XOP Options History — February 2014

In February 2014, XOP traded between $256.16 and $282.96. ATM implied volatility averaged 24.2%, placing in the 41.1% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 0.9% (HV 20d: 23.3%). Max pain ranged from $256.00 to $272.00. Net GEX was positive for 2 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 5.12.

Notable Days

2014-02-24: Highest Volume — 9,061 contracts
2014-02-07: Largest IV drop — 7.6% change
2014-02-03: Highest IV Rank — 66.2%
2014-02-05: Largest Expected Move — 7.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$270.23	$256.16	$282.96	$256.16	$278.76
Max Pain	$257.89	$256.00	$272.00	$272.00	$256.00
ATM IV	24.2%	22.0%	28.7%	28.7%	22.7%
Expected Move	7.5%	7.2%	7.8%	7.7%	7.3%
HV 20d	23.3%	20.1%	26.1%	24.6%	20.3%
HV 60d	20.3%	19.2%	21.8%	21.8%	19.8%
IV Rank	41.1%	28.4%	66.2%	66.2%	32.5%
IV Percentile	58.0%	36.9%	92.9%	92.9%	44.0%
Term Structure	-0.2%	-1.1%	0.5%	-1.1%	0.2%
VWIV	30.1%	26.3%	36.9%	26.4%	32.2%
Skew 25d	4.3%	3.5%	5.8%	5.8%	4.2%
Skew 10d	8.6%	6.6%	11.6%	11.5%	9.3%
Call IV 25d	22.3%	20.2%	26.2%	26.2%	21.0%
Put IV 25d	26.6%	24.5%	32.0%	32.0%	25.2%
Bid-Ask Spread %	4.91	2.92	8.63	8.63	5.48
Gamma HHI	0.13	0.09	0.42	0.13	0.11
Net GEX	-15.8M	-33.7M	54.6M	-27.7M	-21.9M
Net DEX	207.1M	-17.1M	482.8M	482.8M	143.8M
Net VEX	-2.2M	-2.4M	-1.9M	-2.1M	-2.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	5.12	0.50	20.70	2.29	20.70
Total Volume	5,224	1,718	9,061	5,696	5,854
Total OI	74,347.316	64,326	86,816	64,326	78,196

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2014-02-03	$256.16	$272.00	28.7%	7.7%	24.6%	66.2%	26.4%	5.8%	-1.1%	-27.7M	482.8M	-2.1M	2.29	8.63	1,732	3,964	20,632	43,694
2014-02-04	$260.44	$260.00	27.5%	7.7%	25.4%	59.5%	26.9%	5.6%	-0.9%	-28.3M	397.5M	-2.3M	2.74	6.47	683	1,874	21,589	45,503
2014-02-05	$257.28	$260.00	28.3%	7.8%	25.4%	64.0%	0.0%	5.4%	-1.1%	-30.8M	475.4M	-2.2M	1.62	4.81	2,146	3,477	21,984	46,318
2014-02-06	$260.76	$260.00	26.6%	7.7%	26.0%	54.5%	0.0%	5.5%	-0.3%	-30.9M	398.3M	-2.3M	8.08	6.05	951	7,682	23,457	48,026
2014-02-07	$263.04	$260.00	24.6%	7.5%	26.1%	43.1%	0.0%	4.6%	-0.1%	-31.3M	349.0M	-2.3M	2.25	3.46	859	1,930	23,760	51,223
2014-02-10	$261.16	$260.00	24.8%	7.6%	26.1%	44.3%	26.3%	4.0%	-0.3%	-33.7M	375.6M	-2.1M	6.51	4.52	672	4,376	22,891	47,817
2014-02-11	$264.84	$256.00	24.0%	7.5%	24.5%	39.5%	0.0%	3.8%	-0.3%	-27.6M	272.9M	-2.1M	19.66	4.40	314	6,167	23,260	48,048
2014-02-12	$267.08	$256.00	23.1%	7.4%	23.8%	34.7%	0.0%	3.6%	-0.3%	-26.6M	224.4M	-2.1M	1.93	3.44	759	1,466	23,334	49,784
2014-02-13	$270.84	$256.00	23.1%	7.4%	24.2%	34.8%	0.0%	3.5%	-0.2%	-16.4M	118.7M	-2.1M	3.87	3.27	1,150	4,446	23,680	50,127
2014-02-14	$273.00	$256.00	23.1%	7.4%	24.1%	34.8%	32.8%	3.5%	0.5%	-8.4M	54.9M	-2.0M	5.90	3.73	1,210	7,134	23,943	52,960
2014-02-18	$277.12	$256.00	23.3%	7.4%	24.2%	35.6%	0.0%	3.8%	-0.3%	246.8K	-17.1M	-1.9M	2.12	5.95	1,132	2,403	23,454	52,916
2014-02-19	$275.00	$256.00	23.6%	7.4%	23.0%	37.5%	0.0%	3.7%	0.1%	-1.8M	32.0M	-2.0M	9.95	6.58	778	7,746	24,219	54,669
2014-02-20	$275.60	$256.00	23.3%	7.4%	22.1%	36.0%	0.0%	3.8%	-0.1%	-881.7K	83.3M	-2.4M	1.17	3.49	1,319	1,544	24,255	60,629
2014-02-21	$276.00	$256.00	22.7%	7.3%	21.7%	32.1%	0.0%	3.7%	-0.2%	54.6M	58.5M	-2.3M	0.99	3.97	4,125	4,090	25,212	61,604
2014-02-24	$282.96	$256.00	22.0%	7.2%	21.4%	28.4%	29.5%	4.3%	0.1%	-9.0M	23.0M	-2.2M	2.16	6.12	2,871	6,190	20,736	50,056
2014-02-25	$280.92	$256.00	22.8%	7.3%	20.1%	32.9%	0.0%	4.2%	0.3%	-16.2M	94.5M	-2.3M	0.50	2.92	1,794	899	20,847	53,244
2014-02-26	$276.80	$256.00	23.3%	7.4%	20.4%	36.0%	36.9%	4.5%	-0.0%	-21.9M	181.6M	-2.4M	1.72	5.40	631	1,087	21,832	53,223
2014-02-27	$276.64	$256.00	22.9%	7.4%	20.2%	33.4%	0.0%	4.3%	0.3%	-22.5M	186.6M	-2.4M	3.06	4.61	936	2,865	22,318	53,159
2014-02-28	$278.76	$256.00	22.7%	7.3%	20.3%	32.5%	32.2%	4.2%	0.2%	-21.9M	143.8M	-2.4M	20.70	5.48	270	5,584	22,586	55,610