XOP Options History — April 2014

In April 2014, XOP traded between $284.76 and $311.76. ATM implied volatility averaged 22.0%, placing in the 27.5% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 3.0% (HV 20d: 19.0%). Max pain ranged from $256.00 to $264.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 2.59.

Notable Days

  • 2014-04-24: Highest Volume — 7,800 contracts
  • 2014-04-07: Largest IV spike — 14.6% change
  • 2014-04-11: Highest IV Rank — 41.0%
  • 2014-04-11: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$299.22$284.76$311.76$288.96$310.44
Max Pain$260.19$256.00$264.00$260.00$260.00
ATM IV22.0%19.4%24.4%19.4%21.5%
Expected Move7.2%6.9%7.5%7.2%6.9%
HV 20d19.0%17.0%20.1%17.2%19.9%
HV 60d20.0%18.2%21.2%20.3%18.2%
IV Rank27.5%12.3%41.0%12.3%24.3%
IV Percentile36.2%6.3%61.1%6.3%30.6%
Term Structure-0.1%-1.2%1.1%0.2%-0.1%
VWIV28.0%13.0%38.6%26.6%34.3%
Skew 25d4.6%0.8%6.1%3.1%4.8%
Skew 10d9.8%4.2%13.1%7.6%11.3%
Call IV 25d20.3%18.3%22.4%18.4%19.7%
Put IV 25d24.9%20.7%27.4%21.4%24.6%
Bid-Ask Spread %11.226.2916.806.2914.43
Gamma HHI0.070.060.090.080.06
Net GEX-12.4M-25.5M-3.5M-9.0M-18.9M
Net DEX22.3M-149.6M170.0M61.8M-12.7M
Net VEX-2.0M-2.3M-1.8M-2.0M-2.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.590.457.660.451.81
Total Volume3,466.7629577,8001,3901,938
Total OI65,215.71458,46674,63658,46668,866

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-04-01$288.96$260.0019.4%7.2%17.2%12.3%0.0%3.1%0.2%-9.0M61.8M-2.0M0.456.2996142914,67943,787
2014-04-02$292.44$260.0019.7%7.2%17.0%13.8%0.0%3.3%0.2%-3.5M1.2M-1.9M3.788.068363,15714,83844,058
2014-04-03$293.88$260.0019.9%7.2%17.0%15.2%26.6%3.5%0.1%-6.2M-3.2M-2.0M0.696.371,8241,25214,96945,518
2014-04-04$291.20$264.0020.7%7.2%17.5%20.0%13.0%0.8%0.3%-10.5M40.6M-2.1M1.2216.801,5061,83915,39446,315
2014-04-07$284.76$264.0023.8%7.5%19.3%37.3%28.8%4.2%-0.6%-16.2M170.0M-2.2M1.619.881,1581,86615,44346,460
2014-04-08$290.20$260.0023.1%7.3%18.3%33.3%29.2%4.6%-0.7%-10.8M86.9M-2.2M3.3913.069043,06715,63247,217
2014-04-09$292.96$256.0022.6%7.3%18.4%30.5%29.2%5.3%-0.3%-10.1M44.7M-2.1M1.6713.0035959816,00849,359
2014-04-10$289.08$256.0023.8%7.3%18.7%37.8%0.0%4.9%0.0%-15.2M113.3M-2.2M4.1410.856542,70616,06249,627
2014-04-11$287.00$260.0024.4%7.5%18.7%41.0%0.0%5.0%-0.7%-18.4M160.2M-2.3M0.7212.1671851916,09551,844
2014-04-14$293.12$260.0023.7%7.4%19.9%37.2%0.0%4.7%0.2%-8.2M41.3M-2.1M5.7614.631,0436,00716,17451,702
2014-04-15$298.00$260.0023.6%7.2%19.7%36.5%38.6%5.2%-0.2%-8.9M-11.1M-2.1M1.6414.181,6092,64016,51957,092
2014-04-16$302.96$260.0021.6%7.3%19.8%24.7%0.0%5.5%1.1%-7.9M-87.9M-2.0M0.7410.411,01775716,99556,674
2014-04-17$307.44$260.0020.7%7.3%20.1%19.8%0.0%5.3%0.5%-7.1M-149.6M-1.9M2.318.351,3063,01517,45357,183
2014-04-21$309.24$260.0021.4%7.2%20.1%23.6%0.0%5.3%-0.3%-9.8M-31.4M-1.8M1.7310.211,0361,79213,21445,520
2014-04-22$308.56$260.0021.6%7.2%19.9%24.8%0.0%5.0%-0.7%-10.2M-26.5M-1.9M1.1212.4375984813,70546,259
2014-04-23$310.68$260.0021.5%7.0%19.9%24.3%28.8%4.2%-0.2%-9.9M-43.5M-1.9M4.349.466692,90513,93746,831
2014-04-24$311.76$260.0022.1%6.9%18.6%27.9%0.0%5.5%-0.9%-12.0M-61.4M-1.8M5.498.491,2026,59814,36448,896
2014-04-25$306.08$260.0023.3%7.3%20.0%34.9%24.3%6.1%-1.2%-20.5M70.5M-2.1M7.6611.568996,88615,16951,555
2014-04-28$305.44$260.0022.5%7.4%19.6%30.3%23.8%4.9%0.3%-25.5M91.0M-2.1M3.0314.389092,75315,28354,233
2014-04-29$309.44$264.0022.1%7.3%20.0%28.1%31.4%5.1%0.3%-21.3M14.2M-2.1M1.0110.5492893315,75052,851
2014-04-30$310.44$260.0021.5%6.9%19.9%24.3%34.3%4.8%-0.1%-18.9M-12.7M-2.0M1.8114.436901,24816,24252,624