XOP Options History — April 2019

In April 2019, XOP traded between $120.80 and $131.68. ATM implied volatility averaged 29.5%, placing in the 20.0% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded below realized volatility by 0.8% (HV 20d: 30.3%). Max pain ranged from $116.00 to $124.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.86.

Notable Days

  • 2019-04-26: Highest Volume — 118,074 contracts
  • 2019-04-24: Largest IV spike — 7.1% change
  • 2019-04-26: Highest IV Rank — 23.9%
  • 2019-04-29: Largest Expected Move — 9.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$126.78$120.80$131.68$124.60$123.72
Max Pain$123.62$116.00$124.00$116.00$124.00
ATM IV29.5%27.8%30.8%28.3%29.9%
Expected Move8.6%7.9%9.2%8.3%9.0%
HV 20d30.3%26.4%33.8%33.8%28.7%
HV 60d30.7%30.0%32.1%32.1%30.3%
IV Rank20.0%15.0%23.9%16.5%21.3%
IV Percentile46.0%27.8%61.9%32.5%50.8%
Term Structure0.1%-0.8%1.3%0.3%-0.1%
VWIV29.5%27.3%31.2%29.6%30.7%
Skew 25d3.8%3.1%4.8%4.8%3.3%
Skew 10d6.8%5.6%8.8%8.1%5.7%
Call IV 25d27.7%26.1%29.4%26.1%28.6%
Put IV 25d31.5%29.5%33.0%30.9%31.8%
Bid-Ask Spread %2.561.659.352.331.87
Gamma HHI0.130.100.170.150.12
Net GEX26.4M-29.5M74.2M-4.9M7.0M
Net DEX27.5M-698.7M857.8M362.5M689.1M
Net VEX-13.6M-14.8M-12.3M-12.3M-13.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.860.142.482.370.43
Total Volume46,610.09513,716118,07426,57424,779
Total OI713,332.19603,288794,566603,288751,993

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-04-01$124.60$116.0028.3%8.3%33.8%16.5%29.6%4.8%0.3%-4.9M362.5M-12.3M2.372.337,89118,683196,932406,356
2019-04-02$123.56$124.0028.8%8.4%33.8%18.0%29.2%4.1%0.4%-11.2M513.8M-12.6M0.422.7526,82611,189200,529413,769
2019-04-03$120.80$124.0030.3%8.7%33.3%22.5%29.0%4.5%-0.0%-29.5M857.8M-12.7M1.072.2221,88323,498214,114417,900
2019-04-04$122.80$124.0029.5%8.4%33.3%20.1%29.8%4.3%0.6%-4.9M568.2M-12.9M1.431.9717,58825,084228,232423,550
2019-04-05$126.96$124.0028.2%8.1%31.3%16.2%27.3%3.1%0.3%15.9M-133.1M-12.8M0.322.5250,42116,104234,325425,096
2019-04-08$128.00$124.0029.4%8.5%30.9%19.9%28.7%4.5%0.2%31.3M-249.5M-13.0M0.142.3371,23010,305244,498424,691
2019-04-09$125.64$124.0030.4%9.0%30.9%22.7%29.6%4.4%0.9%30.7M33.3M-13.7M2.482.3629,63473,468286,680435,339
2019-04-10$127.52$124.0030.0%8.7%30.6%21.7%30.0%3.7%0.4%46.7M-243.4M-14.8M1.922.2111,76422,553301,605484,311
2019-04-11$125.52$124.0030.1%8.9%31.3%22.0%29.9%3.5%1.3%31.9M91.2M-14.5M1.282.0819,63125,032304,406466,950
2019-04-12$129.64$124.0029.2%8.5%32.7%19.2%30.6%3.6%0.9%73.5M-698.7M-14.3M1.082.0839,20242,189309,944473,307
2019-04-15$128.24$124.0029.5%8.5%32.3%20.0%30.1%3.7%-0.1%52.6M-320.8M-14.1M0.612.628,5205,196300,013473,600
2019-04-16$128.96$124.0029.2%8.4%31.4%19.2%28.6%3.4%0.2%59.5M-439.3M-13.9M0.372.6318,0406,672300,807476,001
2019-04-17$128.60$124.0028.9%8.3%28.7%18.5%29.0%3.4%0.3%74.2M-450.9M-14.0M0.309.3516,9025,022312,505478,743
2019-04-18$127.52$124.0027.8%7.9%28.8%15.0%27.6%3.5%0.4%16.6M-160.6M-13.9M0.261.6523,3806,130314,288480,278
2019-04-22$131.68$124.0028.5%8.2%26.6%17.1%29.0%4.0%-0.6%36.6M-400.8M-13.5M0.881.9315,48513,559252,335409,978
2019-04-23$131.64$124.0028.5%8.2%26.4%17.1%28.6%3.5%-0.4%41.2M-436.2M-13.6M0.342.1339,00013,288261,047415,089
2019-04-24$129.60$124.0030.5%8.9%26.8%23.1%30.6%3.4%-0.6%37.3M-170.1M-14.0M0.782.7922,55317,694276,115416,345
2019-04-25$127.64$124.0030.2%8.7%27.5%22.1%30.0%3.4%-0.8%28.4M108.2M-14.0M0.891.9122,68820,229285,871416,554
2019-04-26$124.80$124.0030.8%9.0%28.8%23.9%30.5%3.6%-0.8%7.0M535.3M-14.0M0.391.9385,10932,965297,926423,956
2019-04-29$124.96$124.0030.6%9.2%28.8%23.4%31.2%3.3%-0.0%13.7M522.4M-14.0M0.252.0613,8943,532315,630428,368
2019-04-30$123.72$124.0029.9%9.0%28.7%21.3%30.7%3.3%-0.1%7.0M689.1M-13.8M0.431.8717,3047,475329,913422,080