XOP Options History — April 2023

In April 2023, XOP traded between $122.32 and $135.00. ATM implied volatility averaged 34.8%, placing in the 6.5% IV rank vs the trailing year. The 30-day expected move averaged 9.9%. IV traded below realized volatility by 2.2% (HV 20d: 37.0%). Max pain ranged from $120.00 to $131.00. Net GEX was positive for 2 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 1.23.

Notable Days

  • 2023-04-03: Highest Volume — 82,777 contracts
  • 2023-04-25: Largest IV spike — 12.6% change
  • 2023-04-26: Highest IV Rank — 20.1%
  • 2023-04-06: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$130.09$122.32$135.00$133.93$127.48
Max Pain$121.63$120.00$131.00$130.00$120.00
ATM IV34.8%31.6%37.5%35.5%32.4%
Expected Move9.9%9.0%10.9%9.7%9.2%
HV 20d37.0%29.9%45.1%44.2%34.7%
HV 60d36.5%36.2%37.2%36.3%37.2%
IV Rank6.5%0.0%20.1%5.0%2.8%
IV Percentile4.9%0.0%17.9%2.8%1.2%
Term Structure0.1%-0.5%0.6%0.3%0.1%
VWIV35.1%31.6%38.9%36.2%32.1%
Skew 25d5.5%4.5%7.3%4.5%5.8%
Skew 10d10.7%8.6%14.5%8.6%11.3%
Call IV 25d32.4%29.5%35.6%33.9%29.8%
Put IV 25d37.9%34.8%41.5%38.4%35.6%
Bid-Ask Spread %5.092.949.233.967.79
Gamma HHI0.060.040.150.060.10
Net GEX-14.8M-44.7M9.6M-4.6M9.6M
Net DEX146.3M-276.1M714.3M-123.8M169.6M
Net VEX-8.4M-8.9M-7.9M-8.5M-8.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.230.383.510.831.02
Total Volume32,969.26315,26582,77782,77727,218
Total OI517,503.632467,325584,307467,325510,757

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$133.93$130.0035.5%9.7%44.2%5.0%36.2%4.5%0.3%-4.6M-123.8M-8.5M0.833.9645,28937,488180,010287,315
2023-04-04$130.05$131.0037.5%10.4%45.0%12.3%37.5%5.2%0.5%-11.3M256.4M-8.8M3.515.0810,01235,110192,646289,660
2023-04-05$132.10$130.0036.8%10.0%45.1%9.5%36.4%5.2%0.4%-4.1M48.8M-8.8M0.384.6916,2396,149196,854296,338
2023-04-06$130.22$120.0037.5%10.9%44.8%12.2%37.9%5.6%0.4%-13.1M202.2M-8.9M0.954.1315,83615,104208,902307,136
2023-04-10$133.00$120.0037.0%10.6%44.2%10.5%38.7%5.4%-0.1%-9.5M-79.3M-8.7M1.883.225,37710,101204,262304,005
2023-04-11$135.00$120.0036.2%10.4%43.4%7.4%34.4%5.4%-0.1%-3.0M-275.5M-8.7M0.473.0917,0758,056206,025308,618
2023-04-12$134.06$120.0036.1%10.3%43.5%6.9%35.4%5.1%0.0%-6.1M-190.7M-8.6M0.473.6811,3375,311211,159312,634
2023-04-13$134.76$120.0034.6%9.9%34.9%1.3%34.7%5.2%0.0%1.7M-276.1M-8.5M1.652.945,7509,515217,491315,114
2023-04-14$134.23$120.0033.0%9.5%34.0%0.0%32.6%5.0%-0.1%-9.2M-232.0M-8.4M0.983.4814,50314,175219,165320,754
2023-04-17$132.03$120.0032.9%9.4%33.3%0.0%36.3%5.0%0.4%-25.1M46.7M-8.1M1.183.7416,80519,765211,820314,978
2023-04-18$131.22$120.0032.1%9.2%33.1%0.0%31.8%5.1%0.6%-31.3M82.0M-8.1M0.743.3432,69224,173219,773322,177
2023-04-19$129.50$120.0032.3%9.3%31.7%0.6%31.6%5.1%0.3%-24.4M197.3M-8.3M0.986.4615,68915,333243,147316,372
2023-04-20$127.31$120.0034.2%9.8%31.1%7.4%33.7%5.5%0.1%-35.9M468.6M-8.3M0.536.5419,65810,335250,766321,784
2023-04-21$126.48$120.0033.2%9.5%29.9%3.8%32.8%5.5%-0.1%-44.7M562.9M-8.1M1.977.157,99515,745258,047326,260
2023-04-24$129.56$120.0031.6%9.0%30.8%0.0%32.5%5.3%0.0%-3.6M109.4M-8.1M1.249.239,83812,187213,945260,813
2023-04-25$124.82$120.0035.6%10.2%32.3%13.4%38.3%6.9%-0.3%-19.5M538.7M-7.9M1.055.4018,69519,543217,802263,695
2023-04-26$122.32$120.0037.5%10.9%32.9%20.1%38.9%7.3%-0.5%-25.1M714.3M-7.9M2.225.2316,65236,914227,410269,003
2023-04-27$123.73$120.0034.5%9.9%33.0%9.9%34.4%6.5%-0.1%-21.4M561.0M-7.9M1.387.5910,41514,337234,252271,680
2023-04-28$127.48$120.0032.4%9.2%34.7%2.8%32.1%5.8%0.1%9.6M169.6M-8.1M1.027.7913,44813,770237,017273,740