XOP Options History — July 2023

In July 2023, XOP traded between $124.93 and $142.93. ATM implied volatility averaged 28.4%, placing in the 4.6% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 1.2% (HV 20d: 27.2%). Max pain ranged from $122.00 to $130.00. Net GEX was positive for 19 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 1.09.

Notable Days

  • 2023-07-12: Highest Volume — 47,568 contracts
  • 2023-07-28: Largest IV drop — 7.0% change
  • 2023-07-17: Highest IV Rank — 8.3%
  • 2023-07-17: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$133.84$124.93$142.93$129.11$142.93
Max Pain$126.00$122.00$130.00$125.00$130.00
ATM IV28.4%26.2%29.8%27.4%26.9%
Expected Move8.1%7.3%8.5%7.4%7.6%
HV 20d27.2%25.7%30.3%26.5%27.0%
HV 60d30.1%27.6%31.6%29.5%27.6%
IV Rank4.6%0.0%8.3%1.4%1.9%
IV Percentile3.3%0.0%7.9%0.4%0.4%
Term Structure0.2%-0.2%0.5%0.3%-0.2%
VWIV28.8%26.5%31.3%26.7%27.4%
Skew 25d2.6%1.8%3.7%3.0%2.2%
Skew 10d4.9%3.1%6.7%6.1%4.2%
Call IV 25d27.6%25.6%28.8%26.7%26.3%
Put IV 25d30.2%27.6%31.8%29.7%28.6%
Bid-Ask Spread %5.753.4412.034.754.38
Gamma HHI0.070.050.180.060.09
Net GEX29.0M-4.4M55.3M21.9M32.7M
Net DEX-577.4M-1.03B100.5M-285.0M-1.03B
Net VEX-8.2M-8.8M-7.6M-7.8M-8.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.352.481.161.31
Total Volume25,540.0512,38847,56814,70016,042
Total OI439,974.6396,938500,650396,938435,269

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$129.11$125.0027.4%7.4%26.5%1.4%26.7%3.0%0.3%21.9M-285.0M-7.8M1.164.756,8067,894171,919225,019
2023-07-05$128.22$125.0028.2%7.6%26.2%3.9%27.5%3.1%0.1%17.1M-203.8M-7.8M1.703.444,6427,902174,927230,753
2023-07-06$124.93$123.0029.4%8.5%27.5%7.4%30.1%3.7%0.0%-4.4M100.5M-7.7M1.295.1814,39618,553177,239236,172
2023-07-07$128.99$122.0029.2%8.4%26.8%6.5%29.5%3.0%0.2%23.9M-326.9M-7.8M1.506.6417,40326,176182,677235,922
2023-07-10$129.66$122.0029.6%8.5%26.8%7.9%30.1%3.4%0.1%21.8M-319.2M-7.8M1.078.806,6327,101179,839231,226
2023-07-11$133.19$122.0029.2%8.4%28.0%6.5%30.2%2.6%0.2%35.7M-687.7M-7.6M1.0612.0314,79915,698183,783234,595
2023-07-12$133.63$123.0028.2%8.1%27.2%3.6%28.8%2.4%0.2%37.9M-699.3M-7.7M2.484.2713,66533,903184,217240,046
2023-07-13$133.97$125.0028.4%8.1%26.9%4.4%29.0%2.3%0.0%37.2M-674.5M-8.6M0.854.5210,4118,847192,176267,695
2023-07-14$129.12$126.0029.4%8.4%29.6%7.2%29.3%2.9%-0.1%12.8M-165.5M-8.6M0.807.8612,77210,205195,612271,233
2023-07-17$129.73$126.0029.8%8.5%28.7%8.3%31.3%3.2%0.1%25.1M-259.8M-8.5M0.936.5515,97414,934196,721266,971
2023-07-18$133.51$126.0029.1%8.3%30.3%6.3%29.8%2.3%0.2%46.8M-685.7M-8.5M0.954.7510,67010,097199,924268,918
2023-07-19$133.81$127.0029.6%8.5%28.0%7.8%29.6%2.5%0.2%51.0M-703.6M-8.6M0.355.8427,8899,635204,971276,049
2023-07-20$135.13$127.0028.8%8.2%28.0%5.5%30.1%2.0%0.1%55.3M-888.7M-8.7M1.275.576,9828,854214,414281,491
2023-07-21$135.97$128.0027.3%7.8%26.3%1.2%27.6%1.8%0.3%47.5M-974.5M-8.5M0.545.9914,4937,886213,139287,511
2023-07-24$138.28$129.0027.5%7.8%26.1%1.6%27.9%2.0%0.1%20.0M-685.9M-8.3M0.893.9923,02920,501168,465235,971
2023-07-25$139.11$128.0028.5%8.1%25.7%4.6%28.9%2.1%0.2%21.6M-758.4M-8.4M0.613.8321,89713,436177,960243,573
2023-07-26$139.13$128.0028.0%8.0%25.8%3.1%28.2%2.2%0.5%25.7M-765.9M-8.6M1.068.096,0246,364185,524246,659
2023-07-27$137.66$128.0028.2%7.9%26.3%3.7%27.9%2.3%0.4%19.3M-621.4M-8.8M1.124.037,3108,163188,339250,197
2023-07-28$140.78$130.0026.2%7.3%26.8%0.0%26.5%2.0%0.4%31.7M-913.5M-8.5M0.924.5611,85610,960190,923251,453
2023-07-31$142.93$130.0026.9%7.6%27.0%1.9%27.4%2.2%-0.2%32.7M-1.03B-8.3M1.314.386,9439,099185,395249,874