OGE Options History — January 2019

In January 2019, OGE traded between $38.16 and $41.06. ATM implied volatility averaged 18.6%, placing in the 7.7% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded below realized volatility by 6.4% (HV 20d: 24.9%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.52.

Notable Days

2019-01-25: Highest Volume — 88 contracts
2019-01-09: Largest IV spike — 180.1% change
2019-01-09: Highest IV Rank — 32.9%
2019-01-09: Largest Expected Move — 12.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.89	$38.16	$41.06	$38.16	$41.06
Max Pain	$35.48	$35.00	$40.00	$40.00	$40.00
ATM IV	18.6%	11.4%	42.2%	19.0%	11.4%
Expected Move	5.8%	3.9%	12.1%	5.4%	5.1%
HV 20d	24.9%	19.0%	29.4%	25.3%	19.0%
HV 60d	21.2%	20.7%	21.9%	21.1%	20.8%
IV Rank	7.7%	0.0%	32.9%	8.1%	0.0%
IV Percentile	23.6%	0.4%	79.8%	32.1%	0.4%
Term Structure	-2.0%	-21.3%	5.4%	5.4%	-0.4%
VWIV	21.4%	12.4%	38.6%	24.3%	18.0%
Skew 25d	-7.7%	-42.7%	5.6%	0.1%	1.9%
Skew 10d	-4.9%	-57.3%	40.4%	-11.2%	4.1%
Call IV 25d	33.2%	16.9%	76.9%	18.9%	16.9%
Put IV 25d	25.5%	16.7%	65.5%	19.0%	18.8%
Bid-Ask Spread %	114.52	104.58	132.29	114.64	110.16
Gamma HHI	0.84	0.72	0.92	0.75	0.79
Net GEX	68.4K	42.1K	106.2K	42.1K	83.6K
Net DEX	-845.2K	-1.4M	-354.5K	-354.5K	-1.4M
Net VEX	-3.5K	-3.8K	-3.1K	-3.4K	-3.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.04	2.05	0.67	2.05
Total Volume	35.286	0	88	5	67
Total OI	658.476	604	777	635	777

Daily Data (21 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
2019-01-02	$38.16	$40.00	19.0%	5.4%	25.3%	8.1%	24.3%	0.1%	5.4%	42.1K	-354.5K	-3.4K	0.67	114.64	3	2	479	156
2019-01-03	$38.69	$35.00	25.6%	7.5%	25.9%	15.1%	26.7%	-15.8%	-6.7%	46.4K	-470.6K	-3.5K	0.05	111.92	44	2	479	156
2019-01-04	$39.16	$35.00	16.6%	5.2%	26.3%	5.6%	18.6%	3.0%	1.1%	52.4K	-546.7K	-3.6K	0.04	106.10	46	2	479	156
2019-01-07	$39.00	$35.00	14.1%	5.4%	26.2%	2.9%	0.0%	-6.2%	-0.4%	54.0K	-513.3K	-3.5K	0.00	104.58	0	5	479	156
2019-01-08	$39.90	$35.00	15.1%	9.4%	27.6%	3.9%	24.4%	-1.3%	-17.5%	44.5K	-665.5K	-3.7K	0.83	117.62	6	5	479	161
2019-01-09	$39.39	$35.00	42.2%	12.1%	27.5%	32.9%	38.6%	-1.1%	-21.3%	47.9K	-642.2K	-3.8K	0.50	132.29	10	5	484	161
2019-01-10	$40.08	$35.00	17.4%	5.0%	28.0%	6.4%	24.1%	-4.3%	0.2%	63.9K	-881.6K	-3.5K	0.83	113.08	18	15	484	161
2019-01-11	$39.75	$35.00	19.7%	5.6%	28.1%	8.8%	19.9%	-1.2%	-4.1%	70.0K	-842.4K	-3.5K	0.89	123.98	18	16	484	171
2019-01-14	$39.17	$35.00	17.2%	4.9%	28.2%	6.2%	0.0%	-6.2%	0.6%	62.1K	-579.1K	-3.4K	1.00	112.25	1	1	472	171
2019-01-15	$39.98	$35.00	17.7%	5.1%	29.4%	6.7%	0.0%	3.0%	-0.3%	66.3K	-798.5K	-3.4K	0.08	113.91	12	1	472	170
2019-01-16	$40.05	$35.00	16.5%	4.7%	26.1%	5.5%	16.5%	-5.8%	0.5%	61.6K	-798.5K	-3.4K	0.20	114.67	15	3	471	170
2019-01-17	$40.17	$35.00	15.8%	4.5%	26.0%	4.7%	15.8%	-0.7%	1.2%	66.5K	-825.3K	-3.3K	0.23	112.56	13	3	471	168
2019-01-18	$40.27	$35.00	18.5%	5.3%	25.9%	7.6%	18.5%	-31.7%	-1.7%	78.1K	-892.4K	-3.3K	0.23	115.36	13	3	472	168
2019-01-22	$40.09	$35.00	14.8%	4.2%	25.9%	3.7%	15.1%	-1.6%	1.2%	84.5K	-863.7K	-3.1K	0.15	117.41	67	10	450	154
2019-01-23	$40.74	$35.00	14.9%	4.3%	26.5%	3.8%	14.9%	-6.6%	2.3%	83.6K	-1.2M	-3.6K	0.16	107.06	67	11	515	164
2019-01-24	$40.99	$35.00	13.8%	3.9%	19.9%	2.5%	12.4%	-4.9%	5.3%	83.4K	-1.3M	-3.3K	0.19	113.94	68	13	515	164
2019-01-25	$40.39	$35.00	17.8%	5.1%	20.3%	6.8%	17.8%	-39.8%	-1.9%	92.8K	-1.1M	-3.6K	0.13	114.82	78	10	521	171
2019-01-28	$40.15	$35.00	15.8%	4.5%	20.5%	4.8%	0.0%	5.6%	-1.1%	106.2K	-1.0M	-3.4K	0.00	112.16	0	0	518	171
2019-01-29	$40.14	$35.00	16.0%	4.6%	20.5%	4.9%	0.0%	-5.4%	1.5%	90.2K	-1.1M	-3.4K	0.00	114.10	0	0	518	171
2019-01-30	$40.31	$35.00	30.8%	8.8%	20.5%	20.8%	37.5%	-42.7%	-5.7%	55.9K	-973.6K	-3.6K	1.05	122.22	43	45	518	171
2019-01-31	$41.06	$40.00	11.4%	5.1%	19.0%	0.0%	18.0%	1.9%	-0.4%	83.6K	-1.4M	-3.6K	2.05	110.16	22	45	561	216