XOP Options History — March 2017

In March 2017, XOP traded between $140.72 and $155.72. ATM implied volatility averaged 27.8%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 0.6% (HV 20d: 27.3%). Max pain ranged from $148.00 to $160.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 1.91.

Notable Days

2017-03-08: Highest Volume — 118,455 contracts
2017-03-08: Largest IV spike — 14.6% change
2017-03-09: Highest IV Rank — 33.1%
2017-03-14: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$146.52	$140.72	$155.72	$155.72	$150.12
Max Pain	$152.52	$148.00	$160.00	$160.00	$148.00
ATM IV	27.8%	25.1%	32.9%	27.2%	25.1%
Expected Move	7.8%	7.0%	8.4%	7.9%	7.0%
HV 20d	27.3%	25.0%	29.2%	25.0%	27.0%
HV 60d	22.2%	20.3%	23.9%	20.3%	23.8%
IV Rank	19.2%	9.1%	33.1%	15.6%	11.7%
IV Percentile	16.8%	4.0%	39.3%	11.5%	4.0%
Term Structure	-0.1%	-5.5%	3.7%	0.5%	0.7%
VWIV	27.7%	25.5%	30.3%	28.6%	25.6%
Skew 25d	2.5%	0.8%	4.2%	1.6%	2.6%
Skew 10d	5.4%	-2.1%	10.5%	8.4%	6.7%
Call IV 25d	26.7%	24.0%	30.2%	27.3%	24.3%
Put IV 25d	29.3%	26.8%	31.3%	28.9%	26.8%
Bid-Ask Spread %	9.36	5.14	16.47	14.14	13.41
Gamma HHI	0.11	0.08	0.15	0.10	0.09
Net GEX	-59.9M	-108.7M	-3.1M	-35.5M	-18.0M
Net DEX	1.17B	289.5M	1.75B	607.6M	289.5M
Net VEX	-9.9M	-11.7M	-8.1M	-8.2M	-11.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.91	0.62	4.32	4.32	1.94
Total Volume	47,038.435	19,467	118,455	50,952	27,377
Total OI	471,762.783	389,269	554,617	389,269	533,627

Daily Data (23 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
2017-03-01	$155.72	$160.00	27.2%	7.9%	25.0%	15.6%	28.6%	1.6%	0.5%	-35.5M	607.6M	-8.2M	4.32	14.14	9,572	41,380	129,396	259,873
2017-03-02	$151.92	$160.00	26.8%	7.6%	26.3%	14.1%	27.1%	2.3%	-0.5%	-71.6M	1.01B	-8.3M	3.60	7.88	5,183	18,654	133,200	273,650
2017-03-03	$151.28	$160.00	25.2%	7.3%	26.1%	9.1%	26.2%	2.6%	0.3%	-84.7M	1.09B	-8.4M	1.76	7.03	9,169	16,171	135,025	273,139
2017-03-06	$152.44	$156.00	25.5%	7.4%	25.2%	9.9%	25.5%	2.1%	-0.1%	-59.8M	968.4M	-8.3M	1.30	13.24	15,693	20,419	136,148	269,422
2017-03-07	$150.16	$156.00	25.6%	7.2%	25.2%	10.4%	26.9%	1.8%	-0.4%	-74.6M	1.18B	-8.2M	2.68	7.55	9,963	26,660	147,209	277,471
2017-03-08	$143.80	$156.00	29.3%	8.3%	28.1%	22.2%	28.7%	1.6%	-0.5%	-87.2M	1.75B	-8.1M	3.09	10.03	28,980	89,475	149,952	285,865
2017-03-09	$145.12	$156.00	32.9%	8.4%	28.4%	33.1%	29.2%	0.8%	-0.4%	-108.0M	1.75B	-9.4M	2.19	7.49	32,099	70,214	163,159	324,711
2017-03-10	$143.76	$152.00	29.2%	8.0%	27.3%	22.6%	29.2%	2.5%	-3.1%	-108.7M	1.71B	-9.3M	1.49	6.86	19,395	28,847	176,630	320,946
2017-03-13	$145.16	$152.00	28.4%	8.0%	27.2%	20.8%	27.7%	3.4%	-0.4%	-78.2M	1.48B	-9.4M	1.64	5.14	9,018	14,751	185,792	319,623
2017-03-14	$143.88	$152.00	30.4%	8.4%	27.2%	27.5%	30.3%	1.5%	-2.0%	-83.0M	1.60B	-9.5M	3.16	6.74	22,435	70,932	188,437	322,876
2017-03-15	$147.88	$152.00	28.3%	7.8%	29.2%	21.4%	29.8%	0.9%	-2.4%	-68.0M	1.25B	-10.4M	1.92	8.31	11,436	21,942	201,877	347,167
2017-03-16	$146.40	$152.00	28.6%	7.4%	29.2%	22.4%	26.9%	3.9%	-5.5%	-74.5M	1.40B	-10.3M	1.07	5.16	12,305	13,123	206,146	348,471
2017-03-17	$145.96	$152.00	26.3%	7.3%	28.7%	14.2%	25.8%	4.2%	-1.4%	-60.6M	1.47B	-10.1M	1.72	7.04	11,967	20,556	207,375	345,951
2017-03-20	$145.88	$152.00	26.3%	7.5%	28.8%	14.3%	26.5%	3.1%	1.8%	-37.7M	893.6M	-10.2M	1.13	12.14	18,022	20,439	136,301	261,440
2017-03-21	$142.84	$152.00	28.2%	8.1%	28.6%	21.0%	28.3%	3.4%	3.7%	-44.8M	1.16B	-10.5M	1.00	9.43	12,714	12,702	148,280	273,857
2017-03-22	$141.40	$152.00	28.3%	8.1%	27.2%	21.2%	28.2%	3.3%	0.3%	-49.7M	1.31B	-10.5M	1.53	6.22	32,427	49,490	155,229	280,453
2017-03-23	$140.92	$148.00	28.6%	8.2%	27.2%	22.6%	28.3%	3.1%	1.5%	-57.6M	1.43B	-10.9M	2.30	5.87	5,898	13,569	168,816	302,685
2017-03-24	$140.72	$148.00	28.7%	8.1%	26.6%	22.9%	27.8%	3.7%	1.7%	-66.3M	1.44B	-10.8M	1.15	8.87	17,500	20,163	162,707	302,745
2017-03-27	$141.80	$148.00	31.1%	8.0%	26.5%	31.2%	28.8%	1.5%	0.5%	-57.9M	1.33B	-10.9M	2.27	11.63	10,312	23,371	166,092	305,545
2017-03-28	$145.08	$148.00	27.9%	8.0%	27.9%	20.1%	28.7%	3.2%	-0.2%	-40.6M	969.0M	-11.3M	1.09	13.01	36,927	40,159	166,796	310,623
2017-03-29	$149.28	$148.00	26.8%	7.6%	27.9%	19.0%	27.0%	2.2%	0.7%	-7.3M	397.7M	-11.7M	0.62	16.47	28,981	17,880	187,654	331,504
2017-03-30	$148.36	$148.00	25.9%	7.3%	26.6%	15.3%	25.5%	2.9%	2.1%	-3.1M	524.0M	-11.7M	1.07	11.53	21,093	22,521	194,079	332,600
2017-03-31	$150.12	$148.00	25.1%	7.0%	27.0%	11.7%	25.6%	2.6%	0.7%	-18.0M	289.5M	-11.7M	1.94	13.41	9,308	18,069	196,110	337,517