XOP Options History — May 2016

In May 2016, XOP traded between $130.52 and $142.68. ATM implied volatility averaged 41.7%, placing in the 42.2% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 4.8% (HV 20d: 36.9%). Max pain ranged from $132.00 to $140.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 2.85.

Notable Days

  • 2016-05-02: Highest Volume — 63,926 contracts
  • 2016-05-24: Largest IV drop — 10.7% change
  • 2016-05-05: Highest IV Rank — 50.5%
  • 2016-05-04: Largest Expected Move — 13.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$137.24$130.52$142.68$141.68$142.24
Max Pain$133.90$132.00$140.00$140.00$136.00
ATM IV41.7%34.9%45.5%43.6%37.5%
Expected Move11.8%9.8%13.1%12.5%10.5%
HV 20d36.9%30.5%42.3%37.6%30.6%
HV 60d44.0%39.4%47.1%46.9%39.4%
IV Rank42.2%27.5%50.5%46.2%33.0%
IV Percentile36.9%14.3%59.5%48.0%16.7%
Term Structure0.0%-3.6%3.9%0.2%-1.7%
VWIV41.7%34.5%46.4%46.4%37.1%
Skew 25d4.6%2.2%6.0%4.6%5.7%
Skew 10d7.1%-2.4%12.5%8.8%7.2%
Call IV 25d38.8%32.9%42.7%41.1%34.4%
Put IV 25d43.4%36.4%47.5%45.7%40.0%
Bid-Ask Spread %7.304.5114.246.878.08
Gamma HHI0.070.060.080.070.06
Net GEX-12.6M-27.9M759.8K-9.9M-1.4M
Net DEX-106.7M-399.9M273.8M-344.4M-335.4M
Net VEX-6.7M-7.2M-5.8M-7.1M-5.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.850.3811.0311.030.68
Total Volume21,180.0956,50763,92663,92620,849
Total OI363,139.238313,923394,235360,470313,923

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-05-02$141.68$140.0043.6%12.5%37.6%46.2%46.4%4.6%0.2%-9.9M-344.4M-7.1M11.036.875,31258,614153,992206,478
2016-05-03$135.28$140.0043.5%12.6%42.1%46.0%44.4%5.5%0.3%-24.4M76.4M-7.0M3.866.345,85122,562153,920218,051
2016-05-04$132.36$140.0045.0%13.1%42.1%49.4%45.9%4.8%0.3%-26.6M273.8M-7.2M5.6810.755,02328,546156,719224,081
2016-05-05$134.80$136.0045.5%12.3%42.3%50.5%43.8%4.6%-1.3%-27.9M128.8M-7.2M4.876.755,91528,818158,033229,137
2016-05-06$133.24$136.0044.9%12.2%41.1%49.2%42.6%5.7%3.8%-20.7M207.9M-7.0M3.916.245,01219,593159,668224,421
2016-05-09$130.52$132.0044.9%12.5%42.0%49.0%44.4%3.9%-2.1%-24.9M264.7M-6.5M2.475.706,90317,080153,265211,960
2016-05-10$135.56$132.0043.0%12.0%38.1%45.1%42.5%2.2%-1.4%-18.2M-18.1M-6.7M2.255.986,41314,435154,570218,519
2016-05-11$136.76$132.0042.7%12.1%38.0%44.4%42.1%5.0%-0.4%-14.0M-124.1M-6.9M2.2614.245,26611,880157,208220,837
2016-05-12$136.52$132.0042.1%12.1%38.0%43.0%43.1%4.4%-0.1%-16.0M-115.0M-6.8M3.119.072,8518,860158,269220,840
2016-05-13$134.36$132.0043.1%12.0%37.9%45.3%43.3%4.7%-3.6%-22.5M45.0M-6.7M3.064.513,0579,365158,535223,561
2016-05-16$137.32$132.0042.4%12.2%38.2%43.7%42.7%5.2%-1.0%-11.4M-165.0M-6.7M1.284.934,0395,163157,240220,867
2016-05-17$138.48$132.0042.4%12.2%37.4%43.6%43.9%5.1%-0.6%-8.0M-240.2M-6.7M1.446.172,6633,844158,540221,566
2016-05-18$137.08$132.0043.7%12.5%37.1%46.6%45.1%6.0%3.9%-12.7M-154.2M-6.7M6.5410.313,20620,981160,428225,708
2016-05-19$136.68$132.0043.5%12.4%36.9%46.1%42.8%5.2%0.7%-15.8M-99.1M-6.7M1.096.905,3195,798160,762232,792
2016-05-20$137.64$132.0041.3%11.7%34.8%41.3%41.6%4.5%1.1%-3.0M-169.4M-6.7M0.955.305,9495,680162,350231,885
2016-05-23$137.52$132.0041.0%11.3%34.4%40.7%39.7%3.6%-0.2%-3.3M-178.3M-6.4M1.475.965,6618,321147,726168,515
2016-05-24$138.52$132.0036.6%10.3%32.4%31.2%38.2%3.5%0.3%-4.2M-216.2M-6.3M1.875.505,55910,423149,802171,607
2016-05-25$142.68$132.0038.2%10.1%32.4%34.5%35.5%3.1%1.1%527.3K-399.9M-6.3M1.157.986,7507,733148,568175,367
2016-05-26$141.76$132.0034.9%10.2%30.5%27.5%35.7%5.1%0.3%759.8K-361.3M-6.2M0.385.7620,6647,759149,927175,431
2016-05-27$141.12$136.0036.3%9.8%30.6%30.5%34.5%3.5%0.9%-1.2M-317.2M-6.1M0.399.9412,2794,786152,504178,352
2016-05-31$142.24$136.0037.5%10.5%30.6%33.0%37.1%5.7%-1.7%-1.4M-335.4M-5.8M0.688.0812,4038,446137,452176,471