XOP Options History — December 2014

In December 2014, XOP traded between $171.00 and $203.92. ATM implied volatility averaged 51.4%, placing in the 81.1% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded below realized volatility by 12.8% (HV 20d: 64.2%). Max pain ranged from $192.00 to $280.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 1.83.

Notable Days

  • 2014-12-01: Highest Volume — 61,339 contracts
  • 2014-12-08: Largest IV spike — 17.6% change
  • 2014-12-08: Highest IV Rank — 100.0%
  • 2014-12-15: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$190.01$171.00$203.92$200.68$191.44
Max Pain$228.57$192.00$280.00$280.00$200.00
ATM IV51.4%43.0%63.4%51.7%48.8%
Expected Move13.7%11.6%16.0%12.5%14.0%
HV 20d64.2%56.3%73.7%59.7%56.3%
HV 60d52.2%47.2%55.9%47.3%55.4%
IV Rank81.1%56.8%100.0%98.6%67.4%
IV Percentile96.6%91.3%100.0%99.2%93.7%
Term Structure-0.4%-5.3%3.7%-4.0%1.1%
VWIV46.5%38.2%53.3%45.0%48.9%
Skew 25d8.2%4.6%15.4%7.5%8.5%
Skew 10d15.8%6.9%22.6%12.3%16.6%
Call IV 25d47.5%40.7%56.2%48.0%43.7%
Put IV 25d55.7%47.7%66.1%55.5%52.2%
Bid-Ask Spread %24.4314.2834.2334.2322.39
Gamma HHI0.110.070.400.090.09
Net GEX-23.9M-61.6M-17.0M-21.7M-25.7M
Net DEX1.33B620.0M1.85B1.41B849.2M
Net VEX-3.8M-4.6M-2.9M-3.4M-4.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.830.774.092.734.09
Total Volume22,785.6828,13661,33961,3398,258
Total OI224,052.545184,637267,260184,637200,674

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2014-12-01$200.68$280.0051.7%12.5%59.7%98.6%45.0%7.5%-4.0%-21.7M1.41B-3.4M2.7334.2316,43044,90980,438104,199
2014-12-02$199.32$280.0048.7%12.2%59.5%89.9%39.3%7.8%-2.6%-26.0M1.44B-3.9M0.7930.3113,46710,70488,278121,443
2014-12-03$203.92$280.0043.0%11.6%59.3%73.0%38.2%7.0%-0.5%-27.8M1.40B-4.1M0.7728.4414,57711,25791,518124,185
2014-12-04$197.32$268.0044.3%12.1%58.6%76.8%41.8%8.2%-1.0%-27.3M1.54B-3.7M1.9433.254,5998,92693,744124,492
2014-12-05$192.36$268.0046.3%12.5%58.6%82.7%39.1%4.7%0.9%-24.2M1.64B-3.5M1.7128.059,77716,71294,822128,023
2014-12-08$179.04$260.0054.5%13.9%59.2%100.0%45.7%7.1%-0.5%-19.0M1.72B-2.9M1.3921.9213,76319,09882,337127,380
2014-12-09$187.44$240.0051.4%13.3%63.0%91.5%46.0%15.4%1.8%-20.7M1.65B-3.2M2.3229.747,77518,02989,019128,916
2014-12-10$178.24$240.0058.7%14.6%63.6%100.0%50.9%7.0%-1.8%-19.3M1.76B-3.1M3.5418.317,97228,25090,899136,528
2014-12-11$177.36$220.0055.9%14.7%63.7%93.2%45.3%6.3%3.1%-21.6M1.79B-3.3M1.3721.1415,14520,78893,962145,851
2014-12-12$175.52$212.0059.8%15.1%63.5%100.0%50.6%8.0%-0.3%-20.8M1.83B-3.4M2.2419.149,10620,362102,513150,503
2014-12-15$171.00$212.0063.4%16.0%62.1%100.0%53.3%10.0%3.7%-20.5M1.85B-3.4M1.6314.287,84512,819102,124152,825
2014-12-16$176.04$212.0058.7%15.5%64.1%89.6%50.3%9.7%-0.5%-22.4M1.80B-3.8M0.9022.189,2808,376104,621156,930
2014-12-17$189.48$212.0057.6%14.8%71.1%87.0%51.1%8.4%-2.2%-22.8M1.53B-4.3M1.7026.189,99517,031106,833153,348
2014-12-18$189.84$212.0055.2%14.6%71.1%81.7%50.9%10.0%-5.3%-24.1M1.54B-4.4M1.7929.738,41115,062107,725159,140
2014-12-19$200.00$212.0047.4%13.0%73.0%64.4%46.1%9.4%2.4%-61.6M1.30B-4.6M1.4630.553,3034,833107,654159,606
2014-12-22$193.88$0.0049.9%14.1%72.5%70.0%50.6%11.0%1.2%-18.3M708.7M-4.4M1.6121.856,99611,26287,179113,888
2014-12-23$199.00$192.0044.0%13.0%73.7%56.8%43.3%7.9%2.7%-17.0M620.0M-4.3M1.8019.005,59210,08686,437114,990
2014-12-24$196.20$200.0046.7%13.3%73.7%62.8%45.0%9.0%-1.5%-18.6M686.4M-4.5M2.0622.953,6097,42088,684117,956
2014-12-26$195.44$200.0048.3%12.9%73.4%66.4%46.3%6.1%-3.3%-20.4M698.2M-4.3M1.2121.216,8548,26988,860119,322
2014-12-29$194.80$200.0046.9%13.4%56.4%63.2%46.0%4.6%-0.9%-21.9M736.6M-4.1M2.3223.843,8448,93283,629115,552
2014-12-30$191.80$200.0049.2%13.8%56.3%68.4%48.5%7.6%-0.6%-23.9M807.1M-4.1M0.8018.776,4095,15384,688117,441
2014-12-31$191.44$200.0048.8%14.0%56.3%67.4%48.9%8.5%1.1%-25.7M849.2M-4.0M4.0922.391,6216,63781,952118,722