XOP Options History — July 2020

In July 2020, XOP traded between $47.86 and $53.55. ATM implied volatility averaged 55.5%, placing in the 29.9% IV rank vs the trailing year. The 30-day expected move averaged 15.7%. IV traded above realized volatility by 3.9% (HV 20d: 51.5%). Max pain ranged from $51.00 to $60.00. Net GEX was positive for 11 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.86.

Notable Days

2020-07-01: Highest Volume — 55,039 contracts
2020-07-17: Largest IV drop — 6.9% change
2020-07-14: Highest IV Rank — 33.5%
2020-07-13: Largest Expected Move — 17.6%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$51.22	$47.86	$53.55	$51.03	$51.06
Max Pain	$52.36	$51.00	$60.00	$60.00	$51.00
ATM IV	55.5%	48.9%	62.2%	60.0%	49.9%
Expected Move	15.7%	13.9%	17.6%	17.1%	14.2%
HV 20d	51.5%	41.6%	87.0%	86.7%	41.6%
HV 60d	69.1%	64.6%	72.1%	72.1%	64.6%
IV Rank	29.9%	26.3%	33.5%	32.4%	26.8%
IV Percentile	68.0%	59.9%	76.2%	73.8%	59.9%
Term Structure	-0.2%	-1.6%	0.9%	-0.6%	0.6%
VWIV	55.3%	47.7%	64.8%	60.7%	48.6%
Skew 25d	5.5%	4.4%	7.4%	6.6%	4.5%
Skew 10d	10.3%	7.1%	18.1%	11.1%	7.3%
Call IV 25d	52.7%	46.5%	59.7%	57.2%	47.7%
Put IV 25d	58.3%	51.7%	65.2%	63.8%	52.2%
Bid-Ask Spread %	5.91	3.45	12.54	4.19	6.10
Gamma HHI	0.08	0.04	0.52	0.06	0.10
Net GEX	1.1M	-5.8M	32.7M	-2.3M	-3.4M
Net DEX	-457.9M	-763.4M	131.5M	-410.6M	-579.5M
Net VEX	-3.0M	-3.2M	-2.7M	-3.2M	-2.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.86	0.22	2.02	0.22	0.73
Total Volume	23,816.455	10,452	55,039	55,039	10,452
Total OI	700,755	450,236	779,020	731,356	720,911

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2020-07-01	$51.03	$60.00	60.0%	17.1%	86.7%	32.4%	60.7%	6.6%	-0.6%	-2.3M	-410.6M	-3.2M	0.22	4.19	45,191	9,848	334,142	397,214
2020-07-02	$51.98	$60.00	57.0%	15.4%	87.0%	30.7%	54.2%	5.0%	0.0%	32.7M	-469.8M	-3.2M	0.48	3.94	15,909	7,635	351,588	401,304
2020-07-06	$52.11	$55.00	58.7%	16.3%	76.7%	31.6%	56.3%	6.7%	-1.1%	-3.6M	131.5M	-3.1M	1.06	7.64	21,672	23,013	229,581	220,655
2020-07-07	$50.41	$55.00	58.9%	16.6%	58.2%	31.7%	58.9%	5.7%	0.1%	-4.1M	-366.1M	-3.1M	0.79	4.42	11,049	8,698	335,433	401,923
2020-07-08	$50.43	$55.00	58.1%	16.3%	56.1%	31.3%	56.2%	6.3%	-1.1%	-3.9M	-370.2M	-3.0M	0.46	9.17	20,060	9,264	336,990	399,426
2020-07-09	$47.86	$51.00	60.3%	16.8%	53.6%	32.5%	58.4%	7.4%	-1.6%	-5.8M	-230.1M	-3.1M	0.33	7.53	16,169	5,395	355,644	406,432
2020-07-10	$49.17	$51.00	59.0%	16.7%	45.0%	31.8%	56.7%	6.5%	-0.5%	-5.0M	-300.5M	-3.0M	1.72	6.83	7,552	12,982	353,785	407,622
2020-07-13	$48.69	$51.00	62.0%	17.6%	43.8%	33.4%	62.9%	4.4%	-0.1%	-4.8M	-286.7M	-3.1M	0.24	8.57	21,581	5,214	340,193	403,799
2020-07-14	$50.08	$51.00	62.2%	17.5%	45.2%	33.5%	64.8%	6.6%	-0.6%	-3.3M	-381.5M	-3.0M	0.79	6.97	10,206	8,031	350,649	404,582
2020-07-15	$51.94	$51.00	58.9%	16.9%	46.3%	31.8%	61.4%	6.0%	0.3%	-1.1M	95.8M	-3.0M	1.01	12.54	21,516	21,729	255,437	228,477
2020-07-16	$51.61	$51.00	58.4%	16.4%	44.9%	31.5%	58.1%	5.5%	-0.9%	-1.5M	-473.1M	-3.1M	1.27	5.54	7,249	9,204	358,322	416,597
2020-07-17	$50.70	$51.00	54.4%	15.4%	45.1%	29.3%	57.6%	5.0%	-0.6%	522.2K	-420.7M	-2.9M	2.02	5.86	12,007	24,268	359,746	419,274
2020-07-20	$50.42	$51.00	52.2%	14.9%	45.0%	28.1%	50.5%	5.2%	0.1%	2.0M	-565.0M	-2.9M	0.44	3.58	13,221	5,782	306,243	359,503
2020-07-21	$53.55	$51.00	52.7%	15.1%	50.0%	28.4%	54.2%	5.8%	-0.4%	5.8M	-763.4M	-2.9M	1.13	5.57	15,123	17,038	311,331	362,168
2020-07-22	$53.14	$51.00	51.7%	14.8%	50.1%	27.8%	51.3%	4.9%	0.9%	5.3M	-733.8M	-2.9M	0.61	3.64	11,732	7,137	315,901	370,893
2020-07-23	$52.85	$51.00	51.5%	14.8%	44.7%	27.7%	52.1%	4.9%	-0.1%	6.1M	-719.2M	-3.0M	1.05	6.60	5,184	5,456	320,265	372,262
2020-07-24	$52.90	$51.00	51.8%	14.9%	44.7%	27.9%	51.6%	5.3%	-0.5%	4.4M	-717.3M	-2.9M	1.27	3.89	5,740	7,306	320,037	374,788
2020-07-27	$51.52	$51.00	51.5%	14.9%	42.6%	27.7%	51.2%	4.5%	-0.3%	1.5M	-615.9M	-2.9M	1.12	4.42	11,695	13,052	313,102	372,491
2020-07-28	$51.12	$51.00	51.3%	14.6%	42.5%	27.6%	52.7%	5.0%	0.4%	507.3K	-584.2M	-2.9M	1.11	3.45	5,405	5,978	320,809	381,925
2020-07-29	$52.66	$51.00	48.9%	13.9%	42.1%	26.3%	47.7%	5.3%	0.3%	2.8M	-689.7M	-2.8M	0.37	4.79	10,272	3,812	324,671	385,998
2020-07-30	$51.59	$51.00	51.2%	14.7%	42.0%	27.6%	50.3%	4.6%	0.4%	1.9M	-622.8M	-2.8M	0.67	4.75	8,442	5,693	328,030	386,467
2020-07-31	$51.06	$51.00	49.9%	14.2%	41.6%	26.8%	48.6%	4.5%	0.6%	-3.4M	-579.5M	-2.7M	0.73	6.10	6,043	4,409	332,028	388,883