OGE Options History — January 2012

In January 2012, OGE traded between $26.29 and $27.98. ATM implied volatility averaged 43.3%, placing in the 57.4% IV rank vs the trailing year. The 30-day expected move averaged 10.7%. IV traded above realized volatility by 26.0% (HV 20d: 17.3%). Max pain ranged from $25.00 to $27.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-01-04: Highest Volume — 32 contracts
  • 2012-01-05: Largest IV spike — 234.0% change
  • 2012-01-06: Highest IV Rank — 100.0%
  • 2012-01-05: Largest Expected Move — 15.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.54$26.29$27.98$27.84$26.43
Max Pain$27.13$25.00$27.50$25.00$27.50
ATM IV43.3%16.2%69.8%18.2%51.6%
Expected Move10.7%4.6%15.5%5.2%14.8%
HV 20d17.3%10.8%22.4%22.0%12.5%
HV 60d23.4%21.3%25.0%25.0%21.3%
IV Rank57.4%8.0%100.0%12.9%68.1%
IV Percentile88.5%11.9%100.0%35.3%97.2%
Term Structure-15.4%-53.0%17.7%1.2%-53.0%
VWIV39.5%27.0%58.5%27.0%34.8%
Skew 25d17.5%1.0%47.8%2.1%38.0%
Skew 10d14.7%2.8%62.6%2.8%35.7%
Call IV 25d36.7%11.5%72.4%15.5%37.7%
Put IV 25d54.3%17.5%76.0%17.6%75.7%
Bid-Ask Spread %122.0855.54133.3956.62132.92
Gamma HHI0.820.720.900.880.88
Net GEX158.6K100.8K307.2K192.8K155.8K
Net DEX-2.3M-2.6M-1.3M-2.6M-1.4M
Net VEX-8.7K-9.6K-6.8K-9.5K-7.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume4.903240
Total OI1,931.71,8981,9581,9541,898

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-01-03$27.84$25.0018.2%5.2%22.0%12.9%0.0%2.1%1.2%192.8K-2.6M-9.5K0.0056.62401,756198
2012-01-04$27.96$25.0016.2%4.6%22.0%8.0%27.0%3.5%4.3%189.8K-2.6M-9.5K0.0055.543201,760198
2012-01-05$27.98$25.0054.1%15.5%22.0%98.5%58.5%27.3%-36.0%147.0K-2.6M-9.6K0.00129.693201,752198
2012-01-06$27.68$27.5056.0%9.5%22.4%100.0%0.0%1.1%-7.1%144.6K-2.5M-9.6K0.00130.54001,740198
2012-01-09$27.88$27.5062.3%10.7%21.8%100.0%0.0%1.0%-14.0%146.7K-2.6M-9.3K0.00126.63001,740198
2012-01-10$27.95$27.5065.0%10.8%21.5%100.0%37.5%1.1%-13.5%135.6K-2.6M-9.3K0.00126.421801,740198
2012-01-11$27.86$27.5069.8%8.1%21.5%100.0%0.0%30.5%5.7%100.8K-2.5M-9.4K0.00122.48001,754198
2012-01-12$27.75$27.5039.7%11.4%21.6%47.1%0.0%25.6%-16.4%151.7K-2.5M-9.2K0.00125.99401,754198
2012-01-13$27.68$27.5036.2%10.4%21.0%41.0%34.8%36.0%-8.7%136.9K-2.5M-9.2K0.00131.43401,754198
2012-01-17$27.68$27.5038.4%11.0%20.5%44.9%0.0%1.2%-10.0%139.3K-2.5M-8.9K0.00127.33201,754198
2012-01-18$27.77$27.5038.9%11.2%19.7%45.8%0.0%1.2%-10.1%138.2K-2.5M-8.8K0.00131.27001,754198
2012-01-19$27.75$27.5039.6%11.3%18.5%47.0%0.0%1.2%-10.6%139.0K-2.5M-8.8K0.00130.87001,754198
2012-01-20$27.75$27.5040.2%11.5%11.8%48.1%0.0%1.2%-11.0%164.6K-2.5M-8.7K0.00131.55001,754198
2012-01-23$27.79$27.5027.5%7.9%10.8%25.8%0.0%44.6%17.7%138.2K-2.4M-8.3K0.00130.53001,702198
2012-01-24$27.65$27.5043.5%12.5%10.8%53.8%0.0%1.3%-13.2%138.1K-2.4M-8.2K0.00131.55001,702198
2012-01-25$27.20$27.5044.7%12.8%12.0%55.9%0.0%46.6%-35.4%307.2K-1.9M-7.8K0.00127.93001,702198
2012-01-26$27.03$27.5027.2%7.8%11.2%25.2%0.0%47.8%-3.0%172.8K-1.9M-8.0K0.00127.92201,702198
2012-01-27$26.84$27.5046.8%13.4%11.2%59.6%0.0%37.7%-43.0%160.4K-1.8M-7.8K0.00131.00001,700198
2012-01-30$26.29$27.5050.1%14.4%12.1%65.5%0.0%1.9%-52.6%172.0K-1.3M-6.8K0.00133.39001,700198
2012-01-31$26.43$27.5051.6%14.8%12.5%68.1%0.0%38.0%-53.0%155.8K-1.4M-7.2K0.00132.92001,700198