XOP Options History — May 2018

In May 2018, XOP traded between $155.48 and $176.56. ATM implied volatility averaged 28.8%, placing in the 34.0% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 4.5% (HV 20d: 24.3%). Max pain ranged from $144.00 to $152.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.35.

Notable Days

  • 2018-05-09: Highest Volume — 63,337 contracts
  • 2018-05-07: Largest IV spike — 8.3% change
  • 2018-05-29: Highest IV Rank — 60.0%
  • 2018-05-29: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$166.07$155.48$176.56$156.48$168.92
Max Pain$148.91$144.00$152.00$148.00$152.00
ATM IV28.8%25.9%33.7%28.5%33.3%
Expected Move8.1%7.5%9.4%8.6%9.0%
HV 20d24.3%20.3%29.4%26.4%29.4%
HV 60d28.9%27.6%31.3%31.3%28.9%
IV Rank34.0%18.9%60.0%32.6%57.6%
IV Percentile51.5%20.2%96.8%48.4%95.6%
Term Structure0.0%-1.9%1.5%-0.0%-1.9%
VWIV28.6%26.5%33.4%30.3%31.0%
Skew 25d2.1%0.9%3.3%1.7%3.2%
Skew 10d3.7%1.6%7.0%3.2%6.1%
Call IV 25d28.0%25.4%32.2%27.9%32.0%
Put IV 25d30.1%26.6%35.5%29.6%35.2%
Bid-Ask Spread %3.921.7911.852.343.60
Gamma HHI0.100.080.130.090.09
Net GEX44.3M-1.0M81.2M43.1M21.3M
Net DEX-1.50B-2.73B-315.7M-998.0M-987.1M
Net VEX-9.0M-10.3M-7.5M-9.8M-9.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.350.293.560.800.96
Total Volume32,370.3189,88263,3379,88232,373
Total OI522,359.273434,117590,694507,620524,191

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-05-01$156.48$148.0028.5%8.6%26.4%32.6%30.3%1.7%-0.0%43.1M-998.0M-9.8M0.802.345,5024,380206,550301,070
2018-05-02$158.20$148.0027.6%8.3%26.4%27.9%29.2%1.5%-0.2%51.0M-1.18B-9.5M0.7310.807,1825,239207,199302,741
2018-05-03$155.48$144.0027.7%8.0%26.4%28.3%28.0%2.5%0.1%38.4M-850.8M-9.6M0.753.4111,2218,394206,097305,110
2018-05-04$158.68$144.0027.2%7.8%24.1%25.7%27.2%2.1%0.1%54.3M-1.23B-9.3M0.552.539,8645,415207,985308,925
2018-05-07$159.88$144.0029.5%8.4%24.1%37.6%29.9%1.1%0.2%49.9M-1.32B-9.1M1.1611.8520,66624,018206,745308,551
2018-05-08$162.12$144.0028.4%8.1%21.6%32.1%29.4%2.5%0.0%49.7M-1.56B-9.0M2.028.3116,67733,741212,632321,501
2018-05-09$165.64$144.0027.2%7.9%21.8%25.4%27.5%1.0%0.2%61.9M-2.00B-8.4M0.423.2844,69018,647217,386329,448
2018-05-10$166.36$148.0026.6%7.7%21.7%22.6%27.2%1.3%0.1%68.6M-2.10B-8.4M1.511.808,77713,228223,065341,874
2018-05-11$164.76$148.0025.9%7.5%22.2%18.9%26.5%0.9%0.5%70.1M-1.93B-8.4M3.562.2310,17836,242221,933340,804
2018-05-14$167.28$148.0026.2%7.5%22.5%20.3%26.5%0.9%1.2%75.0M-2.11B-8.4M1.362.677,0269,539220,768332,887
2018-05-15$167.52$148.0027.5%7.9%22.5%27.4%28.1%1.7%1.1%75.0M-2.10B-8.5M1.621.797,08311,479222,280337,249
2018-05-16$169.04$148.0027.2%7.8%20.3%25.9%27.9%2.2%0.6%81.2M-2.24B-8.2M0.972.818,8488,590225,204340,685
2018-05-17$174.24$152.0027.8%7.9%22.1%29.0%28.4%2.1%1.4%54.5M-2.73B-7.7M0.981.8226,51625,986224,789345,379
2018-05-18$172.64$152.0026.8%7.5%22.3%23.3%26.6%2.0%1.5%41.8M-2.58B-8.2M1.792.046,87312,304232,547358,147
2018-05-21$176.56$152.0027.4%7.5%23.2%26.9%27.0%1.8%-0.1%43.0M-1.74B-7.5M3.252.246,70321,761164,900269,217
2018-05-22$172.08$152.0029.5%7.9%24.6%37.5%27.4%2.7%-0.3%36.4M-1.32B-8.6M2.327.6615,31235,451167,793284,714
2018-05-23$171.00$152.0029.5%8.0%24.7%38.0%27.4%2.3%-0.1%22.2M-1.14B-9.1M1.452.3715,80822,939175,278308,897
2018-05-24$168.92$152.0030.9%8.3%24.9%45.0%29.3%2.3%-0.4%12.5M-896.9M-9.4M1.302.189,18011,930176,258312,831
2018-05-25$163.44$152.0032.5%8.8%27.0%53.4%30.9%2.9%-0.7%-1.0M-315.7M-10.2M1.163.2828,59533,044175,689313,853
2018-05-29$164.00$152.0033.7%9.4%26.8%60.0%33.4%3.3%-1.3%3.7M-449.3M-10.3M0.813.6715,05712,151180,915319,362
2018-05-30$170.20$152.0032.3%8.7%29.3%52.3%30.4%3.1%-1.4%22.4M-1.12B-9.3M0.293.5533,6659,873182,575325,880
2018-05-31$168.92$152.0033.3%9.0%29.4%57.6%31.0%3.2%-1.9%21.3M-987.1M-9.8M0.963.6016,53515,838192,181332,010