OXY Options History — November 2023

In November 2023, OXY traded between $59.06 and $63.13. ATM implied volatility averaged 25.8%, placing in the 14.3% IV rank vs the trailing year. The 30-day expected move averaged 7.5%. IV traded above realized volatility by 2.5% (HV 20d: 23.3%). Max pain ranged from $62.50 to $65.00. Net GEX was positive for 1 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.80.

Notable Days

  • 2023-11-16: Highest Volume — 83,448 contracts
  • 2023-11-08: Largest IV drop — 9.6% change
  • 2023-11-01: Highest IV Rank — 32.3%
  • 2023-11-01: Largest Expected Move — 9.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.99$59.06$63.13$61.66$59.06
Max Pain$62.62$62.50$65.00$65.00$62.50
ATM IV25.8%22.4%30.9%30.9%22.4%
Expected Move7.5%6.5%9.5%9.5%6.5%
HV 20d23.3%19.5%29.2%28.4%20.2%
HV 60d29.2%28.1%29.8%29.4%28.2%
IV Rank14.3%1.8%32.3%32.3%1.8%
IV Percentile13.0%0.4%34.1%34.1%0.4%
Term Structure0.1%-0.8%1.4%-0.0%0.2%
VWIV26.5%22.9%33.1%33.1%22.9%
Skew 25d1.8%1.1%2.5%2.5%1.3%
Skew 10d2.3%1.2%3.4%3.4%1.6%
Call IV 25d25.3%21.8%30.2%30.2%21.8%
Put IV 25d27.0%23.1%32.7%32.7%23.1%
Bid-Ask Spread %2.361.426.912.182.47
Gamma HHI0.130.090.260.100.12
Net GEX-19.6M-44.4M228.2K-14.1M-44.4M
Net DEX-349.3M-721.8M9.1M-458.6M9.1M
Net VEX-7.1M-7.3M-6.9M-7.3M-6.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.800.491.361.000.52
Total Volume51,118.47623,83283,44829,17873,120
Total OI1,013,135.095956,2731,106,549956,2731,024,461

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$61.66$65.0030.9%9.5%28.4%32.3%33.1%2.5%-0.0%-14.1M-458.6M-7.3M1.002.18N/AN/A14,60014,578472,339483,934
2023-11-02$63.13$62.5030.3%8.8%29.2%30.5%30.5%2.1%0.1%-1.1M-721.8M-7.3M0.932.03N/AN/A25,64523,960479,667489,731
2023-11-03$62.94$62.5029.7%8.6%27.1%28.3%31.6%2.0%0.1%-3.1M-683.2M-7.3M0.782.24N/AN/A27,15521,304493,701503,133
2023-11-06$61.84$62.5029.9%8.5%23.2%29.1%30.3%2.1%-0.1%-10.9M-497.9M-7.2M1.361.74N/AN/A23,16331,404478,724488,596
2023-11-07$60.28$62.5029.6%8.5%24.6%27.9%29.9%1.6%0.0%-26.1M-209.0M-7.1M0.612.60N/AN/A47,25028,785487,663512,175
2023-11-08$61.25$62.5026.8%8.0%25.3%17.5%27.0%1.9%1.0%-18.9M-393.8M-7.0M0.742.13N/AN/A43,91632,707509,723526,066
2023-11-09$60.72$62.5026.9%7.9%25.5%18.2%27.9%1.6%1.0%-27.9M-281.7M-7.0M0.691.57N/AN/A31,32421,690514,363529,371
2023-11-10$60.95$62.5025.7%7.5%24.6%13.9%25.7%1.5%0.7%-20.2M-342.1M-7.1M0.881.68N/AN/A38,72633,897527,256535,487
2023-11-13$61.63$62.5025.5%7.3%24.1%13.9%26.5%2.2%0.2%-13.4M-449.0M-7.2M0.671.42N/AN/A23,64915,879507,852521,911
2023-11-14$61.86$62.5024.6%7.0%24.2%10.3%25.6%2.1%0.3%-5.1M-504.8M-7.1M0.492.06N/AN/A23,31411,383516,567528,777
2023-11-15$61.47$62.5024.5%7.0%23.6%10.0%25.2%1.8%0.3%-8.0M-432.9M-7.0M0.811.77N/AN/A27,76822,401522,608530,828
2023-11-16$60.25$62.5025.4%7.3%24.1%13.6%25.9%1.7%-0.3%-44.4M-186.9M-7.0M0.771.93N/AN/A47,12736,321532,221536,799
2023-11-17$61.16$62.5024.8%7.2%24.4%11.1%24.7%1.8%-0.8%228.2K-400.9M-7.3M0.611.54N/AN/A33,46820,503549,939556,610
2023-11-20$61.38$62.5023.9%6.9%20.3%7.7%24.5%1.7%-0.3%-7.9M-441.0M-7.3M0.642.13N/AN/A27,52317,706467,031493,621
2023-11-21$60.86$62.5023.6%6.8%20.5%6.3%23.9%1.9%-0.3%-16.2M-341.9M-7.2M0.572.04N/AN/A26,51315,120475,149501,012
2023-11-22$60.25$62.5024.1%7.0%20.5%8.2%24.7%1.7%-0.3%-27.5M-209.8M-7.2M0.896.91N/AN/A22,02319,518485,327509,109
2023-11-24$60.17$62.5023.2%6.7%20.4%5.0%24.1%1.4%-0.2%-41.0M-208.3M-7.1M0.661.99N/AN/A14,3709,462489,839518,738
2023-11-27$59.89$62.5022.8%6.8%19.5%3.5%24.5%1.7%0.1%-27.5M-174.5M-7.0M1.022.24N/AN/A22,98623,355471,271503,016
2023-11-28$60.09$62.5023.2%6.7%19.5%4.9%23.9%1.4%1.4%-25.7M-209.3M-7.1M1.173.97N/AN/A15,23017,768479,912514,086
2023-11-29$60.03$62.5023.6%7.0%19.5%6.6%24.8%1.1%-0.0%-27.8M-196.9M-7.1M1.052.90N/AN/A22,83824,039485,108522,116
2023-11-30$59.06$62.5022.4%6.5%20.2%1.8%22.9%1.3%0.2%-44.4M9.1M-6.9M0.522.47N/AN/A47,95425,166492,673531,788