OGE Options History — March 2023

In March 2023, OGE traded between $34.31 and $37.45. ATM implied volatility averaged 32.5%, placing in the 21.6% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 11.6% (HV 20d: 20.9%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 5 of 23 trading days. Term structure was in contango for 11 of 23 days. Put/call ratio averaged 0.90.

Notable Days

  • 2023-03-06: Highest Volume — 195 contracts
  • 2023-03-02: Largest IV spike — 144.5% change
  • 2023-03-13: Highest IV Rank — 100.0%
  • 2023-03-02: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.73$34.31$37.45$35.25$37.45
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV32.5%17.9%105.8%20.9%31.1%
Expected Move7.1%5.1%14.7%6.0%8.9%
HV 20d20.9%16.9%26.1%19.1%25.4%
HV 60d19.2%17.6%21.3%17.6%21.3%
IV Rank21.6%4.3%100.0%9.3%18.6%
IV Percentile58.2%9.9%100.0%27.8%73.0%
Term Structure-1.2%-27.2%21.7%-1.7%-0.2%
VWIV21.2%12.2%41.1%17.1%12.2%
Skew 25d24.2%1.5%117.8%4.2%30.3%
Skew 10d47.6%2.2%186.6%12.9%7.9%
Call IV 25d19.1%13.0%30.1%20.6%14.6%
Put IV 25d43.2%17.5%147.9%24.8%44.9%
Bid-Ask Spread %102.1071.32127.05103.0796.07
Gamma HHI0.330.280.440.290.32
Net GEX-19.5K-43.6K30.7K-23.9K30.7K
Net DEX153.1K-697.0K568.9K326.8K-697.0K
Net VEX-5.1K-9.2K-3.2K-4.7K-9.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.900.006.670.400.22
Total Volume50.39101957154
Total OI1,850.5651,3802,2041,9081,802

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-03-01$35.25$35.0020.9%6.0%19.1%9.3%17.1%4.2%-1.7%-23.9K326.8K-4.7K0.40103.07521,228680
2023-03-02$35.58$35.0051.2%14.7%17.9%49.1%41.1%117.8%-21.2%-12.1K162.4K-4.6K0.1588.892031,227681
2023-03-03$35.70$35.0025.4%7.3%18.2%15.1%20.8%25.9%1.7%-26.0K225.1K-4.5K0.0093.181601,221682
2023-03-06$35.84$35.0025.4%6.1%16.9%15.2%0.0%11.5%-4.2%-28.5K144.1K-3.2K3.6492.24421531,223682
2023-03-07$35.36$35.0022.3%5.1%16.9%11.1%0.0%1.5%4.2%-43.6K387.9K-4.9K4.00115.36281,264815
2023-03-08$35.67$35.0028.1%5.6%17.4%18.6%0.0%11.7%-5.0%-36.4K327.5K-4.7K0.00112.334801,264815
2023-03-09$35.14$35.0036.4%5.6%17.2%29.6%0.0%29.8%3.9%-31.2K375.2K-5.5K0.00116.02011,273815
2023-03-10$34.31$35.0047.9%5.6%18.3%44.7%0.0%22.0%5.6%-36.6K568.9K-5.3K1.00103.48661,273816
2023-03-13$34.72$35.00105.8%9.0%18.0%100.0%17.6%7.3%-27.2%-34.5K554.3K-5.0K0.15104.302031,277822
2023-03-14$35.22$35.0065.5%7.5%18.7%56.1%0.0%35.5%-0.9%-14.0K303.1K-5.1K0.65123.1648311,297825
2023-03-15$35.64$35.0024.8%7.1%19.6%11.9%0.0%59.5%4.4%772100.1K-4.9K1.17127.05671,333823
2023-03-16$36.08$35.0027.9%8.0%20.4%15.2%0.0%17.6%1.0%14.7K-77.3K-4.6K6.67121.836401,339826
2023-03-17$35.70$35.0017.9%5.1%20.5%4.3%0.0%51.7%21.7%-43.5K121.0K-4.4K0.00126.91201,338866
2023-03-20$36.48$35.0026.8%7.7%21.8%14.0%15.4%8.5%11.4%-28.7K112.6K-3.9K0.0091.56750574806
2023-03-21$36.05$35.0021.6%6.2%21.5%8.4%22.4%21.1%-2.0%-31.6K169.7K-3.9K0.2096.937916644806
2023-03-22$35.44$35.0022.2%6.4%22.1%9.0%22.1%18.5%2.3%-30.0K316.5K-5.7K0.1382.64162708814
2023-03-23$34.53$35.0020.1%5.8%23.5%6.8%17.9%27.0%0.6%-42.0K534.1K-5.3K0.26112.244612723815
2023-03-24$35.55$35.0028.5%8.2%26.1%15.9%0.0%9.8%-8.2%-25.3K224.9K-6.2K0.0084.0500767815
2023-03-27$35.80$35.0024.8%7.1%26.1%11.9%0.0%13.2%-4.7%-22.7K159.7K-6.3K0.0089.63140767815
2023-03-28$36.16$35.0020.4%5.8%24.7%7.1%25.3%6.2%-10.1%-17.5K29.8K-5.3K0.0071.321680781815
2023-03-29$36.97$35.0024.1%6.9%25.4%11.1%0.0%6.0%-7.4%14.8K-444.7K-5.1K0.20103.70255859815
2023-03-30$37.20$35.0027.9%8.0%25.3%15.1%0.0%19.2%7.7%19.9K-404.0K-5.2K0.0792.42675874858
2023-03-31$37.45$35.0031.1%8.9%25.4%18.6%12.2%30.3%-0.2%30.7K-697.0K-9.2K0.2296.0712628939863