XOP Options History — June 2021

In June 2021, XOP traded between $91.33 and $99.74. ATM implied volatility averaged 40.8%, placing in the 7.8% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 3.8% (HV 20d: 37.0%). Max pain ranged from $77.00 to $96.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.55.

Notable Days

2021-06-17: Highest Volume — 145,396 contracts
2021-06-18: Largest IV spike — 7.8% change
2021-06-18: Highest IV Rank — 25.6%
2021-06-18: Largest Expected Move — 13.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$96.44	$91.33	$99.74	$94.87	$96.58
Max Pain	$93.00	$77.00	$96.00	$77.00	$96.00
ATM IV	40.8%	37.8%	45.5%	40.8%	41.4%
Expected Move	11.6%	10.9%	13.0%	11.3%	11.5%
HV 20d	37.0%	31.5%	41.5%	41.5%	32.8%
HV 60d	40.2%	37.8%	43.6%	43.5%	37.9%
IV Rank	7.8%	0.0%	25.6%	2.5%	12.7%
IV Percentile	3.9%	0.0%	19.8%	0.4%	5.6%
Term Structure	0.1%	-1.1%	0.8%	-1.1%	0.8%
VWIV	42.0%	39.0%	46.2%	40.8%	42.9%
Skew 25d	0.1%	-1.6%	1.7%	1.2%	-0.6%
Skew 10d	0.1%	-13.7%	6.0%	3.4%	1.0%
Call IV 25d	41.9%	38.1%	46.0%	40.8%	42.9%
Put IV 25d	42.0%	38.9%	47.7%	42.0%	42.3%
Bid-Ask Spread %	11.58	2.81	31.47	31.47	2.81
Gamma HHI	0.14	0.08	0.19	0.13	0.10
Net GEX	56.8M	20.6M	86.0M	86.0M	32.1M
Net DEX	-2.22B	-3.06B	-1.18B	-2.82B	-1.34B
Net VEX	-8.8M	-9.2M	-8.4M	-8.5M	-9.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.55	0.12	1.35	0.57	0.25
Total Volume	58,459.727	17,617	145,396	94,354	101,252
Total OI	930,288.682	711,963	1,074,370	973,523	817,840

Daily Data (22 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
2021-06-01	$94.87	$77.00	40.8%	11.3%	41.5%	2.5%	40.8%	1.2%	-1.1%	86.0M	-2.82B	-8.5M	0.57	31.47	60,121	34,233	501,331	472,192
2021-06-02	$96.38	$77.00	41.3%	11.6%	41.4%	3.6%	40.8%	0.8%	-0.6%	75.6M	-2.91B	-8.6M	0.39	16.62	69,780	27,507	488,026	492,183
2021-06-03	$96.75	$92.00	41.6%	11.9%	40.9%	4.4%	41.9%	0.9%	-0.7%	68.8M	-2.87B	-8.8M	0.80	8.74	18,380	14,626	483,781	503,754
2021-06-04	$96.56	$93.00	39.8%	11.3%	40.7%	0.0%	40.3%	1.1%	-0.9%	67.2M	-2.86B	-8.7M	0.30	9.84	33,616	10,178	488,436	514,275
2021-06-07	$97.37	$93.00	40.3%	11.5%	40.0%	1.4%	41.5%	0.4%	-0.2%	71.5M	-2.94B	-8.6M	1.35	6.56	14,364	19,439	490,732	492,812
2021-06-08	$98.37	$93.00	38.7%	11.1%	39.8%	0.0%	39.4%	0.4%	0.1%	73.4M	-3.06B	-8.9M	0.39	9.77	34,089	13,446	497,567	508,928
2021-06-09	$97.76	$93.00	40.0%	11.6%	39.1%	3.2%	40.7%	0.4%	0.2%	70.7M	-2.94B	-9.0M	0.54	11.70	26,330	14,258	500,655	516,709
2021-06-10	$97.02	$93.00	38.9%	11.2%	39.3%	0.4%	39.5%	0.6%	0.3%	71.0M	-2.67B	-8.9M	1.22	16.70	11,017	13,487	487,263	517,335
2021-06-11	$97.12	$95.00	37.8%	10.9%	36.8%	0.0%	39.0%	0.8%	0.4%	77.3M	-2.69B	-8.8M	0.47	14.99	11,953	5,664	490,765	524,340
2021-06-14	$96.17	$95.00	38.6%	11.1%	33.6%	2.1%	40.1%	0.4%	0.3%	74.4M	-2.50B	-8.7M	0.50	17.43	19,529	9,749	483,502	512,672
2021-06-15	$97.66	$95.00	38.8%	11.2%	31.7%	3.0%	39.8%	1.1%	0.3%	80.0M	-2.75B	-8.4M	0.41	8.24	30,759	12,516	490,005	517,441
2021-06-16	$97.72	$95.00	40.9%	11.7%	31.5%	9.7%	41.7%	0.8%	-0.2%	84.9M	-2.76B	-8.4M	0.29	22.97	48,655	13,894	499,399	527,502
2021-06-17	$93.15	$95.00	42.2%	12.1%	34.4%	14.0%	44.5%	0.2%	0.4%	52.8M	-1.90B	-8.7M	0.34	12.51	108,541	36,855	513,885	537,750
2021-06-18	$91.33	$95.00	45.5%	13.0%	35.4%	25.6%	46.0%	1.7%	0.6%	20.6M	-1.59B	-8.8M	0.38	10.73	44,915	17,178	523,084	551,286
2021-06-21	$95.01	$95.00	42.4%	12.3%	37.7%	15.4%	46.2%	-0.8%	0.1%	22.5M	-1.29B	-8.7M	0.12	8.49	58,686	7,088	348,366	363,597
2021-06-22	$95.99	$95.00	42.6%	12.0%	37.7%	16.2%	45.4%	-1.6%	-0.7%	33.1M	-1.45B	-8.9M	0.52	7.18	37,444	19,432	387,670	367,223
2021-06-23	$97.48	$95.00	41.6%	11.6%	36.1%	12.8%	42.3%	-1.2%	-0.0%	42.0M	-1.59B	-8.9M	0.75	8.03	39,728	29,661	405,061	434,175
2021-06-24	$98.70	$96.00	41.3%	11.8%	35.4%	11.8%	42.7%	-1.5%	0.3%	39.9M	-1.62B	-9.2M	0.26	10.50	23,505	6,147	398,980	395,724
2021-06-25	$99.74	$96.00	39.8%	10.9%	35.3%	6.6%	42.1%	-1.1%	0.6%	53.0M	-1.80B	-9.0M	0.27	7.89	46,812	12,592	402,400	399,080
2021-06-28	$94.99	$96.00	41.6%	11.8%	40.2%	12.9%	42.6%	-0.5%	0.5%	26.4M	-1.18B	-8.7M	0.75	4.76	44,711	33,548	385,364	380,865
2021-06-29	$95.00	$96.00	41.9%	11.9%	32.8%	14.2%	43.2%	-0.5%	0.8%	25.4M	-1.19B	-8.9M	1.27	6.81	22,222	28,207	405,008	447,388
2021-06-30	$96.58	$96.00	41.4%	11.5%	32.8%	12.7%	42.9%	-0.6%	0.8%	32.1M	-1.34B	-9.1M	0.25	2.81	80,996	20,256	407,297	410,543