XOP Options History — November 2017

In November 2017, XOP traded between $136.68 and $147.24. ATM implied volatility averaged 29.1%, placing in the 31.1% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 1.6% (HV 20d: 27.5%). Max pain ranged from $132.00 to $140.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.38.

Notable Days

  • 2017-11-06: Highest Volume — 71,968 contracts
  • 2017-11-14: Largest IV spike — 5.7% change
  • 2017-11-14: Highest IV Rank — 41.2%
  • 2017-11-27: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$141.25$136.68$147.24$141.12$142.84
Max Pain$135.05$132.00$140.00$136.00$136.00
ATM IV29.1%26.5%31.5%27.6%26.5%
Expected Move8.7%8.0%9.4%8.0%8.3%
HV 20d27.5%20.8%30.9%21.7%28.8%
HV 60d22.3%19.9%23.8%19.9%23.8%
IV Rank31.1%22.5%41.2%23.8%32.0%
IV Percentile58.3%24.6%87.3%35.3%24.6%
Term Structure0.0%-1.4%2.7%1.4%-0.1%
VWIV30.7%28.0%34.2%28.1%29.6%
Skew 25d2.5%0.9%4.0%2.5%1.3%
Skew 10d4.7%0.8%7.9%0.8%3.5%
Call IV 25d28.3%26.5%30.3%27.0%26.5%
Put IV 25d30.8%27.8%33.7%29.5%27.8%
Bid-Ask Spread %4.002.3115.5915.593.46
Gamma HHI0.100.070.370.100.11
Net GEX7.6M-30.7M124.0M-6.6M18.1M
Net DEX-62.9M-1.13B716.9M-252.4M-75.5M
Net VEX-10.5M-11.3M-9.6M-10.0M-9.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.380.142.240.482.24
Total Volume43,359.38120,22971,96845,89340,381
Total OI733,415.476628,193822,230628,193747,244

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-11-01$141.12$136.0027.6%8.0%21.7%23.8%28.1%2.5%1.4%-6.6M-252.4M-10.0M0.4815.5930,90514,988179,215448,978
2017-11-02$139.40$132.0027.3%8.1%22.2%22.5%28.3%0.9%0.3%2.0M-125.2M-10.2M1.122.959,53510,694194,781453,383
2017-11-03$141.52$132.0028.0%8.1%20.8%25.6%28.0%1.8%0.0%8.2M-399.4M-9.9M0.143.5045,4076,531194,725459,113
2017-11-06$147.24$132.0028.5%8.6%24.6%27.7%30.4%1.0%2.7%27.8M-1.13B-9.8M0.743.5441,46130,507230,621454,264
2017-11-07$146.44$132.0029.8%8.5%24.7%33.3%29.5%1.0%-0.4%38.5M-1.08B-10.4M1.712.6719,10032,573250,737473,073
2017-11-08$144.20$132.0028.7%8.4%25.7%28.7%30.2%1.8%1.1%31.5M-738.0M-10.9M0.663.0615,57210,295253,698487,938
2017-11-09$146.40$132.0029.7%8.3%25.6%32.9%28.9%1.1%-1.0%33.1M-994.4M-10.7M2.163.8713,18328,483253,717491,501
2017-11-10$145.84$136.0030.3%8.8%25.8%36.0%31.3%1.6%0.5%29.7M-862.9M-10.8M1.453.2111,24216,282251,304494,474
2017-11-13$143.48$136.0029.8%8.5%26.8%33.6%29.7%1.8%1.4%22.9M-510.2M-10.7M1.014.4219,48619,633251,068500,196
2017-11-14$138.40$136.0031.5%9.0%30.2%41.2%32.4%3.4%0.2%-8.2M396.0M-11.2M0.854.7835,47230,131260,237508,258
2017-11-15$136.68$140.0030.3%8.7%30.4%35.7%29.9%3.3%0.2%-20.9M716.9M-11.3M1.464.0613,40719,570282,824526,360
2017-11-16$137.12$136.0030.8%8.9%30.2%38.2%32.1%4.0%-1.4%-12.4M589.3M-11.0M1.932.7012,21623,559283,928521,660
2017-11-17$139.96$136.0030.7%8.9%30.9%37.6%31.9%3.6%-1.4%124.0M103.6M-10.9M1.492.6915,91923,697286,363535,867
2017-11-20$138.36$136.0030.2%9.0%29.9%35.3%34.2%3.5%-0.8%-30.7M592.8M-11.0M2.232.3113,35929,828245,655475,432
2017-11-21$138.72$136.0028.8%8.5%29.9%29.1%29.7%3.0%-0.8%-25.4M504.6M-10.6M0.512.3723,01711,743248,062479,890
2017-11-22$141.12$136.0028.4%8.5%29.9%27.3%31.1%3.1%-1.0%2.5M127.6M-10.4M1.982.9717,99335,543256,877471,113
2017-11-24$141.28$136.0028.9%9.1%30.0%29.6%32.6%3.8%-0.4%-4.1M140.4M-10.6M0.996.2418,71318,595256,869477,654
2017-11-27$137.88$136.0029.3%9.4%30.0%31.0%32.9%3.5%-0.2%-29.9M664.5M-10.2M2.053.0615,01430,818259,159478,975
2017-11-28$138.84$136.0028.5%9.3%29.9%27.5%31.3%3.2%-0.1%-25.0M571.8M-10.1M1.982.9914,73129,138260,250480,471
2017-11-29$139.48$136.0027.6%9.1%29.5%23.8%33.2%3.2%0.1%-14.9M432.6M-9.8M1.753.6522,45439,372263,292472,499
2017-11-30$142.84$136.0026.5%8.3%28.8%32.0%29.6%1.3%-0.1%18.1M-75.5M-9.6M2.243.4612,47927,902258,378488,866