OGE Options History — May 2019

In May 2019, OGE traded between $40.68 and $43.02. ATM implied volatility averaged 21.0%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 3.8% (HV 20d: 17.2%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.32.

Notable Days

  • 2019-05-14: Highest Volume — 48 contracts
  • 2019-05-28: Largest IV spike — 92.6% change
  • 2019-05-10: Highest IV Rank — 50.2%
  • 2019-05-01: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.85$40.68$43.02$41.77$41.47
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV21.0%9.5%58.0%38.7%21.6%
Expected Move4.8%2.7%11.1%11.1%6.2%
HV 20d17.2%14.3%18.7%14.9%18.5%
HV 60d14.1%12.8%15.6%12.8%15.6%
IV Rank11.5%0.0%50.2%29.9%12.6%
IV Percentile39.1%0.0%95.6%86.5%62.3%
Term Structure0.8%-29.6%8.4%-29.6%8.4%
VWIV16.7%11.3%23.0%16.7%21.3%
Skew 25d2.3%-15.1%10.8%-5.1%5.1%
Skew 10d4.5%-15.2%13.2%9.0%7.3%
Call IV 25d15.0%8.5%29.3%29.3%17.3%
Put IV 25d17.3%9.9%24.2%24.2%22.4%
Bid-Ask Spread %88.6451.45115.23105.5873.92
Gamma HHI0.660.500.940.760.54
Net GEX30.5K11.7K54.6K36.5K21.3K
Net DEX-501.3K-747.9K-199.9K-553.9K-384.8K
Net VEX-2.8K-3.5K-2.1K-3.5K-2.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.002.000.400.08
Total Volume15.864048713
Total OI676.364661701678661

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2019-05-01$41.77$40.0038.7%11.1%14.9%29.9%0.0%-5.1%-29.6%36.5K-553.9K-3.5K0.40105.5852421257
2019-05-02$41.16$40.0015.2%4.4%15.7%5.0%0.0%-15.1%-4.1%22.2K-318.4K-3.3K0.13111.18314422257
2019-05-03$41.64$40.0012.2%3.5%16.2%1.8%0.0%-10.8%1.7%24.2K-407.5K-3.1K0.1394.11314416258
2019-05-06$41.82$40.0014.1%4.8%15.2%3.8%16.7%6.6%-0.3%30.3K-482.9K-3.0K0.0055.8620416248
2019-05-07$41.76$40.0016.9%5.4%14.3%6.8%15.7%4.3%-1.4%30.4K-482.7K-3.2K0.00102.3960418248
2019-05-08$40.91$40.0024.2%5.4%15.7%14.5%18.0%3.3%-0.5%24.9K-363.5K-3.1K0.60106.1853418248
2019-05-09$40.68$40.0035.5%5.1%15.7%26.4%18.1%1.8%-1.2%11.7K-199.9K-2.9K0.67103.6364418252
2019-05-10$41.41$40.0058.0%5.3%17.1%50.2%0.0%2.8%-2.7%19.7K-344.1K-3.0K0.00109.2600416252
2019-05-13$42.00$40.0037.0%5.2%17.9%28.0%11.3%5.9%0.9%28.8K-487.2K-3.0K0.0099.8430416252
2019-05-14$41.72$40.0030.5%4.3%18.1%21.1%17.9%-2.1%7.3%28.0K-500.0K-3.1K1.5394.921929416252
2019-05-15$41.74$40.0014.5%4.2%17.5%4.2%15.4%4.7%4.0%29.9K-505.2K-3.0K2.0094.99510439252
2019-05-16$41.59$40.0013.9%4.0%17.5%3.6%12.9%7.2%6.0%24.4K-498.2K-2.9K0.3290.673110439262
2019-05-17$42.27$40.0012.4%3.6%18.4%2.0%12.8%1.3%-2.4%32.8K-661.9K-2.5K0.32115.233110434262
2019-05-20$42.25$40.0015.8%4.5%18.4%5.7%0.0%4.1%8.1%34.9K-587.8K-2.9K0.0085.2100425257
2019-05-21$42.74$40.009.9%2.8%18.7%0.0%14.0%7.8%7.1%47.4K-685.0K-2.8K0.0056.15230425257
2019-05-22$43.02$40.009.5%2.7%18.1%0.0%13.8%0.8%7.1%53.4K-747.9K-2.2K0.0051.4560424257
2019-05-23$42.99$40.0013.3%3.8%18.0%4.0%21.5%10.8%8.4%50.9K-729.9K-2.9K0.0096.4660424257
2019-05-24$42.99$40.009.7%2.8%18.0%0.2%16.3%0.2%7.1%54.6K-742.5K-2.1K0.0088.4150424257
2019-05-28$42.35$40.0018.6%5.3%17.9%9.6%0.0%5.5%-0.5%35.3K-607.2K-2.5K0.0078.5350423257
2019-05-29$41.52$40.0018.4%5.3%18.6%9.4%18.3%0.9%0.5%14.4K-408.8K-2.5K0.0474.11261422257
2019-05-30$40.95$40.0022.6%6.5%18.7%13.7%23.0%9.7%-6.2%15.4K-328.7K-2.4K0.0862.13121406258
2019-05-31$41.47$40.0021.6%6.2%18.5%12.6%21.3%5.1%8.4%21.3K-384.8K-2.5K0.0873.92121403258