XOP Options History — November 2022

In November 2022, XOP traded between $148.82 and $160.64. ATM implied volatility averaged 44.1%, placing in the 22.6% IV rank vs the trailing year. The 30-day expected move averaged 12.9%. IV traded above realized volatility by 5.0% (HV 20d: 39.1%). Max pain ranged from $139.00 to $151.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 14 of 21 days. Put/call ratio averaged 1.49.

Notable Days

  • 2022-11-21: Highest Volume — 110,649 contracts
  • 2022-11-28: Largest IV spike — 6.6% change
  • 2022-11-21: Highest IV Rank — 34.1%
  • 2022-11-28: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$154.54$148.82$160.64$153.00$152.00
Max Pain$145.19$139.00$151.00$139.00$150.00
ATM IV44.1%41.7%47.0%43.1%41.7%
Expected Move12.9%12.5%13.8%12.8%12.6%
HV 20d39.1%31.8%46.7%31.8%46.5%
HV 60d46.8%44.9%48.6%45.1%47.0%
IV Rank22.6%13.1%34.1%18.8%13.1%
IV Percentile23.3%6.0%42.1%19.0%6.0%
Term Structure0.1%-1.7%1.5%0.3%0.0%
VWIV45.7%43.4%49.3%45.7%45.0%
Skew 25d5.7%4.7%6.7%5.1%5.4%
Skew 10d11.3%8.6%13.1%10.3%10.0%
Call IV 25d41.5%39.7%44.1%40.9%39.7%
Put IV 25d47.3%45.1%50.3%46.0%45.1%
Bid-Ask Spread %10.915.3820.186.4512.22
Gamma HHI0.060.040.080.050.04
Net GEX36.4M16.2M56.0M27.5M18.7M
Net DEX-1.45B-2.19B-598.1M-1.53B-701.5M
Net VEX-9.1M-9.7M-8.1M-8.4M-8.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.490.472.901.201.04
Total Volume56,969.8112,697110,64934,97637,100
Total OI698,277.429636,604767,651646,390703,362

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-11-01$153.00$139.0043.1%12.8%31.8%18.8%45.7%5.1%0.3%27.5M-1.53B-8.4M1.206.4515,91719,059245,414400,976
2022-11-02$149.30$139.0044.1%13.1%32.3%22.8%46.4%5.0%0.3%20.3M-1.22B-8.8M1.129.6915,23117,097249,624404,718
2022-11-03$153.02$145.0042.9%12.6%33.2%17.8%43.6%4.7%0.3%35.1M-1.54B-8.6M1.2713.7920,03025,374250,090407,280
2022-11-04$155.64$145.0042.3%12.5%32.9%15.5%44.2%4.9%0.5%50.9M-1.78B-8.5M2.6013.9912,77133,248255,242400,997
2022-11-07$159.94$145.0042.6%12.6%32.9%16.8%44.5%4.7%1.1%44.4M-2.03B-8.1M0.515.8370,88335,974248,506388,098
2022-11-08$159.35$145.0043.7%12.8%32.1%21.0%43.4%5.0%1.1%50.3M-2.13B-9.2M0.847.0221,75718,186297,353401,376
2022-11-09$148.82$145.0046.6%13.6%41.6%32.2%49.3%6.1%0.9%25.0M-1.16B-9.3M2.315.3816,80238,824297,759404,258
2022-11-10$154.02$145.0044.6%13.1%41.7%24.6%45.9%5.7%1.4%38.3M-1.61B-9.5M2.909.2712,72436,899298,536411,917
2022-11-11$159.47$145.0042.9%12.6%37.9%17.9%44.7%5.7%1.5%54.6M-2.14B-9.3M2.4810.3315,15037,520300,524420,380
2022-11-14$157.87$145.0044.2%12.8%37.9%23.1%44.2%6.1%0.6%48.4M-1.94B-9.1M1.9111.1514,84928,408297,170416,717
2022-11-15$160.64$145.0044.5%12.8%38.1%24.1%45.0%6.0%0.7%54.5M-2.19B-9.1M1.7420.1815,02226,085301,552427,779
2022-11-16$156.59$145.0044.7%12.8%39.2%24.8%44.8%6.2%0.5%43.7M-1.73B-9.3M1.638.6232,07152,140302,772431,428
2022-11-17$154.38$145.0045.3%13.0%39.6%27.4%46.2%6.0%-0.1%29.3M-1.32B-9.5M1.8711.8926,00348,688304,093440,061
2022-11-18$154.16$145.0044.4%12.7%38.9%23.8%45.9%5.8%0.1%17.5M-1.26B-9.7M1.3216.7938,25750,642312,839454,812
2022-11-21$149.78$145.0047.0%13.4%40.4%34.1%47.7%6.3%-1.7%22.5M-752.1M-9.6M0.7214.2864,19946,450289,816391,044
2022-11-22$157.09$145.0044.1%12.5%43.7%22.5%45.6%5.9%-1.0%45.3M-1.50B-9.6M1.0412.9130,20531,370292,144404,645
2022-11-23$154.69$146.0044.4%12.7%43.8%23.9%46.2%6.3%-1.5%45.4M-1.25B-9.7M1.7111.6923,06539,549295,186407,229
2022-11-25$155.93$147.0043.0%12.5%43.7%18.5%44.7%6.4%-1.7%56.0M-1.39B-9.5M0.5011.468,4384,259300,878425,077
2022-11-28$148.95$147.0045.9%13.8%46.7%29.6%48.4%6.7%-0.3%19.7M-598.1M-9.1M0.476.8455,67126,187290,906405,048
2022-11-29$150.78$151.0044.1%13.4%46.4%22.6%48.7%6.3%-0.3%16.2M-607.7M-8.8M2.069.3211,20323,059273,332412,888
2022-11-30$152.00$150.0041.7%12.6%46.5%13.1%45.0%5.4%0.0%18.7M-701.5M-8.8M1.0412.2218,15018,950277,027426,335