XOP Options History — March 2024

In March 2024, XOP traded between $140.86 and $154.94. ATM implied volatility averaged 22.3%, placing in the 2.9% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 4.7% (HV 20d: 17.6%). Max pain ranged from $135.00 to $145.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 1.06.

Notable Days

  • 2024-03-13: Highest Volume — 31,084 contracts
  • 2024-03-20: Largest IV drop — 5.6% change
  • 2024-03-05: Highest IV Rank — 9.6%
  • 2024-03-05: Largest Expected Move — 7.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$147.12$140.86$154.94$142.24$154.94
Max Pain$139.20$135.00$145.00$135.00$145.00
ATM IV22.3%19.2%25.5%24.6%19.6%
Expected Move6.4%5.3%7.4%6.9%5.3%
HV 20d17.6%11.6%22.7%22.6%14.0%
HV 60d20.9%20.0%23.0%23.0%20.2%
IV Rank2.9%0.0%9.6%6.1%1.5%
IV Percentile5.0%0.0%21.0%7.5%0.4%
Term Structure0.4%-0.3%1.0%-0.3%1.0%
VWIV22.6%18.6%26.4%24.2%19.4%
Skew 25d-0.0%-0.7%0.7%-0.0%0.6%
Skew 10d0.3%-1.1%1.6%-0.2%1.4%
Call IV 25d22.7%19.4%25.9%25.0%19.4%
Put IV 25d22.6%19.5%26.0%25.0%20.0%
Bid-Ask Spread %9.232.8933.542.925.75
Gamma HHI0.080.040.250.060.25
Net GEX41.4M23.5M77.2M42.3M77.2M
Net DEX-870.1M-1.30B-509.6M-651.5M-1.30B
Net VEX-8.2M-8.4M-8.1M-8.3M-8.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.060.453.850.653.85
Total Volume15,413.956,00731,08412,86229,832
Total OI396,348.85342,375432,453406,400397,986

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$142.24$135.0024.6%6.9%22.6%6.1%24.2%-0.0%-0.3%42.3M-651.5M-8.3M0.652.927,8175,045203,475202,925
2024-03-04$140.86$135.0025.0%7.2%22.7%7.7%25.6%0.7%-0.1%27.5M-509.6M-8.2M1.252.892,6753,332196,710200,152
2024-03-05$141.13$135.0025.5%7.4%22.4%9.6%26.1%0.0%0.1%28.3M-518.2M-8.3M1.0022.126,7796,774197,720201,835
2024-03-06$141.58$135.0025.4%7.4%22.4%9.2%26.4%-0.1%0.3%30.0M-575.6M-8.4M0.4513.3210,0614,489202,334205,792
2024-03-07$142.53$135.0025.1%7.3%22.3%8.0%25.7%-0.0%0.2%39.2M-675.1M-8.4M0.863.267,4566,389210,136208,063
2024-03-08$142.94$135.0024.5%7.2%22.1%6.0%25.3%0.1%0.2%43.0M-690.4M-8.4M1.1632.505,0785,898212,065209,776
2024-03-11$143.72$137.0024.6%7.1%21.5%6.0%25.0%-0.3%0.2%40.6M-730.2M-8.2M1.115.623,9184,352208,135209,926
2024-03-12$143.99$138.0023.2%6.7%20.5%1.2%23.9%-0.2%0.3%46.8M-762.0M-8.1M0.9133.545,6445,122209,878211,764
2024-03-13$147.22$138.0022.2%6.5%19.8%0.0%22.7%-0.7%0.4%48.1M-1.04B-8.1M0.915.8216,31614,768211,261213,320
2024-03-14$147.09$140.0022.3%6.4%19.9%0.2%23.0%-0.5%0.2%43.1M-971.9M-8.3M0.826.506,7035,506208,935220,062
2024-03-15$148.27$140.0022.2%6.4%16.1%0.0%22.6%-0.2%0.2%35.2M-1.08B-8.2M0.515.3613,5946,970210,001222,452
2024-03-18$147.86$140.0022.2%6.4%16.2%0.0%22.6%0.5%0.3%29.7M-764.9M-8.2M0.574.328,8285,038167,813174,562
2024-03-19$149.57$140.0021.5%6.2%14.1%0.0%21.9%0.0%0.4%41.8M-898.9M-8.2M0.786.038,9696,995173,647177,716
2024-03-20$150.97$140.0020.3%5.8%11.8%0.0%21.2%0.1%0.5%45.7M-1.00B-8.1M0.767.448,2786,307175,113181,341
2024-03-21$151.76$140.0019.7%5.6%11.6%0.0%19.9%-0.2%0.8%52.9M-1.09B-8.1M0.658.4018,49912,031179,019182,488
2024-03-22$150.63$141.0019.6%5.6%12.1%0.0%19.8%-0.0%0.7%55.3M-989.9M-8.3M1.344.437,0609,492191,814190,168
2024-03-25$152.41$145.0020.0%5.6%12.4%1.6%19.6%-0.3%0.8%37.8M-1.11B-8.1M1.284.113,8434,929188,341191,612
2024-03-26$150.47$145.0019.8%5.5%13.8%0.9%19.3%0.0%0.8%23.5M-938.8M-8.3M0.865.168,6327,416189,644194,526
2024-03-27$152.24$145.0019.2%5.3%13.5%0.0%18.6%-0.2%1.0%39.2M-1.10B-8.2M1.575.152,8924,552195,577198,893
2024-03-28$154.94$145.0019.6%5.3%14.0%1.5%19.4%0.6%1.0%77.2M-1.30B-8.1M3.855.756,14923,683196,232201,754