OXY Options History — March 2025

In March 2025, OXY traded between $45.23 and $49.85. ATM implied volatility averaged 30.9%, placing in the 66.2% IV rank vs the trailing year. The 30-day expected move averaged 9.6%. IV traded below realized volatility by 6.3% (HV 20d: 37.2%). Max pain ranged from $47.50 to $50.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.71.

Notable Days

2025-03-03: Highest Volume — 91,578 contracts
2025-03-24: Largest IV drop — 15.8% change
2025-03-11: Highest IV Rank — 98.2%
2025-03-10: Largest Expected Move — 11.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$47.46	$45.23	$49.85	$45.91	$49.55
Max Pain	$49.79	$47.50	$50.00	$50.00	$50.00
ATM IV	30.9%	25.3%	36.8%	32.4%	28.5%
Expected Move	9.6%	8.5%	11.8%	10.0%	8.8%
HV 20d	37.2%	28.4%	40.6%	37.7%	28.4%
HV 60d	31.0%	30.4%	31.7%	30.7%	31.1%
IV Rank	66.2%	36.1%	98.2%	74.6%	53.7%
IV Percentile	79.1%	44.0%	99.2%	93.3%	68.7%
Term Structure	-0.3%	-1.2%	1.3%	0.2%	1.3%
VWIV	33.6%	29.9%	41.2%	35.3%	30.9%
Skew 25d	2.0%	0.6%	4.8%	0.6%	3.1%
Skew 10d	2.7%	-12.0%	11.7%	-12.0%	5.0%
Call IV 25d	30.4%	25.2%	36.4%	32.7%	27.0%
Put IV 25d	32.4%	27.4%	41.1%	33.3%	30.1%
Bid-Ask Spread %	14.82	3.73	28.30	21.78	12.02
Gamma HHI	0.11	0.08	0.14	0.10	0.08
Net GEX	321.5K	-17.5M	25.9M	-14.9M	10.8M
Net DEX	196.4M	-191.7M	552.4M	501.7M	-73.3M
Net VEX	-6.7M	-7.0M	-6.3M	-6.3M	-6.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.28	1.61	0.92	0.66
Total Volume	54,315.762	27,432	91,578	91,578	39,965
Total OI	947,111.333	813,773	1,017,066	939,670	836,126

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-03-03	$45.91	$50.00	32.4%	10.0%	37.7%	74.6%	35.3%	0.6%	0.2%	-14.9M	501.7M	-6.3M	0.92	21.78	N/A	N/A	47,747	43,831	548,803	390,867
2025-03-04	$46.84	$50.00	31.8%	9.6%	38.3%	71.3%	34.1%	0.6%	0.5%	-11.1M	376.7M	-6.7M	1.23	22.44	N/A	N/A	33,140	40,891	565,614	408,520
2025-03-05	$45.58	$50.00	32.2%	9.8%	38.2%	73.4%	34.5%	1.5%	-0.6%	-17.5M	552.4M	-6.4M	0.93	21.36	N/A	N/A	44,346	41,070	570,750	428,518
2025-03-06	$45.60	$50.00	35.1%	10.6%	38.2%	89.1%	37.2%	1.0%	-1.2%	-14.7M	522.5M	-6.6M	0.76	23.82	N/A	N/A	28,069	21,470	583,598	432,814
2025-03-07	$47.28	$50.00	33.0%	9.8%	40.4%	77.6%	34.6%	1.5%	-0.6%	-8.2M	272.3M	-7.0M	0.68	16.12	N/A	N/A	48,640	32,933	587,238	429,828
2025-03-10	$47.23	$50.00	36.1%	11.8%	40.4%	94.0%	40.8%	4.8%	-0.0%	-4.3M	249.6M	-7.0M	0.32	21.86	N/A	N/A	36,829	11,731	567,401	420,210
2025-03-11	$46.27	$50.00	36.8%	11.8%	38.5%	98.2%	41.2%	0.9%	-1.1%	-7.8M	354.9M	-6.8M	0.49	21.86	N/A	N/A	23,120	11,376	575,920	416,922
2025-03-12	$46.26	$50.00	34.1%	10.5%	38.4%	83.4%	37.1%	1.8%	-1.1%	-10.4M	371.8M	-6.6M	1.32	28.30	N/A	N/A	19,393	25,692	580,331	418,122
2025-03-13	$45.23	$48.00	34.8%	10.7%	38.5%	87.3%	38.1%	1.5%	-0.6%	-15.6M	471.7M	-6.4M	1.10	28.30	N/A	N/A	23,251	25,508	585,793	400,959
2025-03-14	$46.48	$47.50	31.0%	8.8%	39.9%	66.9%	30.9%	1.9%	-0.3%	928.3K	302.7M	-6.5M	0.49	20.24	N/A	N/A	36,340	17,725	591,003	404,158
2025-03-17	$47.41	$50.00	30.2%	9.1%	40.6%	62.7%	32.2%	1.8%	-0.5%	-3.5M	175.2M	-6.6M	0.49	3.73	N/A	N/A	31,628	15,439	571,597	389,058
2025-03-18	$47.47	$50.00	31.4%	9.3%	39.7%	69.0%	33.1%	2.3%	-0.6%	-308.0K	158.5M	-6.7M	0.45	6.54	N/A	N/A	18,978	8,454	585,737	395,691
2025-03-19	$48.37	$50.00	29.5%	8.9%	37.3%	58.7%	31.2%	2.0%	-0.9%	11.8M	7.0M	-6.8M	0.54	10.86	N/A	N/A	26,398	14,242	588,278	398,475
2025-03-20	$48.02	$50.00	29.2%	9.0%	36.2%	57.2%	31.2%	2.4%	-1.0%	4.9M	89.7M	-6.6M	0.74	4.90	N/A	N/A	28,187	20,750	593,023	402,746
2025-03-21	$47.92	$50.00	30.0%	9.0%	34.5%	61.5%	31.2%	2.5%	-1.2%	8.2M	80.8M	-6.6M	0.31	4.43	N/A	N/A	38,675	11,833	603,156	406,769
2025-03-24	$47.95	$50.00	25.3%	8.6%	34.3%	36.1%	30.0%	2.3%	0.8%	5.4M	103.4M	-6.5M	0.52	11.58	N/A	N/A	37,080	19,312	467,706	346,067
2025-03-25	$49.16	$50.00	26.3%	8.5%	34.9%	41.8%	29.9%	2.1%	0.4%	17.8M	-79.9M	-6.7M	0.57	4.64	N/A	N/A	36,061	20,572	482,995	351,165
2025-03-26	$49.85	$50.00	26.4%	8.6%	35.1%	42.4%	30.2%	2.7%	0.3%	24.2M	-191.7M	-6.9M	0.28	5.17	N/A	N/A	43,633	12,258	490,965	352,692
2025-03-27	$49.54	$50.00	26.4%	8.5%	35.1%	42.0%	29.9%	2.0%	-0.2%	25.9M	-135.2M	-6.8M	1.61	11.28	N/A	N/A	22,297	35,838	496,911	356,595
2025-03-28	$48.70	$50.00	27.8%	9.1%	35.7%	49.7%	31.2%	2.6%	0.2%	5.0M	13.5M	-6.7M	0.50	9.94	N/A	N/A	30,672	15,257	500,501	365,716
2025-03-31	$49.55	$50.00	28.5%	8.8%	28.4%	53.7%	30.9%	3.1%	1.3%	10.8M	-73.3M	-6.7M	0.66	12.02	N/A	N/A	24,102	15,863	478,649	357,477