XOP Options History — July 2022

In July 2022, XOP traded between $113.02 and $137.19. ATM implied volatility averaged 52.9%, placing in the 57.5% IV rank vs the trailing year. The 30-day expected move averaged 14.8%. IV traded below realized volatility by 6.8% (HV 20d: 59.7%). Max pain ranged from $120.00 to $130.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 1.63.

Notable Days

  • 2022-07-13: Highest Volume — 130,754 contracts
  • 2022-07-05: Largest IV spike — 12.7% change
  • 2022-07-05: Highest IV Rank — 90.0%
  • 2022-07-05: Largest Expected Move — 16.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$121.65$113.02$137.19$121.41$137.19
Max Pain$122.85$120.00$130.00$130.00$120.00
ATM IV52.9%45.4%61.2%54.3%45.4%
Expected Move14.8%12.6%16.5%14.8%12.6%
HV 20d59.7%50.6%64.6%61.4%50.6%
HV 60d57.1%54.7%58.4%54.7%57.9%
IV Rank57.5%28.3%90.0%63.2%28.3%
IV Percentile80.7%49.2%99.2%90.9%49.2%
Term Structure-0.5%-1.8%1.2%0.0%0.6%
VWIV52.6%46.5%59.5%52.0%46.5%
Skew 25d7.6%6.0%9.0%8.2%6.1%
Skew 10d15.6%10.7%19.1%17.2%10.7%
Call IV 25d49.5%42.3%56.8%50.5%42.3%
Put IV 25d57.1%48.5%65.8%58.7%48.5%
Bid-Ask Spread %17.546.2435.309.636.24
Gamma HHI0.040.030.050.030.04
Net GEX-3.1M-29.6M21.7M-11.7M21.7M
Net DEX-30.5M-1.31B820.5M412.9M-1.31B
Net VEX-8.9M-9.5M-8.4M-9.1M-8.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.630.942.890.941.83
Total Volume71,416.3535,747130,75475,86253,104
Total OI649,946.1585,098728,327680,692640,292

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-07-01$121.41$130.0054.3%14.8%61.4%63.2%52.0%8.2%0.0%-11.7M412.9M-9.1M0.949.6339,17636,686313,161367,531
2022-07-05$113.97$130.0061.2%16.5%63.0%90.0%57.2%9.0%-1.7%-19.5M764.1M-8.5M1.3518.4232,42743,913295,501344,343
2022-07-06$113.14$130.0059.5%16.1%62.2%83.5%55.6%9.0%-1.1%-24.3M820.5M-8.4M1.1219.2136,11940,622300,857352,328
2022-07-07$119.21$127.0056.8%15.5%64.4%72.8%54.6%7.9%-1.4%-6.3M269.9M-8.8M1.1622.6537,12843,056316,804350,625
2022-07-08$118.89$125.0054.8%15.1%64.6%65.0%54.2%7.3%-1.2%-8.0M321.3M-8.9M1.7726.8720,01335,427328,332361,164
2022-07-11$116.77$125.0057.2%16.1%64.5%74.3%57.4%7.7%-0.5%-13.3M452.0M-8.6M2.0915.6119,20340,143312,776343,415
2022-07-12$113.79$125.0057.7%16.1%64.5%76.4%59.5%8.4%-1.4%-20.6M685.0M-8.5M2.2118.1917,76539,235317,354358,102
2022-07-13$115.59$125.0055.4%15.7%62.2%67.5%53.6%7.8%-0.7%-20.1M556.1M-8.6M1.3217.4456,32074,434320,371356,832
2022-07-14$113.02$120.0055.3%15.4%62.2%66.9%54.2%8.2%-1.8%-29.6M676.1M-8.7M1.8635.3040,58575,668324,185364,221
2022-07-15$115.75$120.0051.6%14.7%63.7%52.5%52.6%7.5%-0.8%-9.9M355.5M-8.8M1.3724.2135,07847,933342,131386,196
2022-07-18$118.95$120.0051.6%14.8%61.6%52.5%52.7%7.5%-0.2%-4.1M-48.1M-8.9M2.5818.7417,81045,930244,502340,596
2022-07-19$123.99$120.0050.5%14.5%59.4%48.3%49.1%7.6%0.2%4.1M-359.7M-9.1M1.0515.2639,45841,497247,655345,704
2022-07-20$127.63$120.0049.2%14.1%59.2%43.4%52.9%7.0%0.1%16.4M-682.9M-9.4M2.8911.2718,90454,617268,419349,914
2022-07-21$123.13$120.0050.5%14.5%56.1%48.4%50.4%7.8%-0.5%5.8M-317.3M-9.5M2.1919.3724,67753,946269,375366,451
2022-07-22$121.11$120.0049.9%14.2%54.1%45.8%47.2%7.2%1.2%417.0K-174.8M-9.4M1.4219.1034,55848,910273,624373,103
2022-07-25$127.62$120.0049.8%14.2%56.9%45.5%54.0%7.5%-0.3%8.7M-587.6M-9.3M2.039.0020,41441,521256,431366,033
2022-07-26$126.71$120.0050.7%14.5%54.5%49.0%51.6%7.3%-0.1%8.1M-527.1M-9.3M1.2214.9816,12119,626260,210368,562
2022-07-27$132.49$120.0048.9%13.8%56.5%42.2%49.7%7.7%-0.1%18.6M-944.4M-9.2M1.0617.2519,19620,331263,931370,769
2022-07-28$132.64$120.0047.1%13.4%52.2%35.0%47.5%6.0%0.3%20.9M-971.9M-8.9M1.0912.1222,39324,383264,916372,206
2022-07-29$137.19$120.0045.4%12.6%50.6%28.3%46.5%6.1%0.6%21.7M-1.31B-8.6M1.836.2418,75134,353264,955375,337