XOP Options History — December 2020

In December 2020, XOP traded between $53.74 and $63.60. ATM implied volatility averaged 52.1%, placing in the 28.1% IV rank vs the trailing year. The 30-day expected move averaged 14.4%. IV traded below realized volatility by 10.1% (HV 20d: 62.2%). Max pain ranged from $25.00 to $52.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.97.

Notable Days

  • 2020-12-03: Highest Volume — 106,748 contracts
  • 2020-12-03: Largest IV drop — 9.0% change
  • 2020-12-11: Highest IV Rank — 30.5%
  • 2020-12-02: Largest Expected Move — 17.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.09$53.74$63.60$53.74$58.72
Max Pain$28.59$25.00$52.00$52.00$27.00
ATM IV52.1%48.2%56.7%52.0%49.6%
Expected Move14.4%0.3%17.2%17.1%14.2%
HV 20d62.2%50.2%79.6%75.4%50.2%
HV 60d60.0%58.9%61.4%59.7%59.1%
IV Rank28.1%25.9%30.5%28.0%26.7%
IV Percentile46.1%27.0%65.9%46.8%32.1%
Term Structure-2.1%-50.4%2.8%1.3%-0.6%
VWIV53.9%49.7%61.0%59.8%50.8%
Skew 25d1.5%-0.2%3.3%2.9%0.8%
Skew 10d3.6%1.1%6.9%4.9%2.3%
Call IV 25d52.4%48.7%58.2%52.9%49.3%
Put IV 25d53.9%50.1%58.0%55.9%50.2%
Bid-Ask Spread %5.693.688.717.003.87
Gamma HHI0.070.050.090.060.06
Net GEX14.1M-3.3M31.3M-3.3M7.4M
Net DEX-1.04B-1.66B-579.7M-579.7M-764.3M
Net VEX-4.0M-4.5M-3.2M-3.2M-4.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.970.192.612.190.40
Total Volume34,784.8187,850106,74864,61512,307
Total OI808,632.864676,442924,527807,056720,642

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2020-12-01$53.74$52.0052.0%17.1%75.4%28.0%59.8%2.9%1.3%-3.3M-579.7M-3.2M2.197.0020,23244,383343,390463,666
2020-12-02$55.72$51.0054.5%17.2%75.4%29.4%61.0%3.3%1.0%-1.5M-754.2M-3.4M2.618.0723,18060,481354,278504,197
2020-12-03$56.05$25.0049.6%14.8%75.3%26.7%50.5%2.2%1.6%-2.8M-810.0M-3.5M2.228.7133,11773,631367,050547,707
2020-12-04$60.98$25.0049.3%14.7%79.1%26.5%51.2%2.6%2.8%31.3M-1.45B-3.4M0.227.0258,89112,863387,420537,107
2020-12-07$58.91$25.0051.5%14.9%79.6%27.7%52.4%0.6%0.5%18.5M-1.12B-3.4M0.426.239,8814,154362,096446,706
2020-12-08$59.74$25.0051.1%0.3%61.9%27.5%52.7%0.7%-50.4%21.6M-1.20B-3.3M0.195.8439,4367,499365,724448,254
2020-12-09$60.15$25.0052.7%0.0%61.9%28.4%54.7%2.0%0.4%26.6M-1.28B-3.5M0.405.1433,08413,325397,265453,089
2020-12-10$63.60$25.0054.5%15.8%63.3%29.4%55.3%0.6%0.4%29.1M-1.66B-3.9M0.435.3658,60424,991417,679462,340
2020-12-11$62.20$25.0056.7%16.4%61.6%30.5%57.2%-0.2%0.8%27.4M-1.54B-4.3M0.466.7322,49210,446441,709471,947
2020-12-14$60.07$27.0056.0%0.0%61.6%30.2%56.8%1.7%-0.6%20.3M-1.24B-4.1M0.765.6911,8709,004417,395464,537
2020-12-15$61.02$27.0054.8%15.7%59.7%29.5%55.6%0.5%-0.7%21.5M-1.33B-4.1M0.555.4421,41211,778411,064462,982
2020-12-16$60.25$27.0054.5%0.0%60.1%29.4%57.1%0.4%-0.9%21.9M-1.28B-4.5M0.237.4212,2082,760428,322472,614
2020-12-17$60.26$27.0052.3%0.0%60.0%28.2%53.8%1.3%-0.9%21.7M-1.28B-4.4M0.456.075,4182,432428,095474,134
2020-12-18$59.23$27.0052.3%15.0%60.6%28.2%52.8%2.5%-0.1%7.6M-1.16B-4.2M1.176.438,56410,049429,052475,728
2020-12-21$58.31$27.0053.6%15.6%60.9%28.8%54.8%1.7%-0.1%8.8M-786.6M-4.3M0.484.956,7453,255332,740343,702
2020-12-22$57.31$27.0052.4%15.3%54.8%28.2%54.3%2.2%0.0%6.7M-723.7M-4.1M1.784.554,4657,965334,625344,802
2020-12-23$60.24$27.0052.0%0.0%54.9%28.0%53.5%2.1%-0.2%12.3M-896.4M-4.3M0.964.5710,3799,979336,207350,139
2020-12-24$58.77$27.0050.8%14.5%55.5%27.3%50.7%1.2%-0.5%7.6M-793.6M-4.3M1.184.054,0254,730340,786354,318
2020-12-28$57.98$27.0049.2%14.3%55.4%26.5%49.7%1.5%0.1%9.1M-742.3M-4.1M0.803.689,6587,773338,835347,745
2020-12-29$57.48$27.0049.3%14.6%50.5%26.5%50.7%1.8%0.3%8.1M-708.8M-4.1M2.454.207,28817,823344,344352,288
2020-12-30$59.34$27.0048.2%13.8%51.3%25.9%50.0%1.5%0.8%11.2M-824.6M-4.3M0.954.056,4976,192347,990365,213
2020-12-31$58.72$27.0049.6%14.2%50.2%26.7%50.8%0.8%-0.6%7.4M-764.3M-4.3M0.403.878,7883,519349,686370,956