XOP Options History — June 2025

In June 2025, XOP traded between $120.59 and $134.60. ATM implied volatility averaged 29.4%, placing in the 20.3% IV rank vs the trailing year. The 30-day expected move averaged 8.5%. IV traded above realized volatility by 3.0% (HV 20d: 26.4%). Max pain ranged from $130.00 to $130.00. Net GEX was positive for 5 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 1.73.

Notable Days

  • 2025-06-17: Highest Volume — 53,498 contracts
  • 2025-06-24: Largest IV drop — 18.4% change
  • 2025-06-13: Highest IV Rank — 28.4%
  • 2025-06-13: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$127.51$120.59$134.60$120.86$125.93
Max Pain$130.00$130.00$130.00$130.00$130.00
ATM IV29.4%26.0%33.4%29.4%27.4%
Expected Move8.5%7.5%9.5%8.4%7.5%
HV 20d26.4%21.4%31.0%28.5%27.0%
HV 60d57.2%56.8%57.5%57.1%57.3%
IV Rank20.3%13.3%28.4%20.8%15.0%
IV Percentile69.2%44.4%85.7%72.6%57.1%
Term Structure-0.0%-5.4%3.5%0.2%0.4%
VWIV30.0%26.1%34.2%29.7%26.1%
Skew 25d1.8%-6.5%5.8%1.7%0.3%
Skew 10d9.7%-15.4%21.7%15.8%8.5%
Call IV 25d28.6%25.3%32.9%30.2%26.4%
Put IV 25d30.4%18.8%34.2%31.9%26.7%
Bid-Ask Spread %46.5532.4352.7534.8852.19
Gamma HHI0.090.060.220.100.07
Net GEX-6.2M-29.9M60.8M-28.3M-17.2M
Net DEX230.7M-377.6M681.7M670.3M386.0M
Net VEX-5.7M-5.9M-5.4M-5.5M-5.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.730.257.601.631.32
Total Volume20,018.66,16853,4988,2699,487
Total OI399,447.7310,659513,163397,428316,649

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-06-02$120.86$130.0029.4%8.4%28.5%20.8%29.7%1.7%0.2%-28.3M670.3M-5.5M1.6334.883,1405,129136,375261,053
2025-06-03$124.06$130.0027.8%8.0%29.0%17.6%30.6%-6.5%0.5%-23.6M481.2M-5.6M0.9732.434,4594,315138,151263,473
2025-06-04$120.86$130.0030.7%8.4%31.0%23.1%29.2%5.3%-5.4%-28.6M672.8M-5.6M1.7035.483,8686,581140,830265,599
2025-06-05$120.59$130.0030.0%8.6%30.8%21.9%31.0%4.7%0.1%-29.9M681.7M-5.6M7.6051.992,24317,044141,819266,873
2025-06-06$123.29$130.0027.8%8.1%28.9%17.5%28.2%0.9%0.6%-23.5M486.4M-5.5M1.1852.755,2686,191142,204264,564
2025-06-09$124.89$130.0027.3%7.9%29.0%16.7%27.0%4.3%0.0%-23.0M399.0M-5.4M1.3349.8510,39113,777139,420259,779
2025-06-10$126.28$130.0027.1%7.9%26.0%16.3%26.9%4.2%0.8%-16.9M320.5M-5.6M1.6650.1215,45725,723150,802265,236
2025-06-11$128.77$130.0029.5%8.6%23.2%21.0%30.5%3.1%0.5%-7.0M127.1M-5.7M1.3548.2815,65321,073156,139270,495
2025-06-12$129.09$130.0029.5%8.5%22.6%20.9%29.6%2.9%0.3%-1.2M82.1M-5.8M0.9945.806,0515,971167,510277,511
2025-06-13$132.25$130.0033.4%9.5%23.6%28.4%34.2%0.3%-0.2%13.2M-180.3M-5.9M0.4945.0016,5608,119170,403280,754
2025-06-16$132.78$130.0030.4%8.7%23.6%22.6%31.1%0.3%2.0%21.7M-206.4M-5.7M0.5246.0212,4076,465175,127281,550
2025-06-17$134.60$130.0033.1%9.4%22.9%27.8%33.7%1.3%-3.0%31.8M-377.6M-5.8M0.2543.6242,73310,765178,877285,539
2025-06-18$134.01$130.0032.1%9.2%23.0%25.3%33.8%2.1%0.2%31.7M-301.9M-5.9M4.6246.905,62425,984196,911293,018
2025-06-20$134.50$130.0032.1%9.3%21.4%25.2%31.8%1.2%-1.8%60.8M-263.3M-5.8M0.6544.3410,4436,775197,643315,520
2025-06-23$128.82$130.0032.1%9.1%27.4%25.2%32.5%2.2%-0.6%-17.2M288.3M-5.9M0.6446.416,9814,44395,546223,064
2025-06-24$127.98$130.0026.2%8.2%27.6%13.7%29.9%5.8%0.7%-20.2M345.1M-5.8M3.4651.737,19524,92799,537223,514
2025-06-25$126.45$130.0028.9%8.0%27.8%19.1%28.4%-0.3%0.7%-15.1M351.8M-5.5M2.3751.021,8294,339102,149208,510
2025-06-26$127.52$130.0026.0%7.8%27.0%13.3%28.4%-0.8%3.5%-14.3M305.5M-5.5M0.6149.6610,2616,279102,570208,983
2025-06-27$126.67$130.0027.5%7.8%27.2%15.2%27.5%2.7%0.5%-17.3M345.9M-5.7M1.3052.542,7873,635111,175214,082
2025-06-30$125.93$130.0027.4%7.5%27.0%15.0%26.1%0.3%0.4%-17.2M386.0M-5.5M1.3252.194,0835,404105,266211,383