OXY Options History — August 2008

In August 2008, OXY traded between $71.24 and $80.78. ATM implied volatility averaged 41.6%, placing in the 51.3% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded below realized volatility by 8.3% (HV 20d: 49.8%). Max pain ranged from $67.18 to $76.78. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 16 of 21 days. Put/call ratio averaged 1.12.

Notable Days

  • 2008-08-08: Highest Volume — 21,884 contracts
  • 2008-08-04: Largest IV spike — 18.1% change
  • 2008-08-04: Highest IV Rank — 86.0%
  • 2008-08-04: Largest Expected Move — 13.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$75.38$71.24$80.78$76.11$76.16
Max Pain$71.52$67.18$76.78$76.78$71.98
ATM IV41.6%36.3%51.1%43.3%38.6%
Expected Move12.0%10.4%13.6%12.4%11.1%
HV 20d49.8%41.8%56.3%51.6%44.4%
HV 60d44.2%42.3%45.4%42.3%44.3%
IV Rank51.3%31.8%86.0%57.6%40.4%
IV Percentile65.5%32.9%97.2%81.3%48.0%
Term Structure1.3%-0.7%3.1%1.4%2.7%
VWIV42.1%37.7%47.1%44.3%38.6%
Skew 25d3.7%2.2%5.3%2.2%3.6%
Skew 10d6.6%3.3%10.8%4.5%6.3%
Call IV 25d40.1%34.7%46.1%43.1%37.0%
Put IV 25d43.8%39.6%48.8%45.3%40.6%
Bid-Ask Spread %13.636.6119.466.6114.10
Gamma HHI0.140.100.300.130.12
Net GEX2.0M-3.1M7.2M619.7K5.0M
Net DEX-305.1M-563.2M-66.6M-309.3M-376.6M
Net VEX-4.6M-4.8M-4.3M-4.8M-4.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.175.590.380.71
Total Volume11,074.2384,08821,8845,0555,332
Total OI365,888.286305,638403,356387,052344,095

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-08-01$76.11$76.7843.3%12.4%51.6%57.6%44.3%2.2%1.4%619.7K-309.3M-4.8M0.386.61N/AN/A3,6511,404208,478178,574
2008-08-04$71.24$67.1851.1%13.6%55.2%86.0%47.1%2.7%-0.7%-2.3M-66.6M-4.6M0.8013.32N/AN/A7,3245,883209,640179,034
2008-08-05$72.56$67.1847.5%13.3%55.5%72.9%45.6%3.7%-0.6%-2.0M-119.1M-4.6M0.4414.91N/AN/A10,3954,583211,273179,046
2008-08-06$74.48$67.1844.9%12.8%56.3%63.5%45.4%4.0%-0.1%-458.1K-229.3M-4.8M0.5413.69N/AN/A3,0441,656216,218181,755
2008-08-07$73.29$71.9844.2%13.0%55.0%61.0%45.0%2.7%-0.1%-1.6M-172.2M-4.7M5.5914.50N/AN/A1,7009,506216,631182,404
2008-08-08$73.02$71.9840.5%12.7%54.9%47.6%44.5%3.2%0.4%-3.1M-136.9M-4.6M1.2313.66N/AN/A9,80612,078216,750184,388
2008-08-11$72.83$71.9844.3%13.1%54.9%61.3%45.0%3.0%-0.3%-964.9K-149.9M-4.5M0.5819.46N/AN/A7,1624,154220,734181,284
2008-08-12$72.44$71.9841.9%13.0%52.6%52.6%45.1%2.2%0.6%-1.8M-130.3M-4.5M0.5517.05N/AN/A5,0192,777217,863180,455
2008-08-13$74.98$71.9840.5%12.2%52.2%47.4%42.1%3.8%1.7%2.3M-286.7M-4.5M0.5113.00N/AN/A6,5173,313219,621181,421
2008-08-14$74.30$71.9844.2%12.7%51.5%60.9%43.6%3.8%0.9%1.4M-248.6M-4.5M0.9115.33N/AN/A5,4915,023220,915181,692
2008-08-15$72.66$71.9843.3%12.4%50.8%57.6%43.5%2.8%1.4%-3.1M-205.9M-4.4M1.4412.43N/AN/A6,8129,781221,967181,389
2008-08-18$72.57$71.9842.8%12.3%49.4%55.7%43.2%2.8%0.5%3.0M-259.4M-4.3M1.3113.00N/AN/A4,6146,064170,326135,312
2008-08-19$74.60$71.9839.0%11.2%48.7%42.0%39.5%4.0%1.8%3.8M-326.8M-4.3M1.0517.18N/AN/A10,64911,213172,192139,865
2008-08-20$77.93$71.9839.3%11.3%44.6%42.9%39.7%4.9%1.6%5.2M-447.9M-4.6M0.848.69N/AN/A7,6146,365177,016147,730
2008-08-21$80.43$71.9837.8%10.8%45.4%37.8%39.5%4.8%1.8%6.3M-553.7M-4.7M0.3915.29N/AN/A8,2463,186180,004150,935
2008-08-22$78.48$71.9838.6%11.1%45.7%40.5%37.7%4.9%1.8%5.7M-476.5M-4.7M0.5410.13N/AN/A2,6511,437181,809151,653
2008-08-25$77.58$71.9839.6%11.3%46.0%44.0%40.0%4.8%2.7%5.4M-436.1M-4.6M4.0211.54N/AN/A2,3689,511182,843152,155
2008-08-26$79.18$71.9837.0%10.6%46.4%34.7%39.0%5.3%3.0%5.9M-489.9M-4.8M0.7515.42N/AN/A3,1992,411183,246160,434
2008-08-27$80.78$71.9836.3%10.4%41.8%31.8%38.5%4.9%3.1%7.2M-563.2M-4.7M0.178.70N/AN/A6,9621,214184,681155,995
2008-08-28$77.32$71.9838.1%10.9%44.0%38.2%37.7%4.3%2.7%5.8M-421.3M-4.6M0.7718.19N/AN/A7,0455,399186,943154,888
2008-08-29$76.16$71.9838.6%11.1%44.4%40.4%38.6%3.6%2.7%5.0M-376.6M-4.6M0.7114.10N/AN/A3,1232,209187,664156,431