XOP Options History — December 2024

In December 2024, XOP traded between $126.13 and $144.32. ATM implied volatility averaged 25.4%, placing in the 34.8% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 0.4% (HV 20d: 25.0%). Max pain ranged from $136.00 to $142.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.81.

Notable Days

  • 2024-12-11: Highest Volume — 44,886 contracts
  • 2024-12-31: Largest IV drop — 9.0% change
  • 2024-12-19: Highest IV Rank — 56.5%
  • 2024-12-19: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$133.60$126.13$144.32$143.85$132.29
Max Pain$139.48$136.00$142.00$140.00$136.00
ATM IV25.4%22.1%29.5%22.8%25.1%
Expected Move7.4%6.7%8.5%6.8%7.2%
HV 20d25.0%22.7%31.1%28.1%25.8%
HV 60d26.9%25.5%28.5%25.5%26.1%
IV Rank34.8%17.6%56.5%21.3%33.4%
IV Percentile63.4%25.0%92.5%34.5%64.7%
Term Structure0.4%-2.2%4.9%-0.1%0.5%
VWIV26.4%24.0%30.9%25.2%25.5%
Skew 25d1.8%0.2%4.7%2.8%1.4%
Skew 10d3.7%-6.0%15.9%10.9%-6.0%
Call IV 25d25.1%22.2%29.2%22.2%25.7%
Put IV 25d26.9%23.7%32.9%25.1%27.1%
Bid-Ask Spread %33.117.6151.5833.8551.58
Gamma HHI0.050.040.060.060.04
Net GEX-19.6M-40.6M6.6M1.5M-3.4M
Net DEX519.6M-218.4M1.15B-165.9M341.6M
Net VEX-7.4M-7.7M-7.1M-7.7M-7.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.810.0911.243.350.46
Total Volume19,752.196,96644,88623,2878,731
Total OI457,436.143424,053516,050438,966436,907

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-12-02$143.85$140.0022.8%6.8%28.1%21.3%25.2%2.8%-0.1%1.5M-165.9M-7.7M3.3533.855,35117,936174,122264,844
2024-12-03$144.32$140.0022.1%6.7%27.3%17.6%25.0%1.7%-0.2%6.6M-218.4M-7.7M0.4941.966,9613,400176,752257,629
2024-12-04$139.00$140.0023.9%7.2%31.1%27.2%25.6%0.7%0.5%-18.1M240.8M-7.6M2.597.618,20421,225179,742259,279
2024-12-05$139.50$142.0023.0%6.8%22.7%22.8%24.0%0.8%-0.5%-22.9M192.9M-7.4M1.0120.363,9854,016182,529259,664
2024-12-06$135.59$142.0023.5%7.2%24.5%25.0%25.3%1.7%1.0%-30.9M547.5M-7.3M1.1311.3110,17111,520183,827260,874
2024-12-09$137.52$140.0023.8%7.0%25.0%26.5%24.8%0.8%0.6%-18.9M327.8M-7.4M1.9018.295,32610,124175,662257,002
2024-12-10$136.57$140.0024.1%7.2%24.1%28.3%25.7%1.1%1.2%-23.2M415.7M-7.5M0.7215.304,0552,911176,195261,839
2024-12-11$138.09$140.0024.2%7.1%24.4%28.7%25.2%0.3%0.7%-15.7M282.6M-7.4M6.6419.855,87639,010179,242260,977
2024-12-12$137.27$140.0025.1%7.2%24.4%33.3%26.2%0.2%0.1%-20.5M360.7M-7.7M0.3920.625,8212,258182,783295,597
2024-12-13$135.75$140.0025.1%7.2%24.5%33.3%26.9%0.6%0.1%-26.6M506.9M-7.6M11.2424.522,16924,369184,769296,404
2024-12-16$132.37$140.0025.6%7.3%25.7%36.1%26.6%0.8%0.5%-37.7M775.0M-7.4M1.1819.6410,22412,098181,211312,438
2024-12-17$131.40$140.0027.1%7.8%23.7%44.0%27.7%1.3%4.9%-38.6M821.2M-7.5M0.5044.5117,4658,793188,717311,172
2024-12-18$126.98$140.0029.4%8.4%25.9%56.0%30.4%2.2%-0.1%-37.2M1.09B-7.3M0.8249.958,7477,180203,088307,903
2024-12-19$126.13$140.0029.5%8.5%24.5%56.5%30.9%4.7%0.4%-40.6M1.15B-7.3M2.3848.935,58213,267206,642309,408
2024-12-20$126.50$140.0027.2%7.8%23.3%44.1%27.3%3.3%0.1%-38.8M1.06B-7.1M0.9251.396,2645,739207,190307,503
2024-12-23$126.80$140.0026.9%7.6%22.8%43.0%26.5%2.0%0.2%-26.4M849.7M-7.2M0.0943.4727,4092,488166,537257,516
2024-12-24$128.35$139.0025.2%7.0%23.7%34.2%24.8%3.7%0.5%-9.8M643.6M-7.3M0.2840.6117,6014,986173,329253,201
2024-12-26$128.19$137.0025.3%7.3%23.8%34.6%25.8%2.8%0.4%-6.1M628.2M-7.4M0.8344.174,7423,941184,146254,315
2024-12-27$128.27$137.0026.1%7.4%23.7%38.6%26.4%2.1%0.1%-3.9M627.8M-7.3M1.0544.389,66410,172187,451255,387
2024-12-30$130.90$136.0027.6%7.6%25.3%46.2%27.7%1.8%-2.2%-422.9K431.3M-7.4M0.0943.1031,9963,019173,408258,958
2024-12-31$132.29$136.0025.1%7.2%25.8%33.4%25.5%1.4%0.5%-3.4M341.6M-7.4M0.4651.585,9802,751177,144259,763