XOP Options History — January 2022

In January 2022, XOP traded between $100.50 and $110.73. ATM implied volatility averaged 45.6%, placing in the 35.8% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 2.2% (HV 20d: 43.4%). Max pain ranged from $90.00 to $105.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.48.

Notable Days

  • 2022-01-05: Highest Volume — 140,661 contracts
  • 2022-01-21: Largest IV spike — 11.9% change
  • 2022-01-24: Highest IV Rank — 70.4%
  • 2022-01-24: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$105.53$100.50$110.73$100.50$106.17
Max Pain$101.25$90.00$105.00$90.00$105.00
ATM IV45.6%38.4%53.8%39.8%47.9%
Expected Move13.2%10.8%15.9%11.3%14.3%
HV 20d43.4%39.5%47.1%39.5%46.4%
HV 60d42.7%39.5%44.6%39.5%44.1%
IV Rank35.8%2.4%70.4%8.8%55.0%
IV Percentile54.7%0.8%96.4%8.3%77.0%
Term Structure-0.1%-1.5%0.9%0.9%0.1%
VWIV47.3%40.1%57.1%40.5%51.1%
Skew 25d4.4%0.8%9.3%2.4%5.1%
Skew 10d9.1%4.0%16.5%5.8%10.9%
Call IV 25d44.2%38.1%50.4%39.5%46.2%
Put IV 25d48.6%40.6%57.9%41.9%51.3%
Bid-Ask Spread %12.465.0928.3224.407.57
Gamma HHI0.060.040.100.050.04
Net GEX12.3M-14.7M45.1M439.5K-4.1M
Net DEX-936.7M-1.85B39.9M-742.3M-304.5M
Net VEX-8.0M-8.3M-7.4M-8.3M-8.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.480.714.031.161.31
Total Volume76,17131,162140,66164,03831,162
Total OI900,331.9608,0471,067,528939,422634,957

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-01-03$100.50$90.0039.8%11.3%39.5%8.8%40.5%2.4%0.9%439.5K-742.3M-8.3M1.1624.4029,69334,345295,369644,053
2022-01-04$105.07$90.0038.4%10.8%40.6%2.4%40.1%2.4%0.4%20.4M-1.30B-7.6M1.2025.5536,66144,168301,192645,814
2022-01-05$101.58$90.0042.0%12.0%40.3%18.3%43.0%0.8%-0.4%9.5M-913.3M-8.1M4.0328.3227,992112,669312,093653,259
2022-01-06$105.27$100.0040.9%11.8%42.3%13.7%42.0%5.1%0.2%17.1M-1.21B-8.2M1.6010.5126,94443,158313,884689,581
2022-01-07$104.84$100.0041.0%11.9%41.9%14.0%43.2%1.5%0.0%23.8M-1.15B-8.3M1.4610.6924,93636,332317,760700,419
2022-01-10$103.36$100.0043.3%12.2%42.3%24.1%43.4%4.9%0.2%2.7M-933.2M-8.1M1.559.4024,18337,570307,656684,872
2022-01-11$108.80$100.0041.5%12.0%43.2%16.1%42.5%3.3%0.2%29.6M-1.61B-7.4M0.715.0959,01441,768311,972688,204
2022-01-12$110.08$100.0042.1%12.2%42.0%18.9%43.4%2.1%0.8%45.1M-1.76B-7.5M0.758.2861,98946,286330,876694,350
2022-01-13$107.68$104.0042.8%12.7%43.3%21.7%45.3%4.9%0.6%26.6M-1.46B-8.2M2.267.2522,50250,942348,037703,141
2022-01-14$110.73$103.0042.8%12.3%43.5%21.8%43.4%3.2%0.5%28.7M-1.85B-7.7M1.1010.5742,74646,963352,070710,910
2022-01-18$108.95$104.0046.1%13.2%43.8%36.4%46.4%3.1%-1.0%30.0M-1.60B-7.8M0.819.0352,16742,494344,517704,503
2022-01-19$108.36$104.0045.5%13.1%41.4%33.9%46.0%3.0%-0.8%35.6M-1.45B-7.7M1.7510.9526,21045,949347,245707,432
2022-01-20$105.33$105.0046.0%13.3%40.8%36.0%46.3%2.9%-1.5%17.3M-1.03B-7.9M1.3217.0530,64940,313350,000716,486
2022-01-21$100.62$105.0051.5%14.7%44.6%60.0%52.1%6.6%0.6%337.8K-420.3M-8.1M1.8610.9841,53977,165347,502720,026
2022-01-24$101.75$105.0053.8%15.9%44.7%70.4%57.1%9.3%-1.1%-14.7M39.9M-8.3M1.4210.9430,04742,691196,753411,978
2022-01-25$106.94$105.0052.6%15.4%46.5%65.1%55.2%7.5%-0.5%-2.3M-362.8M-8.0M1.099.3930,64733,317199,483408,564
2022-01-26$105.03$105.0052.9%15.7%47.1%66.3%56.7%6.2%-0.8%-5.6M-254.0M-8.2M1.5615.7422,48935,073205,177417,119
2022-01-27$104.84$105.0050.9%15.2%47.0%66.6%56.4%7.5%-0.8%-8.3M-206.9M-8.0M1.629.7417,78628,741211,864428,056
2022-01-28$104.76$105.0050.8%15.1%46.3%65.9%52.5%7.0%-0.2%-6.7M-197.7M-8.3M1.117.7220,90623,214216,987432,477
2022-01-31$106.17$105.0047.9%14.3%46.4%55.0%51.1%5.1%0.1%-4.1M-304.5M-8.0M1.317.5713,51717,645208,809426,148