OGE Options History — February 2018

In February 2018, OGE traded between $29.65 and $33.01. ATM implied volatility averaged 47.3%, placing in the 34.5% IV rank vs the trailing year. The 30-day expected move averaged 11.8%. IV traded above realized volatility by 24.2% (HV 20d: 23.1%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 13 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 0.29.

Notable Days

2018-02-23: Highest Volume — 400 contracts
2018-02-15: Largest IV spike — 85.2% change
2018-02-06: Highest IV Rank — 71.5%
2018-02-15: Largest Expected Move — 18.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.17	$29.65	$33.01	$31.96	$31.38
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	47.3%	18.7%	87.9%	48.6%	54.5%
Expected Move	11.8%	5.4%	18.9%	8.5%	15.6%
HV 20d	23.1%	19.2%	30.4%	20.8%	30.4%
HV 60d	18.9%	16.5%	22.5%	16.5%	22.3%
IV Rank	34.5%	8.4%	71.5%	35.7%	41.1%
IV Percentile	85.5%	55.6%	98.0%	91.7%	90.9%
Term Structure	-21.1%	-43.7%	8.6%	-23.7%	-19.2%
VWIV	23.7%	12.1%	47.0%	25.4%	47.0%
Skew 25d	31.2%	-8.7%	86.6%	-0.0%	71.4%
Skew 10d	61.2%	-0.1%	113.7%	28.0%	110.7%
Call IV 25d	22.2%	15.2%	33.0%	23.1%	21.7%
Put IV 25d	53.4%	19.2%	110.8%	23.0%	93.0%
Bid-Ask Spread %	129.64	121.09	138.99	124.72	127.29
Gamma HHI	0.52	0.43	0.63	0.63	0.55
Net GEX	6.0K	-8.8K	26.9K	13.8K	18.8K
Net DEX	-65.2K	-216.6K	92.7K	-168.0K	-52.2K
Net VEX	-2.1K	-3.2K	-1.3K	-1.7K	-3.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.29	0.10	0.68	0.31	0.16
Total Volume	224.105	97	400	98	339
Total OI	623.316	554	857	554	857

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2018-02-01	$31.96	$30.00	48.6%	8.5%	20.8%	35.7%	25.4%	-0.0%	-23.7%	13.8K	-168.0K	-1.7K	0.31	124.72	75	23	414	140
2018-02-02	$31.37	$30.00	44.4%	9.7%	21.7%	31.9%	27.9%	3.0%	-25.0%	12.0K	-147.1K	-1.8K	0.29	126.39	75	22	414	140
2018-02-05	$30.77	$30.00	64.9%	10.7%	22.6%	50.6%	24.1%	-4.9%	-34.0%	7.4K	-110.1K	-1.5K	0.17	124.89	165	28	414	141
2018-02-06	$30.29	$30.00	87.9%	9.3%	22.7%	71.5%	17.9%	24.7%	-9.2%	8.3K	-37.3K	-1.7K	0.24	125.55	163	39	414	141
2018-02-07	$30.35	$30.00	61.3%	17.6%	22.0%	47.3%	23.2%	54.9%	-36.6%	8.2K	-90.5K	-1.9K	0.29	134.00	163	48	418	139
2018-02-08	$29.65	$30.00	60.1%	17.2%	19.2%	46.2%	21.6%	70.5%	-41.6%	5.7K	-61.4K	-2.0K	0.29	133.66	163	48	418	156
2018-02-09	$30.40	$30.00	39.1%	11.2%	21.0%	27.0%	23.2%	76.6%	-2.2%	4.3K	-19.8K	-1.8K	0.29	121.09	163	48	418	156
2018-02-12	$30.88	$30.00	18.7%	5.4%	21.0%	8.4%	16.5%	3.5%	0.2%	-1.7K	-18.3K	-1.5K	0.29	122.14	163	48	418	156
2018-02-13	$31.01	$30.00	27.7%	7.9%	20.8%	16.6%	17.3%	2.1%	-16.9%	-609	-82.0K	-1.3K	0.68	132.06	163	111	421	156
2018-02-14	$30.81	$30.00	35.6%	10.2%	20.2%	23.9%	22.1%	6.2%	-30.6%	-8.8K	38.4K	-2.1K	0.68	131.83	163	111	421	224
2018-02-15	$31.32	$30.00	66.0%	18.9%	21.1%	51.6%	25.1%	86.6%	-43.7%	861	-108.0K	-2.4K	0.26	134.44	163	43	421	224
2018-02-16	$31.58	$30.00	63.2%	18.1%	21.3%	49.0%	20.5%	71.1%	-40.1%	-376	-132.9K	-2.5K	0.29	135.06	149	43	421	229
2018-02-20	$31.22	$30.00	28.6%	8.2%	21.6%	17.5%	19.3%	0.8%	8.6%	-7.9K	83.2K	-1.9K	0.25	130.22	129	32	361	198
2018-02-21	$30.88	$30.00	45.4%	13.0%	21.5%	32.8%	21.3%	-8.7%	-27.2%	-4.6K	92.7K	-2.0K	0.25	130.22	150	37	361	198
2018-02-22	$31.45	$30.00	53.5%	15.3%	22.4%	40.2%	19.2%	77.1%	-6.5%	6.7K	-6.6K	-2.6K	0.29	126.38	128	37	394	204
2018-02-23	$33.01	$30.00	34.7%	10.0%	28.5%	23.1%	12.1%	56.7%	4.0%	16.8K	-216.6K	-2.9K	0.10	138.99	363	37	395	214
2018-02-26	$32.25	$30.00	29.5%	8.4%	29.7%	18.3%	31.1%	0.6%	-30.2%	26.9K	-189.7K	-3.2K	0.14	134.08	266	37	608	214
2018-02-27	$31.63	$30.00	34.5%	9.9%	30.2%	22.8%	34.8%	0.6%	-26.6%	7.8K	-12.1K	-2.5K	0.17	130.16	276	47	611	214
2018-02-28	$31.38	$30.00	54.5%	15.6%	30.4%	41.1%	47.0%	71.4%	-19.2%	18.8K	-52.2K	-3.2K	0.16	127.29	292	47	621	236