OGE Options History — April 2008

In April 2008, OGE traded between $15.40 and $16.34. ATM implied volatility averaged 20.6%, placing in the 6.3% IV rank vs the trailing year. The 30-day expected move averaged 6.1%. IV traded above realized volatility by 3.0% (HV 20d: 17.6%). Max pain ranged from $15.00 to $15.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.00.

Notable Days

  • 2008-04-07: Highest Volume — 66 contracts
  • 2008-04-07: Largest IV spike — 60.1% change
  • 2008-04-07: Highest IV Rank — 9.7%
  • 2008-04-14: Largest Expected Move — 7.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$15.88$15.40$16.34$15.88$16.34
Max Pain$15.00$15.00$15.00$15.00$15.00
ATM IV20.6%15.2%26.7%21.5%18.5%
Expected Move6.1%4.4%7.2%6.2%5.3%
HV 20d17.6%15.7%19.6%18.6%17.1%
HV 60d20.6%19.0%21.8%21.6%19.2%
IV Rank6.3%3.3%9.7%6.9%5.0%
IV Percentile56.5%22.2%89.3%63.5%42.9%
Term Structure1.5%-10.4%7.7%6.2%3.7%
Bid-Ask Spread %65.2938.6988.9939.2688.99
Gamma HHI0.670.640.730.700.71
Net GEX11.4K8.5K14.2K10.5K14.2K
Net DEX-82.7K-176.7K-7.0K-27.7K-176.7K
Net VEX-2.2K-2.4K-2.1K-2.3K-2.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume7.273066460
Total OI1,042.1821,0101,0901,0341,010

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2008-04-01$15.88$15.0021.5%6.2%18.6%6.9%0.0%0.0%6.2%10.5K-27.7K-2.3K0.0039.2604732302
2008-04-02$16.01$15.0025.1%7.2%18.8%8.9%0.0%0.0%-10.4%12.2K-60.3K-2.3K0.0050.3400732302
2008-04-03$15.79$15.0023.3%6.7%19.3%7.9%0.0%0.0%-6.4%10.1K-10.6K-2.2K0.0051.7600732302
2008-04-04$15.80$15.0016.7%5.5%18.6%4.3%0.0%0.0%7.7%10.6K-39.1K-2.2K0.0061.1900732302
2008-04-07$15.97$15.0026.7%7.0%18.9%9.7%0.0%0.0%-2.0%11.4K-36.6K-2.2K0.0064.00660732302
2008-04-08$15.73$15.0018.5%6.9%19.6%5.3%0.0%0.0%-0.4%10.2K-31.1K-2.3K0.0063.5000788302
2008-04-09$15.70$15.0018.4%6.9%19.0%5.2%0.0%0.0%-0.3%10.1K-57.4K-2.3K0.0064.0900788282
2008-04-10$15.52$15.0024.1%6.9%18.0%8.3%0.0%0.0%-0.4%9.0K-22.1K-2.2K0.0061.8400788282
2008-04-11$15.40$15.0024.3%7.0%18.2%8.3%0.0%0.0%-0.6%8.5K-7.0K-2.1K0.0060.5500788282
2008-04-14$15.58$15.0025.2%7.2%16.2%8.7%0.0%0.0%-1.5%9.5K-39.2K-2.2K0.0062.3800788282
2008-04-15$15.73$15.0024.5%7.0%16.1%8.4%0.0%0.0%-0.5%10.1K-56.8K-2.2K0.0067.7360788282
2008-04-16$15.95$15.0024.0%6.9%16.5%8.1%0.0%0.0%-0.5%11.7K-111.6K-2.3K0.0072.54140788282
2008-04-17$16.11$15.0015.9%4.6%16.2%3.7%0.0%0.0%5.0%13.5K-162.5K-2.4K0.0088.2200802282
2008-04-18$16.16$15.0015.2%4.4%16.2%3.3%0.0%0.0%4.8%13.7K-158.4K-2.4K0.0088.8600802282
2008-04-21$15.95$15.0021.4%6.2%17.1%6.7%0.0%0.0%4.4%12.0K-112.0K-2.3K0.0078.38100728282
2008-04-22$15.79$15.0023.2%6.7%17.4%7.7%0.0%0.0%0.3%11.1K-82.6K-2.3K0.0038.6900728282
2008-04-23$15.96$15.0016.2%4.6%17.2%3.8%0.0%0.0%6.4%11.9K-113.7K-2.2K0.0088.9100728282
2008-04-24$15.88$15.0016.3%4.7%17.4%3.9%0.0%0.0%5.0%11.8K-106.8K-2.2K0.0061.3700728282
2008-04-25$16.07$15.0017.0%4.9%17.7%4.3%0.0%0.0%5.7%12.7K-136.1K-2.2K0.0060.9300728282
2008-04-28$16.04$15.0018.8%5.4%17.0%5.2%0.0%0.0%2.8%12.8K-138.3K-2.1K0.0061.3900728282
2008-04-29$16.01$15.0018.4%5.3%15.7%5.0%0.0%0.0%3.9%12.6K-132.0K-2.2K0.0061.5200728282
2008-04-30$16.34$15.0018.5%5.3%17.1%5.0%0.0%0.0%3.7%14.2K-176.7K-2.2K0.0088.99600728282