XOP Options History — August 2023

In August 2023, XOP traded between $140.07 and $148.94. ATM implied volatility averaged 27.8%, placing in the 5.0% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 6.1% (HV 20d: 21.7%). Max pain ranged from $128.00 to $139.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 1.70.

Notable Days

  • 2023-08-03: Highest Volume — 139,979 contracts
  • 2023-08-02: Largest IV spike — 7.0% change
  • 2023-08-17: Highest IV Rank — 8.8%
  • 2023-08-17: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$146.06$140.07$148.94$142.59$148.94
Max Pain$132.17$128.00$139.00$130.00$139.00
ATM IV27.8%23.6%29.3%27.0%23.6%
Expected Move7.8%6.1%8.4%7.5%6.1%
HV 20d21.7%16.6%28.0%27.1%16.6%
HV 60d26.0%23.9%27.4%27.4%23.9%
IV Rank5.0%0.0%8.8%2.3%0.0%
IV Percentile5.9%0.0%14.3%1.2%0.0%
Term Structure0.5%-0.3%1.2%0.1%0.9%
VWIV28.0%21.9%30.4%26.8%21.9%
Skew 25d3.3%2.3%4.3%2.3%3.2%
Skew 10d6.7%4.5%8.7%4.5%6.6%
Call IV 25d26.6%22.3%28.0%26.5%22.3%
Put IV 25d29.8%25.5%31.8%28.8%25.5%
Bid-Ask Spread %3.131.696.584.691.69
Gamma HHI0.080.060.120.090.10
Net GEX19.7M4.8M37.2M30.5M37.2M
Net DEX-980.1M-1.29B-595.6M-994.2M-1.10B
Net VEX-8.6M-9.2M-8.2M-8.3M-8.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.700.403.782.701.27
Total Volume25,349.2619,352139,97915,60116,620
Total OI474,182.913436,170511,161444,299511,161

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-08-01$142.59$130.0027.0%7.5%27.1%2.3%26.8%2.3%0.1%30.5M-994.2M-8.3M2.704.694,21411,387187,464256,835
2023-08-02$140.07$131.0028.9%8.0%28.0%7.7%28.5%2.9%-0.1%18.4M-741.2M-8.5M1.335.489,87813,131188,773262,393
2023-08-03$143.20$128.0028.5%8.2%26.2%6.4%29.2%2.6%-0.3%35.3M-1.06B-8.2M1.153.8965,19474,785189,259265,048
2023-08-04$144.41$128.0028.4%8.3%24.5%6.3%29.7%2.6%-0.1%21.2M-1.02B-8.8M0.703.7811,1267,822187,643278,650
2023-08-07$144.87$128.0028.5%8.3%24.5%6.6%29.3%2.8%0.4%21.7M-981.4M-8.7M3.783.192,6379,957182,875270,199
2023-08-08$146.25$129.0027.8%8.1%23.2%4.6%29.3%3.6%0.4%18.2M-1.07B-8.6M1.583.058,26513,026183,814277,674
2023-08-09$148.88$129.0028.6%8.3%23.7%6.9%29.8%2.8%0.4%24.9M-1.29B-8.4M1.073.1913,07213,931186,040277,807
2023-08-10$146.84$130.0028.6%8.3%24.6%6.8%29.6%3.1%0.5%17.2M-1.11B-8.4M1.402.716,5149,128186,688283,409
2023-08-11$148.72$130.0027.5%8.0%19.3%3.6%28.2%2.7%0.5%21.4M-1.28B-8.2M0.542.6411,0105,902188,744285,472
2023-08-14$147.75$130.0027.6%7.9%19.9%3.9%28.5%2.9%1.2%20.1M-1.18B-8.4M1.492.523,7575,595187,410281,228
2023-08-15$144.72$130.0028.7%8.2%20.3%7.1%29.0%3.6%1.0%10.1M-917.7M-8.6M1.562.7612,76919,881189,120286,112
2023-08-16$144.53$130.0028.8%8.3%20.4%7.3%30.4%3.6%1.0%8.2M-901.2M-8.8M1.972.844,2098,311193,100293,574
2023-08-17$146.28$133.0029.3%8.4%20.5%8.8%29.9%3.1%0.8%14.2M-1.06B-8.9M2.932.743,0979,070196,944297,946
2023-08-18$147.75$134.0028.5%8.0%20.6%6.4%28.9%3.2%1.2%21.2M-1.20B-8.6M0.756.5810,3497,752197,505302,206
2023-08-21$148.41$134.0028.9%8.0%20.0%7.7%28.1%3.6%0.4%17.2M-930.5M-8.5M0.402.1913,2645,354171,858264,312
2023-08-22$146.72$134.0028.9%8.0%20.7%7.7%28.8%4.0%0.5%18.2M-823.5M-8.9M0.892.6112,55511,209183,554267,247
2023-08-23$144.91$135.0028.5%7.8%21.4%6.5%27.6%4.3%0.4%12.9M-665.6M-9.1M2.162.3112,78727,559190,227275,547
2023-08-24$144.34$135.0028.3%7.7%21.0%5.9%27.3%4.1%0.3%4.8M-595.6M-9.2M2.782.475,89016,371194,877295,873
2023-08-25$146.19$135.0026.9%7.3%20.0%2.1%27.4%3.8%0.8%9.8M-779.8M-9.0M2.462.748,26520,308195,138305,984
2023-08-28$146.62$135.0026.7%7.1%19.4%1.3%27.5%3.7%0.8%15.2M-806.2M-8.9M2.872.314,85413,936191,441296,904
2023-08-29$147.56$136.0025.6%6.7%19.4%0.0%24.5%3.5%0.9%21.6M-944.8M-8.6M1.542.214,5066,955194,744302,721
2023-08-30$148.72$137.0024.7%6.3%18.1%0.0%22.8%3.0%0.6%34.2M-1.10B-8.3M1.833.439,48517,346197,147303,540
2023-08-31$148.94$139.0023.6%6.1%16.6%0.0%21.9%3.2%0.9%37.2M-1.10B-8.5M1.271.697,3209,300200,442310,719