OGE Options History — June 2007

In June 2007, OGE traded between $16.85 and $18.51. ATM implied volatility averaged 14.9%. The 30-day expected move averaged 4.4%. IV traded below realized volatility by 5.1% (HV 20d: 20.0%). Max pain ranged from $17.50 to $20.00. Net GEX was positive for 13 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 1.32.

Notable Days

  • 2007-06-22: Highest Volume — 498 contracts
  • 2007-06-22: Largest IV drop — 35.4% change
  • 2007-06-04: Largest Expected Move — 5.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.48$16.85$18.51$18.51$18.32
Max Pain$17.86$17.50$20.00$17.50$17.50
ATM IV14.9%9.6%19.0%14.4%15.4%
Expected Move4.4%2.8%5.3%4.1%4.4%
HV 20d20.0%13.1%29.0%13.6%29.0%
HV 60d15.3%12.7%19.3%12.7%19.3%
Term Structure1.3%-2.7%8.0%5.6%-2.4%
VWIV21.0%14.8%35.8%18.2%35.8%
Bid-Ask Spread %87.5077.63104.9585.2891.36
Gamma HHI0.530.340.830.430.54
Net GEX1.0K-15.8K23.9K4.4K17.2K
Net DEX243.8K-390.3K553.7K112.4K-390.3K
Net VEX-2.9K-4.1K-2.1K-3.2K-4.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.320.0010.001.800.00
Total Volume57.6190498020
Total OI1,654.3811,2861,9161,7141,916

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2007-06-01$18.51$17.5014.4%4.1%13.6%0.0%0.0%0.0%5.6%4.4K112.4K-3.2K0.0085.28001,156558
2007-06-04$18.38$20.0015.2%5.3%13.1%0.0%0.0%0.0%-2.7%697151.8K-3.2K0.0084.45001,156558
2007-06-05$18.23$20.0014.3%5.1%13.3%0.0%0.0%0.0%-1.6%-1.9K187.3K-3.0K0.0081.95001,156558
2007-06-06$17.84$20.0018.2%5.2%14.7%0.0%18.2%0.0%-2.6%-12.5K339.5K-2.7K1.8078.9610181,156558
2007-06-07$17.16$17.5015.3%5.1%19.0%0.0%0.0%0.0%-0.7%-14.2K553.7K-2.3K0.0079.722001,166558
2007-06-08$17.22$17.5014.9%5.1%19.2%0.0%0.0%0.0%-0.9%-13.4K433.0K-2.4K0.0084.730201,186498
2007-06-11$17.27$17.5017.3%5.2%18.6%0.0%0.0%0.0%-1.1%-15.8K451.7K-2.4K0.0086.11001,186518
2007-06-12$16.98$17.5019.0%5.0%18.9%0.0%0.0%0.0%-1.0%-7.1K550.2K-2.1K0.3388.392481,186518
2007-06-13$17.14$17.5018.5%4.8%19.8%0.0%0.0%0.0%0.1%-9.7K487.2K-2.3K1.1787.8272841,206510
2007-06-14$17.18$17.5017.4%5.0%19.9%0.0%0.0%0.0%0.4%-11.7K470.0K-2.9K0.0087.822801,246574
2007-06-15$17.46$17.5017.3%5.0%21.3%0.0%17.3%0.0%0.7%23.9K241.7K-3.1K4.0085.75281,262486
2007-06-18$17.34$17.5014.7%4.2%21.3%0.0%14.8%0.0%2.8%5.2K296.4K-2.9K0.0087.39240792494
2007-06-19$17.47$17.5015.3%4.4%21.7%0.0%19.0%0.0%2.1%6.9K261.2K-3.0K0.8087.54108804494
2007-06-20$17.24$17.5014.6%4.2%22.0%0.0%0.0%0.0%2.9%5.7K310.6K-2.9K0.0090.65240798492
2007-06-21$17.16$17.5015.1%4.3%21.7%0.0%0.0%0.0%2.1%4.3K358.2K-2.6K10.0092.01440794492
2007-06-22$16.85$17.509.8%2.8%20.6%0.0%35.8%0.0%7.3%538425.4K-2.5K0.00104.954980794532
2007-06-25$16.91$17.5010.4%3.0%20.7%0.0%0.0%0.0%7.4%9.8K80.4K-3.3K2.9491.47341001,292532
2007-06-26$17.04$17.509.6%2.8%20.9%0.0%0.0%0.0%8.0%6.5K111.1K-3.4K0.0091.844801,272562
2007-06-27$17.29$17.5011.6%3.3%21.6%0.0%0.0%0.0%3.9%8.8K15.2K-3.6K0.0077.635001,296562
2007-06-28$18.20$17.5014.5%4.2%28.9%0.0%0.0%0.0%-2.1%14.1K-326.3K-4.0K0.0091.615601,306562
2007-06-29$18.32$17.5015.4%4.4%29.0%0.0%0.0%0.0%-2.4%17.2K-390.3K-4.1K0.0091.362001,354562