XOP Options History — June 2023

In June 2023, XOP traded between $119.32 and $129.00. ATM implied volatility averaged 30.0%, placing in the 2.7% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 0.5% (HV 20d: 29.5%). Max pain ranged from $120.00 to $127.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.26.

Notable Days

  • 2023-06-14: Highest Volume — 36,839 contracts
  • 2023-06-21: Largest IV drop — 6.7% change
  • 2023-06-01: Highest IV Rank — 13.1%
  • 2023-06-02: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$125.24$119.32$129.00$119.32$129.00
Max Pain$125.05$120.00$127.00$125.00$124.00
ATM IV30.0%26.9%35.5%35.5%26.9%
Expected Move8.7%7.3%10.9%10.9%7.3%
HV 20d29.5%27.1%31.0%27.3%29.4%
HV 60d33.0%29.7%36.0%35.2%29.7%
IV Rank2.7%0.0%13.1%13.1%0.0%
IV Percentile1.4%0.0%9.1%9.1%0.0%
Term Structure0.4%-1.5%1.2%-1.4%0.9%
VWIV31.0%26.4%39.1%35.7%26.4%
Skew 25d3.4%2.1%5.7%5.7%2.5%
Skew 10d6.7%4.2%11.5%11.5%4.3%
Call IV 25d28.9%25.8%33.6%33.6%25.8%
Put IV 25d32.3%28.3%39.3%39.3%28.3%
Bid-Ask Spread %4.503.047.363.673.04
Gamma HHI0.060.030.170.080.06
Net GEX7.7M-24.2M28.4M-24.2M28.4M
Net DEX17.9M-443.0M693.4M693.4M-341.8M
Net VEX-7.6M-8.0M-7.3M-7.5M-7.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.260.364.440.521.34
Total Volume22,389.23811,31636,83927,47529,723
Total OI462,250.476337,326565,132505,540400,811

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-06-01$119.32$125.0035.5%10.9%27.3%13.1%35.7%5.7%-1.4%-24.2M693.4M-7.5M0.523.6718,1289,347236,644268,896
2023-06-02$123.88$125.0034.4%10.9%29.6%9.4%39.1%4.5%-1.5%14.5M159.2M-7.9M0.585.649,5745,557250,968267,160
2023-06-05$122.32$120.0032.2%9.4%27.1%2.0%33.1%4.0%0.6%-3.7M357.5M-7.6M1.055.306,8937,231250,116252,576
2023-06-06$124.35$122.0030.6%9.0%27.7%0.0%31.2%4.3%0.6%4.0M143.7M-7.6M1.354.964,8196,497251,808254,709
2023-06-07$128.93$122.0029.2%8.7%30.2%0.0%31.2%3.6%0.6%26.1M-443.0M-7.8M2.585.127,36019,013255,565256,082
2023-06-08$128.41$126.0029.7%8.8%30.1%1.6%31.1%3.1%0.4%22.7M-350.3M-7.8M1.456.026,7179,719260,517263,097
2023-06-09$127.13$127.0030.0%8.9%29.6%2.5%31.4%3.3%0.5%18.7M-180.5M-8.0M1.055.607,4557,845271,867270,252
2023-06-12$125.07$127.0031.4%9.1%30.4%6.9%32.1%4.2%0.2%4.3M147.0M-7.7M1.134.9214,51016,399266,244267,595
2023-06-13$126.75$127.0030.4%8.8%29.9%3.6%31.4%3.0%0.3%15.2M-110.8M-7.8M1.063.8913,28814,028275,979274,132
2023-06-14$124.53$127.0030.6%8.8%29.0%4.4%30.9%3.1%0.2%3.5M241.5M-7.7M4.447.366,77730,062283,697276,967
2023-06-15$127.23$127.0030.1%8.7%29.1%2.9%30.4%2.7%0.1%20.2M-223.7M-7.8M0.885.8014,32012,663285,736278,837
2023-06-16$127.50$127.0029.1%8.4%28.4%0.0%29.3%2.1%0.5%-5.1M-235.9M-7.5M0.376.4921,2107,878283,241281,891
2023-06-20$123.91$127.0030.4%8.7%30.4%4.0%30.8%3.4%0.7%2.9M128.1M-7.4M0.773.6810,2827,868155,806181,520
2023-06-21$125.45$126.0028.4%8.1%30.0%0.0%31.5%2.7%1.2%8.9M17.9M-7.5M0.923.165,9805,490157,847184,228
2023-06-22$122.75$126.0028.6%8.2%30.9%0.7%27.9%3.1%0.9%-4.2M219.2M-7.3M0.363.0419,4716,976162,289188,273
2023-06-23$121.68$125.0028.8%8.2%31.0%1.2%30.9%3.1%0.5%-5.0M271.8M-7.3M2.673.339,89526,442168,720190,219
2023-06-26$123.93$125.0029.3%8.3%30.6%3.0%33.6%3.5%0.6%1.1M121.4M-7.6M1.483.529,27513,729158,457204,694
2023-06-27$124.38$123.0029.1%8.1%30.6%2.2%28.2%3.1%0.5%2.4M45.0M-7.6M1.003.577,9197,905164,754216,082
2023-06-28$125.88$124.0028.0%7.8%29.5%0.0%27.6%3.2%0.6%9.9M-59.4M-7.7M0.793.209,9017,866169,311222,217
2023-06-29$127.64$124.0027.7%7.6%29.3%0.0%27.5%2.9%0.7%22.1M-223.8M-7.7M0.593.108,9115,251174,392223,064
2023-06-30$129.00$124.0026.9%7.3%29.4%0.0%26.4%2.5%0.9%28.4M-341.8M-7.7M1.343.0412,70317,020175,630225,181