XOM Options History — January 2026

In January 2026, XOM traded between $118.63 and $141.47. ATM implied volatility averaged 23.7%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 2.2% (HV 20d: 25.9%). Max pain ranged from $115.00 to $125.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.47.

Notable Days

  • 2026-01-14: Highest Volume — 248,986 contracts
  • 2026-01-05: Largest IV spike — 11.1% change
  • 2026-01-15: Highest IV Rank — 23.8%
  • 2026-01-29: Largest Expected Move — 7.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$129.87$118.63$141.47$122.32$141.47
Max Pain$118.50$115.00$125.00$115.00$125.00
ATM IV23.7%19.4%25.9%19.4%24.1%
Expected Move6.8%5.0%7.8%5.0%7.2%
HV 20d25.9%18.9%29.1%18.9%25.9%
HV 60d20.2%16.9%21.1%16.9%21.0%
IV Rank17.6%5.3%23.8%5.3%18.8%
IV Percentile67.2%10.7%85.3%10.7%74.2%
Term Structure0.1%-2.2%2.3%0.5%0.1%
VWIV24.4%18.0%27.7%18.0%26.1%
Skew 25d1.8%-0.3%3.5%1.9%1.9%
Skew 10d1.8%-8.0%7.9%7.1%1.7%
Call IV 25d23.3%18.7%27.7%18.7%23.9%
Put IV 25d25.1%20.6%30.6%20.6%25.8%
Bid-Ask Spread %41.0219.5256.4219.5237.32
Gamma HHI0.180.110.470.190.12
Net GEX198.9M88.5M365.6M215.1M177.9M
Net DEX-3.76B-5.67B-1.26B-2.51B-5.67B
Net VEX-18.3M-21.4M-15.2M-15.2M-21.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.271.030.390.52
Total Volume126,099.7570,956248,986116,272118,147
Total OI1,027,770.4925,2021,193,871945,8731,117,201

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-01-02$122.32$115.0019.4%5.0%18.9%5.3%18.0%1.9%0.5%215.1M-2.51B-15.2M0.3919.5283,67832,594554,219391,654
2026-01-05$125.39$115.0021.6%6.2%20.2%11.5%21.9%1.8%0.6%213.7M-3.25B-15.4M0.2739.19162,56743,957553,103387,916
2026-01-06$121.85$115.0021.4%6.4%23.2%11.0%22.1%1.3%1.4%165.2M-2.17B-16.0M0.5142.9471,44336,759590,744406,545
2026-01-07$118.63$115.0021.7%6.3%25.2%11.7%22.4%2.4%2.3%88.5M-1.26B-15.7M0.4952.1382,70440,315607,692413,397
2026-01-08$122.93$115.0023.4%6.6%27.4%16.6%23.6%1.8%2.0%217.5M-2.68B-16.6M0.3153.41120,38437,576621,656411,107
2026-01-09$124.55$115.0022.3%6.5%27.4%13.6%23.5%1.4%0.3%272.0M-3.15B-16.8M0.2754.39106,00428,717637,144425,481
2026-01-12$123.78$115.0024.5%6.6%27.5%19.9%23.1%2.1%-2.2%221.3M-2.79B-16.8M0.3554.6054,72419,410624,772407,477
2026-01-13$126.17$120.0025.4%7.1%28.1%22.4%24.9%2.5%0.5%245.4M-3.62B-17.2M0.3156.09102,29031,768637,723414,594
2026-01-14$129.82$120.0024.8%7.6%29.1%20.7%26.8%3.5%-0.5%214.3M-4.69B-17.4M0.2956.42193,15955,827657,198426,179
2026-01-15$129.01$120.0025.9%7.1%27.4%23.8%25.3%2.0%-1.8%213.9M-4.40B-18.5M0.6446.9975,53848,524700,620452,284
2026-01-16$129.83$120.0024.2%6.8%26.8%19.0%25.4%2.5%-0.6%365.6M-4.63B-18.7M0.6646.2893,04661,606716,730477,141
2026-01-20$130.74$120.0025.0%7.2%26.4%21.3%25.5%2.5%-0.7%163.8M-3.36B-19.1M0.5230.9256,10829,288583,093342,109
2026-01-21$133.25$120.0024.5%7.0%26.6%19.9%24.5%1.4%-0.9%189.9M-4.04B-19.5M0.3528.2971,05925,144601,909348,095
2026-01-22$133.76$120.0023.3%6.7%26.3%16.2%23.9%1.1%-0.4%197.7M-4.17B-19.3M1.0330.2453,84655,465614,676359,930
2026-01-23$134.94$120.0023.8%6.9%26.3%17.8%24.4%1.0%-1.1%193.1M-4.43B-20.0M0.4628.5370,02832,284624,799391,112
2026-01-26$134.89$120.0023.9%7.1%26.4%18.2%25.7%1.5%1.4%150.4M-4.05B-20.2M0.4129.5962,68426,002602,108371,895
2026-01-27$136.75$120.0024.3%7.3%26.1%19.4%25.9%1.1%0.2%153.5M-4.45B-20.6M0.5334.6346,35224,604614,937382,615
2026-01-28$137.31$120.0025.2%7.5%26.1%21.7%26.8%2.4%-0.0%155.7M-4.61B-20.9M0.4642.5663,19629,210630,846393,060
2026-01-29$140.03$120.0025.6%7.8%26.5%22.9%27.7%-0.3%0.2%164.3M-5.26B-21.4M0.6036.36109,71166,277653,496408,151
2026-01-30$141.47$125.0024.1%7.2%25.9%18.8%26.1%1.9%0.1%177.9M-5.67B-21.4M0.5237.3277,54640,601680,786436,415