OXY Options History — April 2025

In April 2025, OXY traded between $35.53 and $49.29. ATM implied volatility averaged 47.9%, placing in the 63.7% IV rank vs the trailing year. The 30-day expected move averaged 14.1%. IV traded below realized volatility by 32.1% (HV 20d: 80.0%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 5 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.82.

Notable Days

2025-04-09: Highest Volume — 153,709 contracts
2025-04-03: Largest IV spike — 44.0% change
2025-04-03: Highest IV Rank — 100.0%
2025-04-08: Largest Expected Move — 20.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.24	$35.53	$49.29	$49.19	$39.23
Max Pain	$46.90	$45.00	$50.00	$50.00	$45.00
ATM IV	47.9%	28.0%	71.5%	29.1%	44.7%
Expected Move	14.1%	8.7%	20.8%	8.9%	14.1%
HV 20d	80.0%	25.7%	96.2%	28.0%	95.2%
HV 60d	54.1%	30.9%	61.5%	31.0%	61.2%
IV Rank	63.7%	40.2%	100.0%	56.6%	49.3%
IV Percentile	94.5%	64.7%	100.0%	72.2%	95.2%
Term Structure	-0.5%	-4.3%	3.0%	-1.0%	-1.1%
VWIV	48.9%	32.6%	68.1%	34.1%	50.3%
Skew 25d	7.3%	-5.7%	16.1%	2.5%	6.1%
Skew 10d	12.6%	-15.8%	41.8%	6.7%	12.1%
Call IV 25d	44.4%	26.6%	68.5%	26.8%	41.8%
Put IV 25d	51.7%	29.3%	80.1%	29.3%	47.9%
Bid-Ask Spread %	10.15	4.97	18.50	14.33	8.25
Gamma HHI	0.09	0.06	0.25	0.08	0.06
Net GEX	-1.8M	-7.9M	12.0M	11.1M	-6.2M
Net DEX	513.1M	-45.2M	805.3M	-28.1M	546.1M
Net VEX	-5.7M	-6.7M	-4.6M	-6.7M	-5.7M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.37	1.71	0.80	0.63
Total Volume	67,947.476	19,473	153,709	21,359	48,078
Total OI	989,020.095	842,998	1,105,784	842,998	1,004,644

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
2025-04-01	$49.19	$50.00	29.1%	8.9%	28.0%	56.6%	34.1%	2.5%	-1.0%	11.1M	-28.1M	-6.7M	0.80	14.33	N/A	N/A	11,845	9,514	487,968	355,030
2025-04-02	$49.29	$50.00	28.0%	8.7%	25.7%	50.3%	32.6%	3.0%	2.4%	12.0M	-45.2M	-6.7M	0.71	9.90	N/A	N/A	11,413	8,060	491,720	361,015
2025-04-03	$43.97	$50.00	40.3%	11.6%	49.2%	100.0%	41.0%	4.8%	3.0%	-7.6M	511.5M	-5.9M	0.94	5.74	N/A	N/A	62,468	58,766	496,227	362,430
2025-04-04	$40.72	$50.00	56.8%	16.4%	53.8%	100.0%	60.2%	10.3%	1.9%	-6.8M	680.4M	-5.7M	1.00	10.57	N/A	N/A	64,476	64,780	517,768	384,683
2025-04-07	$38.65	$50.00	62.2%	18.4%	56.0%	100.0%	60.8%	-5.7%	2.4%	-5.6M	711.4M	-5.3M	0.69	6.45	N/A	N/A	75,682	52,512	519,072	387,674
2025-04-08	$35.53	$47.50	71.5%	20.8%	61.8%	100.0%	68.1%	11.6%	0.1%	-5.2M	805.3M	-4.6M	1.16	7.14	N/A	N/A	60,348	70,229	551,236	405,073
2025-04-09	$40.78	$47.50	49.3%	14.1%	81.8%	58.1%	51.3%	7.7%	-0.7%	-3.5M	562.9M	-5.9M	0.70	9.10	N/A	N/A	90,591	63,118	573,689	429,847
2025-04-10	$35.91	$47.50	69.4%	19.5%	92.4%	95.9%	63.0%	16.1%	-0.7%	-7.9M	803.3M	-5.0M	1.01	7.44	N/A	N/A	49,696	49,947	609,754	464,150
2025-04-11	$37.59	$47.50	58.1%	16.2%	93.6%	74.7%	56.5%	13.7%	-4.3%	-5.2M	695.2M	-5.6M	0.37	5.78	N/A	N/A	52,988	19,352	631,060	474,724
2025-04-14	$38.08	$47.50	51.2%	14.6%	93.3%	61.6%	49.9%	10.1%	-0.9%	-5.3M	680.7M	-5.5M	0.72	12.24	N/A	N/A	35,276	25,280	613,981	447,865
2025-04-15	$37.75	$47.50	47.6%	13.6%	93.2%	54.8%	47.0%	8.9%	-1.0%	-5.6M	663.1M	-5.3M	0.50	10.98	N/A	N/A	28,074	14,066	626,671	446,025
2025-04-16	$38.33	$45.00	51.2%	14.7%	93.1%	61.7%	45.9%	9.1%	-2.5%	-2.2M	565.5M	-5.7M	1.37	18.50	N/A	N/A	34,401	47,196	638,129	446,131
2025-04-17	$39.95	$45.00	44.3%	12.7%	95.0%	48.6%	43.7%	7.6%	-1.1%	11.5M	432.6M	-6.0M	0.49	10.05	N/A	N/A	42,839	21,001	644,922	446,285
2025-04-21	$38.86	$45.00	48.3%	14.2%	95.2%	56.0%	48.8%	8.5%	-1.1%	-2.7M	527.2M	-5.6M	0.39	13.34	N/A	N/A	23,828	9,223	571,509	396,481
2025-04-22	$40.05	$45.00	45.2%	13.4%	96.2%	50.3%	44.0%	9.8%	-1.3%	41.3K	446.8M	-5.9M	0.52	11.29	N/A	N/A	30,033	15,628	582,556	400,471
2025-04-23	$39.77	$45.00	44.9%	13.4%	95.4%	49.7%	45.7%	4.8%	-1.3%	-485.5K	464.8M	-5.8M	0.51	14.59	N/A	N/A	27,328	13,863	591,640	403,900
2025-04-24	$40.39	$45.00	42.1%	12.8%	95.4%	44.5%	50.2%	6.9%	-1.2%	521.1K	421.3M	-6.0M	1.71	8.49	N/A	N/A	17,036	29,050	597,537	408,641
2025-04-25	$40.28	$45.00	41.5%	12.6%	95.4%	43.3%	42.9%	6.2%	-1.9%	-2.0M	426.7M	-5.9M	1.06	11.44	N/A	N/A	18,994	20,220	602,088	417,333
2025-04-28	$40.53	$45.00	39.9%	12.3%	95.6%	40.2%	42.8%	5.9%	-1.3%	-3.2M	440.3M	-5.9M	0.78	4.97	N/A	N/A	15,171	11,860	574,788	409,056
2025-04-29	$40.28	$45.00	40.9%	12.8%	95.1%	42.1%	47.9%	5.3%	0.3%	-3.5M	463.8M	-5.8M	1.08	12.54	N/A	N/A	10,906	11,761	582,883	412,766
2025-04-30	$39.23	$45.00	44.7%	14.1%	95.2%	49.3%	50.3%	6.1%	-1.1%	-6.2M	546.1M	-5.7M	0.63	8.25	N/A	N/A	29,520	18,558	585,053	419,591