OGE Options History — February 2007

Name: OGE Options Analytics - February 2007
Creator: Options Analysis Suite

In February 2007, OGE traded between $19.25 and $20.50. ATM implied volatility averaged 14.3%. The 30-day expected move averaged 4.2%. IV traded above realized volatility by 0.9% (HV 20d: 13.4%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.20.

Notable Days

2007-02-05: Highest Volume — 116 contracts
2007-02-08: Largest IV spike — 49.4% change
2007-02-15: Largest Expected Move — 4.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$20.08	$19.25	$20.50	$19.70	$19.30
Max Pain	$17.63	$17.50	$20.00	$20.00	$17.50
ATM IV	14.3%	9.9%	16.7%	12.6%	14.3%
Expected Move	4.2%	3.0%	4.8%	3.6%	4.1%
HV 20d	13.4%	11.4%	20.4%	13.7%	20.1%
Term Structure	0.8%	-1.0%	4.4%	2.3%	-1.0%
VWIV	15.6%	10.9%	23.0%	12.7%	10.9%
Bid-Ask Spread %	58.42	16.34	91.02	91.02	54.60
Gamma HHI	0.81	0.77	0.86	0.84	0.84
Net GEX	136.9K	98.8K	216.6K	104.7K	117.0K
Net DEX	-1.6M	-2.2M	-550.1K	-1.1M	-686.4K
Net VEX	-5.0K	-5.5K	-4.1K	-5.1K	-4.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.20	0.00	1.00	0.00	0.00
Total Volume	48.211	0	116	70	2
Total OI	1,990.105	1,824	2,138	1,824	2,012

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
2007-02-01	$19.70	$20.00	12.6%	3.6%	13.7%	0.0%	12.7%	0.0%	2.3%	104.7K	-1.1M	-5.1K	0.00	91.02	70	0	1,382	442
2007-02-02	$19.68	$17.50	13.3%	4.3%	13.7%	0.0%	0.0%	0.0%	1.2%	105.5K	-1.1M	-5.1K	0.00	68.48	0	0	1,386	442
2007-02-05	$20.00	$17.50	13.7%	4.3%	12.8%	0.0%	0.0%	0.0%	0.8%	112.7K	-1.4M	-5.0K	0.00	69.10	116	0	1,386	442
2007-02-06	$20.25	$17.50	12.8%	4.2%	12.1%	0.0%	14.6%	0.0%	1.2%	136.7K	-1.8M	-5.0K	0.00	70.91	0	2	1,482	442
2007-02-07	$20.38	$17.50	9.9%	4.1%	12.2%	0.0%	14.4%	0.0%	1.4%	127.7K	-1.9M	-4.8K	0.00	72.81	52	0	1,482	440
2007-02-08	$20.48	$17.50	14.7%	4.2%	12.0%	0.0%	14.7%	0.0%	0.9%	117.9K	-2.1M	-4.6K	0.00	74.04	32	0	1,506	440
2007-02-09	$20.42	$17.50	15.2%	4.3%	12.0%	0.0%	19.7%	0.0%	0.6%	128.2K	-2.0M	-4.8K	0.00	72.74	62	0	1,526	440
2007-02-12	$20.36	$17.50	15.1%	4.3%	12.1%	0.0%	15.1%	0.0%	0.6%	138.9K	-2.0M	-4.9K	0.50	72.92	40	20	1,566	440
2007-02-13	$20.39	$17.50	14.5%	4.2%	11.6%	0.0%	0.0%	0.0%	1.2%	139.8K	-2.0M	-4.8K	0.00	74.40	60	0	1,566	448
2007-02-14	$20.50	$17.50	15.3%	4.4%	11.4%	0.0%	0.0%	0.0%	-0.6%	139.3K	-2.2M	-5.0K	0.87	72.29	46	40	1,626	448
2007-02-15	$20.34	$17.50	16.7%	4.8%	12.0%	0.0%	16.7%	0.0%	-0.7%	137.5K	-1.9M	-5.4K	0.06	71.83	64	4	1,626	488
2007-02-16	$20.07	$17.50	16.4%	4.7%	13.4%	0.0%	16.4%	0.0%	-0.7%	216.6K	-1.7M	-5.5K	0.23	69.88	86	20	1,646	492
2007-02-20	$20.10	$17.50	16.3%	4.7%	13.3%	0.0%	23.0%	0.0%	-0.1%	139.4K	-1.6M	-5.5K	0.00	19.75	18	0	1,562	460
2007-02-21	$20.04	$17.50	16.3%	4.7%	13.4%	0.0%	16.2%	0.0%	-0.3%	143.0K	-1.5M	-5.5K	1.00	19.30	4	4	1,566	460
2007-02-22	$20.00	$17.50	15.5%	4.4%	13.5%	0.0%	15.5%	0.0%	0.7%	149.8K	-1.5M	-5.3K	0.67	16.34	30	20	1,566	460
2007-02-23	$20.07	$17.50	14.5%	4.1%	12.1%	0.0%	14.5%	0.0%	1.8%	164.2K	-1.5M	-5.4K	0.00	22.09	20	0	1,576	460
2007-02-26	$20.11	$17.50	13.9%	4.0%	12.1%	0.0%	13.9%	0.0%	2.4%	182.8K	-1.6M	-5.2K	0.00	23.91	12	0	1,596	460
2007-02-27	$19.25	$17.50	10.6%	3.0%	20.4%	0.0%	10.9%	0.0%	4.4%	98.8K	-550.1K	-4.1K	0.00	73.52	92	0	1,590	460
2007-02-28	$19.30	$17.50	14.3%	4.1%	20.1%	0.0%	0.0%	0.0%	-1.0%	117.0K	-686.4K	-4.4K	0.00	54.60	2	0	1,552	460