XOP Options History — April 2025

In April 2025, XOP traded between $100.56 and $133.81. ATM implied volatility averaged 45.8%, placing in the 59.8% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded below realized volatility by 31.3% (HV 20d: 77.1%). Max pain ranged from $115.00 to $130.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 2.02.

Notable Days

  • 2025-04-07: Highest Volume — 106,558 contracts
  • 2025-04-03: Largest IV spike — 47.5% change
  • 2025-04-03: Highest IV Rank — 100.0%
  • 2025-04-08: Largest Expected Move — 19.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$112.18$100.56$133.81$132.11$110.22
Max Pain$119.95$115.00$130.00$130.00$115.00
ATM IV45.8%26.9%70.5%28.0%41.7%
Expected Move13.1%7.6%19.8%8.0%12.5%
HV 20d77.1%25.1%91.2%26.2%91.2%
HV 60d50.4%26.8%57.8%26.8%57.8%
IV Rank59.8%35.4%100.0%48.5%44.4%
IV Percentile95.1%72.6%100.0%79.8%94.8%
Term Structure-0.7%-2.9%4.7%0.3%-2.0%
VWIV46.0%28.0%64.4%28.9%42.6%
Skew 25d8.7%2.8%19.9%3.5%5.1%
Skew 10d19.8%4.6%46.6%6.8%18.5%
Call IV 25d41.8%25.5%61.8%26.4%40.0%
Put IV 25d50.6%28.7%79.1%29.9%45.1%
Bid-Ask Spread %48.1519.9365.4224.5265.42
Gamma HHI0.070.040.090.050.07
Net GEX-21.8M-29.1M-2.7M-8.7M-28.2M
Net DEX1.05B179.4M1.52B286.9M1.08B
Net VEX-6.9M-7.6M-6.3M-7.5M-6.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.020.347.121.270.34
Total Volume23,911.6194,011106,5587,20524,301
Total OI438,889.048403,230486,017426,879433,744

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-04-01$132.11$130.0028.0%8.0%26.2%48.5%28.9%3.5%0.3%-8.7M286.9M-7.5M1.2724.523,1794,026141,712285,167
2025-04-02$133.81$130.0026.9%7.6%25.1%42.6%28.0%3.3%-0.3%-2.7M179.4M-7.6M1.9425.171,3632,648142,515287,672
2025-04-03$119.75$130.0039.6%11.2%47.9%100.0%38.2%2.8%-0.6%-29.1M973.6M-7.6M1.2919.9325,15132,426143,018288,603
2025-04-04$107.32$127.0056.4%15.2%60.8%100.0%51.1%9.4%4.7%-27.5M1.45B-7.3M2.9832.0315,11045,009162,344306,856
2025-04-07$105.57$125.0063.7%17.7%60.9%100.0%59.4%12.0%-2.6%-24.4M1.39B-7.4M7.1234.1213,11693,442152,946310,931
2025-04-08$100.56$120.0070.5%19.8%62.3%100.0%64.4%14.6%-0.8%-22.8M1.52B-7.3M1.8446.065,74110,557161,890324,127
2025-04-09$114.69$120.0046.8%12.8%79.9%54.3%47.4%9.1%0.5%-23.2M1.02B-7.3M2.2352.307,28116,228162,923267,668
2025-04-10$102.66$120.0065.0%18.4%88.2%89.3%62.2%19.9%-1.7%-20.6M1.40B-6.4M1.2955.3119,11124,719165,766273,055
2025-04-11$107.69$120.0056.3%16.2%89.2%72.6%61.0%14.7%0.9%-22.1M1.30B-7.0M0.9844.243,5593,477168,320289,164
2025-04-14$108.04$120.0047.3%13.6%88.4%55.3%48.7%10.5%-0.1%-25.7M1.34B-6.7M1.5053.652,9134,361163,404287,369
2025-04-15$106.91$120.0042.6%12.2%88.3%46.2%42.3%7.2%-1.4%-27.1M1.42B-6.3M1.8056.057,26413,108165,106288,421
2025-04-16$108.58$116.0045.8%13.1%87.7%52.2%45.6%8.6%-1.8%-25.2M1.21B-6.6M2.2159.302,4375,397170,388280,997
2025-04-17$112.29$116.0044.9%13.0%89.1%50.5%47.0%7.1%-2.9%-16.8M1.02B-6.8M2.2851.355,11911,659171,287279,292
2025-04-21$108.24$116.0047.9%14.3%89.6%56.3%50.6%9.7%-1.7%-22.4M1.06B-6.5M2.7657.002,3216,398149,519253,711
2025-04-22$111.64$116.0043.4%12.5%90.5%47.7%43.6%7.9%-1.2%-22.3M956.1M-6.6M0.4257.4418,0167,550150,435257,737
2025-04-23$111.23$116.0042.1%12.0%90.4%45.3%44.3%8.3%-1.4%-20.5M951.4M-6.6M2.9656.255,29615,656159,929260,330
2025-04-24$112.81$116.0039.2%11.6%90.7%39.5%41.4%7.0%-0.9%-19.9M885.7M-6.7M2.8358.392,9828,436160,403267,482
2025-04-25$113.08$116.0037.0%11.0%90.8%35.4%37.4%6.3%-0.6%-22.7M891.6M-6.6M1.2356.033,6564,510162,666271,270
2025-04-28$114.65$115.0038.8%11.3%91.1%38.9%41.1%6.9%-0.4%-21.4M828.7M-6.7M1.5448.655,3958,309158,191264,294
2025-04-29$113.99$115.0037.3%11.4%90.8%35.9%41.5%9.5%-0.8%-24.4M877.8M-6.6M1.5257.914,3316,586156,732269,286
2025-04-30$110.22$115.0041.7%12.5%91.2%44.4%42.6%5.1%-2.0%-28.2M1.08B-6.4M0.3465.4218,1316,170159,759273,985