XOP Options History — October 2023

In October 2023, XOP traded between $136.37 and $152.41. ATM implied volatility averaged 31.1%, placing in the 26.4% IV rank vs the trailing year. The 30-day expected move averaged 9.0%. IV traded above realized volatility by 1.3% (HV 20d: 29.8%). Max pain ranged from $140.00 to $151.00. Net GEX was positive for 12 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.36.

Notable Days

  • 2023-10-04: Highest Volume — 87,287 contracts
  • 2023-10-13: Largest IV spike — 8.2% change
  • 2023-10-27: Highest IV Rank — 32.1%
  • 2023-10-04: Largest Expected Move — 9.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$145.69$136.37$152.41$142.56$144.78
Max Pain$142.64$140.00$151.00$151.00$143.00
ATM IV31.1%29.5%33.5%30.8%29.5%
Expected Move9.0%8.5%9.6%8.8%8.6%
HV 20d29.8%25.4%32.6%25.4%26.3%
HV 60d23.9%23.2%24.7%23.2%23.4%
IV Rank26.4%19.8%32.1%23.7%23.9%
IV Percentile33.0%27.8%37.7%31.7%27.8%
Term Structure0.2%-0.8%1.2%-0.0%0.4%
VWIV31.5%29.9%34.0%31.1%29.9%
Skew 25d2.7%1.8%4.8%3.6%2.7%
Skew 10d4.7%2.8%8.6%7.0%5.0%
Call IV 25d30.0%28.5%31.5%29.5%28.7%
Put IV 25d32.7%31.0%35.8%33.1%31.3%
Bid-Ask Spread %2.682.033.142.883.14
Gamma HHI0.070.050.180.050.06
Net GEX3.7M-72.8M80.0M-48.8M11.0M
Net DEX-387.1M-1.45B1.09B307.4M-334.4M
Net VEX-9.5M-10.3M-8.8M-9.7M-8.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.360.413.942.211.42
Total Volume38,166.4099,07587,28774,6279,075
Total OI557,591.091487,099636,268505,577491,957

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-10-02$142.56$151.0030.8%8.8%25.4%23.7%31.1%3.6%-0.0%-48.8M307.4M-9.7M2.212.8823,26951,358198,077307,500
2023-10-03$142.29$150.0032.2%9.2%25.4%27.7%30.8%3.9%0.0%-60.2M400.1M-10.3M1.183.0515,41218,178212,109334,097
2023-10-04$136.37$150.0033.5%9.6%29.0%31.8%32.8%4.5%0.0%-72.8M1.09B-9.9M1.472.7435,27452,013221,617336,552
2023-10-05$137.09$140.0032.9%9.3%29.1%29.9%34.0%4.8%-0.1%-69.9M908.7M-10.2M3.943.0913,27252,287235,739341,887
2023-10-06$139.88$140.0031.1%9.0%30.0%24.5%30.6%4.0%-0.1%-70.5M446.9M-9.9M1.612.9816,08625,895241,042337,828
2023-10-09$145.03$140.0032.3%9.2%32.6%28.0%32.6%2.5%-0.0%-14.0M-324.1M-9.9M0.832.7832,26126,848233,433325,186
2023-10-10$146.03$140.0030.5%8.8%31.4%22.7%31.2%2.5%0.3%-1.6M-498.9M-9.8M1.132.3814,79516,660250,499332,426
2023-10-11$145.31$140.0030.0%8.7%31.2%21.3%30.7%2.5%0.1%-7.2M-389.5M-9.8M1.082.8412,91813,936254,825335,968
2023-10-12$145.49$140.0029.5%8.5%31.1%19.8%30.2%2.6%0.1%-1.4M-440.6M-9.7M3.862.576,91626,695261,136340,467
2023-10-13$148.64$140.0031.9%9.1%31.5%27.1%32.2%1.8%0.0%25.8M-921.9M-10.0M0.672.9127,74318,547264,701352,629
2023-10-16$150.03$140.0030.0%8.6%31.6%21.4%30.9%1.8%-0.6%51.8M-1.10B-9.3M0.412.0328,70611,658265,406325,993
2023-10-17$151.86$140.0029.7%8.5%31.7%20.6%30.0%1.9%-0.7%73.7M-1.39B-9.0M1.152.1419,73422,751269,701327,653
2023-10-18$152.41$142.0031.4%9.0%31.1%27.0%31.9%2.2%-0.8%78.3M-1.45B-9.2M0.952.5521,03220,052273,458334,395
2023-10-19$152.41$142.0031.8%9.2%30.6%29.8%31.8%1.9%-0.7%75.5M-1.43B-9.5M0.462.2823,45010,864278,242344,049
2023-10-20$150.18$143.0031.5%9.1%31.2%29.4%31.5%2.1%-0.5%80.0M-1.10B-9.5M1.572.1411,74718,420286,370349,898
2023-10-23$147.77$143.0030.6%9.0%31.4%27.4%31.5%2.3%1.1%22.9M-585.3M-9.3M1.532.537,07410,809229,536266,460
2023-10-24$147.28$142.0030.3%8.8%31.4%26.8%31.8%2.3%0.9%18.3M-555.8M-9.3M0.522.3022,02011,403233,093272,107
2023-10-25$146.68$143.0030.7%9.1%29.3%28.3%32.1%2.2%1.2%8.6M-461.3M-9.2M0.942.678,1947,672222,546274,490
2023-10-26$146.00$143.0030.8%9.1%29.2%28.9%32.3%2.0%1.1%2.7M-389.4M-9.1M1.803.028,94716,068225,215277,379
2023-10-27$143.70$143.0031.7%9.3%29.1%32.1%32.3%2.1%1.2%-23.4M-124.3M-9.2M0.682.8513,7519,410227,708286,531
2023-10-30$143.32$143.0030.9%8.9%26.0%29.0%30.7%2.6%0.4%2.0M-178.4M-8.8M0.593.1016,6319,830218,119268,980
2023-10-31$144.78$143.0029.5%8.6%26.3%23.9%29.9%2.7%0.4%11.0M-334.4M-8.8M1.423.143,7565,319221,625270,332