XOP Options History — September 2019

In September 2019, XOP traded between $84.92 and $103.64. ATM implied volatility averaged 38.2%, placing in the 43.9% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 10.4% (HV 20d: 48.6%). Max pain ranged from $88.00 to $100.00. Net GEX was positive for 0 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.98.

Notable Days

  • 2019-09-16: Highest Volume — 176,704 contracts
  • 2019-09-16: Largest IV spike — 26.4% change
  • 2019-09-16: Highest IV Rank — 64.4%
  • 2019-09-16: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$92.90$84.92$103.64$84.92$89.56
Max Pain$92.00$88.00$100.00$100.00$92.00
ATM IV38.2%34.1%45.0%41.5%38.4%
Expected Move11.0%9.9%12.8%12.3%10.9%
HV 20d48.6%40.5%56.0%40.5%51.0%
HV 60d41.8%37.7%44.9%37.7%44.2%
IV Rank43.9%31.4%64.4%54.4%43.9%
IV Percentile74.9%57.5%94.4%88.1%75.4%
Term Structure-0.0%-1.0%1.2%-0.7%-0.4%
VWIV38.5%34.4%45.0%41.4%36.7%
Skew 25d3.8%1.4%7.0%7.0%5.0%
Skew 10d7.4%3.1%13.2%13.2%9.4%
Call IV 25d36.5%31.8%44.1%37.4%36.2%
Put IV 25d40.2%36.5%46.4%44.4%41.2%
Bid-Ask Spread %2.211.463.251.651.82
Gamma HHI0.150.100.250.110.11
Net GEX-41.6M-73.7M-19.3M-39.3M-28.7M
Net DEX1.95B646.7M2.91B2.91B1.75B
Net VEX-10.5M-12.0M-8.7M-8.7M-10.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.980.502.501.011.17
Total Volume44,524.17,269176,70413,73922,320
Total OI800,132.5677,808956,496784,240703,705

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-09-03$84.92$100.0041.5%12.3%40.5%54.4%41.4%7.0%-0.7%-39.3M2.91B-8.7M1.011.656,8386,901262,840521,400
2019-09-04$87.12$100.0037.1%10.5%41.3%40.4%37.9%5.6%0.1%-40.8M2.80B-9.0M0.551.464,6982,571265,929523,061
2019-09-05$89.52$88.0034.1%10.1%42.3%31.4%34.4%4.4%0.2%-44.9M2.60B-9.5M1.162.6316,79119,467267,285522,761
2019-09-06$88.80$88.0034.6%10.2%42.2%32.8%35.6%4.8%-0.1%-44.4M2.68B-9.3M0.711.8210,5447,478273,596530,260
2019-09-09$93.52$88.0034.6%10.2%46.1%32.9%35.2%4.3%1.0%-54.5M2.16B-10.3M0.842.2925,39521,432274,914524,022
2019-09-10$94.60$88.0035.8%10.1%45.3%36.6%35.8%4.7%-0.7%-55.9M2.03B-10.7M0.703.0238,74127,276281,049525,474
2019-09-11$94.80$92.0035.0%9.9%45.2%34.1%35.0%3.9%-0.7%-51.5M1.98B-10.8M1.012.4421,84422,163296,360529,657
2019-09-12$93.48$92.0035.0%10.3%40.9%34.1%35.9%4.4%0.3%-51.9M2.25B-10.3M1.233.2523,60428,917293,199536,733
2019-09-13$93.76$92.0035.6%10.4%40.5%35.8%36.9%3.4%1.2%-73.7M2.21B-10.4M0.852.3922,79219,398294,892542,125
2019-09-16$103.64$92.0045.0%12.8%51.7%64.4%45.0%2.3%-1.0%-53.5M646.7M-12.0M0.502.91117,94158,763297,196542,186
2019-09-17$98.36$92.0043.7%12.5%55.0%60.7%44.0%3.1%-0.7%-55.5M1.42B-11.9M0.932.0853,92050,363341,370557,933
2019-09-18$96.56$92.0040.8%11.7%55.4%51.6%40.4%2.3%-0.1%-51.6M1.74B-11.6M0.832.0432,16326,617362,978566,264
2019-09-19$94.80$92.0040.3%11.6%56.0%50.1%40.4%1.4%-0.8%-33.4M2.03B-11.2M0.772.2835,27027,015370,433573,866
2019-09-20$94.48$92.0039.5%11.3%55.7%47.7%39.4%1.9%0.4%-20.3M2.22B-11.4M0.582.1613,9378,109377,508578,988
2019-09-23$95.20$92.0037.9%11.0%51.7%42.7%39.0%2.8%0.2%-19.3M1.25B-11.3M0.871.909,7278,496265,144412,664
2019-09-24$92.16$92.0039.0%11.1%53.5%46.2%38.8%2.3%0.4%-23.0M1.51B-10.9M1.112.149,73210,810270,931414,893
2019-09-25$92.28$92.0037.7%10.8%53.3%42.2%37.8%3.7%0.2%-24.5M1.49B-10.9M2.501.974,76511,912275,021418,933
2019-09-26$90.40$92.0039.3%11.5%53.2%47.1%40.8%3.4%0.1%-29.4M1.69B-10.3M1.331.9517,93123,915275,299424,371
2019-09-27$90.08$92.0039.8%11.5%51.8%48.7%39.2%5.2%0.3%-36.4M1.70B-10.3M0.882.0510,5949,332283,680423,730
2019-09-30$89.56$92.0038.4%10.9%51.0%43.9%36.7%5.0%-0.4%-28.7M1.75B-10.0M1.171.8210,30112,019281,367422,338