XOP Options History — February 2019

In February 2019, XOP traded between $113.20 and $125.12. ATM implied volatility averaged 30.4%, placing in the 22.7% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded below realized volatility by 0.7% (HV 20d: 31.1%). Max pain ranged from $128.00 to $140.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 1.11.

Notable Days

  • 2019-02-11: Highest Volume — 90,878 contracts
  • 2019-02-07: Largest IV spike — 10.0% change
  • 2019-02-07: Highest IV Rank — 29.3%
  • 2019-02-08: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$120.49$113.20$125.12$122.80$119.04
Max Pain$130.74$128.00$140.00$140.00$128.00
ATM IV30.4%28.4%32.6%29.1%30.3%
Expected Move8.7%8.0%9.5%8.3%8.4%
HV 20d31.1%26.8%34.2%33.4%29.8%
HV 60d40.8%40.0%41.8%41.8%40.0%
IV Rank22.7%17.0%29.3%19.0%22.4%
IV Percentile52.8%35.3%71.0%41.7%52.8%
Term Structure0.2%-0.5%1.0%-0.2%0.0%
VWIV29.5%27.2%33.5%27.9%29.5%
Skew 25d4.3%3.2%5.6%4.3%3.9%
Skew 10d7.8%5.9%8.9%7.4%7.9%
Call IV 25d28.5%26.7%31.1%27.0%28.9%
Put IV 25d32.7%30.9%36.4%31.2%32.8%
Bid-Ask Spread %2.011.472.822.021.73
Gamma HHI0.130.100.330.110.12
Net GEX-36.3M-97.0M-8.8M-42.1M-39.8M
Net DEX1.31B758.1M2.20B1.16B1.46B
Net VEX-10.7M-11.1M-10.1M-10.9M-10.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.303.190.481.52
Total Volume30,524.63210,48490,87834,86021,894
Total OI637,523.632584,748701,698616,081622,526

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-02-01$122.80$140.0029.1%8.3%33.4%19.0%27.9%4.3%-0.2%-42.1M1.16B-10.9M0.482.0223,47811,382181,044435,037
2019-02-04$123.44$136.0028.7%8.3%28.3%17.8%27.2%4.2%-0.2%-30.1M1.02B-10.8M1.292.3810,07112,993193,376428,131
2019-02-05$121.80$136.0029.7%8.8%26.9%20.6%29.1%4.1%1.0%-33.1M1.21B-10.8M1.322.2112,85417,028200,004432,370
2019-02-06$120.72$136.0029.7%8.7%26.8%20.5%28.5%3.2%1.0%-35.9M1.35B-10.8M0.332.1214,6484,877212,389435,721
2019-02-07$115.28$136.0032.6%9.4%30.1%29.3%31.8%4.8%-0.0%-56.4M2.00B-10.2M1.232.2023,82629,312215,359437,990
2019-02-08$113.20$132.0032.6%9.5%30.4%29.2%33.5%5.6%0.5%-65.0M2.20B-10.1M3.192.2211,04035,198222,680444,254
2019-02-11$115.24$132.0032.0%9.2%31.3%27.4%31.8%4.8%0.2%-55.4M1.90B-10.2M0.681.7254,09536,783223,421436,634
2019-02-12$116.56$128.0032.5%9.3%31.7%28.8%30.4%4.8%0.1%-49.0M1.79B-10.8M0.801.4910,5138,429230,060456,049
2019-02-13$119.36$128.0030.3%8.7%32.8%22.5%30.8%4.3%0.7%-30.9M1.49B-11.0M1.952.105,19310,149235,300460,236
2019-02-14$121.40$128.0030.5%8.8%33.4%22.9%29.3%4.0%-0.5%-22.6M1.23B-11.1M1.101.4714,46815,925236,095462,397
2019-02-15$123.96$128.0029.1%8.3%34.2%18.8%28.2%4.0%1.0%-97.0M829.7M-11.1M0.462.1021,2609,787236,330465,368
2019-02-19$123.76$128.0029.3%8.4%33.5%19.5%30.0%4.1%0.3%-11.9M879.5M-10.9M1.401.924,3766,108194,622390,126
2019-02-20$125.12$128.0028.4%8.0%30.3%17.0%27.7%4.1%-0.2%-8.8M758.1M-10.9M0.582.2012,6167,265194,378392,996
2019-02-21$121.20$128.0030.0%8.5%32.0%21.7%28.9%4.2%-0.0%-26.5M1.18B-10.8M0.302.8221,1916,365199,731398,619
2019-02-22$122.48$128.0029.9%8.4%32.2%21.1%28.9%3.9%0.2%-22.2M1.01B-11.0M0.551.8413,7937,550208,545400,675
2019-02-25$122.52$128.0030.2%8.7%31.3%22.0%30.3%4.4%0.4%-13.5M1.01B-10.7M2.632.034,53811,918205,014398,935
2019-02-26$120.52$128.0031.1%8.6%31.0%24.9%28.2%4.3%-0.5%-24.9M1.24B-10.6M0.721.8517,28412,434207,157398,532
2019-02-27$120.84$128.0031.1%8.9%30.9%24.9%28.7%4.3%0.4%-24.0M1.24B-10.9M0.551.7625,31414,013212,557408,291
2019-02-28$119.04$128.0030.3%8.4%29.8%22.4%29.5%3.9%0.0%-39.8M1.46B-10.8M1.521.738,70013,194209,394413,132