XOP Options History — August 2018

In August 2018, XOP traded between $156.80 and $170.60. ATM implied volatility averaged 24.1%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded above realized volatility by 2.0% (HV 20d: 22.1%). Max pain ranged from $164.00 to $168.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 2.83.

Notable Days

2018-08-15: Highest Volume — 100,365 contracts
2018-08-15: Largest IV spike — 15.3% change
2018-08-15: Highest IV Rank — 29.9%
2018-08-15: Largest Expected Move — 8.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$165.97	$156.80	$170.60	$169.12	$169.16
Max Pain	$166.00	$164.00	$168.00	$168.00	$166.00
ATM IV	24.1%	22.7%	28.0%	25.1%	23.5%
Expected Move	7.0%	6.5%	8.0%	7.2%	6.7%
HV 20d	22.1%	16.5%	26.4%	21.1%	25.2%
HV 60d	26.1%	24.7%	27.1%	26.8%	24.7%
IV Rank	9.4%	1.9%	29.9%	14.8%	6.5%
IV Percentile	9.8%	0.4%	51.2%	18.3%	4.8%
Term Structure	0.3%	-0.4%	0.9%	-0.4%	0.3%
VWIV	24.9%	22.7%	27.8%	25.7%	24.7%
Skew 25d	2.4%	1.7%	3.4%	2.2%	2.7%
Skew 10d	4.3%	3.2%	6.0%	4.6%	4.8%
Call IV 25d	23.2%	22.1%	26.5%	24.5%	22.6%
Put IV 25d	25.6%	24.0%	29.5%	26.7%	25.3%
Bid-Ask Spread %	3.32	1.94	18.56	18.56	2.47
Gamma HHI	0.12	0.08	0.35	0.08	0.10
Net GEX	-53.8M	-152.7M	-17.8M	-38.4M	-29.2M
Net DEX	58.6M	-388.4M	994.3M	-132.3M	-264.5M
Net VEX	-8.6M	-9.4M	-8.0M	-8.2M	-8.6M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.83	0.89	4.78	0.89	3.00
Total Volume	30,432.13	12,001	100,365	21,893	20,689
Total OI	425,525.435	393,545	469,224	420,874	441,199

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2018-08-01	$169.12	$168.00	25.1%	7.2%	21.1%	14.8%	25.7%	2.2%	-0.4%	-38.4M	-132.3M	-8.2M	0.89	18.56	11,565	10,328	135,040	285,834
2018-08-02	$169.72	$168.00	24.4%	6.8%	21.1%	11.2%	24.7%	2.4%	-0.1%	-36.3M	-207.9M	-8.0M	4.35	2.74	8,197	35,622	136,133	285,398
2018-08-03	$167.88	$168.00	23.5%	6.5%	20.3%	6.3%	22.7%	2.2%	-0.0%	-55.6M	-31.1M	-8.3M	2.38	2.62	10,436	24,838	137,265	288,606
2018-08-06	$169.00	$168.00	23.6%	7.0%	18.0%	6.7%	24.4%	2.3%	0.6%	-40.4M	-167.8M	-8.2M	1.09	2.06	6,649	7,271	129,804	287,405
2018-08-07	$169.64	$168.00	22.7%	6.9%	18.2%	1.9%	24.8%	2.0%	0.6%	-36.2M	-229.7M	-8.1M	1.15	2.30	5,573	6,428	133,391	288,563
2018-08-08	$166.96	$168.00	23.4%	7.0%	16.5%	6.0%	24.8%	2.2%	0.7%	-54.0M	13.1M	-8.4M	2.44	2.57	6,265	15,303	134,369	288,800
2018-08-09	$165.40	$168.00	22.8%	6.9%	16.7%	2.3%	25.0%	1.7%	0.9%	-68.3M	150.8M	-8.5M	2.92	2.00	5,000	14,619	136,622	292,954
2018-08-10	$166.92	$168.00	23.7%	7.0%	17.2%	7.3%	25.1%	2.0%	0.5%	-57.1M	43.9M	-8.6M	1.48	2.22	5,640	8,349	137,804	297,285
2018-08-13	$163.24	$168.00	24.6%	7.2%	17.5%	12.2%	25.6%	2.1%	0.5%	-86.8M	382.7M	-8.7M	3.29	3.62	4,653	15,306	137,095	298,736
2018-08-14	$164.00	$168.00	24.3%	7.1%	17.7%	10.3%	24.9%	2.1%	0.4%	-83.6M	300.3M	-8.4M	2.92	2.13	5,069	14,803	135,983	294,466
2018-08-15	$156.80	$164.00	28.0%	8.0%	23.3%	29.9%	27.8%	3.0%	-0.2%	-100.2M	994.3M	-8.8M	4.50	4.05	18,250	82,115	138,383	292,748
2018-08-16	$158.12	$164.00	25.7%	7.3%	23.4%	17.7%	26.7%	2.6%	-0.2%	-112.6M	914.1M	-9.4M	2.27	2.95	10,684	24,253	138,970	325,093
2018-08-17	$159.16	$164.00	25.0%	7.3%	23.7%	14.3%	25.7%	2.7%	0.8%	-152.7M	873.0M	-9.3M	1.59	2.28	16,473	26,258	141,413	327,811
2018-08-20	$160.28	$164.00	24.5%	7.0%	24.0%	11.6%	25.7%	3.4%	0.6%	-54.6M	353.5M	-9.3M	2.33	2.13	9,908	23,124	109,591	283,954
2018-08-21	$163.72	$164.00	23.3%	6.7%	25.3%	5.2%	24.3%	2.7%	0.6%	-46.7M	77.4M	-9.0M	1.76	2.29	14,232	25,026	113,433	292,411
2018-08-22	$167.16	$164.00	23.6%	6.8%	26.4%	6.9%	25.6%	2.2%	0.3%	-32.8M	-159.2M	-8.7M	3.83	5.15	5,873	22,477	114,883	294,388
2018-08-23	$166.00	$164.00	24.1%	6.9%	26.4%	9.4%	24.6%	2.1%	0.3%	-36.6M	-87.3M	-8.8M	4.78	2.38	3,715	17,758	116,259	294,551
2018-08-24	$168.24	$164.00	23.3%	6.6%	25.9%	5.2%	23.4%	2.0%	0.4%	-21.6M	-253.4M	-8.5M	3.60	2.04	5,528	19,888	117,062	297,699
2018-08-27	$168.72	$164.00	23.6%	6.7%	25.1%	6.6%	23.8%	2.6%	-0.0%	-25.7M	-283.6M	-8.3M	3.91	2.08	3,714	14,533	117,347	294,802
2018-08-28	$167.20	$164.00	24.2%	6.9%	25.2%	9.7%	24.9%	2.7%	0.2%	-32.0M	-174.8M	-8.4M	2.11	1.94	10,320	21,811	117,871	294,981
2018-08-29	$170.24	$166.00	23.2%	6.6%	25.3%	4.5%	22.9%	2.6%	0.3%	-17.8M	-388.4M	-8.2M	4.70	1.97	9,007	42,290	125,124	302,642
2018-08-30	$170.60	$166.00	24.1%	6.9%	25.3%	9.3%	25.0%	2.6%	0.2%	-18.3M	-376.2M	-8.5M	3.90	3.71	6,145	23,954	128,895	304,022
2018-08-31	$169.16	$166.00	23.5%	6.7%	25.2%	6.5%	24.7%	2.7%	0.3%	-29.2M	-264.5M	-8.6M	3.00	2.47	5,178	15,511	130,813	310,386