OGE Options History — April 2019

In April 2019, OGE traded between $41.36 and $43.12. ATM implied volatility averaged 20.0%, placing in the 10.1% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 6.8% (HV 20d: 13.3%). Max pain ranged from $40.00 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 1.89.

Notable Days

2019-04-25: Highest Volume — 145 contracts
2019-04-08: Largest IV spike — 166.5% change
2019-04-08: Highest IV Rank — 33.4%
2019-04-29: Largest Expected Move — 6.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.15	$41.36	$43.12	$42.86	$42.31
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	20.0%	12.7%	42.1%	25.5%	17.8%
Expected Move	4.8%	2.6%	6.2%	5.1%	5.1%
HV 20d	13.3%	11.4%	14.6%	12.7%	14.3%
HV 60d	13.0%	12.1%	14.4%	14.4%	12.5%
IV Rank	10.1%	2.3%	33.4%	15.9%	7.7%
IV Percentile	44.1%	6.0%	89.3%	67.1%	37.7%
Term Structure	0.0%	-13.6%	7.7%	-1.9%	2.4%
VWIV	17.0%	12.4%	21.4%	15.7%	13.5%
Skew 25d	3.5%	-9.6%	11.3%	-9.6%	8.6%
Skew 10d	10.9%	-14.5%	39.4%	-12.6%	10.7%
Call IV 25d	14.7%	7.9%	23.9%	23.9%	11.7%
Put IV 25d	18.2%	11.8%	24.6%	14.4%	20.3%
Bid-Ask Spread %	103.62	97.78	111.94	111.72	98.83
Gamma HHI	0.70	0.63	0.78	0.68	0.75
Net GEX	46.6K	29.2K	54.4K	53.7K	37.7K
Net DEX	-804.1K	-1.2M	-452.1K	-1.2M	-569.1K
Net VEX	-3.5K	-3.9K	-3.2K	-3.4K	-3.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.89	0.00	24.00	0.00	0.00
Total Volume	49.81	0	145	0	2
Total OI	659.286	581	726	673	678

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
2019-04-01	$42.86	$40.00	25.5%	5.1%	12.7%	15.9%	0.0%	-9.6%	-1.9%	53.7K	-1.2M	-3.4K	0.00	111.72	0	0	512	161
2019-04-02	$42.75	$40.00	26.2%	3.1%	12.5%	16.6%	0.0%	-6.8%	-13.6%	52.9K	-1.1M	-3.4K	0.00	111.94	1	0	512	161
2019-04-03	$42.80	$40.00	27.5%	3.2%	12.4%	18.0%	0.0%	3.8%	3.3%	52.8K	-1.1M	-3.4K	0.00	108.18	11	0	512	161
2019-04-04	$42.48	$40.00	16.6%	5.0%	12.7%	6.5%	0.0%	5.8%	1.3%	46.2K	-1.0M	-3.4K	0.00	103.58	22	0	502	161
2019-04-05	$43.12	$40.00	15.8%	2.6%	13.7%	5.6%	0.0%	8.3%	7.7%	53.8K	-1.1M	-3.3K	0.00	104.73	22	0	501	161
2019-04-08	$42.44	$40.00	42.1%	4.5%	14.4%	33.4%	0.0%	9.4%	4.5%	48.6K	-1.0M	-3.3K	0.01	100.37	105	1	501	161
2019-04-09	$42.05	$40.00	17.0%	4.9%	14.6%	6.9%	0.0%	6.6%	0.7%	50.1K	-1.1M	-3.9K	0.01	97.78	105	1	558	162
2019-04-10	$41.98	$40.00	18.2%	5.2%	14.6%	8.2%	15.7%	3.9%	-5.2%	54.0K	-1.1M	-3.7K	0.01	109.75	111	1	558	162
2019-04-11	$42.06	$40.00	14.6%	4.2%	14.6%	4.4%	12.4%	6.9%	5.4%	51.3K	-1.1M	-3.7K	0.02	102.30	109	2	564	162
2019-04-12	$42.12	$40.00	17.2%	4.9%	14.5%	7.1%	17.6%	-1.9%	-0.2%	54.4K	-1.1M	-3.9K	0.02	107.41	118	2	563	163
2019-04-15	$42.11	$40.00	18.5%	5.3%	14.4%	8.4%	0.0%	6.1%	-1.5%	52.3K	-662.5K	-3.6K	0.00	97.83	0	0	454	162
2019-04-16	$41.59	$40.00	17.9%	5.1%	13.6%	7.8%	18.3%	5.2%	-0.6%	48.2K	-576.2K	-3.5K	0.00	102.25	0	1	454	162
2019-04-17	$41.42	$40.00	17.8%	5.1%	13.4%	7.7%	17.7%	0.4%	-0.4%	44.7K	-522.7K	-3.3K	0.20	103.78	5	1	454	163
2019-04-18	$41.47	$40.00	21.3%	6.1%	11.9%	11.4%	21.4%	4.9%	-4.3%	44.2K	-501.4K	-3.2K	0.09	106.50	11	1	449	163
2019-04-22	$41.36	$40.00	18.7%	5.4%	11.5%	8.7%	18.7%	2.0%	-0.9%	40.6K	-457.9K	-3.2K	0.40	101.04	5	2	419	162
2019-04-23	$41.51	$40.00	19.3%	5.5%	11.4%	9.3%	20.2%	3.0%	7.1%	39.5K	-454.9K	-3.4K	4.80	109.43	5	24	420	164
2019-04-24	$42.15	$40.00	15.6%	4.5%	12.8%	5.3%	15.7%	7.3%	4.6%	47.4K	-602.5K	-3.4K	24.00	99.54	4	96	420	186
2019-04-25	$42.39	$40.00	18.8%	5.4%	13.1%	8.8%	16.2%	11.3%	2.7%	37.5K	-572.5K	-3.7K	1.90	98.03	50	95	421	258
2019-04-26	$42.40	$40.00	12.7%	3.6%	12.3%	2.3%	13.5%	1.1%	-3.6%	39.7K	-612.7K	-3.4K	2.64	99.77	36	95	421	258
2019-04-29	$41.72	$40.00	21.8%	6.2%	13.3%	11.9%	0.0%	-2.3%	-6.9%	29.2K	-452.1K	-3.5K	0.00	101.21	2	0	421	258
2019-04-30	$42.31	$40.00	17.8%	5.1%	14.3%	7.7%	0.0%	8.6%	2.4%	37.7K	-569.1K	-3.4K	0.00	98.83	2	0	421	257