XOP Options History — October 2018

In October 2018, XOP traded between $136.92 and $178.16. ATM implied volatility averaged 32.3%, placing in the 52.2% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded above realized volatility by 7.1% (HV 20d: 25.2%). Max pain ranged from $160.00 to $176.00. Net GEX was positive for 7 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 2.73.

Notable Days

2018-10-18: Highest Volume — 91,282 contracts
2018-10-10: Largest IV spike — 15.2% change
2018-10-29: Highest IV Rank — 100.0%
2018-10-29: Largest Expected Move — 13.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$161.20	$136.92	$178.16	$174.48	$145.04
Max Pain	$170.26	$160.00	$176.00	$168.00	$160.00
ATM IV	32.3%	25.0%	41.9%	25.0%	37.2%
Expected Move	9.6%	7.1%	13.5%	7.2%	11.7%
HV 20d	25.2%	17.7%	35.6%	20.5%	35.6%
HV 60d	23.9%	21.1%	29.1%	21.8%	29.1%
IV Rank	52.2%	14.2%	100.0%	14.2%	75.7%
IV Percentile	77.4%	24.2%	100.0%	24.2%	97.2%
Term Structure	-0.5%	-1.9%	0.7%	0.7%	-0.2%
VWIV	33.9%	25.0%	45.9%	25.0%	41.7%
Skew 25d	3.7%	1.8%	5.2%	1.8%	5.2%
Skew 10d	6.3%	3.2%	9.9%	3.2%	8.8%
Call IV 25d	31.0%	24.3%	39.7%	24.7%	35.3%
Put IV 25d	34.6%	26.6%	44.8%	26.6%	40.5%
Bid-Ask Spread %	3.85	2.29	11.27	3.85	4.71
Gamma HHI	0.11	0.09	0.26	0.11	0.09
Net GEX	-46.1M	-118.4M	26.4M	14.4M	-87.3M
Net DEX	557.9M	-1.03B	2.54B	-759.9M	1.90B
Net VEX	-9.5M	-11.5M	-7.8M	-7.8M	-11.5M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.73	0.73	5.62	2.11	4.80
Total Volume	44,310.739	11,738	91,282	26,283	72,177
Total OI	512,450.217	449,868	584,602	449,868	584,602

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
2018-10-01	$174.48	$168.00	25.0%	7.2%	20.5%	14.2%	25.0%	1.8%	0.7%	14.4M	-759.9M	-7.8M	2.11	3.85	8,443	17,840	139,955	309,913
2018-10-02	$173.92	$168.00	25.0%	7.1%	19.9%	14.3%	25.0%	2.5%	0.7%	10.5M	-702.1M	-7.8M	4.22	2.58	8,258	34,822	140,190	309,698
2018-10-03	$178.16	$168.00	25.6%	7.3%	21.3%	17.0%	25.5%	2.3%	0.7%	26.4M	-1.03B	-7.8M	1.82	3.53	17,285	31,504	145,851	320,093
2018-10-04	$174.88	$172.00	28.5%	8.1%	18.9%	32.3%	28.5%	3.3%	-0.6%	4.2M	-688.0M	-8.7M	2.53	2.82	12,162	30,798	154,580	335,793
2018-10-05	$173.96	$176.00	27.4%	8.1%	18.4%	26.6%	27.6%	3.2%	0.0%	8.9M	-605.5M	-8.8M	2.44	2.41	7,008	17,115	160,388	338,827
2018-10-08	$173.60	$176.00	28.0%	8.1%	18.6%	29.8%	28.0%	3.1%	-0.0%	8.7M	-583.4M	-8.6M	3.08	2.50	4,427	13,648	161,158	335,243
2018-10-09	$174.96	$176.00	27.5%	8.0%	17.7%	27.1%	28.2%	3.3%	0.3%	18.4M	-701.8M	-8.5M	1.35	3.85	10,938	14,820	162,186	336,472
2018-10-10	$167.96	$176.00	31.7%	8.9%	23.3%	49.1%	32.8%	2.6%	-0.6%	-31.3M	-8.1M	-9.3M	1.72	4.99	19,481	33,572	163,975	338,424
2018-10-11	$163.28	$176.00	34.4%	9.7%	25.4%	63.6%	34.8%	3.1%	-0.7%	-53.9M	449.8M	-9.8M	3.36	11.27	12,449	41,840	167,304	333,031
2018-10-12	$164.48	$176.00	33.0%	9.3%	25.4%	55.9%	34.0%	4.1%	-0.6%	-53.5M	366.7M	-9.6M	5.62	5.83	9,431	52,992	168,276	338,187
2018-10-15	$165.56	$172.00	32.4%	9.3%	25.5%	52.9%	33.3%	3.5%	-1.9%	-51.5M	261.5M	-9.5M	1.46	2.44	6,029	8,829	167,229	351,492
2018-10-16	$167.60	$172.00	30.0%	8.6%	25.1%	40.5%	30.2%	3.6%	-1.4%	-35.3M	31.5M	-9.1M	0.73	2.99	6,803	4,935	168,071	352,076
2018-10-17	$164.16	$172.00	30.1%	8.6%	25.8%	40.9%	29.2%	3.4%	-1.4%	-59.1M	348.1M	-9.2M	5.20	2.32	6,384	33,194	170,959	352,129
2018-10-18	$161.96	$172.00	31.9%	9.2%	26.1%	50.6%	33.6%	3.7%	-1.7%	-85.1M	631.0M	-9.7M	2.51	3.07	25,975	65,307	171,973	366,859
2018-10-19	$159.88	$172.00	32.3%	9.4%	26.1%	52.5%	34.3%	4.0%	-1.9%	-118.4M	844.6M	-10.2M	1.80	2.29	14,137	25,506	178,620	383,603
2018-10-22	$157.76	$172.00	32.3%	9.7%	24.7%	52.6%	34.1%	3.8%	-0.2%	-70.9M	889.6M	-10.2M	1.69	2.89	7,209	12,167	140,496	349,555
2018-10-23	$152.96	$168.00	34.3%	10.4%	26.0%	62.2%	37.4%	4.6%	-0.4%	-80.0M	1.32B	-10.2M	3.10	2.90	14,406	44,700	141,742	350,994
2018-10-24	$145.60	$168.00	38.2%	11.9%	30.0%	82.9%	42.3%	4.3%	-0.9%	-83.4M	1.97B	-10.5M	2.25	3.23	11,391	25,656	148,694	367,738
2018-10-25	$145.80	$164.00	36.7%	11.3%	29.8%	75.0%	38.5%	4.3%	-0.4%	-88.2M	1.97B	-10.4M	4.93	2.82	12,154	59,923	152,451	372,544
2018-10-26	$143.56	$164.00	39.4%	12.3%	29.5%	89.3%	43.9%	4.4%	-0.7%	-85.3M	2.11B	-10.6M	1.27	3.78	22,295	28,385	155,545	381,859
2018-10-29	$136.92	$164.00	41.9%	13.5%	31.8%	100.0%	45.9%	5.1%	-0.3%	-80.4M	2.54B	-10.3M	2.50	8.03	16,008	40,029	164,131	388,494
2018-10-30	$141.16	$164.00	41.0%	12.9%	35.1%	95.3%	45.8%	5.2%	-0.4%	-87.6M	2.28B	-11.0M	2.22	3.38	17,640	39,075	164,065	400,890
2018-10-31	$145.04	$160.00	37.2%	11.7%	35.6%	75.7%	41.7%	5.2%	-0.2%	-87.3M	1.90B	-11.5M	4.80	4.71	12,451	59,726	173,811	410,791