XOP Options History — December 2013

In December 2013, XOP traded between $260.08 and $275.36. ATM implied volatility averaged 25.0%, placing in the 45.6% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 6.8% (HV 20d: 18.2%). Max pain ranged from $272.00 to $272.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 3.18.

Notable Days

  • 2013-12-19: Highest Volume — 15,051 contracts
  • 2013-12-03: Largest IV spike — 21.2% change
  • 2013-12-03: Highest IV Rank — 92.8%
  • 2013-12-05: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$267.96$260.08$275.36$271.32$274.12
Max Pain$272.00$272.00$272.00$272.00$272.00
ATM IV25.0%19.6%33.4%27.6%20.6%
Expected Move7.8%7.4%8.0%7.9%7.4%
HV 20d18.2%13.0%27.8%27.8%14.5%
HV 60d23.2%22.9%23.4%23.1%23.3%
IV Rank45.6%14.7%92.8%59.9%20.7%
IV Percentile62.5%13.1%99.6%90.9%25.8%
Term Structure0.5%-1.8%1.6%-1.0%0.5%
VWIV26.7%22.3%31.5%22.6%22.7%
Skew 25d3.0%2.0%3.7%3.5%2.9%
Skew 10d6.0%4.4%7.4%5.9%6.8%
Call IV 25d22.6%18.9%25.8%24.4%19.7%
Put IV 25d25.6%21.0%29.2%27.9%22.6%
Bid-Ask Spread %4.762.187.272.186.76
Gamma HHI0.180.120.300.160.12
Net GEX-90.5M-148.6M-19.2M-104.4M-24.2M
Net DEX734.9M14.6M1.36B769.5M57.4M
Net VEX-2.9M-3.9M-2.0M-3.9M-2.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.180.556.181.990.89
Total Volume7,573.5711,37915,0514,3653,050
Total OI144,326.23877,886172,854164,78777,886

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2013-12-02$271.32$272.0027.6%7.9%27.8%59.9%22.6%3.5%-1.0%-104.4M769.5M-3.9M1.992.181,4612,90432,091132,696
2013-12-03$270.64$272.0033.4%7.9%25.3%92.8%0.0%3.5%-1.8%-103.1M795.2M-3.9M0.797.063,9643,13232,784133,089
2013-12-04$269.72$272.0033.2%8.0%24.3%91.6%25.8%3.0%-1.4%-105.7M825.8M-3.8M1.893.113,8887,35034,884133,461
2013-12-05$269.40$272.0028.5%8.0%23.1%65.3%26.4%3.4%-1.3%-102.3M827.5M-3.8M0.682.682,1841,48737,326133,187
2013-12-06$264.76$272.0027.0%7.9%21.7%56.6%29.8%3.5%0.8%-123.6M1.14B-3.7M4.213.442,2549,49038,167133,921
2013-12-09$264.28$272.0027.9%7.9%19.5%61.8%28.5%3.5%0.9%-123.3M1.15B-3.4M5.052.871,5647,89137,764133,228
2013-12-10$264.80$272.0028.3%7.9%19.4%63.9%22.3%3.5%1.6%-123.1M1.11B-3.3M4.372.992,1499,39038,686134,168
2013-12-11$260.08$272.0027.7%8.0%20.0%60.3%31.5%3.1%1.3%-119.9M1.36B-3.2M6.183.031,95212,06239,381132,913
2013-12-12$261.88$272.0025.3%8.0%19.3%46.8%0.0%3.4%1.5%-121.8M1.23B-3.1M5.852.911,5358,96939,207131,878
2013-12-13$261.36$272.0025.4%7.9%18.7%47.5%25.7%3.7%1.1%-121.1M1.26B-3.0M2.723.353,2808,92240,021131,194
2013-12-16$262.96$272.0025.2%7.9%18.9%46.5%30.2%3.6%1.0%-120.9M1.12B-2.9M1.533.232,0233,09640,823128,834
2013-12-17$262.96$272.0025.1%7.8%16.0%45.9%25.8%3.4%1.1%-123.2M1.13B-2.8M2.066.441,0612,18342,446128,595
2013-12-18$264.84$272.0024.4%7.7%16.2%41.9%0.0%2.9%0.9%-134.8M994.9M-2.7M2.757.032,1475,90142,963128,226
2013-12-19$267.44$272.0023.5%7.7%16.6%37.0%28.3%2.6%0.3%-148.6M731.2M-2.6M4.525.992,72812,32343,714126,984
2013-12-20$270.92$272.0022.2%7.6%13.8%29.4%0.0%2.8%0.7%-66.3M511.1M-2.5M0.555.155,0602,76241,459127,067
2013-12-23$272.32$272.0020.6%7.6%13.8%20.8%0.0%2.3%1.5%-30.0M130.5M-2.3M2.685.141,0822,90422,69158,145
2013-12-24$274.16$272.0019.6%7.5%13.4%14.7%27.4%2.1%1.3%-24.9M58.5M-2.2M5.776.479415,43123,17158,203
2013-12-26$272.52$272.0020.0%7.5%13.3%17.2%25.6%2.2%0.6%-28.5M93.9M-2.1M4.606.021,2025,52923,22357,985
2013-12-27$275.36$272.0019.7%7.4%13.0%15.3%26.9%2.0%0.7%-19.2M14.6M-2.0M3.867.272841,09523,28955,819
2013-12-30$271.36$272.0020.6%7.4%14.0%20.7%28.1%2.5%0.2%-32.1M128.6M-2.0M3.946.904891,92623,09956,183
2013-12-31$274.12$272.0020.6%7.4%14.5%20.7%22.7%2.9%0.5%-24.2M57.4M-2.0M0.896.761,6151,43523,37854,508