XOP Options History — April 2022

In April 2022, XOP traded between $129.59 and $145.74. ATM implied volatility averaged 45.9%, placing in the 31.0% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 10.5% (HV 20d: 35.3%). Max pain ranged from $129.00 to $139.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 1.39.

Notable Days

  • 2022-04-25: Highest Volume — 175,963 contracts
  • 2022-04-21: Largest IV spike — 12.8% change
  • 2022-04-26: Highest IV Rank — 68.0%
  • 2022-04-26: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$137.75$129.59$145.74$138.36$131.80
Max Pain$131.53$129.00$139.00$129.00$135.00
ATM IV45.9%41.2%55.5%41.6%54.0%
Expected Move13.2%11.7%16.4%12.1%15.8%
HV 20d35.3%29.2%40.2%39.2%37.2%
HV 60d38.0%36.1%39.7%39.7%38.1%
IV Rank31.0%13.2%68.0%14.7%62.4%
IV Percentile57.8%22.2%97.2%27.4%95.6%
Term Structure-0.5%-1.7%0.7%0.7%-1.0%
VWIV47.2%41.5%58.6%44.5%55.9%
Skew 25d3.8%1.4%6.7%1.4%6.7%
Skew 10d7.8%3.6%13.5%3.6%12.5%
Call IV 25d44.6%40.4%53.0%41.2%51.7%
Put IV 25d48.3%42.5%59.1%42.5%58.4%
Bid-Ask Spread %12.598.5616.7612.129.64
Gamma HHI0.060.030.110.090.08
Net GEX2.6M-36.1M28.6M28.6M-36.1M
Net DEX-986.6M-1.62B-106.5M-1.43B-292.9M
Net VEX-8.1M-9.2M-7.3M-8.0M-9.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.390.504.980.681.11
Total Volume56,773.214,714175,96340,47139,296
Total OI557,167.8483,459612,135579,892612,135

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-04-01$138.36$129.0041.6%12.1%39.2%14.7%44.5%1.4%0.7%28.6M-1.43B-8.0M0.6812.1224,10916,362229,535350,357
2022-04-04$138.81$129.0042.3%12.1%39.2%17.3%43.2%1.7%-0.1%28.0M-1.43B-7.8M0.659.7737,84024,626227,624339,957
2022-04-05$135.79$129.0042.1%12.2%40.2%16.5%42.7%2.1%0.3%14.9M-1.09B-8.1M0.5012.2247,14223,529223,594347,987
2022-04-06$135.35$129.0042.8%12.3%39.9%19.2%43.5%2.8%-0.2%7.2M-1.02B-8.2M1.1012.1117,56919,363222,886352,569
2022-04-07$137.12$129.0042.5%12.4%39.5%18.0%44.3%3.6%0.2%10.6M-1.16B-8.0M1.3912.5422,08130,623222,398353,760
2022-04-08$140.45$129.0042.5%12.2%39.7%18.1%43.3%2.8%0.1%21.4M-1.42B-8.0M0.9815.4925,32424,833221,177357,745
2022-04-11$137.27$129.0044.3%12.7%35.0%25.0%44.1%3.1%-0.0%11.1M-1.14B-7.9M0.9516.7628,06126,639213,085352,338
2022-04-12$139.01$130.0044.1%12.5%34.4%24.4%45.2%3.3%-0.6%16.1M-1.29B-7.9M0.9215.5920,56118,887213,412353,008
2022-04-13$142.80$130.0041.2%11.7%35.0%13.2%41.5%2.9%-0.4%27.2M-1.59B-7.4M1.2011.5825,45830,544214,744350,996
2022-04-14$143.27$130.0041.9%11.9%30.2%15.6%43.8%3.1%-0.2%9.6M-1.62B-7.7M1.2014.9723,34828,125223,868364,284
2022-04-18$145.20$130.0042.9%12.3%29.9%19.8%43.9%3.9%0.3%11.8M-1.30B-7.5M0.8914.1719,49217,271177,025306,434
2022-04-19$143.63$130.0042.5%12.2%29.4%17.9%43.2%3.6%-0.1%10.2M-1.21B-7.6M1.0014.8927,07727,017184,115309,487
2022-04-20$145.74$130.0042.0%12.0%29.2%16.3%43.2%3.3%-0.7%12.4M-1.33B-7.3M1.0113.9017,30717,487181,841308,895
2022-04-21$138.82$130.0047.4%13.6%34.6%36.9%49.2%3.8%-0.4%169.4K-916.0M-7.9M2.3312.8823,93855,837185,031311,662
2022-04-22$133.80$139.0050.0%14.4%37.2%47.1%51.6%4.4%-1.4%-19.1M-422.5M-8.6M3.4112.6019,47466,396187,055346,300
2022-04-25$130.67$138.5052.3%15.1%34.3%55.6%54.8%4.9%-1.5%-24.0M-163.4M-8.8M4.9812.6829,447146,516182,864358,301
2022-04-26$129.59$135.0055.5%16.4%33.1%68.0%58.6%6.1%-1.7%-28.1M-106.5M-9.2M1.738.5615,83427,352188,689389,715
2022-04-27$131.55$135.0054.1%15.8%33.6%62.9%54.3%6.6%-1.4%-29.0M-229.4M-9.1M0.839.088,0436,671190,961397,535
2022-04-28$135.98$135.0051.3%15.0%35.6%51.9%53.7%5.3%-1.3%-21.2M-573.6M-8.6M0.9310.3028,96527,020191,804398,183
2022-04-29$131.80$135.0054.0%15.8%37.2%62.4%55.9%6.7%-1.0%-36.1M-292.9M-9.1M1.119.6418,62220,674205,629406,506