XOP Options History — August 2021

In August 2021, XOP traded between $72.44 and $83.58. ATM implied volatility averaged 41.0%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded below realized volatility by 1.3% (HV 20d: 42.3%). Max pain ranged from $81.00 to $87.00. Net GEX was positive for 9 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 2.07.

Notable Days

  • 2021-08-05: Highest Volume — 134,802 contracts
  • 2021-08-20: Largest IV drop — 8.9% change
  • 2021-08-19: Highest IV Rank — 28.0%
  • 2021-08-19: Largest Expected Move — 13.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$79.90$72.44$83.58$81.33$82.63
Max Pain$84.02$81.00$87.00$87.00$81.00
ATM IV41.0%38.5%45.8%43.7%38.7%
Expected Move11.8%10.9%13.1%12.6%11.2%
HV 20d42.3%34.7%47.5%45.6%43.6%
HV 60d41.0%39.8%42.3%41.3%41.6%
IV Rank11.2%2.5%28.0%20.7%3.1%
IV Percentile9.9%0.4%35.7%23.4%1.2%
Term Structure0.3%-1.1%2.1%-0.6%0.6%
VWIV42.4%38.7%49.0%44.9%39.5%
Skew 25d4.4%2.2%7.2%4.3%5.6%
Skew 10d10.7%7.8%21.6%10.2%8.0%
Call IV 25d39.6%34.7%43.1%42.7%34.7%
Put IV 25d44.0%39.8%50.3%47.0%40.3%
Bid-Ask Spread %6.183.7610.956.945.25
Gamma HHI0.070.060.090.070.06
Net GEX-8.7M-37.8M13.9M4.1M5.7M
Net DEX38.2M-546.2M1.01B-263.0M-363.1M
Net VEX-10.2M-11.2M-8.7M-9.0M-11.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.070.308.060.681.02
Total Volume48,137.45521,846134,80226,15826,230
Total OI991,786.636898,7011,104,057910,8291,007,112

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-08-02$81.33$87.0043.7%12.6%45.6%20.7%44.9%4.3%-0.6%4.1M-263.0M-9.0M0.686.9415,60110,557478,547432,282
2021-08-03$82.69$86.5043.8%12.0%44.6%21.0%44.3%6.6%-0.6%5.1M-346.9M-9.1M1.105.5210,42211,424459,309439,392
2021-08-04$79.44$86.0043.2%12.8%45.9%18.8%45.4%5.1%0.2%-8.4M-4.2M-8.7M1.275.8819,67425,019463,279444,582
2021-08-05$81.24$85.0041.8%12.1%47.0%14.0%44.8%3.6%-0.3%-1.8M-194.2M-8.8M8.064.5614,880119,922464,395446,839
2021-08-06$82.06$85.0040.0%11.6%45.9%7.8%43.2%3.5%-0.1%13.9M-264.6M-8.9M2.465.7320,35950,176473,875455,457
2021-08-09$80.85$85.0041.7%11.9%46.0%13.6%41.2%3.4%0.3%-7.8M-73.0M-9.5M0.833.7618,26615,244464,407507,081
2021-08-10$83.01$85.0041.0%11.8%47.5%11.1%49.0%3.6%0.4%1.4M-268.2M-10.0M7.405.7712,84395,064468,077521,637
2021-08-11$83.17$85.0039.8%11.6%43.6%7.1%40.7%3.1%0.6%2.0M-285.7M-9.9M1.717.1518,43131,539473,634528,413
2021-08-12$82.99$85.0039.0%11.4%43.3%4.1%40.9%3.3%0.7%1.1M-232.6M-10.2M3.846.986,96826,769477,171535,094
2021-08-13$80.26$85.0038.5%11.3%42.3%2.5%41.3%3.4%2.1%-21.5M119.3M-10.5M1.814.969,13316,495483,857559,060
2021-08-16$77.83$85.0040.4%11.6%40.5%8.9%41.7%3.9%0.7%-28.9M418.1M-10.8M1.326.3810,84514,350477,480572,876
2021-08-17$77.06$85.0042.5%12.2%38.6%16.5%43.4%5.1%0.7%-31.2M520.2M-10.7M2.256.5313,10929,534478,723580,817
2021-08-18$75.48$84.0044.2%12.7%34.7%22.3%44.2%4.4%0.8%-34.6M664.0M-10.7M3.6210.9510,90139,425481,131581,824
2021-08-19$72.44$84.0045.8%13.1%36.6%28.0%45.6%7.2%-1.1%-37.8M993.2M-10.4M1.988.9329,00157,363488,735598,120
2021-08-20$73.17$84.0041.8%11.9%37.0%13.8%42.6%6.5%0.2%-30.1M1.01B-10.5M1.424.9316,85724,012493,412610,645
2021-08-23$76.91$82.0039.4%11.2%40.0%5.6%40.8%4.5%-0.2%-19.6M346.1M-10.7M0.484.7329,26714,055384,450558,157
2021-08-24$79.24$82.0039.0%11.1%40.2%4.3%40.2%4.5%0.5%-11.9M75.9M-10.9M0.695.8621,20014,712390,924566,009
2021-08-25$80.69$82.0038.7%10.9%39.7%3.3%38.8%2.2%0.0%-619.9K-135.5M-11.1M0.745.9523,81317,572410,619568,031
2021-08-26$79.42$82.0040.9%11.9%40.0%10.8%42.5%5.7%0.4%-2.5M-7.4M-11.0M1.786.999,58417,022418,657573,687
2021-08-27$83.58$82.0039.1%10.9%44.0%4.6%39.0%4.1%-0.0%7.6M-546.2M-11.2M0.866.4124,19420,894424,546583,776
2021-08-30$82.24$81.0038.8%11.1%44.0%3.4%38.7%3.8%0.7%3.9M-320.4M-11.0M0.305.7535,68210,616416,647576,540
2021-08-31$82.63$81.0038.7%11.2%43.6%3.1%39.5%5.6%0.6%5.7M-363.1M-11.0M1.025.2512,98113,249424,172582,940