OXY Options History — January 2008

In January 2008, OXY traded between $61.97 and $77.26. ATM implied volatility averaged 42.0%, placing in the 65.7% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 2.6% (HV 20d: 39.4%). Max pain ranged from $55.18 to $67.18. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.60.

Notable Days

  • 2008-01-02: Highest Volume — 23,072 contracts
  • 2008-01-07: Largest IV spike — 14.6% change
  • 2008-01-23: Highest IV Rank — 100.0%
  • 2008-01-23: Largest Expected Move — 15.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$68.21$61.97$77.26$75.19$65.07
Max Pain$65.12$55.18$67.18$55.18$62.38
ATM IV42.0%31.5%55.0%32.5%39.6%
Expected Move12.2%9.0%15.8%9.3%11.3%
HV 20d39.4%34.0%45.0%34.2%44.2%
HV 60d41.5%39.7%42.9%39.7%41.5%
IV Rank65.7%37.7%100.0%40.5%59.0%
IV Percentile89.1%58.7%100.0%64.9%88.1%
Term Structure-2.6%-7.5%3.4%3.0%-1.4%
VWIV43.0%31.7%55.2%34.9%40.1%
Skew 25d5.0%2.5%7.1%4.2%6.5%
Skew 10d9.5%5.2%13.6%9.6%12.5%
Call IV 25d40.7%30.6%51.7%31.8%38.4%
Put IV 25d45.7%33.1%58.3%36.0%45.0%
Bid-Ask Spread %12.398.2718.358.2716.18
Gamma HHI0.210.130.340.260.14
Net GEX10.6M1.9M19.6M16.1M3.9M
Net DEX-612.8M-1.18B-159.9M-1.08B-271.3M
Net VEX-3.4M-3.6M-3.2M-3.3M-3.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.600.181.260.180.34
Total Volume11,608.5712,93823,07223,07211,509
Total OI347,142221,533418,361396,536268,350

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-01-02$75.19$55.1832.5%9.3%34.2%40.5%34.9%4.2%3.0%16.1M-1.08B-3.3M0.188.27N/AN/A19,5643,508206,716189,820
2008-01-03$77.26$55.1831.5%9.0%34.0%37.7%31.7%2.5%3.4%15.6M-1.18B-3.2M0.3413.19N/AN/A4,4901,513208,339191,327
2008-01-04$74.63$67.1831.9%10.3%37.1%38.7%36.1%4.3%-0.7%16.2M-1.05B-3.3M0.308.79N/AN/A16,8235,132208,993191,823
2008-01-07$73.32$67.1836.5%11.0%36.5%51.1%37.8%4.8%-1.8%17.1M-979.3M-3.4M0.3715.66N/AN/A6,6482,449213,725192,463
2008-01-08$71.50$67.1836.8%11.2%37.8%51.8%38.9%4.4%-1.8%16.7M-883.4M-3.5M0.2112.52N/AN/A4,764988215,301193,056
2008-01-09$72.85$67.1836.2%11.1%38.2%50.3%37.8%4.7%-1.2%18.3M-968.7M-3.5M0.3212.09N/AN/A3,2571,056217,690192,950
2008-01-10$70.06$67.1839.8%11.4%39.4%60.0%40.9%4.3%-2.5%16.4M-794.7M-3.5M0.5511.49N/AN/A9,4755,216218,280193,252
2008-01-11$69.79$67.1839.6%11.4%37.4%59.4%40.1%3.7%-2.0%16.4M-791.1M-3.6M1.1811.11N/AN/A1,3501,588220,711194,838
2008-01-14$72.31$67.1839.5%11.3%39.3%59.2%38.9%4.1%-2.1%19.6M-937.0M-3.4M0.249.04N/AN/A5,5061,346219,707195,582
2008-01-15$69.08$67.1842.0%12.1%41.3%65.9%41.4%3.6%-3.1%14.9M-739.9M-3.4M0.2913.01N/AN/A5,2531,499220,877196,015
2008-01-16$67.25$67.1843.6%12.5%41.0%70.0%43.8%4.0%-3.6%12.4M-640.1M-3.5M0.9313.07N/AN/A5,0204,650221,740196,212
2008-01-17$65.40$67.1846.3%13.3%41.4%77.2%47.1%3.4%-5.1%9.9M-542.6M-3.4M1.0713.93N/AN/A2,2642,426221,502196,334
2008-01-18$65.30$67.1846.3%13.3%40.5%77.3%46.9%5.1%-4.2%9.4M-544.7M-3.4M1.0612.50N/AN/A7,1667,595221,780196,581
2008-01-22$62.53$67.1853.0%15.2%42.6%95.1%52.3%5.6%-4.7%1.9M-168.0M-3.3M0.529.74N/AN/A10,7185,600133,34388,190
2008-01-23$61.97$67.1855.0%15.8%38.6%100.0%55.2%6.7%-7.5%2.1M-161.3M-3.4M0.9412.90N/AN/A4,8984,588137,29190,196
2008-01-24$63.00$67.1851.0%14.6%38.9%89.4%51.2%6.9%-6.3%2.4M-187.5M-3.3M0.2810.12N/AN/A9,8952,760138,63691,635
2008-01-25$62.20$67.1851.5%14.8%37.9%90.8%51.6%7.1%-5.6%2.7M-176.1M-3.4M0.5710.79N/AN/A10,2435,807146,37792,943
2008-01-28$61.97$62.3848.9%14.0%37.8%83.7%50.3%6.9%-5.3%2.5M-159.9M-3.4M1.2614.82N/AN/A8,53410,729152,28096,659
2008-01-29$65.73$62.3841.8%12.0%44.9%64.9%46.6%6.1%-1.4%4.5M-306.2M-3.5M1.0112.57N/AN/A6,8036,845156,406100,774
2008-01-30$66.08$62.3839.5%11.3%45.0%58.7%39.6%5.4%-0.6%4.3M-303.1M-3.5M0.6918.35N/AN/A8,4785,827158,070103,218
2008-01-31$65.07$62.3839.6%11.3%44.2%59.0%40.1%6.5%-1.4%3.9M-271.3M-3.6M0.3416.18N/AN/A8,6042,905162,899105,451