OGE Options History — December 2022

In December 2022, OGE traded between $39.09 and $40.55. ATM implied volatility averaged 23.5%, placing in the 14.5% IV rank vs the trailing year. The 30-day expected move averaged 6.6%. IV traded above realized volatility by 5.7% (HV 20d: 17.8%). 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 16 of 21 days. Put/call ratio averaged 0.29.

Notable Days

2022-12-19: Highest Volume — 175 contracts
2022-12-30: Largest IV spike — 49.3% change
2022-12-15: Highest IV Rank — 27.6%
2022-12-15: Largest Expected Move — 9.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.80	$39.09	$40.55	$39.91	$39.50
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	23.5%	16.9%	33.7%	21.2%	25.3%
Expected Move	6.6%	4.9%	9.7%	6.1%	7.2%
HV 20d	17.8%	14.6%	23.3%	23.2%	16.1%
HV 60d	27.5%	24.9%	29.6%	29.6%	24.9%
IV Rank	14.5%	5.9%	27.6%	11.4%	16.7%
IV Percentile	43.3%	8.7%	80.6%	27.4%	59.1%
Term Structure	2.3%	-9.6%	9.7%	0.8%	2.7%
VWIV	19.3%	15.1%	25.0%	21.2%	15.1%
Skew 25d	58.9%	-21.1%	139.3%	-2.5%	139.3%
Skew 10d	89.2%	-32.6%	181.2%	-4.0%	181.2%
Call IV 25d	20.0%	13.3%	44.6%	26.2%	20.5%
Put IV 25d	78.9%	21.4%	159.8%	23.7%	159.8%
Bid-Ask Spread %	113.65	100.85	123.52	103.57	110.60
Gamma HHI	0.56	0.36	0.76	0.59	0.50
Net GEX	127.2K	47.9K	279.2K	116.4K	117.9K
Net DEX	-1.3M	-2.3M	-430.8K	-1.4M	-1.2M
Net VEX	-7.1K	-7.8K	-5.8K	-7.3K	-7.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.29	0.00	1.88	0.00	0.00
Total Volume	37.381	0	175	58	6
Total OI	1,957.667	1,319	2,364	2,159	1,642

Daily Data (21 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
2022-12-01	$39.91	$40.00	21.2%	6.1%	23.2%	11.4%	21.2%	-2.5%	0.8%	116.4K	-1.4M	-7.3K	0.00	103.57	58	0	1,235	924
2022-12-02	$39.66	$40.00	20.9%	6.0%	23.3%	11.0%	20.9%	-0.2%	1.0%	118.2K	-1.3M	-7.6K	0.17	105.42	6	1	1,285	924
2022-12-05	$39.59	$40.00	22.4%	6.3%	23.2%	12.9%	0.0%	-21.1%	-2.3%	125.0K	-1.2M	-7.3K	0.59	119.30	34	20	1,287	925
2022-12-06	$39.75	$40.00	24.4%	5.8%	21.5%	15.6%	0.0%	6.7%	2.3%	118.6K	-1.4M	-7.7K	0.00	120.75	0	0	1,289	929
2022-12-07	$39.42	$40.00	24.3%	8.4%	21.3%	15.5%	0.0%	0.6%	-9.6%	114.5K	-1.3M	-6.8K	0.03	114.29	37	1	1,297	929
2022-12-08	$39.95	$40.00	23.3%	5.5%	21.0%	14.1%	0.0%	6.5%	2.9%	151.5K	-1.6M	-7.2K	1.50	121.63	2	3	1,334	929
2022-12-09	$39.97	$40.00	24.2%	8.6%	16.8%	15.3%	20.5%	90.3%	9.7%	150.2K	-1.6M	-7.8K	0.00	123.52	63	0	1,336	932
2022-12-12	$40.15	$40.00	28.4%	6.8%	16.7%	20.7%	0.0%	81.1%	1.7%	172.0K	-1.8M	-7.4K	0.27	113.89	11	3	1,392	932
2022-12-13	$40.11	$40.00	28.1%	5.4%	16.7%	20.3%	0.0%	78.4%	8.6%	188.2K	-1.7M	-7.5K	1.88	118.33	16	30	1,397	935
2022-12-14	$40.55	$40.00	26.1%	7.5%	16.9%	17.7%	0.0%	75.3%	2.7%	198.3K	-2.3M	-7.4K	0.00	120.23	33	0	1,408	946
2022-12-15	$39.95	$40.00	33.7%	9.7%	17.7%	27.6%	0.0%	92.8%	8.1%	279.2K	-1.5M	-6.8K	0.53	123.25	19	10	1,418	946
2022-12-16	$39.58	$40.00	20.5%	5.9%	16.7%	10.5%	0.0%	96.8%	6.8%	47.9K	-430.8K	-7.8K	0.30	122.56	57	17	1,418	946
2022-12-19	$39.09	$40.00	22.7%	6.5%	14.7%	13.3%	18.7%	13.2%	4.3%	62.9K	-729.7K	-5.8K	0.05	113.93	167	8	755	564
2022-12-20	$39.19	$40.00	20.1%	5.8%	14.6%	10.0%	0.0%	111.5%	9.1%	73.4K	-957.4K	-6.8K	0.00	110.47	22	0	898	572
2022-12-21	$39.80	$40.00	17.4%	5.0%	14.8%	6.5%	17.5%	99.8%	2.3%	98.2K	-1.1M	-6.1K	0.03	102.14	36	1	920	572
2022-12-22	$39.36	$40.00	24.7%	7.1%	15.3%	16.0%	25.0%	8.1%	-3.9%	84.6K	-1.1M	-7.1K	0.50	100.85	30	15	969	573
2022-12-23	$39.95	$40.00	18.7%	5.4%	15.9%	8.2%	15.9%	101.8%	6.0%	107.6K	-1.3M	-7.0K	0.00	112.70	12	0	991	572
2022-12-27	$40.28	$40.00	21.4%	6.1%	15.9%	11.8%	15.1%	103.4%	7.8%	113.6K	-1.4M	-6.9K	0.00	113.66	11	0	1,003	572
2022-12-28	$39.88	$40.00	29.8%	8.6%	16.3%	22.6%	0.0%	50.5%	-9.5%	110.9K	-1.3M	-6.8K	0.00	109.26	43	0	1,014	572
2022-12-29	$40.14	$40.00	16.9%	4.9%	15.5%	5.9%	0.0%	104.6%	-4.1%	121.9K	-1.4M	-6.7K	0.00	106.20	13	0	1,057	572
2022-12-30	$39.50	$40.00	25.3%	7.2%	16.1%	16.7%	0.0%	139.3%	2.7%	117.9K	-1.2M	-7.1K	0.00	110.60	6	0	1,070	572