XOP Options History — September 2023

In September 2023, XOP traded between $143.66 and $153.56. ATM implied volatility averaged 25.5%, placing in the 6.9% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 6.1% (HV 20d: 19.4%). Max pain ranged from $139.00 to $151.00. Net GEX was positive for 12 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 1.54.

Notable Days

  • 2023-09-11: Highest Volume — 150,994 contracts
  • 2023-09-21: Largest IV spike — 7.8% change
  • 2023-09-29: Highest IV Rank — 17.5%
  • 2023-09-27: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$149.39$143.66$153.56$152.26$147.81
Max Pain$149.40$139.00$151.00$139.00$151.00
ATM IV25.5%22.9%29.3%22.9%28.8%
Expected Move7.3%6.0%8.3%6.0%8.1%
HV 20d19.4%16.3%23.8%18.0%23.8%
HV 60d22.7%22.1%23.3%23.3%22.7%
IV Rank6.9%0.0%17.5%0.0%17.5%
IV Percentile7.0%0.0%25.4%0.0%20.2%
Term Structure0.5%0.3%0.8%0.8%0.7%
VWIV26.1%22.2%29.6%22.2%28.1%
Skew 25d2.8%2.1%3.7%2.6%3.3%
Skew 10d5.5%4.2%7.2%5.3%6.0%
Call IV 25d24.4%21.8%28.1%21.8%27.1%
Put IV 25d27.2%24.4%31.2%24.4%30.4%
Bid-Ask Spread %2.721.965.561.962.47
Gamma HHI0.080.060.120.090.08
Net GEX11.2M-31.7M44.0M42.2M-31.7M
Net DEX-798.9M-1.56B107.6M-1.47B-267.2M
Net VEX-8.9M-9.7M-7.9M-8.1M-9.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.540.442.821.552.49
Total Volume33,445.311,225150,99433,54635,952
Total OI511,641.3438,790604,912517,656513,709

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-09-01$152.26$139.0022.9%6.0%18.0%0.0%22.2%2.6%0.8%42.2M-1.47B-8.1M1.551.9613,13720,409203,668313,988
2023-09-05$151.81$149.0023.8%7.1%18.1%2.5%24.7%2.5%0.3%38.8M-1.34B-8.1M1.895.568,41815,880202,880315,089
2023-09-06$151.56$150.0024.1%7.1%17.9%3.1%25.3%2.7%0.4%33.4M-1.32B-8.0M0.992.785,6365,589206,949318,059
2023-09-07$151.59$150.0024.1%7.1%16.9%3.1%25.3%2.6%0.4%33.2M-1.32B-8.2M1.803.325,2459,435209,767320,285
2023-09-08$153.16$150.0023.7%7.0%16.3%2.1%24.7%2.1%0.6%44.0M-1.51B-7.9M2.022.7511,88523,986211,319327,562
2023-09-11$149.99$150.0024.7%7.2%17.7%4.6%26.2%2.5%0.4%21.0M-1.09B-8.2M1.182.3169,16181,833209,699317,210
2023-09-12$153.56$150.0024.2%7.1%19.2%3.3%25.1%2.4%0.5%43.8M-1.56B-9.0M1.182.369,38911,088242,566340,186
2023-09-13$151.70$150.0024.5%7.2%18.1%4.2%26.0%2.4%0.4%29.6M-1.33B-9.1M1.222.419,09311,054244,003343,963
2023-09-14$152.69$150.0023.2%6.7%18.1%0.8%24.4%2.1%0.4%42.4M-1.48B-9.0M1.632.557,49412,203248,242347,321
2023-09-15$149.69$150.0023.9%7.0%19.4%2.6%24.6%2.2%0.5%29.2M-939.2M-9.2M0.933.5917,12015,997250,022354,890
2023-09-18$149.38$150.0024.4%7.0%19.2%4.0%23.7%2.8%0.4%-5.8M-474.8M-9.0M0.442.4018,5728,230186,536252,254
2023-09-19$147.88$150.0024.8%7.1%19.5%4.9%24.5%3.0%0.3%-9.4M-323.1M-9.0M1.012.0911,63611,782189,620255,171
2023-09-20$145.78$150.0025.0%7.2%19.7%5.5%26.3%3.0%0.7%-19.1M-105.6M-9.2M2.112.306,37713,474195,667261,086
2023-09-21$143.87$150.0027.0%7.7%19.8%10.6%29.4%3.4%0.3%-28.9M86.6M-9.3M1.922.7011,95423,009198,193265,057
2023-09-22$143.66$150.0026.8%7.6%19.7%10.1%27.2%3.2%0.3%-27.7M107.6M-9.3M2.692.3712,14432,680202,781278,103
2023-09-25$146.01$150.0027.2%7.7%20.1%11.1%27.1%3.6%0.5%-12.4M-191.0M-9.2M1.062.487,9508,453194,280272,969
2023-09-26$145.22$150.0029.1%8.3%20.1%16.2%29.5%3.7%0.5%-13.1M-105.6M-9.4M0.902.699,4788,540196,332274,123
2023-09-27$149.80$149.0029.3%8.3%23.0%16.7%28.9%2.9%0.5%6.5M-643.2M-9.4M1.022.6716,72817,095200,367278,151
2023-09-28$150.46$150.0028.5%8.1%22.9%16.0%29.6%3.0%0.4%8.5M-713.4M-9.3M2.822.5613,31237,488206,429284,330
2023-09-29$147.81$151.0028.8%8.1%23.8%17.5%28.1%3.3%0.7%-31.7M-267.2M-9.7M2.492.4710,29825,654204,739308,970