OXY Options History — March 2020

In March 2020, OXY traded between $9.61 and $33.30. ATM implied volatility averaged 146.7%, placing in the 84.4% IV rank vs the trailing year. The 30-day expected move averaged 41.4%. IV traded below realized volatility by 56.8% (HV 20d: 203.5%). Max pain ranged from $12.50 to $38.50. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.67.

Notable Days

  • 2020-03-26: Highest Volume — 160,374 contracts
  • 2020-03-09: Largest IV spike — 98.4% change
  • 2020-03-06: Highest IV Rank — 100.0%
  • 2020-03-18: Largest Expected Move — 59.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$16.10$9.61$33.30$32.48$11.31
Max Pain$20.52$12.50$38.50$38.50$12.50
ATM IV146.7%51.1%207.5%58.0%153.2%
Expected Move41.4%15.9%59.5%18.3%42.3%
HV 20d203.5%53.6%261.7%55.1%260.4%
HV 60d125.1%39.2%156.3%39.2%156.1%
IV Rank84.4%62.3%100.0%75.5%71.0%
IV Percentile98.4%94.4%100.0%99.2%94.4%
Term Structure5.3%-39.0%160.3%-2.0%56.6%
VWIV144.0%54.6%205.3%64.9%141.6%
Skew 25d33.6%5.2%171.1%5.2%33.7%
Skew 10d49.7%8.9%97.3%8.9%48.8%
Call IV 25d130.5%50.4%183.7%56.7%179.0%
Put IV 25d164.1%57.0%262.8%61.9%212.7%
Bid-Ask Spread %16.246.6139.7426.1515.65
Gamma HHI0.080.060.150.080.09
Net GEX168.4K-343.7K939.5K-343.7K34.4K
Net DEX149.2M57.9M322.6M242.6M69.9M
Net VEX-1.2M-2.4M-673.7K-2.2M-798.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.670.351.140.410.66
Total Volume69,103.68218,686160,37429,71541,751
Total OI602,798.318464,135755,257464,135676,307

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$32.48$38.5058.0%18.3%55.1%75.5%64.9%5.2%-2.0%-343.7K242.6M-2.2M0.4126.15N/AN/A21,1238,592288,962175,173
2020-03-03$33.30$38.5058.8%19.0%56.0%77.2%66.2%5.7%-2.5%503.0K205.4M-2.4M0.5119.78N/AN/A15,4707,889299,491179,242
2020-03-04$32.68$38.5051.1%15.9%55.8%62.3%54.6%6.6%-0.9%-147.2K243.7M-2.2M0.3616.26N/AN/A13,7994,907306,450184,173
2020-03-05$31.32$32.5063.0%16.3%53.6%85.3%58.8%9.5%-2.7%-227.2K266.3M-2.1M0.439.11N/AN/A13,0295,657312,471184,612
2020-03-06$26.76$32.5085.2%22.1%73.2%100.0%81.2%15.6%-4.0%-340.7K322.6M-1.6M0.629.95N/AN/A45,76728,315317,217186,223
2020-03-09$14.02$30.00169.1%45.4%232.8%100.0%153.0%27.0%3.5%102.1K200.3M-775.0K0.5417.20N/AN/A60,51732,474320,056190,873
2020-03-10$14.36$20.00175.4%36.1%234.4%100.0%130.9%13.6%-39.0%189.9K211.8M-709.5K0.6311.46N/AN/A74,42147,014351,817196,220
2020-03-11$11.88$20.00155.1%40.6%237.8%87.0%141.6%33.0%14.1%122.8K181.0M-673.7K0.706.61N/AN/A55,24138,558379,420213,601
2020-03-12$11.62$17.50154.9%52.9%235.7%86.9%189.8%171.1%-5.2%231.2K136.5M-931.4K0.8623.29N/AN/A71,53861,843396,668235,656
2020-03-13$13.03$17.50195.7%47.8%243.6%100.0%157.2%61.0%160.3%347.6K144.2M-1.0M0.3519.80N/AN/A54,67118,957410,372244,323
2020-03-16$12.22$17.50171.0%48.5%242.8%86.1%170.7%34.1%-10.1%384.1K125.5M-988.5K1.0212.27N/AN/A19,78220,191395,524232,799
2020-03-17$11.11$17.50179.2%51.5%242.1%90.7%160.6%37.8%-9.7%84.5K135.2M-813.2K0.4310.93N/AN/A24,21610,358400,616235,300
2020-03-18$10.07$17.50207.5%59.5%240.0%100.0%198.1%37.4%-22.4%46.7K113.0M-815.6K0.5739.74N/AN/A42,07024,091407,946232,802
2020-03-19$10.39$12.50191.5%55.3%241.1%91.5%185.6%43.3%-4.9%31.1K103.8M-846.3K0.4623.74N/AN/A32,75815,118428,677234,378
2020-03-20$10.10$12.50189.0%53.1%240.9%90.1%205.3%47.9%26.0%285.1K102.8M-798.1K1.1315.04N/AN/A27,33930,836435,872236,936
2020-03-23$9.61$12.50154.6%49.2%241.0%71.8%167.2%35.7%7.9%152.1K90.8M-725.2K0.529.76N/AN/A18,0729,416369,594211,154
2020-03-24$10.30$12.50151.5%42.3%245.8%70.1%155.6%26.6%-5.7%238.7K94.3M-740.1K0.668.28N/AN/A33,77822,169376,660212,837
2020-03-25$12.35$12.50152.2%45.0%260.7%70.4%162.6%42.9%-2.6%739.4K63.8M-1.0M0.8123.08N/AN/A65,51753,131390,860224,087
2020-03-26$12.56$12.50158.3%47.1%261.7%73.7%165.2%13.2%-36.9%939.5K57.9M-1.1M0.9514.51N/AN/A82,35278,022410,049267,478
2020-03-27$11.68$13.00163.0%48.6%261.3%76.3%170.4%22.5%-24.2%225.2K82.2M-1.2M1.0910.62N/AN/A44,38248,307434,705320,552
2020-03-30$11.01$13.00189.1%53.4%260.3%90.2%187.9%16.9%21.7%106.9K88.6M-1.1M1.1414.07N/AN/A45,35851,485421,853331,557
2020-03-31$11.31$12.50153.2%42.3%260.4%71.0%141.6%33.7%56.6%34.4K69.9M-798.3K0.6615.65N/AN/A25,18016,571360,554315,753