XOP Options History — August 2014

In August 2014, XOP traded between $294.96 and $316.20. ATM implied volatility averaged 23.0%, placing in the 32.2% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded below realized volatility by 2.0% (HV 20d: 25.0%). Max pain ranged from $292.00 to $320.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 4.37.

Notable Days

  • 2014-08-01: Highest Volume — 23,943 contracts
  • 2014-08-18: Largest IV drop — 6.7% change
  • 2014-08-07: Highest IV Rank — 66.1%
  • 2014-08-07: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$303.28$294.96$316.20$295.04$316.20
Max Pain$302.29$292.00$320.00$320.00$304.00
ATM IV23.0%19.1%27.9%27.5%19.1%
Expected Move7.1%6.4%7.8%7.4%6.4%
HV 20d25.0%22.1%27.3%22.1%22.2%
HV 60d21.3%20.1%21.8%20.3%21.5%
IV Rank32.2%4.1%66.1%63.7%4.1%
IV Percentile48.2%2.0%95.2%93.7%2.0%
Term Structure0.1%-0.7%1.1%-0.7%-0.1%
VWIV25.7%22.4%28.3%27.9%24.4%
Skew 25d3.6%1.4%6.9%2.8%4.3%
Skew 10d5.8%1.1%9.6%1.1%8.3%
Call IV 25d21.8%17.2%26.5%26.5%17.2%
Put IV 25d25.4%21.0%31.2%29.3%21.5%
Bid-Ask Spread %21.8116.8126.2124.8524.48
Gamma HHI0.120.100.170.110.11
Net GEX-50.9M-92.0M-29.1M-49.1M-29.1M
Net DEX502.9M9.8M981.9M826.0M9.8M
Net VEX-2.8M-3.2M-2.5M-2.5M-2.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.370.3013.853.470.89
Total Volume6,721.0951,12823,94323,9431,585
Total OI88,842.95276,325108,53276,32589,823

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-08-01$295.04$320.0027.5%7.4%22.1%63.7%27.9%2.8%-0.7%-49.1M826.0M-2.5M3.4724.855,35918,58417,21859,107
2014-08-04$303.20$320.0025.9%7.3%24.1%53.3%25.5%6.9%-0.2%-58.7M625.4M-2.6M1.8724.802,1374,00017,33062,014
2014-08-05$294.96$308.0027.5%7.6%25.6%63.3%27.2%3.4%1.1%-52.5M829.5M-2.6M13.8526.211,16916,19318,31963,418
2014-08-06$296.40$308.0027.8%7.7%25.3%65.4%26.2%1.4%0.0%-63.4M882.3M-2.9M1.0823.313,1373,40319,03372,123
2014-08-07$294.96$308.0027.9%7.8%25.0%66.1%27.9%4.1%-0.1%-63.5M934.8M-2.9M4.1019.107493,07120,32573,021
2014-08-08$303.92$300.0026.6%7.5%27.3%57.8%27.8%5.6%0.2%-69.9M697.0M-3.0M6.3624.501,61410,27020,36975,475
2014-08-11$304.04$292.0026.3%7.4%26.9%56.2%25.8%2.2%0.2%-71.8M595.2M-3.1M1.1817.4754564119,94075,983
2014-08-12$298.36$292.0025.7%7.3%26.5%52.5%27.1%4.3%-0.7%-75.1M789.2M-3.0M10.4419.931,01310,58120,30276,308
2014-08-13$298.56$292.0024.4%7.3%25.5%44.3%26.5%3.9%-0.5%-81.7M819.2M-3.1M9.7319.617587,37220,83284,947
2014-08-14$295.12$292.0022.8%7.2%24.9%34.4%26.4%3.1%0.6%-92.0M981.9M-3.2M7.2316.812,12815,39020,97687,556
2014-08-15$299.52$292.0022.4%7.1%25.0%25.9%23.2%3.5%-0.1%-49.3M714.8M-2.9M1.5918.051,5912,52321,89980,544
2014-08-18$301.28$292.0020.9%6.9%25.1%15.9%28.3%3.3%0.3%-40.7M346.6M-2.7M0.4119.571,50462017,60758,869
2014-08-19$304.20$292.0020.3%6.8%25.2%12.0%23.4%3.5%0.3%-34.1M250.6M-2.7M2.1521.521,2362,65718,64859,196
2014-08-20$304.80$308.0020.2%6.8%25.0%11.5%27.0%3.6%0.8%-35.6M258.4M-2.8M12.2821.613123,82619,09861,138
2014-08-21$307.28$308.0019.9%6.5%25.3%9.0%25.0%3.5%0.5%-36.2M228.1M-2.9M3.6424.147462,71319,24964,704
2014-08-22$305.32$304.0020.1%6.8%24.9%10.8%0.0%3.1%0.5%-38.6M272.9M-2.9M4.2919.757663,28519,40466,444
2014-08-25$310.88$304.0019.7%6.4%25.4%7.7%22.4%5.5%0.3%-33.5M149.6M-2.7M1.2625.991,5681,97318,39065,785
2014-08-26$312.08$304.0019.5%6.6%25.4%6.8%25.1%2.7%0.3%-30.3M105.0M-2.7M3.3321.524771,58719,24566,436
2014-08-27$310.44$304.0019.9%6.6%25.3%9.5%24.2%1.6%0.1%-33.3M138.4M-2.7M2.3322.8833879019,30967,811
2014-08-28$312.24$304.0019.3%6.6%23.5%5.5%22.9%3.6%0.3%-31.5M105.9M-2.6M0.3021.972,25367919,30968,198
2014-08-29$316.20$304.0019.1%6.4%22.2%4.1%24.4%4.3%-0.1%-29.1M9.8M-2.8M0.8924.4883974621,30368,520