XOP Options History — August 2020

In August 2020, XOP traded between $51.56 and $56.19. ATM implied volatility averaged 45.5%, placing in the 24.5% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 10.7% (HV 20d: 34.9%). Max pain ranged from $50.00 to $51.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 1.01.

Notable Days

  • 2020-08-10: Highest Volume — 37,569 contracts
  • 2020-08-26: Largest IV spike — 7.1% change
  • 2020-08-03: Highest IV Rank — 26.7%
  • 2020-08-11: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$53.79$51.56$56.19$52.19$51.56
Max Pain$50.33$50.00$51.00$51.00$51.00
ATM IV45.5%41.9%49.6%49.6%48.9%
Expected Move13.0%12.0%13.9%13.8%13.6%
HV 20d34.9%29.9%42.4%42.4%33.2%
HV 60d59.7%53.6%64.7%64.7%53.6%
IV Rank24.5%22.5%26.7%26.7%26.3%
IV Percentile54.5%50.0%59.1%59.1%58.3%
Term Structure0.5%-1.7%2.4%-0.5%0.7%
VWIV45.9%42.5%48.5%48.5%47.3%
Skew 25d2.9%1.4%4.7%4.3%2.6%
Skew 10d5.1%2.1%9.7%9.7%4.1%
Call IV 25d44.4%40.9%49.0%47.0%49.0%
Put IV 25d47.3%43.5%51.5%51.3%51.5%
Bid-Ask Spread %5.454.1210.074.764.12
Gamma HHI0.050.040.100.050.05
Net GEX3.5M-3.4M13.6M2.5M-3.4M
Net DEX-740.9M-947.4M-521.1M-656.3M-540.4M
Net VEX-2.7M-2.9M-2.5M-2.7M-2.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.222.331.420.86
Total Volume16,958.4767,98737,56912,8197,987
Total OI742,878.19705,443784,330705,443742,388

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-08-03$52.19$51.0049.6%13.8%42.4%26.7%48.5%4.3%-0.5%2.5M-656.3M-2.7M1.424.765,2947,525319,584385,859
2020-08-04$52.89$51.0048.3%13.4%40.7%26.0%47.0%4.7%-0.0%3.8M-705.9M-2.7M1.024.339,7029,910322,532388,795
2020-08-05$53.84$51.0046.7%12.9%41.1%25.1%44.7%3.9%-1.7%6.1M-772.8M-2.7M0.805.538,6216,890325,000394,305
2020-08-06$53.10$50.0046.1%13.3%36.1%24.8%47.0%3.6%-0.2%5.9M-716.9M-2.8M1.0310.0711,92412,241331,979398,482
2020-08-07$54.24$50.0046.2%13.5%35.7%24.8%46.7%3.2%-0.6%13.6M-823.1M-2.7M0.617.749,2145,596338,304407,348
2020-08-10$56.19$50.0047.8%13.8%36.8%25.7%48.3%3.3%1.0%7.5M-947.4M-2.7M0.227.1330,8346,735329,253396,526
2020-08-11$55.42$50.0047.3%13.9%36.7%25.4%48.2%2.1%0.7%7.8M-902.0M-2.9M0.866.2111,63610,028344,511400,494
2020-08-12$56.00$50.0044.3%12.9%34.8%23.8%46.4%2.4%0.9%8.8M-945.1M-2.9M1.715.735,7629,873348,232405,251
2020-08-13$54.91$50.0044.6%12.9%35.7%24.0%45.6%2.4%0.2%6.6M-840.1M-2.8M1.305.566,0057,820349,585411,493
2020-08-14$56.09$50.0043.3%12.7%35.3%23.3%44.6%2.5%1.4%8.3M-942.8M-2.7M1.115.364,6025,118350,523415,998
2020-08-17$55.83$50.0043.3%12.5%35.3%23.3%43.6%2.1%1.1%6.8M-912.0M-2.6M2.044.864,1208,391343,575411,076
2020-08-18$54.61$50.0041.9%12.0%29.9%22.5%44.9%2.3%1.2%2.1M-782.3M-2.9M1.064.518,7289,281345,411417,830
2020-08-19$54.28$50.0042.2%12.1%29.9%22.7%42.5%2.9%0.7%1.6M-768.8M-2.6M0.585.677,4324,301351,540424,661
2020-08-20$52.77$50.0043.0%12.3%31.6%23.1%43.6%3.3%1.2%-2.2M-626.9M-2.5M0.704.969,0716,314354,138426,062
2020-08-21$51.60$50.0043.7%12.5%32.5%23.5%44.1%2.4%0.4%-322.6K-521.1M-2.5M0.664.9414,6269,589357,782426,548
2020-08-24$53.25$50.0043.9%12.5%33.1%23.6%43.9%3.5%0.2%285.9K-663.9M-2.5M0.525.0310,1155,301330,869382,053
2020-08-25$53.57$50.0043.5%12.4%32.9%23.4%45.5%3.7%2.4%1.0M-683.6M-2.5M2.334.854,82511,244333,197384,253
2020-08-26$51.97$51.0046.6%13.1%33.2%25.1%46.8%2.5%-0.2%-2.5M-566.1M-2.5M0.784.445,2804,139334,223393,655
2020-08-27$52.31$51.0048.0%13.4%32.4%25.8%47.8%2.1%1.1%-1.1M-594.6M-2.6M0.664.339,3416,210340,772395,779
2020-08-28$53.02$51.0046.9%13.0%32.5%25.2%46.1%1.4%1.0%745.9K-646.3M-2.5M0.974.3912,46812,035342,081398,495
2020-08-31$51.56$51.0048.9%13.6%33.2%26.3%47.3%2.6%0.7%-3.4M-540.4M-2.6M0.864.124,2953,692343,502398,886