XOP Options History — November 2018

In November 2018, XOP traded between $130.00 and $151.20. ATM implied volatility averaged 39.8%, placing in the 78.1% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 0.3% (HV 20d: 39.5%). Max pain ranged from $146.00 to $160.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 2.37.

Notable Days

  • 2018-11-14: Highest Volume — 84,782 contracts
  • 2018-11-13: Largest IV spike — 13.8% change
  • 2018-11-13: Highest IV Rank — 100.0%
  • 2018-11-30: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$138.90$130.00$151.20$146.52$130.96
Max Pain$153.33$146.00$160.00$160.00$146.00
ATM IV39.8%32.9%46.2%36.5%41.7%
Expected Move11.7%9.3%13.3%11.6%13.3%
HV 20d39.5%36.1%43.0%36.1%37.1%
HV 60d30.9%29.0%32.9%29.0%32.5%
IV Rank78.1%53.0%100.0%71.9%80.9%
IV Percentile96.7%90.5%100.0%96.0%97.6%
Term Structure-0.9%-3.4%1.5%0.3%-1.4%
VWIV41.1%33.9%47.6%41.5%47.6%
Skew 25d5.4%4.6%6.5%5.0%5.6%
Skew 10d9.5%7.0%12.0%9.9%9.2%
Call IV 25d37.3%31.2%43.6%34.1%39.2%
Put IV 25d42.7%35.9%49.3%39.0%44.8%
Bid-Ask Spread %3.191.857.794.482.35
Gamma HHI0.110.090.160.090.11
Net GEX-105.9M-123.8M-95.0M-98.0M-96.0M
Net DEX2.57B1.47B3.20B1.93B3.00B
Net VEX-12.4M-13.4M-11.7M-12.1M-12.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.370.665.651.741.39
Total Volume48,153.42924,04084,78227,12644,831
Total OI697,637.286614,194775,784614,194767,495

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-11-01$146.52$160.0036.5%11.6%36.1%71.9%41.5%5.0%0.3%-98.0M1.93B-12.1M1.744.489,91517,211174,690439,504
2018-11-02$144.68$160.0036.8%11.5%36.1%73.5%40.6%4.9%1.5%-102.7M2.12B-11.9M4.935.4410,87953,685175,900443,232
2018-11-05$148.56$160.0036.5%10.2%38.2%71.8%35.2%5.2%-0.7%-109.1M1.85B-12.6M1.482.229,70914,331173,224469,495
2018-11-06$147.04$160.0036.9%10.2%37.8%74.2%36.4%4.6%-0.9%-112.3M2.04B-12.5M1.082.1218,97420,487176,071473,092
2018-11-07$151.20$156.0032.9%9.3%37.9%53.0%33.9%4.6%-0.5%-105.3M1.47B-12.0M1.362.4217,77724,263185,417470,971
2018-11-08$145.48$156.0034.3%9.8%38.9%60.6%34.6%5.3%-0.6%-113.0M2.17B-11.7M5.137.7913,50569,286186,511460,517
2018-11-09$146.60$156.0036.4%10.2%38.9%71.5%37.1%5.2%-0.8%-123.8M2.18B-12.8M1.482.7918,30927,023189,458505,278
2018-11-12$140.88$156.0039.6%11.2%40.4%88.1%40.2%4.7%0.1%-112.1M2.69B-12.5M2.472.957,30918,070190,817498,250
2018-11-13$136.68$156.0045.1%12.9%40.4%100.0%45.1%5.7%0.3%-105.4M3.00B-12.3M2.275.1725,76258,380192,671493,353
2018-11-14$137.44$152.0046.2%13.1%40.6%100.0%46.7%5.7%-0.6%-104.4M2.87B-12.9M4.723.6514,83269,950210,789506,272
2018-11-15$139.04$152.0043.1%12.2%41.2%87.0%41.9%5.9%-0.6%-111.5M2.72B-13.4M2.142.8313,33328,494219,169546,372
2018-11-16$139.40$152.0040.5%11.6%41.3%76.0%40.9%5.2%-0.2%-117.7M2.68B-13.3M1.792.2510,88019,487225,470550,314
2018-11-19$137.84$152.0041.6%11.9%41.2%80.5%41.6%6.5%-2.3%-97.1M2.41B-12.9M0.923.4314,04412,859173,515504,633
2018-11-20$132.08$152.0045.2%12.9%42.3%96.0%44.2%6.4%-3.1%-99.3M2.98B-12.3M1.792.5716,49229,461176,588507,694
2018-11-21$135.24$152.0040.8%11.7%40.6%77.1%39.4%6.2%-2.9%-105.4M2.69B-12.5M2.592.5416,33742,248183,056513,705
2018-11-23$130.00$152.0043.8%12.8%42.5%89.8%45.0%5.6%-3.4%-100.6M3.19B-12.0M1.733.3214,50025,136195,163519,512
2018-11-26$132.04$148.0039.8%12.0%43.0%73.0%42.3%5.4%-0.9%-104.1M2.99B-11.9M5.651.859,84955,650196,756519,601
2018-11-27$130.24$148.0039.8%12.2%40.1%73.0%41.5%4.6%-0.8%-106.4M3.20B-11.9M2.142.2510,47622,368198,590532,860
2018-11-28$131.68$148.0039.1%12.2%38.5%70.1%41.7%5.1%-0.8%-105.7M3.04B-12.1M0.662.4930,98820,423206,087535,515
2018-11-29$133.24$146.0039.7%12.4%37.3%72.5%45.3%5.2%-1.4%-95.0M2.73B-12.8M2.272.1216,43637,273227,969534,807
2018-11-30$130.96$146.0041.7%13.3%37.1%80.9%47.6%5.6%-1.4%-96.0M3.00B-12.4M1.392.3518,74026,091229,744537,751