XOP Options History — September 2022

In September 2022, XOP traded between $115.23 and $146.40. ATM implied volatility averaged 53.2%, placing in the 58.4% IV rank vs the trailing year. The 30-day expected move averaged 15.3%. IV traded above realized volatility by 8.5% (HV 20d: 44.7%). Max pain ranged from $135.00 to $138.00. Net GEX was positive for 3 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 1.39.

Notable Days

  • 2022-09-16: Highest Volume — 117,363 contracts
  • 2022-09-23: Largest IV spike — 13.4% change
  • 2022-09-26: Highest IV Rank — 90.2%
  • 2022-09-26: Largest Expected Move — 17.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$133.90$115.23$146.40$138.43$125.03
Max Pain$135.29$135.00$138.00$138.00$135.00
ATM IV53.2%47.4%61.3%55.9%55.9%
Expected Move15.3%13.5%17.9%16.3%16.2%
HV 20d44.7%39.6%55.8%40.9%53.3%
HV 60d49.7%46.3%53.8%53.5%47.2%
IV Rank58.4%35.6%90.2%69.2%69.2%
IV Percentile79.6%55.2%99.2%92.9%91.3%
Term Structure-0.4%-2.3%0.2%-0.5%0.2%
VWIV53.9%47.9%60.5%59.2%57.2%
Skew 25d7.7%6.0%10.1%6.0%9.1%
Skew 10d15.1%11.7%20.0%11.9%19.1%
Call IV 25d49.8%45.1%56.1%53.4%51.5%
Put IV 25d57.5%51.1%66.2%59.5%60.6%
Bid-Ask Spread %9.914.7718.1313.5711.29
Gamma HHI0.050.040.060.040.05
Net GEX-8.8M-24.0M10.8M-6.7M-10.4M
Net DEX-248.3M-1.28B903.0M-511.0M257.5M
Net VEX-9.5M-10.0M-8.9M-10.0M-9.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.390.453.412.700.94
Total Volume50,464.1912,752117,36339,84856,328
Total OI651,598.476557,762737,981669,640629,020

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-09-01$138.43$138.0055.9%16.3%40.9%69.2%59.2%6.0%-0.5%-6.7M-511.0M-10.0M2.7013.5710,77229,076263,599406,041
2022-09-02$141.70$138.0054.0%15.6%40.2%61.9%57.0%6.7%0.2%-2.8M-704.4M-9.7M1.8718.139,27317,380257,882414,918
2022-09-06$140.92$135.0054.4%15.2%40.4%63.7%51.7%7.9%-0.2%-1.7M-658.9M-9.2M2.076.8218,37838,095253,393407,001
2022-09-07$138.17$135.0053.3%15.0%41.2%58.8%51.6%7.6%-0.2%-11.7M-422.4M-9.0M1.957.5921,99742,858254,488415,569
2022-09-08$138.94$135.0051.2%14.5%40.9%50.7%50.4%6.3%-0.0%-8.8M-505.1M-8.9M0.657.6039,83726,086257,864418,946
2022-09-09$143.42$135.0047.4%13.5%39.6%35.6%48.4%6.0%-0.2%3.2M-1.00B-9.4M1.205.8011,24913,443272,467424,617
2022-09-12$145.07$135.0047.8%13.6%39.7%37.1%47.9%6.5%-0.6%7.5M-1.15B-9.1M1.3510.0817,27923,411263,857420,178
2022-09-13$140.91$135.0049.8%14.3%40.1%45.1%53.3%6.9%-0.1%-6.4M-739.3M-9.2M1.3912.8725,05134,896268,092427,042
2022-09-14$146.40$135.0048.8%13.9%42.2%41.0%51.1%7.3%-0.1%10.8M-1.28B-9.0M0.9512.7017,81216,957272,377432,842
2022-09-15$141.06$135.0049.6%14.1%44.4%44.4%48.5%6.6%-0.6%-15.9M-719.4M-9.1M0.4511.1138,17217,057276,055439,206
2022-09-16$136.41$135.0051.3%14.6%43.2%51.0%51.0%6.9%-0.4%-5.4M-214.1M-9.5M0.946.8760,49756,866294,397443,584
2022-09-19$136.16$135.0051.0%14.6%43.0%49.9%51.4%7.4%-0.6%-3.4M-294.9M-9.6M2.004.7717,70035,404208,233349,529
2022-09-20$134.91$135.0052.6%15.0%43.0%56.0%54.0%8.7%-1.1%-4.9M-239.4M-9.9M1.496.209,16113,623222,054367,797
2022-09-21$131.83$135.0052.1%14.9%42.0%53.9%52.0%7.9%-0.5%-12.5M-22.2M-9.8M0.888.506,7855,967224,587377,152
2022-09-22$130.11$135.0051.9%14.9%41.3%53.3%51.9%7.5%-0.8%-15.9M80.0M-9.7M3.416.1210,17134,710228,120375,498
2022-09-23$118.85$135.0058.9%17.0%50.4%80.7%58.7%8.4%-2.3%-24.0M838.0M-9.4M2.0511.0526,70454,789232,864384,226
2022-09-26$115.23$135.0061.3%17.9%50.9%90.2%60.3%10.1%-0.8%-24.0M903.0M-9.2M0.7912.7027,55521,772233,086384,418
2022-09-27$117.82$135.0057.9%16.9%51.2%76.8%60.5%9.3%-0.0%-22.9M734.6M-9.3M0.5212.9037,23419,539236,498382,949
2022-09-28$125.94$135.0055.2%16.1%55.8%66.2%57.0%8.9%-0.1%-13.7M172.7M-10.0M0.679.0828,86319,463245,486384,789
2022-09-29$124.66$135.0056.4%16.5%55.4%70.8%59.3%9.6%-0.4%-15.6M263.6M-9.9M0.8412.3425,84121,697246,931385,916
2022-09-30$125.03$135.0055.9%16.2%53.3%69.2%57.2%9.1%0.2%-10.4M257.5M-9.7M0.9411.2929,05827,270238,958390,062