure-0.6%-1.4%0.6%0.6%-0.6%
VWIV25.9%22.5%33.0%25.8%25.7%
Skew 25d4.3%3.5%5.6%3.6%3.8%
Skew 10d7.8%5.8%10.9%7.6%6.1%
Call IV 25d24.0%22.0%27.1%22.7%23.8%
Put IV 25d28.3%26.4%31.4%26.4%27.6%
Bid-Ask Spread %3.972.078.018.012.55
Gamma HHI0.120.090.150.110.15
Net GEX-114.2M-192.3M-81.9M-120.9M-107.0M
Net DEX848.5M353.0M1.47B849.9M795.2M
Net VEX-4.3M-5.3M-3.9M-4.3M-4.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.730.9215.167.871.78
Total Volume16,738.652,66496,78821,9442,664
Total OI178,270.4150,402220,893166,890166,230

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-11-01$276.64$288.0025.3%7.0%26.4%47.2%25.8%3.6%0.6%-120.9M849.9M-4.3M7.878.012,47419,47030,049136,841
2013-11-04$285.16$280.0029.6%7.2%27.6%71.1%27.3%5.6%-0.3%-90.1M353.0M-3.9M5.717.241,80910,32930,250136,731
2013-11-05$279.24$280.0029.2%7.5%27.7%69.2%26.3%5.5%-0.6%-107.6M663.4M-4.1M2.524.642,2925,76931,281136,907
2013-11-06$273.16$280.0027.3%7.6%28.8%58.1%27.0%4.8%-0.4%-133.6M1.07B-4.2M7.225.832,65019,12831,601140,488
2013-11-07$265.52$280.0031.4%8.4%28.8%81.8%29.7%4.3%-0.9%-124.5M1.47B-4.2M3.176.5823,21373,57532,509141,197
2013-11-08$272.28$280.0026.7%7.5%29.6%55.0%27.0%4.3%-0.2%-192.3M1.27B-5.3M4.155.645,32522,10837,515182,094
2013-11-11$273.24$0.0026.4%7.7%29.5%53.1%26.2%4.0%-0.4%-149.9M1.06B-4.7M1.057.419,2779,75736,485171,552
2013-11-12$270.00$272.0027.2%7.8%29.7%57.6%22.7%4.1%-0.4%-151.9M1.31B-4.6M2.902.461,1103,21738,208169,948
2013-11-13$274.04$180.0025.9%7.7%28.4%50.3%27.5%4.4%-0.6%-128.1M955.2M-4.4M2.273.002,2085,01139,795170,505
2013-11-14$276.92$200.0026.8%7.8%28.6%55.4%0.0%4.1%-0.7%-107.6M682.9M-4.3M2.273.359,35921,27640,138170,977
2013-11-15$277.28$200.0026.0%7.8%27.7%51.0%23.8%4.0%-0.3%-126.4M750.3M-4.5M2.102.742,0754,36339,900180,993
2013-11-18$269.24$200.0028.0%7.9%29.3%62.4%23.9%4.5%-1.4%-90.8M887.5M-4.4M2.502.861,6404,10725,966124,436
2013-11-19$267.84$272.0027.8%8.0%29.3%61.0%33.0%4.7%-1.2%-95.3M965.1M-4.5M5.072.452,83714,38726,618126,314
2013-11-20$267.96$272.0026.6%7.9%28.0%54.5%22.5%4.6%-0.8%-100.6M949.7M-4.5M1.342.622,3403,14628,386129,189
2013-11-21$275.64$272.0025.5%7.8%28.5%48.0%23.6%4.2%-1.1%-87.4M572.7M-4.3M0.922.432,4842,29728,901130,926
2013-11-22$277.28$272.0024.7%7.8%28.6%43.6%29.2%3.9%-0.7%-81.9M465.9M-4.1M3.032.592,4197,31929,970131,408
2013-11-25$274.04$272.0025.4%7.8%28.8%47.6%23.5%3.9%-0.7%-94.0M639.8M-4.2M2.142.451,3142,81730,526132,346
2013-11-26$275.80$272.0024.9%7.8%28.6%45.0%23.5%3.6%-0.6%-91.8M526.6M-4.0M15.162.071,31519,93431,043133,489
2013-11-27$272.20$272.0025.5%7.9%28.2%48.4%23.7%3.5%-0.5%-101.9M737.2M-4.2M1.482.433,2124,74631,253132,443
2013-11-29$271.12$272.0025.2%7.9%27.9%46.6%25.7%3.8%-0.6%-107.0M795.2M-4.1M1.782.559591,70532,469133,761