XOP Options History — April 2018

In April 2018, XOP traded between $136.08 and $158.68. ATM implied volatility averaged 30.2%, placing in the 41.2% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 2.5% (HV 20d: 32.7%). Max pain ranged from $140.00 to $148.00. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 1.26.

Notable Days

  • 2018-04-19: Highest Volume — 77,705 contracts
  • 2018-04-03: Largest IV drop — 7.8% change
  • 2018-04-02: Highest IV Rank — 58.7%
  • 2018-04-02: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$149.16$136.08$158.68$136.08$157.72
Max Pain$143.62$140.00$148.00$144.00$148.00
ATM IV30.2%27.3%33.5%33.5%28.0%
Expected Move8.7%7.8%10.1%10.1%8.4%
HV 20d32.7%26.1%36.1%31.7%26.1%
HV 60d32.5%30.9%33.2%30.9%32.6%
IV Rank41.2%26.2%58.7%58.7%30.0%
IV Percentile67.8%31.7%96.4%96.4%40.9%
Term Structure-0.2%-0.8%0.4%0.1%-0.1%
VWIV31.2%27.6%35.2%35.2%29.7%
Skew 25d2.9%1.8%5.3%4.9%2.2%
Skew 10d5.3%2.4%10.8%10.8%3.5%
Call IV 25d29.1%26.6%31.5%31.5%27.1%
Put IV 25d32.1%29.0%36.4%36.4%29.3%
Bid-Ask Spread %3.822.0010.274.722.28
Gamma HHI0.090.080.110.110.10
Net GEX17.8M-39.4M52.6M-39.4M44.6M
Net DEX-720.0M-2.17B898.1M898.1M-1.15B
Net VEX-10.4M-11.2M-9.2M-11.2M-9.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.313.600.980.31
Total Volume31,701.14311,57677,70527,06915,452
Total OI561,377.857467,927659,152533,019505,138

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$136.08$144.0033.5%10.1%31.7%58.7%35.2%4.9%0.1%-39.4M898.1M-11.2M0.984.7213,69113,378200,332332,687
2018-04-03$138.40$144.0030.9%9.2%31.6%45.0%32.8%4.8%0.0%-28.7M611.1M-11.1M0.552.737,9354,339208,144335,325
2018-04-04$138.64$144.0030.6%8.9%31.4%43.6%33.7%4.1%-0.1%-26.1M569.0M-11.0M1.092.9911,44812,487211,245335,261
2018-04-05$142.64$140.0030.3%8.5%32.7%42.0%30.3%4.0%0.0%-3.1M-973.9K-11.0M0.353.6433,72411,745216,997336,459
2018-04-06$138.76$140.0032.4%9.0%34.3%52.9%32.5%5.3%-0.5%-13.4M503.6M-11.1M2.495.768,75921,772229,285336,490
2018-04-09$139.44$140.0031.3%8.9%33.3%46.9%32.1%4.1%-0.1%-9.5M410.6M-10.8M3.602.772,5179,059231,245336,087
2018-04-10$144.60$140.0032.6%9.3%35.7%54.0%35.0%3.0%-0.1%13.0M-378.2M-10.9M1.624.0424,22139,298230,433341,015
2018-04-11$147.48$140.0031.7%9.1%36.1%49.1%32.6%2.0%-0.1%20.5M-765.9M-10.7M0.814.8929,76924,072229,775351,682
2018-04-12$147.56$140.0030.9%8.8%36.1%45.0%31.8%1.9%-0.5%27.0M-832.9M-10.9M1.752.787,25212,658243,036356,835
2018-04-13$149.60$140.0030.7%8.9%35.7%43.9%30.6%1.9%0.4%31.9M-1.13B-10.5M2.3010.279,63322,191244,710358,588
2018-04-16$150.60$144.0028.9%8.2%35.6%34.4%28.7%2.5%0.4%24.6M-1.31B-10.1M0.892.6914,07512,464244,566370,224
2018-04-17$151.92$144.0027.3%7.8%33.6%26.2%27.6%2.4%-0.3%26.9M-1.56B-9.7M0.902.287,5426,791247,661372,421
2018-04-18$156.76$144.0027.6%7.9%34.7%27.7%28.3%1.8%0.2%52.6M-2.17B-9.2M0.475.3847,97822,477250,922374,599
2018-04-19$156.20$144.0028.8%8.3%32.4%34.3%29.7%2.1%-0.3%43.9M-2.10B-9.5M1.176.5735,72941,976252,309373,178
2018-04-20$155.20$144.0028.7%8.2%31.3%33.3%28.4%2.4%0.2%32.5M-1.93B-10.1M0.662.0015,53610,238262,037397,115
2018-04-23$156.32$144.0029.5%8.5%31.2%37.7%30.1%2.6%-0.7%36.4M-964.9M-9.9M0.892.3015,21713,471188,096279,831
2018-04-24$153.80$148.0031.5%9.1%31.8%48.2%34.4%2.6%-0.7%24.6M-711.3M-10.4M2.723.378,80323,923195,696291,382
2018-04-25$156.08$148.0031.1%9.0%30.1%46.2%31.7%2.2%-0.8%31.3M-922.8M-10.4M0.923.489,9699,201200,153300,369
2018-04-26$158.68$148.0029.4%8.6%29.9%37.1%30.7%2.6%-0.7%43.1M-1.24B-10.0M0.812.947,5386,142204,669302,531
2018-04-27$155.80$148.0027.9%8.1%30.1%29.2%28.6%1.9%-0.5%40.4M-945.9M-10.1M1.152.359,88611,368206,863303,544
2018-04-30$157.72$148.0028.0%8.4%26.1%30.0%29.7%2.2%-0.1%44.6M-1.15B-9.7M0.312.2811,8393,613204,700300,438