OGE Options History — February 2012

In February 2012, OGE traded between $26.02 and $26.88. ATM implied volatility averaged 36.9%, placing in the 44.2% IV rank vs the trailing year. The 30-day expected move averaged 9.1%. IV traded above realized volatility by 22.6% (HV 20d: 14.2%). 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 11 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-02-23: Highest Volume — 100 contracts
  • 2012-02-28: Largest IV spike — 119.4% change
  • 2012-02-06: Highest IV Rank — 88.6%
  • 2012-02-29: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.45$26.02$26.88$26.88$26.24
Max Pain$25.25$25.00$27.50$27.50$25.00
ATM IV36.9%10.4%63.3%53.2%55.6%
Expected Move9.1%3.0%15.9%15.3%15.9%
HV 20d14.2%12.8%16.9%13.1%15.6%
HV 60d19.4%17.0%21.2%21.1%17.0%
IV Rank44.2%0.0%88.6%70.9%76.1%
IV Percentile78.2%0.0%99.2%97.6%97.6%
Term Structure-3.8%-54.4%27.2%-47.6%-14.7%
VWIV12.6%9.8%17.6%10.3%9.8%
Skew 25d27.1%0.7%47.2%0.7%47.2%
Skew 10d21.8%5.9%50.3%7.3%18.5%
Call IV 25d27.9%10.3%77.9%74.8%24.3%
Put IV 25d55.0%21.2%79.5%75.4%71.6%
Bid-Ask Spread %128.01120.69133.09132.05128.63
Gamma HHI0.870.810.930.910.88
Net GEX180.0K131.9K284.0K284.0K157.0K
Net DEX-1.3M-1.8M-667.2K-1.4M-1.2M
Net VEX-6.1K-7.3K-4.4K-6.8K-5.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume9.8010000
Total OI1,925.41,8741,9501,8981,914

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-02-01$26.88$27.5053.2%15.3%13.1%70.9%0.0%0.7%-47.6%284.0K-1.4M-6.8K0.00132.05001,700198
2012-02-02$26.59$27.5054.8%15.7%13.3%73.7%0.0%1.6%-54.4%154.2K-1.6M-7.3K0.00133.092001,700198
2012-02-03$26.61$25.0056.6%5.6%13.3%76.9%0.0%14.8%11.3%155.5K-1.6M-7.3K0.00129.29001,720198
2012-02-06$26.64$25.0063.3%9.9%13.0%88.6%0.0%30.0%-17.0%131.9K-1.8M-7.3K0.00126.382801,720198
2012-02-07$26.77$25.0042.4%6.3%12.8%52.0%0.0%30.5%9.5%270.0K-1.4M-6.6K0.00124.99001,748198
2012-02-08$26.62$25.0034.4%5.7%12.8%37.9%0.0%37.3%12.5%171.4K-1.6M-7.0K0.00126.58001,748198
2012-02-09$26.61$25.0010.4%3.0%12.8%0.0%10.3%31.6%13.3%220.7K-1.4M-6.5K0.00126.07401,748198
2012-02-10$26.42$25.0017.0%4.9%12.9%11.1%0.0%27.3%1.3%175.0K-1.5M-6.6K0.00126.44001,752198
2012-02-13$26.45$25.0024.3%7.0%12.9%23.5%0.0%29.4%5.8%208.2K-1.2M-6.0K0.00120.69001,752198
2012-02-14$26.18$25.0041.9%12.0%13.2%53.1%0.0%29.9%-12.2%147.3K-1.3M-6.2K0.00129.31001,752198
2012-02-15$26.24$25.0040.7%11.7%13.1%51.1%0.0%30.3%-8.5%153.7K-1.3M-6.1K0.00129.60001,752198
2012-02-16$26.68$25.0021.3%6.1%14.8%18.3%0.0%21.8%14.8%174.2K-1.6M-6.4K0.00129.28001,752198
2012-02-17$26.48$25.0024.3%7.0%14.9%23.5%0.0%32.9%8.4%222.5K-1.0M-5.2K0.00124.12001,752198
2012-02-21$26.06$25.0045.8%13.1%15.6%59.6%17.6%33.0%-9.9%165.8K-667.2K-4.4K0.00122.952001,676198
2012-02-22$26.02$25.0027.0%7.7%15.6%28.0%0.0%10.3%-11.8%161.4K-943.6K-5.0K0.00127.620201,696198
2012-02-23$26.27$25.0021.8%6.2%15.3%19.2%9.8%37.8%27.2%156.5K-1.3M-5.7K0.00132.0610001,696218
2012-02-24$26.73$25.0024.3%7.0%16.6%23.5%0.0%27.0%5.0%181.5K-1.6M-5.9K0.00129.69001,696218
2012-02-27$26.43$25.0024.5%7.0%16.9%23.8%0.0%37.5%6.3%168.5K-1.4M-5.4K0.00130.35401,696218
2012-02-28$26.14$25.0053.7%15.4%15.7%73.0%0.0%32.1%-14.6%139.8K-1.3M-5.2K0.00130.92001,696218
2012-02-29$26.24$25.0055.6%15.9%15.6%76.1%0.0%47.2%-14.7%157.0K-1.2M-5.1K0.00128.63001,696218