XOP Options History — July 2024

In July 2024, XOP traded between $142.68 and $148.69. ATM implied volatility averaged 22.0%, placing in the 22.3% IV rank vs the trailing year. The 30-day expected move averaged 6.4%. IV traded above realized volatility by 2.7% (HV 20d: 19.2%). Max pain ranged from $144.00 to $146.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.78.

Notable Days

  • 2024-07-05: Highest Volume — 74,502 contracts
  • 2024-07-11: Largest IV spike — 8.4% change
  • 2024-07-30: Highest IV Rank — 38.7%
  • 2024-07-30: Largest Expected Move — 7.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$145.58$142.68$148.69$145.88$147.43
Max Pain$145.00$144.00$146.00$146.00$145.00
ATM IV22.0%19.8%24.4%20.4%24.2%
Expected Move6.4%5.5%7.3%5.8%7.3%
HV 20d19.2%16.8%21.5%21.5%19.6%
HV 60d20.4%19.3%21.2%19.9%19.8%
IV Rank22.3%7.9%38.7%11.7%37.3%
IV Percentile23.5%7.9%42.9%12.3%40.9%
Term Structure0.2%-2.3%3.8%0.4%-0.8%
VWIV22.7%19.2%25.9%20.6%25.7%
Skew 25d1.4%-2.0%4.0%0.8%1.9%
Skew 10d3.3%0.5%9.6%2.7%2.7%
Call IV 25d21.7%19.2%23.7%20.3%23.5%
Put IV 25d23.1%19.0%26.3%21.1%25.4%
Bid-Ask Spread %43.1435.2252.3145.8152.31
Gamma HHI0.070.040.100.040.08
Net GEX22.2M-9.4M52.9M3.0M40.6M
Net DEX-129.7M-401.8M113.6M-92.6M-298.3M
Net VEX-6.7M-7.3M-6.2M-6.2M-7.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.022.670.022.67
Total Volume21,498.8186,44474,50254,13626,328
Total OI342,184.909296,077393,454296,077355,317

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-07-01$145.88$146.0020.4%5.8%21.5%11.7%20.6%0.8%0.4%3.0M-92.6M-6.2M0.0245.8152,9511,185131,979164,098
2024-07-02$146.26$145.0020.0%5.5%18.8%9.0%19.2%1.8%0.2%31.9M-195.7M-6.4M0.6643.0111,4117,523173,283163,244
2024-07-03$147.50$145.0019.9%5.5%18.3%8.6%19.7%1.5%0.3%47.6M-271.3M-6.4M0.9445.664,5974,306173,801167,019
2024-07-05$143.75$145.0021.3%6.2%20.6%17.8%22.0%0.5%0.2%1.3M54.7M-6.2M0.0938.6468,0766,426175,044167,081
2024-07-08$144.06$145.0021.4%6.3%20.4%18.6%22.2%-2.0%0.7%5.3M6.2M-6.4M1.6535.224,5237,457169,426166,350
2024-07-09$143.02$145.0021.5%6.3%20.5%19.3%22.5%1.3%0.3%-6.3M100.9M-6.3M0.6836.7011,9748,122170,261170,146
2024-07-10$142.93$145.0019.9%6.3%19.0%8.3%21.8%1.6%0.2%-9.4M113.6M-6.2M1.1938.555,0906,065172,346173,067
2024-07-11$145.98$145.0021.6%6.2%20.7%19.6%22.4%3.1%-0.2%19.4M-125.7M-6.6M0.2438.439,6902,343174,337176,267
2024-07-12$146.10$145.0019.8%6.1%20.1%7.9%22.1%2.1%2.6%24.2M-136.9M-6.5M0.4242.357,2643,060176,448175,899
2024-07-15$148.69$145.0021.3%6.2%20.5%17.7%22.1%1.4%-2.0%46.3M-400.4M-6.3M0.6544.8817,09111,058154,373167,597
2024-07-16$148.37$145.0021.9%6.3%19.4%22.1%22.4%1.4%0.2%43.2M-340.7M-6.3M0.6343.197,7654,923155,489169,948
2024-07-17$148.69$145.0022.8%6.5%19.4%28.0%23.2%1.4%0.5%49.6M-401.8M-6.5M0.1941.7858,15911,177161,212171,016
2024-07-18$147.34$145.0023.0%6.6%19.8%29.1%22.8%1.7%-2.3%52.9M-346.3M-7.3M0.4947.336,9043,398211,068178,452
2024-07-19$146.01$145.0023.4%6.7%19.7%32.2%23.4%1.5%0.3%48.0M-184.6M-7.1M0.9946.314,8274,765213,100180,354
2024-07-22$145.97$145.0023.0%6.5%19.2%29.0%23.7%1.1%-0.2%16.3M-135.7M-7.1M0.6337.0010,8506,878174,453150,610
2024-07-23$143.58$145.0022.3%6.5%16.8%24.4%23.4%4.0%0.5%6.2M32.1M-6.9M0.5141.058,7134,432175,033153,181
2024-07-24$142.68$145.0023.1%6.9%16.8%29.6%24.3%2.9%3.8%5.2M79.8M-6.8M1.1147.658,9529,961179,395156,340
2024-07-25$144.94$144.0022.8%6.6%17.5%27.7%23.6%3.0%-0.1%16.9M-113.3M-7.0M0.6043.979,5685,703185,896161,058
2024-07-26$145.11$145.0022.1%6.5%17.5%22.8%22.8%-0.4%-0.1%14.8M-91.8M-6.9M0.9945.433,2383,206182,911160,332
2024-07-29$143.13$145.0023.2%6.8%18.1%30.8%23.8%-0.5%-0.4%9.1M34.8M-6.9M1.0543.744,2454,457184,898157,239
2024-07-30$145.30$145.0024.4%7.3%18.9%38.7%25.9%1.1%0.1%23.5M-139.8M-7.0M0.8350.007,8236,490187,856160,844
2024-07-31$147.43$145.0024.2%7.3%19.6%37.3%25.7%1.9%-0.8%40.6M-298.3M-7.3M2.6752.317,17519,153192,918162,399