XOP Options History — April 2024

In April 2024, XOP traded between $151.66 and $160.81. ATM implied volatility averaged 22.8%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 8.0% (HV 20d: 14.8%). Max pain ranged from $138.00 to $151.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 1.21.

Notable Days

  • 2024-04-04: Highest Volume — 33,944 contracts
  • 2024-04-12: Largest IV spike — 11.0% change
  • 2024-04-17: Highest IV Rank — 26.0%
  • 2024-04-19: Largest Expected Move — 7.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$156.65$151.66$160.81$156.22$151.87
Max Pain$148.77$138.00$151.00$146.00$151.00
ATM IV22.8%21.0%24.8%21.4%22.6%
Expected Move6.5%5.8%7.1%5.8%6.6%
HV 20d14.8%12.7%18.9%13.8%18.9%
HV 60d18.6%17.1%20.1%20.1%18.9%
IV Rank16.9%8.5%26.0%10.3%15.6%
IV Percentile8.4%2.8%21.8%2.8%9.1%
Term Structure0.1%-0.5%0.6%0.4%-0.0%
VWIV23.2%20.3%24.9%20.3%23.2%
Skew 25d-0.1%-1.2%0.9%0.1%0.2%
Skew 10d0.0%-1.9%1.2%1.2%0.7%
Call IV 25d23.3%21.1%25.6%21.9%22.8%
Put IV 25d23.1%21.4%25.1%22.0%23.0%
Bid-Ask Spread %32.335.2648.0031.2641.90
Gamma HHI0.060.050.090.090.05
Net GEX24.6M-6.2M57.5M46.6M4.9M
Net DEX-1.19B-1.63B-604.2M-1.35B-604.2M
Net VEX-8.5M-9.3M-7.6M-7.9M-8.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.393.700.391.14
Total Volume18,955.7274,54933,94425,18416,978
Total OI447,102.182389,077510,751389,077440,712

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-04-01$156.22$146.0021.4%5.8%13.8%10.3%20.3%0.1%0.4%46.6M-1.35B-7.9M0.3931.2618,1017,083191,149197,928
2024-04-02$156.80$147.0021.9%5.9%12.7%12.4%23.0%0.9%0.4%48.9M-1.37B-7.8M1.135.2614,17215,981191,892203,379
2024-04-03$159.22$147.0022.3%6.0%13.1%14.3%21.3%0.4%0.4%57.5M-1.57B-7.6M0.8248.009,4607,778202,726209,758
2024-04-04$158.70$138.0024.0%7.0%13.5%22.4%24.8%-0.1%0.3%47.3M-1.49B-8.0M1.0327.8316,70017,244202,243213,350
2024-04-05$160.81$147.0023.3%6.7%13.8%18.9%24.0%-0.4%0.2%42.5M-1.63B-7.9M0.9726.9916,67116,149204,133225,457
2024-04-08$160.12$148.0022.3%6.4%14.2%14.5%22.9%-0.4%0.2%37.7M-1.56B-8.2M1.4529.159,31813,498201,485225,957
2024-04-09$159.60$148.0021.7%6.3%14.6%11.8%22.2%-0.3%0.0%30.3M-1.49B-8.3M0.9432.035,8855,535203,545236,129
2024-04-10$159.98$148.0022.3%6.5%14.5%14.4%23.1%-1.0%0.3%32.0M-1.52B-8.4M1.0234.228,7348,950206,811239,085
2024-04-11$159.29$149.0021.9%6.4%13.5%12.6%22.5%-0.7%0.4%28.5M-1.45B-8.5M3.7025.183,93414,538211,643242,274
2024-04-12$158.11$150.0024.3%6.9%14.0%23.9%24.6%-1.2%-0.1%14.8M-1.30B-8.7M1.4734.2810,33315,160212,875252,268
2024-04-15$155.32$150.0024.0%6.9%15.8%22.4%24.1%-0.7%0.2%9.3M-1.02B-8.9M1.2330.9211,52014,189211,989253,658
2024-04-16$154.18$150.0023.5%6.7%16.1%20.1%24.4%-0.3%0.3%1.2M-873.4M-8.9M1.8934.5510,53019,850217,985261,240
2024-04-17$153.09$150.0024.8%7.1%16.0%26.0%24.9%-0.4%0.2%-5.2M-732.8M-9.3M0.4832.7315,7317,588222,289270,293
2024-04-18$151.66$150.0024.3%7.0%16.1%23.9%24.3%0.0%0.1%-6.2M-626.8M-9.3M1.7932.275,4849,810234,828272,376
2024-04-19$153.05$150.0024.8%7.1%16.3%25.9%24.9%0.1%-0.2%4.0M-836.2M-9.2M1.1532.1711,00012,612237,144273,607
2024-04-22$154.80$150.0023.4%6.8%16.5%19.4%24.0%0.3%-0.1%13.4M-926.1M-8.7M0.6729.705,3173,558201,051237,684
2024-04-23$155.59$150.0022.7%6.6%16.1%16.3%23.1%0.3%-0.3%18.7M-1.02B-8.6M1.0333.003,9234,039202,925239,063
2024-04-24$155.93$151.0022.2%6.4%15.2%13.8%22.6%0.1%-0.3%22.4M-1.06B-8.6M0.9631.482,3192,230205,032241,092
2024-04-25$157.05$151.0022.3%6.5%14.9%14.4%23.0%-0.1%-0.3%28.0M-1.17B-8.4M1.5232.242,2973,500206,535243,033
2024-04-26$157.18$151.0021.3%6.1%13.6%9.9%21.6%-0.0%-0.5%33.5M-1.21B-8.2M0.9641.515,3305,094207,442244,323
2024-04-29$157.69$151.0021.0%6.2%13.4%8.5%21.9%0.3%0.6%31.9M-1.25B-8.1M0.9644.594,5384,365202,198235,662
2024-04-30$151.87$151.0022.6%6.6%18.9%15.6%23.2%0.2%-0.0%4.9M-604.2M-8.4M1.1441.907,9519,027203,432237,280