XOP Options History — November 2019

In November 2019, XOP traded between $81.72 and $91.80. ATM implied volatility averaged 33.8%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 2.9% (HV 20d: 36.7%). Max pain ranged from $84.00 to $92.00. Net GEX was positive for 4 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.83.

Notable Days

  • 2019-11-05: Highest Volume — 139,621 contracts
  • 2019-11-04: Largest IV spike — 8.2% change
  • 2019-11-04: Highest IV Rank — 27.2%
  • 2019-11-04: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$86.62$81.72$91.80$87.76$81.72
Max Pain$88.90$84.00$92.00$84.00$86.00
ATM IV33.8%31.7%35.5%32.8%33.7%
Expected Move9.9%9.3%10.4%9.7%10.2%
HV 20d36.7%33.8%38.4%33.8%35.2%
HV 60d41.6%39.7%43.9%42.7%39.7%
IV Rank21.4%14.4%27.2%18.0%21.2%
IV Percentile46.8%35.7%59.9%41.3%46.4%
Term Structure0.2%-1.0%2.7%1.0%-0.6%
VWIV34.5%32.7%36.1%34.0%35.6%
Skew 25d2.0%1.2%2.8%1.3%1.9%
Skew 10d3.3%1.9%5.1%2.4%2.6%
Call IV 25d33.0%30.9%35.4%32.6%33.1%
Put IV 25d35.0%32.6%37.0%33.9%35.0%
Bid-Ask Spread %1.421.012.471.822.47
Gamma HHI0.140.110.230.120.19
Net GEX-12.7M-41.3M16.3M-9.0M-41.3M
Net DEX1.59B730.4M2.22B1.31B2.22B
Net VEX-10.2M-12.1M-8.7M-10.2M-8.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.830.132.010.720.15
Total Volume40,779.75,538139,62133,47751,939
Total OI890,505.75788,090956,973852,717890,932

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-11-01$87.76$84.0032.8%9.7%33.8%18.0%34.0%1.3%1.0%-9.0M1.31B-10.2M0.721.8219,49413,983403,052449,665
2019-11-04$91.80$88.0035.5%10.4%36.9%27.2%35.8%1.3%0.2%11.0M730.4M-11.1M0.171.4792,40515,571405,974446,910
2019-11-05$91.64$88.0035.1%10.3%35.3%26.0%35.6%2.6%0.0%16.1M736.6M-11.2M0.711.2881,81457,807428,623447,201
2019-11-06$88.80$88.0035.1%10.3%37.6%25.8%36.1%1.6%0.5%-615.7K1.32B-11.3M1.581.2016,91626,715445,587478,618
2019-11-07$90.28$92.0033.9%10.0%37.8%21.7%35.4%1.7%1.0%6.6M1.13B-11.9M0.811.3010,9398,857449,155490,201
2019-11-08$91.40$92.0033.4%9.9%36.5%20.2%34.4%1.7%0.7%16.3M981.6M-12.1M0.491.3713,2596,490454,431498,042
2019-11-11$89.28$92.0034.6%10.4%36.4%24.2%35.8%1.8%1.3%-602.7K1.29B-11.3M2.011.331,8433,695452,366489,886
2019-11-12$88.64$92.0034.4%10.2%36.6%23.6%35.6%2.5%1.1%-5.8M1.39B-10.9M0.701.3012,4668,695452,893490,276
2019-11-13$87.40$92.0034.1%9.9%36.7%22.5%34.7%2.7%0.4%-13.9M1.58B-10.5M0.301.2828,3358,643455,741492,185
2019-11-14$86.80$92.0033.3%9.5%36.7%19.6%33.3%2.6%-0.1%-19.0M1.67B-10.1M0.131.0966,9228,442449,384491,938
2019-11-15$87.52$88.0031.7%9.3%35.6%14.4%32.7%1.7%0.8%-13.5M1.59B-10.3M0.201.0132,0146,486463,462493,511
2019-11-18$84.92$88.0033.9%9.8%37.4%21.8%33.6%2.0%-1.0%-18.7M1.85B-9.5M0.951.5118,62817,776364,051424,039
2019-11-19$82.40$88.0034.4%9.9%38.1%23.7%34.3%2.4%-0.9%-25.0M2.08B-8.8M0.901.4524,71922,144372,529434,811
2019-11-20$82.84$88.0035.1%10.1%37.9%26.1%34.8%2.8%-0.8%-24.3M2.04B-9.2M0.761.6120,49915,606390,613445,367
2019-11-21$84.16$88.0034.0%9.8%38.4%22.1%34.3%1.8%-0.7%-21.0M1.92B-9.6M1.781.5014,10825,162406,084452,620
2019-11-22$84.12$88.0033.1%9.6%37.3%19.0%33.8%2.3%-0.8%-38.4M1.95B-9.7M1.611.365,7209,217415,304458,226
2019-11-25$84.64$88.0033.0%9.7%37.3%18.5%33.8%2.4%-0.2%-19.5M1.90B-9.7M0.501.365,9572,971405,424459,361
2019-11-26$82.64$88.0032.8%9.6%37.3%17.9%33.4%1.2%2.7%-28.5M2.11B-9.1M0.941.2210,64910,064410,232465,765
2019-11-27$83.60$88.0032.0%9.4%34.4%15.4%33.1%1.8%-0.3%-25.3M2.03B-9.4M1.281.378,18610,458417,041468,615
2019-11-29$81.72$86.0033.7%10.2%35.2%21.2%35.6%1.9%-0.6%-41.3M2.22B-8.7M0.152.4745,1036,836419,558471,374