XOP Options History — May 2019

In May 2019, XOP traded between $102.40 and $120.64. ATM implied volatility averaged 32.8%, placing in the 29.7% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 1.1% (HV 20d: 31.7%). Max pain ranged from $124.00 to $128.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.11.

Notable Days

  • 2019-05-23: Highest Volume — 166,788 contracts
  • 2019-05-23: Largest IV spike — 16.5% change
  • 2019-05-31: Highest IV Rank — 46.2%
  • 2019-05-31: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$115.03$102.40$120.64$120.44$102.40
Max Pain$124.55$124.00$128.00$124.00$124.00
ATM IV32.8%29.0%38.4%30.5%38.4%
Expected Move9.5%8.3%11.1%9.1%11.1%
HV 20d31.7%27.3%37.3%30.1%36.2%
HV 60d31.3%29.7%33.7%30.8%33.5%
IV Rank29.7%18.7%46.2%23.0%46.2%
IV Percentile66.3%34.1%84.5%58.7%84.5%
Term Structure0.1%-0.7%1.6%-0.0%-0.4%
VWIV32.6%27.7%37.4%29.9%37.4%
Skew 25d4.5%2.7%5.8%3.4%5.8%
Skew 10d8.1%4.7%11.0%4.7%9.4%
Call IV 25d30.5%26.8%35.3%28.9%35.3%
Put IV 25d35.0%31.4%41.1%32.2%41.1%
Bid-Ask Spread %2.301.494.303.041.82
Gamma HHI0.130.100.180.110.15
Net GEX-50.8M-81.6M-19.7M-25.3M-73.2M
Net DEX1.73B1.14B2.89B1.18B2.89B
Net VEX-12.7M-13.6M-11.4M-13.4M-11.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.093.300.091.07
Total Volume44,165.57,216166,788107,34247,527
Total OI783,119.318674,251858,239765,225774,259

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$120.44$124.0030.5%9.1%30.1%23.0%29.9%3.4%-0.0%-25.3M1.18B-13.4M0.093.0498,7538,589338,252426,973
2019-05-02$116.40$124.0032.3%9.8%31.5%28.3%33.4%2.8%-0.3%-43.2M1.68B-12.9M0.582.0738,08821,995350,222429,861
2019-05-03$118.92$124.0030.6%9.1%31.9%23.4%31.8%2.7%-0.1%-22.6M1.35B-13.4M1.702.1013,14422,287372,502441,145
2019-05-06$119.60$128.0031.5%9.2%29.3%26.0%31.3%3.3%0.3%-19.7M1.23B-13.3M0.281.7015,0024,167368,471439,580
2019-05-07$117.56$128.0034.8%10.0%29.4%35.7%33.8%5.0%-0.2%-33.7M1.51B-13.2M0.682.7110,2466,921375,274440,437
2019-05-08$119.44$128.0033.7%9.8%29.7%32.3%32.8%5.6%0.3%-19.8M1.25B-13.5M0.762.2517,41013,280378,154442,460
2019-05-09$118.88$124.0035.1%9.8%29.0%36.6%35.6%5.1%-0.5%-23.7M1.31B-13.6M1.612.2917,53428,266387,053448,800
2019-05-10$118.92$124.0032.2%9.2%28.6%28.0%32.0%4.0%0.2%-32.7M1.40B-13.5M1.524.3015,27623,182394,586463,653
2019-05-13$115.20$124.0035.5%10.2%27.3%37.9%34.9%5.4%0.5%-59.2M1.86B-12.8M0.572.4729,39616,631369,751457,511
2019-05-14$117.88$124.0032.3%9.6%29.0%28.3%31.9%4.9%1.3%-52.2M1.52B-13.0M0.442.0234,73115,266366,742463,551
2019-05-15$119.72$124.0030.5%9.0%29.7%22.9%30.4%4.9%0.6%-45.2M1.31B-13.2M1.141.4914,38316,402367,746466,396
2019-05-16$120.64$124.0029.8%8.7%30.0%20.9%29.4%3.7%0.7%-38.9M1.14B-13.2M1.661.965,5749,234376,975471,699
2019-05-17$117.88$124.0030.0%8.8%30.7%21.5%29.8%3.7%1.6%-51.3M1.56B-13.0M1.242.2516,62920,594379,090473,966
2019-05-20$116.84$124.0031.1%8.9%27.7%24.7%30.6%4.4%0.0%-58.9M1.48B-12.6M0.801.704,0013,215233,438440,813
2019-05-21$119.60$124.0029.0%8.3%29.5%18.7%27.7%4.9%0.1%-47.5M1.17B-12.7M0.392.8313,7305,413235,426444,767
2019-05-22$115.08$124.0029.6%8.5%31.7%20.5%30.1%4.4%0.0%-72.1M1.71B-12.3M1.061.6124,83226,281240,469446,993
2019-05-23$108.16$124.0034.5%9.9%37.3%34.9%34.2%4.6%-0.6%-79.1M2.43B-11.5M3.303.8538,754128,034249,912455,585
2019-05-24$108.24$124.0032.9%9.5%37.1%30.1%33.2%5.0%-0.7%-81.6M2.43B-12.0M1.622.1820,66333,427266,690478,811
2019-05-28$106.92$124.0034.9%10.1%37.0%36.1%35.2%5.0%-0.5%-81.2M2.51B-11.9M1.951.924,9849,733261,454486,461
2019-05-29$107.36$124.0035.3%10.2%37.2%37.1%36.1%5.6%-0.4%-79.9M2.46B-12.2M0.772.0426,59220,530265,628487,993
2019-05-30$104.64$124.0036.4%10.7%37.1%40.5%36.2%5.5%-0.5%-76.9M2.69B-11.8M1.242.0813,81617,129276,674492,402
2019-05-31$102.40$124.0038.4%11.1%36.2%46.2%37.4%5.8%-0.4%-73.2M2.89B-11.4M1.071.8222,93124,596276,927497,332