XOP Options History — January 2021

In January 2021, XOP traded between $59.09 and $71.98. ATM implied volatility averaged 51.7%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 14.7%. IV traded above realized volatility by 4.2% (HV 20d: 47.4%). Max pain ranged from $59.00 to $70.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.82.

Notable Days

  • 2021-01-05: Highest Volume — 109,288 contracts
  • 2021-01-27: Largest IV spike — 14.4% change
  • 2021-01-27: Highest IV Rank — 32.7%
  • 2021-01-27: Largest Expected Move — 17.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$67.15$59.09$71.98$59.09$64.06
Max Pain$65.55$59.00$70.00$59.00$69.00
ATM IV51.7%47.7%60.6%52.6%57.5%
Expected Move14.7%13.7%17.8%14.5%17.1%
HV 20d47.4%43.5%50.5%50.2%48.3%
HV 60d60.0%58.6%61.6%59.0%58.9%
IV Rank27.8%25.6%32.7%28.3%31.0%
IV Percentile39.7%19.8%71.8%46.4%67.1%
Term Structure-0.4%-1.1%1.4%-0.8%1.4%
VWIV52.2%48.0%63.7%51.4%59.4%
Skew 25d0.0%-2.3%2.6%1.6%0.2%
Skew 10d1.7%-1.4%4.4%4.4%-1.4%
Call IV 25d52.6%48.9%61.3%53.2%59.0%
Put IV 25d52.6%47.9%61.3%54.8%59.2%
Bid-Ask Spread %9.194.2829.116.5917.72
Gamma HHI0.090.060.170.060.07
Net GEX17.7M909.1K33.5M12.4M909.1K
Net DEX-1.07B-1.94B-382.7M-807.6M-382.7M
Net VEX-5.9M-7.1M-4.3M-4.3M-6.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.212.871.220.51
Total Volume39,654.8959,753109,28816,71629,347
Total OI714,484.526587,000858,883710,919662,238

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-01-04$59.09$59.0052.6%14.5%50.2%28.3%51.4%1.6%-0.8%12.4M-807.6M-4.3M1.226.597,5149,202354,924355,995
2021-01-05$63.11$59.0053.8%14.7%46.5%29.0%51.5%-0.1%-0.9%20.3M-1.12B-4.5M1.369.3746,21363,075360,452361,365
2021-01-06$65.12$60.0052.3%14.4%45.5%28.1%51.9%2.6%-0.7%25.1M-1.28B-5.0M0.2511.4223,6415,841382,706393,130
2021-01-07$67.06$61.0048.7%13.8%46.3%26.2%48.2%0.1%-0.6%29.5M-1.44B-5.3M0.248.3718,5014,358385,403392,936
2021-01-08$65.63$61.0048.7%13.7%47.3%26.2%48.0%-0.1%-0.5%27.5M-1.31B-5.3M0.967.6411,06410,603387,808394,579
2021-01-11$66.76$62.0051.8%14.6%43.5%27.9%50.9%0.8%-0.9%29.1M-1.39B-5.3M0.479.4019,4619,139388,942393,431
2021-01-12$70.72$65.0049.9%14.0%46.7%26.9%49.2%1.2%-1.1%30.8M-1.78B-5.1M0.216.8852,28911,123394,222399,347
2021-01-13$69.26$65.0049.3%13.9%45.3%26.5%49.3%-0.7%-0.6%33.5M-1.68B-5.6M0.557.5827,47015,185407,803405,281
2021-01-14$71.98$65.0049.7%14.2%46.5%26.7%49.8%0.2%-0.2%30.9M-1.94B-5.9M0.275.9970,53319,177419,062416,410
2021-01-15$69.06$65.0050.6%14.5%49.3%27.2%51.5%-1.5%-0.5%23.6M-1.52B-6.3M0.559.0034,99819,235428,973429,910
2021-01-19$70.62$70.0048.9%14.0%49.5%26.3%49.4%-1.2%-0.1%14.9M-908.6M-6.2M0.649.5914,2809,119294,143292,857
2021-01-20$69.95$69.0047.7%13.7%49.1%25.6%48.2%-0.9%0.1%14.6M-872.9M-6.1M1.075.219,2669,898299,154296,246
2021-01-21$67.72$70.0049.1%14.1%50.5%26.4%50.2%-0.4%-0.2%9.9M-716.2M-6.2M1.035.5223,81324,502301,162305,243
2021-01-22$67.99$69.5049.6%14.3%49.7%26.7%51.9%-0.2%-0.9%9.4M-718.7M-6.1M1.508.2416,84925,215306,322321,051
2021-01-25$67.74$69.0052.1%15.1%47.3%28.0%56.5%0.8%-0.1%7.2M-653.6M-6.7M1.134.289,59010,827310,521343,809
2021-01-26$66.33$69.0053.0%15.2%47.0%28.5%54.9%0.1%-0.1%5.3M-551.0M-6.9M0.534.386,3763,377316,074344,247
2021-01-27$66.97$69.0060.6%17.8%46.5%32.7%63.7%0.0%-0.6%6.5M-600.7M-7.1M0.2329.1148,56211,409319,876345,438
2021-01-28$66.72$69.0055.9%16.2%46.3%30.1%56.8%-2.3%-0.1%4.0M-557.5M-6.9M2.878.385,79016,601312,011352,135
2021-01-29$64.06$69.0057.5%17.1%48.3%31.0%59.4%0.2%1.4%909.1K-382.7M-6.6M0.5117.7219,4929,855306,801355,437