XOP Options History — June 2020

In June 2020, XOP traded between $49.73 and $71.34. ATM implied volatility averaged 62.6%, placing in the 33.7% IV rank vs the trailing year. The 30-day expected move averaged 17.8%. IV traded below realized volatility by 18.0% (HV 20d: 80.5%). Max pain ranged from $24.00 to $61.00. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 1.05.

Notable Days

  • 2020-06-08: Highest Volume — 143,779 contracts
  • 2020-06-08: Largest IV spike — 27.7% change
  • 2020-06-11: Highest IV Rank — 42.4%
  • 2020-06-11: Largest Expected Move — 22.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$57.08$49.73$71.34$53.42$52.17
Max Pain$54.86$24.00$61.00$24.00$60.00
ATM IV62.6%46.1%78.5%51.3%61.3%
Expected Move17.8%13.4%22.1%14.9%17.3%
HV 20d80.5%59.1%90.4%60.6%87.1%
HV 60d79.2%72.5%104.7%104.7%72.5%
IV Rank33.7%24.8%42.4%27.6%33.1%
IV Percentile79.8%73.0%87.3%75.8%75.8%
Term Structure-0.7%-2.3%1.6%-0.8%-1.1%
VWIV63.5%48.6%78.2%53.4%61.7%
Skew 25d9.0%5.7%14.5%9.7%6.8%
Skew 10d16.2%10.5%24.5%18.9%12.8%
Call IV 25d58.3%42.3%74.6%46.3%57.4%
Put IV 25d67.3%51.3%86.1%56.0%64.2%
Bid-Ask Spread %9.963.2920.847.353.95
Gamma HHI0.060.040.110.050.06
Net GEX2.2M-6.2M11.4M3.6M-2.6M
Net DEX-1.11B-2.43B11.7M-1.26B-473.9M
Net VEX-3.1M-3.7M-2.2M-2.5M-3.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.050.432.010.770.43
Total Volume43,411.95514,958143,77915,30223,088
Total OI796,309.909369,008986,403757,061720,840

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-06-01$53.42$24.0051.3%14.9%60.6%27.6%53.4%9.7%-0.8%3.6M-1.26B-2.5M0.777.358,6516,651356,128400,933
2020-06-02$54.92$24.0049.9%14.3%60.0%26.8%51.7%9.4%-0.4%6.7M-1.37B-2.5M1.156.248,4199,667362,012406,348
2020-06-03$56.34$24.0046.1%13.4%60.3%24.8%48.6%9.0%0.5%9.6M-1.47B-2.3M1.126.398,3129,285366,340412,321
2020-06-04$56.59$54.0048.2%13.7%59.1%25.9%50.4%8.8%-0.4%11.4M-342.9M-2.5M1.819.0416,81430,363178,399190,609
2020-06-05$62.95$55.0047.2%13.4%69.0%25.4%49.3%6.7%-1.1%10.4M-1.92B-2.2M0.517.1862,29231,808374,109416,730
2020-06-08$71.34$56.0060.2%16.7%78.6%32.5%60.9%8.1%-1.5%10.4M-2.43B-2.3M0.496.9396,81246,967389,537430,712
2020-06-09$67.10$61.0064.2%17.8%82.7%34.6%64.0%7.2%-1.5%9.2M-2.08B-3.1M0.7712.7539,00630,161415,954461,879
2020-06-10$62.35$61.0067.7%19.0%87.2%36.6%67.8%5.7%-1.2%5.5M-1.70B-3.4M0.6220.8430,43718,916427,266467,071
2020-06-11$56.51$61.0078.5%22.1%90.4%42.4%76.4%11.5%-2.3%1.5M-1.22B-3.6M1.7715.7440,08870,810446,056474,558
2020-06-12$57.69$61.0075.9%21.4%90.1%41.0%78.2%14.5%-1.8%-268.8K-1.30B-3.7M2.0114.8022,53745,320460,702509,244
2020-06-15$58.33$61.0071.3%20.4%90.0%38.5%72.5%12.1%-1.5%2.5M-1.40B-3.7M1.4114.0810,48414,777463,299511,238
2020-06-16$59.93$61.0069.7%20.0%84.3%37.6%71.9%10.7%-0.9%3.3M-1.53B-3.6M1.1920.5312,12314,388456,091514,528
2020-06-17$57.77$61.0069.5%19.9%85.3%37.5%71.9%10.8%-0.5%199.0K-1.34B-3.5M0.6210.179,4375,823459,215515,676
2020-06-18$57.50$61.0067.9%19.5%85.1%36.6%69.7%9.3%-0.3%623.5K-1.32B-3.4M0.8513.019,7838,344465,161516,929
2020-06-19$56.59$61.0065.1%18.6%85.2%35.1%68.2%9.9%1.6%-2.4M-1.23B-3.3M1.577.0611,33617,832467,031519,372
2020-06-22$55.18$61.0061.9%17.8%85.8%33.4%62.0%7.8%0.2%-1.5M-624.1M-3.3M1.057.8615,73116,442311,245373,309
2020-06-23$55.09$60.0059.5%16.9%84.1%32.1%57.3%6.8%0.6%-2.3M11.7M-3.3M0.983.6425,54525,072213,541199,941
2020-06-24$51.76$60.0065.3%18.9%86.9%35.2%64.0%8.4%0.1%-4.3M-410.2M-3.2M0.5111.4022,70211,641312,918388,738
2020-06-25$52.02$60.0063.4%18.2%85.9%34.2%63.7%8.8%0.1%-3.8M-438.5M-3.4M1.8212.086,51111,878325,749394,579
2020-06-26$49.73$60.0067.5%19.5%87.2%36.4%67.5%8.5%-1.3%-6.2M-299.9M-3.4M0.854.7818,32715,525328,657401,333
2020-06-29$50.44$60.0064.7%18.7%86.8%34.9%65.0%8.1%-1.3%-3.5M-380.0M-3.3M0.873.297,9996,959321,684390,836
2020-06-30$52.17$60.0061.3%17.3%87.1%33.1%61.7%6.8%-1.1%-2.6M-473.9M-3.2M0.433.9516,1706,918326,464394,376