OGE Options History — March 2022

In March 2022, OGE traded between $37.39 and $40.75. ATM implied volatility averaged 22.6%, placing in the 22.5% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 3.4% (HV 20d: 19.2%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 8 of 23 days. Put/call ratio averaged 0.43.

Notable Days

  • 2022-03-03: Highest Volume — 2,024 contracts
  • 2022-03-29: Largest IV spike — 237.9% change
  • 2022-03-29: Highest IV Rank — 64.1%
  • 2022-03-11: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.08$37.39$40.75$37.39$40.75
Max Pain$35.50$35.00$40.00$35.00$40.00
ATM IV22.6%13.9%47.0%33.9%35.5%
Expected Move6.5%4.3%15.4%9.7%5.0%
HV 20d19.2%14.1%22.5%18.9%14.1%
HV 60d15.8%15.3%16.6%16.2%15.9%
IV Rank22.5%7.8%64.1%41.8%44.5%
IV Percentile48.1%7.1%97.6%91.7%92.5%
Term Structure-2.2%-22.1%17.0%-22.1%-8.2%
VWIV24.1%14.4%77.2%25.0%17.9%
Skew 25d52.6%-1.7%140.8%13.1%28.6%
Skew 10d70.2%-50.9%185.2%-15.0%45.1%
Call IV 25d25.5%11.4%37.4%21.8%37.4%
Put IV 25d78.1%21.6%162.6%34.9%66.1%
Bid-Ask Spread %103.7272.99125.53109.06125.53
Gamma HHI0.640.420.860.620.53
Net GEX324.0K85.6K911.0K121.1K238.8K
Net DEX-3.1M-5.5M-1.6M-1.6M-3.1M
Net VEX-15.5K-18.2K-13.0K-15.2K-14.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.101.080.360.56
Total Volume661.6522832,024826449
Total OI3,950.132,8124,7793,4043,245

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-03-01$37.39$35.0033.9%9.7%18.9%41.8%25.0%13.1%-22.1%121.1K-1.6M-15.2K0.36109.066082181,9231,481
2022-03-02$38.20$35.0018.8%5.4%20.5%16.2%20.3%13.1%-1.7%194.1K-2.6M-15.3K0.27112.318172182,1021,535
2022-03-03$39.10$35.0016.1%4.6%21.8%11.5%18.8%19.7%-5.5%391.7K-3.9M-15.6K0.10105.121,8401842,3371,535
2022-03-04$39.67$35.0021.6%6.2%22.3%20.8%21.8%80.3%0.7%587.2K-5.4M-18.1K0.22105.037501683,1271,550
2022-03-07$39.28$35.0017.0%4.9%22.3%13.1%14.9%8.2%4.2%911.0K-5.5M-18.2K0.39100.044291683,1371,549
2022-03-08$39.02$35.0023.8%5.6%22.3%24.7%20.9%7.9%-2.2%593.1K-4.4M-17.5K0.37105.564541683,0961,549
2022-03-09$39.03$35.0023.8%12.1%22.3%24.7%35.4%16.2%-2.0%438.9K-3.9M-17.5K0.46105.503621683,1101,549
2022-03-10$38.81$35.0024.7%10.0%22.5%26.1%30.5%19.2%-0.5%390.6K-3.5M-17.4K0.46100.513971813,1461,549
2022-03-11$38.80$35.0028.3%15.4%20.8%32.3%77.2%-1.7%-8.2%431.2K-3.5M-17.0K0.49113.803701813,1411,564
2022-03-14$38.43$35.0021.8%5.6%21.1%21.2%23.9%8.7%-1.1%363.8K-2.9M-15.6K0.3877.995882213,1391,564
2022-03-15$38.77$35.0021.9%5.5%20.6%21.4%22.4%-1.0%-3.5%466.8K-3.4M-16.9K0.3981.765392103,1771,602
2022-03-16$38.58$35.0020.3%4.4%19.0%18.8%23.6%113.1%-0.2%406.6K-3.5M-17.5K0.3372.994951633,1481,623
2022-03-17$38.59$0.0016.8%9.1%19.0%12.7%0.0%2.7%17.0%350.7K-2.9M-14.7K0.34106.294941693,1441,624
2022-03-18$38.56$0.0019.0%4.8%19.1%16.5%0.0%115.8%-2.3%85.6K-2.5M-13.0K0.2597.335901473,1411,628
2022-03-21$38.82$0.0015.5%5.5%18.7%10.5%21.4%130.0%1.6%117.4K-1.7M-13.3K1.08114.991361471,6481,164
2022-03-22$38.86$35.0015.7%4.3%18.7%10.9%23.5%132.1%-3.6%138.9K-1.8M-14.0K0.38115.673821471,7321,180
2022-03-23$38.82$35.0016.2%5.6%17.5%11.7%22.8%136.0%3.9%147.3K-1.8M-13.8K0.51105.292861471,9731,180
2022-03-24$38.88$35.0016.6%4.3%16.0%12.3%14.4%10.2%3.5%166.5K-1.8M-13.7K0.53114.002791471,9611,180
2022-03-25$39.67$35.0019.0%5.8%15.7%16.5%20.6%140.8%5.0%196.5K-2.4M-14.5K0.44107.383341471,9771,180
2022-03-28$39.84$35.0013.9%4.9%15.6%7.8%18.1%60.8%3.4%237.1K-2.5M-14.4K0.54106.822711472,0161,180
2022-03-29$40.60$35.0047.0%5.0%16.6%64.1%16.6%117.5%-19.6%231.4K-3.0M-14.5K0.53108.383041622,0401,181
2022-03-30$40.30$40.0031.8%4.7%15.7%38.2%15.7%39.1%-8.7%245.3K-2.7M-14.9K0.5994.242741622,0461,200
2022-03-31$40.75$40.0035.5%5.0%14.1%44.5%17.9%28.6%-8.2%238.8K-3.1M-14.0K0.56125.532871622,0451,200