OCSL Options History — May 2025

In May 2025, OCSL traded between $13.30 and $14.71. ATM implied volatility averaged 22.3%, placing in the 23.2% IV rank vs the trailing year. The 30-day expected move averaged 5.7%. IV traded below realized volatility by 17.6% (HV 20d: 39.9%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.03.

Notable Days

  • 2025-05-01: Highest Volume — 457 contracts
  • 2025-05-21: Largest IV spike — 53.0% change
  • 2025-05-09: Highest IV Rank — 54.7%
  • 2025-05-07: Largest Expected Move — 9.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.05$13.30$14.71$13.30$14.64
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV22.3%12.3%40.8%20.6%20.3%
Expected Move5.7%3.5%9.9%5.9%5.8%
HV 20d39.9%19.3%59.1%58.6%19.3%
HV 60d36.3%35.6%36.8%35.6%36.7%
IV Rank23.2%6.1%54.7%20.1%19.6%
IV Percentile50.9%7.9%91.3%59.9%55.6%
Term Structure-3.1%-25.4%6.8%-0.8%-6.6%
VWIV17.9%11.5%25.9%25.9%21.4%
Skew 25d105.0%-10.0%229.8%-6.2%206.9%
Skew 10d177.3%-7.5%277.2%-7.5%261.2%
Call IV 25d48.6%11.5%118.4%25.4%21.4%
Put IV 25d153.6%16.0%244.9%19.2%228.3%
Bid-Ask Spread %82.8673.7699.1299.1289.44
Gamma HHI0.850.740.970.890.91
Net GEX-124.8K-218.1K-81.6K-81.6K-199.1K
Net DEX3.6M2.7M4.1M4.1M3.3M
Net VEX-11.4K-14.3K-9.4K-9.4K-11.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.009.000.843.00
Total Volume94.238345745720
Total OI6,382.5715,8836,8936,4126,011

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-05-01$13.30$15.0020.6%5.9%58.6%20.1%25.9%-6.2%-0.8%-81.6K4.1M-9.4K0.8499.122492082,2884,124
2025-05-02$13.55$15.0027.8%8.0%59.1%32.5%0.0%-1.4%6.3%-94.0K4.0M-10.6K0.0984.66116112,3504,257
2025-05-05$13.54$15.0038.9%5.6%53.6%51.6%16.1%89.3%1.0%-84.7K4.1M-9.8K0.1386.324562,4594,199
2025-05-06$13.46$15.0029.6%6.9%49.7%35.6%0.0%71.8%-0.9%-87.7K4.0M-9.8K0.1983.61104202,4604,205
2025-05-07$13.37$15.0033.2%9.9%48.6%41.8%0.0%57.0%-25.4%-83.8K4.0M-10.4K0.0186.858512,4914,213
2025-05-08$13.66$15.0032.0%9.5%40.2%39.7%20.1%18.3%-7.1%-97.8K3.8M-11.3K0.1875.973362,4634,213
2025-05-09$13.77$15.0040.8%7.2%37.6%54.7%0.0%-10.0%-9.4%-100.9K3.8M-11.3K4.0082.94142,4784,212
2025-05-12$13.98$15.0030.9%6.3%37.6%37.9%24.9%-8.8%-12.6%-108.9K3.6M-12.2K0.0076.5319702,4794,212
2025-05-13$14.33$15.0026.6%5.3%37.9%30.6%22.0%158.3%-2.7%-132.1K3.4M-12.4K0.0983.913232,6024,212
2025-05-14$14.21$15.0014.7%4.2%37.6%10.1%14.4%113.4%5.8%-117.2K3.6M-12.1K0.6677.65104692,5684,211
2025-05-15$14.13$15.0013.9%4.0%37.5%8.8%13.9%77.7%5.8%-122.0K3.6M-12.3K0.0382.3124272,6574,236
2025-05-16$14.36$15.0013.7%3.9%36.7%8.4%13.2%104.7%6.8%-95.6K2.7M-14.3K0.5279.96148772,5394,217
2025-05-19$14.43$15.0016.3%4.7%35.7%12.9%19.6%136.2%-1.4%-161.8K3.5M-11.7K0.0273.764211,7954,088
2025-05-20$14.44$15.0012.3%3.5%35.3%6.1%11.5%207.9%-0.6%-161.9K3.5M-11.8K0.2282.6645101,8344,089
2025-05-21$14.15$15.0018.9%5.4%35.9%17.3%0.0%134.3%0.2%-112.9K3.4M-12.3K9.0084.942181,8754,089
2025-05-22$14.09$15.0014.6%4.2%35.5%9.8%0.0%88.6%-2.9%-110.7K3.4M-12.2K2.0083.84121,8754,097
2025-05-23$14.12$15.0017.7%5.1%35.5%15.2%0.0%229.8%-3.0%-127.2K3.7M-11.0K0.0077.75301,8764,097
2025-05-27$14.37$15.0014.0%4.0%35.6%8.9%14.1%127.7%-3.1%-161.1K3.8M-10.2K0.0881.052421,8774,097
2025-05-28$14.47$15.0013.3%3.8%35.1%7.6%0.0%218.7%-3.0%-162.3K3.4M-11.4K0.0086.891001,8914,099
2025-05-29$14.71$15.0018.9%5.4%35.1%17.3%15.8%190.2%-11.0%-218.1K3.3M-11.3K0.4879.8321101,9004,099
2025-05-30$14.64$15.0020.3%5.8%19.3%19.6%21.4%206.9%-6.6%-199.1K3.3M-11.7K3.0089.445151,9064,105