OXY Options History — September 2025

In September 2025, OXY traded between $45.24 and $47.95. ATM implied volatility averaged 30.3%, placing in the 15.1% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 4.1% (HV 20d: 26.1%). Max pain ranged from $42.50 to $45.00. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 0.84.

Notable Days

  • 2025-09-16: Highest Volume — 95,179 contracts
  • 2025-09-15: Largest IV spike — 4.8% change
  • 2025-09-03: Highest IV Rank — 20.0%
  • 2025-09-24: Largest Expected Move — 9.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.57$45.24$47.95$47.95$47.11
Max Pain$44.17$42.50$45.00$45.00$45.00
ATM IV30.3%29.0%31.5%29.0%31.5%
Expected Move8.7%8.3%9.0%8.4%9.0%
HV 20d26.1%18.9%30.5%18.9%28.6%
HV 60d29.6%28.6%30.9%29.9%28.7%
IV Rank15.1%11.7%20.0%18.1%16.2%
IV Percentile42.6%34.1%52.4%34.5%52.4%
Term Structure0.0%-0.8%1.4%-0.1%0.5%
VWIV31.6%29.2%38.3%29.8%31.8%
Skew 25d1.8%1.0%2.6%2.6%2.1%
Skew 10d5.9%2.7%15.5%13.3%4.0%
Call IV 25d29.9%28.2%31.3%28.2%30.5%
Put IV 25d31.7%30.3%32.7%30.8%32.7%
Bid-Ask Spread %24.424.1640.3328.0726.87
Gamma HHI0.110.090.160.100.10
Net GEX13.3M-797.1K34.6M17.8M17.2M
Net DEX-243.9M-461.6M19.7M-435.4M-347.8M
Net VEX-6.4M-6.7M-6.0M-6.2M-6.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.203.510.700.76
Total Volume48,70324,79495,17940,63449,018
Total OI981,920.714863,0211,065,718979,152885,054

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-09-02$47.95$45.0029.0%8.4%18.9%18.1%29.8%2.6%-0.1%17.8M-435.4M-6.2M0.7028.07N/AN/A23,84516,789500,815478,337
2025-09-03$46.22$45.0030.0%8.8%24.1%20.0%31.4%2.6%-0.4%6.1M-151.0M-6.2M0.6132.07N/AN/A23,70314,485503,458486,364
2025-09-04$46.59$45.0029.2%8.3%23.6%18.4%29.3%1.9%0.3%12.0M-207.8M-6.2M1.0319.94N/AN/A14,01614,439510,470493,940
2025-09-05$45.69$45.0029.1%8.6%23.0%14.5%30.2%2.1%-0.1%3.5M-61.3M-6.1M0.714.16N/AN/A24,71017,453515,502501,843
2025-09-08$45.24$42.5029.7%8.6%23.3%15.7%33.7%2.1%0.3%-797.1K19.7M-6.0M1.734.57N/AN/A17,04729,494502,166497,781
2025-09-09$45.27$42.5030.7%8.6%23.1%15.1%31.3%2.3%-0.8%390.8K9.7M-6.1M0.314.41N/AN/A49,62815,193506,430511,570
2025-09-10$46.16$42.5030.3%8.8%24.0%14.0%33.4%2.0%0.3%8.9M-145.5M-6.2M1.0236.28N/AN/A27,82328,386509,988517,014
2025-09-11$45.96$42.5029.5%8.5%23.7%12.3%33.7%1.7%0.3%8.0M-104.3M-6.3M3.515.57N/AN/A16,24256,943517,072537,943
2025-09-12$45.80$42.5029.2%8.4%23.8%11.7%29.2%1.4%0.3%8.1M-106.2M-6.1M0.4611.15N/AN/A16,9787,816521,571528,672
2025-09-15$45.48$42.5030.6%8.8%23.9%14.6%30.6%1.7%-0.6%4.4M-72.9M-6.1M0.3234.17N/AN/A20,3916,611509,638513,156
2025-09-16$47.78$42.5031.2%8.9%29.0%15.9%32.0%1.7%-0.5%22.7M-450.5M-6.3M0.2535.30N/AN/A76,32118,858520,223515,027
2025-09-17$47.30$45.0030.3%8.7%29.2%13.9%30.6%1.4%0.0%24.3M-420.9M-6.6M0.4840.33N/AN/A19,8779,488542,625516,735
2025-09-18$47.39$45.0030.6%8.7%29.1%14.6%30.9%1.8%-0.5%27.5M-440.2M-6.5M0.7336.11N/AN/A17,63412,870545,538517,418
2025-09-19$46.31$45.0029.8%8.5%30.5%12.9%30.9%1.8%0.3%11.0M-247.1M-6.4M0.4339.82N/AN/A47,15320,287547,047518,671
2025-09-22$46.03$45.0030.4%8.7%28.9%14.1%31.1%1.5%-0.0%7.5M-175.4M-6.4M0.3430.08N/AN/A25,4078,745457,949405,072
2025-09-23$46.53$45.0030.9%9.0%29.0%15.2%31.7%1.6%0.1%11.5M-262.0M-6.6M0.4425.51N/AN/A38,18716,860470,751409,898
2025-09-24$46.84$45.0031.3%9.0%28.9%15.8%31.6%1.7%0.0%16.1M-310.2M-6.7M0.7025.43N/AN/A22,66315,881485,193419,477
2025-09-25$46.90$45.0031.2%9.0%27.7%15.7%38.3%1.0%-0.1%17.7M-319.4M-6.7M1.7825.05N/AN/A17,36630,994490,389419,381
2025-09-26$47.53$45.0030.0%8.6%27.9%13.1%30.4%1.1%-0.1%34.6M-431.6M-6.7M0.2025.52N/AN/A50,31410,075495,865411,568
2025-09-29$47.95$45.0030.9%9.0%28.1%14.9%31.8%1.6%1.4%21.9M-461.6M-6.6M1.2022.50N/AN/A33,14339,630482,715400,009
2025-09-30$47.11$45.0031.5%9.0%28.6%16.2%31.8%2.1%0.5%17.2M-347.8M-6.5M0.7626.87N/AN/A27,91621,102493,911391,143