OGE Options History — January 2023

In January 2023, OGE traded between $38.16 and $40.19. ATM implied volatility averaged 24.7%, placing in the 15.9% IV rank vs the trailing year. The 30-day expected move averaged 6.2%. IV traded above realized volatility by 6.4% (HV 20d: 18.3%). 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 9 of 20 days. Put/call ratio averaged 0.51.

Notable Days

2023-01-09: Highest Volume — 70 contracts
2023-01-24: Largest IV spike — 88.3% change
2023-01-06: Highest IV Rank — 48.6%
2023-01-24: Largest Expected Move — 10.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.20	$38.16	$40.19	$39.36	$39.17
Max Pain	$35.50	$35.00	$40.00	$40.00	$35.00
ATM IV	24.7%	14.1%	50.1%	25.6%	14.1%
Expected Move	6.2%	4.0%	10.1%	7.3%	4.0%
HV 20d	18.3%	16.0%	19.8%	16.0%	17.3%
HV 60d	20.4%	19.2%	23.1%	23.1%	19.2%
IV Rank	15.9%	2.2%	48.6%	17.1%	2.2%
IV Percentile	41.7%	1.2%	95.6%	59.9%	1.2%
Term Structure	-0.0%	-5.6%	8.1%	8.1%	1.7%
VWIV	20.2%	14.6%	28.8%	14.6%	16.7%
Skew 25d	38.2%	-9.1%	161.9%	156.5%	12.9%
Skew 10d	54.3%	-8.0%	212.3%	205.9%	19.4%
Call IV 25d	18.3%	13.7%	26.1%	15.8%	17.0%
Put IV 25d	56.5%	17.0%	178.3%	172.3%	29.9%
Bid-Ask Spread %	112.23	94.04	127.38	122.09	99.89
Gamma HHI	0.52	0.39	0.66	0.46	0.65
Net GEX	120.6K	74.3K	170.4K	100.0K	151.3K
Net DEX	-1.1M	-1.7M	-687.9K	-1.1M	-1.1M
Net VEX	-7.0K	-9.2K	-5.2K	-6.8K	-5.9K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.51	0.00	5.00	0.00	0.00
Total Volume	20.7	3	70	3	18
Total OI	1,758.3	1,648	1,841	1,648	1,841

Daily Data (20 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
2023-01-03	$39.36	$40.00	25.6%	7.3%	16.0%	17.1%	14.6%	156.5%	8.1%	100.0K	-1.1M	-6.8K	0.00	122.09	3	0	1,076	572
2023-01-04	$39.33	$40.00	25.9%	7.4%	16.0%	17.6%	0.0%	161.9%	2.8%	104.1K	-1.1M	-7.5K	0.00	122.58	6	0	1,083	572
2023-01-05	$38.69	$35.00	27.1%	6.3%	16.9%	19.1%	0.0%	17.9%	2.7%	74.3K	-990.0K	-7.2K	0.00	117.58	16	0	1,089	572
2023-01-06	$39.17	$35.00	50.1%	6.9%	17.4%	48.6%	19.0%	97.3%	-0.1%	108.2K	-1.1M	-7.5K	0.00	127.38	53	0	1,100	572
2023-01-09	$39.94	$35.00	36.9%	7.5%	18.1%	31.7%	28.8%	8.7%	-5.6%	119.4K	-1.5M	-8.1K	0.03	118.31	68	2	1,128	571
2023-01-10	$39.64	$35.00	34.5%	4.6%	18.3%	28.6%	24.1%	6.1%	6.8%	136.8K	-1.4M	-7.2K	0.15	119.41	13	2	1,194	573
2023-01-11	$40.19	$35.00	21.4%	6.1%	18.9%	11.7%	21.7%	9.0%	-0.9%	150.0K	-1.6M	-7.7K	0.42	114.48	12	5	1,203	571
2023-01-12	$40.13	$35.00	18.4%	5.3%	18.9%	7.8%	18.5%	3.1%	2.1%	148.3K	-1.7M	-7.8K	0.14	115.40	7	1	1,213	566
2023-01-13	$40.05	$35.00	20.4%	5.8%	18.5%	10.4%	20.4%	5.0%	-0.2%	170.4K	-1.6M	-7.9K	0.00	94.04	7	0	1,222	567
2023-01-17	$39.61	$35.00	22.4%	6.4%	18.2%	13.0%	0.0%	9.3%	-2.8%	122.1K	-1.3M	-9.2K	5.00	112.94	2	10	1,219	567
2023-01-18	$38.71	$35.00	22.6%	6.5%	19.6%	13.2%	19.9%	0.0%	-2.1%	100.8K	-988.6K	-8.0K	0.33	99.06	3	1	1,221	577
2023-01-19	$38.16	$35.00	25.9%	7.4%	19.8%	17.5%	26.2%	-9.1%	-4.6%	81.4K	-692.3K	-7.3K	0.00	106.75	0	6	1,223	577
2023-01-20	$38.22	$35.00	32.1%	9.2%	19.8%	25.5%	0.0%	-1.5%	-4.6%	85.7K	-687.9K	-5.6K	0.08	122.86	13	1	1,223	583
2023-01-23	$38.39	$35.00	18.7%	5.4%	18.9%	8.3%	17.3%	4.0%	-0.5%	97.7K	-750.4K	-5.6K	0.00	111.66	43	0	1,147	567
2023-01-24	$38.95	$35.00	35.3%	10.1%	19.4%	29.6%	22.2%	138.1%	-5.0%	118.6K	-938.2K	-5.2K	0.00	122.03	46	0	1,176	567
2023-01-25	$38.98	$35.00	15.6%	4.5%	18.5%	4.2%	16.1%	3.4%	0.7%	133.5K	-1.0M	-6.3K	0.00	105.28	29	0	1,212	567
2023-01-26	$39.06	$35.00	17.3%	5.0%	18.2%	6.4%	0.0%	1.8%	-0.5%	119.4K	-1.1M	-6.7K	3.33	108.11	6	20	1,244	567
2023-01-27	$39.31	$35.00	15.0%	4.3%	18.2%	3.4%	0.0%	138.6%	1.2%	142.8K	-1.2M	-6.8K	0.13	109.58	15	2	1,248	567
2023-01-30	$39.02	$35.00	14.5%	4.2%	18.1%	2.8%	17.1%	0.9%	0.4%	147.8K	-1.1M	-5.9K	0.00	95.16	4	0	1,260	569
2023-01-31	$39.17	$35.00	14.1%	4.0%	17.3%	2.2%	16.7%	12.9%	1.7%	151.3K	-1.1M	-5.9K	0.00	99.89	18	0	1,262	579