OGE Options History — February 2011

In February 2011, OGE traded between $23.09 and $24.05. ATM implied volatility averaged 21.1%, placing in the 12.4% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 8.1% (HV 20d: 13.0%). Max pain ranged from $20.00 to $22.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 8 of 19 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-02-03: Highest Volume — 106 contracts
  • 2011-02-25: Largest IV drop — 23.1% change
  • 2011-02-14: Highest IV Rank — 16.9%
  • 2011-02-14: Largest Expected Move — 7.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.45$23.09$24.05$23.27$24.05
Max Pain$20.39$20.00$22.50$22.50$20.00
ATM IV21.1%17.1%24.6%18.8%18.5%
Expected Move6.2%4.9%7.0%5.4%5.3%
HV 20d13.0%12.1%14.5%12.8%12.7%
HV 60d13.1%11.7%14.1%14.1%12.3%
IV Rank12.4%7.4%16.9%9.5%9.1%
IV Percentile61.1%28.6%78.6%45.2%36.5%
Term Structure1.3%-2.1%7.5%7.5%1.5%
VWIV20.0%16.5%23.4%23.4%19.3%
Skew 25d2.7%1.5%3.7%2.7%3.7%
Skew 10d3.6%2.7%5.2%2.8%5.2%
Call IV 25d20.2%19.2%21.1%20.1%19.2%
Put IV 25d22.9%22.6%23.2%22.8%22.9%
Bid-Ask Spread %78.0960.82113.70113.7075.64
Gamma HHI0.550.500.660.510.66
Net GEX128.2K114.1K141.3K114.6K141.3K
Net DEX-2.1M-2.6M-1.7M-1.8M-2.6M
Net VEX-8.4K-9.0K-8.0K-8.1K-8.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume21.0530106040
Total OI2,270.5262,1122,3622,1122,362

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2011-02-01$23.27$22.5018.8%5.4%12.8%9.5%0.0%0.0%7.5%114.6K-1.8M-8.1K0.00113.70001,820292
2011-02-02$23.12$22.5020.6%5.9%12.8%11.8%0.0%0.0%3.8%114.1K-1.7M-8.1K0.00100.97801,820292
2011-02-03$23.18$22.5019.7%5.7%12.7%10.7%0.0%0.0%6.3%114.6K-1.8M-8.1K0.0091.8210601,828292
2011-02-04$23.17$20.0019.1%6.6%12.5%9.9%0.0%0.0%-0.9%122.2K-1.8M-8.5K0.0078.73001,934292
2011-02-07$23.26$20.0021.5%6.7%12.5%12.9%0.0%0.0%-0.9%123.5K-1.9M-8.3K0.0080.272001,934292
2011-02-08$23.34$20.0019.8%6.7%12.4%10.9%0.0%0.0%-1.4%124.2K-1.9M-8.2K0.0078.302401,934292
2011-02-09$23.22$20.0022.3%6.7%12.6%14.0%0.0%0.0%-0.8%126.2K-1.9M-8.3K0.0070.01401,958292
2011-02-10$23.27$20.0023.4%6.7%12.4%15.4%23.4%0.0%-0.8%125.4K-1.9M-8.3K0.0062.95041,962292
2011-02-11$23.34$20.0023.4%6.7%12.1%15.4%0.0%0.0%-0.6%127.0K-2.0M-8.2K0.0062.71001,962292
2011-02-14$23.25$20.0024.6%7.0%12.3%16.9%0.0%0.0%-2.1%126.6K-1.9M-8.0K0.0084.047401,962292
2011-02-15$23.09$20.0023.4%6.7%12.4%15.4%0.0%0.0%-0.7%133.4K-1.9M-8.2K0.0084.97002,024292
2011-02-16$23.13$20.0023.5%6.8%12.1%15.6%0.0%0.0%-1.1%133.6K-1.9M-8.1K0.0083.354002,024292
2011-02-17$23.59$20.0020.8%6.0%13.8%12.1%0.0%0.0%4.6%132.3K-2.3M-8.7K0.0066.15002,064292
2011-02-18$24.00$20.0018.5%5.3%14.5%9.2%20.9%0.0%-1.2%135.3K-2.5M-8.7K0.0064.046602,064292
2011-02-22$23.91$20.0019.6%5.6%13.7%10.6%0.0%2.7%-0.5%134.9K-2.4M-9.0K0.0060.82202,058292
2011-02-23$23.69$20.0023.6%6.8%14.2%15.6%0.0%2.3%3.0%134.1K-2.3M-8.7K0.0075.06002,058292
2011-02-24$23.66$20.0022.2%6.4%14.2%13.9%0.0%1.5%4.8%134.3K-2.2M-8.6K0.0063.50002,058292
2011-02-25$23.95$20.0017.1%4.9%14.5%7.4%16.5%3.5%4.4%138.0K-2.4M-8.6K0.0086.771202,058292
2011-02-28$24.05$20.0018.5%5.3%12.7%9.1%19.3%3.7%1.5%141.3K-2.6M-8.3K0.0075.644002,070292