XOP Options History — September 2024

In September 2024, XOP traded between $126.79 and $135.16. ATM implied volatility averaged 25.9%, placing in the 37.8% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 3.1% (HV 20d: 22.8%). Max pain ranged from $130.00 to $142.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 2.01.

Notable Days

  • 2024-09-26: Highest Volume — 55,996 contracts
  • 2024-09-19: Largest IV drop — 6.7% change
  • 2024-09-30: Highest IV Rank — 47.6%
  • 2024-09-30: Largest Expected Move — 8.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$131.01$126.79$135.16$134.30$131.26
Max Pain$133.85$130.00$142.00$140.00$130.00
ATM IV25.9%23.0%27.8%26.2%27.8%
Expected Move7.5%6.6%8.1%7.4%8.1%
HV 20d22.8%21.2%25.5%23.6%25.5%
HV 60d24.8%24.1%26.0%24.9%25.5%
IV Rank37.8%22.7%47.6%39.3%47.6%
IV Percentile68.0%36.1%86.5%75.4%86.5%
Term Structure0.2%-1.4%2.3%-1.4%2.1%
VWIV26.5%23.5%30.1%25.3%29.4%
Skew 25d2.8%-1.0%5.0%2.9%3.8%
Skew 10d6.3%-4.8%17.6%6.6%5.9%
Call IV 25d24.8%22.1%27.8%24.4%25.9%
Put IV 25d27.6%23.8%30.8%27.3%29.6%
Bid-Ask Spread %30.2913.0949.1742.7918.02
Gamma HHI0.070.040.140.060.05
Net GEX-17.9M-45.5M38.2M-27.8M-12.2M
Net DEX574.2M45.0M971.1M555.7M499.4M
Net VEX-7.0M-8.1M-6.4M-6.6M-8.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.010.3811.631.1311.63
Total Volume22,769.656,66755,99615,30336,892
Total OI424,695.05347,351492,115393,351411,203

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-09-03$134.30$140.0026.2%7.4%23.6%39.3%25.3%2.9%-1.4%-27.8M555.7M-6.6M1.1342.797,1978,106195,539197,812
2024-09-04$132.19$140.0027.1%7.8%24.1%43.9%28.1%3.1%-0.5%-30.9M683.1M-6.5M2.0840.874,6959,789199,166202,076
2024-09-05$131.22$142.0027.0%7.7%24.1%43.5%27.0%4.1%-0.3%-36.4M779.4M-6.6M1.6439.763,7646,164202,555209,174
2024-09-06$129.08$141.0027.0%7.8%22.4%43.3%28.0%3.0%0.4%-39.9M883.8M-6.4M2.1641.088,23317,766203,948208,898
2024-09-09$128.75$138.0026.4%7.5%22.4%40.0%26.2%2.9%0.0%-43.0M863.5M-6.6M0.7637.053,7812,886205,697213,691
2024-09-10$126.79$138.0027.7%8.1%22.2%47.0%30.1%5.0%0.3%-45.5M971.1M-6.4M2.6332.439,60125,284208,722213,696
2024-09-11$126.86$137.0026.5%7.5%22.2%40.9%27.7%4.3%-0.4%-45.3M968.3M-6.5M1.0435.956,1696,405214,466224,372
2024-09-12$127.10$135.0026.4%7.5%21.9%40.3%26.4%3.9%-0.4%-44.9M928.1M-6.5M1.9233.6910,26419,731218,031224,823
2024-09-13$128.55$132.0025.2%7.4%21.3%33.9%26.0%3.0%0.2%-39.8M791.6M-6.9M0.6934.0922,86815,762225,588229,801
2024-09-16$129.91$130.0026.1%7.5%22.0%38.5%26.5%1.7%-0.1%-22.0M656.3M-7.1M0.5326.876,4373,431238,977232,556
2024-09-17$132.05$130.0025.5%7.3%22.9%35.7%25.7%2.2%2.3%-6.0M413.6M-7.3M0.5222.9514,2777,378243,386231,622
2024-09-18$132.70$130.0025.4%7.3%21.9%35.3%25.8%3.1%-0.2%194.5K362.0M-7.3M0.6549.175,6873,706250,305235,288
2024-09-19$134.91$130.0023.7%6.8%22.8%26.4%24.0%2.6%0.1%17.1M116.7M-7.2M0.3821.2313,6525,198250,146236,161
2024-09-20$135.16$130.0023.0%6.6%22.8%22.7%23.5%2.5%-0.1%38.2M45.0M-7.1M0.4920.3410,2245,041255,030237,085
2024-09-23$134.84$130.0024.2%6.9%21.8%29.0%23.8%1.5%-0.1%17.2M132.7M-7.1M0.7315.8917,14112,460158,200189,151
2024-09-24$134.63$130.0024.4%7.0%21.2%30.1%24.1%3.3%0.7%19.0M130.7M-7.3M0.7536.1911,4858,622167,859200,090
2024-09-25$130.97$132.0025.6%7.3%22.5%36.0%26.3%3.2%0.3%-8.2M471.4M-7.1M4.6919.322,82213,222169,283203,534
2024-09-26$127.69$131.0027.2%7.9%23.9%44.2%27.8%-1.0%1.0%-23.9M725.7M-7.0M4.5724.9410,05245,944167,966206,905
2024-09-27$131.28$131.0026.1%7.9%25.5%38.5%27.6%1.1%-0.1%-23.1M505.6M-8.1M1.2513.0914,81118,446172,781238,318
2024-09-30$131.26$130.0027.8%8.1%25.5%47.6%29.4%3.8%2.1%-12.2M499.4M-8.1M11.6318.022,92033,972167,075244,128