XOP Options History — December 2022

In December 2022, XOP traded between $130.63 and $149.36. ATM implied volatility averaged 42.5%, placing in the 16.3% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded above realized volatility by 1.5% (HV 20d: 40.9%). Max pain ranged from $130.00 to $150.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 2.47.

Notable Days

  • 2022-12-06: Highest Volume — 105,958 contracts
  • 2022-12-28: Largest IV spike — 10.4% change
  • 2022-12-08: Highest IV Rank — 30.4%
  • 2022-12-08: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$136.64$130.63$149.36$149.36$135.51
Max Pain$134.90$130.00$150.00$150.00$135.00
ATM IV42.5%38.4%46.1%41.4%42.9%
Expected Move12.3%11.0%13.4%12.5%11.9%
HV 20d40.9%35.4%48.0%46.1%40.8%
HV 60d44.7%39.7%48.0%46.9%39.7%
IV Rank16.3%0.3%30.4%11.9%17.9%
IV Percentile15.0%0.4%39.3%4.8%17.9%
Term Structure0.7%-0.4%1.8%0.1%1.8%
VWIV43.5%39.0%48.9%45.8%43.1%
Skew 25d5.4%4.2%6.1%5.3%5.5%
Skew 10d10.4%7.9%12.5%10.0%10.5%
Call IV 25d40.2%36.7%43.7%39.2%39.9%
Put IV 25d45.6%40.9%49.8%44.6%45.4%
Bid-Ask Spread %7.663.5813.066.783.58
Gamma HHI0.080.040.310.040.06
Net GEX-37.3M-119.7M1.9M-1.9M-10.7M
Net DEX545.7M-367.6M1.50B-367.6M260.6M
Net VEX-8.1M-8.7M-7.4M-8.7M-7.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.470.267.622.881.53
Total Volume42,209.1439,980105,95845,50424,045
Total OI729,032.333635,563837,030715,424668,274

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-12-01$149.36$150.0041.4%12.5%46.1%11.9%45.8%5.3%0.1%-1.9M-367.6M-8.7M2.886.7811,72733,777278,424437,000
2022-12-02$147.91$150.0041.2%12.4%45.2%11.3%44.8%5.2%-0.1%-26.8M-119.0M-8.6M3.4713.0610,19135,399280,806454,077
2022-12-05$140.41$130.0042.9%12.5%48.0%17.8%44.7%5.4%1.0%-40.2M645.4M-8.2M3.187.1113,20541,940271,540459,618
2022-12-06$136.87$130.0045.0%13.2%46.9%26.3%46.4%6.1%1.1%-40.3M888.9M-8.1M4.835.2918,17687,782275,732457,647
2022-12-07$135.63$130.0045.9%13.4%46.9%29.7%48.9%6.1%1.1%-52.5M1.03B-8.3M2.108.2415,12031,763284,831484,219
2022-12-08$132.58$130.0046.1%13.4%41.6%30.4%48.3%6.1%1.3%-57.9M1.31B-8.0M2.136.0328,74461,257289,392491,668
2022-12-09$130.63$130.0045.8%13.3%38.9%29.3%46.4%5.4%1.7%-119.7M1.50B-8.2M3.367.0014,14147,521308,659522,095
2022-12-12$135.43$131.0045.9%13.1%39.1%29.5%46.8%6.1%-0.4%-49.0M785.1M-8.6M2.094.4012,41125,881300,163492,695
2022-12-13$137.98$131.0042.3%12.2%40.2%15.4%43.6%5.9%0.3%-45.2M503.8M-8.6M7.625.565,49641,895312,884501,954
2022-12-14$136.95$131.0041.6%12.0%39.2%12.9%42.2%5.5%-0.0%-54.8M628.7M-8.4M3.938.265,94123,321314,328507,094
2022-12-15$137.32$131.0041.0%11.9%38.8%10.6%41.7%5.1%0.5%-56.2M560.3M-8.3M1.089.6414,93816,147317,417507,084
2022-12-16$134.86$132.0040.9%11.8%38.9%10.2%40.2%4.5%0.3%-93.7M798.3M-7.9M0.2612.3278,61620,397325,309511,721
2022-12-19$132.00$139.0041.4%11.9%39.2%12.2%41.7%5.4%0.7%-28.8M779.7M-7.6M1.5011.126,1849,303223,464418,975
2022-12-20$133.91$137.0040.3%11.5%39.1%7.5%41.1%4.5%0.5%-27.6M501.9M-7.7M0.907.9919,63617,722224,087411,476
2022-12-21$136.91$137.0038.4%11.0%35.4%0.3%40.5%4.2%0.9%-8.9M181.9M-7.9M2.046.607,11214,518241,104423,304
2022-12-22$132.16$136.0041.8%12.0%36.7%13.6%41.0%5.1%0.7%-27.7M579.1M-7.9M1.188.5712,17014,316242,898421,689
2022-12-23$137.53$136.0039.1%11.1%40.1%2.8%39.0%4.7%0.8%297.2K96.0M-7.9M1.528.407,11610,816246,125424,133
2022-12-27$138.50$136.0040.6%11.5%37.5%8.8%41.3%5.5%0.9%1.9M23.4M-7.6M1.757.433,6256,355239,126416,930
2022-12-28$132.11$136.0044.8%12.8%40.0%25.4%43.8%5.7%0.8%-28.5M565.0M-7.4M3.316.346,05220,058240,800417,748
2022-12-29$134.95$135.0042.9%12.0%40.9%17.8%41.6%5.3%1.3%-14.1M316.3M-7.5M1.207.145,2526,326242,665420,524
2022-12-30$135.51$135.0042.9%11.9%40.8%17.9%43.1%5.5%1.8%-10.7M260.6M-7.5M1.533.589,50514,540244,196424,078