OXY Options History — March 2023

In March 2023, OXY traded between $56.67 and $62.38. ATM implied volatility averaged 38.0%, placing in the 9.1% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 2.9% (HV 20d: 35.1%). Max pain ranged from $60.00 to $62.50. Net GEX was positive for 18 of 23 trading days. Term structure was in contango for 13 of 23 days. Put/call ratio averaged 0.62.

Notable Days

  • 2023-03-08: Highest Volume — 167,545 contracts
  • 2023-03-15: Largest IV spike — 17.5% change
  • 2023-03-15: Highest IV Rank — 30.3%
  • 2023-03-15: Largest Expected Move — 13.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.15$56.67$62.38$60.00$62.38
Max Pain$60.63$60.00$62.50$60.00$60.00
ATM IV38.0%33.2%46.9%36.0%33.2%
Expected Move10.8%8.9%13.1%9.9%8.9%
HV 20d35.1%31.5%38.7%38.6%35.3%
HV 60d34.1%32.6%35.7%33.4%34.5%
IV Rank9.1%0.0%30.3%2.7%0.0%
IV Percentile8.5%0.0%32.5%2.4%0.0%
Term Structure0.2%-1.2%1.8%-0.0%1.8%
VWIV37.8%31.9%45.8%35.3%31.9%
Skew 25d4.6%2.4%7.2%2.7%4.1%
Skew 10d9.0%4.8%14.3%5.3%7.7%
Call IV 25d36.1%31.0%44.6%35.3%31.0%
Put IV 25d40.7%35.1%51.0%38.0%35.1%
Bid-Ask Spread %4.972.6910.173.904.10
Gamma HHI0.070.050.150.090.13
Net GEX9.4M-10.7M29.5M16.6M25.9M
Net DEX-528.5M-995.6M9.0M-437.0M-995.6M
Net VEX-7.3M-7.9M-6.9M-6.9M-7.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.331.000.440.61
Total Volume80,363.78350,880167,54572,98968,670
Total OI968,850.826844,7441,072,1811,007,080977,939

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$60.00$60.0036.0%9.9%38.6%2.7%35.3%2.7%-0.0%16.6M-437.0M-6.9M0.443.90N/AN/A50,81422,175577,732429,348
2023-03-02$60.38$61.0035.8%10.0%38.7%2.2%35.1%2.8%-0.3%21.1M-488.6M-6.9M0.533.80N/AN/A41,83822,130578,825434,405
2023-03-03$61.19$61.0034.1%9.3%38.0%0.0%33.3%2.4%0.1%20.8M-639.4M-7.0M0.524.02N/AN/A59,92031,293582,640440,569
2023-03-06$61.59$62.5034.2%9.8%37.6%0.2%34.7%3.1%0.1%10.0M-598.0M-6.9M0.584.02N/AN/A40,05623,301536,391413,157
2023-03-07$60.81$62.5034.5%10.1%37.8%0.9%35.5%2.9%0.0%8.4M-498.9M-6.9M0.8910.17N/AN/A29,30926,059551,395423,938
2023-03-08$61.89$60.0034.8%9.9%34.2%1.4%35.4%2.5%0.1%17.3M-669.1M-7.1M0.434.34N/AN/A117,24950,296555,956432,815
2023-03-09$60.59$60.0036.8%10.7%34.9%5.4%36.6%2.6%-0.5%7.7M-448.0M-7.2M0.784.69N/AN/A52,64741,073575,391445,745
2023-03-10$59.52$62.5038.5%11.0%35.0%9.8%38.0%3.4%-0.4%-8.0M-314.5M-7.1M0.825.25N/AN/A47,81139,305585,819450,402
2023-03-13$59.19$62.5040.5%11.4%31.5%14.3%41.0%5.2%-0.6%-2.2M-290.7M-7.1M0.717.17N/AN/A37,69726,721560,419434,718
2023-03-14$59.88$60.0039.9%11.3%31.9%13.8%39.4%4.9%-0.3%1.9M-408.1M-7.2M0.705.48N/AN/A37,36326,093570,325441,243
2023-03-15$56.67$62.5046.9%13.1%35.2%30.3%45.8%6.4%-1.2%-10.7M9.0M-7.0M0.696.50N/AN/A73,57851,060575,396445,577
2023-03-16$58.97$60.0041.8%11.8%35.1%18.2%42.7%7.1%-0.9%213.4K-318.9M-7.4M0.713.83N/AN/A57,60040,846593,967454,740
2023-03-17$58.47$60.0044.4%12.7%35.1%24.2%44.2%7.2%-0.2%-3.3M-223.7M-7.3M1.004.05N/AN/A38,44638,523603,717468,464
2023-03-20$59.19$60.0041.5%11.9%34.0%17.6%40.9%6.7%0.2%2.1M-481.5M-7.4M0.334.93N/AN/A70,90823,624457,582387,162
2023-03-21$60.45$60.0038.9%11.1%34.7%11.3%39.1%5.2%0.4%18.8M-706.1M-7.6M0.513.16N/AN/A41,00921,096488,151398,871
2023-03-22$59.28$60.0038.6%11.1%33.3%10.8%38.2%5.3%0.6%9.7M-518.9M-7.4M0.417.64N/AN/A37,41615,320488,428408,099
2023-03-23$58.41$60.0041.1%11.8%32.8%16.6%40.2%6.0%-0.4%1.6M-370.3M-7.3M0.686.10N/AN/A30,31720,563494,936413,498
2023-03-24$58.38$60.0039.5%11.3%32.4%12.9%39.3%5.9%0.4%-6.0M-338.2M-7.3M0.365.03N/AN/A55,93720,094501,408424,084
2023-03-27$59.70$60.0036.9%10.5%33.3%6.8%37.1%5.5%0.9%8.9M-555.0M-7.3M0.644.93N/AN/A33,22721,359479,276406,428
2023-03-28$62.13$60.0036.1%10.3%36.1%4.8%36.4%4.2%1.1%19.9M-935.5M-7.5M0.484.80N/AN/A92,45944,637489,775415,886
2023-03-29$62.16$60.0035.2%10.0%35.6%2.6%35.2%4.2%1.2%25.6M-952.0M-7.7M0.692.69N/AN/A41,93328,723508,604424,742
2023-03-30$62.27$60.0034.8%9.5%35.6%1.7%34.4%4.4%1.7%29.5M-976.3M-7.7M0.803.68N/AN/A32,14925,723521,113434,493
2023-03-31$62.38$60.0033.2%8.9%35.3%0.0%31.9%4.1%1.8%25.9M-995.6M-7.9M0.614.10N/AN/A42,53226,138528,419449,520