OXY Options History — March 2009

In March 2009, OXY traded between $46.81 and $58.51. ATM implied volatility averaged 57.6%, placing in the 20.5% IV rank vs the trailing year. The 30-day expected move averaged 16.4%. IV traded below realized volatility by 6.7% (HV 20d: 64.3%). Max pain ranged from $52.78 to $52.78. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.82.

Notable Days

  • 2009-03-19: Highest Volume — 37,879 contracts
  • 2009-03-05: Largest IV spike — 17.5% change
  • 2009-03-09: Highest IV Rank — 29.8%
  • 2009-03-05: Largest Expected Move — 19.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.73$46.81$58.51$46.90$53.41
Max Pain$52.78$52.78$52.78$52.78$52.78
ATM IV57.6%50.8%68.7%67.5%57.4%
Expected Move16.4%14.6%19.4%19.4%16.5%
HV 20d64.3%55.7%68.7%55.7%61.4%
HV 60d60.6%58.5%65.4%65.4%59.3%
IV Rank20.5%14.8%29.8%28.9%20.4%
IV Percentile59.9%48.4%73.8%73.0%58.3%
Term Structure2.5%-5.0%5.8%-4.3%3.8%
VWIV58.0%49.5%73.5%68.9%57.1%
Skew 25d10.1%6.4%13.7%13.6%6.4%
Skew 10d19.7%12.3%26.6%25.6%12.3%
Call IV 25d52.7%46.1%62.4%62.4%53.8%
Put IV 25d62.7%54.8%76.0%76.0%60.2%
Bid-Ask Spread %11.755.4817.5611.905.48
Gamma HHI0.270.190.470.200.24
Net GEX5.8M911.0K14.2M1.5M5.9M
Net DEX-174.3M-413.2M65.8M50.2M-165.0M
Net VEX-3.0M-3.2M-2.6M-2.6M-3.0M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.252.441.170.25
Total Volume16,271.3645,88837,87928,67125,732
Total OI333,424.091296,288375,216306,826319,778

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-03-02$46.90$52.7867.5%19.4%55.7%28.9%68.9%13.6%-4.3%1.5M50.2M-2.6M1.1711.90N/AN/A13,20615,465170,680136,146
2009-03-03$46.81$52.7863.7%18.3%55.7%25.7%63.9%13.7%-1.9%911.0K65.8M-2.6M0.3515.98N/AN/A7,0442,496176,182143,452
2009-03-04$50.69$52.7857.7%16.5%62.8%20.6%62.2%13.5%-0.4%3.5M-71.1M-2.9M0.507.93N/AN/A12,9996,453178,941141,710
2009-03-05$48.02$52.7867.8%19.4%65.2%29.2%73.5%13.1%-5.0%2.5M12.8M-2.8M1.3115.26N/AN/A9,20912,062184,817143,588
2009-03-06$48.50$52.7867.4%18.2%65.3%28.8%64.6%12.6%2.7%2.7M-19.3M-2.9M0.8610.73N/AN/A4,7644,121189,870150,786
2009-03-09$48.36$52.7868.7%18.4%65.0%29.8%64.7%13.3%2.3%2.5M-10.8M-2.8M1.0014.86N/AN/A2,9392,949191,105151,131
2009-03-10$51.40$52.7860.3%16.8%68.0%22.9%59.0%12.4%3.5%5.2M-138.0M-3.0M0.6713.21N/AN/A10,7817,197191,669151,515
2009-03-11$51.65$52.7856.3%16.2%65.3%19.4%58.4%10.7%3.8%5.7M-142.8M-3.0M0.629.06N/AN/A6,3943,964194,772153,756
2009-03-12$54.18$52.7853.7%15.4%67.6%17.3%51.6%9.0%5.1%8.1M-247.9M-3.1M0.4412.68N/AN/A10,9334,812192,792153,515
2009-03-13$52.49$52.7853.8%15.4%68.6%17.4%55.6%9.6%4.0%7.0M-170.4M-3.0M1.0613.30N/AN/A5,1295,412195,808153,055
2009-03-16$51.43$52.7853.0%15.2%68.7%16.7%54.3%10.3%4.2%5.4M-113.5M-2.8M0.4111.00N/AN/A11,3934,702194,833155,673
2009-03-17$53.35$52.7850.8%14.6%64.0%14.8%49.5%8.8%5.3%9.2M-215.7M-2.9M0.7417.56N/AN/A7,9655,862197,948155,428
2009-03-18$54.55$52.7852.2%15.0%64.0%16.0%50.3%8.9%5.8%10.4M-285.5M-3.0M0.3412.59N/AN/A17,0975,797199,487158,742
2009-03-19$56.60$52.7854.1%15.5%64.8%17.6%54.4%9.6%3.3%14.2M-413.2M-3.1M0.9613.38N/AN/A19,32718,552205,721161,767
2009-03-20$54.45$52.7857.8%16.6%65.9%20.7%56.4%8.6%4.6%4.5M-293.0M-3.1M0.268.65N/AN/A22,2005,800208,317166,899
2009-03-23$58.51$52.7855.6%16.0%66.2%18.9%55.6%9.4%1.8%5.5M-353.1M-3.2M0.6814.58N/AN/A12,4008,391168,409127,879
2009-03-24$56.41$52.7853.9%15.5%65.9%17.4%55.6%7.5%2.9%6.1M-287.1M-3.2M0.977.53N/AN/A3,5713,448176,097130,715
2009-03-25$56.39$52.7853.5%15.3%65.8%17.1%54.4%7.6%3.3%6.2M-282.7M-3.2M0.9110.01N/AN/A7,4226,755176,141133,013
2009-03-26$56.41$52.7851.8%14.9%64.2%15.7%55.2%8.2%3.6%6.9M-292.8M-3.2M2.449.48N/AN/A1,7384,240181,510135,637
2009-03-27$55.62$52.7851.8%14.8%64.3%15.6%52.8%7.6%3.6%6.6M-260.7M-3.2M1.0610.66N/AN/A3,6193,835180,739135,941
2009-03-30$53.93$52.7858.2%16.7%61.2%21.1%57.6%7.1%3.6%6.3M-200.1M-3.1M0.9812.75N/AN/A4,9424,853182,829136,537
2009-03-31$53.41$52.7857.4%16.5%61.4%20.4%57.1%6.4%3.8%5.9M-165.0M-3.0M0.255.48N/AN/A20,6485,084181,168138,610