XOP Options History — March 2018

In March 2018, XOP traded between $133.64 and $141.96. ATM implied volatility averaged 29.1%, placing in the 35.8% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded below realized volatility by 1.4% (HV 20d: 30.6%). Max pain ranged from $144.00 to $144.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 2.56.

Notable Days

  • 2018-03-07: Highest Volume — 64,965 contracts
  • 2018-03-19: Largest IV spike — 13.8% change
  • 2018-03-28: Highest IV Rank — 55.0%
  • 2018-03-01: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$137.94$133.64$141.96$133.64$141.00
Max Pain$144.00$144.00$144.00$144.00$144.00
ATM IV29.1%25.1%32.8%31.9%29.4%
Expected Move8.4%7.4%9.5%9.5%8.4%
HV 20d30.6%25.2%38.0%36.7%29.8%
HV 60d29.3%28.7%30.2%29.1%30.2%
IV Rank35.8%14.5%55.0%50.2%37.2%
IV Percentile57.5%15.5%93.7%90.9%61.1%
Term Structure0.3%-0.3%1.4%-0.3%0.2%
VWIV30.6%26.7%35.6%35.6%29.1%
Skew 25d4.0%3.1%5.0%4.4%3.4%
Skew 10d7.7%6.0%9.9%8.4%6.7%
Call IV 25d27.8%23.6%31.3%30.8%27.7%
Put IV 25d31.8%26.8%36.1%35.2%31.1%
Bid-Ask Spread %4.782.7011.884.974.36
Gamma HHI0.110.100.160.120.10
Net GEX-41.8M-77.7M-18.5M-61.3M-22.2M
Net DEX842.1M213.2M1.39B1.39B276.0M
Net VEX-11.5M-12.1M-11.0M-11.7M-11.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.560.606.333.290.60
Total Volume26,085.09514,65564,96519,14015,913
Total OI630,913.095478,305751,529685,754535,365

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-03-01$133.64$144.0031.9%9.5%36.7%50.2%35.6%4.4%-0.3%-61.3M1.39B-11.7M3.294.974,45714,683295,048390,706
2018-03-02$136.68$144.0030.7%9.1%38.0%44.1%34.2%4.9%-0.3%-43.7M1.04B-11.9M3.347.576,09620,350296,217396,727
2018-03-05$139.16$144.0030.5%8.7%35.7%42.9%31.6%4.7%-0.2%-28.4M724.5M-11.8M2.713.826,70418,157296,070398,585
2018-03-06$137.68$144.0029.6%8.8%34.5%38.3%30.7%3.8%0.3%-39.2M924.0M-11.7M6.333.182,32714,738299,194401,174
2018-03-07$136.32$144.0030.3%8.9%34.5%42.1%33.5%4.0%0.2%-50.3M1.11B-11.5M5.253.4510,39554,570299,434402,256
2018-03-08$135.96$144.0028.9%8.4%32.9%34.8%30.3%3.3%0.7%-66.1M1.29B-12.1M1.042.7020,10820,888303,866435,350
2018-03-09$139.20$144.0026.8%7.9%29.8%23.4%29.5%3.6%0.4%-38.7M804.7M-11.9M1.933.396,22212,036305,318446,211
2018-03-12$139.32$144.0027.0%7.9%29.8%24.8%28.8%3.1%0.4%-38.4M823.3M-11.5M2.513.544,19910,528298,215432,225
2018-03-13$138.48$144.0027.5%7.9%28.7%27.4%31.0%3.3%-0.0%-49.4M956.5M-11.4M4.803.342,52812,127298,934432,960
2018-03-14$138.12$144.0026.5%7.6%28.1%21.7%27.5%3.3%0.4%-51.0M1.02B-11.3M2.965.514,40813,048299,526426,434
2018-03-15$136.32$144.0026.6%7.8%25.2%22.7%29.3%3.4%0.7%-77.7M1.28B-11.0M5.364.183,12916,764300,506427,891
2018-03-16$138.00$144.0025.1%7.4%25.6%14.5%26.7%3.2%1.4%-48.6M1.04B-11.0M0.833.8417,35414,420296,503431,151
2018-03-19$134.28$144.0028.5%8.2%27.5%32.7%28.0%4.6%0.4%-55.3M1.14B-11.0M0.834.6819,54916,148162,514315,791
2018-03-20$136.28$144.0027.6%7.9%27.9%27.5%28.0%4.3%0.5%-43.7M879.1M-11.2M1.012.887,8007,913180,363320,994
2018-03-21$141.96$144.0027.8%8.0%30.0%28.8%28.8%3.3%0.1%-20.9M213.2M-11.3M0.7911.8814,65111,537180,270322,388
2018-03-22$139.04$144.0030.2%8.7%30.4%41.5%31.4%4.5%0.0%-28.7M546.0M-11.6M1.046.139,67910,068186,034323,945
2018-03-23$138.88$144.0032.4%9.3%29.1%52.7%31.6%4.2%-0.2%-28.7M544.2M-11.8M2.106.6913,30127,976189,907325,099
2018-03-26$141.40$144.0030.2%8.6%29.7%41.3%30.8%4.3%0.5%-18.5M275.9M-12.0M2.524.3512,32031,001195,677336,699
2018-03-27$137.92$144.0031.4%8.9%29.9%47.6%32.8%5.0%0.3%-30.6M656.2M-11.6M2.575.415,61114,398200,311329,734
2018-03-28$137.04$144.0032.8%9.4%28.3%55.0%34.2%4.8%0.2%-35.9M761.7M-11.6M2.024.486,51913,167201,081332,502
2018-03-29$141.00$144.0029.4%8.4%29.8%37.2%29.1%3.4%0.2%-22.2M276.0M-11.3M0.604.369,9625,951200,683334,682