XOP Options History — April 2016

In April 2016, XOP traded between $116.96 and $147.88. ATM implied volatility averaged 41.7%, placing in the 42.3% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 4.0% (HV 20d: 37.8%). Max pain ranged from $120.00 to $140.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.92.

Notable Days

2016-04-19: Highest Volume — 107,951 contracts
2016-04-14: Largest IV drop — 11.5% change
2016-04-04: Highest IV Rank — 51.7%
2016-04-04: Largest Expected Move — 12.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$132.30	$116.96	$147.88	$119.48	$142.88
Max Pain	$129.81	$120.00	$140.00	$120.00	$140.00
ATM IV	41.7%	37.6%	46.1%	41.7%	42.9%
Expected Move	11.9%	10.8%	12.6%	11.8%	12.5%
HV 20d	37.8%	32.6%	49.5%	49.5%	38.0%
HV 60d	52.3%	46.9%	57.3%	57.3%	46.9%
IV Rank	42.3%	33.3%	51.7%	42.2%	44.8%
IV Percentile	38.9%	26.6%	61.9%	37.7%	45.2%
Term Structure	-0.1%	-2.8%	1.6%	0.0%	-1.1%
VWIV	42.9%	39.0%	46.2%	42.9%	44.2%
Skew 25d	4.2%	1.6%	7.0%	3.6%	3.3%
Skew 10d	9.3%	5.6%	13.4%	13.4%	7.2%
Call IV 25d	39.4%	36.0%	42.0%	40.7%	41.6%
Put IV 25d	43.7%	38.6%	48.0%	44.3%	44.9%
Bid-Ask Spread %	8.71	5.98	11.32	10.48	7.96
Gamma HHI	0.08	0.06	0.10	0.09	0.07
Net GEX	-8.2M	-31.5M	5.7M	-15.2M	-3.3M
Net DEX	-260.1M	-763.4M	333.6M	252.8M	-478.5M
Net VEX	-5.8M	-7.2M	-4.7M	-4.7M	-7.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.92	0.59	4.26	4.26	3.30
Total Volume	38,357.952	10,020	107,951	38,347	30,466
Total OI	336,678.429	292,020	390,783	307,972	362,349

Daily Data (21 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
2016-04-01	$119.48	$120.00	41.7%	11.8%	49.5%	42.2%	42.9%	3.6%	0.0%	-15.2M	252.8M	-4.7M	4.26	10.48	7,284	31,063	116,763	191,209
2016-04-04	$117.88	$120.00	46.1%	12.6%	48.4%	51.7%	44.2%	7.0%	-2.8%	-28.4M	285.0M	-4.7M	1.11	8.81	6,685	7,401	112,840	179,180
2016-04-05	$116.96	$120.00	43.5%	12.5%	46.4%	46.2%	43.0%	4.4%	1.6%	-31.5M	333.6M	-4.7M	1.98	6.18	3,361	6,659	115,533	182,390
2016-04-06	$121.00	$120.00	43.2%	12.0%	35.9%	45.5%	44.5%	3.2%	0.6%	-22.5M	93.9M	-4.8M	1.02	8.99	8,333	8,526	115,923	184,109
2016-04-07	$120.92	$120.00	43.4%	12.3%	34.0%	45.9%	44.3%	5.1%	-0.5%	-24.4M	80.1M	-4.8M	1.97	10.12	11,757	23,201	118,962	188,507
2016-04-08	$125.36	$120.00	42.4%	12.2%	35.8%	43.6%	43.6%	4.7%	-0.5%	-2.6M	-151.1M	-5.0M	1.87	6.39	8,902	16,665	119,087	199,356
2016-04-11	$125.76	$124.00	41.9%	12.2%	32.6%	42.6%	45.3%	5.6%	1.2%	-3.4M	-156.6M	-4.9M	4.09	5.98	4,446	18,190	120,243	190,940
2016-04-12	$133.80	$124.00	43.3%	12.5%	37.9%	45.5%	46.2%	4.3%	0.2%	5.7M	-491.5M	-5.0M	2.40	11.32	20,439	48,973	120,784	199,248
2016-04-13	$132.40	$132.00	45.1%	12.6%	38.3%	49.7%	46.2%	5.6%	-1.3%	-1.6M	-386.2M	-5.2M	3.43	8.99	15,583	53,392	130,847	220,335
2016-04-14	$132.52	$132.00	40.0%	11.4%	36.2%	38.4%	41.4%	3.7%	-0.6%	-9.3M	-354.0M	-5.7M	1.22	9.15	17,550	21,424	138,103	247,251
2016-04-15	$130.36	$132.00	42.5%	12.0%	36.7%	44.0%	44.0%	6.7%	-0.4%	-16.4M	-166.0M	-5.7M	2.93	7.70	11,704	34,336	136,818	253,965
2016-04-18	$132.76	$132.00	39.6%	11.3%	37.1%	37.7%	39.6%	5.1%	1.3%	-23.1M	-148.9M	-5.6M	3.03	10.75	10,834	32,819	117,683	193,237
2016-04-19	$135.96	$132.00	38.1%	10.9%	37.7%	34.4%	39.0%	2.1%	-0.3%	-8.0M	-372.9M	-5.5M	0.67	7.48	64,580	43,371	121,503	198,975
2016-04-20	$138.24	$136.00	37.6%	10.8%	37.9%	33.3%	39.8%	2.9%	-0.0%	1.4M	-518.7M	-6.8M	0.76	9.67	22,106	16,719	159,806	210,317
2016-04-21	$136.72	$136.00	39.7%	11.4%	32.6%	37.8%	40.7%	3.4%	-1.4%	-3.9M	-367.9M	-6.5M	0.87	9.98	23,315	20,234	148,440	214,805
2016-04-22	$141.40	$136.00	39.4%	11.4%	33.8%	37.3%	40.3%	3.2%	-0.1%	2.0M	-598.5M	-6.7M	0.80	10.97	28,418	22,829	150,660	233,213
2016-04-25	$139.12	$136.00	41.3%	12.1%	34.4%	41.4%	42.6%	3.6%	-0.0%	-879.9K	-384.9M	-6.7M	0.62	6.36	11,867	7,400	145,274	186,793
2016-04-26	$143.52	$136.00	40.8%	11.5%	35.3%	40.2%	41.1%	3.1%	-0.1%	4.3M	-606.3M	-6.8M	0.78	6.43	13,795	10,716	149,109	191,231
2016-04-27	$147.88	$138.00	42.4%	11.8%	35.9%	43.6%	43.3%	1.6%	0.3%	5.1M	-763.4M	-7.0M	0.59	10.01	18,351	10,863	150,675	196,500
2016-04-28	$143.32	$140.00	41.4%	12.1%	38.8%	41.6%	44.6%	6.7%	0.6%	3.8M	-563.1M	-7.2M	2.56	9.22	8,696	22,264	158,697	198,587
2016-04-29	$142.88	$140.00	42.9%	12.5%	38.0%	44.8%	44.2%	3.3%	-1.1%	-3.3M	-478.5M	-7.1M	3.30	7.96	7,093	23,373	156,552	205,797