XOP Options History — May 2021

In May 2021, XOP traded between $81.84 and $89.49. ATM implied volatility averaged 44.6%, placing in the 7.9% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 4.9% (HV 20d: 39.8%). Max pain ranged from $70.00 to $81.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.51.

Notable Days

  • 2021-05-13: Highest Volume — 99,793 contracts
  • 2021-05-12: Largest IV spike — 9.1% change
  • 2021-05-12: Highest IV Rank — 23.5%
  • 2021-05-12: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$86.08$81.84$89.49$83.10$88.83
Max Pain$74.60$70.00$81.00$81.00$77.00
ATM IV44.6%39.9%50.5%42.9%39.9%
Expected Move12.8%11.1%14.5%12.8%11.1%
HV 20d39.8%37.0%43.1%39.7%37.1%
HV 60d42.7%41.9%44.4%44.4%42.0%
IV Rank7.9%0.0%23.5%2.8%0.0%
IV Percentile11.9%0.0%43.7%2.0%0.0%
Term Structure0.1%-0.9%1.3%-0.1%0.3%
VWIV45.3%39.8%50.8%46.2%39.8%
Skew 25d2.8%0.6%5.4%0.6%1.3%
Skew 10d7.4%1.6%12.8%1.6%5.3%
Call IV 25d44.0%39.9%50.0%43.2%39.9%
Put IV 25d46.8%41.2%54.1%43.7%41.2%
Bid-Ask Spread %34.825.6751.935.6725.91
Gamma HHI0.080.060.100.080.10
Net GEX50.2M27.6M80.6M35.8M55.3M
Net DEX-1.69B-2.34B-1.05B-1.30B-1.91B
Net VEX-9.5M-10.1M-8.9M-9.1M-8.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.181.800.520.19
Total Volume51,419.7519,31199,79319,31142,667
Total OI977,354.1880,2721,068,465880,2721,009,681

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-05-03$83.10$81.0042.9%12.8%39.7%2.8%46.2%0.6%-0.1%35.8M-1.30B-9.1M0.525.6712,6876,624441,682438,590
2021-05-04$82.70$81.0043.6%13.0%39.6%4.7%46.2%1.2%0.3%35.2M-1.24B-9.3M0.7511.3618,38813,777446,319442,266
2021-05-05$84.77$81.0043.8%13.0%40.5%5.2%46.0%1.2%-0.2%40.9M-1.51B-9.4M0.516.2736,03618,224447,125451,873
2021-05-06$84.27$70.0043.1%12.4%39.3%3.5%44.5%1.4%0.2%37.6M-1.41B-9.5M0.6227.3419,56112,032452,588463,366
2021-05-07$86.58$71.0041.9%12.0%39.4%0.2%42.2%0.7%-0.9%50.6M-1.79B-9.2M0.3048.3628,0478,553463,530470,488
2021-05-10$86.08$71.0043.5%12.5%38.3%4.3%43.2%1.9%0.3%48.2M-1.67B-9.2M0.2047.1556,47011,192465,331464,417
2021-05-11$84.59$71.0046.3%13.3%39.2%12.0%46.5%3.3%0.5%41.8M-1.46B-9.5M0.3139.3843,20013,391485,758470,335
2021-05-12$84.38$71.0050.5%14.5%37.0%23.5%50.5%4.1%0.5%41.5M-1.45B-9.8M0.2033.7045,7248,948504,858477,896
2021-05-13$81.84$71.0049.5%14.1%38.4%20.8%49.8%5.4%-0.3%28.7M-1.05B-10.1M0.2539.9979,84419,949514,925482,804
2021-05-14$86.20$72.0046.5%13.2%41.7%12.6%46.3%3.7%-0.0%71.6M-1.85B-10.1M0.1845.0341,9647,578545,464489,492
2021-05-17$89.49$73.0047.6%13.7%43.1%15.7%50.8%4.1%-0.7%72.6M-2.34B-9.8M1.8044.4035,58063,997533,587483,972
2021-05-18$89.03$74.0046.9%13.4%38.6%13.7%46.4%3.6%-0.3%80.6M-2.33B-10.0M0.2348.2941,0989,255547,713491,751
2021-05-19$86.28$74.0049.1%14.1%41.0%19.7%49.5%5.4%0.6%65.3M-1.81B-10.0M0.4146.8128,13011,564550,612495,017
2021-05-20$86.35$75.0045.1%12.9%40.9%8.7%45.2%4.3%0.4%69.7M-1.84B-9.7M0.6346.7025,58616,126558,673501,089
2021-05-21$86.99$75.0043.7%12.4%40.9%4.9%44.4%3.6%1.3%55.0M-2.02B-9.5M1.0051.9324,88224,773556,568511,897
2021-05-24$87.76$75.0041.8%12.0%40.2%0.0%42.6%2.6%1.1%38.2M-1.61B-9.4M0.6730.0238,89826,194453,747474,251
2021-05-25$85.49$75.0043.3%12.2%41.5%4.0%44.1%2.9%-0.3%27.6M-1.38B-9.3M0.5825.7337,12121,472476,372489,861
2021-05-26$87.83$77.0042.2%11.9%39.4%1.1%41.8%2.7%-0.1%46.4M-1.76B-9.4M0.5041.4427,15813,446490,133501,309
2021-05-27$88.99$77.0041.7%11.6%39.4%0.0%40.8%2.6%-0.2%60.8M-1.96B-9.1M0.3030.8929,4938,766493,795507,947
2021-05-28$88.83$77.0039.9%11.1%37.1%0.0%39.8%1.3%0.3%55.3M-1.91B-8.9M0.1925.9135,7626,905493,451516,230