XOP Options History — March 2019

In March 2019, XOP traded between $112.24 and $125.76. ATM implied volatility averaged 29.8%, placing in the 20.8% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded below realized volatility by 1.9% (HV 20d: 31.6%). Max pain ranged from $116.00 to $128.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.26.

Notable Days

  • 2019-03-08: Highest Volume — 122,637 contracts
  • 2019-03-22: Largest IV spike — 13.3% change
  • 2019-03-08: Highest IV Rank — 30.6%
  • 2019-03-08: Largest Expected Move — 9.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$120.45$112.24$125.76$121.28$123.16
Max Pain$120.19$116.00$128.00$128.00$116.00
ATM IV29.8%27.6%33.1%28.7%28.7%
Expected Move8.5%7.6%9.4%7.7%8.5%
HV 20d31.6%29.6%34.7%29.8%33.6%
HV 60d36.5%32.0%39.5%39.5%32.0%
IV Rank20.8%14.3%30.6%17.8%17.7%
IV Percentile47.2%27.4%75.8%38.5%36.1%
Term Structure0.1%-1.2%1.4%0.5%0.7%
VWIV29.7%26.4%34.1%27.8%29.8%
Skew 25d4.1%2.6%5.2%4.8%4.0%
Skew 10d8.1%5.5%10.1%8.2%8.1%
Call IV 25d27.9%25.7%30.9%26.7%26.7%
Put IV 25d32.0%29.4%36.1%31.5%30.7%
Bid-Ask Spread %2.611.4910.021.492.24
Gamma HHI0.120.110.150.110.14
Net GEX-29.1M-61.7M-8.1M-28.5M-20.9M
Net DEX1.07B176.3M2.21B1.23B544.6M
Net VEX-11.8M-12.9M-10.1M-11.0M-12.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.174.522.360.96
Total Volume32,197.3817,640122,63733,96418,889
Total OI629,019.238531,929732,015634,852609,679

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-03-01$121.28$128.0028.7%7.7%29.8%17.8%27.8%4.8%0.5%-28.5M1.23B-11.0M2.361.4910,11923,845215,345419,507
2019-03-04$122.20$128.0029.8%8.2%29.7%21.1%27.4%4.3%-0.2%-22.9M1.14B-10.9M0.561.857,4584,166213,453418,451
2019-03-05$121.36$128.0029.5%7.6%29.7%20.0%26.4%4.1%0.3%-29.9M1.26B-10.8M0.651.894,6193,021214,643419,795
2019-03-06$118.04$128.0031.1%8.5%30.9%24.8%30.5%4.3%-0.0%-47.2M1.63B-10.6M0.821.5813,57111,189217,327421,909
2019-03-07$116.60$128.0031.6%8.9%31.0%26.4%32.0%4.3%0.1%-50.9M1.78B-10.5M1.791.747,27313,009227,219425,744
2019-03-08$112.24$128.0033.1%9.4%29.6%30.6%34.1%5.2%-0.1%-61.7M2.21B-10.1M4.5210.0222,222100,415231,289428,223
2019-03-11$114.48$124.0030.8%8.8%29.8%23.8%30.5%4.2%-0.3%-56.4M1.98B-10.8M0.172.8434,6045,974234,061447,917
2019-03-12$117.72$124.0030.0%8.9%30.8%21.4%31.0%4.2%0.7%-39.9M1.62B-11.4M0.842.9215,96913,375247,907451,666
2019-03-13$120.12$116.0029.1%8.5%31.3%18.8%29.7%4.0%0.0%-27.0M1.27B-11.6M3.092.7115,06146,479256,648455,170
2019-03-14$120.60$116.0027.9%8.4%30.2%15.4%28.0%3.5%0.9%-30.6M1.23B-12.0M0.982.2012,28611,987262,639468,513
2019-03-15$119.40$116.0027.6%8.2%29.8%14.3%28.9%3.6%1.4%-32.0M1.59B-11.9M1.092.3218,99020,741256,654475,361
2019-03-18$122.24$116.0028.1%8.1%30.1%16.0%28.9%2.9%0.1%-20.0M561.1M-12.1M0.402.2318,5917,422167,019364,910
2019-03-19$120.12$116.0029.4%8.5%30.6%19.9%30.5%2.6%-1.2%-22.1M733.7M-12.1M3.182.499,03628,753177,860368,490
2019-03-20$124.80$116.0028.4%8.3%33.5%16.8%29.2%3.6%-0.1%-10.0M299.6M-12.6M0.912.5416,36214,930180,319384,943
2019-03-21$125.76$116.0027.8%8.3%31.4%15.1%27.9%3.3%-0.1%-8.1M176.3M-12.6M0.341.8421,2137,175185,325390,677
2019-03-22$120.84$116.0031.5%9.1%34.5%25.9%30.3%4.4%-1.1%-25.9M787.2M-12.9M0.772.5422,62917,456195,737392,159
2019-03-25$120.24$116.0031.6%9.0%34.5%26.2%31.0%4.5%0.1%-28.0M863.6M-12.8M0.662.816,7844,472195,357394,484
2019-03-26$122.48$116.0030.5%8.7%34.7%23.1%31.0%4.2%0.3%-17.1M573.2M-12.8M0.552.157,3434,073198,336396,289
2019-03-27$122.48$116.0030.3%8.7%34.7%22.3%29.5%4.7%0.1%-17.4M586.4M-12.7M1.052.086,9717,313198,862397,246
2019-03-28$123.24$116.0029.4%8.7%34.2%19.8%29.6%4.8%0.7%-14.0M494.8M-12.7M0.842.4221,98818,372201,627400,644
2019-03-29$123.16$116.0028.7%8.5%33.6%17.7%29.8%4.0%0.7%-20.9M544.6M-12.7M0.962.249,6279,262198,833410,846