OGE Options History — May 2018

In May 2018, OGE traded between $32.77 and $35.09. ATM implied volatility averaged 23.1%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 8.0% (HV 20d: 15.1%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 21 of 22 trading days. Term structure was in contango for 14 of 22 days. Put/call ratio averaged 0.63.

Notable Days

  • 2018-05-15: Highest Volume — 179 contracts
  • 2018-05-11: Largest IV spike — 345.4% change
  • 2018-05-11: Highest IV Rank — 37.6%
  • 2018-05-11: Largest Expected Move — 14.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.93$32.77$35.09$32.77$35.05
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV23.1%11.4%50.6%39.9%25.9%
Expected Move6.3%3.3%14.5%11.4%7.4%
HV 20d15.1%13.9%16.0%15.0%15.9%
HV 60d19.3%15.2%21.8%21.8%15.2%
IV Rank12.5%1.8%37.6%27.8%15.0%
IV Percentile43.6%4.4%88.5%81.0%63.9%
Term Structure2.5%-23.7%31.8%9.8%2.7%
VWIV20.6%10.4%44.0%36.7%25.5%
Skew 25d28.1%-47.2%97.6%4.8%64.4%
Skew 10d23.8%-63.6%102.6%-14.8%89.7%
Call IV 25d27.9%9.7%77.2%21.3%52.0%
Put IV 25d56.0%11.5%126.7%26.1%116.4%
Bid-Ask Spread %109.8235.94140.15140.15118.91
Gamma HHI0.760.490.900.510.88
Net GEX54.3K-12.8K109.7K-12.8K96.0K
Net DEX-447.5K-828.9K-185.1K-185.1K-758.6K
Net VEX-3.1K-4.2K-2.6K-3.3K-3.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.351.230.590.44
Total Volume158.864124179173156
Total OI850.227781877860876

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2018-05-01$32.77$30.0039.9%11.4%15.0%27.8%36.7%4.8%9.8%-12.8K-185.1K-3.3K0.59140.1510964453407
2018-05-02$33.08$30.0043.9%12.6%14.8%31.4%39.3%-9.9%-1.3%28.5K-309.2K-3.5K1.07139.656064457405
2018-05-03$33.63$30.0044.5%8.1%14.5%32.0%21.8%87.3%10.2%35.8K-440.0K-3.4K0.96131.106764467405
2018-05-04$34.14$30.0013.3%3.7%14.4%3.6%13.5%40.7%1.1%67.8K-539.9K-3.2K1.12116.856674472405
2018-05-07$34.41$30.0011.5%4.4%13.9%1.9%15.3%32.1%-2.1%72.4K-591.2K-3.0K1.23126.436074460395
2018-05-08$33.91$30.0025.9%4.2%14.6%15.0%16.0%-2.4%-1.8%56.4K-556.2K-3.2K1.08101.026065463405
2018-05-09$33.58$30.0014.7%4.2%15.3%4.8%16.0%92.4%5.2%41.9K-421.8K-3.2K1.08112.866065463406
2018-05-10$34.19$30.0011.4%3.3%15.7%1.8%11.7%-19.7%3.1%65.5K-519.7K-3.0K0.59114.4211165463406
2018-05-11$34.17$30.0050.6%14.5%15.7%37.6%44.0%0.5%-20.3%11.2K-441.0K-4.2K0.48127.2111254433406
2018-05-14$33.94$30.0013.2%3.8%14.5%3.4%13.6%84.8%7.0%54.3K-434.4K-2.9K0.52107.7111258433405
2018-05-15$33.55$30.0036.1%10.4%14.9%24.3%39.9%-47.2%-23.7%22.3K-591.4K-3.0K0.48127.8712158433410
2018-05-16$33.63$30.0013.0%3.7%14.8%3.2%13.5%20.4%4.7%48.4K-303.6K-2.9K0.4879.3412158443409
2018-05-17$33.32$30.0013.7%3.9%15.3%3.9%15.1%-5.1%-0.2%36.0K-220.0K-2.9K0.52106.5811158443409
2018-05-18$33.32$30.0024.9%7.1%14.7%14.1%22.8%1.5%-1.3%36.5K-216.4K-2.6K0.51119.3611157444409
2018-05-21$33.59$30.0015.6%4.5%14.9%5.6%13.3%0.5%9.2%54.1K-221.1K-2.7K0.36121.1112846403378
2018-05-22$33.65$30.0016.7%4.8%14.8%6.7%10.4%14.4%31.8%59.7K-451.9K-2.8K0.3668.5712846460378
2018-05-23$34.09$30.0027.2%7.8%15.4%16.2%21.6%97.6%15.9%51.8K-346.2K-3.4K0.39119.2011846460378
2018-05-24$34.35$30.0014.3%4.1%15.5%4.5%14.5%28.4%1.9%85.3K-468.7K-3.2K0.3835.9412046460378
2018-05-25$34.41$30.0018.5%5.3%15.4%8.3%16.3%69.9%0.4%89.5K-505.1K-2.8K0.38108.5112146462378
2018-05-29$34.48$30.0018.7%5.3%15.4%8.4%18.5%93.6%-0.8%83.1K-495.4K-3.0K0.35115.7413246464378
2018-05-30$35.09$30.0014.3%4.1%16.0%4.5%13.8%-31.7%2.7%109.7K-828.9K-2.9K0.4177.4411146465378
2018-05-31$35.05$30.0025.9%7.4%15.9%15.0%25.5%64.4%2.7%96.0K-758.6K-3.3K0.44118.9110848498378