XOP Options History — February 2025

In February 2025, XOP traded between $129.97 and $140.24. ATM implied volatility averaged 26.2%, placing in the 39.1% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 0.9% (HV 20d: 25.3%). Max pain ranged from $138.00 to $141.00. Net GEX was positive for 3 of 19 trading days. Term structure was in contango for 10 of 19 days. Put/call ratio averaged 1.44.

Notable Days

  • 2025-02-12: Highest Volume — 41,140 contracts
  • 2025-02-21: Largest IV spike — 12.2% change
  • 2025-02-27: Highest IV Rank — 57.2%
  • 2025-02-28: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$135.33$129.97$140.24$133.72$130.38
Max Pain$139.82$138.00$141.00$141.00$138.00
ATM IV26.2%24.0%29.6%26.2%29.5%
Expected Move7.5%6.9%8.6%7.7%8.6%
HV 20d25.3%18.0%29.0%18.0%29.0%
HV 60d24.1%22.0%25.2%24.7%24.7%
IV Rank39.1%27.7%57.2%39.4%56.5%
IV Percentile72.6%50.4%92.5%79.4%92.1%
Term Structure-0.0%-0.8%0.6%-0.5%-0.8%
VWIV26.8%24.2%31.5%27.2%30.0%
Skew 25d1.8%1.3%2.2%1.8%2.0%
Skew 10d3.6%1.4%4.8%3.5%4.4%
Call IV 25d25.4%23.3%28.9%25.7%28.9%
Put IV 25d27.2%25.4%30.9%27.6%30.9%
Bid-Ask Spread %46.9930.8354.8732.8153.81
Gamma HHI0.050.040.090.040.09
Net GEX-31.6M-59.2M2.6M-34.7M-47.0M
Net DEX510.8M-41.0M1.01B646.9M914.1M
Net VEX-8.5M-8.9M-8.2M-8.2M-8.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.440.414.821.680.72
Total Volume22,171.2639,99641,1409,99612,710
Total OI511,710.211447,175574,863447,175529,982

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-02-03$133.72$141.0026.2%7.7%18.0%39.4%27.2%1.8%-0.5%-34.7M646.9M-8.2M1.6832.813,7236,273163,550283,625
2025-02-04$137.14$140.5025.1%7.2%20.1%33.7%25.9%1.9%0.0%-26.4M376.9M-8.3M0.9930.8313,90813,836165,762284,896
2025-02-05$136.93$141.0024.6%6.9%20.0%30.8%24.4%2.0%0.2%-20.5M380.0M-8.4M1.8236.594,2417,737176,954288,637
2025-02-06$133.61$140.0024.5%7.1%21.5%30.4%24.9%2.2%0.3%-45.4M727.6M-8.2M1.4134.089,08412,850179,850293,356
2025-02-07$133.32$140.0024.5%7.1%21.4%30.3%25.7%1.8%-0.1%-37.2M744.0M-8.2M0.5644.8211,3596,377185,409295,770
2025-02-10$138.36$140.0024.0%7.0%24.8%27.8%24.7%2.2%0.2%-14.7M238.9M-8.4M0.7940.0019,62015,540176,021293,853
2025-02-11$139.41$140.0024.0%7.0%24.2%27.7%24.2%2.1%0.6%1.9M77.4M-8.6M0.7750.6911,1738,591193,707305,460
2025-02-12$134.49$140.0025.4%7.5%27.1%35.2%26.7%1.9%0.5%-36.5M619.3M-8.6M4.8249.847,06634,074196,948309,324
2025-02-13$135.54$140.0025.3%7.3%25.6%34.6%26.2%1.7%-0.2%-55.1M602.2M-8.9M3.2950.974,35714,346200,495334,192
2025-02-14$136.47$140.0024.8%7.2%25.8%31.8%25.4%1.4%0.3%-37.5M438.3M-8.9M1.0450.079,3879,770202,845337,763
2025-02-18$138.77$140.0025.1%7.2%26.8%33.7%25.0%1.4%0.4%-13.9M154.4M-8.6M2.1150.267,48315,790203,660332,545
2025-02-19$140.24$140.0025.7%7.4%26.6%36.6%25.6%1.3%0.3%1.5M-41.0M-8.7M0.4152.8821,6768,833208,197339,996
2025-02-20$139.69$140.0025.1%7.2%26.6%33.4%25.9%1.5%0.4%2.6M8.2M-8.9M0.8454.639,3577,878224,372344,090
2025-02-21$135.58$140.0028.1%8.1%28.5%49.3%27.8%2.1%-0.1%-59.2M618.9M-8.9M0.5054.8721,47210,771227,586347,277
2025-02-24$135.09$139.0027.2%7.8%28.3%44.5%27.2%1.7%-0.7%-24.6M479.1M-8.5M1.6050.895,7069,119201,845314,259
2025-02-25$131.91$139.0029.2%8.4%28.9%54.6%30.5%2.1%-0.4%-43.6M793.7M-8.5M0.7050.5110,8387,633205,497319,169
2025-02-26$130.64$139.0029.3%8.4%29.0%55.3%31.5%1.7%-0.4%-52.3M921.8M-8.5M2.2650.6610,33423,363206,889320,117
2025-02-27$129.97$139.0029.6%8.6%29.0%57.2%29.9%2.0%-0.7%-58.7M1.01B-8.2M1.0953.627,1847,795205,583323,013
2025-02-28$130.38$138.0029.5%8.6%29.0%56.5%30.0%2.0%-0.8%-47.0M914.1M-8.3M0.7253.817,3905,320210,127319,855