XOP Options History — July 2014

In July 2014, XOP traded between $301.16 and $328.32. ATM implied volatility averaged 22.2%, placing in the 30.8% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 1.3% (HV 20d: 20.9%). Max pain ranged from $320.00 to $340.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 3.77.

Notable Days

  • 2014-07-15: Highest Volume — 11,752 contracts
  • 2014-07-31: Largest IV spike — 12.4% change
  • 2014-07-31: Highest IV Rank — 55.5%
  • 2014-07-31: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$316.24$301.16$328.32$328.32$301.16
Max Pain$323.80$320.00$340.00$320.00$320.00
ATM IV22.2%20.8%26.2%21.3%26.2%
Expected Move6.9%6.6%7.4%7.0%7.4%
HV 20d20.9%18.1%24.2%18.1%21.5%
HV 60d18.7%17.9%19.8%18.9%19.8%
IV Rank30.8%22.2%55.5%25.2%55.5%
IV Percentile52.8%31.0%89.3%40.1%89.3%
Term Structure0.2%-1.0%1.1%0.3%-1.0%
VWIV25.3%20.7%30.6%22.0%27.2%
Skew 25d3.2%1.4%4.7%3.4%1.4%
Skew 10d4.9%0.2%8.7%6.4%0.2%
Call IV 25d21.2%19.7%24.9%20.3%24.9%
Put IV 25d24.4%22.8%26.3%23.7%26.3%
Bid-Ask Spread %15.849.4545.9612.5821.48
Gamma HHI0.180.130.220.160.13
Net GEX-53.4M-72.3M-35.4M-35.4M-51.9M
Net DEX357.2M121.7M666.2M121.7M666.2M
Net VEX-2.5M-2.6M-2.3M-2.5M-2.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.770.8814.424.972.41
Total Volume2,991.63686811,7529636,902
Total OI79,708.86466,07597,38381,76773,576

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-07-01$328.32$320.0021.3%7.0%18.1%25.2%22.0%3.4%0.3%-35.4M121.7M-2.5M4.9712.5816180213,28768,480
2014-07-02$326.40$320.0021.0%7.0%18.4%23.1%20.7%2.9%0.4%-40.0M159.1M-2.5M3.3611.9625987213,34369,153
2014-07-03$327.00$320.0020.8%7.0%18.3%22.2%26.1%3.2%0.2%-38.9M138.3M-2.4M2.1912.0427259613,36969,278
2014-07-07$320.16$320.0022.0%6.9%20.1%29.2%24.1%3.2%0.6%-48.1M266.7M-2.4M1.3311.898211,09413,16868,870
2014-07-08$319.60$320.0022.4%7.0%20.1%31.6%26.5%3.2%-0.3%-48.2M284.4M-2.5M0.8812.0172663613,78369,679
2014-07-09$322.68$320.0021.1%7.2%20.2%24.1%26.4%3.0%-0.5%-47.9M224.4M-2.4M14.4245.961141,63714,22869,779
2014-07-10$318.00$320.0022.8%7.0%20.7%34.4%25.9%3.8%0.5%-50.6M326.8M-2.5M4.9314.074652,29214,28970,828
2014-07-11$313.28$320.0023.0%6.9%20.8%35.7%25.0%2.7%0.3%-60.2M441.0M-2.5M3.1011.926391,97814,56971,862
2014-07-14$317.24$320.0021.9%7.0%20.9%28.8%27.0%3.3%0.8%-57.4M339.6M-2.4M3.0512.696852,08814,27371,992
2014-07-15$310.12$320.0022.5%6.9%22.3%32.7%30.6%3.3%0.7%-58.2M532.2M-2.4M6.3612.921,59710,15514,80272,916
2014-07-16$315.76$320.0021.4%6.9%23.4%25.8%27.0%3.7%0.5%-72.3M450.0M-2.6M3.1913.413551,13515,66781,716
2014-07-17$309.48$320.0023.6%7.1%23.8%39.5%25.9%3.1%0.1%-64.6M599.5M-2.5M2.1314.961,1092,36215,27180,781
2014-07-18$313.56$320.0020.9%6.9%24.1%22.7%0.0%3.4%1.1%-63.6M512.5M-2.5M2.5515.902,0925,33415,88481,318
2014-07-21$314.08$0.0021.6%6.7%23.9%27.0%0.0%3.3%0.1%-49.6M352.7M-2.5M5.1110.272281,16413,98052,095
2014-07-22$316.72$0.0021.6%6.7%24.2%27.3%23.3%2.8%0.3%-50.0M298.4M-2.5M4.829.452681,29414,48553,182
2014-07-23$318.96$340.0021.7%6.6%20.1%27.8%0.0%4.7%0.6%-50.7M248.4M-2.4M2.1812.4031167614,57853,931
2014-07-24$319.24$340.0021.3%6.7%19.2%24.8%26.5%3.0%0.1%-51.6M227.2M-2.4M5.4911.603962,17614,78654,117
2014-07-25$314.60$340.0022.3%6.8%19.8%31.0%23.8%3.6%-0.1%-66.7M357.5M-2.5M4.0319.323871,55914,94754,799
2014-07-28$310.48$328.0023.4%6.9%20.0%38.0%22.8%3.2%-0.2%-54.0M428.6M-2.4M3.1819.246602,10214,53753,070
2014-07-29$311.72$328.0022.7%6.9%19.9%33.8%25.0%3.5%-0.5%-56.3M404.1M-2.4M1.1116.8572780914,97654,176
2014-07-30$308.80$320.0023.3%7.0%20.0%37.5%24.6%3.3%-0.4%-57.4M478.4M-2.3M2.0525.661,9283,95315,29554,480
2014-07-31$301.16$320.0026.2%7.4%21.5%55.5%27.2%1.4%-1.0%-51.9M666.2M-2.6M2.4121.482,0234,87916,65956,917