XOP Options History — May 2014

In May 2014, XOP traded between $296.84 and $311.32. ATM implied volatility averaged 20.6%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 2.3% (HV 20d: 18.3%). Max pain ranged from $232.00 to $260.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 5.45.

Notable Days

  • 2014-05-28: Highest Volume — 12,137 contracts
  • 2014-05-13: Largest IV drop — 7.4% change
  • 2014-05-08: Highest IV Rank — 32.8%
  • 2014-05-08: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$302.89$296.84$311.32$307.08$308.16
Max Pain$245.14$232.00$260.00$260.00$236.00
ATM IV20.6%19.2%23.0%21.3%20.4%
Expected Move7.0%6.6%7.3%7.2%7.0%
HV 20d18.3%16.5%20.4%20.3%18.4%
HV 60d18.4%17.7%18.8%18.2%18.4%
IV Rank19.2%11.0%32.8%23.3%18.0%
IV Percentile20.1%5.2%50.4%27.4%18.3%
Term Structure0.1%-0.4%1.0%-0.2%0.1%
VWIV24.8%19.5%33.1%28.6%22.6%
Skew 25d4.6%4.0%5.3%5.3%4.8%
Skew 10d9.2%5.1%13.5%10.3%7.7%
Call IV 25d19.0%17.5%20.9%19.6%18.6%
Put IV 25d23.5%21.9%25.8%24.9%23.3%
Bid-Ask Spread %12.6010.0517.3411.6910.05
Gamma HHI0.090.060.150.060.11
Net GEX-28.3M-44.9M-17.8M-22.4M-32.1M
Net DEX142.9M-2.4M291.6M39.1M106.4M
Net VEX-2.1M-2.3M-1.9M-2.0M-2.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.451.0416.432.5010.15
Total Volume3,809.1979212,1372,2632,820
Total OI75,448.1969,82390,38969,93190,389

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-05-01$307.08$260.0021.3%7.2%20.3%23.3%28.6%5.3%-0.2%-22.4M39.1M-2.0M2.5011.696461,61716,67953,252
2014-05-02$309.12$256.0020.9%7.2%20.3%20.7%0.0%4.9%0.1%-18.7M-2.4M-1.9M16.1410.373345,39516,74554,073
2014-05-05$308.40$256.0021.3%7.2%20.0%23.3%24.5%4.9%0.3%-17.8M24.0M-2.0M6.2114.523101,92616,26654,227
2014-05-06$307.20$256.0021.4%7.3%17.8%23.9%26.0%4.1%0.3%-19.1M22.6M-1.9M9.4312.363393,19716,27853,946
2014-05-07$307.48$256.0021.5%7.1%16.9%24.6%26.1%4.5%0.1%-21.8M43.8M-2.0M6.5811.755453,58616,47856,372
2014-05-08$298.28$256.0023.0%7.3%20.4%32.8%26.1%5.0%-0.3%-36.7M267.6M-2.3M1.3613.341,8292,49516,65359,364
2014-05-09$297.76$260.0021.8%7.2%19.8%26.0%22.8%4.7%0.0%-37.6M289.8M-2.3M7.6111.871,0067,65317,02760,521
2014-05-12$300.60$260.0021.0%7.1%19.7%21.6%33.1%4.4%-0.1%-33.8M193.0M-2.2M3.6312.784021,46017,11462,188
2014-05-13$303.20$260.0019.4%6.8%18.6%12.6%27.6%4.0%-0.0%-26.5M116.5M-2.0M1.6913.137061,19117,08961,866
2014-05-14$300.04$232.0020.0%7.0%18.2%15.7%29.1%4.2%0.1%-33.8M184.8M-2.1M1.1410.7984496317,39262,170
2014-05-15$297.00$236.0021.1%7.1%17.5%22.1%26.7%4.4%0.1%-39.9M282.2M-2.2M6.0510.741,2197,36817,40661,686
2014-05-16$296.84$236.0020.1%7.1%16.5%16.5%22.1%4.4%-0.2%-44.9M291.6M-2.3M1.7012.211,8533,14817,75465,779
2014-05-19$299.64$236.0019.5%6.9%16.7%13.1%0.0%4.3%0.8%-27.9M184.2M-2.2M1.5713.7050779814,57055,253
2014-05-20$297.36$236.0020.3%7.0%16.9%17.3%23.1%4.3%0.3%-30.3M223.7M-2.2M1.9814.635481,08714,76455,539
2014-05-21$302.44$236.0019.2%6.6%17.9%11.0%21.6%4.4%1.0%-26.1M148.8M-2.2M2.1817.3432270215,10256,478
2014-05-22$301.52$236.0019.9%6.9%17.8%15.0%20.5%4.5%0.2%-27.2M158.1M-2.2M1.6416.0039965315,17357,089
2014-05-23$299.08$236.0019.8%7.0%16.9%14.7%23.9%4.6%-0.1%-28.4M186.4M-2.1M3.2913.605631,85315,19157,417
2014-05-27$302.32$236.0020.5%6.9%17.4%18.6%0.0%4.8%-0.4%-26.7M142.5M-2.0M1.0411.7138940315,09057,490
2014-05-28$305.76$236.0020.3%7.0%17.3%17.5%22.2%4.5%-0.2%-18.0M64.8M-1.9M12.1111.3092611,21115,19357,270
2014-05-29$311.32$236.0019.7%6.8%18.4%14.1%19.5%5.3%-0.1%-25.4M32.5M-2.1M16.4310.793896,39115,80768,272
2014-05-30$308.16$236.0020.4%7.0%18.4%18.0%22.6%4.8%0.1%-32.1M106.4M-2.3M10.1510.052532,56715,89074,499