OXY Options History — January 2024

In January 2024, OXY traded between $56.14 and $60.72. ATM implied volatility averaged 26.0%, placing in the 18.1% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 4.7% (HV 20d: 21.3%). Max pain ranged from $57.50 to $60.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.81.

Notable Days

  • 2024-01-10: Highest Volume — 111,793 contracts
  • 2024-01-16: Largest IV spike — 10.8% change
  • 2024-01-17: Highest IV Rank — 29.4%
  • 2024-01-31: Largest Expected Move — 8.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$57.79$56.14$60.72$59.94$57.75
Max Pain$59.05$57.50$60.00$60.00$57.50
ATM IV26.0%23.7%28.9%23.9%27.5%
Expected Move7.7%6.6%8.8%6.6%8.8%
HV 20d21.3%18.8%24.5%22.9%20.8%
HV 60d21.4%20.3%23.7%23.7%20.4%
IV Rank18.1%9.1%29.4%9.7%24.0%
IV Percentile29.7%11.5%43.3%13.1%41.7%
Term Structure0.1%-1.3%3.0%0.4%0.1%
VWIV27.1%23.1%30.9%23.1%30.9%
Skew 25d1.4%0.6%2.2%0.9%1.2%
Skew 10d2.3%1.2%4.0%1.2%1.5%
Call IV 25d25.7%23.3%28.0%23.7%27.2%
Put IV 25d27.0%24.4%30.1%24.6%28.4%
Bid-Ask Spread %2.691.963.852.142.70
Gamma HHI0.090.070.120.080.08
Net GEX-21.5M-45.7M14.0M-15.5M1.5M
Net DEX143.1M-383.3M516.0M-188.9M11.5M
Net VEX-7.8M-8.4M-7.3M-7.4M-8.3M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.241.850.870.47
Total Volume72,505.8139,185111,79365,51251,702
Total OI1,022,674848,7101,161,0171,028,969944,408

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$59.94$60.0023.9%6.6%22.9%9.7%23.1%0.9%0.4%-15.5M-188.9M-7.4M0.872.14N/AN/A34,95330,559478,037550,932
2024-01-03$60.72$60.0024.2%6.7%22.1%11.1%23.7%0.6%0.1%3.2M-383.3M-7.4M1.661.98N/AN/A28,97047,975493,588555,716
2024-01-04$59.14$60.0024.4%7.2%24.1%11.8%26.0%0.8%-0.0%-23.9M-21.9M-7.4M0.712.44N/AN/A40,35228,762500,841564,337
2024-01-05$58.84$60.0023.7%7.0%23.3%9.1%25.3%1.1%0.4%-36.9M57.7M-7.4M0.722.91N/AN/A37,58926,946514,619574,052
2024-01-08$58.13$60.0024.1%7.2%23.8%10.6%25.2%1.4%0.7%-33.9M186.9M-7.3M0.893.85N/AN/A38,01033,998489,523565,655
2024-01-09$57.45$60.0024.4%7.2%24.3%11.9%25.4%1.6%0.6%-42.2M301.6M-7.4M0.712.84N/AN/A30,01221,348498,633575,267
2024-01-10$56.78$60.0024.8%7.2%24.5%13.5%25.8%1.5%0.3%-45.7M430.5M-7.4M1.853.14N/AN/A39,21772,576510,811585,750
2024-01-11$57.05$60.0024.3%7.1%22.9%11.3%25.0%1.1%0.5%-39.7M342.5M-7.5M1.033.30N/AN/A35,21136,433527,659595,690
2024-01-12$58.03$60.0025.0%7.7%21.8%14.0%27.1%1.0%3.0%-24.0M123.3M-7.9M0.462.36N/AN/A58,19426,616535,298610,550
2024-01-16$56.72$60.0027.7%8.0%20.8%24.5%28.0%1.6%-0.4%-38.2M381.4M-7.6M1.172.25N/AN/A29,54034,465514,397585,605
2024-01-17$56.14$60.0028.9%8.3%21.0%29.4%26.0%1.8%-1.3%-44.9M516.0M-7.6M1.691.96N/AN/A36,67361,859523,488597,028
2024-01-18$56.52$60.0028.1%8.1%20.6%26.4%28.9%2.2%-0.8%-42.2M379.5M-7.8M1.092.07N/AN/A40,21543,984537,295592,656
2024-01-19$56.33$60.0027.7%8.0%19.0%24.6%29.6%2.0%-0.4%-33.7M428.4M-7.9M0.812.28N/AN/A42,93034,604550,650610,367
2024-01-22$56.73$57.5027.3%8.0%19.2%23.0%28.2%1.7%-0.4%-23.1M304.9M-8.0M0.562.65N/AN/A35,82220,007376,952471,758
2024-01-23$56.75$57.5026.5%7.8%19.2%20.0%27.6%1.6%-0.2%-20.9M298.4M-8.0M0.442.70N/AN/A27,29611,889391,924481,685
2024-01-24$57.28$57.5026.5%7.8%19.3%19.8%27.5%1.7%-0.3%-15.9M175.6M-8.1M0.592.54N/AN/A40,51123,853402,484485,848
2024-01-25$57.95$57.5026.9%8.1%19.2%21.6%28.4%1.3%-0.4%-6.4M22.3M-8.3M0.343.03N/AN/A56,36419,025414,545498,768
2024-01-26$58.31$57.5026.3%7.9%19.3%19.2%27.8%1.3%-0.1%13.7M-89.7M-8.4M0.333.26N/AN/A63,67020,901436,441498,420
2024-01-29$58.00$57.5026.9%8.4%18.8%21.4%29.4%1.3%0.3%3.8M-39.1M-8.3M0.282.92N/AN/A52,55214,957430,401479,421
2024-01-30$58.95$57.5027.1%8.5%19.7%22.2%30.0%1.4%-0.3%14.0M-232.6M-8.3M0.243.15N/AN/A74,06318,019436,670487,985
2024-01-31$57.75$57.5027.5%8.8%20.8%24.0%30.9%1.2%0.1%1.5M11.5M-8.3M0.472.70N/AN/A35,16416,538450,638493,770