OXY Options History — December 2023

In December 2023, OXY traded between $55.64 and $61.58. ATM implied volatility averaged 23.2%, placing in the 7.0% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 3.3% (HV 20d: 19.9%). Max pain ranged from $52.50 to $62.50. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 0.95.

Notable Days

  • 2023-12-14: Highest Volume — 153,808 contracts
  • 2023-12-20: Largest IV spike — 5.2% change
  • 2023-12-26: Highest IV Rank — 12.4%
  • 2023-12-12: Largest Expected Move — 6.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.65$55.64$61.58$58.91$59.66
Max Pain$58.27$52.50$62.50$62.50$60.00
ATM IV23.2%21.4%24.6%21.4%22.9%
Expected Move6.6%6.0%6.9%6.0%6.2%
HV 20d19.9%15.1%23.5%17.8%22.9%
HV 60d26.7%23.8%28.1%28.1%23.8%
IV Rank7.0%0.0%12.4%0.0%5.7%
IV Percentile6.4%0.0%17.5%0.0%5.2%
Term Structure0.5%0.1%0.8%0.5%0.8%
VWIV23.5%21.6%25.3%21.6%21.9%
Skew 25d0.9%0.0%1.9%0.9%0.7%
Skew 10d0.9%-1.3%2.5%1.1%1.2%
Call IV 25d23.2%21.1%24.8%21.1%22.4%
Put IV 25d24.1%21.9%25.4%21.9%23.1%
Bid-Ask Spread %2.281.433.322.042.36
Gamma HHI0.110.060.300.300.07
Net GEX-17.4M-79.8M27.9M-79.8M-9.1M
Net DEX-17.6M-568.6M712.6M42.4M-146.9M
Net VEX-7.3M-7.8M-6.8M-6.9M-7.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.532.050.941.41
Total Volume83,672.742,996153,80884,38160,566
Total OI1,039,638.35967,8371,076,8891,050,1621,056,748

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-12-01$58.91$62.5021.4%6.0%17.8%0.0%21.6%0.9%0.5%-79.8M42.4M-6.9M0.942.04N/AN/A43,45840,923510,729539,433
2023-12-04$57.84$52.5022.4%6.7%18.5%4.1%23.7%1.5%0.6%-40.3M144.0M-6.9M0.692.01N/AN/A43,13929,685504,017522,714
2023-12-05$57.39$52.5022.8%6.7%17.9%5.5%24.4%1.4%0.6%-45.6M257.8M-6.8M0.572.19N/AN/A30,16417,076512,611540,521
2023-12-06$56.45$52.5023.7%6.8%16.7%8.9%25.3%1.7%0.6%-46.0M407.2M-6.8M0.912.03N/AN/A43,43239,370525,961548,365
2023-12-07$56.27$60.0024.0%6.8%15.1%10.1%24.8%1.7%0.2%-43.5M712.6M-6.9M0.781.91N/AN/A51,60040,270488,375562,710
2023-12-08$56.45$60.0023.2%6.6%15.2%6.9%23.3%1.5%0.5%-39.4M589.4M-7.0M1.031.75N/AN/A31,10732,031500,246559,118
2023-12-11$56.97$60.0022.7%6.6%15.6%5.2%23.6%1.9%0.1%-39.3M394.9M-7.0M1.423.32N/AN/A35,04149,735473,748535,610
2023-12-12$55.64$60.0023.2%6.9%16.2%7.0%23.0%1.6%0.7%-41.7M637.5M-6.9M1.001.43N/AN/A62,77662,963483,669545,296
2023-12-13$57.09$57.5022.7%6.5%19.4%5.1%22.6%1.4%0.1%-30.3M231.1M-7.2M2.051.91N/AN/A45,37992,818508,583542,928
2023-12-14$58.73$57.5022.6%6.6%22.5%4.7%23.3%0.0%0.6%-11.0M-164.7M-7.3M0.581.76N/AN/A97,50156,307507,301541,010
2023-12-15$58.33$57.5022.9%6.6%21.6%6.1%23.6%0.1%0.1%-13.2M-78.7M-7.4M0.771.93N/AN/A47,60236,586524,073552,816
2023-12-18$59.00$57.5023.2%6.6%21.2%6.9%23.6%0.3%0.7%-5.0M-211.8M-7.4M0.633.19N/AN/A51,77232,425459,691508,146
2023-12-19$60.16$57.5022.6%6.5%22.5%4.6%22.7%0.0%0.8%11.8M-444.5M-7.5M0.662.39N/AN/A57,38338,050481,947518,305
2023-12-20$60.27$58.0023.8%6.8%22.3%9.2%23.9%0.3%0.7%16.3M-465.8M-7.7M0.853.06N/AN/A50,71942,863492,651532,094
2023-12-21$60.30$60.0023.9%6.8%22.0%9.9%24.3%0.4%0.5%16.9M-430.4M-7.7M0.562.49N/AN/A27,58015,416495,845537,591
2023-12-22$60.80$60.0023.7%6.7%22.2%9.0%24.5%0.2%0.4%27.9M-551.0M-7.7M0.532.31N/AN/A71,36437,661503,180544,374
2023-12-26$61.58$60.0024.6%6.8%22.5%12.4%24.6%0.6%0.2%13.9M-568.6M-7.8M0.632.49N/AN/A28,54518,001483,453544,101
2023-12-27$61.02$60.0024.0%6.7%22.8%10.3%22.4%0.3%0.5%13.0M-457.9M-7.8M1.702.62N/AN/A18,67331,705496,027553,316
2023-12-28$60.11$60.0023.7%6.5%23.5%9.0%23.2%0.7%0.6%-3.4M-249.4M-7.5M1.342.31N/AN/A26,37035,398500,011555,453
2023-12-29$59.66$60.0022.9%6.2%22.9%5.7%21.9%0.7%0.8%-9.1M-146.9M-7.4M1.412.36N/AN/A25,14235,424501,833554,915