XOP Options History — February 2021

In February 2021, XOP traded between $65.74 and $84.88. ATM implied volatility averaged 50.8%, placing in the 27.4% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded above realized volatility by 6.1% (HV 20d: 44.7%). Max pain ranged from $58.00 to $69.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.62.

Notable Days

2021-02-17: Highest Volume — 65,854 contracts
2021-02-16: Largest IV spike — 8.5% change
2021-02-01: Highest IV Rank — 29.6%
2021-02-01: Largest Expected Move — 15.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$75.43	$65.74	$84.88	$65.74	$81.16
Max Pain	$62.26	$58.00	$69.00	$69.00	$65.00
ATM IV	50.8%	47.3%	55.0%	55.0%	52.5%
Expected Move	14.6%	13.6%	15.8%	15.8%	15.4%
HV 20d	44.7%	41.2%	48.6%	48.6%	46.1%
HV 60d	51.9%	47.1%	59.4%	58.9%	47.1%
IV Rank	27.4%	25.4%	29.6%	29.6%	28.3%
IV Percentile	33.1%	13.5%	59.1%	59.1%	42.1%
Term Structure	0.0%	-1.4%	1.0%	-0.2%	-0.6%
VWIV	51.8%	47.9%	56.5%	56.5%	54.7%
Skew 25d	0.5%	-0.9%	3.3%	1.0%	3.3%
Skew 10d	1.5%	-1.1%	5.8%	2.9%	5.8%
Call IV 25d	51.6%	48.0%	55.4%	55.4%	55.2%
Put IV 25d	52.1%	47.8%	58.5%	56.4%	58.5%
Bid-Ask Spread %	9.04	5.18	26.68	5.94	26.68
Gamma HHI	0.08	0.06	0.10	0.06	0.08
Net GEX	21.3M	2.2M	29.5M	2.2M	26.2M
Net DEX	-1.27B	-1.93B	-475.3M	-475.3M	-1.60B
Net VEX	-7.0M	-7.7M	-6.6M	-6.8M	-7.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.62	0.21	1.71	0.58	0.52
Total Volume	35,323.789	11,394	65,854	44,575	43,440
Total OI	710,360.526	647,323	755,000	647,323	754,299

Daily Data (19 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
2021-02-01	$65.74	$69.00	55.0%	15.8%	48.6%	29.6%	56.5%	1.0%	-0.2%	2.2M	-475.3M	-6.8M	0.58	5.94	28,206	16,369	298,724	348,599
2021-02-02	$66.20	$69.00	50.6%	14.1%	48.6%	27.3%	50.7%	0.4%	1.0%	4.5M	-530.6M	-6.6M	0.46	7.64	22,598	10,283	307,335	348,485
2021-02-03	$69.33	$69.00	49.0%	13.6%	45.8%	26.3%	47.9%	0.4%	0.5%	13.9M	-792.1M	-6.9M	0.52	5.77	27,045	14,140	322,668	353,459
2021-02-04	$69.47	$58.00	48.4%	14.0%	44.7%	26.0%	49.2%	0.4%	-0.1%	14.5M	-814.2M	-7.1M	0.94	5.85	8,372	7,884	330,645	361,258
2021-02-05	$70.01	$58.00	47.3%	13.8%	43.7%	25.4%	48.8%	-0.2%	0.5%	16.2M	-864.0M	-7.0M	1.14	6.26	9,518	10,892	334,051	364,170
2021-02-08	$74.51	$60.00	49.4%	14.1%	47.6%	26.6%	49.8%	0.1%	-0.5%	21.3M	-1.22B	-6.9M	0.40	6.83	31,460	12,627	330,522	361,955
2021-02-09	$73.44	$60.00	48.4%	14.1%	48.0%	26.1%	49.6%	-0.9%	0.9%	21.1M	-1.14B	-7.0M	1.13	6.31	5,353	6,041	336,569	366,233
2021-02-10	$74.62	$60.00	47.9%	14.0%	44.0%	25.8%	49.3%	-0.4%	0.6%	23.5M	-1.24B	-7.0M	0.38	7.62	13,977	5,244	338,656	369,584
2021-02-11	$73.19	$60.00	47.7%	13.9%	43.9%	25.7%	49.0%	0.0%	0.5%	23.4M	-1.13B	-7.0M	0.45	5.18	10,790	4,842	344,261	372,062
2021-02-12	$75.44	$60.00	47.6%	13.8%	43.1%	25.6%	49.0%	-0.3%	0.8%	27.5M	-1.35B	-6.9M	0.52	5.95	9,254	4,776	349,736	374,366
2021-02-16	$78.38	$60.00	51.6%	14.8%	41.7%	27.8%	52.5%	0.3%	-0.1%	28.7M	-1.62B	-6.8M	0.21	5.38	39,982	8,553	362,089	371,966
2021-02-17	$78.94	$60.00	51.3%	14.7%	41.2%	27.6%	51.9%	0.3%	0.1%	27.6M	-1.65B	-6.6M	0.45	9.93	45,329	20,525	361,238	371,543
2021-02-18	$75.78	$60.00	51.3%	14.7%	44.1%	27.6%	52.3%	-0.1%	-0.1%	29.5M	-1.39B	-6.9M	1.71	8.50	5,967	10,204	372,048	375,907
2021-02-19	$77.56	$60.00	51.0%	14.5%	42.4%	27.4%	51.9%	0.3%	0.2%	24.5M	-1.54B	-6.8M	0.44	7.52	24,794	10,994	373,587	381,413
2021-02-22	$80.33	$60.00	53.9%	15.5%	43.6%	29.0%	54.7%	0.9%	-0.6%	22.0M	-1.54B	-7.2M	0.47	11.11	40,550	19,158	343,816	333,981
2021-02-23	$81.88	$65.00	54.3%	15.7%	43.5%	29.2%	55.4%	1.4%	-0.8%	22.8M	-1.65B	-7.2M	0.71	12.35	19,972	14,215	357,350	347,292
2021-02-24	$84.88	$65.00	53.8%	15.5%	42.9%	29.0%	54.3%	0.5%	-1.4%	28.2M	-1.93B	-7.4M	0.26	12.60	42,453	11,078	373,125	355,533
2021-02-25	$82.33	$65.00	55.0%	15.7%	45.5%	29.6%	56.1%	2.7%	-0.1%	26.9M	-1.71B	-7.7M	0.55	14.33	34,966	19,301	386,297	362,028
2021-02-26	$81.16	$65.00	52.5%	15.4%	46.1%	28.3%	54.7%	3.3%	-0.6%	26.2M	-1.60B	-7.4M	0.52	26.68	28,523	14,917	388,180	366,119