XOM Options History — May 2025

In May 2025, XOM traded between $101.88 and $110.14. ATM implied volatility averaged 24.5%, placing in the 21.5% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded below realized volatility by 7.9% (HV 20d: 32.4%). Max pain ranged from $105.00 to $110.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.77.

Notable Days

  • 2025-05-14: Highest Volume — 175,912 contracts
  • 2025-05-12: Largest IV drop — 11.8% change
  • 2025-05-01: Highest IV Rank — 32.2%
  • 2025-05-01: Largest Expected Move — 10.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$105.54$101.88$110.14$106.36$101.88
Max Pain$108.33$105.00$110.00$105.00$105.00
ATM IV24.5%21.5%28.2%28.2%23.9%
Expected Move7.2%6.1%10.1%10.1%6.8%
HV 20d32.4%19.9%58.8%58.8%19.9%
HV 60d39.4%38.2%40.2%39.6%38.2%
IV Rank21.5%13.5%32.2%32.2%17.5%
IV Percentile74.4%49.2%90.9%90.9%69.8%
Term Structure-0.2%-1.3%0.4%-1.1%0.1%
VWIV24.4%20.7%34.6%34.6%23.2%
Skew 25d3.5%2.5%4.9%4.9%2.9%
Skew 10d7.4%-3.0%22.4%22.4%5.4%
Call IV 25d23.1%20.1%27.5%27.5%22.4%
Put IV 25d26.5%23.2%32.4%32.4%25.3%
Bid-Ask Spread %20.678.3734.4332.9418.41
Gamma HHI0.090.080.120.080.10
Net GEX27.6M-22.5M120.6M13.5M-22.5M
Net DEX81.5M-889.9M678.7M50.4M678.7M
Net VEX-14.9M-15.7M-13.7M-15.5M-13.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.770.161.790.820.69
Total Volume77,538.85750,320175,91261,02571,855
Total OI1,033,261.381969,6091,108,932991,8401,056,899

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$106.36$105.0028.2%10.1%58.8%32.2%34.6%4.9%-1.1%13.5M50.4M-15.5M0.8232.9433,48427,541594,167397,673
2025-05-02$106.35$105.0027.3%9.3%56.2%29.8%31.4%4.5%-0.7%2.2M95.0M-15.3M0.6034.4375,50845,328605,925409,320
2025-05-05$103.41$110.0026.6%7.4%51.5%27.9%26.5%4.5%-0.2%-14.6M606.5M-14.2M0.4923.2540,58719,935601,122396,922
2025-05-06$105.29$110.0026.5%7.5%50.8%27.4%25.8%4.0%-0.0%10.4M219.0M-14.8M0.5510.1538,65521,270611,057402,860
2025-05-07$104.54$110.0026.1%7.5%49.5%26.4%26.7%4.0%0.4%284.9K377.8M-14.7M0.5127.4043,48322,298617,207407,222
2025-05-08$106.80$110.0025.2%7.4%43.3%23.8%26.4%3.7%0.2%44.7M-175.3M-15.5M0.7615.6728,52121,799636,945421,483
2025-05-09$107.38$110.0024.6%7.3%32.3%22.3%25.0%3.7%0.1%61.8M-285.4M-15.3M0.8315.1136,59630,271639,246428,974
2025-05-12$109.04$110.0021.7%6.2%27.9%14.2%22.2%3.3%-0.0%82.5M-610.7M-15.1M0.6632.3931,29320,743625,093425,589
2025-05-13$110.14$110.0021.5%6.1%28.0%13.5%21.4%2.5%-0.1%120.6M-889.9M-15.2M0.258.3767,84916,940633,267431,534
2025-05-14$108.54$110.0022.8%6.4%28.6%17.0%22.0%2.7%-0.4%76.8M-422.1M-14.9M0.1622.50151,15424,758641,821434,167
2025-05-15$108.27$110.0023.1%6.3%28.6%17.9%20.9%3.0%-1.3%78.1M-336.4M-15.7M1.4629.8444,12164,356643,575447,615
2025-05-16$108.19$110.0022.3%6.2%26.2%15.7%22.1%3.2%-0.9%74.5M-405.2M-15.7M0.8731.3131,67527,690655,449453,483
2025-05-19$106.37$110.0023.1%6.6%25.4%18.0%22.5%3.3%-0.0%32.5M-55.3M-15.0M1.0414.6731,19732,569574,171395,438
2025-05-20$104.92$110.0023.6%6.8%22.6%19.4%22.6%3.4%-0.2%15.1M200.2M-14.8M0.6414.1142,59327,055584,542398,914
2025-05-21$104.06$110.0025.2%7.2%22.4%23.9%24.6%3.6%-0.1%3.5M342.8M-15.1M0.6223.2339,38724,303601,554408,022
2025-05-22$103.25$110.0025.1%7.2%22.0%23.2%20.7%3.2%0.0%-11.1M488.8M-14.7M1.7912.5038,19368,543610,970408,665
2025-05-23$103.18$105.0025.3%7.3%22.0%23.8%24.1%3.4%-0.1%-9.0M393.7M-14.7M0.4720.0840,87419,039624,764405,011
2025-05-27$103.56$105.0024.0%7.0%22.0%18.5%24.8%3.3%0.4%20.0M309.1M-14.3M0.7918.5736,32528,844605,166398,718
2025-05-28$102.16$105.0024.4%7.1%22.4%19.6%23.8%2.8%-0.1%-5.5M606.1M-13.9M0.8711.2740,61635,177614,025407,711
2025-05-29$102.65$105.0023.9%7.0%20.3%18.5%21.1%3.0%-0.1%4.9M523.7M-14.1M1.3317.8636,79449,097622,538419,665
2025-05-30$101.88$105.0023.9%6.8%19.9%17.5%23.2%2.9%0.1%-22.5M678.7M-13.7M0.6918.4142,47929,376633,090423,809