XOP Options History — February 2024

In February 2024, XOP traded between $130.28 and $140.47. ATM implied volatility averaged 25.3%, placing in the 8.7% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 2.9% (HV 20d: 22.4%). Max pain ranged from $135.00 to $135.00. Net GEX was positive for 15 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.90.

Notable Days

  • 2024-02-27: Highest Volume — 28,270 contracts
  • 2024-02-22: Largest IV drop — 7.6% change
  • 2024-02-21: Highest IV Rank — 18.8%
  • 2024-02-01: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$135.63$130.28$140.47$132.13$140.47
Max Pain$135.00$135.00$135.00$135.00$135.00
ATM IV25.3%24.2%28.1%26.0%24.4%
Expected Move7.2%6.8%7.6%7.6%6.8%
HV 20d22.4%19.2%25.5%21.7%23.0%
HV 60d22.4%21.3%23.1%23.1%23.0%
IV Rank8.7%4.7%18.8%11.4%5.6%
IV Percentile14.9%4.0%42.5%19.4%6.0%
Term Structure0.1%-4.0%1.3%0.6%-0.3%
VWIV25.3%24.2%27.0%27.0%24.2%
Skew 25d1.4%0.4%2.2%1.7%2.2%
Skew 10d2.6%-2.4%4.5%4.5%2.9%
Call IV 25d24.8%24.0%25.8%25.5%24.3%
Put IV 25d26.2%25.0%27.4%27.2%26.5%
Bid-Ask Spread %3.292.308.248.242.87
Gamma HHI0.040.040.060.040.04
Net GEX12.3M-17.4M32.0M-5.0M28.8M
Net DEX-169.5M-483.9M237.9M106.9M-483.9M
Net VEX-7.9M-8.4M-7.6M-7.8M-8.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.371.481.021.48
Total Volume11,807.155,69028,27018,1437,298
Total OI379,198.3363,856404,024365,186404,024

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$132.13$135.0026.0%7.6%21.7%11.4%27.0%1.7%0.6%-5.0M106.9M-7.8M1.028.248,9859,158181,138184,048
2024-02-02$130.94$135.0025.2%7.4%20.3%8.4%25.9%1.6%0.5%-17.4M200.2M-7.7M0.823.407,0525,760184,422184,127
2024-02-05$130.28$135.0025.4%7.4%20.3%9.1%25.8%1.6%0.3%-11.1M237.9M-7.6M1.293.175,2256,724181,821182,035
2024-02-06$130.93$135.0025.2%7.3%20.3%8.2%25.5%1.6%0.3%-9.5M177.2M-7.7M0.623.025,9603,714183,906185,096
2024-02-07$132.33$135.0024.2%7.1%20.5%4.7%24.8%1.1%0.5%-168.7K51.5M-7.7M0.773.223,9243,005187,046186,871
2024-02-08$134.00$135.0024.3%7.0%20.3%5.1%24.7%1.0%0.4%13.8M-89.3M-7.8M0.713.449,6366,812188,479188,155
2024-02-09$132.56$135.0024.4%7.0%20.7%5.5%25.4%0.8%0.2%6.6M36.2M-8.0M0.613.455,8643,575194,403191,337
2024-02-12$135.34$135.0025.0%7.2%21.6%7.5%25.4%1.1%0.8%17.0M-187.6M-8.1M0.513.285,7272,916191,494185,115
2024-02-13$132.73$135.0026.1%7.5%19.8%11.4%26.5%1.4%1.3%3.4M38.2M-8.0M1.213.573,3884,087192,246186,752
2024-02-14$132.97$135.0025.3%7.2%19.2%8.6%25.4%1.5%0.7%4.6M12.2M-7.9M0.913.814,6044,201193,503188,244
2024-02-15$137.91$135.0025.0%7.1%22.8%7.7%25.8%0.5%0.8%31.9M-425.6M-8.0M1.152.859,99511,456195,818190,073
2024-02-16$138.49$135.0025.1%7.1%22.7%7.8%24.9%0.4%0.8%32.0M-458.4M-8.2M0.373.0612,6824,708198,294196,200
2024-02-20$135.85$135.0026.3%7.4%24.1%12.3%25.9%1.8%-0.1%10.3M-161.9M-7.9M0.803.205,3984,337187,000182,421
2024-02-21$139.47$135.0028.1%7.3%25.5%18.8%25.8%1.8%-4.0%25.0M-453.0M-8.0M1.142.686,6297,563190,039184,677
2024-02-22$139.22$135.0025.9%7.2%25.4%11.1%25.1%1.2%-0.5%25.1M-422.4M-8.0M0.672.515,6473,811191,649187,402
2024-02-23$138.88$135.0025.0%7.0%25.1%7.8%24.3%2.0%-0.2%25.6M-386.5M-7.9M0.912.853,4703,170192,274188,556
2024-02-26$139.50$135.0025.0%7.1%25.0%7.5%24.9%1.2%-0.2%21.5M-404.4M-7.8M0.762.303,2402,462188,489186,046
2024-02-27$139.80$135.0024.9%7.0%25.0%7.1%25.1%2.0%-0.3%23.9M-427.4M-7.8M1.102.5113,47114,799190,306188,421
2024-02-28$138.81$135.0025.0%7.0%24.2%7.8%24.7%2.0%-0.3%19.8M-349.5M-8.4M1.082.432,7352,955201,307200,732
2024-02-29$140.47$135.0024.4%6.8%23.0%5.6%24.2%2.2%-0.3%28.8M-483.9M-8.4M1.482.872,9404,358202,157201,867