OGE Options History — April 2022

In April 2022, OGE traded between $38.88 and $42.40. ATM implied volatility averaged 37.3%, placing in the 37.4% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 22.8% (HV 20d: 14.5%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 1.54.

Notable Days

  • 2022-04-08: Highest Volume — 1,223 contracts
  • 2022-04-06: Largest IV spike — 248.3% change
  • 2022-04-06: Highest IV Rank — 100.0%
  • 2022-04-26: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.32$38.88$42.40$41.03$38.88
Max Pain$39.75$35.00$40.00$40.00$40.00
ATM IV37.3%16.0%89.9%16.0%32.0%
Expected Move7.1%5.3%11.1%5.4%9.2%
HV 20d14.5%12.3%18.5%13.5%18.5%
HV 60d16.4%15.9%18.4%15.9%18.4%
IV Rank37.4%11.3%100.0%11.3%28.2%
IV Percentile76.2%11.9%100.0%11.9%85.7%
Term Structure-4.3%-22.7%3.1%-0.2%-8.7%
VWIV21.9%16.1%40.8%16.1%23.0%
Skew 25d15.2%-2.7%102.3%1.6%9.5%
Skew 10d41.8%-25.3%165.3%153.5%13.1%
Call IV 25d18.4%12.4%24.8%18.9%22.5%
Put IV 25d33.6%19.3%126.5%20.5%32.0%
Bid-Ask Spread %114.05102.65124.45115.64123.61
Gamma HHI0.410.330.520.520.33
Net GEX271.1K115.7K389.5K253.6K115.7K
Net DEX-3.2M-4.4M-1.0M-3.5M-1.0M
Net VEX-17.4K-21.2K-12.9K-12.9K-16.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.540.293.110.852.36
Total Volume697.5181,223344666
Total OI4,052.853,2554,5063,2554,238

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-04-01$41.03$40.0016.0%5.4%13.5%11.3%16.1%1.6%-0.2%253.6K-3.5M-12.9K0.85115.641861582,0551,200
2022-04-04$41.10$40.0051.8%8.1%12.7%72.2%21.5%8.3%-5.6%216.7K-3.3M-14.6K1.11124.451431592,1431,211
2022-04-05$41.27$40.0023.3%8.6%12.3%23.8%18.4%13.7%1.9%263.9K-3.7M-14.1K0.92122.441721592,1431,230
2022-04-06$42.14$40.0081.2%5.7%13.8%100.0%19.5%-2.7%0.6%244.6K-4.3M-15.1K0.54105.877904232,2161,230
2022-04-07$41.99$40.0060.1%5.9%13.7%70.7%20.6%8.6%-2.2%320.5K-4.4M-20.3K0.60118.127484462,9741,532
2022-04-08$41.55$40.0041.9%6.1%14.5%45.4%21.3%5.5%-3.0%310.7K-3.3M-17.3K0.57109.997774462,6651,553
2022-04-11$41.26$40.0089.9%5.7%14.3%100.0%19.5%4.8%-0.4%270.6K-3.0M-19.1K0.97107.124654492,6961,553
2022-04-12$41.47$40.0065.9%6.0%14.1%70.3%20.2%6.1%-2.4%284.6K-3.2M-18.5K0.96102.654464272,7171,557
2022-04-13$41.60$40.0018.5%5.3%13.8%11.4%17.7%7.6%3.1%289.7K-3.4M-21.2K0.97105.404404262,7261,559
2022-04-14$41.74$40.0019.8%5.7%13.7%13.0%20.1%0.6%-3.6%321.0K-3.6M-16.8K0.95115.054484262,7261,560
2022-04-18$41.61$40.0020.6%5.9%13.9%14.1%20.7%8.6%-4.4%262.8K-2.9M-17.5K2.67105.801574192,6161,525
2022-04-19$41.78$40.0021.0%6.0%13.8%14.5%20.9%3.0%0.4%305.7K-3.3M-18.0K2.79105.941504192,6151,526
2022-04-20$42.40$40.0024.3%7.0%14.3%18.6%19.4%3.1%-7.6%389.5K-4.1M-14.5K2.97113.871504452,6201,526
2022-04-21$42.30$40.0023.5%6.7%14.4%17.6%16.5%8.0%-1.6%333.1K-3.8M-18.8K1.85119.112504632,6191,544
2022-04-22$41.77$40.0024.2%6.9%15.6%18.5%18.6%11.4%-3.6%306.9K-3.6M-18.0K3.11112.311494632,5651,562
2022-04-25$41.12$40.0028.9%8.3%15.7%24.3%21.1%67.6%-7.1%254.0K-3.0M-19.9K2.12117.582234732,6171,563
2022-04-26$40.65$35.0038.7%11.1%16.4%36.4%40.8%18.6%-22.7%224.0K-2.6M-19.7K2.08111.402244672,6351,574
2022-04-27$40.61$40.0036.4%10.4%15.0%33.7%37.7%17.0%-12.5%225.5K-2.6M-18.6K0.29122.631442,6541,578
2022-04-28$40.18$40.0028.2%8.1%15.2%23.4%24.7%102.3%-6.3%227.9K-2.4M-16.9K2.21121.922124682,6541,580
2022-04-29$38.88$40.0032.0%9.2%18.5%28.2%23.0%9.5%-8.7%115.7K-1.0M-16.5K2.36123.611984682,6531,585