XOP Options History — February 2023

In February 2023, XOP traded between $127.84 and $140.88. ATM implied volatility averaged 37.3%, placing in the 10.4% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 4.4% (HV 20d: 32.9%). Max pain ranged from $135.00 to $140.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 2.91.

Notable Days

  • 2023-02-17: Highest Volume — 120,632 contracts
  • 2023-02-17: Largest IV spike — 7.7% change
  • 2023-02-21: Highest IV Rank — 21.1%
  • 2023-02-21: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$135.13$127.84$140.88$138.82$133.55
Max Pain$135.89$135.00$140.00$140.00$135.00
ATM IV37.3%35.1%40.4%35.3%37.3%
Expected Move10.6%10.0%11.3%10.0%10.5%
HV 20d32.9%24.1%39.3%24.1%37.0%
HV 60d37.6%36.3%39.5%39.4%36.5%
IV Rank10.4%2.9%21.1%3.5%10.5%
IV Percentile6.2%1.2%11.5%1.2%7.5%
Term Structure0.4%-0.8%1.9%0.7%-0.4%
VWIV38.2%34.7%42.8%37.3%35.9%
Skew 25d5.7%4.9%6.5%6.0%5.5%
Skew 10d11.1%9.8%13.4%12.6%10.4%
Call IV 25d34.5%32.6%37.3%32.6%34.7%
Put IV 25d40.3%37.8%43.6%38.6%40.3%
Bid-Ask Spread %6.113.1511.3911.395.75
Gamma HHI0.060.050.140.050.05
Net GEX-35.4M-89.9M-10.8M-15.6M-35.9M
Net DEX511.6M64.0M1.09B217.4M535.5M
Net VEX-7.5M-7.8M-6.8M-6.8M-7.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.910.5410.951.611.18
Total Volume45,981.47413,245120,63227,40614,876
Total OI491,044.158424,132579,500424,132511,067

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$138.82$140.0035.3%10.0%24.1%3.5%37.3%6.0%0.7%-15.6M217.4M-6.8M1.6111.3910,48216,924163,098261,034
2023-02-02$135.01$140.0037.6%11.0%26.6%11.6%38.8%6.4%0.6%-27.3M477.9M-6.8M4.594.978,90640,868165,320264,693
2023-02-03$135.12$135.0036.8%10.7%26.6%8.7%38.4%5.6%0.4%-35.9M550.0M-7.0M5.456.798,92948,686167,988290,025
2023-02-06$132.05$135.0037.6%10.9%26.9%11.5%38.2%6.5%0.4%-45.7M779.2M-7.1M2.925.4311,37133,164168,450283,575
2023-02-07$137.23$135.0036.0%10.5%30.1%6.1%37.6%5.4%0.5%-30.0M409.9M-7.6M1.707.2011,77620,002172,521304,439
2023-02-08$136.27$135.0036.5%10.6%30.2%8.0%36.5%5.4%0.5%-36.7M479.3M-7.7M0.715.397,7355,510175,263311,844
2023-02-09$133.96$135.0038.1%11.0%30.8%13.0%37.4%5.7%0.4%-48.4M686.0M-7.6M2.596.683,90210,116177,590312,843
2023-02-10$140.59$135.0036.4%10.5%33.5%7.3%38.9%4.9%0.5%-10.8M87.3M-7.6M1.523.1527,43141,778179,512319,237
2023-02-13$140.00$136.0038.0%10.9%33.4%12.8%39.5%5.7%1.1%-17.1M153.7M-7.8M1.744.396,66411,578186,039306,132
2023-02-14$140.88$136.0035.7%10.2%33.5%5.0%37.2%5.2%0.7%-13.2M64.0M-7.7M0.543.9928,57115,568189,363310,713
2023-02-15$138.25$136.0035.1%10.1%33.7%2.9%34.7%5.0%1.4%-24.2M313.7M-7.6M1.984.4127,49654,505212,000313,984
2023-02-16$136.93$136.0035.8%10.2%33.1%5.2%36.9%5.1%1.2%-34.8M396.1M-7.8M1.985.4010,68521,169235,301334,689
2023-02-17$130.63$136.0038.5%10.9%36.7%14.6%40.8%6.0%1.9%-89.9M1.09B-7.6M6.188.9316,812103,820236,775342,725
2023-02-21$129.19$136.0040.4%11.3%36.0%21.1%42.8%6.3%-0.8%-57.7M989.6M-7.6M2.986.6812,60137,538162,220326,968
2023-02-22$127.84$136.0039.9%11.1%36.0%19.3%42.5%6.3%-0.4%-60.1M1.06B-7.5M10.9510.578,72895,597168,629328,774
2023-02-23$132.88$135.0037.6%10.4%39.3%11.6%37.1%5.7%-0.4%-31.9M549.3M-7.7M2.415.076,61015,912172,394308,974
2023-02-24$133.50$135.0038.0%10.6%38.2%12.9%37.5%6.2%-0.2%-31.1M506.3M-7.6M1.134.2413,00214,725173,308312,132
2023-02-27$134.85$135.0037.8%10.5%38.5%12.1%37.4%5.8%-0.5%-26.0M371.5M-7.5M3.115.5912,06637,545173,725306,495
2023-02-28$133.55$135.0037.3%10.5%37.0%10.5%35.9%5.5%-0.4%-35.9M535.5M-7.6M1.185.756,8168,060174,190336,877