XOP Options History — July 2018

In July 2018, XOP traded between $168.72 and $178.00. ATM implied volatility averaged 27.3%, placing in the 26.3% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 0.6% (HV 20d: 26.7%). Max pain ranged from $168.00 to $172.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.58.

Notable Days

  • 2018-07-12: Highest Volume — 59,004 contracts
  • 2018-07-11: Largest IV spike — 6.7% change
  • 2018-07-03: Highest IV Rank — 43.2%
  • 2018-07-02: Largest Expected Move — 8.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$171.60$168.72$178.00$168.72$172.16
Max Pain$169.90$168.00$172.00$168.00$168.00
ATM IV27.3%24.8%30.6%30.4%24.8%
Expected Move7.8%7.0%8.7%8.7%7.1%
HV 20d26.7%19.5%31.6%30.1%20.5%
HV 60d27.2%26.5%27.9%27.7%26.5%
IV Rank26.3%13.0%43.2%42.5%13.0%
IV Percentile38.6%13.9%76.2%75.4%13.9%
Term Structure0.2%-0.4%0.8%0.1%-0.0%
VWIV27.9%24.6%30.7%30.1%25.4%
Skew 25d2.7%2.1%3.6%2.6%2.5%
Skew 10d4.6%3.1%5.6%4.6%4.8%
Call IV 25d26.3%23.6%29.4%29.4%23.8%
Put IV 25d29.0%26.3%32.5%32.1%26.3%
Bid-Ask Spread %2.691.815.232.162.85
Gamma HHI0.090.070.130.070.08
Net GEX-11.9M-38.5M34.0M-27.1M-15.8M
Net DEX-348.4M-1.09B-28.1M-131.0M-378.2M
Net VEX-8.9M-10.1M-8.0M-10.1M-8.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.580.393.770.620.74
Total Volume24,523.1913,01659,00419,74216,160
Total OI481,921.905404,398563,580479,036420,834

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-07-02$168.72$168.0030.4%8.7%30.1%42.5%30.1%2.6%0.1%-27.1M-131.0M-10.1M0.622.1612,1687,574153,253325,783
2018-07-03$170.72$168.0030.6%8.5%30.1%43.2%30.7%3.6%-0.1%-15.1M-337.5M-9.8M3.774.784,02315,173154,978326,276
2018-07-05$170.52$168.0029.8%8.5%30.2%39.1%30.5%2.7%0.1%-17.9M-285.7M-9.7M2.642.013,5799,437155,712332,026
2018-07-06$173.64$168.0028.1%8.2%28.9%30.1%29.7%2.1%0.3%9.3M-612.3M-9.3M0.782.3715,55412,125156,500339,333
2018-07-09$178.00$168.0028.4%8.3%29.9%31.9%28.5%2.4%0.4%30.3M-1.07B-8.5M0.712.1023,09616,358160,045328,657
2018-07-10$177.84$168.0027.3%7.9%29.9%26.2%27.5%2.3%0.3%34.0M-1.09B-8.3M0.391.9621,5878,473163,990331,799
2018-07-11$173.08$172.0029.1%8.6%31.6%35.8%30.4%3.1%0.8%3.6M-537.8M-9.1M0.935.2320,44818,947168,335334,906
2018-07-12$172.40$172.0028.1%8.1%31.6%30.1%29.4%2.5%0.2%-5.2M-447.7M-9.1M2.661.8116,12542,879170,484344,155
2018-07-13$172.52$172.0027.7%8.0%31.1%28.2%29.3%2.6%0.6%-8.9M-447.8M-9.3M1.772.447,81613,802174,293357,589
2018-07-16$169.16$172.0029.0%8.3%29.7%35.2%29.4%3.1%-0.4%-36.7M-28.1M-9.4M2.792.305,90816,473173,798359,837
2018-07-17$169.36$172.0028.4%8.2%28.7%32.0%29.3%2.9%-0.3%-34.6M-46.4M-9.3M1.971.868,64617,041175,863360,371
2018-07-18$169.64$172.0027.6%7.9%28.6%28.0%29.0%3.1%0.1%-35.3M-57.3M-9.1M1.582.8515,67524,761177,053364,280
2018-07-19$170.88$172.0026.7%7.6%27.9%22.8%27.1%2.7%0.1%2.2M-294.4M-9.0M1.452.477,03510,170186,161373,533
2018-07-20$169.88$172.0026.3%7.5%25.5%20.9%26.8%2.3%0.2%9.7M-166.3M-8.9M2.301.944,55110,489188,208375,372
2018-07-23$169.48$172.0026.2%7.5%22.9%20.4%26.6%2.6%0.5%-32.1M-97.1M-8.6M2.582.544,12510,663124,192280,206
2018-07-24$170.48$172.0025.8%7.4%21.5%18.1%26.3%2.5%0.3%-26.8M-178.6M-8.5M1.482.499,06513,410125,799282,135
2018-07-25$171.72$168.0025.0%7.1%20.2%14.1%24.7%2.7%0.2%-18.2M-294.9M-8.4M1.653.395,1218,461130,242286,244
2018-07-26$172.52$168.0024.9%7.0%19.5%13.4%24.6%2.7%0.3%-9.0M-390.2M-8.3M0.822.968,0686,626133,156285,736
2018-07-27$168.92$168.0024.9%7.1%20.9%13.7%24.7%2.5%0.4%-38.5M-78.9M-8.5M0.613.0413,5678,218134,581285,769
2018-07-30$171.88$168.0025.1%7.2%21.8%14.4%25.3%2.3%-0.1%-17.2M-354.4M-8.1M0.853.0611,6589,932133,803285,073
2018-07-31$172.16$168.0024.8%7.1%20.5%13.0%25.4%2.5%-0.0%-15.8M-378.2M-8.0M0.742.859,2626,898134,996285,838