XOP Options History — December 2017

In December 2017, XOP traded between $136.32 and $150.56. ATM implied volatility averaged 25.4%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 0.7% (HV 20d: 26.1%). Max pain ranged from $138.00 to $140.00. Net GEX was positive for 11 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.99.

Notable Days

  • 2017-12-13: Highest Volume — 55,295 contracts
  • 2017-12-07: Largest IV drop — 8.3% change
  • 2017-12-04: Highest IV Rank — 53.9%
  • 2017-12-01: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$143.10$136.32$150.56$145.36$149.08
Max Pain$139.90$138.00$140.00$138.00$140.00
ATM IV25.4%23.9%28.7%27.0%25.0%
Expected Move7.3%6.9%8.1%8.1%6.9%
HV 20d26.1%24.1%29.0%29.0%25.4%
HV 60d24.0%23.1%25.1%23.9%25.1%
IV Rank26.3%13.9%53.9%36.1%22.6%
IV Percentile20.1%6.3%56.0%29.8%17.5%
Term Structure0.6%-0.4%2.1%-0.4%0.6%
VWIV25.8%24.5%29.0%29.0%24.7%
Skew 25d1.6%-0.7%4.1%2.3%0.4%
Skew 10d2.5%-1.8%6.7%4.1%0.4%
Call IV 25d25.0%22.5%27.1%26.2%25.5%
Put IV 25d26.6%24.9%29.9%28.5%25.9%
Bid-Ask Spread %3.212.285.243.612.29
Gamma HHI0.100.080.160.110.08
Net GEX3.9M-48.8M37.8M37.8M17.9M
Net DEX-195.1M-1.28B700.1M-492.3M-1.08B
Net VEX-9.3M-9.9M-8.6M-9.2M-9.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.990.232.470.620.57
Total Volume34,646.314,48455,29547,84817,898
Total OI663,668.3537,148751,626749,833606,834

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2017-12-01$145.36$138.0027.0%8.1%29.0%36.1%29.0%2.3%-0.4%37.8M-492.3M-9.2M0.623.6129,48018,368260,612489,221
2017-12-04$143.84$140.0028.7%8.0%28.9%53.9%28.9%4.1%0.2%29.8M-222.5M-9.2M2.274.465,45412,382265,683469,450
2017-12-05$142.52$140.0027.0%7.7%25.2%39.9%27.5%2.1%0.6%13.3M15.1M-9.2M1.022.548,4358,634264,706476,081
2017-12-06$138.16$140.0027.4%7.8%27.2%43.0%27.3%3.3%0.4%-35.7M693.0M-9.3M1.073.2923,65825,197266,762476,231
2017-12-07$139.32$140.0025.1%7.3%27.1%24.0%25.9%2.2%0.3%-48.8M521.7M-8.8M2.212.2810,76023,784268,649482,977
2017-12-08$141.04$140.0024.1%7.2%26.9%15.6%24.9%2.4%0.9%-1.4M210.0M-9.1M1.323.9010,99314,521270,657479,184
2017-12-11$142.88$140.0024.6%7.1%27.4%19.3%25.1%1.9%-0.1%18.1M-198.6M-8.6M0.892.737,6756,809252,086452,066
2017-12-12$140.68$140.0025.7%7.4%27.3%28.9%26.0%2.7%0.1%-4.4M131.6M-8.7M0.892.8418,17916,253253,368452,935
2017-12-13$139.32$140.0024.4%7.0%24.3%18.1%25.0%3.3%0.6%-16.0M310.1M-8.9M0.295.2442,78412,511261,096456,072
2017-12-14$137.96$140.0023.9%7.2%24.1%13.9%24.8%2.1%1.1%-26.4M398.8M-9.8M0.493.5832,76715,955292,787455,498
2017-12-15$136.32$140.0024.1%7.0%24.5%15.1%24.5%3.3%0.5%-39.3M700.1M-9.4M0.502.5629,95715,005282,464455,255
2017-12-18$139.20$140.0024.5%7.0%24.5%18.6%24.9%1.3%0.9%-14.4M217.3M-9.4M0.232.5931,3147,258209,758327,390
2017-12-19$139.24$140.0024.4%7.0%24.1%17.6%24.7%1.2%0.4%-11.6M194.4M-9.4M0.412.4832,88813,395215,075328,968
2017-12-20$142.72$140.0024.5%7.0%25.7%18.4%24.8%0.8%1.8%6.2M-180.6M-9.5M0.252.8343,92210,980221,894335,434
2017-12-21$146.64$140.0024.8%7.0%26.7%20.7%24.8%-0.7%2.1%30.4M-711.2M-9.7M0.574.1332,34518,473239,983339,136
2017-12-22$147.32$140.0025.3%7.1%26.7%25.4%25.4%-0.3%1.3%30.3M-824.5M-9.9M0.963.5012,39711,886247,679349,554
2017-12-26$150.56$140.0026.8%7.5%25.6%37.8%27.0%-0.7%-0.1%36.4M-1.28B-9.7M0.943.2512,66411,909228,020353,039
2017-12-27$149.28$140.0026.0%7.2%26.0%31.0%25.5%0.1%0.6%30.5M-1.06B-9.7M2.472.666,81616,842228,302361,263
2017-12-28$150.56$140.0025.5%6.9%26.1%26.6%25.3%0.2%0.3%25.1M-1.25B-9.6M1.883.387,76814,610232,957364,240
2017-12-29$149.08$140.0025.0%6.9%25.4%22.6%24.7%0.4%0.6%17.9M-1.08B-9.8M0.572.2911,3676,531234,483372,351