XOP Options History — February 2022

In February 2022, XOP traded between $106.81 and $116.42. ATM implied volatility averaged 48.8%, placing in the 60.0% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded above realized volatility by 8.6% (HV 20d: 40.2%). Max pain ranged from $100.00 to $105.00. Net GEX was positive for 5 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 1.39.

Notable Days

  • 2022-02-08: Highest Volume — 124,449 contracts
  • 2022-02-25: Largest IV drop — 11.7% change
  • 2022-02-14: Highest IV Rank — 86.0%
  • 2022-02-23: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$110.38$106.81$116.42$110.84$116.42
Max Pain$102.53$100.00$105.00$105.00$105.00
ATM IV48.8%44.3%53.5%45.8%49.7%
Expected Move14.1%12.9%15.8%13.5%15.0%
HV 20d40.2%33.2%46.5%46.5%36.9%
HV 60d43.1%39.6%45.1%44.9%40.0%
IV Rank60.0%35.7%86.0%43.6%65.3%
IV Percentile80.3%56.7%97.2%64.7%86.9%
Term Structure-0.3%-1.5%0.6%0.1%-0.7%
VWIV50.8%46.3%54.5%48.7%53.1%
Skew 25d4.9%3.8%6.5%4.5%5.2%
Skew 10d9.6%7.7%11.3%8.4%10.3%
Call IV 25d47.3%43.3%51.9%44.8%47.9%
Put IV 25d52.2%47.2%57.0%49.2%53.1%
Bid-Ask Spread %8.076.0510.709.568.61
Gamma HHI0.060.040.080.040.05
Net GEX-12.0M-36.6M12.1M8.8M-435.3K
Net DEX-414.0M-822.3M70.7M-684.3M-821.3M
Net VEX-8.7M-9.5M-7.5M-7.5M-8.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.390.654.591.621.13
Total Volume56,073.63231,493124,44950,71349,396
Total OI756,568.053643,012849,583643,012790,126

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-02-01$110.84$105.0045.8%13.5%46.5%43.6%48.7%4.5%0.1%8.8M-684.3M-7.5M1.629.5619,33731,376212,853430,159
2022-02-02$111.83$105.0044.3%12.9%44.2%35.7%49.0%3.8%0.2%9.0M-727.7M-7.6M1.787.7225,04744,557217,657437,502
2022-02-03$110.18$100.0047.7%13.6%42.5%54.3%49.2%4.5%-0.9%4.2M-609.6M-8.2M1.577.8519,19930,227225,267447,100
2022-02-04$112.62$100.0046.6%13.4%41.5%48.3%47.5%3.9%0.2%12.1M-822.3M-8.0M0.908.3835,23231,563228,148460,263
2022-02-07$111.56$100.0048.0%13.8%41.6%55.7%49.5%4.5%-0.0%6.3M-682.4M-8.1M0.828.7528,10522,985227,279447,109
2022-02-08$107.23$100.0047.8%13.8%43.9%54.4%52.9%4.1%0.2%-7.1M-326.2M-8.3M4.597.4922,268102,181227,134452,876
2022-02-09$109.61$101.0045.2%13.1%40.7%40.5%48.6%3.9%0.2%-10.8M-386.5M-8.6M1.707.9411,67019,823231,682530,981
2022-02-10$109.28$102.0047.0%13.5%40.5%50.6%52.7%4.8%0.5%-12.6M-351.4M-8.8M3.018.1425,83377,871230,278536,986
2022-02-11$114.06$101.0051.5%14.8%42.4%75.1%53.1%5.6%0.6%-1.6M-730.7M-9.1M0.6510.7045,62929,727235,665568,565
2022-02-14$111.05$102.0053.5%15.3%42.5%86.0%54.2%5.1%-0.8%-17.6M-335.7M-9.5M0.9910.0216,98516,792229,559566,118
2022-02-15$109.63$102.0049.3%14.1%42.4%62.8%49.6%4.8%0.0%-22.7M-231.9M-9.3M1.036.4617,56618,061235,508567,934
2022-02-16$109.58$102.0046.1%13.2%42.3%45.4%46.3%4.6%0.1%-27.3M-233.8M-9.1M1.037.8425,79126,683238,904587,337
2022-02-17$109.70$103.0050.1%14.4%40.9%67.2%51.2%5.4%-0.9%-25.6M-232.1M-9.5M0.967.1918,18417,378250,448595,536
2022-02-18$108.31$104.0050.5%14.6%37.3%69.4%50.7%5.7%-0.8%-28.5M-76.9M-9.3M0.906.8224,21021,881250,376599,207
2022-02-22$106.81$104.0051.6%15.0%37.7%75.6%52.5%5.9%-0.9%-36.6M70.7M-9.3M0.856.0521,26018,120207,175562,509
2022-02-23$107.90$104.0053.3%15.8%33.5%84.9%54.5%5.1%-0.9%-31.9M-65.0M-9.1M0.686.6621,09314,360212,141565,803
2022-02-24$109.69$104.0052.3%15.3%33.2%79.6%54.4%6.5%-1.5%-28.2M-201.6M-8.8M0.789.3929,45622,923210,647567,450
2022-02-25$110.99$104.0046.2%13.5%33.3%46.0%47.7%4.6%-0.4%-17.9M-417.1M-8.3M1.357.7226,61836,012214,233576,278
2022-02-28$116.42$105.0049.7%15.0%36.9%65.3%53.1%5.2%-0.7%-435.3K-821.3M-8.1M1.138.6123,19826,198211,573578,553