OXY Options History — September 2023

In September 2023, OXY traded between $62.83 and $67.25. ATM implied volatility averaged 25.3%, placing in the 8.5% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 1.6% (HV 20d: 26.9%). Max pain ranged from $62.00 to $63.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.54.

Notable Days

  • 2023-09-05: Highest Volume — 124,126 contracts
  • 2023-09-21: Largest IV spike — 7.6% change
  • 2023-09-26: Highest IV Rank — 18.2%
  • 2023-09-26: Largest Expected Move — 8.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$65.03$62.83$67.25$64.60$64.91
Max Pain$62.58$62.00$63.00$62.00$63.00
ATM IV25.3%21.9%29.0%21.9%28.6%
Expected Move7.3%5.6%8.4%5.6%8.0%
HV 20d26.9%23.0%31.5%23.0%31.5%
HV 60d24.8%22.5%26.7%22.5%26.5%
IV Rank8.5%0.0%18.2%0.0%17.0%
IV Percentile10.0%0.0%24.6%0.0%23.4%
Term Structure0.3%-0.4%1.0%0.8%0.8%
VWIV25.6%20.5%29.9%20.5%28.5%
Skew 25d2.1%1.5%2.8%1.6%2.5%
Skew 10d3.7%2.9%4.6%2.9%4.0%
Call IV 25d24.6%21.3%28.6%21.3%27.7%
Put IV 25d26.7%22.9%30.8%22.9%30.2%
Bid-Ask Spread %2.011.482.432.322.23
Gamma HHI0.080.070.120.090.07
Net GEX16.2M-7.7M48.5M16.4M8.0M
Net DEX-1.04B-1.51B-610.6M-1.05B-960.2M
Net VEX-7.4M-7.8M-6.6M-6.7M-7.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.280.830.490.69
Total Volume64,634.5529,970124,12678,78959,445
Total OI928,896.9849,862995,306871,513956,769

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$64.60$62.0021.9%5.6%23.0%0.0%20.5%1.6%0.8%16.4M-1.05B-6.7M0.492.32N/AN/A52,72926,060433,053438,460
2023-09-05$66.16$62.5023.4%7.0%24.4%3.7%24.2%1.7%0.3%22.5M-1.22B-6.6M0.281.89N/AN/A96,80827,318419,229430,633
2023-09-06$65.50$62.5024.1%7.1%24.7%5.5%25.2%1.6%-0.0%25.8M-1.20B-7.2M0.351.64N/AN/A63,79922,289466,973462,929
2023-09-07$64.59$62.5023.3%6.9%25.3%3.5%23.9%2.0%0.3%20.0M-955.7M-7.3M0.521.83N/AN/A35,67318,585464,683467,152
2023-09-08$65.37$62.5022.5%6.7%25.5%1.5%22.9%1.5%0.5%23.3M-1.13B-7.2M0.641.90N/AN/A53,26334,335467,230470,917
2023-09-11$63.83$62.5023.7%6.7%24.0%4.4%24.0%2.3%-0.3%9.4M-837.5M-7.2M0.571.73N/AN/A44,04925,157451,662465,492
2023-09-12$66.41$62.5023.8%6.7%27.8%4.7%24.3%2.2%-0.4%35.5M-1.33B-7.2M0.591.71N/AN/A58,95835,076462,552476,495
2023-09-13$66.13$62.5024.0%7.1%26.1%5.3%24.8%2.1%0.9%30.4M-1.26B-7.3M0.581.80N/AN/A34,03619,597469,092488,541
2023-09-14$67.25$62.5023.2%6.7%25.9%3.2%23.6%1.9%0.0%48.5M-1.51B-7.1M0.441.48N/AN/A52,41122,837486,705493,378
2023-09-15$66.27$62.5023.7%6.8%26.7%4.6%24.3%1.7%-0.2%21.6M-1.30B-7.4M0.381.80N/AN/A46,81217,751493,872501,434
2023-09-18$66.18$62.5024.3%7.0%26.3%6.2%24.7%1.9%0.3%19.2M-1.16B-7.4M0.312.20N/AN/A48,02514,881440,925445,275
2023-09-19$65.84$62.5024.4%7.0%26.4%6.3%25.1%2.1%0.3%20.1M-1.10B-7.4M0.582.25N/AN/A30,42117,543451,378451,638
2023-09-20$64.44$62.5025.5%7.3%27.2%9.2%25.4%2.2%0.1%6.8M-870.9M-7.6M0.582.15N/AN/A25,58014,743461,805461,672
2023-09-21$62.83$62.5027.5%7.9%27.9%14.2%27.0%2.4%0.2%-7.7M-610.6M-7.7M0.642.16N/AN/A36,76923,689467,260469,213
2023-09-22$62.89$62.5027.2%7.8%27.8%13.5%26.9%2.5%0.1%-4.0M-628.7M-7.7M0.542.27N/AN/A24,95913,500477,809468,702
2023-09-25$63.14$63.0027.8%8.0%27.7%15.1%28.0%2.5%0.5%-2.3M-689.7M-7.6M0.682.12N/AN/A17,86312,107450,782462,386
2023-09-26$63.00$62.5029.0%8.4%27.7%18.2%28.9%2.8%0.5%-2.1M-678.4M-7.7M0.602.13N/AN/A19,21411,532457,336466,491
2023-09-27$65.55$63.0028.9%8.3%30.9%17.9%29.9%1.9%0.5%14.5M-1.09B-7.7M0.422.23N/AN/A59,10224,570460,299471,323
2023-09-28$65.81$63.0028.5%8.1%30.9%16.9%29.0%2.3%1.0%18.3M-1.14B-7.8M0.832.43N/AN/A28,02023,185469,996476,397
2023-09-29$64.91$63.0028.6%8.0%31.5%17.0%28.5%2.5%0.8%8.0M-960.2M-7.8M0.692.23N/AN/A35,12624,319473,588483,181