OXY Options History — February 2024

In February 2024, OXY traded between $57.00 and $60.80. ATM implied volatility averaged 25.0%, placing in the 14.1% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 3.9% (HV 20d: 21.1%). Max pain ranged from $57.50 to $60.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.65.

Notable Days

  • 2024-02-15: Highest Volume — 233,278 contracts
  • 2024-02-15: Largest IV drop — 12.6% change
  • 2024-02-05: Highest IV Rank — 27.7%
  • 2024-02-05: Largest Expected Move — 8.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.92$57.00$60.80$57.33$60.70
Max Pain$57.98$57.50$60.00$57.50$60.00
ATM IV25.0%21.7%28.5%28.3%21.7%
Expected Move7.1%6.1%8.0%7.9%6.1%
HV 20d21.1%15.9%25.3%20.1%23.4%
HV 60d20.9%19.4%22.4%20.5%22.2%
IV Rank14.1%1.1%27.7%27.1%1.1%
IV Percentile23.1%0.4%46.0%45.2%0.4%
Term Structure-0.3%-0.8%0.3%-0.3%0.2%
VWIV25.1%21.5%28.4%28.1%21.5%
Skew 25d0.8%-0.1%1.6%1.1%0.7%
Skew 10d1.1%-1.2%3.0%1.1%1.4%
Call IV 25d24.8%21.3%28.0%27.9%21.4%
Put IV 25d25.6%22.1%29.3%29.1%22.1%
Bid-Ask Spread %2.742.164.554.502.34
Gamma HHI0.100.070.180.070.11
Net GEX1.9M-31.9M37.2M-6.9M26.9M
Net DEX-112.9M-695.9M278.6M115.9M-349.3M
Net VEX-9.0M-9.5M-8.2M-8.4M-9.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.291.160.570.36
Total Volume82,782.439,777233,27852,24339,777
Total OI1,040,521.95938,9141,159,738958,8821,080,769

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$57.33$57.5028.3%7.9%20.1%27.1%28.1%1.1%-0.3%-6.9M115.9M-8.4M0.574.50N/AN/A33,31318,930457,148501,734
2024-02-02$57.09$57.5027.9%8.0%18.1%25.3%28.0%0.8%0.0%-31.9M161.1M-8.3M0.792.39N/AN/A38,54230,374466,156506,898
2024-02-05$57.00$57.5028.5%8.0%18.1%27.7%28.2%1.3%-0.7%-14.5M167.9M-8.2M0.622.57N/AN/A42,70426,364439,226499,688
2024-02-06$57.69$57.5027.3%7.7%18.3%23.0%27.1%1.0%-0.3%-7.0M32.9M-8.3M1.162.76N/AN/A48,07455,761450,047514,639
2024-02-07$57.55$57.5026.9%7.6%17.8%21.6%26.6%0.9%-0.4%-12.7M128.0M-8.8M0.922.71N/AN/A27,60125,380466,742552,264
2024-02-08$58.16$57.5026.4%7.5%17.6%19.6%26.6%0.5%-0.5%-4.6M-12.0M-8.9M0.992.16N/AN/A27,02526,842476,584566,331
2024-02-09$57.28$57.5026.8%7.6%18.4%21.1%26.6%-0.1%-0.8%-28.6M228.3M-8.9M0.592.22N/AN/A43,44225,689482,092578,368
2024-02-12$58.06$57.5026.6%7.6%18.1%20.4%26.7%0.1%-0.4%-15.9M51.5M-8.9M0.902.42N/AN/A43,11238,766462,915564,711
2024-02-13$57.53$57.5027.5%7.9%16.3%23.9%27.9%0.8%-0.6%-24.6M231.6M-9.2M0.732.56N/AN/A32,90324,090474,971588,426
2024-02-14$57.30$57.5027.6%7.9%15.9%24.4%28.4%1.1%-0.5%-26.8M278.6M-9.2M0.732.89N/AN/A68,62949,867488,182598,924
2024-02-15$59.95$57.5024.1%6.9%22.3%10.8%24.8%-0.1%0.1%37.0M-513.5M-9.3M0.332.68N/AN/A175,42857,850520,330625,800
2024-02-16$60.80$57.5023.0%6.6%22.5%6.4%23.3%0.5%0.3%37.2M-695.9M-9.2M0.502.51N/AN/A108,31453,858526,698633,040
2024-02-20$59.31$57.5023.8%6.9%24.7%9.4%24.3%1.6%-0.5%-1.5M-89.4M-9.4M0.454.55N/AN/A75,08733,547460,017543,214
2024-02-21$60.41$57.5023.5%6.7%25.3%8.1%23.4%1.2%-0.2%19.5M-382.5M-9.4M0.592.56N/AN/A46,38627,362486,110560,285
2024-02-22$60.39$57.5022.6%6.4%25.2%4.6%22.4%0.9%-0.1%20.5M-369.4M-9.4M0.293.06N/AN/A42,07612,341493,035559,177
2024-02-23$60.11$58.0022.0%6.2%25.1%2.2%21.8%1.2%-0.2%34.6M-318.3M-9.2M0.822.45N/AN/A39,03631,933492,514562,730
2024-02-26$60.66$59.0021.9%6.2%25.2%1.8%21.9%1.0%0.1%9.8M-328.0M-9.2M0.702.83N/AN/A48,77434,090462,886551,376
2024-02-27$60.73$60.0021.7%6.2%25.1%1.3%21.8%1.0%-0.5%16.4M-350.2M-9.4M0.532.33N/AN/A29,82815,822478,835573,348
2024-02-28$60.30$60.0022.2%6.3%24.7%3.0%22.3%0.8%-0.4%11.0M-244.5M-9.5M0.352.39N/AN/A41,94914,782487,583576,646
2024-02-29$60.70$60.0021.7%6.1%23.4%1.1%21.5%0.7%0.2%26.9M-349.3M-9.5M0.362.34N/AN/A29,19810,579500,506580,263