XOP Options History — October 2014

In October 2014, XOP traded between $221.24 and $267.36. ATM implied volatility averaged 39.6%, placing in the 79.2% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded above realized volatility by 1.0% (HV 20d: 38.6%). Max pain ranged from $292.00 to $296.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 9 of 23 days. Put/call ratio averaged 3.11.

Notable Days

2014-10-02: Highest Volume — 44,354 contracts
2014-10-09: Largest IV spike — 20.5% change
2014-10-07: Highest IV Rank — 100.0%
2014-10-13: Largest Expected Move — 12.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$241.31	$221.24	$267.36	$267.36	$243.16
Max Pain	$293.04	$292.00	$296.00	$296.00	$292.00
ATM IV	39.6%	32.4%	52.1%	33.4%	35.4%
Expected Move	9.9%	8.6%	12.3%	9.0%	9.5%
HV 20d	38.6%	24.2%	52.3%	26.2%	52.3%
HV 60d	29.8%	24.1%	35.5%	24.3%	35.5%
IV Rank	79.2%	47.6%	100.0%	99.6%	50.2%
IV Percentile	98.0%	94.8%	100.0%	99.6%	94.8%
Term Structure	-0.4%	-4.8%	4.9%	-1.6%	-0.2%
VWIV	34.4%	30.1%	41.2%	30.1%	30.9%
Skew 25d	8.8%	3.0%	24.6%	5.0%	8.6%
Skew 10d	13.8%	0.7%	34.2%	4.1%	21.7%
Call IV 25d	35.6%	29.0%	48.2%	31.5%	33.9%
Put IV 25d	44.4%	33.0%	65.7%	36.5%	42.6%
Bid-Ask Spread %	36.58	28.86	54.69	30.02	39.17
Gamma HHI	0.08	0.07	0.12	0.12	0.07
Net GEX	-48.9M	-76.8M	-28.7M	-55.0M	-38.5M
Net DEX	1.59B	960.3M	2.30B	1.24B	960.3M
Net VEX	-4.5M	-5.0M	-3.8M	-3.9M	-5.0M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.11	1.00	8.41	3.99	1.22
Total Volume	24,581.696	10,654	44,354	24,930	25,188
Total OI	184,288.174	124,241	224,888	124,241	200,405

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2014-10-01	$267.36	$296.00	33.4%	9.0%	26.2%	99.6%	30.1%	5.0%	-1.6%	-55.0M	1.24B	-3.9M	3.99	30.02	4,992	19,938	38,115	86,126
2014-10-02	$265.84	$296.00	32.4%	8.6%	25.5%	93.5%	31.3%	7.0%	-0.0%	-61.3M	1.37B	-4.0M	3.85	32.45	9,137	35,217	41,119	92,615
2014-10-03	$262.08	$296.00	32.6%	8.8%	24.8%	94.2%	31.4%	3.0%	-0.4%	-61.0M	1.49B	-4.3M	7.50	31.01	3,705	27,799	46,267	106,815
2014-10-06	$260.32	$296.00	33.2%	8.8%	24.2%	98.3%	32.0%	4.7%	0.0%	-76.8M	1.58B	-4.5M	7.55	29.58	3,578	26,996	44,845	117,829
2014-10-07	$253.04	$296.00	33.4%	8.6%	25.3%	100.0%	32.2%	3.2%	2.1%	-67.6M	1.82B	-4.6M	8.41	32.55	2,646	22,265	46,580	124,293
2014-10-08	$256.04	$296.00	34.0%	8.6%	26.0%	100.0%	31.8%	6.2%	0.0%	-74.7M	1.87B	-4.9M	2.41	35.89	9,781	23,605	47,844	132,245
2014-10-09	$241.76	$292.00	40.9%	9.4%	30.9%	100.0%	33.4%	3.8%	-0.5%	-56.6M	2.14B	-4.5M	1.82	37.17	8,898	16,199	52,698	135,964
2014-10-10	$235.00	$292.00	44.3%	10.2%	31.4%	100.0%	30.7%	3.9%	-0.1%	-43.7M	2.25B	-4.4M	1.52	40.33	10,382	15,738	57,760	138,158
2014-10-13	$221.24	$292.00	52.1%	12.3%	35.5%	100.0%	40.2%	7.0%	2.1%	-28.7M	2.24B	-3.8M	4.30	36.84	6,435	27,654	58,241	134,590
2014-10-14	$226.36	$292.00	50.9%	11.2%	36.2%	96.4%	37.8%	18.3%	-4.5%	-36.1M	2.30B	-4.4M	2.09	40.40	9,614	20,068	60,784	147,162
2014-10-15	$226.76	$292.00	52.0%	11.5%	36.4%	99.6%	39.7%	24.6%	-4.8%	-32.4M	2.27B	-4.4M	2.74	54.69	10,710	29,350	67,819	149,445
2014-10-16	$237.32	$292.00	50.9%	10.8%	42.0%	96.3%	41.2%	14.6%	-1.7%	-33.0M	1.82B	-5.0M	1.00	44.13	13,410	13,438	71,844	147,638
2014-10-17	$231.16	$292.00	46.5%	10.6%	42.4%	83.3%	37.3%	10.7%	-1.9%	-33.7M	1.95B	-4.8M	3.23	44.35	4,793	15,465	75,317	149,571
2014-10-20	$234.12	$292.00	42.2%	10.4%	42.5%	70.4%	38.2%	10.2%	0.1%	-38.9M	1.28B	-4.8M	1.48	37.39	5,571	8,222	54,349	120,688
2014-10-21	$241.68	$292.00	34.5%	9.9%	44.8%	47.6%	36.5%	10.2%	1.8%	-40.0M	1.09B	-4.8M	2.19	37.28	5,337	11,707	55,467	118,842
2014-10-22	$231.40	$292.00	40.0%	10.2%	46.0%	63.9%	34.2%	6.1%	-2.1%	-42.5M	1.35B	-4.6M	1.59	35.00	7,551	11,971	56,713	125,027
2014-10-23	$238.40	$292.00	36.2%	9.8%	47.9%	52.7%	34.8%	7.4%	-1.5%	-45.8M	1.18B	-4.8M	1.57	36.62	5,612	8,814	59,307	127,407
2014-10-24	$235.80	$292.00	37.0%	9.8%	47.2%	54.9%	34.5%	8.6%	-0.8%	-64.1M	1.30B	-4.7M	2.74	32.47	5,757	15,788	60,430	129,154
2014-10-27	$227.08	$292.00	40.1%	10.4%	47.7%	64.3%	34.5%	8.6%	0.4%	-44.8M	1.53B	-4.3M	5.92	32.91	1,540	9,114	57,154	127,233
2014-10-28	$237.64	$292.00	34.9%	9.6%	51.0%	48.9%	30.4%	15.6%	4.9%	-48.4M	1.28B	-4.6M	1.98	35.76	3,585	7,100	57,618	130,258
2014-10-29	$240.36	$292.00	35.2%	9.7%	50.7%	49.7%	34.4%	6.9%	0.8%	-47.6M	1.11B	-4.8M	1.37	36.40	8,683	11,891	59,934	131,461
2014-10-30	$236.12	$292.00	38.1%	9.9%	50.9%	58.4%	32.6%	7.4%	-0.8%	-54.6M	1.26B	-4.7M	1.02	28.86	9,948	10,187	63,186	132,311
2014-10-31	$243.16	$292.00	35.4%	9.5%	52.3%	50.2%	30.9%	8.6%	-0.2%	-38.5M	960.3M	-5.0M	1.22	39.17	11,331	13,857	67,017	133,388