OGE Options History — March 2019

In March 2019, OGE traded between $41.91 and $43.59. ATM implied volatility averaged 18.1%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 7.0% (HV 20d: 11.1%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.07.

Notable Days

2019-03-15: Highest Volume — 118 contracts
2019-03-05: Largest IV spike — 89.4% change
2019-03-08: Highest IV Rank — 25.2%
2019-03-08: Largest Expected Move — 9.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.70	$41.91	$43.59	$42.42	$43.09
Max Pain	$39.00	$35.00	$45.00	$40.00	$40.00
ATM IV	18.1%	11.9%	34.4%	14.8%	16.4%
Expected Move	4.8%	3.4%	9.9%	4.2%	3.6%
HV 20d	11.1%	9.3%	12.7%	11.1%	12.6%
HV 60d	17.8%	14.5%	19.5%	19.4%	14.5%
IV Rank	8.1%	1.5%	25.2%	4.5%	6.2%
IV Percentile	29.6%	2.4%	77.0%	13.9%	25.8%
Term Structure	-1.9%	-24.6%	8.5%	-1.6%	-1.6%
VWIV	21.5%	12.1%	52.3%	12.7%	24.3%
Skew 25d	-2.1%	-8.1%	6.2%	2.1%	-4.9%
Skew 10d	-2.7%	-9.3%	5.0%	2.2%	-4.9%
Call IV 25d	16.8%	11.7%	23.2%	11.7%	17.2%
Put IV 25d	14.7%	9.4%	25.3%	13.9%	12.3%
Bid-Ask Spread %	90.84	46.00	122.00	89.00	102.29
Gamma HHI	0.61	0.49	0.80	0.50	0.71
Net GEX	62.1K	42.5K	95.4K	55.9K	52.9K
Net DEX	-1.8M	-2.6M	-1.0M	-2.4M	-1.2M
Net VEX	-3.9K	-4.5K	-3.5K	-3.6K	-3.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.07	0.00	1.29	1.29	0.00
Total Volume	38.714	9	118	39	29
Total OI	924.524	666	1,231	1,103	673

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
2019-03-01	$42.42	$40.00	14.8%	4.2%	11.1%	4.5%	12.7%	2.1%	-1.6%	55.9K	-2.4M	-3.6K	1.29	89.00	17	22	829	274
2019-03-04	$42.30	$40.00	12.6%	3.6%	10.4%	2.2%	0.0%	4.2%	-11.6%	42.5K	-2.3M	-3.7K	0.00	81.60	9	0	829	284
2019-03-05	$42.02	$40.00	23.8%	6.8%	10.8%	14.0%	33.1%	6.2%	-6.4%	90.3K	-2.2M	-4.2K	0.00	59.60	18	0	834	284
2019-03-06	$41.91	$40.00	17.0%	4.9%	10.9%	6.8%	23.2%	0.2%	0.7%	64.8K	-2.2M	-4.0K	0.05	46.00	62	3	840	284
2019-03-07	$42.10	$40.00	28.4%	8.2%	10.7%	19.0%	40.4%	5.0%	3.4%	94.0K	-2.2M	-4.3K	0.07	59.29	42	3	857	287
2019-03-08	$42.28	$40.00	34.4%	9.9%	9.3%	25.2%	52.3%	1.3%	-3.7%	95.4K	-2.2M	-4.1K	0.09	60.15	32	3	851	287
2019-03-11	$42.74	$35.00	28.3%	4.1%	9.9%	18.8%	0.0%	-2.3%	0.0%	48.6K	-2.4M	-3.5K	0.00	94.90	99	0	849	287
2019-03-12	$42.92	$35.00	11.9%	4.1%	9.9%	1.5%	14.9%	-8.1%	0.5%	62.2K	-2.3M	-3.9K	0.00	88.42	40	0	855	287
2019-03-13	$42.82	$35.00	12.4%	4.1%	10.0%	2.0%	14.4%	-5.7%	-0.3%	61.9K	-2.5M	-4.1K	0.00	90.38	71	0	890	287
2019-03-14	$42.78	$35.00	13.1%	4.2%	10.0%	2.8%	15.5%	-6.1%	-0.5%	71.9K	-2.5M	-4.5K	0.00	93.34	20	0	942	287
2019-03-15	$42.99	$35.00	11.9%	4.1%	10.0%	1.5%	15.2%	-5.4%	-0.3%	68.2K	-2.6M	-4.4K	0.00	92.92	118	0	944	287
2019-03-18	$42.74	$0.00	17.8%	4.9%	10.3%	7.7%	0.0%	-0.8%	8.5%	52.8K	-1.1M	-3.9K	0.00	112.22	24	0	512	161
2019-03-19	$41.97	$0.00	27.7%	4.5%	12.3%	18.2%	0.0%	-7.3%	-24.6%	47.9K	-1.0M	-3.9K	0.00	103.94	17	0	510	161
2019-03-20	$42.23	$0.00	19.9%	5.7%	12.5%	10.0%	0.0%	-3.7%	-0.2%	50.6K	-1.1M	-3.6K	0.00	122.00	17	0	517	161
2019-03-21	$42.90	$0.00	17.2%	3.4%	12.5%	7.1%	0.0%	0.4%	-2.3%	55.0K	-1.2M	-3.8K	0.00	103.03	29	0	517	161
2019-03-22	$43.20	$0.00	16.5%	4.7%	12.7%	6.3%	0.0%	-3.6%	2.1%	60.0K	-1.3M	-3.7K	0.00	110.35	32	0	529	161
2019-03-25	$43.38	$0.00	13.1%	4.3%	11.6%	2.8%	15.3%	-5.0%	0.1%	57.6K	-1.3M	-3.8K	0.00	98.66	33	0	531	161
2019-03-26	$43.59	$45.00	12.1%	3.4%	11.5%	1.7%	14.6%	-3.0%	1.1%	59.1K	-1.3M	-3.7K	0.00	101.86	14	0	506	161
2019-03-27	$43.48	$45.00	13.9%	3.4%	11.5%	3.6%	12.1%	-3.2%	-2.1%	59.6K	-1.3M	-3.5K	0.00	98.89	30	0	505	161
2019-03-28	$42.90	$40.00	17.3%	4.0%	12.5%	7.2%	12.4%	-4.6%	-0.4%	52.0K	-1.1M	-3.6K	0.00	98.88	29	0	511	161
2019-03-29	$43.09	$40.00	16.4%	3.6%	12.6%	6.2%	24.3%	-4.9%	-1.6%	52.9K	-1.2M	-3.5K	0.00	102.29	29	0	512	161