XOP Options History — January 2019

In January 2019, XOP traded between $108.20 and $126.20. ATM implied volatility averaged 35.0%, placing in the 36.2% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded below realized volatility by 9.9% (HV 20d: 44.9%). Max pain ranged from $124.00 to $140.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 2.20.

Notable Days

  • 2019-01-02: Highest Volume — 87,277 contracts
  • 2019-01-22: Largest IV spike — 13.6% change
  • 2019-01-03: Highest IV Rank — 66.1%
  • 2019-01-02: Largest Expected Move — 13.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$120.12$108.20$126.20$108.20$121.40
Max Pain$125.33$124.00$140.00$136.00$140.00
ATM IV35.0%28.7%45.1%44.5%30.4%
Expected Move10.1%8.2%13.6%13.6%8.9%
HV 20d44.9%30.5%54.6%49.6%33.4%
HV 60d43.0%41.7%43.9%41.7%42.1%
IV Rank36.2%17.6%66.1%64.3%22.8%
IV Percentile72.8%40.1%95.2%94.8%52.8%
Term Structure-0.3%-1.5%0.4%-0.5%0.1%
VWIV35.4%29.1%48.9%48.9%30.1%
Skew 25d4.6%3.6%6.0%5.6%3.7%
Skew 10d8.5%5.9%10.7%10.7%5.9%
Call IV 25d32.7%27.4%42.6%41.6%28.7%
Put IV 25d37.4%31.2%47.9%47.2%32.5%
Bid-Ask Spread %1.741.282.202.001.50
Gamma HHI0.130.090.170.100.12
Net GEX-63.9M-95.7M-29.7M-65.0M-43.2M
Net DEX1.55B799.6M3.39B3.39B1.28B
Net VEX-10.0M-10.9M-8.4M-8.4M-10.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.200.597.992.092.03
Total Volume33,464.2388,64487,27787,27737,804
Total OI706,279.952497,852821,597781,484602,460

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-01-02$108.20$136.0044.5%13.6%49.6%64.3%48.9%5.6%-0.5%-65.0M3.39B-8.4M2.092.0028,26059,017240,184541,300
2019-01-03$108.48$124.0045.1%12.8%49.1%66.1%44.8%5.3%-0.2%-62.3M3.32B-8.9M1.701.736,94411,802256,768544,493
2019-01-04$114.48$124.0041.8%11.8%54.0%56.4%41.0%6.0%-0.4%-67.2M2.47B-9.7M0.671.7328,88319,338262,062517,939
2019-01-07$118.20$124.0040.9%11.5%54.6%53.6%41.3%5.2%-0.7%-69.8M1.80B-10.1M0.842.115,7584,849264,950494,511
2019-01-08$119.56$124.0039.5%11.3%54.4%49.5%39.9%5.1%-0.3%-72.3M1.64B-10.2M3.441.6812,69543,665269,916498,892
2019-01-09$122.36$124.0037.5%10.5%51.8%43.8%38.6%4.8%-1.1%-77.2M1.27B-10.5M1.721.5414,91925,605277,955513,708
2019-01-10$122.96$124.0035.6%10.1%51.8%38.1%35.1%5.1%-0.8%-85.2M1.25B-10.6M0.921.6110,4659,578276,266524,650
2019-01-11$121.80$124.0034.3%9.9%51.8%34.1%34.6%4.8%0.4%-87.4M1.47B-10.3M1.621.4610,32016,766277,497527,806
2019-01-14$121.80$124.0034.7%10.0%51.7%35.5%35.6%4.8%-1.5%-91.2M1.49B-9.9M4.911.696,57232,280275,552530,972
2019-01-15$123.12$124.0033.3%9.6%48.3%31.3%33.5%4.8%-0.7%-95.7M1.30B-10.0M0.861.6910,0388,613276,600532,673
2019-01-16$123.36$124.0032.7%9.4%46.5%29.6%33.0%4.8%-1.0%-95.5M1.26B-9.8M0.721.406,5464,694277,706535,156
2019-01-17$123.88$124.0031.7%9.1%45.7%26.5%32.3%4.3%-0.2%-87.3M1.16B-9.8M0.981.288,8648,718280,169534,930
2019-01-18$126.20$124.0028.7%8.2%44.6%17.6%29.1%3.8%0.4%-29.7M799.6M-9.6M0.591.3615,8269,274284,205537,392
2019-01-22$121.20$124.0032.6%9.4%45.3%29.1%32.0%3.6%-0.3%-41.1M1.09B-9.4M3.272.2012,52941,003146,569351,283
2019-01-23$119.24$124.0033.0%9.8%44.4%30.4%32.8%4.2%-0.2%-50.7M1.35B-9.8M1.892.2016,08230,464151,238373,004
2019-01-24$119.64$124.0032.7%9.6%40.5%29.4%32.6%4.0%0.1%-47.9M1.32B-10.2M2.671.797,54420,178164,019380,196
2019-01-25$122.20$124.0030.8%9.1%30.5%23.9%31.7%4.4%0.2%-35.9M1.09B-10.2M4.001.9610,96943,910166,773389,104
2019-01-28$119.76$124.0032.4%9.8%32.0%28.6%33.5%4.5%0.1%-48.7M1.41B-10.3M7.991.969617,683165,448396,123
2019-01-29$120.80$124.0032.3%9.7%31.6%28.2%32.6%4.3%0.2%-48.7M1.36B-10.9M1.781.684,7048,356167,129427,128
2019-01-30$123.88$124.0030.2%9.0%32.2%22.3%31.0%4.0%0.4%-39.5M993.5M-10.8M1.461.9816,37723,896170,134427,019
2019-01-31$121.40$140.0030.4%8.9%33.4%22.8%30.1%3.7%0.1%-43.2M1.28B-10.8M2.031.5012,48925,315174,510427,950