OGE Options History — May 2022

In May 2022, OGE traded between $38.37 and $41.41. ATM implied volatility averaged 26.3%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 6.6% (HV 20d: 19.7%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 11 of 21 days. Put/call ratio averaged 1.48.

Notable Days

  • 2022-05-06: Highest Volume — 668 contracts
  • 2022-05-09: Largest IV spike — 88.9% change
  • 2022-05-09: Highest IV Rank — 46.3%
  • 2022-05-02: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.74$38.37$41.41$38.37$41.30
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV26.3%18.2%46.7%44.7%23.5%
Expected Move6.9%5.0%12.8%12.8%6.7%
HV 20d19.7%15.0%21.8%18.6%15.0%
HV 60d18.2%16.3%19.1%18.6%16.3%
IV Rank20.9%10.9%46.3%44.0%17.4%
IV Percentile66.8%23.8%95.2%95.2%69.0%
Term Structure-0.2%-21.8%15.2%-14.4%-5.9%
VWIV25.6%18.3%47.4%47.4%23.7%
Skew 25d9.6%-12.3%66.8%6.6%8.4%
Skew 10d23.1%-26.3%176.1%-3.0%11.3%
Call IV 25d25.6%13.4%41.5%39.4%15.3%
Put IV 25d35.2%21.4%82.0%46.0%23.7%
Bid-Ask Spread %98.8688.44119.33119.3390.41
Gamma HHI0.390.320.510.320.42
Net GEX179.7K81.4K273.4K81.4K273.4K
Net DEX-1.7M-3.5M-570.5K-570.5K-3.1M
Net VEX-13.5K-17.5K-4.9K-17.5K-11.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.480.793.032.790.95
Total Volume424.429294668636310
Total OI4,293.9524,2034,3714,2504,258

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$38.37$40.0044.7%12.8%18.6%44.0%47.4%6.6%-14.4%81.4K-570.5K-17.5K2.79119.331684682,6531,597
2022-05-03$38.64$40.0040.0%11.5%18.9%38.0%42.8%7.9%-21.8%131.5K-970.8K-15.6K2.60115.261804682,6731,592
2022-05-04$39.50$40.0027.2%7.8%20.8%22.2%26.6%31.1%-5.9%164.3K-1.5M-15.2K3.03111.861514572,6991,592
2022-05-05$39.17$40.0028.9%6.7%19.0%24.3%26.6%-12.3%0.2%128.7K-1.1M-16.5K2.7997.171704742,6961,592
2022-05-06$39.22$40.0024.7%6.6%19.0%19.1%24.5%1.3%0.5%122.8K-1.1M-16.6K2.2391.812074612,7101,623
2022-05-09$39.27$40.0046.7%6.0%18.9%46.3%22.6%-5.2%0.3%165.0K-1.5M-15.5K2.6599.951744612,7191,645
2022-05-10$38.64$40.0030.8%5.0%19.5%26.5%18.3%11.4%5.7%156.8K-1.1M-13.6K0.99105.811661652,7261,645
2022-05-11$39.17$40.0018.2%5.2%20.2%10.9%23.2%-7.1%2.3%157.8K-1.4M-14.7K1.2798.881732192,7161,645
2022-05-12$38.81$40.0025.1%7.2%20.2%19.4%30.9%5.3%-4.7%124.3K-1.0M-15.5K1.4388.441532192,7221,591
2022-05-13$39.35$40.0022.1%6.3%21.0%15.7%24.2%1.3%-0.5%144.7K-1.2M-14.3K1.1595.271431652,7251,590
2022-05-16$39.42$40.0022.1%6.3%21.0%15.7%22.7%6.2%-0.1%149.8K-1.3M-13.9K0.9895.811731692,7261,590
2022-05-17$40.00$40.0020.7%5.9%21.8%13.9%22.6%-10.3%-4.7%213.7K-1.9M-9.8K0.95101.531771692,7221,590
2022-05-18$39.85$40.0023.5%6.7%20.9%17.4%24.0%6.5%-1.6%183.6K-1.7M-12.8K0.83102.982041692,7251,590
2022-05-19$39.70$40.0024.4%7.0%20.9%18.5%24.6%8.3%14.3%173.3K-1.7M-14.1K0.79100.942061632,7481,590
2022-05-20$39.85$40.0023.4%6.7%20.7%17.2%23.7%5.5%0.2%184.5K-1.7M-13.0K0.7992.842121672,7571,603
2022-05-23$40.06$40.0019.1%5.5%20.2%11.9%19.1%9.4%15.2%196.8K-1.8M-12.1K0.9389.801711592,6281,584
2022-05-24$40.64$40.0021.5%6.2%20.6%14.9%24.1%11.5%4.3%228.8K-2.4M-12.1K0.9996.551531512,6191,584
2022-05-25$40.98$40.0023.4%6.7%20.8%17.2%23.5%66.8%12.3%264.5K-3.5M-4.9K1.0694.841431512,6381,585
2022-05-26$41.16$40.0021.3%6.1%20.4%14.7%21.4%41.4%2.8%264.4K-2.9M-11.7K0.9392.511621512,6461,585
2022-05-27$41.41$40.0020.7%5.9%16.0%13.9%20.7%8.0%-3.5%263.6K-3.1M-12.4K0.9494.071601512,6691,585
2022-05-31$41.30$40.0023.5%6.7%15.0%17.4%23.7%8.4%-5.9%273.4K-3.1M-11.5K0.9590.411591512,6731,585