XOP Options History — June 2014

In June 2014, XOP traded between $304.68 and $333.80. ATM implied volatility averaged 20.7%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 4.4% (HV 20d: 16.3%). Max pain ranged from $236.00 to $320.00. Net GEX was positive for 4 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 5.32.

Notable Days

  • 2014-06-27: Highest Volume — 11,795 contracts
  • 2014-06-24: Largest IV spike — 16.9% change
  • 2014-06-24: Highest IV Rank — 32.2%
  • 2014-06-25: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$320.28$304.68$333.80$304.68$329.12
Max Pain$276.00$236.00$320.00$236.00$320.00
ATM IV20.7%18.5%22.5%21.3%21.4%
Expected Move6.9%6.6%7.1%7.0%7.0%
HV 20d16.3%12.0%20.0%18.7%18.1%
HV 60d18.0%17.0%19.1%18.5%19.0%
IV Rank20.9%7.8%32.2%23.3%25.9%
IV Percentile27.0%2.0%54.8%32.9%42.9%
Term Structure0.2%-0.6%1.1%0.0%0.4%
VWIV24.4%20.2%33.6%23.9%23.6%
Skew 25d4.3%3.2%5.4%4.4%4.2%
Skew 10d9.1%2.9%12.4%7.3%8.4%
Call IV 25d19.3%17.3%20.7%19.6%20.3%
Put IV 25d23.5%20.9%25.1%24.0%24.5%
Bid-Ask Spread %13.289.0619.989.0613.35
Gamma HHI0.130.080.200.130.15
Net GEX-13.8M-41.2M11.4M-41.2M-22.5M
Net DEX-37.0M-340.8M211.7M211.7M36.4M
Net VEX-2.0M-2.4M-1.6M-2.4M-2.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.320.0220.932.234.47
Total Volume4,435.85768511,7956851,196
Total OI88,694.76263,622104,21689,87571,044

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-06-02$304.68$236.0021.3%7.0%18.7%23.3%23.9%4.4%0.0%-41.2M211.7M-2.4M2.239.0621247315,08574,790
2014-06-03$306.84$236.0021.1%7.0%18.9%21.8%25.4%4.8%-0.1%-34.3M142.9M-2.2M0.7810.041,4231,10315,17274,170
2014-06-04$307.68$236.0020.8%7.1%18.8%20.4%24.7%4.5%-0.0%-31.3M117.9M-2.2M0.029.404,29010116,24474,616
2014-06-05$310.36$236.0020.7%6.8%19.1%19.9%24.0%5.4%-0.1%-21.1M69.4M-2.2M20.2413.254438,96320,23974,656
2014-06-06$312.44$236.0020.1%6.9%15.3%17.4%20.2%5.1%-0.6%-12.5M-15.9M-2.0M1.1911.581,7042,03620,20275,609
2014-06-09$313.44$236.0019.9%6.8%15.2%16.7%0.0%3.7%0.5%-11.3M-24.7M-2.0M1.1316.0249355820,05375,423
2014-06-10$311.84$236.0020.0%6.8%15.2%16.9%23.7%4.2%0.2%-12.0M-17.6M-1.9M4.7111.105902,77920,24074,501
2014-06-11$314.92$236.0020.4%6.9%15.3%19.3%22.5%4.2%0.1%-4.9M-75.7M-1.8M4.3812.336492,84520,28875,198
2014-06-12$319.12$236.0020.7%7.0%15.1%21.1%23.5%4.8%0.3%-2.4M-121.4M-1.9M0.9916.451,7941,78320,73377,112
2014-06-13$322.80$236.0021.3%7.0%14.5%24.8%26.8%5.0%-0.5%432.3K-181.3M-1.9M0.7811.381,4831,15721,55577,761
2014-06-16$323.64$236.0021.7%7.0%14.4%27.3%24.4%4.1%0.4%8.8M-236.7M-1.7M1.6012.841,1731,87922,12078,217
2014-06-17$324.20$320.0021.3%7.0%14.3%24.8%33.6%4.2%0.5%11.4M-237.9M-1.8M5.4514.801,3597,40822,33679,817
2014-06-18$327.68$320.0020.0%7.0%13.8%16.7%26.7%4.3%0.2%4.1M-265.3M-1.9M0.9114.1162557022,37681,840
2014-06-19$331.00$320.0019.5%6.6%13.2%13.9%23.6%3.4%1.0%-4.2M-340.8M-1.7M2.0214.751,0212,06522,15180,611
2014-06-20$333.20$320.0018.5%6.8%12.9%7.8%23.7%3.6%-0.2%-4.2M-117.9M-1.6M14.4115.024376,29914,60981,435
2014-06-23$333.80$320.0019.2%6.8%12.0%12.1%22.4%3.5%0.4%-11.6M-67.4M-1.7M2.6013.9628473811,28752,335
2014-06-24$320.96$320.0022.5%7.0%19.7%32.2%25.1%3.2%0.0%-20.9M71.1M-1.9M6.8119.981,0517,16111,38152,494
2014-06-25$326.08$320.0021.5%7.1%20.0%26.1%24.4%4.0%0.3%-22.3M73.2M-2.1M20.9314.124038,43812,02658,179
2014-06-26$325.28$320.0021.6%7.0%19.3%26.8%24.5%3.9%0.3%-26.7M101.2M-2.2M7.5112.035143,85812,25858,575
2014-06-27$326.80$320.0021.2%7.0%18.8%24.7%20.3%5.1%1.1%-30.6M101.9M-2.3M8.5013.241,24210,55312,59861,254
2014-06-30$329.12$320.0021.4%7.0%18.1%25.9%23.6%4.2%0.4%-22.5M36.4M-2.1M4.4713.3521997712,07458,970