XOP Options History — August 2025

In August 2025, XOP traded between $122.08 and $132.72. ATM implied volatility averaged 26.2%, placing in the 10.6% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 3.3% (HV 20d: 22.9%). Max pain ranged from $129.50 to $132.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 2.96.

Notable Days

  • 2025-08-13: Highest Volume — 25,479 contracts
  • 2025-08-04: Largest IV drop — 12.2% change
  • 2025-08-01: Highest IV Rank — 23.4%
  • 2025-08-01: Largest Expected Move — 9.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$125.80$122.08$132.72$123.38$132.71
Max Pain$130.07$129.50$132.00$132.00$130.00
ATM IV26.2%22.9%32.3%32.3%24.7%
Expected Move7.5%6.5%9.3%9.3%6.8%
HV 20d22.9%17.5%28.1%28.1%17.5%
HV 60d24.7%23.5%27.6%27.6%23.5%
IV Rank10.6%2.9%23.4%23.4%6.6%
IV Percentile36.0%5.6%82.5%82.5%21.4%
Term Structure-0.2%-5.9%1.3%-5.9%0.2%
VWIV26.8%23.6%32.7%32.7%23.7%
Skew 25d3.1%-1.8%12.5%2.6%2.7%
Skew 10d7.7%-9.7%20.5%2.6%0.5%
Call IV 25d24.5%14.5%30.6%30.6%23.0%
Put IV 25d27.6%24.8%33.1%33.1%25.7%
Bid-Ask Spread %43.1323.5252.2242.1351.60
Gamma HHI0.110.070.330.070.08
Net GEX-26.3M-94.2M5.2M-24.1M5.2M
Net DEX402.4M39.6M605.1M515.2M42.0M
Net VEX-5.7M-6.1M-5.3M-5.4M-6.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.960.4413.292.111.30
Total Volume11,484.814,54725,4798,1797,815
Total OI341,096.333305,234378,308311,039378,308

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-08-01$123.38$132.0032.3%9.3%28.1%23.4%32.7%2.6%-5.9%-24.1M515.2M-5.4M2.1142.132,6275,55297,226213,813
2025-08-04$124.04$130.0028.4%8.1%27.7%15.4%27.9%2.5%-0.2%-23.0M476.7M-5.3M0.6329.495,7963,67091,781213,453
2025-08-05$125.08$130.0027.8%8.0%24.5%14.3%28.5%-1.8%0.0%-20.5M413.3M-5.4M0.4442.174,7532,10596,067215,098
2025-08-06$123.40$130.0029.2%8.4%24.8%17.0%29.8%3.6%-0.4%-23.5M478.1M-5.4M13.2947.301,19615,89299,568216,192
2025-08-07$123.16$130.0030.3%8.3%24.3%19.2%29.2%2.5%-3.3%-42.7M531.0M-5.5M2.9431.371,8905,56199,789225,241
2025-08-08$122.88$130.0027.2%7.9%23.7%12.9%28.0%-0.6%0.5%-94.2M569.1M-5.3M4.4735.413,12413,966100,027229,517
2025-08-11$122.08$130.0027.7%7.9%23.3%14.1%27.5%3.0%0.2%-40.6M605.1M-5.4M2.8026.872,6007,28699,626229,703
2025-08-12$123.45$130.0026.0%7.5%23.2%10.7%28.6%2.7%0.4%-39.7M523.7M-5.5M5.5825.282,61114,578101,110233,193
2025-08-13$124.67$130.0024.9%7.2%23.1%8.5%26.5%3.1%0.5%-37.4M472.5M-5.6M10.0423.522,30723,172102,390244,505
2025-08-14$124.91$130.0024.9%7.2%22.2%8.4%25.7%3.0%0.1%-35.4M492.4M-5.9M2.9752.222,7888,269103,026257,882
2025-08-15$124.63$130.0025.4%7.4%22.2%9.4%26.7%2.7%0.5%-27.7M480.9M-6.0M0.9451.666,7906,414103,920257,209
2025-08-18$123.33$130.0025.6%7.4%20.5%9.9%26.4%3.6%0.9%-29.8M523.8M-5.9M2.8551.481,9105,43599,617239,968
2025-08-19$122.85$130.0025.3%7.3%19.7%9.3%26.6%3.1%1.3%-34.3M552.8M-5.9M0.9250.073,8593,540100,474243,448
2025-08-20$124.60$130.0024.3%7.0%20.4%7.2%24.6%3.3%1.2%-26.0M473.9M-5.9M0.4450.093,1671,380102,133244,953
2025-08-21$124.39$130.0024.8%7.1%20.4%8.2%29.8%3.3%0.6%-25.1M466.8M-5.8M3.1149.463,38810,545104,228245,143
2025-08-22$128.61$129.5022.9%6.5%23.8%2.9%23.6%3.0%0.6%-9.5M237.6M-5.9M1.0346.466,0896,288104,822254,257
2025-08-25$129.87$130.0023.7%6.6%23.1%4.5%23.7%3.6%-0.2%-10.0M206.8M-5.8M0.5847.803,3271,94697,253248,882
2025-08-26$129.17$130.0024.4%6.8%23.0%6.0%23.9%3.4%-0.4%-12.4M249.7M-5.8M1.5251.543,4875,28498,734250,011
2025-08-27$131.81$130.0024.6%6.8%22.9%6.4%24.3%3.5%-0.5%-3.7M99.6M-5.9M0.9150.837,9547,250100,414254,759
2025-08-28$132.72$130.0025.3%7.1%22.8%7.8%24.8%12.5%-0.2%1.5M39.6M-6.1M3.3249.083,60311,967105,186260,097
2025-08-29$132.71$130.0024.7%6.8%17.5%6.6%23.7%2.7%0.2%5.2M42.0M-6.1M1.3051.603,4004,415107,567270,741