OGE Options History — April 2012

In April 2012, OGE traded between $25.46 and $26.98. ATM implied volatility averaged 45.7%, placing in the 30.6% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 32.3% (HV 20d: 13.4%). Max pain ranged from $25.00 to $25.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2012-04-09: Highest Volume — 80 contracts
  • 2012-04-12: Largest IV drop — 30.9% change
  • 2012-04-11: Highest IV Rank — 39.1%
  • 2012-04-04: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.22$25.46$26.98$26.75$26.98
Max Pain$25.00$25.00$25.00$25.00$25.00
ATM IV45.7%38.5%55.6%50.2%50.3%
Expected Move12.4%10.4%15.0%14.4%14.4%
HV 20d13.4%9.8%15.1%10.7%14.7%
HV 60d13.4%12.5%14.1%12.7%13.0%
IV Rank30.6%24.2%39.1%34.4%34.5%
IV Percentile86.7%79.0%94.4%90.9%89.3%
Term Structure-14.1%-46.2%17.3%-21.8%-46.2%
Skew 25d1.5%1.0%2.3%1.5%1.0%
Skew 10d5.8%3.7%7.8%6.2%7.6%
Call IV 25d61.9%51.1%75.8%70.9%70.5%
Put IV 25d63.4%52.5%78.2%72.3%71.5%
Bid-Ask Spread %129.80128.89130.95129.31129.57
Gamma HHI0.440.350.570.490.40
Net GEX30.2K22.4K38.7K32.7K33.8K
Net DEX-409.8K-505.3K-226.2K-482.1K-412.8K
Net VEX-3.1K-3.5K-2.8K-2.9K-2.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume12.8080200
Total OI809.8746862782746

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2012-04-02$26.75$25.0050.2%14.4%10.7%34.4%0.0%1.5%-21.8%32.7K-482.1K-2.9K0.00129.31200588194
2012-04-03$26.75$25.0051.6%14.8%9.8%35.6%0.0%1.5%-43.1%32.8K-505.3K-3.1K0.00129.1000608194
2012-04-04$26.48$25.0052.4%15.0%10.4%36.3%0.0%1.8%-25.6%31.4K-441.5K-3.0K0.00129.9400608194
2012-04-05$26.13$25.0041.3%11.8%11.5%26.7%0.0%2.3%17.3%29.9K-411.0K-3.0K0.00130.95200608194
2012-04-09$25.96$0.0050.1%10.4%11.4%34.3%0.0%1.4%-4.4%38.7K-463.9K-2.8K0.00129.54800628194
2012-04-10$25.46$0.0053.4%10.9%13.0%37.1%0.0%1.3%-8.2%29.0K-336.0K-3.3K0.00128.9600668194
2012-04-11$25.59$0.0055.6%11.0%13.0%39.1%0.0%1.3%-8.2%29.9K-352.4K-3.2K0.00129.5200668194
2012-04-12$25.82$0.0038.5%11.0%13.5%24.2%0.0%1.4%-7.8%30.3K-460.8K-3.5K0.00128.89200668194
2012-04-13$25.65$0.0039.3%11.3%13.5%24.9%0.0%1.4%-8.5%30.3K-391.7K-3.3K0.00129.9300668194
2012-04-16$25.86$0.0040.6%11.7%13.9%26.1%0.0%1.5%-9.5%31.7K-441.3K-3.3K0.00129.6600668194
2012-04-17$26.18$0.0040.2%11.5%14.7%25.8%0.0%1.5%-4.3%33.5K-504.1K-3.3K0.00129.5800668194
2012-04-18$26.00$0.0041.3%11.8%14.8%26.7%0.0%1.6%-8.3%34.1K-389.8K-2.8K0.00130.6900668194
2012-04-19$25.95$0.0042.5%12.2%14.7%27.7%0.0%1.6%-9.0%33.3K-461.6K-3.2K0.00130.04480668194
2012-04-20$26.30$0.0041.8%12.0%15.1%27.2%0.0%1.6%-14.6%23.0K-486.5K-3.2K0.00130.01680620194
2012-04-23$26.09$0.0045.3%13.0%14.7%30.2%0.0%1.8%-10.7%22.4K-226.2K-2.8K0.00130.8400552194
2012-04-24$26.34$0.0043.3%12.4%14.7%28.4%0.0%1.7%-17.0%23.3K-315.7K-3.1K0.00130.4000552194
2012-04-25$26.63$0.0044.8%12.8%15.1%29.7%0.0%1.4%-16.9%25.9K-363.2K-3.1K0.00129.7000552194
2012-04-26$26.68$0.0045.7%13.1%14.8%30.5%0.0%1.3%-17.5%27.1K-367.0K-3.1K0.00129.7600552194
2012-04-27$26.84$0.0046.8%13.4%14.7%31.5%0.0%1.0%-17.9%31.7K-383.6K-3.0K0.00129.5000552194
2012-04-30$26.98$0.0050.3%14.4%14.7%34.5%0.0%1.0%-46.2%33.8K-412.8K-2.9K0.00129.5700552194