OGE Options History — May 2011

In May 2011, OGE traded between $25.05 and $26.50. ATM implied volatility averaged 17.6%, placing in the 7.0% IV rank vs the trailing year. The 30-day expected move averaged 5.0%. IV traded below realized volatility by 1.6% (HV 20d: 19.2%). Max pain ranged from $22.50 to $25.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 0.00.

Notable Days

  • 2011-05-05: Highest Volume — 300 contracts
  • 2011-05-09: Largest IV spike — 32.3% change
  • 2011-05-10: Highest IV Rank — 11.6%
  • 2011-05-03: Largest Expected Move — 5.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.58$25.05$26.50$26.50$25.54
Max Pain$23.45$22.50$25.00$25.00$25.00
ATM IV17.6%14.5%20.4%19.3%15.3%
Expected Move5.0%4.2%5.8%5.5%4.4%
HV 20d19.2%16.8%21.7%17.9%17.9%
HV 60d17.1%15.7%17.7%15.7%17.3%
IV Rank7.0%1.1%11.6%10.2%2.2%
IV Percentile30.0%2.8%63.1%51.6%6.3%
Term Structure2.3%-6.4%7.1%-0.8%3.6%
VWIV17.8%16.5%19.2%18.2%17.8%
Skew 25d3.2%-2.3%10.7%-2.2%4.1%
Skew 10d6.2%-3.7%42.0%-3.3%42.0%
Call IV 25d13.7%10.9%18.1%17.5%13.4%
Put IV 25d17.0%13.3%23.2%15.3%17.5%
Bid-Ask Spread %65.0549.8079.1966.0063.96
Gamma HHI0.780.650.910.660.91
Net GEX249.8K177.9K358.0K179.0K358.0K
Net DEX-2.6M-3.3M-2.1M-3.3M-2.7M
Net VEX-6.5K-7.4K-5.3K-6.1K-5.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume18.571030000
Total OI2,130.8571,9102,2301,9102,128

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2011-05-02$26.50$25.0019.3%5.5%17.9%10.2%0.0%-2.2%-0.8%179.0K-3.3M-6.1K0.0066.00001,774136
2011-05-03$26.48$25.0020.4%5.8%18.0%11.6%0.0%-2.3%-1.4%177.9K-3.3M-6.1K0.0065.67001,774136
2011-05-04$26.20$25.0017.9%5.1%18.4%8.4%0.0%4.0%-6.4%190.4K-3.1M-6.5K0.0079.19001,774136
2011-05-05$25.66$25.0015.6%4.5%19.9%5.5%0.0%-0.6%-3.8%214.4K-2.6M-6.9K0.0069.1730001,774136
2011-05-06$25.21$22.5015.2%5.2%20.9%5.1%18.2%2.7%2.4%229.6K-2.2M-7.4K0.0077.931602,074136
2011-05-09$25.57$22.5020.2%4.9%21.3%11.3%0.0%0.7%5.4%230.8K-2.6M-7.2K0.0064.480202,072136
2011-05-10$25.86$22.5020.4%4.8%21.7%11.6%0.0%6.0%5.5%237.9K-2.9M-7.2K0.0074.28202,072156
2011-05-11$25.59$22.5018.4%5.0%21.3%9.0%17.4%4.3%3.8%244.0K-2.6M-7.0K0.0072.23402,072156
2011-05-12$25.75$22.5017.1%4.9%21.3%7.5%16.5%10.7%4.3%251.5K-2.7M-6.9K0.0070.83202,068156
2011-05-13$25.54$22.5018.0%5.2%21.4%8.6%0.0%4.4%3.0%244.9K-2.5M-7.0K0.0075.37002,070156
2011-05-16$25.30$22.5019.2%5.5%21.3%10.1%19.2%3.9%1.7%237.7K-2.3M-6.8K0.0072.65602,070156
2011-05-17$25.13$22.5018.9%5.4%19.9%9.7%0.0%2.5%1.9%241.3K-2.1M-6.7K0.0063.61002,070156
2011-05-18$25.47$22.5018.1%5.2%20.4%8.8%0.0%4.0%2.4%251.4K-2.5M-6.6K0.0064.43402,070156
2011-05-19$25.77$22.5015.6%4.5%16.8%2.5%0.0%6.5%7.1%261.7K-2.9M-6.3K0.0067.02002,074156
2011-05-20$25.63$22.5017.4%5.0%16.8%5.0%0.0%5.3%3.3%256.9K-2.7M-6.2K0.0051.85002,074156
2011-05-23$25.11$22.5017.7%5.1%17.9%5.3%0.0%2.2%2.2%273.9K-2.1M-6.2K0.0051.56001,942150
2011-05-24$25.05$22.5017.8%5.1%17.5%5.4%17.8%2.3%1.8%276.4K-2.1M-6.0K0.0049.800101,942150
2011-05-25$25.18$25.0016.5%4.7%17.4%3.7%0.0%2.0%3.3%294.3K-2.2M-6.0K0.0054.37021,942160
2011-05-26$25.38$25.0016.3%4.7%17.6%3.5%0.0%3.4%3.2%294.1K-2.4M-5.9K0.0055.762401,942162
2011-05-27$25.34$25.0014.5%4.2%17.5%1.1%0.0%4.2%6.0%299.2K-2.5M-5.8K0.0055.94001,966162
2011-05-31$25.54$25.0015.3%4.4%17.9%2.2%0.0%4.1%3.6%358.0K-2.7M-5.3K0.0063.96001,966162