OXY Options History — March 2024

In March 2024, OXY traded between $60.55 and $65.00. ATM implied volatility averaged 20.7%, placing in the 1.6% IV rank vs the trailing year. The 30-day expected move averaged 5.9%. IV traded above realized volatility by 2.1% (HV 20d: 18.6%). Max pain ranged from $60.00 to $62.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 18 of 20 days. Put/call ratio averaged 0.57.

Notable Days

  • 2024-03-01: Highest Volume — 93,520 contracts
  • 2024-03-20: Largest IV drop — 5.8% change
  • 2024-03-07: Highest IV Rank — 4.4%
  • 2024-03-07: Largest Expected Move — 6.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.56$60.55$65.00$61.38$65.00
Max Pain$60.80$60.00$62.50$60.00$62.00
ATM IV20.7%18.5%22.5%21.7%18.8%
Expected Move5.9%5.2%6.6%6.0%5.2%
HV 20d18.6%12.0%23.9%23.3%14.9%
HV 60d20.6%19.7%22.0%22.0%20.0%
IV Rank1.6%0.0%4.4%1.3%1.5%
IV Percentile1.4%0.0%5.6%0.8%0.8%
Term Structure0.3%-1.9%1.7%0.0%0.7%
VWIV21.1%17.0%23.0%21.5%20.3%
Skew 25d0.4%-0.6%1.2%0.2%0.6%
Skew 10d1.1%-1.5%2.6%0.8%1.2%
Call IV 25d20.8%18.7%22.9%21.7%18.7%
Put IV 25d21.3%18.6%23.3%21.8%19.3%
Bid-Ask Spread %3.072.194.162.193.17
Gamma HHI0.120.080.390.090.39
Net GEX30.4M3.1M107.9M17.8M107.9M
Net DEX-612.6M-994.5M-270.1M-554.5M-994.5M
Net VEX-9.3M-9.6M-8.9M-9.5M-8.9M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.311.170.360.79
Total Volume54,024.7532,55393,52093,52066,343
Total OI1,058,441.25975,1761,116,8791,090,1741,051,033

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$61.38$60.0021.7%6.0%23.3%1.3%21.5%0.2%0.0%17.8M-554.5M-9.5M0.362.19N/AN/A68,71924,801506,202583,972
2024-03-04$60.63$60.0022.0%6.4%23.8%2.3%23.0%0.9%0.9%4.7M-288.2M-9.4M0.472.42N/AN/A30,84614,505486,625572,774
2024-03-05$60.55$60.0022.4%6.5%23.8%3.9%22.8%1.1%0.8%3.1M-275.2M-9.5M0.672.84N/AN/A30,35820,439496,460580,242
2024-03-06$61.27$60.0022.5%6.5%23.8%4.1%22.9%0.3%0.3%24.4M-440.9M-9.5M0.312.52N/AN/A55,17117,279500,089591,263
2024-03-07$60.89$60.0022.5%6.6%23.9%4.4%20.8%0.2%0.3%17.4M-331.1M-9.6M0.562.41N/AN/A27,15015,265495,966594,457
2024-03-08$60.72$60.0021.9%6.5%23.8%2.0%22.7%0.3%0.3%20.0M-270.1M-9.6M1.172.75N/AN/A24,35928,442500,662599,792
2024-03-11$61.50$60.0022.3%6.4%23.2%3.5%22.8%0.8%0.0%15.3M-433.8M-9.5M0.652.62N/AN/A29,98919,402475,863591,278
2024-03-12$61.30$60.0021.4%6.2%23.0%0.2%22.0%0.7%0.1%16.3M-394.4M-9.5M0.672.68N/AN/A25,95017,368483,746602,882
2024-03-13$62.09$60.0021.2%6.2%22.8%0.0%21.8%0.2%0.3%31.6M-616.5M-9.4M0.593.40N/AN/A39,43523,449491,191606,753
2024-03-14$62.39$60.0021.3%6.1%22.6%0.5%21.7%0.3%0.2%38.0M-685.5M-9.4M0.313.40N/AN/A43,05613,293496,792611,767
2024-03-15$62.55$60.0020.8%6.0%16.7%0.0%21.4%0.6%0.3%80.2M-733.3M-9.3M0.452.75N/AN/A51,47223,304501,153615,726
2024-03-18$63.23$60.0020.8%6.0%16.4%0.0%21.2%0.8%0.4%18.3M-665.3M-9.3M0.454.16N/AN/A47,24621,098431,492543,684
2024-03-19$63.95$60.0020.4%5.9%13.3%0.0%21.2%0.4%-1.6%29.1M-822.2M-9.2M0.603.48N/AN/A30,89118,651445,181552,404
2024-03-20$63.91$62.0019.2%5.5%12.2%0.0%20.0%0.3%0.4%31.4M-819.3M-9.2M0.544.04N/AN/A28,25115,203453,190560,242
2024-03-21$64.06$62.5019.3%5.5%12.1%0.3%19.7%0.2%0.2%35.2M-847.1M-9.1M0.643.14N/AN/A25,73816,373459,837567,903
2024-03-22$63.83$62.5018.5%5.3%12.0%0.0%19.8%0.1%-1.9%48.9M-786.7M-9.1M0.743.50N/AN/A31,84223,472464,980574,316
2024-03-25$64.57$62.5019.3%5.5%12.2%3.5%20.0%1.2%1.7%30.2M-868.3M-9.0M0.313.50N/AN/A34,16110,454447,855563,794
2024-03-26$63.38$62.5019.3%5.5%14.5%3.5%19.4%0.3%1.4%12.5M-632.4M-9.1M0.533.17N/AN/A22,30411,863460,853567,755
2024-03-27$63.98$62.0018.6%5.2%14.2%0.2%17.0%-0.6%1.0%25.8M-792.2M-9.1M0.673.23N/AN/A19,49913,054467,251571,400
2024-03-28$65.00$62.0018.8%5.2%14.9%1.5%20.3%0.6%0.7%107.9M-994.5M-8.9M0.793.17N/AN/A37,07229,271475,255575,778