XOP Options History — January 2018

In January 2018, XOP traded between $147.76 and $159.40. ATM implied volatility averaged 26.6%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 4.6% (HV 20d: 22.0%). Max pain ranged from $140.00 to $152.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 2.31.

Notable Days

  • 2018-01-30: Highest Volume — 112,740 contracts
  • 2018-01-11: Largest IV spike — 6.2% change
  • 2018-01-30: Highest IV Rank — 64.6%
  • 2018-01-30: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$155.11$147.76$159.40$152.76$147.76
Max Pain$149.14$140.00$152.00$140.00$152.00
ATM IV26.6%24.6%30.0%25.9%28.2%
Expected Move7.7%7.2%9.0%7.2%8.2%
HV 20d22.0%19.6%26.0%26.0%22.8%
HV 60d25.3%25.0%25.9%25.5%25.8%
IV Rank35.9%19.9%64.6%30.6%49.8%
IV Percentile34.7%15.5%78.2%25.8%51.2%
Term Structure0.3%-0.0%0.6%0.4%0.3%
VWIV27.3%25.3%31.8%25.9%29.2%
Skew 25d0.2%-0.5%0.9%0.6%0.8%
Skew 10d0.1%-1.0%1.7%0.7%1.7%
Call IV 25d27.0%24.8%30.2%26.1%28.6%
Put IV 25d27.2%25.6%30.9%26.7%29.3%
Bid-Ask Spread %3.502.0315.192.0315.19
Gamma HHI0.110.080.140.080.09
Net GEX25.6M-11.0M38.5M24.3M-8.6M
Net DEX-1.01B-1.76B412.8M-1.28B318.0M
Net VEX-9.9M-11.5M-9.1M-9.1M-11.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.310.229.820.430.44
Total Volume39,053.42911,751112,74051,94034,569
Total OI596,176.286432,586707,520578,690552,174

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-01-02$152.76$140.0025.9%7.2%26.0%30.6%25.9%0.6%0.4%24.3M-1.28B-9.1M0.432.0336,27115,669213,530365,160
2018-01-03$154.36$144.0026.6%7.5%25.7%36.1%26.3%-0.0%0.3%31.7M-1.45B-9.6M1.724.1424,60742,379233,292374,830
2018-01-04$155.16$148.0025.5%7.5%25.3%26.6%26.3%0.2%0.1%30.2M-1.45B-9.6M3.182.867,60024,138233,404400,182
2018-01-05$154.16$152.0024.9%7.2%22.0%22.4%25.8%0.9%0.4%26.3M-1.28B-10.0M9.822.365,01849,278236,885404,562
2018-01-08$154.96$152.0025.1%7.2%22.0%23.2%25.3%0.5%0.1%25.7M-1.39B-9.9M5.512.993,15917,409237,198428,893
2018-01-09$154.72$148.0025.3%7.3%22.0%25.1%26.4%-0.0%0.4%27.5M-1.39B-9.9M3.243.603,77312,231237,226409,199
2018-01-10$154.04$148.0024.6%7.2%21.9%19.9%25.3%0.4%0.4%26.3M-1.32B-9.7M1.633.894,9768,105238,557412,886
2018-01-11$157.56$148.0026.2%7.6%21.7%32.7%27.3%-0.3%0.2%35.4M-1.76B-9.3M1.393.4246,81464,925237,635412,993
2018-01-12$158.64$148.0025.8%7.4%20.9%29.4%26.5%-0.5%0.1%38.2M-1.76B-9.7M4.052.444,85619,685248,119442,366
2018-01-16$156.04$148.0026.6%7.6%21.7%36.4%27.8%0.1%0.0%27.6M-1.41B-9.5M2.223.055,74112,754247,419443,807
2018-01-17$157.12$148.0027.2%7.8%20.6%41.0%27.2%0.3%0.2%33.2M-1.53B-9.6M1.082.8411,62312,545248,108447,106
2018-01-18$155.40$148.0026.2%7.5%20.9%32.9%27.7%0.6%0.5%30.4M-1.29B-9.9M1.754.129,30216,236253,254451,447
2018-01-19$154.72$148.0025.1%7.2%21.1%23.8%26.0%-0.1%0.4%13.1M-1.24B-9.8M1.222.239,46811,574254,568452,952
2018-01-22$158.76$148.0026.1%7.6%21.3%32.1%27.3%-0.3%-0.0%27.4M-648.6M-9.5M0.742.1416,98212,611161,768270,818
2018-01-23$159.40$152.0026.3%7.6%19.6%33.9%27.7%0.1%0.6%38.5M-831.9M-9.8M1.402.264,9066,845188,897279,900
2018-01-24$158.96$152.0027.7%7.8%19.8%45.0%27.6%0.3%0.3%36.3M-767.5M-10.0M0.222.2959,32312,997187,623276,959
2018-01-25$155.56$152.0027.6%7.9%20.6%44.7%27.7%-0.2%0.6%34.0M-532.6M-10.8M0.942.1010,85110,230227,393281,554
2018-01-26$155.92$152.0027.6%8.2%20.2%44.7%28.7%-0.1%0.5%34.7M-520.6M-10.6M6.372.615,53135,211219,765284,590
2018-01-29$153.36$152.0029.2%8.6%21.1%58.4%30.1%-0.2%0.5%16.3M-169.5M-10.5M0.873.879,2037,987218,509287,392
2018-01-30$147.96$152.0030.0%9.0%24.6%64.6%31.8%0.7%0.4%-11.0M412.8M-10.5M0.293.0387,53625,204223,643293,139
2018-01-31$147.76$152.0028.2%8.2%22.8%49.8%29.2%0.8%0.3%-8.6M318.0M-11.5M0.4415.1924,02510,544243,422308,752