OXY Options History — November 2025

In November 2025, OXY traded between $39.97 and $42.81. ATM implied volatility averaged 31.8%, placing in the 16.8% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 6.8% (HV 20d: 25.0%). Max pain ranged from $42.50 to $42.50. Net GEX was positive for 9 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.56.

Notable Days

2025-11-11: Highest Volume — 97,394 contracts
2025-11-11: Largest IV drop — 10.1% change
2025-11-06: Highest IV Rank — 25.7%
2025-11-05: Largest Expected Move — 10.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.46	$39.97	$42.81	$40.91	$42.03
Max Pain	$42.50	$42.50	$42.50	$42.50	$42.50
ATM IV	31.8%	26.4%	36.0%	33.6%	26.4%
Expected Move	9.3%	7.7%	10.9%	10.6%	7.7%
HV 20d	25.0%	20.7%	29.1%	28.3%	21.0%
HV 60d	30.2%	29.4%	30.8%	29.8%	29.5%
IV Rank	16.8%	5.5%	25.7%	20.6%	5.5%
IV Percentile	51.8%	8.7%	86.9%	67.1%	8.7%
Term Structure	-0.5%	-2.8%	2.0%	2.0%	1.1%
VWIV	32.8%	27.5%	38.3%	37.7%	27.6%
Skew 25d	1.2%	-0.6%	4.2%	-0.0%	2.4%
Skew 10d	2.8%	-0.7%	7.3%	1.6%	4.8%
Call IV 25d	31.5%	25.8%	35.3%	34.2%	25.8%
Put IV 25d	32.8%	28.3%	36.6%	34.2%	28.3%
Bid-Ask Spread %	31.77	12.95	51.38	30.25	45.87
Gamma HHI	0.10	0.09	0.12	0.10	0.10
Net GEX	362.3K	-9.8M	14.9M	-5.2M	14.2M
Net DEX	104.9M	-145.9M	310.4M	205.2M	1.7M
Net VEX	-6.5M	-6.8M	-6.1M	-6.6M	-6.2M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.29	1.26	0.52	0.33
Total Volume	43,685.053	23,994	97,394	32,935	27,554
Total OI	1,033,027.316	929,658	1,088,863	1,000,493	974,642

Daily Data (19 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
2025-11-03	$40.91	$42.50	33.6%	10.6%	28.3%	20.6%	37.7%	-0.0%	2.0%	-5.2M	205.2M	-6.6M	0.52	30.25	N/A	N/A	21,644	11,291	589,854	410,639
2025-11-04	$40.13	$42.50	33.9%	10.8%	28.7%	21.3%	38.2%	0.5%	1.1%	-8.9M	305.2M	-6.4M	0.29	30.00	N/A	N/A	45,139	13,094	596,060	416,766
2025-11-05	$39.97	$42.50	33.9%	10.9%	28.7%	21.1%	38.3%	0.7%	0.8%	-9.8M	310.4M	-6.3M	0.53	47.89	N/A	N/A	18,344	9,704	613,927	421,855
2025-11-06	$40.31	$42.50	36.0%	9.9%	29.1%	25.7%	35.2%	-0.4%	-1.4%	-9.1M	277.4M	-6.5M	0.55	12.95	N/A	N/A	22,042	12,136	619,639	427,564
2025-11-07	$41.14	$42.50	35.6%	10.0%	24.3%	24.8%	35.3%	0.4%	-0.4%	-2.7M	132.6M	-6.7M	0.41	17.14	N/A	N/A	26,221	10,857	625,944	430,991
2025-11-10	$41.64	$42.50	34.9%	9.7%	24.7%	23.4%	36.5%	2.8%	-0.9%	-85.1K	51.9M	-6.8M	0.77	18.81	N/A	N/A	36,481	28,095	605,520	421,993
2025-11-11	$41.91	$42.50	31.4%	8.8%	24.7%	16.0%	30.9%	1.8%	-1.1%	5.0M	1.4M	-6.7M	0.53	30.91	N/A	N/A	63,632	33,762	624,995	428,140
2025-11-12	$42.05	$42.50	30.8%	8.6%	24.6%	14.7%	31.2%	0.7%	-0.6%	5.4M	2.3M	-6.7M	0.57	27.49	N/A	N/A	19,892	11,249	633,176	434,149
2025-11-13	$41.83	$42.50	30.3%	8.7%	22.9%	13.7%	30.8%	0.5%	0.2%	2.7M	45.2M	-6.5M	0.69	15.28	N/A	N/A	23,587	16,238	638,076	438,790
2025-11-14	$42.81	$42.50	30.3%	8.7%	24.2%	13.6%	30.6%	0.4%	0.3%	14.9M	-145.9M	-6.8M	0.46	23.33	N/A	N/A	37,657	17,440	642,887	445,976
2025-11-17	$41.78	$42.50	31.2%	8.9%	26.0%	15.6%	31.8%	0.5%	-1.5%	-1.1M	72.6M	-6.5M	0.70	28.75	N/A	N/A	20,049	13,993	624,576	432,793
2025-11-18	$42.50	$42.50	32.5%	9.3%	26.5%	18.2%	33.1%	1.8%	-2.8%	6.0M	-45.4M	-6.7M	0.68	22.82	N/A	N/A	18,071	12,229	628,686	435,309
2025-11-19	$41.59	$42.50	32.3%	9.3%	26.8%	17.9%	32.9%	1.1%	-2.1%	-2.4M	109.2M	-6.5M	1.26	44.44	N/A	N/A	15,503	19,495	633,898	437,469
2025-11-20	$41.28	$42.50	33.5%	9.7%	24.4%	20.4%	33.8%	-0.6%	-2.3%	-4.9M	158.4M	-6.4M	0.75	13.29	N/A	N/A	24,297	18,137	636,704	440,913
2025-11-21	$41.32	$42.50	31.4%	9.2%	24.2%	16.1%	31.9%	1.4%	-1.0%	-1.8M	179.9M	-6.3M	0.31	47.92	N/A	N/A	52,354	16,349	639,160	440,679
2025-11-24	$41.50	$42.50	30.3%	8.9%	24.1%	13.6%	30.3%	3.1%	-1.0%	446.6K	116.8M	-6.1M	0.44	50.01	N/A	N/A	28,626	12,608	545,176	384,482
2025-11-25	$41.47	$42.50	28.9%	8.4%	20.9%	10.7%	29.6%	2.4%	-0.2%	1.3M	113.1M	-6.2M	0.39	45.13	N/A	N/A	17,259	6,735	557,839	390,600
2025-11-26	$41.57	$42.50	27.0%	8.1%	20.7%	6.8%	27.5%	4.2%	1.4%	3.0M	101.6M	-6.1M	0.39	51.38	N/A	N/A	34,692	13,560	563,865	393,787
2025-11-28	$42.03	$42.50	26.4%	7.7%	21.0%	5.5%	27.6%	2.4%	1.1%	14.2M	1.7M	-6.2M	0.33	45.87	N/A	N/A	20,768	6,786	578,860	395,782