XOP Options History — November 2024

In November 2024, XOP traded between $129.16 and $148.51. ATM implied volatility averaged 24.9%, placing in the 32.4% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 3.4% (HV 20d: 28.3%). Max pain ranged from $135.00 to $139.50. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 1.14.

Notable Days

  • 2024-11-25: Highest Volume — 77,574 contracts
  • 2024-11-06: Largest IV drop — 23.9% change
  • 2024-11-04: Highest IV Rank — 61.0%
  • 2024-11-01: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$141.49$129.16$148.51$129.16$145.68
Max Pain$135.57$135.00$139.50$135.00$139.50
ATM IV24.9%22.4%30.4%29.8%23.0%
Expected Move7.3%6.8%8.9%8.9%6.8%
HV 20d28.3%22.2%31.2%22.4%28.5%
HV 60d26.1%23.4%26.9%23.4%25.6%
IV Rank32.4%19.5%61.0%57.9%22.3%
IV Percentile52.7%31.7%95.6%94.0%36.1%
Term Structure0.1%-4.9%5.2%0.2%-4.9%
VWIV26.1%24.0%31.9%31.9%24.0%
Skew 25d1.4%-1.7%5.1%5.1%-0.9%
Skew 10d3.0%-11.5%18.7%-11.5%2.5%
Call IV 25d25.1%21.7%29.7%28.2%26.9%
Put IV 25d26.4%23.1%33.3%33.3%26.0%
Bid-Ask Spread %37.6929.0146.1734.5745.14
Gamma HHI0.080.050.090.070.06
Net GEX21.7M-21.8M41.3M-21.8M13.3M
Net DEX-336.4M-955.1M625.8M625.8M-359.0M
Net VEX-8.0M-8.6M-7.4M-8.6M-7.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.140.173.191.440.89
Total Volume18,304.454,56177,57411,3935,707
Total OI455,038.75397,377495,529495,529442,939

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-11-01$129.16$135.0029.8%8.9%22.4%57.9%31.9%5.1%0.2%-21.8M625.8M-8.6M1.4434.574,6736,720225,050270,479
2024-11-04$132.19$135.0030.4%8.7%24.2%61.0%30.5%1.9%-0.5%-6.6M328.9M-8.6M0.9541.233,5293,362203,631263,435
2024-11-05$132.56$135.0029.5%8.3%22.2%56.2%29.7%0.2%-0.4%-5.4M311.1M-8.5M0.9239.325,2924,875205,206265,440
2024-11-06$140.69$135.0022.4%7.5%31.1%19.5%26.7%1.8%1.7%32.7M-466.1M-8.4M0.7534.7816,86612,603205,240267,451
2024-11-07$138.93$135.0025.0%7.2%31.2%33.0%25.9%3.1%0.1%31.9M-279.5M-8.5M0.4846.179,1114,394215,401273,674
2024-11-08$139.61$135.0024.1%7.1%31.0%28.3%24.9%0.8%-0.5%40.8M-367.6M-8.3M0.8738.828,1277,088217,007274,435
2024-11-11$142.10$135.0026.2%7.5%30.8%39.2%27.5%-1.7%0.2%41.3M-592.7M-8.3M0.8441.1323,09019,461212,918272,610
2024-11-12$140.94$135.0024.0%7.0%28.0%27.7%25.3%1.4%0.9%28.0M-338.9M-8.0M1.3141.386,1338,065200,822268,495
2024-11-13$141.56$135.0024.3%6.9%27.9%29.4%26.5%1.8%0.6%32.2M-410.0M-7.9M3.1940.303,38310,798204,369270,304
2024-11-14$141.98$135.0023.4%6.8%27.8%24.5%24.2%1.3%0.5%37.7M-462.5M-7.7M1.2042.283,3734,062204,080271,760
2024-11-15$140.50$135.0022.8%7.1%28.1%21.4%24.7%1.9%5.2%9.0M-287.9M-7.7M0.7137.237,4975,309204,767273,165
2024-11-18$143.94$135.0023.7%6.8%29.0%26.4%25.1%1.0%0.3%24.7M-480.2M-7.4M0.5635.3310,7385,996160,585236,792
2024-11-19$142.57$135.0024.5%7.0%29.4%30.4%25.3%2.7%0.4%24.5M-355.3M-7.7M3.0032.535,61716,877168,574239,562
2024-11-20$144.99$135.0024.4%7.0%29.3%29.8%24.8%2.1%-1.0%30.9M-565.0M-7.7M1.1033.828,0188,847170,463253,539
2024-11-21$147.28$135.0023.8%6.8%29.5%26.9%24.1%1.7%0.7%38.2M-830.3M-7.4M1.1829.0110,11111,924173,584254,246
2024-11-22$148.51$135.0023.9%6.9%29.5%27.3%24.8%1.6%-1.0%38.0M-955.1M-7.5M2.0131.394,0128,070178,802255,374
2024-11-25$146.19$135.0024.3%7.0%29.4%29.3%25.9%2.5%-0.1%26.1M-645.1M-7.7M0.1732.8666,18011,394170,871251,989
2024-11-26$144.99$138.0024.3%7.1%28.8%29.1%25.7%0.4%-0.4%7.3M-285.3M-8.0M0.7837.325,7454,481171,787261,137
2024-11-27$145.37$139.0024.2%6.9%28.7%28.9%24.6%-1.5%-0.8%10.9M-312.7M-8.1M0.4939.163,0711,490176,702264,090
2024-11-29$145.68$139.5023.0%6.8%28.5%22.3%24.0%-0.9%-4.9%13.3M-359.0M-7.8M0.8945.143,0132,694178,134264,805