XOP Options History — July 2021

In July 2021, XOP traded between $78.48 and $99.17. ATM implied volatility averaged 43.6%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 0.9% (HV 20d: 42.7%). Max pain ranged from $87.00 to $97.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.74.

Notable Days

  • 2021-07-16: Highest Volume — 120,441 contracts
  • 2021-07-19: Largest IV spike — 11.9% change
  • 2021-07-19: Highest IV Rank — 36.4%
  • 2021-07-19: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$87.29$78.48$99.17$99.17$82.67
Max Pain$90.62$87.00$97.00$96.00$87.00
ATM IV43.6%40.5%48.2%41.2%42.3%
Expected Move12.4%11.1%13.8%11.2%11.8%
HV 20d42.7%34.1%48.1%34.1%45.6%
HV 60d40.1%38.0%42.2%38.1%41.1%
IV Rank20.3%9.3%36.4%12.0%15.6%
IV Percentile18.7%4.0%42.9%4.8%11.9%
Term Structure0.0%-1.7%1.8%1.0%0.5%
VWIV44.1%40.3%48.5%40.8%42.6%
Skew 25d2.3%-1.7%6.0%-0.3%3.1%
Skew 10d6.7%-1.2%16.5%0.7%9.0%
Call IV 25d43.6%41.4%48.1%42.1%41.7%
Put IV 25d45.9%40.9%52.2%41.8%44.9%
Bid-Ask Spread %5.993.2912.053.976.23
Gamma HHI0.070.060.130.130.06
Net GEX6.5M-19.8M72.8M72.8M7.4M
Net DEX-527.1M-1.81B367.5M-1.81B-326.0M
Net VEX-9.2M-9.7M-8.6M-9.2M-9.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.331.520.590.56
Total Volume60,414.47624,915120,441105,24149,141
Total OI922,174.714836,419998,922889,361936,835

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-07-01$99.17$96.0041.2%11.2%34.1%12.0%40.8%-0.3%1.0%72.8M-1.81B-9.2M0.593.9766,22539,016466,591422,770
2021-07-02$97.35$97.0040.5%11.1%34.8%9.3%40.3%-0.6%0.9%30.9M-1.46B-9.2M1.433.8319,25427,460486,537438,473
2021-07-06$93.24$93.0044.9%12.5%37.9%24.8%44.1%0.6%-1.7%9.0M-858.6M-8.9M0.333.2988,33529,060469,667426,609
2021-07-07$91.30$93.0044.5%12.5%38.2%23.3%44.3%1.7%-0.1%-4.7M-591.0M-8.8M1.324.4640,82354,078437,285435,308
2021-07-08$91.33$93.0045.6%12.8%38.2%27.4%45.0%2.5%-0.4%745.9K-623.5M-9.4M0.703.6125,25217,725459,934454,265
2021-07-09$93.73$93.0042.9%12.1%39.6%17.9%42.8%2.0%0.0%13.1M-964.9M-9.3M0.553.9652,61929,077469,291475,072
2021-07-12$93.26$93.0042.3%12.0%39.6%15.6%42.6%1.7%-0.3%13.9M-991.2M-9.3M1.523.5110,40515,804486,715465,198
2021-07-13$92.15$93.0042.8%12.2%39.6%17.4%43.4%-0.3%-0.1%6.0M-822.3M-9.4M0.853.6615,80213,393490,706464,071
2021-07-14$87.17$93.0041.5%12.2%43.3%13.0%44.5%3.0%1.8%-19.8M-95.2M-9.1M1.243.8739,14948,559499,492471,873
2021-07-15$85.65$93.0041.8%12.0%43.4%13.9%42.4%2.4%-0.0%-18.4M92.8M-9.0M0.474.7731,57114,915511,130485,123
2021-07-16$82.16$92.0043.1%12.3%42.7%18.5%43.2%4.2%-0.2%-14.3M367.5M-8.8M0.845.5765,58254,859521,377477,545
2021-07-19$78.48$90.0048.2%13.8%44.7%36.4%48.0%6.0%-1.3%-12.7M157.4M-8.6M0.846.6352,51144,348416,226420,193
2021-07-20$81.13$88.0045.2%12.9%43.9%25.7%45.1%3.8%-0.8%-5.3M-116.5M-9.2M0.538.3236,79119,479436,418433,508
2021-07-21$84.87$87.0043.6%12.5%47.4%20.3%45.2%3.7%-0.3%7.7M-552.0M-9.5M0.3810.9755,53621,015455,414444,922
2021-07-22$83.15$87.0043.7%12.5%47.0%20.6%43.5%3.3%-0.5%-234.4K-326.3M-9.6M0.338.7123,4377,685467,540457,955
2021-07-23$82.12$87.0043.6%12.5%46.3%20.4%45.9%3.0%-0.2%5.9M-267.9M-9.5M1.036.9116,10816,532483,839461,777
2021-07-26$84.72$87.0045.5%13.1%48.1%26.8%46.5%3.0%-0.2%14.7M-589.8M-9.7M0.467.1120,5659,357464,526423,561
2021-07-27$81.85$87.0046.4%13.5%46.7%30.0%48.5%4.1%1.2%5.5M-312.6M-9.5M0.438.3029,93812,781472,294433,626
2021-07-28$83.88$87.0044.0%12.7%48.0%21.8%45.4%-1.7%0.6%12.0M-517.3M-9.5M0.6012.0518,44811,154477,818439,621
2021-07-29$83.80$87.0042.5%12.2%47.3%16.3%42.7%2.7%0.6%11.7M-465.7M-9.4M0.646.1315,1539,762479,626444,938
2021-07-30$82.67$87.0042.3%11.8%45.6%15.6%42.6%3.1%0.5%7.4M-326.0M-9.2M0.566.2331,55917,582486,827450,008