OXY Options History — April 2008

In April 2008, OXY traded between $71.86 and $83.37. ATM implied volatility averaged 39.0%, placing in the 54.6% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 1.3% (HV 20d: 37.6%). Max pain ranged from $62.38 to $67.18. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.95.

Notable Days

  • 2008-04-22: Highest Volume — 21,821 contracts
  • 2008-04-24: Largest IV drop — 13.2% change
  • 2008-04-01: Highest IV Rank — 66.4%
  • 2008-04-01: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$77.39$71.86$83.37$71.86$79.86
Max Pain$65.87$62.38$67.18$67.18$67.18
ATM IV39.0%34.7%42.4%42.4%34.7%
Expected Move11.2%9.9%12.1%12.1%9.9%
HV 20d37.6%23.2%54.9%54.9%32.3%
HV 60d43.9%41.7%46.6%46.6%43.0%
IV Rank54.6%39.4%66.4%66.4%39.4%
IV Percentile72.1%46.8%88.1%88.1%46.8%
Term Structure-1.1%-3.5%1.6%1.0%0.9%
VWIV39.8%35.0%45.2%45.2%35.0%
Skew 25d5.4%2.9%7.0%6.2%3.8%
Skew 10d9.8%3.3%12.3%11.5%12.3%
Call IV 25d36.9%32.5%40.0%40.0%33.8%
Put IV 25d42.3%37.5%46.1%46.1%37.5%
Bid-Ask Spread %12.417.8615.8014.1811.76
Gamma HHI0.230.190.280.190.28
Net GEX12.7M8.8M17.5M8.9M16.3M
Net DEX-733.0M-972.9M-503.1M-509.3M-802.2M
Net VEX-4.0M-4.1M-3.8M-4.1M-4.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.242.610.242.61
Total Volume10,785.5913,60521,8218,87619,960
Total OI308,930.273283,417329,819295,477329,819

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-04-01$71.86$67.1842.4%12.1%54.9%66.4%45.2%6.2%1.0%8.9M-509.3M-4.1M0.2414.18N/AN/A7,1481,728177,414118,063
2008-04-02$71.87$67.1840.7%11.7%53.8%61.9%41.6%6.2%1.6%8.8M-503.1M-4.1M2.4511.72N/AN/A1,2683,103175,980118,043
2008-04-03$72.49$67.1840.0%11.5%52.3%60.1%43.0%7.0%1.6%9.3M-527.6M-4.1M2.527.86N/AN/A2,3015,791176,277120,237
2008-04-04$73.66$62.3840.6%11.9%50.8%61.9%39.6%5.3%-2.4%10.4M-577.0M-4.1M1.1115.01N/AN/A2,5162,793177,424124,204
2008-04-07$73.47$62.3840.5%11.7%50.4%61.5%41.0%5.7%-2.2%10.3M-564.7M-4.0M0.2612.73N/AN/A4,2471,084177,446124,375
2008-04-08$74.07$62.3840.2%11.8%50.3%60.7%41.2%5.7%-2.4%11.2M-597.5M-4.1M0.9514.59N/AN/A1,8511,754179,193124,421
2008-04-09$75.67$62.3836.5%11.4%44.7%50.8%40.8%5.3%-2.1%12.3M-676.6M-4.0M0.458.16N/AN/A8,1533,639178,232125,095
2008-04-10$75.42$62.3838.6%11.1%43.5%55.6%38.5%5.5%-1.0%13.1M-675.6M-4.0M0.6712.80N/AN/A3,5832,409180,345126,484
2008-04-11$74.12$62.3841.8%12.0%43.8%61.8%40.5%5.5%-2.8%11.6M-601.2M-4.0M1.3410.39N/AN/A6,1968,280179,792127,544
2008-04-14$75.02$67.1840.6%11.6%42.7%58.2%42.6%6.4%-2.7%12.3M-648.5M-4.1M0.559.04N/AN/A3,0261,665182,218132,809
2008-04-15$76.27$67.1840.0%11.5%35.4%56.6%40.8%5.8%-2.3%13.8M-715.7M-4.0M1.0312.88N/AN/A3,5633,674182,175133,347
2008-04-16$79.84$67.1837.1%10.6%35.5%48.2%38.7%5.9%-0.7%15.1M-894.5M-3.9M0.7313.52N/AN/A8,6106,324182,971134,326
2008-04-17$79.53$67.1838.2%10.9%23.2%51.3%39.5%6.0%-1.6%14.2M-884.3M-3.9M0.7515.80N/AN/A6,6094,988184,008136,529
2008-04-18$79.52$67.1837.7%10.8%23.4%50.1%38.5%5.8%-1.8%11.3M-881.9M-3.9M0.6314.58N/AN/A5,2693,294185,271138,366
2008-04-21$81.39$67.1841.4%11.9%24.0%60.8%41.4%6.0%-3.5%10.9M-829.5M-3.8M0.2612.75N/AN/A16,5514,373166,395117,022
2008-04-22$82.59$67.1841.3%11.8%24.0%60.4%41.3%5.2%-2.8%11.1M-879.8M-3.8M0.4014.78N/AN/A15,5926,229166,395117,022
2008-04-23$81.08$67.1840.6%11.6%24.6%58.3%40.5%5.2%-2.6%14.0M-857.0M-4.0M0.6815.33N/AN/A7,9925,456182,772122,796
2008-04-24$79.49$67.1835.2%10.1%25.6%42.8%35.6%4.2%1.0%14.5M-784.4M-4.0M1.789.11N/AN/A6,40511,376185,615125,379
2008-04-25$83.37$67.1835.5%10.2%29.4%43.7%36.6%5.3%0.9%17.5M-972.9M-4.0M0.3510.43N/AN/A12,2884,298191,967132,353
2008-04-28$82.09$67.1837.2%10.7%30.5%46.9%36.5%5.0%-0.3%17.4M-930.6M-4.0M0.7114.95N/AN/A4,2152,972195,060132,667
2008-04-29$79.89$67.1836.3%10.4%32.3%44.2%36.8%2.9%0.2%15.6M-811.6M-4.1M0.3710.71N/AN/A3,4491,261194,588134,027
2008-04-30$79.86$67.1834.7%9.9%32.3%39.4%35.0%3.8%0.9%16.3M-802.2M-4.0M2.6111.76N/AN/A5,53214,428195,701134,118