OXY Options History — May 2021

In May 2021, OXY traded between $23.88 and $27.43. ATM implied volatility averaged 55.1%, placing in the 3.2% IV rank vs the trailing year. The 30-day expected move averaged 15.8%. IV traded above realized volatility by 1.8% (HV 20d: 53.2%). Max pain ranged from $23.00 to $27.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.26.

Notable Days

  • 2021-05-12: Highest Volume — 116,934 contracts
  • 2021-05-12: Largest IV spike — 8.6% change
  • 2021-05-12: Highest IV Rank — 12.9%
  • 2021-05-04: Largest Expected Move — 18.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.68$23.88$27.43$26.24$25.94
Max Pain$25.10$23.00$27.00$23.00$25.00
ATM IV55.1%48.9%62.2%56.6%48.9%
Expected Move15.8%13.2%18.0%17.0%13.2%
HV 20d53.2%42.4%60.8%42.4%56.5%
HV 60d55.9%54.0%58.8%58.7%54.3%
IV Rank3.2%0.0%12.9%3.9%0.0%
IV Percentile3.1%0.0%13.1%2.8%0.0%
Term Structure0.6%-1.6%4.0%0.1%1.0%
VWIV56.2%46.6%66.0%59.9%46.6%
Skew 25d0.2%-2.1%5.7%0.5%-1.6%
Skew 10d1.4%-3.6%9.1%1.4%-3.6%
Call IV 25d56.8%51.5%61.9%57.5%51.5%
Put IV 25d57.0%49.8%64.9%58.0%49.8%
Bid-Ask Spread %3.922.447.225.882.56
Gamma HHI0.140.100.370.120.37
Net GEX12.9M6.4M27.9M13.1M27.9M
Net DEX-469.2M-675.2M-272.2M-525.0M-488.9M
Net VEX-3.0M-3.1M-2.7M-3.0M-3.1M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.260.150.450.200.30
Total Volume60,017.0528,107116,93436,98433,314
Total OI763,507.9610,191868,624734,821688,083

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$26.24$23.0056.6%17.0%42.4%3.9%59.9%0.5%0.1%13.1M-525.0M-3.0M0.205.88N/AN/A30,7346,250522,767212,054
2021-05-04$25.79$23.0059.2%18.0%42.9%8.1%66.0%-1.5%-0.1%12.4M-492.6M-3.0M0.367.22N/AN/A20,6697,438532,888215,509
2021-05-05$26.94$23.0056.6%17.8%45.4%3.9%64.7%-0.3%-0.1%15.8M-617.3M-3.1M0.154.91N/AN/A48,8317,159539,872220,303
2021-05-06$26.62$27.0057.6%16.5%44.4%5.4%58.1%-1.0%-0.8%16.2M-578.3M-3.1M0.344.05N/AN/A32,05911,037546,951222,130
2021-05-07$27.43$27.0054.9%15.8%45.2%1.1%55.9%-0.6%4.0%14.3M-675.2M-3.0M0.344.06N/AN/A37,53412,914547,769224,086
2021-05-10$26.82$27.0057.1%16.0%45.8%4.8%56.7%-2.1%-1.2%13.4M-572.4M-3.0M0.394.24N/AN/A43,95117,299528,025222,538
2021-05-11$24.59$27.0057.3%16.4%56.2%5.0%58.0%1.3%0.7%8.3M-325.9M-2.8M0.184.14N/AN/A91,59416,642547,559234,527
2021-05-12$25.10$25.0062.2%17.3%54.3%12.9%61.3%4.0%1.7%11.6M-415.6M-2.9M0.155.95N/AN/A101,49615,438573,751239,629
2021-05-13$23.88$25.0058.6%16.8%56.6%7.0%59.8%-0.7%0.1%6.4M-272.2M-2.7M0.192.84N/AN/A72,77613,979586,983242,956
2021-05-14$24.99$25.0053.5%15.2%58.4%0.0%53.9%5.7%-1.6%14.0M-392.4M-2.9M0.454.35N/AN/A56,91425,888606,268243,942
2021-05-17$26.22$25.0055.6%15.9%60.8%3.2%56.6%0.2%0.0%12.9M-518.0M-2.9M0.332.44N/AN/A58,31119,052558,991238,959
2021-05-18$26.18$25.0055.3%15.9%56.9%2.8%55.8%-0.2%1.2%14.0M-521.5M-2.9M0.153.23N/AN/A56,8148,392572,751251,111
2021-05-19$25.09$25.0057.1%16.4%57.0%5.6%58.4%0.2%1.2%10.6M-415.1M-2.9M0.254.79N/AN/A40,78310,395593,330253,426
2021-05-20$25.09$25.0053.7%15.3%57.0%0.2%55.3%0.2%1.4%11.4M-415.0M-2.9M0.213.28N/AN/A41,1428,828602,169254,691
2021-05-21$25.22$25.0052.4%14.8%56.7%0.0%53.1%0.3%2.0%9.4M-452.5M-3.0M0.283.44N/AN/A42,34011,662610,660257,964
2021-05-24$25.49$25.0051.7%14.6%56.8%0.0%52.5%0.2%0.1%9.5M-420.2M-3.0M0.212.86N/AN/A50,41410,615442,672167,519
2021-05-25$24.69$25.0052.0%14.6%57.9%0.4%51.6%0.1%0.8%9.0M-356.6M-2.9M0.222.84N/AN/A31,1626,909462,627174,243
2021-05-26$25.38$25.0051.8%14.4%56.7%0.2%50.4%0.1%1.4%11.7M-429.5M-3.0M0.172.63N/AN/A34,9846,046477,677179,090
2021-05-27$25.96$25.0049.7%13.8%57.2%0.0%49.0%-0.9%0.3%15.6M-500.7M-3.1M0.352.72N/AN/A43,51015,066492,848180,840
2021-05-28$25.94$25.0048.9%13.2%56.5%0.0%46.6%-1.6%1.0%27.9M-488.9M-3.1M0.302.56N/AN/A25,6317,683498,869189,214