OGE Options History — November 2022

In November 2022, OGE traded between $36.59 and $40.30. ATM implied volatility averaged 27.6%, placing in the 19.7% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded above realized volatility by 2.3% (HV 20d: 25.3%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 4.41.

Notable Days

  • 2022-11-29: Highest Volume — 504 contracts
  • 2022-11-04: Largest IV spike — 46.8% change
  • 2022-11-04: Highest IV Rank — 52.7%
  • 2022-11-08: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.41$36.59$40.30$36.97$40.30
Max Pain$39.52$35.00$40.00$35.00$40.00
ATM IV27.6%19.7%53.2%37.8%21.9%
Expected Move7.4%5.7%16.4%10.8%6.3%
HV 20d25.3%22.9%33.2%33.2%23.3%
HV 60d29.2%28.1%30.0%28.2%30.0%
IV Rank19.7%9.5%52.7%32.8%12.3%
IV Percentile51.8%20.6%95.2%84.9%34.5%
Term Structure2.1%-12.6%17.5%-12.6%15.9%
VWIV27.3%20.1%47.0%24.7%21.9%
Skew 25d8.2%-2.5%43.2%16.7%5.7%
Skew 10d14.5%-26.0%74.5%17.5%9.1%
Call IV 25d22.4%17.3%30.3%20.8%18.1%
Put IV 25d30.7%21.4%68.2%37.6%23.8%
Bid-Ask Spread %106.2596.15118.10109.79110.72
Gamma HHI0.540.370.710.400.68
Net GEX72.5K17.9K130.5K29.8K130.5K
Net DEX-818.7K-1.7M-32.7K-160.5K-1.7M
Net VEX-6.3K-7.5K-5.5K-6.1K-6.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.410.0028.650.440.11
Total Volume323.857750410142
Total OI1,758.7621,5912,1511,9662,151

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-11-01$36.97$35.0037.8%10.8%33.2%32.8%24.7%16.7%-12.6%29.8K-160.5K-6.1K0.44109.7970311,115851
2022-11-02$36.59$35.0032.9%9.4%32.8%26.6%29.3%12.3%3.5%31.9K-188.9K-6.3K4.03118.10753021,120855
2022-11-03$37.03$40.0036.2%6.3%28.9%30.8%34.5%-1.1%3.4%38.8K-260.3K-6.0K2.2097.071373021,128597
2022-11-04$37.48$40.0053.2%7.6%23.6%52.7%23.3%1.5%-4.2%39.2K-389.8K-6.2K1.8996.151562951,095599
2022-11-07$36.73$40.0033.4%6.6%24.6%27.2%23.0%0.2%5.1%17.9K-32.7K-5.5K4.71106.41632971,138602
2022-11-08$37.39$40.0044.7%16.4%24.8%41.7%45.7%43.2%-9.4%43.9K-532.2K-7.5K4.04107.42763071,139604
2022-11-09$37.00$40.0031.9%9.1%24.3%25.2%47.0%4.8%-8.1%36.1K-154.2K-6.1K3.99107.92773071,160604
2022-11-10$38.42$40.0023.2%6.7%27.0%14.0%28.1%10.3%-2.6%69.7K-748.7K-6.4K3.41100.73903071,160604
2022-11-11$38.28$40.0022.9%6.6%25.4%13.7%28.9%8.5%2.1%65.5K-763.9K-6.6K3.57104.76863071,167604
2022-11-14$38.23$40.0022.9%6.6%24.6%13.6%27.3%2.3%-0.5%68.7K-778.6K-6.4K3.91102.11762971,177604
2022-11-15$38.42$40.0024.2%6.9%24.4%15.3%34.4%8.3%-2.0%69.7K-802.7K-6.5K4.07105.63732971,178604
2022-11-16$38.86$40.0023.6%6.8%24.3%14.5%25.1%10.9%-1.0%82.6K-987.3K-6.4K5.03103.72592971,179604
2022-11-17$38.17$40.0024.3%7.0%24.2%15.5%24.0%8.4%0.7%64.5K-821.7K-6.6K4.71109.14632971,183604
2022-11-18$39.19$40.0021.7%6.2%24.6%12.1%22.6%5.8%6.2%86.6K-1.1M-6.5K4.79105.61622971,188604
2022-11-21$38.99$40.0021.8%6.3%24.8%12.2%29.6%7.3%-3.1%86.7K-1.0M-6.2K6.09105.59472861,167424
2022-11-22$39.54$40.0019.8%5.7%23.8%9.6%20.2%11.1%9.8%99.1K-1.2M-6.3K2.92108.15982861,173425
2022-11-23$39.60$40.0019.7%5.7%23.8%9.5%20.1%11.7%17.5%105.9K-1.3M-6.5K2.98104.06982921,192425
2022-11-25$39.99$40.0020.4%5.9%23.7%10.4%20.4%-2.5%5.8%117.7K-1.5M-6.4K0.00112.34701,197428
2022-11-28$39.70$40.0022.1%6.3%23.1%12.5%22.0%3.7%13.3%116.8K-1.4M-5.9K1.11109.8318201,209427
2022-11-29$39.67$40.0021.2%6.1%22.9%11.4%21.2%3.5%3.7%120.2K-1.3M-5.9K28.65105.99174871,212437
2022-11-30$40.30$40.0021.9%6.3%23.3%12.3%21.9%5.7%15.9%130.5K-1.7M-6.0K0.11110.723841,227924