XOP Options History — February 2020

In February 2020, XOP traded between $59.96 and $79.84. ATM implied volatility averaged 39.6%, placing in the 53.3% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 4.1% (HV 20d: 35.5%). Max pain ranged from $80.00 to $88.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.96.

Notable Days

  • 2020-02-27: Highest Volume — 83,991 contracts
  • 2020-02-28: Largest IV spike — 26.4% change
  • 2020-02-25: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 24.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$73.04$59.96$79.84$75.36$60.36
Max Pain$84.84$80.00$88.00$86.00$80.00
ATM IV39.6%32.0%76.8%35.7%76.8%
Expected Move11.6%9.2%24.8%10.3%24.8%
HV 20d35.5%24.6%47.5%25.3%47.5%
HV 60d32.8%29.5%38.3%30.0%38.3%
IV Rank53.3%25.7%100.0%46.6%100.0%
IV Percentile71.1%43.7%100.0%77.0%100.0%
Term Structure-0.8%-5.2%0.7%-0.3%-5.2%
VWIV40.1%32.0%85.1%35.2%85.1%
Skew 25d4.3%1.3%12.5%4.4%12.5%
Skew 10d7.6%2.4%24.1%9.2%24.1%
Call IV 25d37.6%31.5%71.0%33.9%71.0%
Put IV 25d41.9%33.0%83.5%38.3%83.5%
Bid-Ask Spread %2.011.296.061.846.06
Gamma HHI0.170.120.240.150.12
Net GEX-22.7M-29.4M-10.4M-25.9M-10.4M
Net DEX1.44B1.14B1.74B1.52B1.59B
Net VEX-7.5M-8.5M-5.5M-7.4M-6.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.960.312.451.940.78
Total Volume42,391.10516,52283,99137,23058,016
Total OI664,019.263577,901755,772578,545755,772

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-02-03$75.36$86.0035.7%10.3%25.3%46.6%35.2%4.4%-0.3%-25.9M1.52B-7.4M1.941.8412,64324,587230,802347,743
2020-02-04$75.48$88.0034.1%9.9%24.6%37.5%33.9%3.5%-0.1%-29.4M1.53B-7.3M0.621.3314,5979,070231,001351,185
2020-02-05$79.84$86.0034.5%9.9%33.9%40.1%34.7%4.8%-0.1%-25.6M1.14B-8.4M0.471.9935,96816,745233,082344,819
2020-02-06$78.48$88.0034.4%9.7%32.3%39.6%33.7%2.9%-0.2%-21.3M1.21B-8.3M0.951.378,4728,050253,746349,123
2020-02-07$76.80$88.0035.3%10.0%32.5%44.5%34.0%2.3%-0.1%-25.2M1.32B-8.0M0.511.5230,95515,714258,217350,918
2020-02-10$74.64$88.0035.8%9.9%33.2%47.2%34.8%2.2%-0.9%-28.1M1.47B-7.6M0.501.6233,71516,973267,210356,071
2020-02-11$75.36$88.0035.1%10.0%33.9%43.4%35.2%2.3%-0.2%-26.4M1.40B-7.8M0.602.0614,8248,918281,822361,046
2020-02-12$76.28$88.0034.2%9.8%33.8%38.0%33.7%2.6%-0.0%-26.2M1.34B-8.0M0.311.3235,13410,779290,176364,310
2020-02-13$75.80$84.0033.8%9.7%33.7%36.1%33.9%1.6%-0.2%-25.8M1.36B-8.0M0.591.5530,38917,863313,338364,673
2020-02-14$74.96$84.0032.5%9.3%33.6%28.4%32.4%2.3%-0.1%-27.6M1.48B-8.0M0.652.0122,36814,438328,511376,471
2020-02-18$74.48$84.0032.6%9.3%33.5%29.1%33.4%1.3%0.7%-29.3M1.50B-7.6M0.691.5515,71310,809329,573373,196
2020-02-19$76.76$84.0032.0%9.2%34.9%25.7%32.0%1.5%0.0%-21.9M1.25B-8.4M0.811.2915,23012,296335,091377,041
2020-02-20$76.80$84.0033.3%9.5%34.3%32.8%32.6%1.9%0.4%-22.0M1.21B-8.5M0.541.6428,09415,171340,909379,301
2020-02-21$75.20$84.0034.9%10.0%34.7%42.0%34.8%3.6%0.2%-19.8M1.44B-8.2M1.372.009,93213,570355,590386,110
2020-02-24$70.80$84.0041.8%12.2%39.2%82.0%41.1%5.5%-1.2%-20.5M1.52B-7.2M1.422.5816,70223,633297,001354,506
2020-02-25$66.60$84.0047.4%13.9%42.9%100.0%46.6%8.1%-2.2%-16.8M1.65B-6.4M2.142.2423,86251,027307,271360,175
2020-02-26$63.88$80.0048.3%14.5%43.4%100.0%50.4%8.0%-1.8%-17.7M1.74B-5.9M2.452.1813,10632,077322,001378,736
2020-02-27$59.96$80.0060.7%18.6%47.1%100.0%64.8%9.7%-3.4%-12.1M1.69B-5.5M0.972.0442,63141,360330,273379,556
2020-02-28$60.36$80.0076.8%24.8%47.5%100.0%85.1%12.5%-5.2%-10.4M1.59B-6.4M0.786.0632,65225,364355,392400,380