OXY Options History — February 2008

In February 2008, OXY traded between $62.23 and $77.17. ATM implied volatility averaged 38.6%, placing in the 56.3% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded below realized volatility by 2.6% (HV 20d: 41.1%). Max pain ranged from $62.38 to $67.18. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.51.

Notable Days

  • 2008-02-14: Highest Volume — 24,538 contracts
  • 2008-02-29: Largest IV spike — 12.7% change
  • 2008-02-05: Highest IV Rank — 72.6%
  • 2008-02-05: Largest Expected Move — 12.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$69.13$62.23$77.17$66.41$74.25
Max Pain$64.30$62.38$67.18$62.38$67.18
ATM IV38.6%32.6%44.7%38.4%38.4%
Expected Move11.0%9.4%12.2%11.0%11.0%
HV 20d41.1%37.1%44.2%43.6%40.1%
HV 60d39.7%38.6%41.3%41.3%40.3%
IV Rank56.3%40.5%72.6%56.0%56.0%
IV Percentile79.6%56.0%96.8%83.3%79.0%
Term Structure0.6%-1.0%2.8%0.4%1.8%
VWIV38.4%33.6%42.2%39.0%37.0%
Skew 25d5.1%3.8%6.5%3.8%4.3%
Skew 10d9.5%6.6%11.5%8.4%7.6%
Call IV 25d36.1%31.6%39.9%37.5%35.8%
Put IV 25d41.2%36.8%44.8%41.3%40.1%
Bid-Ask Spread %13.679.6820.4713.1711.04
Gamma HHI0.170.130.230.140.20
Net GEX7.7M2.1M14.4M4.9M12.7M
Net DEX-452.4M-784.4M-167.0M-336.9M-654.1M
Net VEX-3.8M-4.2M-3.5M-3.7M-4.2M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.161.380.720.43
Total Volume11,753.754,40124,5388,58813,184
Total OI276,113.3249,615302,494267,666286,982

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-02-01$66.41$62.3838.4%11.0%43.6%56.0%39.0%3.8%0.4%4.9M-336.9M-3.7M0.7213.17N/AN/A5,0003,588161,727105,939
2008-02-04$66.45$62.3841.2%11.5%42.5%63.3%41.7%4.4%-0.8%4.7M-339.7M-3.6M1.3817.20N/AN/A3,5654,932161,991106,486
2008-02-05$63.94$62.3844.7%12.2%43.8%72.6%42.2%5.0%-1.0%2.7M-238.6M-3.6M0.4010.91N/AN/A4,5421,822162,926108,343
2008-02-06$62.23$62.3844.2%12.0%44.0%71.4%41.1%4.7%-0.7%2.1M-167.0M-3.5M0.4414.42N/AN/A3,2641,425165,321108,096
2008-02-07$62.59$62.3842.4%12.0%43.2%66.4%41.1%6.5%-0.3%2.4M-183.5M-3.5M0.649.92N/AN/A5,9653,812167,063108,747
2008-02-08$63.99$62.3840.6%11.6%42.7%61.7%39.4%5.8%0.2%2.9M-230.9M-3.6M0.4113.79N/AN/A6,1052,474167,463109,843
2008-02-11$65.78$62.3841.1%11.6%44.2%63.1%40.4%5.7%-0.0%4.5M-322.3M-3.7M0.4718.23N/AN/A9,7444,592170,115111,003
2008-02-12$65.46$62.3839.4%11.4%41.8%58.4%41.5%5.4%-0.2%5.0M-324.3M-3.7M1.1017.62N/AN/A4,9175,433174,048113,206
2008-02-13$67.30$62.3835.4%11.0%40.4%47.9%39.1%5.5%0.4%5.7M-411.6M-3.7M0.5110.19N/AN/A2,9161,485173,088114,544
2008-02-14$68.84$62.3839.8%11.4%40.1%59.7%39.2%4.6%0.9%7.2M-490.2M-3.8M0.579.68N/AN/A15,6038,935174,012115,071
2008-02-15$68.83$62.3838.9%11.1%38.6%57.1%37.7%4.8%1.2%7.0M-500.2M-3.9M0.3710.70N/AN/A11,6444,296182,029120,465
2008-02-19$72.03$62.3838.9%11.2%41.5%57.3%39.0%5.3%-0.1%8.5M-533.6M-3.9M0.3213.93N/AN/A16,8385,471154,50095,115
2008-02-20$73.08$67.1837.5%10.7%37.4%53.4%38.3%6.2%-0.1%10.0M-574.9M-4.0M0.1615.97N/AN/A10,6951,692161,66698,612
2008-02-21$70.14$67.1837.8%10.8%40.9%54.2%38.1%3.9%0.4%9.4M-476.0M-4.0M0.5410.66N/AN/A6,1143,282166,11199,404
2008-02-22$70.60$67.1837.0%10.6%40.7%52.1%36.1%5.3%1.0%9.9M-493.1M-4.0M0.2411.38N/AN/A7,0221,701167,651100,610
2008-02-25$72.97$67.1835.4%10.1%41.2%47.8%33.6%5.4%1.6%11.6M-588.0M-3.9M0.2714.58N/AN/A12,4413,308167,238101,329
2008-02-26$74.92$67.1832.6%9.4%41.4%40.5%34.6%5.2%2.1%13.9M-684.7M-4.0M0.3320.47N/AN/A13,5784,443172,645102,853
2008-02-27$75.53$67.1833.4%9.6%37.1%42.6%34.1%4.6%2.5%13.9M-714.1M-4.0M0.3414.16N/AN/A6,8462,318176,497105,171
2008-02-28$77.17$67.1834.1%9.8%37.4%44.5%35.1%5.7%2.8%14.4M-784.4M-4.1M0.4715.42N/AN/A6,8813,202178,504105,852
2008-02-29$74.25$67.1838.4%11.0%40.1%56.0%37.0%4.3%1.8%12.7M-654.1M-4.2M0.4311.04N/AN/A9,2033,981179,677107,305