OGE Options History — February 2019

In February 2019, OGE traded between $40.49 and $42.69. ATM implied volatility averaged 15.7%, placing in the 5.5% IV rank vs the trailing year. The 30-day expected move averaged 4.9%. IV traded above realized volatility by 1.0% (HV 20d: 14.7%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.62.

Notable Days

2019-02-14: Highest Volume — 234 contracts
2019-02-22: Largest IV spike — 63.0% change
2019-02-22: Highest IV Rank — 11.3%
2019-02-05: Largest Expected Move — 8.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.63	$40.49	$42.69	$40.64	$42.49
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	15.7%	10.5%	21.2%	12.3%	13.8%
Expected Move	4.9%	3.3%	8.0%	5.8%	4.0%
HV 20d	14.7%	12.5%	19.2%	19.2%	12.6%
HV 60d	19.8%	19.3%	20.4%	20.4%	19.5%
IV Rank	5.5%	0.0%	11.3%	1.0%	3.5%
IV Percentile	19.2%	0.0%	49.6%	1.6%	9.1%
Term Structure	1.5%	-12.1%	15.4%	-4.1%	9.7%
VWIV	16.1%	11.3%	21.5%	19.8%	14.1%
Skew 25d	13.9%	-5.3%	77.4%	64.9%	8.3%
Skew 10d	25.5%	-6.6%	129.7%	120.3%	5.7%
Call IV 25d	13.8%	8.0%	22.8%	15.4%	10.5%
Put IV 25d	27.6%	10.3%	95.2%	80.2%	18.7%
Bid-Ask Spread %	107.84	85.43	131.40	109.90	85.43
Gamma HHI	0.68	0.49	0.84	0.83	0.49
Net GEX	79.9K	52.9K	98.1K	93.0K	59.8K
Net DEX	-1.8M	-2.4M	-1.1M	-1.2M	-2.3M
Net VEX	-3.8K	-4.5K	-3.2K	-3.6K	-4.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.62	0.00	3.00	2.05	0.71
Total Volume	56.632	0	234	67	29
Total OI	925.579	775	1,103	777	1,103

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
2019-02-01	$40.64	$40.00	12.3%	5.8%	19.2%	1.0%	19.8%	64.9%	-4.1%	93.0K	-1.2M	-3.6K	2.05	109.90	22	45	561	216
2019-02-04	$40.66	$40.00	10.5%	4.9%	18.9%	0.0%	0.0%	5.0%	-0.2%	98.1K	-1.3M	-3.5K	0.00	106.14	0	1	561	216
2019-02-05	$40.68	$40.00	15.4%	8.0%	18.8%	5.2%	0.0%	77.4%	-12.1%	81.4K	-1.1M	-3.9K	0.00	115.45	0	1	561	216
2019-02-06	$40.49	$40.00	16.6%	4.7%	17.2%	6.4%	0.0%	-5.3%	1.4%	93.9K	-1.2M	-3.7K	0.00	107.70	0	0	561	216
2019-02-07	$41.16	$40.00	19.0%	5.4%	17.3%	9.0%	19.0%	23.4%	-2.4%	83.2K	-1.4M	-3.3K	0.00	108.56	1	0	561	216
2019-02-08	$41.26	$40.00	19.7%	5.7%	16.3%	9.7%	19.7%	34.1%	0.7%	78.6K	-1.3M	-3.6K	0.02	104.13	126	3	559	216
2019-02-11	$41.42	$40.00	19.6%	5.6%	15.9%	9.6%	0.0%	16.0%	6.0%	73.4K	-1.5M	-4.1K	0.00	116.00	35	0	624	219
2019-02-12	$41.40	$40.00	17.5%	5.0%	14.7%	7.4%	17.4%	-1.4%	-0.6%	95.8K	-1.7M	-3.5K	0.00	99.78	39	0	640	219
2019-02-13	$41.53	$40.00	18.3%	5.3%	13.1%	8.3%	18.4%	-1.3%	-1.0%	95.8K	-1.7M	-3.5K	1.00	101.69	32	32	638	219
2019-02-14	$41.75	$40.00	18.6%	5.3%	13.2%	8.6%	15.5%	5.5%	-1.8%	88.4K	-1.8M	-3.2K	0.45	108.42	161	73	637	219
2019-02-15	$41.84	$40.00	14.5%	4.1%	13.2%	4.2%	12.3%	-2.3%	-3.0%	84.2K	-2.0M	-4.3K	0.02	108.20	160	3	715	274
2019-02-19	$42.01	$40.00	14.8%	4.2%	13.2%	4.5%	17.2%	1.4%	6.3%	90.7K	-2.0M	-4.5K	0.05	99.45	19	1	751	261
2019-02-20	$41.92	$40.00	11.4%	3.3%	13.1%	0.9%	11.9%	0.4%	15.4%	64.4K	-2.2M	-3.6K	0.03	125.25	69	2	766	262
2019-02-21	$42.57	$40.00	13.0%	3.7%	13.0%	2.7%	11.3%	2.0%	5.7%	52.9K	-2.4M	-3.8K	0.04	100.38	89	4	813	263
2019-02-22	$42.69	$40.00	21.2%	6.1%	12.9%	11.3%	13.5%	14.1%	6.1%	70.4K	-2.3M	-3.8K	0.07	131.40	61	4	780	263
2019-02-25	$42.12	$40.00	13.3%	3.8%	12.7%	3.0%	16.8%	6.0%	-0.4%	70.6K	-2.2M	-4.2K	3.00	88.93	4	12	816	263
2019-02-26	$41.99	$40.00	16.9%	4.8%	12.5%	6.7%	21.5%	6.0%	-5.7%	87.8K	-2.1M	-4.2K	1.71	107.49	7	12	814	274
2019-02-27	$42.26	$40.00	12.2%	3.5%	12.5%	1.8%	13.5%	9.8%	9.0%	55.5K	-2.2M	-3.6K	0.71	124.73	17	12	819	274
2019-02-28	$42.49	$40.00	13.8%	4.0%	12.6%	3.5%	14.1%	8.3%	9.7%	59.8K	-2.3M	-4.0K	0.71	85.43	17	12	829	274