OXY Options History — January 2026

In January 2026, OXY traded between $41.09 and $45.44. ATM implied volatility averaged 31.8%, placing in the 14.4% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded below realized volatility by 2.5% (HV 20d: 34.3%). Max pain ranged from $41.50 to $42.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.40.

Notable Days

  • 2026-01-14: Highest Volume — 141,022 contracts
  • 2026-01-20: Largest IV spike — 9.4% change
  • 2026-01-29: Highest IV Rank — 22.5%
  • 2026-01-29: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.28$41.09$45.44$42.45$45.27
Max Pain$42.45$41.50$42.50$41.50$42.50
ATM IV31.8%26.8%35.7%26.8%35.2%
Expected Move9.5%7.6%10.7%7.6%10.7%
HV 20d34.3%31.9%38.0%32.0%32.1%
HV 60d28.1%26.2%28.8%27.6%28.0%
IV Rank14.4%5.3%22.5%5.3%21.4%
IV Percentile49.9%9.5%86.9%9.5%83.7%
Term Structure0.3%-2.7%2.7%0.4%-0.1%
VWIV33.5%26.6%38.2%26.6%38.2%
Skew 25d0.6%-0.4%1.6%-0.2%-0.3%
Skew 10d2.2%-0.9%8.2%0.3%3.6%
Call IV 25d32.1%27.4%36.5%27.4%36.3%
Put IV 25d32.7%27.3%36.1%27.3%36.0%
Bid-Ask Spread %34.3316.2651.2821.0938.50
Gamma HHI0.130.080.270.150.16
Net GEX37.0M2.2M61.7M45.7M43.5M
Net DEX-411.1M-784.8M-89.2M-509.7M-549.1M
Net VEX-6.1M-6.5M-5.8M-6.2M-6.5M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.121.110.330.40
Total Volume70,132.427,400141,022113,21293,267
Total OI945,445.4761,4551,111,3451,058,575846,851

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$42.45$41.5026.8%7.6%32.0%5.3%26.6%-0.2%0.4%45.7M-509.7M-6.2M0.3321.09N/AN/A85,43627,776679,392379,183
2026-01-05$41.28$42.5029.1%8.7%33.4%8.7%31.4%-0.1%0.7%25.0M-149.6M-5.9M0.3828.52N/AN/A60,24522,635670,526366,511
2026-01-06$41.78$42.5029.5%9.0%33.8%9.5%32.2%0.4%-0.7%35.3M-250.8M-6.0M0.4819.90N/AN/A25,57412,369681,922369,842
2026-01-07$41.09$42.5029.8%9.2%32.8%10.0%32.6%1.6%-0.0%21.6M-98.0M-5.8M0.3736.32N/AN/A20,0087,392682,940372,319
2026-01-08$43.29$42.5030.6%9.2%37.7%11.9%32.4%-0.1%-0.4%54.1M-626.9M-6.2M0.4829.75N/AN/A70,55033,685689,977376,068
2026-01-09$42.79$42.5030.4%9.2%38.0%11.4%32.2%0.5%1.0%59.6M-466.2M-6.1M0.2424.23N/AN/A82,76119,869703,977385,209
2026-01-12$42.72$42.5030.5%9.1%37.6%11.6%32.5%1.1%1.7%46.7M-402.3M-6.0M1.1116.26N/AN/A18,81320,804675,809363,917
2026-01-13$43.20$42.5031.2%9.3%37.7%13.1%32.7%1.1%1.2%52.7M-543.4M-6.1M0.4143.62N/AN/A57,79323,812678,131372,534
2026-01-14$44.16$42.5032.1%9.6%36.9%15.1%34.2%1.4%0.9%49.7M-784.8M-6.2M0.1746.81N/AN/A120,05920,963688,621380,394
2026-01-15$43.33$42.5030.6%9.3%36.0%11.8%32.9%0.7%2.6%61.7M-542.1M-6.2M0.5735.65N/AN/A56,69932,189715,609394,805
2026-01-16$42.72$42.5029.8%9.1%33.1%10.2%32.2%0.7%2.7%53.9M-359.6M-6.0M0.5039.84N/AN/A37,26518,494705,930405,415
2026-01-20$42.14$42.5032.6%9.4%31.9%16.2%34.0%0.8%-0.3%2.2M-89.2M-5.8M0.1550.24N/AN/A53,2057,896451,737309,718
2026-01-21$43.38$42.5033.4%9.6%33.2%18.0%33.7%0.7%-0.2%22.0M-295.2M-6.1M0.3034.92N/AN/A25,3067,646462,467313,841
2026-01-22$43.18$42.5033.3%9.6%33.1%17.4%33.8%1.2%-1.5%24.4M-252.2M-6.0M0.8542.66N/AN/A27,42323,194468,900315,590
2026-01-23$44.18$42.5033.6%9.8%33.8%18.0%34.0%-0.1%-2.7%22.7M-454.5M-6.2M0.1225.20N/AN/A78,5409,394473,664335,673
2026-01-26$44.00$42.5033.7%9.8%33.8%18.2%35.2%0.2%0.1%20.3M-348.1M-6.1M0.5528.60N/AN/A20,80711,410463,997309,804
2026-01-27$44.47$42.5034.0%9.9%33.6%18.8%35.2%0.8%0.4%25.1M-412.3M-6.2M0.2134.79N/AN/A25,3525,296470,305316,730
2026-01-28$44.75$42.5033.6%10.2%33.4%18.0%35.6%1.5%0.9%31.3M-465.2M-6.3M0.2551.28N/AN/A43,14910,659483,408319,486
2026-01-29$45.44$42.5035.7%10.7%32.5%22.5%38.1%-0.4%0.4%43.3M-622.5M-6.5M0.1738.37N/AN/A72,29412,619504,734322,972
2026-01-30$45.27$42.5035.2%10.7%32.1%21.4%38.2%-0.3%-0.1%43.5M-549.1M-6.5M0.4038.50N/AN/A66,45526,812520,284326,567