OCSL Options History — December 2025

In December 2025, OCSL traded between $12.66 and $13.79. ATM implied volatility averaged 27.8%, placing in the 34.5% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 8.5% (HV 20d: 19.3%). Max pain ranged from $2.50 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.68.

Notable Days

  • 2025-12-12: Highest Volume — 128,647 contracts
  • 2025-12-12: Largest IV spike — 68.9% change
  • 2025-12-09: Highest IV Rank — 61.5%
  • 2025-12-05: Largest Expected Move — 16.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.20$12.66$13.79$13.71$12.73
Max Pain$9.89$2.50$15.00$15.00$12.50
ATM IV27.8%17.2%42.6%35.4%17.9%
Expected Move7.6%4.9%16.0%10.1%5.1%
HV 20d19.3%15.3%24.6%16.4%21.3%
HV 60d21.5%19.6%22.6%21.5%21.9%
IV Rank34.5%15.1%61.5%48.3%16.5%
IV Percentile67.1%25.8%96.0%93.3%29.0%
Term Structure-5.0%-58.0%7.2%-19.6%7.1%
VWIV78.9%14.2%327.0%327.0%85.9%
Skew 25d31.5%-8.1%197.4%16.1%-4.5%
Skew 10d85.4%-9.3%254.6%16.1%-6.5%
Call IV 25d24.7%15.8%91.2%19.2%23.3%
Put IV 25d56.2%15.3%213.2%35.3%18.8%
Bid-Ask Spread %105.6984.32120.67104.8499.94
Gamma HHI0.450.340.550.420.34
Net GEX137.4K89.3K247.8K120.0K108.3K
Net DEX-23.7M-26.9M-20.1M-26.6M-22.1M
Net VEX-11.4K-24.2K-6.3K-7.7K-10.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.004.141.090.02
Total Volume6,096.31814128,64796691
Total OI22,064.18220,45022,62722,50422,434

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-12-01$13.71$15.0035.4%10.1%16.4%48.3%0.0%16.1%-19.6%120.0K-26.6M-7.7K1.09104.84465021,804700
2025-12-02$13.66$15.0039.8%11.4%16.1%56.3%0.0%16.6%-20.4%104.4K-26.4M-8.3K0.00109.5014021,801750
2025-12-03$13.72$15.0032.3%9.2%15.7%42.6%0.0%25.3%-10.4%112.0K-26.6M-7.8K0.05108.19128721,800750
2025-12-04$13.57$15.0041.9%9.1%16.2%60.2%0.0%12.0%-12.2%111.2K-26.0M-7.9K0.01105.01141221,673751
2025-12-05$13.64$15.0038.5%16.0%15.5%54.0%327.0%5.7%-58.0%112.8K-26.3M-7.4K0.05114.1194521,764752
2025-12-08$13.66$2.5039.4%6.3%15.3%55.7%16.2%118.0%-15.2%114.0K-26.4M-7.4K0.00106.2767021,811757
2025-12-09$13.79$2.5042.6%6.8%15.6%61.5%0.0%13.6%4.4%114.8K-26.9M-6.3K0.00113.71255021,870757
2025-12-10$13.79$2.5023.9%6.9%15.5%27.4%301.6%13.8%4.3%111.7K-26.6M-6.6K0.04120.672331021,673757
2025-12-11$13.79$2.5021.7%6.2%15.4%23.4%210.8%197.4%6.1%120.0K-26.5M-7.7K0.00106.40253021,675767
2025-12-12$13.59$2.5036.7%10.5%16.0%50.7%38.2%20.5%-6.5%105.1K-25.1M-8.3K0.00107.09128,6083921,151767
2025-12-15$12.89$2.5022.8%6.5%24.6%25.4%26.6%8.7%3.6%152.8K-20.8M-14.0K0.3897.101,01038119,650800
2025-12-16$12.86$2.5019.6%5.6%23.0%19.4%14.2%-0.2%-0.1%147.8K-21.6M-12.6K0.23112.722746420,271968
2025-12-17$12.91$12.5025.7%7.4%23.1%30.7%25.7%11.8%0.5%219.4K-21.1M-21.8K0.7193.95412920,5121,001
2025-12-18$12.88$12.5022.5%6.4%23.1%24.7%20.8%-1.6%-2.2%212.8K-21.3M-19.5K4.14112.473715320,497910
2025-12-19$12.73$12.5025.1%7.2%23.2%29.5%25.3%14.5%7.2%213.4K-21.1M-17.8K0.9597.10948920,4991,096
2025-12-22$12.79$12.5019.0%5.5%21.9%18.5%19.7%2.1%5.6%133.2K-22.0M-11.5K3.6084.328932020,5241,025
2025-12-23$12.66$12.5023.9%6.9%21.6%27.3%28.8%16.4%-6.0%247.8K-20.1M-24.2K2.79103.246718720,5731,345
2025-12-24$12.73$12.5026.3%7.5%21.8%31.7%25.6%111.7%-5.1%142.5K-21.8M-12.0K0.04106.5384320,6431,499
2025-12-26$12.79$12.5017.2%4.9%21.3%15.1%17.5%23.0%6.8%89.3K-22.2M-9.4K0.72102.721228820,6671,501
2025-12-29$12.73$12.5021.8%6.3%21.1%23.6%0.0%80.1%-5.8%112.4K-21.9M-10.3K0.11109.031862020,6221,531
2025-12-30$12.79$12.5017.4%5.0%21.3%15.5%0.0%-8.1%5.5%117.1K-22.2M-10.9K0.00110.28138020,7631,551
2025-12-31$12.73$12.5017.9%5.1%21.3%16.5%85.9%-4.5%7.1%108.3K-22.1M-10.6K0.0299.946771420,8841,550