XOP Options History — April 2015

In April 2015, XOP traded between $200.64 and $222.76. ATM implied volatility averaged 32.7%, placing in the 31.6% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 1.8% (HV 20d: 30.9%). Max pain ranged from $196.00 to $212.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.71.

Notable Days

  • 2015-04-15: Highest Volume — 29,607 contracts
  • 2015-04-15: Largest IV spike — 6.0% change
  • 2015-04-01: Highest IV Rank — 34.7%
  • 2015-04-06: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$212.61$200.64$222.76$200.64$220.28
Max Pain$208.57$196.00$212.00$200.00$212.00
ATM IV32.7%31.3%34.1%34.1%32.5%
Expected Move9.5%9.1%9.9%9.7%9.7%
HV 20d30.9%29.5%33.6%30.1%30.6%
HV 60d35.8%30.8%40.5%40.5%30.8%
IV Rank31.6%28.5%34.7%34.7%31.2%
IV Percentile49.2%43.3%54.0%54.0%46.8%
Term Structure0.1%-2.3%1.7%0.2%1.7%
VWIV34.2%32.7%36.1%35.5%33.9%
Skew 25d4.8%2.7%6.6%6.6%5.1%
Skew 10d9.5%7.7%12.9%12.9%9.7%
Call IV 25d30.7%29.2%32.4%31.1%30.3%
Put IV 25d35.6%33.6%37.7%37.7%35.5%
Bid-Ask Spread %10.787.7621.5013.469.44
Gamma HHI0.070.050.200.070.08
Net GEX607.2K-32.4M17.2M-4.7M-5.1M
Net DEX-111.9M-579.3M168.2M168.2M-237.4M
Net VEX-6.3M-6.7M-5.8M-5.8M-6.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.710.275.151.490.99
Total Volume15,653.1435,38129,60711,5389,792
Total OI202,233.667175,019228,411178,870217,123

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-04-01$200.64$200.0034.1%9.7%30.1%34.7%35.5%6.6%0.2%-4.7M168.2M-5.8M1.4913.464,6306,90875,723103,147
2015-04-02$203.04$196.0032.6%9.5%30.3%31.3%35.6%6.5%-0.2%-7.6M99.5M-5.8M1.7521.505,4579,54275,610104,003
2015-04-06$210.16$196.0033.5%9.9%31.2%33.3%34.7%5.3%0.5%3.0M-115.3M-5.8M1.0311.7712,04112,35576,51398,506
2015-04-07$211.16$208.0033.2%9.7%30.7%32.7%33.2%5.7%0.5%7.8M-180.4M-6.5M0.5810.9811,8406,88685,168106,205
2015-04-08$204.96$208.0033.2%9.8%31.3%32.6%36.1%5.6%0.6%973.0K38.8M-6.2M1.989.521,8073,57487,295106,752
2015-04-09$208.52$208.0032.5%9.6%31.4%31.1%32.7%4.5%0.9%5.3M-76.6M-6.2M0.9110.316,3585,77587,453107,628
2015-04-10$209.64$208.0031.9%9.4%31.0%29.9%33.5%4.7%1.0%11.6M-153.0M-6.2M1.2713.114,6755,94390,374108,425
2015-04-13$208.08$208.0032.3%9.3%31.3%30.7%33.6%4.3%-0.3%8.2M-72.8M-6.0M1.279.816,3918,14387,280109,212
2015-04-14$214.40$208.0031.6%9.1%32.4%29.2%33.4%4.1%0.3%11.1M-306.4M-6.1M1.458.826,6209,60790,064112,746
2015-04-15$222.76$208.0033.5%9.6%33.6%33.5%34.6%4.4%0.1%9.0M-549.2M-6.3M0.277.8923,3886,21991,937119,449
2015-04-16$220.92$212.0032.4%9.3%30.7%31.0%35.0%4.1%-0.9%17.2M-579.3M-6.6M1.979.705,74211,328101,228122,186
2015-04-17$217.12$212.0033.6%9.7%29.5%33.5%33.6%3.9%-0.5%11.8M-402.7M-6.7M1.319.666,0677,976102,033126,378
2015-04-20$218.32$212.0032.6%9.3%29.5%31.5%34.7%5.7%-0.9%15.2M-252.1M-6.6M1.558.824,9937,74192,45698,777
2015-04-21$211.80$212.0033.1%9.5%31.6%32.5%33.5%2.7%-0.6%4.0M12.1M-6.5M3.677.764,67717,15593,194101,808
2015-04-22$211.92$212.0033.3%9.5%31.6%32.9%33.2%3.7%-0.7%-6.4M126.2M-6.6M1.809.237,71913,90494,809112,101
2015-04-23$214.16$212.0031.8%9.2%31.1%29.6%33.5%3.5%-0.4%-11.7M25.2M-6.6M2.089.693,8818,06296,621115,563
2015-04-24$213.44$212.0032.5%9.6%31.0%31.1%35.5%5.9%-2.3%-32.4M77.0M-6.6M5.1511.663,60418,54597,183117,739
2015-04-27$211.20$212.0033.1%9.8%30.0%32.5%32.8%6.3%0.5%-10.2M124.2M-6.5M1.709.876,32210,76992,749113,175
2015-04-28$213.00$212.0032.5%9.8%29.6%31.2%35.5%4.0%1.0%-11.3M94.6M-6.6M2.1611.732,8136,07096,522117,508
2015-04-29$219.36$212.0031.3%9.4%30.8%28.5%34.3%4.8%0.8%-3.1M-190.4M-6.6M1.4411.555,4857,91296,086118,178
2015-04-30$220.28$212.0032.5%9.7%30.6%31.2%33.9%5.1%1.7%-5.1M-237.4M-6.5M0.999.444,9214,87195,928121,195