XOP Options History — April 2021

In April 2021, XOP traded between $73.98 and $85.37. ATM implied volatility averaged 44.6%, placing in the 7.7% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 0.5% (HV 20d: 44.0%). Max pain ranged from $80.00 to $85.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.75.

Notable Days

  • 2021-04-21: Highest Volume — 71,694 contracts
  • 2021-04-23: Largest IV drop — 6.3% change
  • 2021-04-01: Highest IV Rank — 46.2%
  • 2021-04-22: Largest Expected Move — 13.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$79.07$73.98$85.37$85.37$80.05
Max Pain$82.38$80.00$85.00$80.00$81.00
ATM IV44.6%42.6%46.7%43.5%44.2%
Expected Move12.7%12.3%13.2%12.3%13.0%
HV 20d44.0%38.9%49.3%48.5%40.7%
HV 60d44.3%43.0%45.9%45.0%43.8%
IV Rank7.7%2.0%46.2%46.2%6.4%
IV Percentile4.6%0.8%10.3%2.4%6.0%
Term Structure-0.5%-1.9%0.2%-0.1%-1.9%
VWIV44.8%43.2%47.4%43.2%46.5%
Skew 25d1.9%0.2%4.5%0.2%0.3%
Skew 10d4.6%-6.7%12.2%2.2%0.8%
Call IV 25d44.3%41.1%47.0%44.3%45.0%
Put IV 25d46.2%44.1%48.9%44.5%45.3%
Bid-Ask Spread %11.485.7220.939.815.72
Gamma HHI0.070.050.360.360.07
Net GEX16.0M-444.2K83.2M83.2M21.6M
Net DEX-725.1M-1.40B-252.2M-1.40B-952.8M
Net VEX-8.8M-9.5M-8.1M-8.2M-9.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.750.142.300.510.21
Total Volume38,204.1439,97271,69437,64631,749
Total OI821,698.81731,610891,839779,438891,839

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-04-01$85.37$80.0043.5%12.3%48.5%46.2%43.2%0.2%-0.1%83.2M-1.40B-8.2M0.519.8124,95012,696400,874378,564
2021-04-05$81.49$83.0046.1%12.9%49.0%8.2%45.5%1.1%-0.4%19.9M-941.4M-8.1M1.0515.0414,36415,039369,722361,888
2021-04-06$82.26$83.0046.7%13.0%49.3%9.4%45.1%1.2%-0.8%21.6M-997.6M-8.5M0.8612.5220,49717,679383,101385,770
2021-04-07$81.76$85.0045.6%12.8%48.3%7.4%44.7%0.4%-0.5%19.0M-938.2M-8.9M0.5810.936,3223,650398,611402,093
2021-04-08$79.74$85.0046.2%13.0%46.4%8.6%45.7%0.7%-0.3%10.3M-738.8M-8.7M1.4612.2215,72722,906401,735404,265
2021-04-09$78.31$85.0045.0%12.9%45.8%6.2%47.4%0.7%-0.3%7.6M-558.8M-8.7M2.308.016,56415,069401,163415,598
2021-04-12$76.58$85.0045.9%13.0%46.1%7.9%45.6%1.5%-0.3%-444.2K-390.9M-8.4M0.3814.4942,68916,054398,649408,880
2021-04-13$76.89$84.0044.9%12.8%46.3%6.0%45.0%2.0%-0.3%1.4M-445.9M-8.6M1.6312.4614,52223,723408,407473,155
2021-04-14$80.01$84.0045.0%12.7%48.5%6.1%44.8%2.0%-0.4%11.3M-738.3M-8.9M0.458.6738,28417,200411,138419,072
2021-04-15$78.83$84.0044.3%12.7%48.6%4.8%44.2%2.0%-0.1%6.1M-591.4M-8.7M0.509.8223,86011,822411,464425,765
2021-04-16$77.69$83.0043.2%12.4%42.5%2.6%43.9%2.1%0.2%8.5M-502.0M-8.9M1.1120.2313,13914,541426,577427,600
2021-04-19$77.47$81.0044.8%12.8%40.5%5.7%44.7%3.4%-0.8%7.7M-560.3M-8.8M0.3318.8331,30310,341371,538402,106
2021-04-20$73.98$81.0046.2%13.2%43.1%8.5%45.6%4.5%-0.3%111.3K-252.2M-8.5M0.8120.9320,22016,454369,827409,139
2021-04-21$75.44$80.0044.3%12.7%39.9%4.8%44.0%3.1%-0.3%4.5M-399.6M-8.6M0.709.7942,05829,636377,676416,303
2021-04-22$75.24$81.0046.0%13.2%39.0%9.4%46.4%3.2%-0.5%2.7M-335.9M-8.9M1.028.8612,74813,042395,132431,789
2021-04-23$75.97$81.0043.1%12.4%38.9%3.1%43.6%2.1%-1.2%7.9M-429.3M-8.8M0.149.2440,6705,798402,130434,622
2021-04-26$77.99$81.0042.6%12.3%39.1%2.0%43.2%3.8%-0.6%14.8M-652.9M-8.9M0.619.8711,3726,986411,458430,511
2021-04-27$79.47$81.0042.7%12.3%39.2%2.2%43.8%3.3%-0.9%19.6M-798.3M-9.1M0.527.3727,26614,116410,037432,319
2021-04-28$83.22$81.0043.0%12.5%42.6%3.0%43.8%2.3%-0.5%33.8M-1.31B-9.2M0.348.2528,7339,816424,557441,902
2021-04-29$82.72$81.0042.8%12.5%42.6%2.6%44.4%0.7%-0.2%36.1M-1.30B-9.5M0.267.9546,62912,053443,118445,581
2021-04-30$80.05$81.0044.2%13.0%40.7%6.4%46.5%0.3%-1.9%21.6M-952.8M-9.3M0.215.7226,2815,468445,326446,513