OXY Options History — February 2009

In February 2009, OXY traded between $45.64 and $56.25. ATM implied volatility averaged 54.3%, placing in the 18.2% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded below realized volatility by 2.8% (HV 20d: 57.1%). Max pain ranged from $52.78 to $52.78. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 17 of 19 days. Put/call ratio averaged 0.76.

Notable Days

  • 2009-02-24: Highest Volume — 29,431 contracts
  • 2009-02-17: Largest IV spike — 22.4% change
  • 2009-02-23: Highest IV Rank — 25.9%
  • 2009-02-23: Largest Expected Move — 18.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$51.43$45.64$56.25$51.97$49.78
Max Pain$52.78$52.78$52.78$52.78$52.78
ATM IV54.3%44.6%63.5%54.7%57.4%
Expected Move15.8%13.7%18.2%15.7%16.4%
HV 20d57.1%49.5%62.9%61.5%53.6%
HV 60d81.7%64.5%90.9%90.9%64.5%
IV Rank18.2%10.0%25.9%18.5%20.3%
IV Percentile61.0%44.8%71.8%64.3%61.9%
Term Structure2.3%-0.9%5.4%1.7%0.9%
VWIV53.6%45.9%66.7%56.0%57.3%
Skew 25d11.9%9.1%13.8%11.5%12.4%
Skew 10d23.1%19.9%25.5%24.2%23.4%
Call IV 25d49.0%43.3%59.8%50.9%50.1%
Put IV 25d60.8%54.0%73.2%62.4%62.5%
Bid-Ask Spread %10.766.3018.667.5114.45
Gamma HHI0.290.150.580.240.23
Net GEX3.0M-5.6M6.6M2.7M3.6M
Net DEX-38.8M-198.1M93.2M-42.9M-31.9M
Net VEX-2.8M-3.1M-2.3M-2.8M-2.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.760.191.440.770.62
Total Volume15,140.7896,88429,43116,2186,884
Total OI312,512.368256,146337,943303,601315,562

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-02-02$51.97$52.7854.7%15.7%61.5%18.5%56.0%11.5%1.7%2.7M-42.9M-2.8M0.777.51N/AN/A9,1807,038170,050133,551
2009-02-03$53.05$52.7852.4%15.0%62.2%16.5%50.9%10.8%1.3%3.9M-78.7M-2.9M0.6210.27N/AN/A8,3265,157173,155133,491
2009-02-04$53.48$52.7851.0%14.6%62.4%15.4%51.1%9.7%1.7%4.7M-97.6M-3.0M0.727.84N/AN/A6,5084,690177,333136,263
2009-02-05$53.89$52.7849.3%14.1%59.2%14.0%47.9%9.1%2.9%4.8M-106.3M-3.0M0.997.01N/AN/A4,2584,213176,602137,446
2009-02-06$54.48$52.7846.2%14.6%59.0%11.3%45.9%11.0%4.2%5.2M-121.5M-3.0M0.5513.12N/AN/A7,4274,100176,927139,345
2009-02-09$56.25$52.7844.6%13.7%57.7%10.0%48.3%10.7%4.9%6.6M-198.1M-3.1M0.4918.66N/AN/A9,5744,705176,983140,823
2009-02-10$53.21$52.7851.6%15.4%59.9%15.9%50.9%12.7%3.1%4.2M-75.0M-2.9M0.579.60N/AN/A9,0745,138180,157142,912
2009-02-11$53.54$52.7849.8%15.4%58.6%14.4%53.0%11.7%3.2%3.9M-76.8M-2.9M0.9412.51N/AN/A6,2305,866179,803143,773
2009-02-12$53.59$52.7852.8%15.1%56.0%16.9%50.9%11.2%3.9%5.0M-93.7M-2.9M0.6613.87N/AN/A7,0714,651180,638143,321
2009-02-13$54.30$52.7849.5%14.2%56.0%14.1%48.3%10.8%5.4%6.2M-121.9M-2.9M0.9312.70N/AN/A5,2514,908182,679143,558
2009-02-17$50.25$52.7860.6%17.4%62.9%23.4%55.9%13.2%1.2%1.6M34.9M-2.6M0.647.07N/AN/A14,6309,290183,600144,552
2009-02-18$49.46$52.7858.8%16.8%60.4%21.9%55.2%12.8%3.1%722.3K65.4M-2.6M0.8610.68N/AN/A8,4257,278188,972146,963
2009-02-19$49.24$52.7857.6%16.5%49.8%20.9%54.2%12.0%2.9%103.6K62.7M-2.6M0.5612.63N/AN/A5,9683,323192,034145,909
2009-02-20$48.04$52.7858.6%16.8%49.5%21.8%56.7%12.9%4.2%-5.6M93.2M-2.5M0.8014.43N/AN/A9,9488,002191,476146,192
2009-02-23$45.64$52.7863.5%18.2%50.9%25.9%66.7%13.4%-0.2%1.0M67.0M-2.3M1.357.32N/AN/A7,85310,610142,448113,698
2009-02-24$48.44$52.7858.4%16.7%55.3%21.6%53.8%12.6%0.4%1.2M27.4M-2.5M0.198.59N/AN/A24,7814,650145,493121,580
2009-02-25$48.11$52.7857.6%16.5%55.3%20.9%58.4%13.2%0.6%2.4M15.0M-2.6M0.729.83N/AN/A9,8247,103166,214123,942
2009-02-26$50.38$52.7858.3%16.7%55.4%21.1%57.2%13.8%-0.9%4.1M-59.1M-2.8M1.446.30N/AN/A10,54015,201173,026127,264
2009-02-27$49.78$52.7857.4%16.4%53.6%20.3%57.3%12.4%0.9%3.6M-31.9M-2.8M0.6214.45N/AN/A4,2512,633179,376136,186