OGE Options History — February 2022

In February 2022, OGE traded between $35.42 and $38.21. ATM implied volatility averaged 25.7%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 6.7%. IV traded above realized volatility by 12.4% (HV 20d: 13.2%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 0.63.

Notable Days

2022-02-28: Highest Volume — 737 contracts
2022-02-07: Largest IV spike — 86.5% change
2022-02-08: Highest IV Rank — 55.3%
2022-02-25: Largest Expected Move — 9.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.85	$35.42	$38.21	$37.72	$37.32
Max Pain	$35.53	$35.00	$40.00	$40.00	$35.00
ATM IV	25.7%	16.0%	41.8%	17.5%	33.2%
Expected Move	6.7%	4.6%	9.7%	5.0%	9.5%
HV 20d	13.2%	9.7%	19.0%	9.7%	19.0%
HV 60d	15.9%	15.1%	16.5%	15.6%	16.5%
IV Rank	27.8%	11.4%	55.3%	14.0%	40.7%
IV Percentile	64.8%	11.1%	96.0%	20.2%	90.9%
Term Structure	4.1%	-6.9%	18.9%	9.1%	-3.2%
VWIV	26.3%	18.6%	38.2%	38.2%	27.0%
Skew 25d	11.2%	-3.3%	46.6%	9.9%	8.5%
Skew 10d	35.6%	-31.7%	153.6%	-15.3%	119.5%
Call IV 25d	22.2%	10.1%	28.4%	16.5%	23.9%
Put IV 25d	33.4%	18.6%	75.0%	26.4%	32.4%
Bid-Ask Spread %	102.11	92.66	111.40	99.28	109.59
Gamma HHI	0.53	0.38	0.68	0.68	0.57
Net GEX	75.2K	7.5K	138.5K	136.6K	102.6K
Net DEX	-974.8K	-2.1M	38.7K	-1.7M	-1.5M
Net VEX	-14.9K	-16.5K	-13.1K	-15.0K	-13.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.63	0.33	1.07	0.62	0.33
Total Volume	540.684	457	737	476	737
Total OI	3,191.895	2,879	3,333	2,879	3,280

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
2022-02-01	$37.72	$40.00	17.5%	5.0%	9.7%	14.0%	38.2%	9.9%	9.1%	136.6K	-1.7M	-15.0K	0.62	99.28	293	183	1,734	1,145
2022-02-02	$38.06	$40.00	22.7%	6.5%	10.2%	22.7%	33.6%	19.9%	11.7%	112.8K	-2.0M	-15.8K	1.07	96.83	308	331	1,741	1,167
2022-02-03	$38.21	$35.00	21.2%	5.2%	10.2%	20.3%	19.3%	13.3%	-0.6%	138.5K	-2.1M	-15.9K	0.97	106.77	341	331	1,754	1,320
2022-02-04	$37.83	$35.00	18.0%	5.0%	10.8%	14.7%	20.9%	-3.3%	-4.4%	125.6K	-1.6M	-15.0K	0.60	96.22	351	211	1,771	1,320
2022-02-07	$37.62	$35.00	33.5%	5.8%	10.9%	41.2%	23.8%	25.2%	-4.6%	93.3K	-1.6M	-16.5K	0.55	98.11	344	190	1,769	1,350
2022-02-08	$37.74	$35.00	41.8%	4.8%	10.8%	55.3%	19.0%	2.8%	-0.8%	130.4K	-1.6M	-15.0K	0.56	92.66	340	191	1,776	1,351
2022-02-09	$37.69	$35.00	16.0%	4.6%	10.6%	11.4%	18.6%	7.0%	-0.8%	118.8K	-1.6M	-15.0K	0.56	95.55	339	191	1,776	1,371
2022-02-10	$36.88	$35.00	18.0%	5.2%	13.3%	14.7%	18.7%	1.9%	6.6%	79.4K	-881.0K	-13.8K	0.53	95.68	340	180	1,776	1,371
2022-02-11	$36.73	$35.00	18.5%	5.3%	12.9%	15.6%	28.4%	4.9%	9.5%	82.1K	-907.6K	-15.2K	0.93	106.40	306	285	1,776	1,372
2022-02-14	$36.33	$35.00	23.2%	6.7%	12.3%	23.7%	27.9%	3.3%	6.2%	46.4K	-531.0K	-14.9K	0.57	100.11	306	175	1,776	1,497
2022-02-15	$35.62	$35.00	25.7%	7.4%	13.7%	27.8%	26.9%	6.9%	-3.0%	24.2K	-153.2K	-15.0K	0.69	105.42	306	212	1,788	1,497
2022-02-16	$35.91	$35.00	27.6%	7.9%	14.1%	31.0%	27.7%	26.9%	2.3%	26.9K	-216.2K	-15.7K	0.70	102.15	301	212	1,788	1,531
2022-02-17	$36.03	$35.00	26.4%	7.6%	13.8%	29.1%	29.7%	5.3%	15.1%	29.7K	-308.6K	-15.1K	0.54	111.40	322	173	1,794	1,531
2022-02-18	$35.77	$35.00	25.3%	7.3%	13.9%	27.2%	28.7%	6.2%	-6.9%	27.7K	-131.9K	-14.3K	0.47	99.36	376	175	1,802	1,531
2022-02-22	$35.94	$35.00	29.4%	8.4%	14.0%	34.2%	28.5%	5.4%	11.2%	10.7K	-61.8K	-13.7K	0.49	104.91	341	168	1,796	1,480
2022-02-23	$35.42	$35.00	23.5%	6.7%	14.6%	24.1%	26.6%	2.6%	18.9%	7.5K	38.7K	-13.1K	0.58	101.75	289	168	1,834	1,480
2022-02-24	$36.27	$35.00	32.1%	9.2%	17.3%	38.7%	31.1%	46.6%	7.2%	47.3K	-529.2K	-14.6K	0.54	107.26	298	162	1,827	1,480
2022-02-25	$37.09	$35.00	33.8%	9.7%	19.0%	41.6%	24.7%	20.2%	4.0%	87.8K	-1.3M	-14.9K	0.57	110.59	316	181	1,815	1,479
2022-02-28	$37.32	$35.00	33.2%	9.5%	19.0%	40.7%	27.0%	8.5%	-3.2%	102.6K	-1.5M	-13.9K	0.33	109.59	555	182	1,801	1,479