XOP Options History — July 2019

In July 2019, XOP traded between $95.04 and $108.76. ATM implied volatility averaged 30.0%, placing in the 21.6% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded below realized volatility by 0.5% (HV 20d: 30.5%). Max pain ranged from $104.00 to $112.00. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 2.06.

Notable Days

  • 2019-07-18: Highest Volume — 85,161 contracts
  • 2019-07-10: Largest IV drop — 7.5% change
  • 2019-07-31: Highest IV Rank — 29.3%
  • 2019-07-31: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$102.07$95.04$108.76$108.76$100.72
Max Pain$106.55$104.00$112.00$112.00$104.00
ATM IV30.0%28.0%32.6%30.9%32.6%
Expected Move8.6%8.0%9.5%8.7%9.5%
HV 20d30.5%27.9%33.9%31.9%31.6%
HV 60d32.9%32.3%33.8%33.0%33.8%
IV Rank21.6%15.5%29.3%24.2%29.3%
IV Percentile42.0%24.6%62.7%53.2%62.7%
Term Structure-0.1%-1.2%1.0%0.4%-1.1%
VWIV29.9%27.9%34.1%31.0%32.5%
Skew 25d3.4%2.7%4.3%3.4%4.3%
Skew 10d6.4%5.4%7.8%6.9%6.7%
Call IV 25d28.6%26.5%30.7%29.8%30.4%
Put IV 25d32.0%29.4%34.7%33.2%34.7%
Bid-Ask Spread %2.471.808.492.088.49
Gamma HHI0.190.160.240.160.16
Net GEX-63.0M-77.4M-45.0M-45.0M-55.6M
Net DEX2.01B1.34B2.65B1.34B1.89B
Net VEX-11.3M-12.6M-10.1M-12.6M-12.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.060.568.171.231.87
Total Volume30,986.56,01185,16119,91028,375
Total OI657,269.136623,789707,789638,925697,654

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-07-01$108.76$112.0030.9%8.7%31.9%24.2%31.0%3.4%0.4%-45.0M1.34B-12.6M1.232.088,94010,970207,332431,593
2019-07-02$104.60$112.0031.3%8.8%33.9%25.3%30.3%3.5%0.3%-59.5M1.84B-11.9M1.432.7417,44025,015208,361433,913
2019-07-03$104.60$112.0031.0%8.6%31.3%24.5%29.8%3.0%0.2%-61.4M1.85B-12.0M1.252.578,53410,677213,005442,080
2019-07-05$105.48$108.0030.0%8.8%31.2%21.5%30.6%3.1%0.0%-67.1M1.78B-12.0M1.252.077,7329,630214,677446,191
2019-07-08$104.72$108.0030.6%8.7%31.3%23.3%30.5%3.7%-0.1%-60.4M1.82B-11.6M2.011.823,1456,333201,482434,570
2019-07-09$104.76$108.0030.2%8.6%31.1%22.2%29.7%3.9%-0.3%-60.8M1.83B-11.5M1.612.002,3063,705202,109437,627
2019-07-10$107.36$108.0028.0%8.0%32.2%15.5%28.3%3.4%-0.2%-49.2M1.55B-11.8M1.352.6020,67527,840203,562438,749
2019-07-11$105.80$108.0028.5%8.4%29.3%17.1%28.6%3.4%1.0%-53.6M1.70B-11.7M1.602.7415,85425,387212,672439,180
2019-07-12$106.96$108.0028.0%8.0%28.7%15.7%27.9%2.9%-0.5%-53.2M1.57B-11.8M0.561.8526,33214,875213,823441,298
2019-07-15$103.56$108.0029.3%8.4%30.5%19.5%29.4%3.5%-0.3%-66.6M1.94B-11.3M1.921.8011,36021,775214,867438,189
2019-07-16$102.04$108.0029.2%8.4%30.3%19.3%29.2%3.3%0.6%-76.6M2.17B-11.0M2.581.886,81617,617217,145448,065
2019-07-17$98.76$104.0030.2%8.7%31.0%22.3%29.6%3.3%0.5%-77.4M2.49B-10.4M3.372.057,50825,272220,754452,626
2019-07-18$97.80$104.0031.3%9.0%31.1%25.4%29.9%3.4%-1.2%-73.0M2.51B-10.1M8.172.239,28475,877224,059446,872
2019-07-19$99.20$104.0029.8%8.6%29.0%21.1%29.3%3.4%-0.0%-70.3M2.44B-11.0M0.942.0313,06512,218230,715477,074
2019-07-22$99.44$104.0029.9%8.7%29.1%21.3%30.1%4.0%-0.1%-64.5M2.10B-10.9M0.751.897,8495,864187,703436,086
2019-07-23$100.40$104.0029.3%8.5%29.2%19.4%29.5%3.7%0.1%-65.0M2.03B-11.0M0.971.8710,83410,464192,758439,091
2019-07-24$100.92$104.0028.8%8.4%29.2%18.1%29.0%2.8%0.1%-62.3M1.95B-11.2M2.181.998,78919,122199,349442,486
2019-07-25$97.92$104.0029.7%8.5%28.3%20.5%28.7%3.3%-0.2%-70.6M2.29B-10.5M1.972.559,60618,950202,263445,839
2019-07-26$96.92$104.0029.6%8.5%28.3%20.5%29.2%2.8%0.1%-65.7M2.40B-10.4M5.032.059,23446,474208,502452,529
2019-07-29$95.04$104.0030.3%8.9%27.9%22.3%31.3%3.4%-0.5%-69.5M2.65B-10.7M1.871.899,43117,619207,338477,033
2019-07-30$99.72$104.0031.8%9.4%33.9%26.7%34.1%2.7%-0.8%-58.8M2.00B-11.7M1.483.0913,29219,618213,458465,242
2019-07-31$100.72$104.0032.6%9.5%31.6%29.3%32.5%4.3%-1.1%-55.6M1.89B-12.1M1.878.499,89918,476221,608476,046