XOP Options History — July 2016

In July 2016, XOP traded between $132.84 and $143.40. ATM implied volatility averaged 35.1%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 7.6% (HV 20d: 42.7%). Max pain ranged from $140.00 to $144.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 2.38.

Notable Days

  • 2016-07-05: Highest Volume — 30,963 contracts
  • 2016-07-05: Largest IV spike — 15.8% change
  • 2016-07-07: Highest IV Rank — 26.3%
  • 2016-07-05: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$137.52$132.84$143.40$141.92$137.08
Max Pain$141.50$140.00$144.00$144.00$140.00
ATM IV35.1%31.8%41.0%34.0%33.1%
Expected Move9.9%8.9%11.1%8.9%9.5%
HV 20d42.7%31.9%46.7%45.5%33.2%
HV 60d36.5%34.5%38.3%37.9%34.6%
IV Rank10.1%0.0%26.3%11.5%3.5%
IV Percentile6.2%0.0%20.6%4.4%2.4%
Term Structure0.5%-0.9%3.3%0.4%0.9%
VWIV35.5%30.0%39.4%32.7%34.6%
Skew 25d5.2%3.5%7.2%3.5%4.8%
Skew 10d9.6%4.6%17.2%13.8%17.2%
Call IV 25d32.4%29.4%35.9%31.8%31.3%
Put IV 25d37.7%34.4%42.7%35.3%36.0%
Bid-Ask Spread %8.954.8619.647.175.42
Gamma HHI0.090.070.110.070.10
Net GEX-24.6M-32.0M-15.3M-16.1M-22.0M
Net DEX250.2M-22.4M426.8M29.3M198.7M
Net VEX-5.7M-5.9M-5.5M-5.7M-5.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.380.824.852.282.07
Total Volume17,502.857,02930,96318,30428,141
Total OI282,069.95259,214302,654269,074302,654

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2016-07-01$141.92$144.0034.0%8.9%45.5%11.5%32.7%3.5%0.4%-16.1M29.3M-5.7M2.287.175,57712,727100,280168,794
2016-07-05$136.24$140.0039.4%11.1%46.5%24.4%39.4%5.5%0.0%-26.4M331.8M-5.7M2.3510.859,24821,71595,521163,693
2016-07-06$137.12$140.0038.1%11.0%45.4%20.8%38.4%4.9%-0.6%-29.0M316.4M-5.9M1.856.782,4654,56499,917175,645
2016-07-07$134.68$140.0041.0%11.0%45.6%26.3%37.8%7.0%0.4%-30.4M426.7M-5.8M2.0512.203,8497,884100,310174,521
2016-07-08$137.40$140.0037.8%10.4%46.5%17.7%38.6%5.0%0.6%-29.5M302.4M-5.8M4.138.484,11917,014101,963176,812
2016-07-11$136.88$140.0036.9%10.5%42.9%15.4%37.6%7.2%0.4%-31.3M321.1M-5.7M2.238.413,0456,777101,868177,039
2016-07-12$143.40$140.0032.9%9.7%46.0%4.5%36.4%4.7%0.7%-19.3M-22.4M-5.7M3.7111.133,86414,322101,925179,711
2016-07-13$140.52$140.0036.0%9.9%46.7%13.0%35.2%4.6%-0.9%-29.1M154.5M-5.7M1.7219.644,8058,260103,068183,688
2016-07-14$140.20$140.0034.3%9.6%46.7%8.4%32.9%5.2%-0.4%-32.0M161.6M-5.7M4.037.703,10612,504104,093185,766
2016-07-15$139.28$144.0032.2%9.2%45.8%2.6%33.6%5.8%-0.7%-15.3M260.3M-5.7M2.4110.645,04712,152106,756193,497
2016-07-18$140.24$144.0031.8%9.0%44.9%0.0%32.4%4.6%1.0%-17.1M103.5M-5.7M1.439.976,3009,02696,512169,863
2016-07-19$138.52$144.0031.8%9.2%44.5%0.0%30.0%5.3%2.2%-19.3M161.6M-5.7M1.876.193,5576,66599,469175,677
2016-07-20$138.80$144.0033.0%9.5%44.1%3.3%34.7%5.1%0.7%-19.1M156.7M-5.7M1.667.896,29510,42299,941181,384
2016-07-21$136.32$144.0034.4%9.7%44.4%7.2%35.9%5.9%3.3%-26.1M287.3M-5.7M4.8512.034,10719,92899,707184,713
2016-07-22$136.56$144.0033.0%9.4%43.9%3.3%32.5%5.4%0.5%-23.8M294.4M-5.7M1.9010.154,7028,92299,290187,396
2016-07-25$133.08$142.0035.8%10.2%41.0%10.9%36.3%4.9%0.5%-26.5M397.8M-5.5M4.166.505,11721,29998,811175,114
2016-07-26$135.68$140.0034.9%10.0%36.2%8.4%38.5%5.4%0.6%-24.8M318.1M-5.7M0.956.377,9377,558100,434184,294
2016-07-27$132.84$140.0036.0%10.4%33.0%11.6%35.9%4.9%0.5%-28.5M426.8M-5.8M0.826.7112,0159,838104,415187,945
2016-07-28$133.56$140.0035.3%10.1%31.9%9.5%35.7%5.2%0.6%-26.7M378.4M-5.8M1.184.866,9658,219109,283189,630
2016-07-29$137.08$140.0033.1%9.5%33.2%3.5%34.6%4.8%0.9%-22.0M198.7M-5.8M2.075.429,15918,982111,036191,618