XOP Options History — August 2024

In August 2024, XOP traded between $130.74 and $141.70. ATM implied volatility averaged 25.0%, placing in the 34.4% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded below realized volatility by 5.5% (HV 20d: 30.6%). Max pain ranged from $140.00 to $145.00. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 1.04.

Notable Days

  • 2024-08-02: Highest Volume — 46,559 contracts
  • 2024-08-05: Largest IV spike — 28.5% change
  • 2024-08-05: Highest IV Rank — 100.0%
  • 2024-08-05: Largest Expected Move — 10.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$137.36$130.74$141.70$141.70$139.16
Max Pain$142.55$140.00$145.00$145.00$140.00
ATM IV25.0%20.7%37.9%25.6%22.5%
Expected Move7.2%6.0%10.3%7.7%6.2%
HV 20d30.6%22.1%32.5%24.0%22.1%
HV 60d24.3%21.0%25.0%21.0%24.0%
IV Rank34.4%10.6%100.0%46.7%19.9%
IV Percentile50.4%14.7%100.0%62.3%32.1%
Term Structure0.1%-2.1%3.0%-0.5%-0.2%
VWIV25.5%21.6%35.8%27.6%21.9%
Skew 25d3.3%0.4%6.1%0.4%3.8%
Skew 10d6.1%-5.4%12.7%-5.4%6.0%
Call IV 25d23.6%19.9%33.4%25.9%21.1%
Put IV 25d26.9%22.0%36.8%26.3%24.9%
Bid-Ask Spread %41.0131.1448.6748.6747.69
Gamma HHI0.060.040.200.070.11
Net GEX-9.6M-29.4M22.5M-5.2M-29.4M
Net DEX354.4M103.8M785.6M178.0M226.0M
Net VEX-6.6M-7.1M-6.1M-7.1M-6.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.322.361.791.75
Total Volume14,841.6824,88746,55915,71515,271
Total OI391,694.955358,253411,471375,081397,818

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-08-01$141.70$145.0025.6%7.7%24.0%46.7%27.6%0.4%-0.5%-5.2M178.0M-7.1M1.7948.675,62410,091196,343178,738
2024-08-02$134.41$145.0029.5%9.2%28.9%72.8%32.4%4.5%0.2%-20.7M656.4M-6.7M0.8744.7824,84221,717198,213183,337
2024-08-05$130.74$145.0037.9%10.3%30.1%100.0%35.8%3.4%-0.9%-17.3M773.5M-7.0M2.3639.058,07719,080192,379191,208
2024-08-06$132.20$145.0029.1%8.5%30.6%54.1%30.8%6.1%0.9%-22.6M785.6M-6.6M0.3231.1418,6956,069195,610196,155
2024-08-07$133.05$145.0029.1%8.5%30.8%54.5%29.4%5.4%3.0%-21.2M717.9M-6.7M0.7440.158,6936,432208,291195,470
2024-08-08$136.63$145.0028.1%8.1%31.4%49.2%27.8%4.9%-2.1%-16.9M445.9M-7.1M0.5941.264,9852,955211,219193,713
2024-08-09$136.61$144.0025.7%7.4%31.4%36.5%26.4%5.2%0.5%-9.3M469.9M-7.0M0.4639.216,7983,119213,361194,891
2024-08-12$138.06$144.0026.9%7.6%30.9%42.7%26.9%2.7%-0.8%-6.0M300.5M-6.9M0.3844.1014,6635,534210,534186,842
2024-08-13$136.76$144.0025.4%7.3%31.0%35.2%26.2%2.5%-0.1%-6.5M404.6M-6.8M1.0338.185,1225,285218,378190,038
2024-08-14$137.66$144.0023.9%6.9%31.1%27.2%24.5%3.0%-0.1%-6.4M360.8M-6.7M1.5039.293,2334,849218,122189,801
2024-08-15$140.01$143.0022.0%6.4%31.9%17.5%23.3%3.0%0.2%1.9M156.5M-6.5M1.2235.864,9466,020219,707191,764
2024-08-16$139.44$143.0021.3%6.1%31.8%13.8%21.9%3.0%-0.0%4.4M220.9M-6.3M0.6043.306,3783,859219,520190,241
2024-08-19$140.12$142.0020.7%6.0%31.9%10.6%22.7%2.1%1.2%-554.5K120.9M-6.1M1.0142.824,6444,686186,917171,336
2024-08-20$137.05$142.0022.1%6.3%32.3%18.0%22.4%2.7%0.9%-10.9M301.5M-6.1M0.9032.5512,34011,138190,359173,026
2024-08-21$136.84$140.0023.2%6.7%32.3%23.8%23.5%2.8%0.5%-7.9M314.9M-6.3M0.8839.565,0134,414197,975181,435
2024-08-22$136.41$140.0023.3%6.7%31.6%24.1%23.5%2.9%0.5%-12.8M364.8M-6.3M1.4640.065,3037,752198,374182,867
2024-08-23$138.86$140.0021.9%6.2%32.4%16.8%21.6%2.9%0.8%22.5M178.6M-6.4M0.5840.199,5475,541202,935189,201
2024-08-26$140.49$140.0022.8%6.5%32.5%21.5%22.9%2.8%0.1%-4.2M103.8M-6.7M1.1543.714,8775,592194,897187,585
2024-08-27$138.19$140.0023.8%6.7%32.3%26.7%23.1%3.1%-0.4%-15.2M268.2M-6.6M1.2942.505,1026,558197,362190,465
2024-08-28$137.69$140.0023.3%6.6%31.7%24.0%24.0%2.6%-0.9%-19.1M311.0M-6.8M1.4145.562,8153,971199,972194,836
2024-08-29$139.94$140.0022.8%6.2%29.3%21.3%22.6%3.5%-0.3%-7.9M135.9M-6.8M0.6142.513,0411,846201,182194,872
2024-08-30$139.16$140.0022.5%6.2%22.1%19.9%21.9%3.8%-0.2%-29.4M226.0M-6.8M1.7547.695,5519,720202,673195,145