XOP Options History — February 2015

In February 2015, XOP traded between $195.52 and $215.72. ATM implied volatility averaged 44.5%, placing in the 57.8% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded below realized volatility by 2.3% (HV 20d: 46.7%). Max pain ranged from $188.00 to $208.00. Net GEX was positive for 7 of 18 trading days. Term structure was in contango for 7 of 18 days. Put/call ratio averaged 2.12.

Notable Days

2015-02-06: Highest Volume — 38,795 contracts
2015-02-25: Largest IV drop — 8.3% change
2015-02-04: Highest IV Rank — 67.6%
2015-02-04: Largest Expected Move — 14.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$206.88	$195.52	$215.72	$195.52	$203.68
Max Pain	$202.00	$188.00	$208.00	$188.00	$208.00
ATM IV	44.5%	37.8%	48.9%	48.1%	38.0%
Expected Move	12.8%	10.8%	14.8%	13.6%	11.0%
HV 20d	46.7%	37.4%	55.8%	55.8%	37.4%
HV 60d	55.9%	48.7%	56.9%	56.1%	48.7%
IV Rank	57.8%	42.9%	67.6%	66.0%	43.3%
IV Percentile	79.1%	66.3%	87.7%	86.5%	66.3%
Term Structure	-0.1%	-2.0%	3.1%	-1.5%	1.9%
VWIV	47.7%	40.0%	53.9%	50.5%	40.0%
Skew 25d	7.9%	3.5%	11.9%	8.4%	3.5%
Skew 10d	16.9%	9.8%	23.9%	20.3%	9.8%
Call IV 25d	41.4%	33.2%	46.3%	46.2%	38.0%
Put IV 25d	49.3%	41.3%	54.6%	54.6%	41.4%
Bid-Ask Spread %	13.42	9.12	16.42	16.42	12.03
Gamma HHI	0.07	0.04	0.20	0.06	0.06
Net GEX	-2.2M	-19.6M	14.2M	-347.6K	-9.8M
Net DEX	-96.1M	-360.1M	231.1M	14.0M	231.1M
Net VEX	-5.0M	-5.2M	-4.8M	-4.8M	-5.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.12	0.53	4.36	0.77	2.05
Total Volume	21,031.833	11,576	38,795	11,576	14,730
Total OI	207,613.833	174,596	243,296	174,596	203,458

Daily Data (18 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
2015-02-02	$195.52	$188.00	48.1%	13.6%	55.8%	66.0%	50.5%	8.4%	-1.5%	-347.6K	14.0M	-4.8M	0.77	16.42	6,554	5,022	81,931	92,665
2015-02-03	$205.24	$188.00	47.4%	13.8%	52.0%	64.4%	50.4%	9.0%	-1.2%	4.8M	-252.4M	-5.0M	1.27	13.96	13,402	16,998	85,011	95,077
2015-02-04	$200.52	$188.00	48.9%	14.8%	51.4%	67.6%	53.2%	7.9%	-0.2%	-1.3M	-85.7M	-5.0M	1.33	16.08	10,174	13,574	88,387	102,926
2015-02-05	$206.88	$200.00	47.6%	13.6%	51.7%	64.9%	49.4%	8.9%	-1.1%	3.7M	-281.3M	-5.2M	0.53	15.94	16,182	8,571	90,762	107,558
2015-02-06	$207.84	$200.00	47.1%	13.5%	50.9%	63.8%	50.8%	7.6%	1.2%	4.6M	-255.3M	-5.1M	1.29	15.87	16,972	21,823	87,796	109,386
2015-02-09	$207.72	$204.00	47.9%	13.5%	51.0%	65.4%	46.9%	7.0%	0.2%	3.6M	-208.4M	-5.1M	1.34	13.53	8,083	10,852	90,389	117,758
2015-02-10	$203.00	$204.00	48.1%	13.5%	48.2%	66.0%	53.9%	7.7%	-1.4%	-6.2M	18.1M	-5.0M	4.03	14.65	5,283	21,299	88,823	119,365
2015-02-11	$203.16	$200.00	47.4%	13.3%	47.9%	64.5%	49.0%	10.9%	-0.3%	-9.7M	61.2M	-5.1M	2.81	13.74	6,923	19,489	89,713	131,885
2015-02-12	$207.84	$204.00	46.1%	13.1%	47.5%	61.5%	49.4%	8.0%	-2.0%	5.3M	-174.0M	-5.2M	2.58	11.67	4,574	11,816	92,356	130,173
2015-02-13	$213.00	$204.00	45.1%	12.8%	44.9%	59.2%	49.2%	8.0%	-1.0%	14.2M	-331.3M	-5.2M	1.56	12.43	7,687	11,994	92,694	133,112
2015-02-17	$215.72	$204.00	44.7%	12.8%	43.1%	58.3%	47.2%	8.2%	1.5%	8.4M	-360.1M	-5.0M	1.47	10.63	8,360	12,288	90,308	136,826
2015-02-18	$210.88	$204.00	43.1%	12.3%	43.6%	54.7%	43.8%	7.4%	-0.6%	-3.3M	-176.5M	-5.1M	1.22	12.72	9,184	11,170	91,500	143,104
2015-02-19	$211.04	$208.00	42.4%	12.2%	42.4%	53.2%	48.5%	8.8%	0.0%	-12.9M	-135.8M	-5.1M	3.07	13.95	3,908	12,009	93,204	146,420
2015-02-20	$209.24	$208.00	40.8%	11.6%	42.7%	49.7%	42.2%	7.6%	-0.6%	-19.6M	-30.8M	-5.1M	3.16	9.12	3,480	10,986	92,870	150,426
2015-02-23	$206.84	$208.00	41.2%	12.0%	43.2%	50.5%	45.3%	7.4%	3.1%	-5.2M	61.6M	-4.8M	2.88	13.65	3,443	9,906	76,130	101,925
2015-02-25	$210.64	$208.00	37.8%	10.8%	43.0%	42.9%	41.3%	11.9%	0.8%	-5.5M	10.6M	-4.9M	2.42	13.66	3,891	9,427	79,762	110,228
2015-02-26	$205.00	$208.00	38.6%	11.3%	44.3%	44.8%	47.4%	3.7%	-0.8%	-10.6M	164.7M	-4.9M	4.36	11.59	5,317	23,202	80,473	112,648
2015-02-27	$203.68	$208.00	38.0%	11.0%	37.4%	43.3%	40.0%	3.5%	1.9%	-9.8M	231.1M	-5.1M	2.05	12.03	4,837	9,893	82,101	121,357