OXY Options History — January 2023

In January 2023, OXY traded between $60.75 and $66.88. ATM implied volatility averaged 38.3%, placing in the 3.5% IV rank vs the trailing year. The 30-day expected move averaged 11.0%. IV traded above realized volatility by 6.9% (HV 20d: 31.4%). Max pain ranged from $57.50 to $65.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 0.70.

Notable Days

  • 2023-01-18: Highest Volume — 147,139 contracts
  • 2023-01-30: Largest IV spike — 15.3% change
  • 2023-01-03: Highest IV Rank — 13.1%
  • 2023-01-03: Largest Expected Move — 12.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$64.55$60.75$66.88$60.89$64.59
Max Pain$62.75$57.50$65.00$57.50$65.00
ATM IV38.3%34.6%44.5%44.5%40.2%
Expected Move11.0%9.7%12.7%12.7%10.6%
HV 20d31.4%28.9%32.5%31.5%31.8%
HV 60d39.8%39.0%41.3%41.3%40.1%
IV Rank3.5%0.0%13.1%13.1%10.4%
IV Percentile2.2%0.0%9.1%9.1%7.5%
Term Structure1.4%-0.7%4.1%0.8%-0.1%
VWIV39.0%34.7%45.5%45.5%37.3%
Skew 25d4.1%3.3%5.8%5.8%4.4%
Skew 10d8.3%6.1%11.9%11.9%9.1%
Call IV 25d36.7%32.7%42.6%42.6%39.4%
Put IV 25d40.7%36.1%48.3%48.3%43.8%
Bid-Ask Spread %2.732.123.612.872.61
Gamma HHI0.120.060.300.060.08
Net GEX14.4M-11.1M40.2M-7.9M4.4M
Net DEX-904.4M-1.56B-427.5M-458.5M-588.0M
Net VEX-6.4M-6.6M-6.1M-6.4M-6.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.371.381.280.50
Total Volume83,793.4547,048147,13974,54148,094
Total OI1,037,823.7767,1761,212,7511,077,904860,657

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$60.89$57.5044.5%12.7%31.5%13.1%45.5%5.8%0.8%-7.9M-458.5M-6.4M1.282.87N/AN/A32,74841,793514,622563,282
2023-01-04$60.75$57.5043.5%11.9%29.9%11.1%41.7%4.8%0.7%-11.1M-427.5M-6.5M1.382.93N/AN/A26,22736,148525,536579,476
2023-01-05$62.28$62.5040.7%12.2%30.3%5.6%41.8%3.9%1.1%-3.6M-679.8M-6.6M1.022.60N/AN/A49,79250,819532,107585,295
2023-01-06$64.13$62.5039.4%11.7%32.1%3.1%41.5%3.4%1.0%17.8M-1.06B-6.6M0.942.77N/AN/A58,55054,760560,099597,216
2023-01-09$64.03$62.5040.4%12.1%32.0%4.9%43.2%3.7%1.6%11.9M-1.02B-6.6M0.532.57N/AN/A83,36144,333549,364564,127
2023-01-10$64.05$62.5039.9%11.9%31.7%3.9%42.7%3.9%1.7%16.0M-1.03B-6.6M0.532.84N/AN/A35,52618,867577,614573,233
2023-01-11$64.03$62.5040.0%11.6%30.5%4.1%43.0%4.2%0.5%17.0M-1.04B-6.5M0.812.12N/AN/A26,00621,042587,698578,562
2023-01-12$65.75$62.5038.0%11.2%31.9%0.3%39.2%3.3%1.3%40.1M-1.39B-6.6M0.392.31N/AN/A78,83830,521594,476585,620
2023-01-13$65.47$62.5037.1%10.8%31.7%0.0%37.8%3.7%0.9%27.1M-1.29B-6.5M0.642.14N/AN/A37,87524,059604,836594,559
2023-01-17$64.77$62.5037.0%10.6%31.7%0.0%38.7%3.8%0.2%12.7M-1.10B-6.2M0.712.73N/AN/A41,77929,662559,623571,154
2023-01-18$64.52$62.5036.6%10.5%31.5%0.0%37.6%4.8%0.0%17.7M-1.09B-6.2M0.482.51N/AN/A99,17147,968579,812584,580
2023-01-19$65.81$62.5037.2%10.7%32.1%1.0%38.2%4.2%-0.7%21.8M-1.33B-6.3M0.632.42N/AN/A55,66734,974583,672600,590
2023-01-20$66.88$62.5036.1%10.3%32.4%0.0%37.6%4.1%0.1%40.2M-1.56B-6.4M0.652.67N/AN/A61,60440,203595,719617,032
2023-01-23$66.47$62.5035.3%10.1%32.0%0.0%35.4%3.8%3.3%14.7M-706.1M-6.2M0.662.70N/AN/A45,62330,063387,910379,266
2023-01-24$64.35$65.0034.6%9.9%31.8%0.0%34.7%3.8%4.1%4.2M-446.5M-6.1M0.703.09N/AN/A40,27928,005400,282388,972
2023-01-25$64.31$65.0035.1%10.1%29.7%1.0%36.3%4.0%3.9%6.2M-446.2M-6.2M0.373.61N/AN/A69,16825,590413,243405,762
2023-01-26$66.81$65.0034.6%9.8%32.5%0.1%35.8%3.3%3.6%26.2M-971.2M-6.5M0.393.13N/AN/A60,94023,870440,916417,766
2023-01-27$66.66$65.0034.8%9.7%28.9%0.5%34.9%3.4%4.0%30.4M-911.3M-6.5M0.713.14N/AN/A46,47632,922449,691423,959
2023-01-30$64.40$65.0040.1%10.8%31.8%10.3%37.8%5.1%-0.5%2.5M-543.5M-6.4M0.762.95N/AN/A35,47727,069421,027407,119
2023-01-31$64.59$65.0040.2%10.6%31.8%10.4%37.3%4.4%-0.1%4.4M-588.0M-6.6M0.502.61N/AN/A31,99716,097441,016419,641