OCSL Options History — November 2025

In November 2025, OCSL traded between $13.21 and $13.86. ATM implied volatility averaged 33.4%, placing in the 44.6% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 11.7% (HV 20d: 21.7%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 0.42.

Notable Days

2025-11-17: Highest Volume — 655 contracts
2025-11-04: Largest IV spike — 49.3% change
2025-11-11: Highest IV Rank — 76.1%
2025-11-04: Largest Expected Move — 13.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$13.60	$13.21	$13.86	$13.86	$13.82
Max Pain	$15.00	$15.00	$15.00	$15.00	$15.00
ATM IV	33.4%	20.4%	50.6%	30.3%	27.7%
Expected Move	8.7%	5.8%	13.0%	8.7%	7.9%
HV 20d	21.7%	15.9%	26.8%	26.4%	16.9%
HV 60d	21.0%	20.5%	21.5%	20.5%	21.5%
IV Rank	44.6%	21.0%	76.1%	39.0%	34.3%
IV Percentile	83.6%	48.0%	98.4%	87.7%	80.2%
Term Structure	-3.1%	-27.2%	46.7%	7.1%	6.4%
VWIV	26.7%	15.7%	42.9%	23.8%	27.0%
Skew 25d	79.4%	-10.3%	246.8%	14.9%	177.7%
Skew 10d	156.8%	0.1%	309.6%	0.1%	309.6%
Call IV 25d	43.2%	16.9%	104.5%	30.5%	102.4%
Put IV 25d	122.6%	18.2%	280.1%	45.3%	280.1%
Bid-Ask Spread %	105.34	96.34	111.77	101.20	109.56
Gamma HHI	0.47	0.34	0.54	0.49	0.49
Net GEX	120.2K	88.5K	216.6K	144.3K	110.8K
Net DEX	-26.4M	-27.2M	-25.3M	-26.7M	-27.1M
Net VEX	-9.8K	-17.9K	-6.8K	-10.5K	-7.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.42	0.00	5.63	0.05	0.01
Total Volume	224.421	53	655	250	131
Total OI	23,663.789	22,557	24,517	23,432	22,623

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
2025-11-03	$13.86	$15.00	30.3%	8.7%	26.4%	39.0%	0.0%	14.9%	7.1%	144.3K	-26.7M	-10.5K	0.05	101.20	237	13	22,542	890
2025-11-04	$13.71	$15.00	45.2%	13.0%	26.3%	66.2%	23.8%	20.6%	8.9%	124.1K	-26.6M	-11.1K	0.02	96.34	127	2	22,739	893
2025-11-05	$13.73	$15.00	43.7%	12.5%	26.2%	63.5%	0.0%	16.8%	-8.3%	142.1K	-26.3M	-12.0K	0.11	99.90	179	20	22,810	893
2025-11-06	$13.54	$15.00	44.8%	9.1%	26.8%	65.5%	0.0%	-10.3%	-6.9%	216.6K	-25.5M	-17.9K	0.00	109.76	297	1	22,862	913
2025-11-07	$13.64	$15.00	39.2%	8.7%	26.8%	55.3%	0.0%	3.6%	-5.3%	119.4K	-26.3M	-10.4K	0.01	104.34	186	2	22,757	913
2025-11-10	$13.61	$15.00	48.7%	9.7%	25.4%	72.6%	35.5%	10.7%	-8.8%	112.3K	-26.4M	-9.9K	0.16	102.16	95	15	22,873	913
2025-11-11	$13.70	$15.00	50.6%	8.5%	25.3%	76.1%	0.0%	124.9%	-6.0%	121.7K	-26.7M	-10.1K	5.63	103.95	8	45	22,962	923
2025-11-12	$13.75	$15.00	31.4%	9.0%	25.1%	41.1%	22.9%	118.3%	-12.4%	129.8K	-26.8M	-10.3K	0.06	109.47	78	5	22,963	954
2025-11-13	$13.64	$15.00	29.1%	8.4%	22.6%	36.9%	0.0%	199.0%	-8.0%	114.2K	-26.4M	-10.2K	0.16	109.18	167	26	22,890	962
2025-11-14	$13.67	$15.00	34.5%	9.9%	22.0%	46.7%	42.9%	7.4%	-19.7%	119.7K	-26.5M	-9.9K	0.05	109.34	84	4	22,862	957
2025-11-17	$13.32	$15.00	34.3%	9.8%	23.7%	46.3%	0.0%	36.5%	-27.2%	98.2K	-25.3M	-9.0K	0.21	102.54	541	114	22,844	957
2025-11-18	$13.35	$15.00	20.4%	5.8%	16.4%	21.0%	17.6%	214.7%	1.7%	109.4K	-25.9M	-9.2K	0.02	109.91	293	5	23,257	1,038
2025-11-19	$13.32	$15.00	25.7%	7.4%	16.4%	30.6%	26.3%	0.7%	-12.2%	110.5K	-25.8M	-9.0K	0.01	100.06	337	2	23,331	1,040
2025-11-20	$13.21	$15.00	21.1%	6.0%	15.9%	22.2%	29.2%	-5.3%	46.7%	88.5K	-25.7M	-8.8K	1.28	108.43	103	132	23,500	1,011
2025-11-21	$13.48	$15.00	30.1%	8.6%	17.8%	38.8%	26.2%	5.8%	-12.9%	97.2K	-26.5M	-8.5K	0.21	111.77	202	42	23,500	1,017
2025-11-24	$13.60	$15.00	23.7%	6.8%	17.4%	27.0%	15.7%	155.6%	-8.8%	98.8K	-26.8M	-8.5K	0.02	97.59	437	9	22,095	690
2025-11-25	$13.63	$15.00	24.9%	7.1%	17.5%	29.1%	26.6%	246.8%	0.3%	105.7K	-26.5M	-6.8K	0.00	106.48	189	0	21,858	699
2025-11-26	$13.79	$15.00	28.4%	8.1%	17.6%	35.5%	0.0%	170.3%	6.6%	120.9K	-27.2M	-7.3K	0.00	109.58	136	0	21,982	699
2025-11-28	$13.82	$15.00	27.7%	7.9%	16.9%	34.3%	27.0%	177.7%	6.4%	110.8K	-27.1M	-7.6K	0.01	109.56	130	1	21,924	699