OGE Options History — February 2023

In February 2023, OGE traded between $35.63 and $39.88. ATM implied volatility averaged 22.4%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 4.1% (HV 20d: 18.3%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 18 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 2.61.

Notable Days

2023-02-28: Highest Volume — 101 contracts
2023-02-07: Largest IV spike — 153.3% change
2023-02-07: Highest IV Rank — 47.8%
2023-02-21: Largest Expected Move — 8.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$38.17	$35.63	$39.88	$39.88	$35.63
Max Pain	$38.95	$35.00	$40.00	$35.00	$35.00
ATM IV	22.4%	15.3%	50.2%	20.9%	21.7%
Expected Move	6.0%	4.4%	8.7%	6.0%	6.2%
HV 20d	18.3%	17.1%	19.7%	18.5%	19.2%
HV 60d	18.0%	17.0%	19.5%	19.4%	17.6%
IV Rank	11.2%	1.9%	47.8%	9.2%	10.3%
IV Percentile	30.7%	3.6%	95.6%	24.6%	34.1%
Term Structure	-0.0%	-7.8%	10.5%	-2.3%	-1.9%
VWIV	19.6%	10.7%	31.3%	20.9%	31.3%
Skew 25d	10.3%	-4.7%	134.8%	134.8%	16.6%
Skew 10d	23.2%	-9.1%	208.5%	208.5%	75.1%
Call IV 25d	20.1%	13.9%	26.5%	18.9%	19.8%
Put IV 25d	30.3%	16.2%	153.8%	153.8%	36.4%
Bid-Ask Spread %	82.24	33.03	106.53	101.92	106.53
Gamma HHI	0.56	0.28	0.68	0.63	0.28
Net GEX	106.3K	-10.6K	173.7K	167.2K	-10.6K
Net DEX	-733.1K	-1.5M	159.9K	-1.4M	159.9K
Net VEX	-5.4K	-7.3K	-3.8K	-6.1K	-4.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.61	0.00	19.20	0.67	19.20
Total Volume	20.737	0	101	5	101
Total OI	1,841.316	1,734	1,883	1,855	1,838

Daily Data (19 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
2023-02-01	$39.88	$35.00	20.9%	6.0%	18.5%	9.2%	20.9%	134.8%	-2.3%	167.2K	-1.4M	-6.1K	0.67	101.92	3	2	1,276	579
2023-02-02	$39.73	$40.00	20.7%	5.1%	18.5%	8.9%	17.9%	-2.3%	-1.3%	173.7K	-1.5M	-6.2K	0.65	33.03	23	15	1,279	577
2023-02-03	$38.76	$40.00	16.5%	5.4%	19.7%	3.4%	18.8%	-4.7%	3.4%	138.2K	-979.1K	-6.2K	0.59	83.68	22	13	1,288	576
2023-02-06	$38.95	$40.00	19.8%	5.4%	19.3%	7.8%	19.0%	3.2%	1.5%	143.9K	-1.0M	-5.2K	0.20	86.58	10	2	1,289	571
2023-02-07	$39.05	$40.00	50.2%	6.0%	17.9%	47.8%	20.8%	2.3%	-4.0%	124.5K	-1.2M	-5.5K	0.00	72.13	1	0	1,299	571
2023-02-08	$38.39	$40.00	20.9%	6.0%	18.6%	9.2%	22.8%	-1.4%	-2.9%	107.2K	-864.6K	-6.1K	0.00	73.77	3	0	1,299	571
2023-02-09	$37.91	$40.00	19.9%	5.7%	18.1%	7.8%	0.0%	-1.6%	2.8%	119.1K	-810.2K	-5.7K	0.00	93.96	0	0	1,297	571
2023-02-10	$38.47	$40.00	17.5%	5.0%	19.1%	4.7%	19.0%	-0.8%	1.6%	104.2K	-797.3K	-7.3K	0.33	66.88	6	2	1,297	570
2023-02-13	$38.79	$40.00	16.8%	4.8%	19.5%	3.8%	15.9%	4.0%	4.4%	169.7K	-1.1M	-6.3K	0.00	75.09	20	0	1,300	570
2023-02-14	$38.50	$40.00	21.9%	6.3%	19.3%	10.6%	0.0%	-3.6%	-4.4%	112.2K	-855.3K	-5.2K	0.50	81.34	2	1	1,310	570
2023-02-15	$38.38	$40.00	19.4%	5.6%	17.6%	7.3%	19.0%	3.0%	-1.5%	126.6K	-755.6K	-5.4K	0.00	60.17	5	0	1,312	571
2023-02-16	$38.05	$40.00	18.7%	5.4%	17.1%	6.3%	16.8%	8.6%	10.5%	119.1K	-661.1K	-4.9K	0.17	78.51	6	1	1,309	571
2023-02-17	$38.45	$40.00	15.3%	4.4%	17.5%	1.9%	15.1%	-0.6%	4.2%	129.8K	-669.1K	-5.7K	0.11	85.13	18	2	1,310	571
2023-02-21	$37.84	$40.00	30.3%	8.7%	18.3%	21.6%	20.6%	8.3%	4.7%	84.0K	-470.0K	-4.8K	0.22	96.75	9	2	1,172	562
2023-02-22	$37.56	$40.00	20.8%	6.0%	17.5%	9.1%	19.9%	3.5%	2.1%	80.0K	-420.3K	-4.3K	0.00	92.31	23	0	1,181	563
2023-02-23	$37.32	$40.00	26.1%	7.5%	17.6%	16.0%	10.7%	9.8%	-7.8%	60.5K	-300.0K	-4.8K	0.06	83.74	35	2	1,204	563
2023-02-24	$36.95	$35.00	27.3%	7.8%	17.7%	17.6%	24.7%	9.3%	-6.5%	48.9K	-232.0K	-3.8K	19.00	88.88	2	38	1,224	557
2023-02-27	$36.55	$35.00	20.8%	6.0%	17.6%	9.1%	0.0%	6.4%	-3.3%	22.2K	-100.6K	-3.8K	5.25	102.20	4	21	1,223	594
2023-02-28	$35.63	$35.00	21.7%	6.2%	19.2%	10.3%	31.3%	16.6%	-1.9%	-10.6K	159.9K	-4.6K	19.20	106.53	5	96	1,224	614