XOP Options History — June 2016

In June 2016, XOP traded between $131.16 and $150.16. ATM implied volatility averaged 38.1%, placing in the 33.3% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 7.8% (HV 20d: 30.3%). Max pain ranged from $136.00 to $148.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 2.34.

Notable Days

2016-06-01: Highest Volume — 50,511 contracts
2016-06-24: Largest IV spike — 18.6% change
2016-06-24: Highest IV Rank — 47.2%
2016-06-24: Largest Expected Move — 13.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$142.03	$131.16	$150.16	$143.60	$138.76
Max Pain	$145.09	$136.00	$148.00	$136.00	$144.00
ATM IV	38.1%	33.6%	44.2%	36.7%	35.5%
Expected Move	10.8%	9.0%	13.5%	10.7%	9.7%
HV 20d	30.3%	21.1%	44.9%	25.3%	44.9%
HV 60d	34.7%	33.0%	38.7%	38.7%	37.7%
IV Rank	33.3%	15.4%	47.2%	31.4%	15.4%
IV Percentile	18.7%	7.1%	52.4%	15.1%	7.1%
Term Structure	0.1%	-1.5%	3.5%	-0.1%	0.5%
VWIV	39.0%	32.5%	46.9%	39.9%	35.5%
Skew 25d	5.4%	1.8%	8.5%	2.9%	5.2%
Skew 10d	11.0%	5.9%	20.0%	12.6%	10.1%
Call IV 25d	34.8%	30.0%	40.4%	35.4%	33.1%
Put IV 25d	40.3%	32.9%	47.6%	38.4%	38.3%
Bid-Ask Spread %	9.84	5.66	21.79	9.56	5.66
Gamma HHI	0.09	0.05	0.40	0.06	0.08
Net GEX	-13.6M	-63.2M	13.6M	1.9M	-29.1M
Net DEX	-74.0M	-633.1M	619.2M	-385.4M	193.5M
Net VEX	-5.5M	-5.9M	-5.0M	-5.9M	-5.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.34	0.33	5.17	0.39	1.28
Total Volume	26,355.091	11,514	50,511	50,511	11,514
Total OI	288,629.818	228,209	340,881	320,490	267,437

Daily Data (22 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
2016-06-01	$143.60	$136.00	36.7%	10.7%	25.3%	31.4%	39.9%	2.9%	-0.1%	1.9M	-385.4M	-5.9M	0.39	9.56	36,248	14,263	139,391	181,099
2016-06-02	$143.96	$140.00	35.3%	10.0%	23.5%	28.3%	35.8%	2.2%	0.3%	1.6M	-354.8M	-5.3M	0.42	10.59	23,305	9,857	121,439	187,361
2016-06-03	$142.40	$140.00	35.9%	10.0%	23.5%	29.6%	36.1%	4.7%	3.5%	-3.8M	-268.0M	-5.3M	0.39	8.08	24,218	9,510	121,993	188,809
2016-06-06	$146.28	$140.00	34.8%	9.3%	24.3%	27.2%	34.8%	2.2%	-1.0%	5.1M	-456.1M	-5.1M	0.33	8.63	11,785	3,932	118,487	185,265
2016-06-07	$150.16	$140.00	33.6%	9.0%	23.5%	24.7%	32.9%	1.8%	-1.5%	13.6M	-633.1M	-5.0M	5.17	9.50	3,226	16,687	118,606	185,500
2016-06-08	$148.80	$140.00	34.4%	9.4%	21.1%	26.3%	32.5%	6.6%	-0.8%	12.4M	-572.7M	-5.0M	1.25	10.03	8,166	10,244	118,796	184,247
2016-06-09	$148.12	$148.00	34.4%	9.7%	21.3%	26.4%	36.4%	4.8%	-0.9%	9.8M	-513.8M	-5.2M	2.72	7.22	3,107	8,440	122,116	189,437
2016-06-10	$140.64	$148.00	38.9%	11.1%	29.1%	36.0%	38.9%	5.6%	1.5%	-11.3M	-110.1M	-5.3M	1.42	9.43	7,829	11,078	122,938	192,947
2016-06-13	$139.76	$148.00	41.1%	11.8%	28.5%	40.9%	43.0%	7.2%	-0.4%	-15.2M	-51.1M	-5.2M	2.54	8.08	3,908	9,916	120,974	192,324
2016-06-14	$140.04	$148.00	41.3%	11.8%	27.5%	41.3%	41.3%	5.7%	0.4%	-16.5M	-52.2M	-5.2M	3.35	13.71	4,909	16,429	121,332	192,915
2016-06-15	$139.92	$148.00	41.2%	11.8%	27.4%	41.0%	42.3%	7.6%	0.4%	-18.3M	-47.3M	-5.2M	2.57	21.79	10,097	25,977	122,627	199,190
2016-06-16	$136.48	$148.00	41.4%	11.9%	28.6%	41.5%	41.1%	6.2%	1.5%	-29.5M	200.9M	-5.6M	2.55	13.72	11,923	30,446	128,296	212,585
2016-06-17	$140.16	$148.00	39.0%	11.2%	30.2%	36.4%	39.7%	6.5%	0.1%	-63.2M	111.7M	-5.7M	1.32	7.73	10,468	13,777	116,458	215,554
2016-06-20	$142.84	$148.00	37.2%	10.4%	30.7%	32.4%	37.2%	6.4%	0.7%	-10.2M	2.8M	-5.7M	2.03	6.85	7,175	14,591	87,433	140,776
2016-06-21	$145.08	$148.00	37.6%	10.0%	31.1%	33.3%	38.1%	5.3%	1.1%	-9.4M	-60.7M	-5.6M	3.59	8.61	4,523	16,239	87,423	141,344
2016-06-22	$143.80	$148.00	37.3%	11.8%	31.3%	32.6%	43.6%	6.1%	0.1%	-10.7M	-4.9M	-5.6M	3.93	10.94	5,203	20,469	88,647	142,685
2016-06-23	$146.12	$148.00	37.1%	11.1%	30.1%	32.2%	40.9%	6.2%	-1.4%	-14.2M	-52.3M	-5.7M	3.60	8.06	4,525	16,299	89,962	155,511
2016-06-24	$138.84	$148.00	44.0%	13.5%	35.3%	47.2%	46.9%	8.5%	-1.3%	-22.2M	345.5M	-5.9M	4.52	8.94	7,559	34,196	90,712	165,598
2016-06-27	$131.16	$148.00	44.2%	12.7%	40.5%	46.7%	43.0%	7.1%	-1.0%	-32.9M	619.2M	-5.6M	2.73	10.32	11,799	32,232	91,235	166,343
2016-06-28	$137.32	$144.00	40.0%	10.6%	44.0%	35.7%	39.2%	4.9%	0.4%	-33.5M	336.5M	-5.8M	1.71	11.52	8,179	13,985	95,553	171,311
2016-06-29	$140.48	$144.00	36.4%	10.0%	44.7%	25.5%	38.1%	5.8%	1.0%	-24.5M	124.0M	-5.8M	3.72	7.43	6,689	24,890	98,997	168,203
2016-06-30	$138.76	$144.00	35.5%	9.7%	44.9%	15.4%	35.5%	5.2%	0.5%	-29.1M	193.5M	-5.8M	1.28	5.66	5,048	6,466	99,832	167,605