OGE Options History — April 2023

In April 2023, OGE traded between $37.13 and $39.03. ATM implied volatility averaged 24.5%, placing in the 11.5% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 0.5% (HV 20d: 23.9%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 9 of 19 days. Put/call ratio averaged 0.40.

Notable Days

2023-04-11: Highest Volume — 118 contracts
2023-04-11: Largest IV spike — 53.8% change
2023-04-20: Highest IV Rank — 20.4%
2023-04-20: Largest Expected Move — 9.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$37.87	$37.13	$39.03	$37.36	$37.56
Max Pain	$35.00	$35.00	$35.00	$35.00	$35.00
ATM IV	24.5%	13.9%	32.7%	24.7%	21.8%
Expected Move	7.1%	5.0%	9.4%	7.1%	6.3%
HV 20d	23.9%	19.5%	27.8%	25.4%	19.9%
HV 60d	21.6%	20.9%	22.2%	21.0%	21.6%
IV Rank	11.5%	0.0%	20.4%	11.6%	8.7%
IV Percentile	45.3%	0.0%	79.0%	52.4%	33.3%
Term Structure	-1.1%	-13.8%	10.3%	7.6%	-0.4%
VWIV	22.9%	14.6%	33.9%	24.7%	25.7%
Skew 25d	15.7%	-4.3%	160.8%	13.2%	2.9%
Skew 10d	21.6%	-23.1%	210.2%	46.0%	20.2%
Call IV 25d	24.4%	14.4%	31.3%	14.4%	23.5%
Put IV 25d	40.1%	24.8%	190.9%	27.6%	26.4%
Bid-Ask Spread %	102.50	94.33	117.06	94.33	108.54
Gamma HHI	0.50	0.32	0.67	0.32	0.51
Net GEX	78.0K	29.2K	120.5K	29.2K	74.6K
Net DEX	-1.1M	-1.5M	-535.3K	-535.3K	-1.1M
Net VEX	-7.6K	-8.7K	-6.5K	-7.7K	-7.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.40	0.00	4.60	4.60	0.00
Total Volume	25.263	0	118	28	30
Total OI	2,080.211	1,955	2,186	1,955	2,039

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
2023-04-03	$37.36	$35.00	24.7%	7.1%	25.4%	11.6%	24.7%	13.2%	7.6%	29.2K	-535.3K	-7.7K	4.60	94.33	5	23	1,065	890
2023-04-04	$37.53	$35.00	19.7%	5.7%	24.7%	6.2%	14.6%	160.8%	10.3%	54.0K	-644.1K	-6.9K	1.00	96.53	6	6	1,069	907
2023-04-05	$39.03	$35.00	22.7%	6.5%	27.8%	9.4%	22.1%	26.4%	-1.4%	89.6K	-1.2M	-6.5K	0.11	99.56	36	4	1,070	910
2023-04-06	$38.50	$35.00	16.7%	5.0%	27.7%	2.9%	22.0%	25.8%	-2.6%	87.8K	-1.1M	-7.8K	0.10	97.12	10	1	1,115	911
2023-04-10	$38.48	$35.00	13.9%	7.3%	25.7%	0.0%	27.1%	9.5%	-6.9%	94.1K	-1.2M	-7.1K	0.01	98.87	87	1	1,123	911
2023-04-11	$38.50	$35.00	21.3%	5.0%	25.7%	8.1%	21.6%	10.0%	1.0%	96.6K	-1.4M	-8.5K	0.00	96.47	118	0	1,210	911
2023-04-12	$38.55	$35.00	19.5%	5.6%	25.5%	6.1%	0.0%	0.1%	-7.6%	120.5K	-1.5M	-7.4K	0.03	101.26	35	1	1,218	911
2023-04-13	$38.19	$35.00	23.4%	6.7%	25.8%	10.3%	0.0%	7.3%	0.7%	105.4K	-1.5M	-8.4K	0.29	117.06	7	2	1,253	910
2023-04-14	$37.97	$35.00	28.5%	8.2%	25.8%	15.9%	0.0%	5.0%	-2.1%	85.5K	-1.3M	-7.7K	0.00	114.49	3	0	1,255	910
2023-04-17	$37.86	$35.00	31.9%	9.1%	25.4%	19.6%	21.8%	-4.3%	-1.2%	88.4K	-1.1M	-7.9K	0.50	100.45	10	5	1,258	910
2023-04-18	$37.27	$35.00	32.1%	9.2%	25.2%	19.8%	20.1%	8.2%	-5.4%	64.6K	-848.5K	-7.0K	0.00	106.79	29	0	1,248	913
2023-04-19	$37.55	$35.00	29.1%	8.4%	24.8%	16.6%	0.0%	6.5%	5.3%	72.5K	-952.6K	-7.7K	0.08	112.00	12	1	1,259	913
2023-04-20	$37.28	$35.00	32.7%	9.4%	24.0%	20.4%	0.0%	7.6%	-13.8%	63.6K	-869.7K	-7.5K	0.00	100.92	1	0	1,271	914
2023-04-21	$37.50	$35.00	32.4%	9.3%	21.5%	20.2%	0.0%	3.6%	-11.5%	57.9K	-1.2M	-8.7K	0.00	102.73	0	0	1,272	914
2023-04-24	$37.86	$35.00	21.0%	6.0%	19.6%	7.7%	18.7%	6.5%	2.4%	73.2K	-1.0M	-7.4K	0.00	99.24	20	0	1,221	783
2023-04-25	$37.89	$35.00	21.5%	6.2%	19.5%	8.3%	0.0%	3.5%	0.1%	82.4K	-1.1M	-7.6K	0.00	103.38	8	0	1,228	783
2023-04-26	$37.13	$35.00	25.3%	7.2%	21.0%	12.4%	33.9%	-3.2%	3.6%	73.7K	-887.0K	-7.1K	0.10	97.19	10	1	1,236	783
2023-04-27	$37.61	$35.00	26.7%	7.7%	20.0%	14.0%	0.0%	8.5%	1.0%	68.7K	-1.3M	-7.6K	0.00	100.61	0	8	1,246	784
2023-04-28	$37.56	$35.00	21.8%	6.3%	19.9%	8.7%	25.7%	2.9%	-0.4%	74.6K	-1.1M	-7.5K	0.00	108.54	30	0	1,251	788