OCSL Options History — February 2025

In February 2025, OCSL traded between $15.45 and $16.12. ATM implied volatility averaged 18.6%, placing in the 16.9% IV rank vs the trailing year. The 30-day expected move averaged 5.4%. IV traded above realized volatility by 0.9% (HV 20d: 17.7%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 4.68.

Notable Days

2025-02-21: Highest Volume — 200 contracts
2025-02-07: Largest IV spike — 76.8% change
2025-02-07: Highest IV Rank — 33.7%
2025-02-03: Largest Expected Move — 8.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$15.82	$15.45	$16.12	$16.05	$16.12
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	18.6%	11.0%	28.5%	28.0%	22.5%
Expected Move	5.4%	3.2%	8.0%	8.0%	6.4%
HV 20d	17.7%	13.1%	18.9%	13.1%	16.9%
HV 60d	17.2%	16.2%	17.9%	16.6%	16.2%
IV Rank	16.9%	3.8%	33.7%	33.0%	23.5%
IV Percentile	49.7%	5.6%	85.3%	82.9%	74.6%
Term Structure	-2.6%	-16.5%	17.8%	-6.5%	-16.5%
VWIV	22.2%	10.5%	36.6%	28.1%	36.6%
Skew 25d	60.8%	-70.3%	266.7%	10.3%	-2.5%
Skew 10d	134.7%	-104.9%	318.2%	20.1%	-15.2%
Call IV 25d	41.4%	15.8%	118.0%	17.1%	17.1%
Put IV 25d	102.3%	14.5%	283.2%	27.4%	14.5%
Bid-Ask Spread %	88.83	76.65	100.34	80.70	96.66
Gamma HHI	0.53	0.43	0.83	0.83	0.46
Net GEX	4.1K	-5.3K	30.2K	30.2K	-126
Net DEX	-160.3K	-451.0K	123.8K	-451.0K	32.4K
Net VEX	-3.1K	-4.1K	-2.6K	-3.6K	-4.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	4.68	0.00	32.33	1.53	1.09
Total Volume	53.947	2	200	38	23
Total OI	2,591.368	1,672	2,962	2,732	1,911

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 Vol	Put Vol	Call OI	Put OI
2025-02-03	$16.05	$15.00	28.0%	8.0%	13.1%	33.0%	28.1%	10.3%	-6.5%	30.2K	-451.0K	-3.6K	1.53	80.70	15	23	1,720	1,012
2025-02-04	$15.54	$15.00	11.0%	3.2%	18.0%	3.8%	10.5%	-70.3%	17.8%	8.4K	-251.0K	-2.7K	4.36	78.21	25	109	1,726	1,053
2025-02-05	$15.79	$15.00	16.7%	4.8%	18.2%	13.6%	19.2%	-1.7%	11.3%	9.7K	-319.2K	-2.9K	2.35	79.54	17	40	1,726	1,077
2025-02-06	$15.59	$15.00	16.1%	5.9%	18.8%	12.5%	31.7%	76.7%	-13.1%	1.7K	-177.2K	-3.1K	0.00	94.23	0	5	1,729	1,113
2025-02-07	$15.50	$15.00	28.5%	5.5%	18.9%	33.7%	25.4%	61.7%	-14.6%	5.1K	10.1K	-3.3K	0.00	91.39	2	0	1,729	1,113
2025-02-10	$15.45	$15.00	15.2%	5.0%	18.8%	11.0%	0.0%	66.6%	-14.8%	-912	-137.4K	-3.1K	14.00	98.18	2	28	1,730	1,113
2025-02-11	$15.57	$15.00	15.7%	6.5%	18.9%	11.8%	22.6%	47.2%	-3.2%	1.1K	-193.6K	-2.7K	0.10	87.89	20	2	1,732	1,141
2025-02-12	$15.68	$15.00	18.6%	5.3%	18.2%	16.8%	0.0%	24.8%	-7.5%	3.9K	-248.5K	-2.8K	0.71	95.94	14	10	1,741	1,163
2025-02-13	$15.66	$15.00	17.4%	5.0%	17.9%	14.8%	0.0%	-2.0%	-2.8%	2.8K	-344.2K	-2.6K	10.00	86.60	8	80	1,748	1,163
2025-02-14	$15.79	$15.00	14.1%	4.1%	17.5%	9.2%	0.0%	95.7%	1.7%	-508	-291.2K	-2.6K	0.29	100.34	7	2	1,749	1,213
2025-02-18	$15.91	$15.00	15.8%	4.5%	17.7%	12.1%	18.1%	92.4%	1.9%	3.8K	-220.9K	-2.6K	1.00	85.21	14	14	1,648	1,215
2025-02-19	$16.05	$15.00	20.2%	5.8%	17.9%	19.5%	23.6%	106.9%	-6.5%	6.0K	-273.6K	-2.6K	1.04	91.33	24	25	1,666	1,229
2025-02-20	$16.07	$15.00	15.0%	4.3%	17.7%	10.7%	18.3%	102.5%	6.9%	5.7K	-306.0K	-3.1K	0.00	76.65	0	30	1,667	1,234
2025-02-21	$16.05	$15.00	25.9%	7.4%	17.7%	29.4%	18.9%	23.8%	6.7%	9.5K	-163.5K	-2.7K	32.33	79.99	6	194	1,667	1,256
2025-02-24	$15.91	$15.00	18.5%	5.3%	18.1%	16.7%	20.0%	247.1%	-7.7%	-5.3K	68.6K	-3.6K	0.20	88.71	113	23	823	849
2025-02-25	$15.91	$15.00	21.0%	6.0%	17.7%	20.9%	21.9%	4.1%	-5.6%	358	123.8K	-3.4K	1.18	88.38	56	66	926	867
2025-02-26	$15.91	$15.00	15.5%	4.4%	17.6%	11.5%	25.7%	266.7%	-3.3%	-1.5K	41.0K	-3.8K	0.00	97.26	0	13	982	905
2025-02-27	$16.01	$15.00	18.0%	5.2%	17.0%	15.7%	13.1%	6.0%	6.9%	-1.8K	56.0K	-4.0K	0.00	90.60	0	15	982	918
2025-02-28	$16.12	$15.00	22.5%	6.4%	16.9%	23.5%	36.6%	-2.5%	-16.5%	-126	32.4K	-4.1K	1.09	96.66	11	12	982	929