OXY Options History — March 2021

In March 2021, OXY traded between $26.54 and $31.16. ATM implied volatility averaged 67.2%, placing in the 7.0% IV rank vs the trailing year. The 30-day expected move averaged 19.2%. IV traded above realized volatility by 4.1% (HV 20d: 63.1%). Max pain ranged from $23.00 to $30.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.34.

Notable Days

  • 2021-03-18: Highest Volume — 121,571 contracts
  • 2021-03-18: Largest IV spike — 8.1% change
  • 2021-03-04: Highest IV Rank — 14.2%
  • 2021-03-04: Largest Expected Move — 20.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.40$26.54$31.16$27.62$26.78
Max Pain$28.09$23.00$30.00$23.00$30.00
ATM IV67.2%61.7%73.4%69.0%61.8%
Expected Move19.2%16.7%20.6%20.3%16.7%
HV 20d63.1%56.9%70.6%64.5%61.8%
HV 60d71.3%68.6%76.1%76.1%70.3%
IV Rank7.0%2.7%14.2%11.5%3.0%
IV Percentile15.3%2.0%35.9%19.1%2.4%
Term Structure0.4%-4.2%3.9%0.7%2.6%
VWIV68.8%60.6%74.3%73.0%60.6%
Skew 25d-0.9%-4.3%0.7%0.7%-0.3%
Skew 10d-0.6%-8.1%11.0%-1.8%11.0%
Call IV 25d69.8%62.8%77.7%71.8%62.8%
Put IV 25d68.9%62.5%78.4%72.4%62.5%
Bid-Ask Spread %13.244.3529.6810.0010.49
Gamma HHI0.120.080.190.130.11
Net GEX9.2M5.9M13.5M8.5M7.8M
Net DEX-622.1M-882.2M-418.7M-610.2M-445.9M
Net VEX-2.6M-2.9M-2.5M-2.5M-2.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.340.160.610.250.25
Total Volume59,497.8723,435121,57145,73223,435
Total OI622,192.609547,268743,583547,268665,801

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$27.62$23.0069.0%20.3%64.5%11.5%73.0%0.7%0.7%8.5M-610.2M-2.5M0.2510.00N/AN/A36,5579,175395,360151,908
2021-03-02$28.15$23.0069.5%19.9%64.3%11.8%70.8%0.3%-4.2%9.8M-645.5M-2.5M0.374.99N/AN/A27,74810,293406,933156,757
2021-03-03$28.97$24.0070.1%20.5%64.5%12.2%74.3%-1.9%-3.3%10.4M-706.7M-2.5M0.334.35N/AN/A51,23916,796408,557162,613
2021-03-04$30.03$27.0073.4%20.6%62.9%14.2%72.7%0.7%0.6%11.3M-786.6M-2.5M0.6119.30N/AN/A61,14637,052413,001173,557
2021-03-05$31.16$28.0072.5%20.1%63.3%9.6%72.4%-1.7%-0.5%13.3M-882.2M-2.5M0.3813.67N/AN/A72,08027,306418,813185,781
2021-03-08$29.94$28.0070.5%20.4%66.4%8.3%73.7%-0.7%3.9%9.3M-745.5M-2.5M0.1812.73N/AN/A43,0277,935406,135169,672
2021-03-09$28.53$28.0071.3%20.2%57.1%8.8%71.1%-1.3%0.1%9.2M-641.6M-2.5M0.5514.62N/AN/A41,77623,001422,081173,259
2021-03-10$29.52$28.0069.3%19.8%56.9%7.5%71.2%-0.7%0.1%11.4M-729.6M-2.5M0.429.58N/AN/A32,58913,792434,878179,545
2021-03-11$30.94$28.0068.7%19.5%58.2%7.1%70.2%-4.3%-0.9%13.5M-857.4M-2.5M0.255.83N/AN/A57,77614,435436,388186,583
2021-03-12$30.62$28.0067.8%19.5%57.3%6.5%69.9%-1.2%-0.1%11.0M-821.0M-2.5M0.4914.23N/AN/A29,22514,266444,240193,247
2021-03-15$29.30$28.0071.1%20.3%60.2%8.7%72.1%-3.3%-0.5%9.0M-698.9M-2.5M0.1617.15N/AN/A78,15012,195426,885186,825
2021-03-16$28.15$28.0066.2%19.0%61.0%5.5%69.0%-1.1%0.6%9.0M-626.1M-2.5M0.2913.88N/AN/A43,82312,601459,263191,800
2021-03-17$28.89$28.0065.0%18.6%61.5%4.6%65.8%-1.6%-1.6%10.8M-690.8M-2.6M0.228.16N/AN/A33,3517,207468,659192,663
2021-03-18$26.55$28.0070.3%20.1%66.6%8.1%72.5%-1.1%0.9%7.8M-518.8M-2.6M0.4726.40N/AN/A82,50639,065496,735205,603
2021-03-19$28.12$30.0067.1%19.2%69.5%6.8%70.1%-0.8%0.3%6.9M-648.7M-2.8M0.3810.39N/AN/A61,05723,353518,785224,798
2021-03-22$27.62$30.0062.9%17.9%69.1%3.7%63.9%-1.1%-0.5%6.7M-479.2M-2.6M0.2017.05N/AN/A36,0197,377402,202163,495
2021-03-23$26.54$29.0062.6%18.0%70.6%3.4%65.9%-0.1%2.4%5.9M-418.7M-2.5M0.3714.40N/AN/A62,29523,102414,948165,523
2021-03-24$27.20$30.0061.7%18.0%64.8%2.7%63.5%-0.4%3.4%7.6M-473.7M-2.7M0.399.92N/AN/A24,1389,456449,246182,920
2021-03-25$26.70$30.0063.5%18.5%62.5%4.1%66.8%0.6%2.6%6.7M-432.5M-2.7M0.309.45N/AN/A30,9679,147453,424187,130
2021-03-26$27.43$30.0063.1%18.1%63.3%3.8%64.2%0.0%-1.1%8.3M-488.9M-2.8M0.3314.46N/AN/A35,55611,634461,001190,405
2021-03-29$27.05$30.0064.8%18.4%62.7%5.1%65.9%-0.6%0.3%7.3M-456.6M-2.7M0.1729.68N/AN/A40,5966,752439,406188,374
2021-03-30$27.38$30.0064.4%17.7%62.5%4.8%62.7%-1.8%2.4%9.0M-503.6M-2.9M0.5413.73N/AN/A17,8819,574463,792191,439
2021-03-31$26.78$30.0061.8%16.7%61.8%3.0%60.6%-0.3%2.6%7.8M-445.9M-2.8M0.2510.49N/AN/A18,7254,710469,090196,711