OGE Options History — April 2018

In April 2018, OGE traded between $31.56 and $32.96. ATM implied volatility averaged 29.6%, placing in the 18.4% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 11.8% (HV 20d: 17.8%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 1.62.

Notable Days

  • 2018-04-03: Highest Volume — 432 contracts
  • 2018-04-27: Largest IV spike — 128.5% change
  • 2018-04-09: Highest IV Rank — 38.4%
  • 2018-04-04: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.43$31.56$32.96$32.15$32.96
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV29.6%15.0%51.5%40.5%38.6%
Expected Move8.0%4.3%12.8%11.6%11.1%
HV 20d17.8%15.5%19.5%19.0%15.5%
HV 60d22.6%21.9%24.0%23.5%22.1%
IV Rank18.4%5.1%38.4%28.3%26.6%
IV Percentile65.3%23.4%88.1%81.3%79.4%
Term Structure-3.1%-49.0%14.8%-49.0%-0.2%
VWIV27.8%15.6%91.0%28.0%31.9%
Skew 25d0.1%-83.7%14.2%-24.6%14.2%
Skew 10d10.0%-36.6%68.8%34.3%-36.6%
Call IV 25d22.6%12.8%110.0%38.5%15.5%
Put IV 25d22.7%13.8%33.8%13.8%29.7%
Bid-Ask Spread %130.9492.13139.70138.95137.97
Gamma HHI0.520.480.590.490.57
Net GEX7.5K-26.6K25.0K18222.8K
Net DEX-83.1K-290.3K134.4K13.6K-230.7K
Net VEX-3.5K-4.8K-2.9K-3.8K-3.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.621.064.021.061.61
Total Volume373.952246432423319
Total OI921.762821972909850

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-04-02$32.15$30.0040.5%11.6%19.0%28.3%28.0%-24.6%-49.0%18213.6K-3.8K1.06138.95205218510399
2018-04-03$32.59$30.0026.8%7.7%17.8%15.9%15.6%-2.5%14.8%14.7K-172.4K-3.6K1.11131.93205227511410
2018-04-04$32.26$30.0044.5%12.8%15.7%32.0%91.0%-83.7%-36.1%6.7K-49.3K-4.4K1.11135.46205227511420
2018-04-05$32.85$30.0029.7%8.0%16.1%18.5%30.4%11.2%-3.3%15.0K-126.6K-4.2K1.23134.66184227511420
2018-04-06$32.44$30.0045.9%10.7%16.8%33.2%28.1%13.7%-16.0%9.6K-46.2K-4.8K1.23134.83184227511430
2018-04-09$32.17$30.0051.5%6.4%17.1%38.4%22.1%11.3%-10.2%6.0K-30.4K-3.7K1.27127.10179227520440
2018-04-10$31.87$30.0020.0%6.2%17.5%9.7%22.3%5.1%3.2%-7.6K110.8K-4.1K1.30128.34175227525440
2018-04-11$31.84$30.0025.1%7.2%17.5%14.3%24.9%2.9%6.4%-25.4K61.8K-3.7K1.30128.51175227526440
2018-04-12$31.61$30.0018.1%5.2%17.4%7.9%19.7%8.4%-2.7%-26.6K109.0K-2.9K1.30120.07175227526440
2018-04-13$31.56$30.0018.4%5.3%17.4%8.2%17.7%8.9%4.8%-10.1K134.4K-3.5K1.2892.13178227526440
2018-04-16$32.28$30.0017.3%5.0%18.7%7.2%19.8%11.3%7.8%10.2K-54.4K-3.4K1.29118.18176227530440
2018-04-17$32.65$30.0022.5%6.5%19.0%11.9%19.5%3.9%5.8%25.0K-168.4K-3.3K1.29129.93176227532440
2018-04-18$32.83$30.0030.2%8.6%19.0%18.9%26.8%5.8%2.1%24.2K-188.9K-3.1K1.29133.88176227532440
2018-04-19$32.80$30.0031.8%9.1%19.0%20.4%28.0%4.7%3.4%4.5K-108.9K-3.1K1.29135.52176227532440
2018-04-20$32.45$30.0022.4%6.4%19.5%11.8%24.6%12.9%13.0%5.8K-75.1K-3.2K1.29127.97176227532440
2018-04-23$32.53$30.0034.8%10.0%18.9%23.2%30.6%0.2%-6.2%11.7K-139.5K-3.2K4.02137.9849197414407
2018-04-24$32.65$30.0035.6%10.2%18.5%23.8%33.0%0.3%-2.7%9.1K-85.0K-3.2K4.02139.0149197416407
2018-04-25$32.78$30.0015.0%4.3%17.9%5.1%15.7%0.1%0.1%14.3K-140.7K-3.0K2.03138.3197197416407
2018-04-26$32.95$30.0015.8%4.5%18.0%5.8%20.7%-3.2%-0.4%25.0K-290.3K-3.1K1.99139.4099197455407
2018-04-27$32.90$30.0036.1%10.4%17.2%24.4%32.9%1.4%-0.5%21.8K-268.3K-3.4K1.73139.70114197457407
2018-04-30$32.96$30.0038.6%11.1%15.5%26.6%31.9%14.2%-0.2%22.8K-230.7K-3.3K1.61137.97122197443407