XOP Options History — January 2024

In January 2024, XOP traded between $128.06 and $139.45. ATM implied volatility averaged 26.0%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 4.4% (HV 20d: 21.6%). Max pain ranged from $132.00 to $139.00. Net GEX was positive for 6 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.47.

Notable Days

  • 2024-01-17: Highest Volume — 65,694 contracts
  • 2024-01-16: Largest IV spike — 5.5% change
  • 2024-01-17: Highest IV Rank — 17.6%
  • 2024-01-17: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$132.83$128.06$139.45$137.38$133.65
Max Pain$135.50$132.00$139.00$136.00$132.00
ATM IV26.0%24.1%27.8%26.2%25.8%
Expected Move7.5%7.0%8.0%7.1%7.6%
HV 20d21.6%19.6%25.3%24.6%22.3%
HV 60d22.6%22.0%23.3%23.3%23.1%
IV Rank11.1%4.2%17.6%12.0%10.7%
IV Percentile15.7%2.4%31.0%16.3%17.5%
Term Structure0.2%-0.7%1.0%0.5%0.1%
VWIV26.4%24.7%27.9%25.7%27.0%
Skew 25d1.6%0.9%2.4%1.3%1.7%
Skew 10d3.7%2.4%5.9%2.4%4.1%
Call IV 25d25.5%24.0%26.9%25.9%25.5%
Put IV 25d27.1%25.0%28.8%27.3%27.3%
Bid-Ask Spread %3.552.825.412.823.58
Gamma HHI0.060.040.100.050.04
Net GEX-12.9M-47.7M12.3M-1.8M3.5M
Net DEX155.4M-286.7M576.3M-95.5M-22.9M
Net VEX-7.1M-8.0M-6.2M-7.4M-8.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.470.307.110.890.91
Total Volume21,828.3336,12765,6949,6849,777
Total OI405,378327,328491,263428,413360,341

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$137.38$136.0026.2%7.1%24.6%12.0%25.7%1.3%0.5%-1.8M-95.5M-7.4M0.892.825,1154,569202,576225,837
2024-01-03$139.45$136.0026.8%7.2%24.7%14.2%25.5%1.2%0.1%6.9M-286.7M-7.6M2.713.694,35911,810204,113226,756
2024-01-04$136.18$139.0026.9%7.9%25.3%14.4%27.8%1.2%0.4%-8.4M31.9M-7.3M1.512.935,5898,444206,403231,966
2024-01-05$136.35$139.0026.2%7.8%22.7%12.0%27.6%1.2%0.6%-11.6M20.2M-7.3M1.073.415,7096,091209,077233,845
2024-01-08$135.07$139.0027.0%7.9%23.0%14.9%27.9%1.9%0.5%-11.3M122.6M-7.1M1.483.047,86911,656205,605232,096
2024-01-09$133.82$139.0026.5%7.6%22.8%13.0%26.4%2.2%0.1%-16.2M235.0M-7.0M0.972.868,8108,572209,676234,038
2024-01-10$131.82$138.0026.7%7.7%23.4%13.8%27.1%2.4%0.3%-23.5M313.4M-6.8M4.513.247,24432,636209,751226,901
2024-01-11$131.94$138.0026.0%7.5%22.2%11.3%26.7%1.9%0.3%-26.9M270.9M-6.8M0.883.157,2276,367213,114229,622
2024-01-12$133.57$138.0025.7%7.5%21.3%10.1%26.2%1.6%1.0%-18.0M111.5M-6.8M0.673.1110,9207,299215,116231,031
2024-01-16$129.62$137.0027.1%7.8%20.4%15.1%27.0%1.9%-0.2%-38.7M481.8M-6.4M0.525.4115,1867,966218,650233,796
2024-01-17$128.09$137.0027.8%8.0%20.6%17.6%27.6%1.9%-0.7%-40.7M576.3M-6.2M7.113.338,09857,596223,134232,125
2024-01-18$128.06$134.0027.1%7.8%20.2%15.4%27.1%2.1%0.1%-47.7M550.5M-6.3M1.883.9921,56440,444226,445234,436
2024-01-19$128.09$134.0026.5%7.6%19.6%13.0%26.1%1.8%0.0%-39.6M541.9M-6.9M0.484.209,7254,624239,612251,651
2024-01-22$129.06$133.0025.7%7.4%19.8%10.0%26.2%1.6%0.3%-9.7M275.3M-7.0M0.303.3420,8806,218167,227163,524
2024-01-23$129.32$133.0024.4%7.0%19.7%5.5%25.0%1.6%0.3%-9.2M268.4M-6.9M1.003.653,0663,061162,324165,004
2024-01-24$130.87$133.0024.1%7.0%20.2%4.2%24.7%1.2%0.2%-3.7M158.7M-7.0M0.464.238,9834,135163,042165,384
2024-01-25$132.86$133.0024.5%7.2%19.9%5.9%25.6%1.0%0.2%1.9M29.0M-7.1M0.484.179,8544,775163,501166,691
2024-01-26$133.90$132.5024.3%7.0%20.2%4.9%24.9%0.9%0.1%9.2M-55.5M-7.3M0.524.5216,8678,710167,661168,439
2024-01-29$133.81$133.0024.9%7.3%19.7%7.2%26.5%1.4%0.4%3.0M-24.0M-7.5M1.442.908,97112,904167,870170,287
2024-01-30$136.59$132.0025.0%7.3%20.9%7.7%26.4%1.3%0.3%12.3M-238.4M-7.9M1.013.017,3297,376174,413179,858
2024-01-31$133.65$132.0025.8%7.6%22.3%10.7%27.0%1.7%0.1%3.5M-22.9M-8.0M0.913.585,1094,668178,275182,066