OXY Options History — March 2008

In March 2008, OXY traded between $66.38 and $75.42. ATM implied volatility averaged 42.3%, placing in the 66.2% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded below realized volatility by 7.8% (HV 20d: 50.1%). Max pain ranged from $67.18 to $76.78. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 13 of 20 days. Put/call ratio averaged 0.74.

Notable Days

  • 2008-03-20: Highest Volume — 24,232 contracts
  • 2008-03-11: Largest IV drop — 16.8% change
  • 2008-03-17: Highest IV Rank — 85.7%
  • 2008-03-17: Largest Expected Move — 14.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$71.17$66.38$75.42$75.09$70.22
Max Pain$69.82$67.18$76.78$67.18$67.18
ATM IV42.3%36.2%49.6%36.2%43.1%
Expected Move12.2%10.4%14.2%10.4%12.4%
HV 20d50.1%39.8%58.7%39.8%54.3%
HV 60d44.1%40.2%47.3%40.2%46.7%
IV Rank66.2%50.0%85.7%50.0%68.5%
IV Percentile88.5%70.6%98.0%70.6%90.9%
Term Structure0.3%-1.5%2.7%2.7%0.5%
VWIV42.8%36.8%48.7%36.8%44.9%
Skew 25d4.8%3.0%5.9%5.6%5.2%
Skew 10d8.7%4.8%13.1%10.5%9.5%
Call IV 25d40.3%34.9%47.1%34.9%41.5%
Put IV 25d45.0%39.6%51.3%40.5%46.7%
Bid-Ask Spread %12.186.9517.4315.9113.95
Gamma HHI0.190.150.240.210.17
Net GEX9.4M3.6M13.8M13.4M6.9M
Net DEX-480.6M-704.9M-211.0M-689.3M-416.5M
Net VEX-4.1M-4.2M-4.0M-4.2M-4.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.740.182.230.180.59
Total Volume12,586.155,21624,23211,76515,949
Total OI292,912.3273,540318,404287,758285,266

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-03-03$75.09$67.1836.2%10.4%39.8%50.0%36.8%5.6%2.7%13.4M-689.3M-4.2M0.1815.91N/AN/A9,9841,781179,508108,250
2008-03-04$72.78$67.1838.8%11.1%42.0%57.0%37.7%4.8%1.8%12.3M-588.7M-4.2M0.5316.54N/AN/A5,3922,881181,574108,620
2008-03-05$75.30$67.1836.7%10.5%40.0%51.3%38.6%4.2%1.7%13.8M-704.9M-4.2M0.386.95N/AN/A11,1654,212181,833109,280
2008-03-06$72.42$67.1839.9%11.4%41.5%59.9%41.0%3.0%1.6%11.5M-561.9M-4.2M0.6111.57N/AN/A7,5644,633178,372110,729
2008-03-07$71.30$76.7840.8%12.2%42.3%62.1%43.0%4.6%0.4%10.3M-501.6M-4.2M0.698.28N/AN/A7,1694,950178,728112,466
2008-03-10$70.51$71.9845.5%12.8%42.4%74.8%45.1%4.3%-0.6%9.3M-463.9M-4.2M2.239.04N/AN/A5,20411,584178,168113,662
2008-03-11$75.42$71.9837.9%11.6%47.3%54.5%41.3%5.3%0.4%13.8M-693.0M-4.1M0.958.02N/AN/A5,1274,851179,032112,115
2008-03-12$73.33$71.9839.8%11.9%48.7%59.7%41.8%3.8%0.7%12.6M-605.9M-4.1M1.159.31N/AN/A3,0213,488179,551113,493
2008-03-13$74.25$71.9842.8%12.3%48.1%67.6%42.0%4.4%-0.4%13.0M-634.7M-4.1M0.5510.84N/AN/A10,1345,579179,314114,896
2008-03-14$72.24$71.9844.8%12.9%48.9%73.0%46.0%5.4%-0.7%10.4M-537.9M-4.2M2.0013.96N/AN/A5,35310,696183,676118,656
2008-03-17$67.82$71.9849.6%14.2%54.2%85.7%48.7%4.2%-1.5%5.5M-306.2M-4.1M0.9117.43N/AN/A12,61011,523184,140123,566
2008-03-18$70.98$71.9843.0%12.3%54.2%68.0%42.8%5.4%0.1%7.9M-448.5M-4.1M0.4216.04N/AN/A11,2644,715186,662127,981
2008-03-19$66.38$71.9844.7%12.8%58.7%72.6%44.1%4.1%-0.9%3.6M-211.0M-4.0M0.4710.91N/AN/A6,9213,266187,978128,554
2008-03-20$67.12$71.9846.5%13.3%57.3%77.5%46.2%4.7%-1.0%10.2M-247.2M-4.0M0.5512.68N/AN/A15,6518,581190,057128,347
2008-03-24$67.89$67.1845.2%12.9%57.4%73.9%44.4%4.3%-0.8%5.1M-323.1M-4.0M0.2312.30N/AN/A7,0131,632164,012109,528
2008-03-25$68.87$67.1844.1%12.6%56.3%70.9%44.0%5.2%0.2%5.8M-364.0M-4.0M0.4313.66N/AN/A3,7951,641165,378109,987
2008-03-26$70.97$67.1842.0%12.0%56.6%65.4%42.4%5.7%0.2%7.7M-458.4M-4.0M0.3011.73N/AN/A6,8962,049169,276110,785
2008-03-27$70.25$67.1842.4%12.1%56.5%66.4%42.1%4.7%0.8%7.2M-434.3M-4.0M0.6611.96N/AN/A4,9543,279169,739111,416
2008-03-28$70.27$67.1841.7%12.0%55.7%64.7%43.3%5.9%0.8%7.0M-420.9M-4.0M0.8812.61N/AN/A2,7762,440170,141113,510
2008-03-31$70.22$67.1843.1%12.4%54.3%68.5%44.9%5.2%0.5%6.9M-416.5M-4.0M0.5913.95N/AN/A10,0045,945170,817114,449