XOP Options History — April 2017

In April 2017, XOP traded between $139.52 and $151.52. ATM implied volatility averaged 29.7%, placing in the 31.8% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 5.9% (HV 20d: 23.8%). Max pain ranged from $148.00 to $148.00. Net GEX was positive for 4 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 1.75.

Notable Days

  • 2017-04-20: Highest Volume — 64,183 contracts
  • 2017-04-20: Largest IV spike — 10.5% change
  • 2017-04-20: Highest IV Rank — 42.8%
  • 2017-04-20: Largest Expected Move — 9.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$145.43$139.52$151.52$149.40$139.96
Max Pain$148.00$148.00$148.00$148.00$148.00
ATM IV29.7%27.4%32.2%27.4%30.5%
Expected Move8.0%7.2%9.1%7.2%7.4%
HV 20d23.8%22.0%26.9%26.9%22.4%
HV 60d24.3%23.5%25.1%23.8%24.8%
IV Rank31.8%21.5%42.8%21.5%35.4%
IV Percentile32.4%15.9%50.0%15.9%41.3%
Term Structure0.1%-3.3%3.9%0.1%-2.0%
VWIV28.4%25.3%31.9%25.3%26.3%
Skew 25d3.8%1.3%6.4%2.0%2.9%
Skew 10d6.4%3.0%11.3%4.8%4.8%
Call IV 25d28.1%25.6%31.5%25.6%29.3%
Put IV 25d31.8%27.6%34.4%27.6%32.2%
Bid-Ask Spread %10.064.7621.838.719.05
Gamma HHI0.130.090.260.090.26
Net GEX-61.5M-170.5M10.7M-3.1M-165.0M
Net DEX1.08B236.0M2.09B443.0M1.63B
Net VEX-11.0M-11.8M-10.1M-11.3M-10.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.750.613.690.612.08
Total Volume36,594.4217,36564,18330,06240,273
Total OI536,371.947478,770607,844512,146516,910

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-04-03$149.40$148.0027.4%7.2%26.9%21.5%25.3%2.0%0.1%-3.1M443.0M-11.3M0.618.7118,70111,361190,790321,356
2017-04-04$151.04$148.0027.7%7.5%26.6%23.3%26.3%2.3%-0.2%5.8M244.1M-11.3M0.8410.2713,25311,194186,425324,103
2017-04-05$147.96$148.0029.6%7.9%22.6%31.5%27.2%5.4%-2.4%-12.8M699.3M-11.5M0.6921.8327,98319,211195,513329,227
2017-04-06$149.64$148.0028.0%7.7%22.8%24.7%27.0%3.4%-0.0%10.2M507.3M-11.3M1.489.2221,36631,567200,255333,628
2017-04-07$148.64$148.0028.3%7.8%22.6%25.9%27.7%4.9%-1.1%-13.0M682.3M-11.8M0.988.2317,14216,734208,611346,338
2017-04-10$151.52$148.0027.9%7.8%23.3%24.0%29.5%3.7%-0.8%10.7M236.0M-11.6M1.194.7617,11620,441200,108340,506
2017-04-11$151.20$148.0029.8%8.2%23.0%32.5%29.9%4.6%-1.0%8.4M308.6M-11.7M3.5210.418,24528,981203,441348,064
2017-04-12$148.64$148.0030.0%8.2%22.0%33.3%29.0%6.4%-0.6%-15.9M715.7M-11.4M1.0610.6817,08318,073202,344343,620
2017-04-13$145.32$148.0029.9%8.5%23.2%32.8%28.9%5.4%0.2%-52.3M1.19B-11.1M2.4513.378,02619,700201,389343,225
2017-04-17$144.32$148.0031.6%8.9%23.3%40.1%31.9%5.1%2.9%-69.2M1.35B-10.9M1.027.123,6453,720199,609349,160
2017-04-18$143.80$148.0028.5%8.1%23.3%26.8%29.3%4.3%3.9%-104.4M1.51B-10.5M2.7310.679,77026,690199,939359,505
2017-04-19$139.52$148.0029.2%8.4%24.6%29.6%29.4%3.8%3.3%-140.2M2.09B-10.1M3.6910.239,63335,507202,434364,550
2017-04-20$140.28$148.0032.2%9.1%24.4%42.8%31.4%3.7%2.1%-143.8M1.96B-10.4M1.3910.5226,80137,382203,137365,266
2017-04-21$140.88$148.0031.9%8.9%24.5%41.2%31.6%4.1%2.8%-170.5M1.91B-10.6M2.2015.1416,31835,888219,813388,031
2017-04-24$141.72$148.0030.4%8.1%24.5%34.8%28.3%2.7%-0.8%-78.6M1.34B-10.3M2.945.429,87428,998148,438330,332
2017-04-25$144.20$148.0029.2%7.5%25.2%29.7%27.2%1.3%-0.8%-70.9M1.13B-10.8M1.939.499,50118,296152,800351,799
2017-04-26$144.12$148.0030.8%7.4%23.8%36.5%26.3%3.5%-3.3%-72.3M1.12B-10.7M1.178.3810,78912,633153,748355,880
2017-04-27$140.96$148.0031.1%7.8%22.4%38.0%27.8%1.9%-0.5%-90.6M1.47B-10.6M1.227.7415,06018,339157,275353,498
2017-04-28$139.96$148.0030.5%7.4%22.4%35.4%26.3%2.9%-2.0%-165.0M1.63B-10.6M2.089.0513,06827,205153,620363,290