XOP Options History — May 2022

In May 2022, XOP traded between $126.95 and $156.57. ATM implied volatility averaged 50.5%, placing in the 49.0% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded below realized volatility by 3.6% (HV 20d: 54.2%). Max pain ranged from $123.00 to $135.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 1.70.

Notable Days

  • 2022-05-03: Highest Volume — 90,196 contracts
  • 2022-05-09: Largest IV spike — 16.0% change
  • 2022-05-09: Highest IV Rank — 78.2%
  • 2022-05-09: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$138.95$126.95$156.57$131.29$153.73
Max Pain$128.52$123.00$135.00$135.00$135.00
ATM IV50.5%42.7%58.1%54.9%46.0%
Expected Move14.6%12.3%16.5%16.5%13.7%
HV 20d54.2%35.9%61.1%35.9%58.5%
HV 60d43.9%38.0%46.6%38.0%45.4%
IV Rank49.0%18.9%78.2%65.9%31.7%
IV Percentile81.6%42.9%99.2%96.4%65.5%
Term Structure-0.3%-1.0%0.5%-0.6%-0.4%
VWIV52.8%45.7%60.7%57.0%48.8%
Skew 25d6.3%5.1%7.5%7.2%5.9%
Skew 10d12.7%10.3%16.2%16.2%11.5%
Call IV 25d47.9%39.9%55.3%51.3%43.7%
Put IV 25d54.2%46.1%61.7%58.6%49.6%
Bid-Ask Spread %12.704.0219.7012.7012.89
Gamma HHI0.040.030.050.050.04
Net GEX-736.3K-22.1M19.8M-18.7M12.5M
Net DEX-818.5M-1.84B40.2M-304.9M-1.55B
Net VEX-8.2M-9.1M-6.9M-9.0M-6.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.700.843.180.841.84
Total Volume60,245.04835,70890,19635,70869,692
Total OI585,011.429531,935635,823585,629556,255

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$131.29$135.0054.9%16.5%35.9%65.9%57.0%7.2%-0.6%-18.7M-304.9M-9.0M0.8412.7019,43416,274195,765389,864
2022-05-03$137.77$135.0051.4%14.9%40.1%52.3%58.4%6.1%-0.1%-4.2M-823.2M-8.5M3.1810.5421,57268,624198,310392,268
2022-05-04$143.63$135.0046.4%13.4%41.9%33.0%47.6%5.1%0.1%12.7M-1.30B-8.1M2.0014.2322,02944,003202,142365,854
2022-05-05$139.38$123.0051.6%14.7%43.5%53.2%54.0%6.4%-1.0%3.9M-954.9M-8.5M1.6816.8718,62231,290207,650374,846
2022-05-06$141.13$123.0050.1%14.5%43.5%47.4%51.3%5.3%0.4%9.0M-1.11B-8.5M1.8117.1416,19429,372211,299379,018
2022-05-09$126.95$123.0058.1%16.5%56.9%78.2%58.0%6.4%-0.4%-17.4M-8.9M-9.1M1.8510.2424,68745,743205,805372,006
2022-05-10$127.15$124.0057.2%16.2%56.5%74.6%57.0%6.3%-0.7%-20.2M3.2M-9.0M1.2710.2517,05021,690206,820379,888
2022-05-11$129.13$124.0056.2%16.0%56.7%70.7%57.9%6.5%-0.5%-17.4M-150.9M-9.0M1.1511.6618,36121,086209,713382,631
2022-05-12$127.32$124.0056.6%16.3%55.6%72.5%60.7%6.3%0.5%-22.1M40.2M-8.9M1.7312.3616,10127,910212,733385,227
2022-05-13$133.79$124.0052.0%15.0%58.9%54.8%55.5%6.2%-0.3%-8.7M-502.0M-8.6M1.6312.6920,22033,047215,007392,131
2022-05-16$136.90$124.0049.8%14.3%59.4%46.2%49.5%5.9%-0.5%3.6M-782.1M-8.1M0.9711.5424,76623,993208,437389,263
2022-05-17$140.44$124.0048.4%13.9%60.1%40.9%48.6%5.5%-1.0%19.8M-1.14B-7.8M1.6211.3530,75949,815214,815392,413
2022-05-18$135.40$130.0052.1%14.9%61.1%55.1%54.3%6.5%-0.6%-1.3M-625.5M-8.4M2.1613.1828,35661,260220,730404,743
2022-05-19$137.25$129.0050.3%14.5%59.0%48.3%52.7%6.0%-0.5%-3.3M-728.7M-8.1M1.8719.6223,96244,899212,320413,549
2022-05-20$136.31$130.0049.1%14.1%57.5%43.6%51.3%5.9%-0.2%-16.7M-636.8M-8.2M1.8919.7022,68642,857216,378419,445
2022-05-23$142.13$130.0048.8%14.2%58.4%42.3%50.3%6.6%-0.5%828.3K-942.9M-7.8M1.3510.3623,27631,533173,712358,223
2022-05-24$142.56$130.0048.1%14.0%58.3%39.5%52.8%7.2%-0.3%4.4M-984.8M-7.7M1.916.8616,13730,883179,437359,976
2022-05-25$147.54$130.0046.9%13.7%59.1%35.0%51.2%7.5%-0.3%15.1M-1.30B-7.5M2.3115.2521,95250,733181,296362,058
2022-05-26$151.58$132.0044.4%12.9%58.8%25.3%46.0%6.7%0.5%14.9M-1.55B-7.2M1.5013.2932,79549,183185,396376,682
2022-05-27$156.57$135.0042.7%12.3%57.8%18.9%45.7%6.2%0.1%17.9M-1.84B-7.0M1.174.0224,12728,173194,049387,086
2022-05-31$153.73$135.0046.0%13.7%58.5%31.7%48.8%5.9%-0.4%12.5M-1.55B-6.9M1.8412.8924,54145,151186,872369,383