XOP Options History — May 2015

In May 2015, XOP traded between $196.88 and $218.88. ATM implied volatility averaged 31.9%, placing in the 29.8% IV rank vs the trailing year. The 30-day expected move averaged 9.2%. IV traded above realized volatility by 6.0% (HV 20d: 25.9%). Max pain ranged from $208.00 to $212.00. Net GEX was positive for 2 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 3.27.

Notable Days

  • 2015-05-04: Highest Volume — 27,779 contracts
  • 2015-05-15: Largest IV drop — 7.7% change
  • 2015-05-06: Highest IV Rank — 37.5%
  • 2015-05-07: Largest Expected Move — 9.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$205.41$196.88$218.88$218.88$198.24
Max Pain$208.20$208.00$212.00$212.00$208.00
ATM IV31.9%29.5%35.3%31.9%30.6%
Expected Move9.2%8.5%9.7%9.3%9.2%
HV 20d25.9%21.8%30.7%30.7%22.0%
HV 60d28.6%28.1%29.3%29.3%28.1%
IV Rank29.8%24.6%37.5%29.7%26.9%
IV Percentile42.7%36.5%56.7%43.7%36.5%
Term Structure-0.2%-1.7%1.8%1.8%0.0%
VWIV32.7%29.6%35.7%32.2%31.6%
Skew 25d4.0%-0.4%6.7%3.7%6.7%
Skew 10d6.9%3.3%9.4%8.5%7.6%
Call IV 25d30.4%27.7%33.0%29.4%28.6%
Put IV 25d34.4%31.7%37.3%33.0%35.3%
Bid-Ask Spread %10.736.6415.1810.207.02
Gamma HHI0.090.060.240.060.10
Net GEX-40.8M-70.7M6.7M6.7M-59.2M
Net DEX564.6M-225.8M1.03B-225.8M941.6M
Net VEX-5.9M-6.6M-5.4M-6.5M-5.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.270.8511.810.851.06
Total Volume14,134.957,51927,7797,84311,326
Total OI222,402.5201,433239,178216,092239,178

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2015-05-01$218.88$212.0031.9%9.3%30.7%29.7%32.2%3.7%1.8%6.7M-225.8M-6.5M0.8510.204,2413,60294,666121,426
2015-05-04$216.44$208.0033.7%9.6%28.9%33.8%35.7%4.9%-0.1%5.3M-102.2M-6.3M11.8115.182,16925,61093,180111,089
2015-05-05$211.92$208.0034.0%9.5%29.9%34.4%33.9%5.1%-0.9%-21.4M277.0M-6.6M1.7814.817,96414,16392,522133,606
2015-05-06$210.16$208.0035.3%9.6%28.0%37.5%33.6%5.7%-1.7%-25.3M371.9M-6.6M1.1813.596,5387,68993,812135,840
2015-05-07$205.56$208.0033.9%9.7%28.5%34.2%34.7%4.7%-0.7%-27.0M635.6M-6.3M2.9713.115,64916,80292,401136,654
2015-05-08$209.64$208.0031.7%9.1%29.3%29.4%33.3%3.6%0.2%-22.9M439.5M-6.0M3.0411.352,3887,24792,739134,318
2015-05-11$206.28$208.0032.2%9.5%29.8%30.4%33.7%2.6%0.6%-25.1M473.5M-6.1M5.3812.791,1786,34190,601129,764
2015-05-12$208.92$208.0032.4%9.3%28.0%30.9%33.1%5.5%-0.3%-29.9M397.2M-5.9M2.2712.672,4635,59590,767133,310
2015-05-13$206.56$208.0032.4%9.4%24.0%31.0%33.9%3.0%0.4%-37.7M517.5M-6.0M2.7812.252,7357,59291,041133,777
2015-05-14$204.16$208.0033.2%9.2%24.1%32.7%33.2%-0.4%-1.4%-52.7M682.7M-5.9M2.5413.512,6436,70491,627137,141
2015-05-15$204.64$208.0030.6%8.8%23.6%27.0%31.7%5.1%-0.4%-70.7M699.3M-5.6M4.029.283,77015,17291,869139,588
2015-05-18$205.60$208.0030.0%8.6%23.6%25.5%32.1%3.7%0.0%-36.2M485.1M-5.6M5.959.612,25013,38579,497121,936
2015-05-19$199.80$208.0031.7%9.1%23.3%29.5%32.1%4.9%-0.3%-46.8M790.6M-5.7M4.278.872,70611,56680,234129,213
2015-05-20$199.68$208.0030.4%8.7%23.3%26.4%31.0%3.7%0.7%-55.1M838.8M-5.7M3.258.122,9869,70381,620134,715
2015-05-21$204.24$208.0029.5%8.5%24.6%24.6%29.6%3.8%0.5%-60.8M614.8M-5.7M1.218.584,6905,65282,087137,006
2015-05-22$202.96$208.0029.6%8.6%24.7%24.7%30.9%4.2%-0.5%-69.7M663.0M-5.6M2.5711.223,1117,99383,861138,592
2015-05-26$198.84$208.0031.6%9.4%25.3%29.1%33.4%2.5%-0.5%-57.0M858.9M-5.6M4.617.993,11614,38083,019137,230
2015-05-27$198.88$208.0031.8%9.4%25.0%29.5%32.4%3.2%-0.8%-65.0M906.5M-5.6M2.146.644,1578,90684,189143,005
2015-05-28$196.88$208.0031.5%9.4%21.8%28.9%32.2%3.1%-0.8%-65.6M1.03B-5.4M1.787.846,66911,84885,415145,515
2015-05-29$198.24$208.0030.6%9.2%22.0%26.9%31.6%6.7%0.0%-59.2M941.6M-5.4M1.067.025,5025,82489,065150,113