XOP Options History — January 2025

In January 2025, XOP traded between $134.21 and $146.18. ATM implied volatility averaged 24.5%, placing in the 30.1% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 4.0% (HV 20d: 20.5%). Max pain ranged from $133.00 to $141.00. Net GEX was positive for 10 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 1.44.

Notable Days

  • 2025-01-16: Highest Volume — 98,006 contracts
  • 2025-01-31: Largest IV spike — 7.1% change
  • 2025-01-13: Highest IV Rank — 43.0%
  • 2025-01-31: Largest Expected Move — 7.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$139.71$134.21$146.18$135.02$134.21
Max Pain$136.95$133.00$141.00$136.00$141.00
ATM IV24.5%21.5%26.9%25.9%25.9%
Expected Move6.9%6.1%7.6%7.4%7.6%
HV 20d20.5%15.7%27.1%27.1%19.4%
HV 60d25.3%24.7%26.5%26.5%25.1%
IV Rank30.1%14.6%43.0%37.7%37.7%
IV Percentile55.7%20.2%81.7%72.6%75.0%
Term Structure-0.1%-1.5%0.6%0.6%-0.5%
VWIV24.7%21.8%26.6%26.6%26.4%
Skew 25d2.0%0.9%6.8%1.6%1.8%
Skew 10d2.5%-6.3%5.0%-0.4%4.4%
Call IV 25d23.8%20.4%26.2%25.3%25.2%
Put IV 25d25.8%22.4%31.8%26.8%27.0%
Bid-Ask Spread %29.7421.6351.3051.3027.85
Gamma HHI0.050.040.080.040.04
Net GEX570.6K-38.0M51.8M2.7M-36.4M
Net DEX-37.0M-883.4M679.7M112.7M679.7M
Net VEX-7.7M-8.5M-6.7M-7.4M-8.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.440.273.680.320.47
Total Volume26,218.77,94498,00621,24928,325
Total OI457,710.1409,187525,412438,665465,294

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-01-02$135.02$136.0025.9%7.4%27.1%37.7%26.6%1.6%0.6%2.7M112.7M-7.4M0.3251.3016,0855,164177,743260,922
2025-01-03$135.59$136.0024.6%7.0%24.0%31.2%25.2%2.3%0.2%2.7M70.0M-7.5M0.7845.804,4663,478178,984261,769
2025-01-06$134.87$133.0025.9%7.3%24.0%37.9%25.8%3.4%0.3%-1.7M191.5M-7.2M3.6029.326,61123,785172,391259,877
2025-01-07$136.37$133.0026.5%7.4%22.2%40.5%26.5%6.8%0.1%4.8M80.1M-7.4M0.7022.537,2225,056173,361281,518
2025-01-08$137.23$133.0026.0%7.5%21.7%38.2%26.6%1.8%0.1%13.2M1.3M-7.4M3.6824.405,26619,386177,474284,416
2025-01-10$139.36$133.0026.3%7.4%22.2%39.8%26.1%1.9%0.1%32.7M-169.5M-7.4M0.2727.0119,6155,240179,983296,160
2025-01-13$141.57$133.0026.9%7.5%22.5%43.0%26.6%1.8%-0.6%23.6M-328.5M-7.3M0.7021.638,4825,896176,499296,115
2025-01-14$142.39$133.0026.2%7.4%22.4%39.1%26.3%1.9%-0.7%28.0M-414.3M-7.0M1.5021.845,0987,653178,740298,150
2025-01-15$145.75$133.0024.4%6.8%23.1%30.0%24.2%0.9%-0.8%50.5M-758.4M-6.9M0.6128.437,1004,330180,373301,845
2025-01-16$146.18$134.0023.9%6.6%20.5%27.2%22.6%1.6%-1.5%51.8M-820.0M-6.7M0.4031.8270,15227,854181,907303,696
2025-01-17$145.69$134.0022.6%6.4%20.2%20.5%22.7%2.3%-0.4%43.2M-883.4M-7.7M2.0630.5612,09624,937210,989314,423
2025-01-21$143.38$141.0021.5%6.1%16.1%14.6%21.8%2.0%0.1%-7.7M-155.2M-7.6M2.5026.6914,98837,512151,727257,460
2025-01-22$143.06$141.0021.8%6.3%15.7%16.5%22.1%1.8%0.1%-9.8M-63.6M-8.2M1.3828.203,8235,271163,687272,206
2025-01-23$142.29$141.0022.4%6.4%16.2%19.5%22.6%1.0%-0.1%-21.9M9.4M-8.2M0.5024.9815,1617,559164,440274,693
2025-01-24$140.59$141.0022.8%6.5%17.4%21.5%22.9%1.0%0.4%-27.1M172.2M-8.3M2.6727.7312,84334,296168,548277,913
2025-01-27$138.32$141.0024.2%7.0%18.8%28.9%24.6%1.5%0.2%-33.5M345.1M-8.4M2.9329.675,85117,130164,119282,291
2025-01-28$137.65$141.0023.3%6.7%18.9%24.0%24.0%1.6%0.2%-33.7M390.7M-8.4M0.8627.8611,3869,757166,381280,844
2025-01-29$137.86$140.0023.6%6.8%18.9%25.9%24.9%1.0%-0.4%-31.7M341.9M-8.5M1.9234.014,9419,480173,952283,624
2025-01-30$136.75$141.0024.2%6.9%18.3%28.8%24.8%1.4%0.4%-38.0M457.8M-8.4M0.9133.245,7995,280173,907285,781
2025-01-31$134.21$141.0025.9%7.6%19.4%37.7%26.4%1.8%-0.5%-36.4M679.7M-8.4M0.4727.8519,2429,083177,374287,920