OGE Options History — April 2021

In April 2021, OGE traded between $32.19 and $33.72. ATM implied volatility averaged 23.9%, placing in the 12.5% IV rank vs the trailing year. The 30-day expected move averaged 5.2%. IV traded above realized volatility by 7.5% (HV 20d: 16.4%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 18 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.66.

Notable Days

  • 2021-04-21: Highest Volume — 796 contracts
  • 2021-04-28: Largest IV spike — 126.4% change
  • 2021-04-05: Highest IV Rank — 41.4%
  • 2021-04-28: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.03$32.19$33.72$32.50$33.53
Max Pain$31.67$30.00$35.00$30.00$35.00
ATM IV23.9%13.7%45.9%28.1%19.2%
Expected Move5.2%3.2%8.9%8.1%5.5%
HV 20d16.4%13.8%22.1%22.1%16.4%
HV 60d22.5%21.4%23.8%23.8%21.4%
IV Rank12.5%0.0%41.4%17.4%7.3%
IV Percentile20.1%0.0%77.8%26.2%7.1%
Term Structure-0.4%-19.0%10.6%-19.0%-0.6%
VWIV19.6%14.2%30.0%27.3%19.2%
Skew 25d5.7%-6.3%83.6%83.6%-0.5%
Skew 10d5.5%-37.1%100.3%100.3%-2.6%
Call IV 25d17.9%10.3%38.0%18.2%20.8%
Put IV 25d23.6%12.6%101.8%101.8%20.3%
Bid-Ask Spread %103.1258.20120.95100.44105.15
Gamma HHI0.590.470.800.560.80
Net GEX88.1K-49.6K283.0K47.9K283.0K
Net DEX-1.2M-2.1M-219.3K-2.1M-2.0M
Net VEX-10.7K-14.0K-9.2K-10.2K-14.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.660.003.673.581.25
Total Volume139.66797961199
Total OI3,654.3812,7664,2014,0934,090

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-04-01$32.50$30.0028.1%8.1%22.1%17.4%0.0%83.6%-19.0%47.9K-2.1M-10.2K3.58100.4426931,7982,295
2021-04-05$32.93$30.0045.9%4.6%19.4%41.4%0.0%8.0%5.5%3.1K-1.9M-11.0K0.00113.289101,8132,388
2021-04-06$32.75$30.0036.6%4.2%19.1%28.8%27.3%1.1%2.8%-49.6K-1.3M-9.5K1.35112.5440541,6082,384
2021-04-07$32.90$30.0023.7%3.9%18.9%11.5%0.0%2.4%-0.6%29.6K-1.5M-10.4K0.04110.062611,6122,427
2021-04-08$32.72$30.0022.7%3.2%19.0%10.1%17.5%8.6%3.6%35.3K-1.4M-10.7K0.34110.05189651,5682,426
2021-04-09$32.19$30.0022.1%6.1%18.8%9.4%0.0%8.1%-9.5%-7.6K-219.3K-10.1K0.2458.202151,3262,433
2021-04-12$32.41$30.0038.8%4.6%18.7%31.8%17.1%3.0%0.3%-9.5K-322.1K-9.9K0.58114.0338221,2912,429
2021-04-13$32.62$30.0034.8%3.8%14.8%26.5%14.2%4.7%1.0%3.2K-431.9K-10.3K0.94120.951591491,2702,437
2021-04-14$32.84$30.0024.4%7.0%14.9%12.4%17.0%7.8%-0.7%45.5K-663.5K-9.3K0.31108.7988271,2692,395
2021-04-15$33.35$30.0014.7%4.2%15.0%0.0%15.6%3.7%-0.2%86.9K-989.1K-9.3K0.0394.352911,3202,405
2021-04-16$33.62$30.0015.4%4.4%15.1%0.9%15.5%6.1%1.9%92.4K-1.1M-9.5K0.21101.65108231,3402,405
2021-04-19$33.60$30.0016.8%4.8%15.2%2.8%17.2%5.6%0.6%76.3K-1.0M-9.7K0.32102.1953171,2521,533
2021-04-20$33.60$30.0027.4%7.8%13.8%16.9%23.0%-6.3%-4.7%94.5K-1.1M-9.2K0.32106.5268221,2601,521
2021-04-21$33.41$30.0015.9%4.6%13.9%1.6%16.1%-6.0%0.6%87.6K-951.0K-9.3K0.04106.09766301,2671,499
2021-04-22$33.06$35.0019.5%5.6%14.5%6.4%20.7%-4.9%-6.1%197.1K-1.4M-12.0K0.64110.361172,0161,522
2021-04-23$33.00$35.0013.9%4.0%14.4%0.0%0.0%-6.1%-0.1%166.9K-1.1M-11.7K0.02112.464812,0191,529
2021-04-26$33.08$35.0019.4%5.6%14.4%7.2%0.0%9.5%10.6%160.2K-1.1M-11.3K0.0173.9011612,0611,530
2021-04-27$32.53$35.0013.7%3.9%14.5%0.0%30.0%-2.2%6.3%119.5K-802.5K-11.5K3.6793.856222,1051,531
2021-04-28$33.22$35.0031.0%8.9%15.6%22.8%25.0%-4.0%-0.4%155.5K-1.2M-12.8K0.00116.867002,1001,559
2021-04-29$33.72$35.0018.5%5.3%16.3%6.4%18.6%-2.4%-0.1%232.4K-1.9M-13.1K0.0093.7543102,1501,559
2021-04-30$33.53$35.0019.2%5.5%16.4%7.3%19.2%-0.5%-0.6%283.0K-2.0M-14.0K1.25105.15452,5311,559