OXY Options History — May 2023

In May 2023, OXY traded between $57.02 and $61.34. ATM implied volatility averaged 33.3%, placing in the 4.5% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 6.4% (HV 20d: 26.9%). Max pain ranged from $60.00 to $62.50. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.79.

Notable Days

  • 2023-05-10: Highest Volume — 144,096 contracts
  • 2023-05-05: Largest IV drop — 10.3% change
  • 2023-05-04: Highest IV Rank — 13.7%
  • 2023-05-04: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.88$57.02$61.34$61.34$57.72
Max Pain$60.66$60.00$62.50$62.50$60.00
ATM IV33.3%29.7%38.7%34.3%31.9%
Expected Move9.7%8.5%11.6%10.2%9.4%
HV 20d26.9%22.6%29.6%27.5%25.2%
HV 60d31.2%29.5%33.6%33.4%29.5%
IV Rank4.5%0.0%13.7%3.7%5.5%
IV Percentile5.2%0.0%19.4%4.4%2.4%
Term Structure0.3%-0.7%1.1%0.7%-0.7%
VWIV34.1%29.8%40.3%36.2%32.6%
Skew 25d4.7%4.0%5.7%4.8%5.2%
Skew 10d9.2%7.9%10.8%9.4%9.4%
Call IV 25d31.4%28.2%36.5%31.8%30.0%
Put IV 25d36.1%32.5%42.2%36.7%35.1%
Bid-Ask Spread %3.031.934.073.953.78
Gamma HHI0.080.060.140.060.08
Net GEX-10.2M-29.2M3.2M-1.3M-15.9M
Net DEX-240.5M-481.3M94.5M-481.3M-120.1M
Net VEX-7.5M-7.9M-7.3M-7.7M-7.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.790.401.471.000.64
Total Volume57,760.59117,377144,09637,82852,189
Total OI1,015,755.591916,1751,092,023970,849968,547

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$61.34$62.5034.3%10.2%27.5%3.7%36.2%4.8%0.7%-1.3M-481.3M-7.7M1.003.95N/AN/A18,94118,887499,142471,707
2023-05-02$59.98$62.5036.1%11.0%22.6%7.9%38.8%5.5%0.5%-8.7M-298.9M-7.7M0.883.21N/AN/A32,64428,690508,227483,856
2023-05-03$58.99$62.0037.4%11.5%22.8%10.6%38.2%5.1%0.1%-13.0M-172.0M-7.6M1.473.25N/AN/A19,44528,514516,944496,147
2023-05-04$58.64$62.5038.7%11.6%22.6%13.7%40.3%5.7%0.5%-15.8M-129.4M-7.7M0.733.36N/AN/A27,58520,262521,425499,293
2023-05-05$60.70$62.5034.7%10.5%25.6%4.6%36.0%4.7%1.1%-2.6M-457.0M-7.9M0.693.47N/AN/A46,35431,994530,788504,533
2023-05-08$59.08$62.5036.2%10.5%26.4%8.1%36.8%5.0%0.1%-12.1M-230.9M-7.6M0.832.27N/AN/A40,62933,564511,704484,875
2023-05-09$59.13$60.0036.4%10.4%26.1%8.5%36.8%4.8%-0.4%-11.4M-239.1M-7.7M0.683.29N/AN/A43,68629,547529,234503,304
2023-05-10$57.02$60.0035.0%10.1%28.1%5.3%35.3%4.6%0.0%-26.1M94.5M-7.4M1.133.29N/AN/A67,53776,559546,327517,834
2023-05-11$57.58$60.0034.1%10.0%28.6%3.4%35.2%4.2%1.0%-18.5M-56.3M-7.4M0.634.07N/AN/A44,37328,174559,303524,088
2023-05-12$58.00$60.0033.4%9.7%29.0%1.8%34.0%4.6%0.7%-29.2M-111.2M-7.5M0.872.44N/AN/A26,97623,391562,353529,670
2023-05-15$58.38$60.0032.6%9.4%28.4%0.0%32.7%4.3%-0.2%-12.7M-175.8M-7.3M0.722.14N/AN/A26,25619,016525,649506,771
2023-05-16$58.03$60.0032.8%9.4%28.4%0.4%32.4%5.0%-0.2%-10.5M-153.2M-7.4M1.311.93N/AN/A16,24821,284538,534512,156
2023-05-17$58.91$60.0030.2%8.7%29.1%0.0%32.3%4.6%0.7%-6.9M-288.6M-7.4M0.662.33N/AN/A28,23018,603542,049522,658
2023-05-18$58.39$60.0030.7%8.8%29.0%1.2%29.8%4.5%-0.2%-11.1M-195.0M-7.4M0.892.05N/AN/A23,74421,090541,926524,265
2023-05-19$59.20$60.0029.8%8.5%29.6%0.0%30.7%4.0%0.2%3.2M-341.9M-7.4M0.402.04N/AN/A95,84838,772547,586531,053
2023-05-22$59.14$60.0029.7%8.6%28.5%0.0%30.7%4.3%1.0%-4.7M-341.8M-7.4M0.673.04N/AN/A18,85012,616449,023467,152
2023-05-23$59.89$60.0030.5%8.8%27.5%2.1%31.3%4.7%0.7%2.7M-461.6M-7.7M0.473.30N/AN/A25,33911,884462,080478,794
2023-05-24$59.25$60.0032.1%9.4%27.0%6.1%33.5%4.3%0.0%67.0K-372.1M-7.7M0.663.89N/AN/A10,4866,891482,981492,310
2023-05-25$58.70$60.0032.3%9.3%27.0%6.6%33.1%4.8%0.6%-10.6M-255.4M-7.6M0.403.15N/AN/A36,76414,864492,961501,107
2023-05-26$58.89$60.0031.1%8.8%26.0%3.5%30.9%4.2%0.8%-8.0M-285.9M-7.6M0.902.41N/AN/A23,68221,232499,594506,037
2023-05-30$58.50$60.0032.1%9.2%26.0%6.1%31.6%4.8%-0.7%-11.6M-217.2M-7.4M0.673.99N/AN/A23,46415,629462,795489,841
2023-05-31$57.72$60.0031.9%9.4%25.2%5.5%32.6%5.2%-0.7%-15.9M-120.1M-7.3M0.643.78N/AN/A31,74420,445471,168497,379