OXY Options History — September 2008

In September 2008, OXY traded between $62.38 and $77.97. ATM implied volatility averaged 55.0%, placing in the 81.5% IV rank vs the trailing year. The 30-day expected move averaged 15.6%. IV traded below realized volatility by 6.7% (HV 20d: 61.7%). Max pain ranged from $67.18 to $71.98. Net GEX was positive for 15 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.63.

Notable Days

  • 2008-09-18: Highest Volume — 39,628 contracts
  • 2008-09-29: Largest IV spike — 57.6% change
  • 2008-09-09: Highest IV Rank — 100.0%
  • 2008-09-29: Largest Expected Move — 25.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$70.00$62.38$77.97$72.29$67.61
Max Pain$68.78$67.18$71.98$71.98$67.18
ATM IV55.0%44.1%88.4%45.1%66.7%
Expected Move15.6%12.7%25.4%12.9%19.1%
HV 20d61.7%40.7%99.2%41.8%99.2%
HV 60d52.2%44.0%68.8%45.3%68.8%
IV Rank81.5%59.4%100.0%63.9%63.2%
IV Percentile95.8%82.1%100.0%87.7%99.6%
Term Structure-2.3%-16.0%2.4%-1.1%-5.0%
VWIV54.3%44.0%84.2%44.8%65.7%
Skew 25d4.9%1.6%7.9%3.3%7.8%
Skew 10d8.9%1.3%15.5%4.4%11.1%
Call IV 25d52.0%42.6%83.0%43.2%63.1%
Put IV 25d56.9%46.2%90.1%46.5%70.9%
Bid-Ask Spread %14.947.6135.0214.5020.84
Gamma HHI0.130.100.330.100.11
Net GEX2.5M-1.9M18.1M2.1M1.8M
Net DEX-174.1M-601.7M103.3M-206.2M-92.9M
Net VEX-4.5M-5.0M-3.9M-4.4M-4.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.330.980.570.53
Total Volume15,330.0487,00539,62810,14417,334
Total OI367,358.476346,103405,821346,103385,156

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-09-02$72.29$71.9845.1%12.9%41.8%63.9%44.8%3.3%-1.1%2.1M-206.2M-4.4M0.5714.50N/AN/A6,4813,663188,296157,807
2008-09-03$72.45$71.9844.1%12.7%41.3%59.4%44.0%3.6%0.1%2.0M-207.5M-4.5M0.369.77N/AN/A9,4993,377187,615159,055
2008-09-04$70.62$71.9846.3%13.3%41.0%66.9%47.2%2.9%-2.0%729.9K-129.3M-4.4M0.3314.37N/AN/A8,3522,719187,752160,025
2008-09-05$70.32$71.9845.6%13.0%40.7%64.3%45.8%3.9%0.1%781.2K-126.3M-4.4M0.9811.15N/AN/A4,6944,598189,325160,551
2008-09-08$69.03$71.9849.3%13.5%41.1%77.7%46.9%4.0%-0.2%-119.9K-78.2M-4.2M0.8212.19N/AN/A4,2403,460189,901161,752
2008-09-09$63.50$71.9858.6%15.0%50.1%100.0%51.7%2.6%-1.1%-1.9M103.3M-3.9M0.747.61N/AN/A9,7237,199191,115160,899
2008-09-10$67.04$71.9852.9%14.5%54.6%80.7%50.3%4.6%-1.7%-524.1K-16.7M-4.1M0.4213.94N/AN/A11,7084,904193,117161,096
2008-09-11$67.04$67.1851.8%14.9%52.7%76.9%51.8%4.7%-1.1%218.1K-29.0M-4.2M0.8210.09N/AN/A8,0356,625196,140160,758
2008-09-12$69.54$67.1850.5%14.5%54.8%72.3%49.4%4.3%-0.8%1.4M-134.6M-4.4M0.3411.03N/AN/A5,2241,781198,113164,443
2008-09-15$64.93$67.1854.1%15.5%59.2%84.5%53.8%4.5%-2.2%-860.5K37.0M-4.0M0.7814.83N/AN/A11,1918,758199,651164,509
2008-09-16$67.00$67.1855.7%16.0%60.6%90.2%55.9%5.5%-2.9%-292.9K-21.0M-4.2M0.8011.04N/AN/A16,69313,273203,740169,615
2008-09-17$66.27$67.1858.7%16.8%59.5%100.0%58.0%4.9%-4.6%-480.5K-16.8M-4.2M0.6418.04N/AN/A14,3719,207205,207172,557
2008-09-18$68.09$67.1859.2%17.0%57.9%100.0%58.9%1.6%-4.9%871.9K-88.5M-4.5M0.4935.02N/AN/A26,56813,060212,344175,753
2008-09-19$77.26$67.1852.9%15.2%73.8%78.9%54.7%5.9%-1.6%18.1M-601.7M-5.0M0.3421.19N/AN/A12,9794,399226,430179,391
2008-09-22$77.97$67.1854.3%15.6%73.4%83.8%54.6%5.7%-1.3%6.8M-550.8M-4.9M0.6710.43N/AN/A9,1896,158203,548164,340
2008-09-23$74.05$67.1858.0%16.6%75.6%96.0%56.9%5.8%-1.8%4.9M-377.9M-4.9M0.5516.22N/AN/A4,8592,688206,297167,599
2008-09-24$73.56$67.1857.6%16.5%75.1%94.6%56.8%6.5%-1.1%4.6M-346.4M-4.9M0.7318.57N/AN/A7,2725,305206,713168,043
2008-09-25$74.74$67.1849.8%14.3%74.9%68.8%51.6%6.1%2.4%5.4M-385.0M-4.9M0.6613.52N/AN/A4,6033,015208,506167,738
2008-09-26$74.21$67.1856.1%16.1%73.5%89.8%56.6%7.9%-0.5%5.3M-373.4M-4.9M0.9312.21N/AN/A6,1785,766210,682167,942
2008-09-29$62.38$67.1888.4%25.4%95.5%100.0%84.2%7.0%-16.0%1.0M-14.0M-4.5M0.7517.24N/AN/A7,3015,482209,906171,101
2008-09-30$67.61$67.1866.7%19.1%99.2%63.2%65.7%7.8%-5.0%1.8M-92.9M-4.7M0.5320.84N/AN/A11,3455,989212,768172,388