OXY Options History — February 2026

In February 2026, OXY traded between $43.97 and $53.00. ATM implied volatility averaged 37.2%, placing in the 25.8% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded below realized volatility by 0.1% (HV 20d: 37.3%). Max pain ranged from $42.50 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 4 of 19 days. Put/call ratio averaged 0.36.

Notable Days

  • 2026-02-19: Highest Volume — 227,383 contracts
  • 2026-02-03: Largest IV spike — 10.1% change
  • 2026-02-27: Highest IV Rank — 31.3%
  • 2026-02-04: Largest Expected Move — 12.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.16$43.97$53.00$43.97$53.00
Max Pain$42.63$42.50$45.00$42.50$45.00
ATM IV37.2%35.3%39.8%35.3%39.8%
Expected Move10.7%9.9%12.0%10.8%11.7%
HV 20d37.3%30.6%47.3%32.6%47.3%
HV 60d32.5%28.4%37.2%28.4%37.2%
IV Rank25.8%21.7%31.3%21.7%31.3%
IV Percentile88.2%83.3%90.5%84.9%90.5%
Term Structure-0.6%-2.6%2.8%-0.2%-2.6%
VWIV38.1%35.4%42.4%38.3%41.7%
Skew 25d0.7%-1.3%2.4%1.3%-0.6%
Skew 10d2.5%-4.0%11.8%4.2%5.0%
Call IV 25d37.5%36.2%40.8%36.2%40.8%
Put IV 25d38.3%36.3%40.2%37.5%40.2%
Bid-Ask Spread %32.3615.1446.1537.9031.10
Gamma HHI0.130.080.480.080.48
Net GEX34.8M16.1M94.2M16.1M94.2M
Net DEX-810.4M-1.41B-341.1M-341.1M-1.25B
Net VEX-6.5M-6.8M-6.2M-6.4M-6.8M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.360.131.290.510.13
Total Volume63,267.47419,305227,38322,911114,827
Total OI810,764.632752,282857,304817,209813,254

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$43.97$42.5035.3%10.8%32.6%21.7%38.3%1.3%-0.2%16.1M-341.1M-6.4M0.5137.90N/AN/A15,1657,746501,587315,622
2026-02-03$45.25$42.5038.8%11.6%31.9%29.4%41.5%1.3%-2.6%25.9M-515.9M-6.5M0.2033.22N/AN/A42,8518,409503,247316,938
2026-02-04$46.69$42.5038.6%12.0%33.2%28.8%42.4%0.8%2.8%39.0M-773.3M-6.7M0.3143.40N/AN/A46,61314,223524,242319,813
2026-02-05$45.20$42.5037.4%10.6%35.1%26.3%37.8%0.6%0.3%30.9M-537.6M-6.6M1.2921.39N/AN/A20,59626,616525,660321,938
2026-02-06$46.14$42.5036.9%10.3%31.0%25.1%36.2%-1.3%-0.3%63.2M-673.1M-6.5M0.2726.17N/AN/A60,09016,140525,795331,509
2026-02-09$46.67$42.5037.3%10.1%30.6%26.1%36.0%1.3%-1.7%31.9M-690.0M-6.5M0.3129.98N/AN/A27,6608,709498,961304,667
2026-02-10$46.36$42.5036.1%9.9%30.8%23.5%35.5%1.3%-1.2%31.1M-644.8M-6.4M0.2227.77N/AN/A15,8633,442500,837307,402
2026-02-11$47.20$42.5036.4%9.9%31.1%24.1%35.4%-0.0%-2.1%39.4M-766.2M-6.4M0.2632.21N/AN/A40,87610,626501,821308,563
2026-02-12$45.52$42.5036.9%10.5%33.5%25.2%37.0%1.7%-0.5%22.7M-496.0M-6.3M0.2146.15N/AN/A61,14912,542501,959311,150
2026-02-13$46.05$42.5036.3%10.3%32.7%23.8%36.8%0.3%-0.9%31.1M-612.4M-6.4M0.4415.14N/AN/A28,63012,641508,925315,331
2026-02-17$45.84$42.5036.3%10.3%32.2%23.8%37.1%1.3%-0.6%25.7M-545.6M-6.2M0.4232.58N/AN/A20,5088,660490,272297,576
2026-02-18$47.09$42.5037.5%10.7%32.6%26.4%38.2%1.0%-0.1%31.8M-733.5M-6.3M0.3917.63N/AN/A52,89620,607492,919299,341
2026-02-19$51.85$42.5037.5%10.7%45.3%26.5%39.3%0.8%0.5%27.4M-1.41B-6.3M0.2230.31N/AN/A186,94240,441500,894307,461
2026-02-20$51.61$42.5036.1%10.3%45.3%23.5%37.2%0.5%0.5%32.7M-1.26B-6.4M0.2735.73N/AN/A69,37818,975516,269324,056
2026-02-23$52.38$42.5036.9%10.7%45.0%25.3%38.2%0.9%-0.7%31.1M-1.13B-6.6M0.3935.47N/AN/A48,57418,935476,395275,887
2026-02-24$52.10$42.5037.8%10.8%45.1%27.0%38.3%2.4%-1.1%31.7M-1.08B-6.7M0.3839.95N/AN/A27,98710,562488,859284,534
2026-02-25$50.87$42.5036.9%10.6%46.5%25.2%37.7%-0.5%-0.5%26.7M-937.4M-6.6M0.3234.90N/AN/A25,7988,257501,737288,095
2026-02-26$51.31$42.5037.9%10.9%46.5%27.2%38.6%0.9%-0.8%28.7M-991.5M-6.7M0.3243.93N/AN/A36,59411,554510,123290,889
2026-02-27$53.00$45.0039.8%11.7%47.3%31.3%41.7%-0.6%-2.6%94.2M-1.25B-6.8M0.1331.10N/AN/A101,18313,644519,057294,197