OXY Options History — July 2008

In July 2008, OXY traded between $69.31 and $87.75. ATM implied volatility averaged 47.2%, placing in the 72.5% IV rank vs the trailing year. The 30-day expected move averaged 13.6%. IV traded above realized volatility by 4.7% (HV 20d: 42.5%). Max pain ranged from $76.78 to $86.37. Net GEX was positive for 13 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.61.

Notable Days

  • 2008-07-16: Highest Volume — 37,262 contracts
  • 2008-07-03: Largest IV spike — 9.6% change
  • 2008-07-17: Highest IV Rank — 93.7%
  • 2008-07-17: Largest Expected Move — 15.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$77.06$69.31$87.75$87.75$75.65
Max Pain$80.92$76.78$86.37$86.37$76.78
ATM IV47.2%38.4%53.3%38.4%45.6%
Expected Move13.6%11.0%15.3%11.0%13.1%
HV 20d42.5%36.0%52.1%40.7%51.5%
HV 60d40.0%37.2%43.1%37.2%42.6%
IV Rank72.5%44.9%93.7%44.9%66.1%
IV Percentile92.3%56.7%99.2%56.7%90.1%
Term Structure-1.5%-4.6%6.1%5.9%-0.8%
VWIV47.5%38.2%52.7%38.2%46.5%
Skew 25d3.1%2.2%4.7%3.0%2.4%
Skew 10d5.2%2.6%8.5%6.0%4.4%
Call IV 25d46.3%37.5%51.8%37.5%45.0%
Put IV 25d49.4%40.5%55.0%40.5%47.4%
Bid-Ask Spread %13.326.5522.8610.508.43
Gamma HHI0.140.110.180.150.12
Net GEX1.7M-2.3M9.5M9.5M517.7K
Net DEX-299.4M-787.7M15.0M-787.7M-286.5M
Net VEX-4.9M-5.2M-4.5M-5.1M-4.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.151.350.150.59
Total Volume15,179.7734,84037,2629,7527,208
Total OI378,332.136361,683409,278363,279386,881

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-07-01$87.75$86.3738.4%11.0%40.7%44.9%38.2%3.0%5.9%9.5M-787.7M-5.1M0.1510.50N/AN/A8,4841,268197,989165,290
2008-07-02$84.86$86.3740.8%11.7%41.5%52.8%41.4%4.4%6.1%7.7M-639.7M-5.2M0.6618.61N/AN/A3,5542,357200,010162,950
2008-07-03$83.73$86.3744.7%12.8%37.8%65.8%44.2%3.8%4.6%6.4M-583.3M-5.1M1.0114.58N/AN/A3,7283,784198,614163,069
2008-07-07$81.02$81.5748.4%14.5%38.9%78.0%50.2%4.7%-2.9%3.9M-445.4M-5.1M0.4511.99N/AN/A9,4424,259199,654164,046
2008-07-08$79.20$81.5746.5%13.9%39.0%70.5%49.3%4.0%-2.7%2.4M-350.1M-5.0M0.6312.68N/AN/A20,17412,637202,249164,976
2008-07-09$77.73$81.5744.6%13.9%37.3%64.2%47.8%2.6%-2.7%1.2M-298.6M-5.1M0.3415.32N/AN/A9,3403,145209,252172,004
2008-07-10$80.23$81.5747.2%13.5%38.2%73.1%47.3%4.1%-2.2%3.7M-428.7M-5.2M0.4015.67N/AN/A6,7082,675208,650172,380
2008-07-11$80.66$81.5748.8%14.0%36.0%77.5%48.9%2.7%-2.7%4.2M-458.9M-5.2M1.3516.22N/AN/A4,8376,529209,693173,135
2008-07-14$80.67$81.5749.2%14.1%36.0%79.0%49.6%3.3%-3.1%3.7M-452.6M-5.1M1.0316.51N/AN/A2,3822,458209,037174,551
2008-07-15$76.97$81.5752.3%15.0%38.5%90.2%51.6%3.2%-4.6%88.1K-252.3M-5.0M0.6022.86N/AN/A16,4309,854209,952174,497
2008-07-16$73.90$81.5752.0%14.9%39.4%89.0%51.6%3.3%-4.0%-1.6M-93.6M-4.9M0.7914.28N/AN/A20,77516,487218,951177,212
2008-07-17$72.07$81.5753.3%15.3%39.9%93.7%52.7%3.3%-4.4%-2.3M-33.5M-4.9M0.4616.86N/AN/A13,3866,138222,395181,383
2008-07-18$74.46$81.5749.1%14.1%41.0%78.7%49.8%2.5%-3.5%-131.1K-128.4M-4.9M0.8212.16N/AN/A11,3949,332225,365183,913
2008-07-21$76.75$81.5746.4%13.3%42.7%68.8%46.6%2.8%-1.3%1.5M-323.4M-5.0M0.7312.44N/AN/A7,2045,273197,511168,459
2008-07-22$73.90$81.5745.6%13.1%43.2%65.8%45.6%2.4%-1.4%-591.8K-176.4M-4.8M0.3112.31N/AN/A12,2613,836198,719170,384
2008-07-23$69.31$81.5749.1%14.1%47.7%78.6%47.9%2.4%-3.9%-2.2M15.0M-4.5M0.7712.16N/AN/A12,2299,386200,378171,714
2008-07-24$70.38$76.7849.8%14.3%48.4%81.2%49.9%2.7%-2.6%-1.6M-39.8M-4.7M0.5610.25N/AN/A12,2776,879199,272172,050
2008-07-25$72.66$76.7848.1%13.8%50.3%75.2%48.0%3.1%-2.7%-444.1K-147.2M-4.8M0.2512.77N/AN/A9,3372,360203,303173,793
2008-07-28$73.01$76.7846.9%13.5%47.5%70.7%46.8%2.2%-1.2%-773.6K-157.8M-4.7M0.296.55N/AN/A5,3591,564204,511174,224
2008-07-29$72.89$76.7846.2%13.2%46.7%68.0%46.2%3.1%-1.3%-621.7K-142.9M-4.7M0.7110.79N/AN/A6,0024,269205,544174,218
2008-07-30$77.44$76.7844.9%12.9%52.1%63.5%45.9%3.1%-0.7%1.9M-375.5M-4.8M0.579.10N/AN/A10,8166,138205,450175,679
2008-07-31$75.65$76.7845.6%13.1%51.5%66.1%46.5%2.4%-0.8%517.7K-286.5M-4.9M0.598.43N/AN/A4,5422,666208,871178,010