XOP Options History — November 2021

In November 2021, XOP traded between $98.12 and $111.52. ATM implied volatility averaged 44.0%, placing in the 26.8% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 7.5% (HV 20d: 36.5%). Max pain ranged from $91.00 to $100.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 9 of 21 days. Put/call ratio averaged 2.61.

Notable Days

2021-11-29: Highest Volume — 195,953 contracts
2021-11-26: Largest IV spike — 19.7% change
2021-11-26: Highest IV Rank — 69.9%
2021-11-30: Largest Expected Move — 16.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$105.52	$98.12	$111.52	$109.86	$98.12
Max Pain	$95.29	$91.00	$100.00	$100.00	$96.00
ATM IV	44.0%	40.2%	53.7%	42.0%	52.3%
Expected Move	12.9%	11.5%	16.5%	12.3%	16.5%
HV 20d	36.5%	28.3%	48.1%	30.2%	46.6%
HV 60d	39.5%	37.5%	42.2%	39.5%	42.0%
IV Rank	26.8%	10.3%	69.9%	14.8%	63.8%
IV Percentile	38.3%	10.3%	92.9%	24.6%	89.3%
Term Structure	-0.3%	-2.7%	0.8%	-0.1%	-0.9%
VWIV	46.8%	41.1%	62.1%	44.1%	62.1%
Skew 25d	1.8%	-0.6%	5.7%	0.3%	5.5%
Skew 10d	3.8%	1.0%	11.0%	1.5%	11.0%
Call IV 25d	44.2%	40.3%	51.9%	43.0%	50.9%
Put IV 25d	46.0%	41.4%	57.6%	43.2%	56.4%
Bid-Ask Spread %	15.21	6.42	32.53	7.98	13.20
Gamma HHI	0.08	0.06	0.13	0.09	0.06
Net GEX	16.2M	-23.8M	49.4M	38.3M	-15.8M
Net DEX	-1.65B	-2.56B	-439.6M	-2.36B	-563.1M
Net VEX	-10.2M	-11.1M	-9.1M	-9.9M	-11.1M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.61	1.14	11.25	1.49	3.25
Total Volume	86,051.333	52,185	195,953	65,462	103,454
Total OI	1,252,210.952	1,163,468	1,304,415	1,230,995	1,239,137

Daily Data (21 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
2021-11-01	$109.86	$100.00	42.0%	12.3%	30.2%	14.8%	44.1%	0.3%	-0.1%	38.3M	-2.36B	-9.9M	1.49	7.98	26,312	39,150	428,454	802,541
2021-11-02	$108.48	$100.00	42.7%	12.6%	30.7%	19.5%	45.2%	0.5%	-0.2%	33.3M	-2.17B	-10.1M	1.95	8.24	18,128	35,326	432,303	805,501
2021-11-03	$107.70	$100.00	42.5%	12.8%	29.2%	19.4%	46.5%	-0.6%	0.8%	31.2M	-2.05B	-10.4M	11.25	13.85	14,757	166,087	438,456	811,420
2021-11-04	$106.60	$91.00	42.8%	12.2%	28.3%	21.9%	43.9%	0.9%	-0.5%	17.8M	-1.81B	-11.0M	3.10	22.77	14,695	45,570	439,161	838,670
2021-11-05	$109.82	$91.00	42.4%	12.2%	28.7%	20.4%	43.2%	1.1%	-0.0%	49.4M	-2.27B	-10.3M	1.14	22.88	42,213	48,181	439,916	837,619
2021-11-08	$111.52	$91.00	43.5%	12.5%	29.1%	25.0%	45.1%	0.8%	0.0%	44.2M	-2.56B	-9.8M	3.14	32.53	16,606	52,096	439,767	831,400
2021-11-09	$111.33	$94.00	42.8%	12.4%	28.8%	22.1%	43.9%	1.1%	0.5%	43.0M	-2.49B	-9.8M	1.76	30.29	21,154	37,321	441,510	833,268
2021-11-10	$105.76	$95.00	43.3%	12.4%	34.7%	24.3%	44.3%	1.2%	0.4%	16.3M	-1.69B	-10.5M	1.48	7.85	28,801	42,602	439,796	835,998
2021-11-11	$107.93	$95.00	41.8%	12.0%	35.1%	17.3%	42.6%	0.9%	0.3%	27.9M	-2.05B	-9.7M	2.41	6.42	15,294	36,891	440,142	840,903
2021-11-12	$107.21	$95.00	40.2%	11.6%	35.2%	10.4%	41.1%	1.1%	0.5%	26.8M	-1.92B	-9.5M	1.78	10.55	23,782	42,295	440,607	843,202
2021-11-15	$108.33	$95.00	40.7%	11.7%	35.4%	12.7%	47.3%	1.2%	-0.5%	36.5M	-2.11B	-9.1M	3.53	13.56	23,866	84,211	434,076	834,116
2021-11-16	$107.76	$95.00	40.2%	11.5%	35.3%	10.3%	41.1%	1.1%	0.2%	30.8M	-2.00B	-9.6M	1.71	11.03	22,616	38,684	445,178	836,203
2021-11-17	$103.23	$95.00	40.8%	11.7%	38.2%	13.1%	42.2%	0.9%	0.1%	-5.8M	-1.29B	-10.1M	1.97	25.77	19,556	38,602	444,941	845,009
2021-11-18	$103.94	$95.00	41.2%	11.8%	37.6%	14.8%	43.2%	1.9%	0.2%	-10.5M	-1.38B	-10.1M	1.84	19.39	23,600	43,348	447,487	849,110
2021-11-19	$98.34	$95.00	45.5%	13.0%	41.7%	33.8%	46.5%	2.3%	-0.0%	-23.8M	-439.6M	-10.3M	1.86	12.86	43,494	80,962	449,036	855,379
2021-11-22	$101.27	$95.00	45.8%	13.0%	41.4%	35.3%	48.5%	1.4%	-0.2%	-4.4M	-993.5M	-10.6M	1.90	10.59	30,529	57,946	362,414	801,054
2021-11-23	$104.17	$96.00	45.3%	13.2%	43.0%	33.0%	47.4%	2.7%	-1.0%	9.0M	-1.37B	-10.0M	2.49	8.99	20,835	51,946	374,078	805,623
2021-11-24	$105.99	$96.00	44.9%	13.0%	40.9%	31.1%	46.5%	4.5%	-1.5%	16.0M	-1.56B	-10.2M	1.76	9.68	24,201	42,566	382,867	809,972
2021-11-26	$98.78	$96.00	53.7%	16.2%	47.8%	69.9%	58.7%	5.7%	-2.7%	-14.7M	-663.4M	-11.0M	2.27	18.33	28,573	64,875	391,495	813,408
2021-11-29	$99.88	$95.00	49.0%	15.5%	48.1%	49.1%	59.8%	2.8%	-0.7%	-5.9M	-883.8M	-10.7M	2.83	12.57	51,230	144,723	393,436	821,777
2021-11-30	$98.12	$96.00	52.3%	16.5%	46.6%	63.8%	62.1%	5.5%	-0.9%	-15.8M	-563.1M	-11.1M	3.25	13.20	24,334	79,120	397,236	841,901