XOP Options History — January 2014

In January 2014, XOP traded between $258.96 and $275.20. ATM implied volatility averaged 22.4%, placing in the 30.8% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 2.6% (HV 20d: 19.8%). 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 9 of 21 days. Put/call ratio averaged 3.61.

Notable Days

  • 2014-01-09: Highest Volume — 16,318 contracts
  • 2014-01-24: Largest IV spike — 14.5% change
  • 2014-01-29: Highest IV Rank — 48.5%
  • 2014-01-03: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$265.75$258.96$275.20$268.44$263.00
Max Pain$272.00$272.00$272.00$272.00$272.00
ATM IV22.4%19.2%25.6%23.2%25.1%
Expected Move7.4%7.1%7.6%7.6%7.6%
HV 20d19.8%14.6%24.7%16.3%23.0%
HV 60d22.3%21.6%23.5%23.5%21.6%
IV Rank30.8%12.7%48.5%35.1%45.8%
IV Percentile44.7%11.5%78.6%54.4%69.8%
Term Structure0.1%-0.6%1.8%0.2%-0.2%
VWIV25.6%22.3%31.0%25.0%24.0%
Skew 25d3.4%2.6%4.6%3.1%4.6%
Skew 10d7.2%5.5%9.9%6.7%9.9%
Call IV 25d21.1%17.9%23.9%21.8%23.6%
Put IV 25d24.5%21.1%28.2%24.9%28.2%
Bid-Ask Spread %8.224.7814.685.919.38
Gamma HHI0.180.100.570.140.12
Net GEX-45.8M-118.7M-10.5M-38.5M-24.3M
Net DEX346.6M79.5M735.9M225.4M377.5M
Net VEX-2.1M-2.3M-2.0M-2.0M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.610.5219.483.842.11
Total Volume6,415.4291,71416,3185,3194,005
Total OI79,735.28654,675101,31178,87069,752

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-01-02$268.44$272.0023.2%7.6%16.3%35.1%0.0%3.1%0.2%-38.5M225.4M-2.0M3.845.911,1004,21923,76855,102
2014-01-03$266.00$272.0023.1%7.6%16.6%34.7%0.0%2.9%0.5%-46.6M306.7M-2.1M1.086.801,4661,58824,32957,858
2014-01-06$264.56$272.0023.4%7.5%16.7%36.6%0.0%3.7%-0.6%-51.1M350.3M-2.0M19.486.163075,98624,80257,890
2014-01-07$267.00$272.0021.4%7.4%15.9%24.8%0.0%3.2%-0.4%-51.4M279.1M-2.0M1.605.441,7032,72824,91959,874
2014-01-08$265.80$272.0022.4%7.4%15.9%30.5%25.0%3.2%-0.4%-60.1M338.8M-2.0M1.3010.521,7532,27826,14963,702
2014-01-09$264.72$272.0022.0%7.4%16.0%28.3%27.2%3.1%-0.5%-68.0M379.1M-2.1M3.515.283,62212,69627,16264,419
2014-01-10$266.40$272.0021.2%7.4%14.6%24.0%0.0%3.1%-0.4%-59.6M385.9M-2.1M14.427.0385712,35628,10169,217
2014-01-13$258.96$272.0022.9%7.5%17.8%33.3%26.4%3.8%-0.3%-83.4M735.9M-2.1M2.986.134,00311,94627,79271,437
2014-01-14$264.00$272.0021.5%7.5%19.1%25.5%0.0%3.6%0.1%-74.7M503.5M-2.2M4.3410.688713,77427,69772,823
2014-01-15$263.64$272.0020.6%7.4%19.0%20.7%25.0%3.4%0.6%-77.5M509.1M-2.1M1.206.461,0911,31427,49772,217
2014-01-16$266.40$272.0020.5%7.3%19.4%20.0%24.2%3.4%-0.5%-61.3M367.5M-2.1M4.169.627393,07327,45372,776
2014-01-17$263.76$272.0020.4%7.3%19.6%19.4%0.0%3.0%-0.5%-118.7M479.3M-2.0M1.735.843,8766,68827,71973,592
2014-01-21$270.24$272.0019.2%7.2%21.2%12.7%0.0%3.3%1.8%-16.3M198.4M-2.0M1.379.542,7113,72715,17539,500
2014-01-22$275.20$272.0019.2%7.2%21.7%12.9%31.0%2.9%1.5%-10.5M79.5M-2.0M0.526.023,5831,87816,73241,592
2014-01-23$272.12$272.0020.9%7.1%22.0%22.1%0.0%2.6%0.9%-12.3M135.6M-2.1M2.3710.871,0562,50319,04242,322
2014-01-24$265.92$272.0023.9%7.5%23.3%39.2%0.0%3.5%0.3%-25.7M291.8M-2.2M2.744.782,0995,75819,33043,100
2014-01-27$260.80$272.0025.2%7.5%24.1%46.4%22.3%3.7%-0.5%-22.2M390.0M-2.1M1.7214.542,1103,63919,68640,970
2014-01-28$265.36$272.0024.4%7.5%24.7%42.2%0.0%3.9%-0.1%-18.4M295.5M-2.2M2.2010.191,0372,28121,08842,924
2014-01-29$263.68$272.0025.6%7.6%24.3%48.5%0.0%4.3%-0.6%-21.4M342.3M-2.2M1.2914.682,8723,71721,67544,078
2014-01-30$264.76$272.0024.8%7.5%24.0%44.0%0.0%4.2%0.1%-19.4M307.4M-2.3M1.776.696181,09623,88845,292
2014-01-31$263.00$272.0025.1%7.6%23.0%45.8%24.0%4.6%-0.2%-24.3M377.5M-2.3M2.119.381,2902,71524,20645,546