OGE Options History — May 2023

In May 2023, OGE traded between $34.95 and $37.94. ATM implied volatility averaged 24.1%, placing in the 11.1% IV rank vs the trailing year. The 30-day expected move averaged 6.5%. IV traded above realized volatility by 8.0% (HV 20d: 16.1%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.43.

Notable Days

  • 2023-05-11: Highest Volume — 136 contracts
  • 2023-05-31: Largest IV spike — 46.8% change
  • 2023-05-03: Highest IV Rank — 25.3%
  • 2023-05-03: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.63$34.95$37.94$37.53$35.50
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV24.1%16.2%37.2%27.9%27.7%
Expected Move6.5%4.6%10.7%8.0%7.9%
HV 20d16.1%14.1%20.8%19.7%15.2%
HV 60d21.0%20.2%21.6%21.6%20.7%
IV Rank11.1%2.5%25.3%15.3%15.1%
IV Percentile43.9%4.8%88.1%66.7%67.5%
Term Structure-1.2%-25.1%12.9%-0.5%-6.2%
VWIV21.1%13.9%28.4%25.2%28.4%
Skew 25d2.5%-8.8%11.3%6.5%9.5%
Skew 10d20.2%-1.3%68.0%12.1%14.2%
Call IV 25d20.7%14.4%32.7%23.4%20.6%
Put IV 25d23.2%13.0%30.2%29.9%30.2%
Bid-Ask Spread %93.7259.70112.5891.68104.52
Gamma HHI0.540.400.720.550.40
Net GEX53.3K-4.8K107.1K76.7K10.5K
Net DEX-717.0K-1.3M22.6K-1.3M-230.1K
Net VEX-5.7K-7.6K-3.5K-7.6K-4.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.430.004.000.140.00
Total Volume18.955013682
Total OI2,104.9092,0182,1862,0572,043

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$37.53$35.0027.9%8.0%19.7%15.3%25.2%6.5%-0.5%76.7K-1.3M-7.6K0.1491.68711,269788
2023-05-02$36.85$35.0028.2%8.1%20.8%15.6%0.0%-7.1%-10.9%53.8K-893.2K-7.4K0.00105.28001,275789
2023-05-03$36.86$35.0037.2%10.7%20.7%25.3%0.0%-7.4%-25.1%57.0K-723.2K-6.4K0.00112.584101,275788
2023-05-04$37.24$35.0022.2%6.2%15.0%9.1%22.3%2.2%6.1%69.4K-860.0K-6.4K0.08102.361211,308788
2023-05-05$37.58$35.0023.3%4.9%14.9%10.2%16.6%6.4%2.5%101.9K-1.1M-6.1K0.0098.57701,314789
2023-05-08$37.55$35.0027.6%5.7%14.9%14.9%16.6%9.5%-0.5%97.9K-1.0M-6.0K0.0995.944341,320789
2023-05-09$37.64$35.0034.1%5.9%15.0%22.0%18.9%11.3%1.4%107.1K-1.2M-6.1K0.00100.443201,356788
2023-05-10$37.94$35.0022.2%6.4%15.3%9.1%18.9%7.4%-0.3%97.6K-1.1M-6.0K0.1470.55711,384788
2023-05-11$37.41$35.0020.6%5.9%15.7%7.3%24.4%-5.1%4.9%86.4K-1.1M-6.5K0.0091.4713601,389789
2023-05-12$37.67$35.0020.9%6.0%15.9%7.7%0.0%-5.0%-1.3%87.3K-1.1M-6.3K0.00104.47601,397789
2023-05-15$37.20$35.0016.2%4.6%16.4%2.5%0.0%-8.8%0.7%81.0K-989.0K-6.6K0.0089.52501,391789
2023-05-16$36.70$35.0022.2%6.4%16.2%9.1%22.2%-0.5%0.9%60.6K-790.5K-5.7K0.0065.11011,391788
2023-05-17$36.44$35.0021.7%6.2%16.0%8.5%13.9%3.1%-3.5%44.2K-762.2K-6.8K0.00105.252101,391789
2023-05-18$36.53$35.0023.7%6.8%16.0%10.7%22.5%-8.5%-15.4%57.6K-810.8K-5.8K2.5092.89251,371789
2023-05-19$36.20$35.0021.0%6.0%16.0%7.8%21.3%-1.4%-1.6%26.6K-657.3K-5.2K0.4059.70521,373789
2023-05-22$36.22$35.0020.8%5.9%15.4%7.5%21.0%8.3%1.9%17.4K-287.9K-4.4K0.1981.222141,243775
2023-05-23$36.09$35.0023.8%6.8%15.4%10.8%23.4%7.7%12.9%34.2K-456.7K-5.2K0.5097.13211,253775
2023-05-24$35.80$35.0019.9%5.7%14.1%6.6%19.8%10.5%0.6%9.1K-243.6K-4.4K0.0785.552721,253774
2023-05-25$34.95$35.0023.9%6.9%15.0%11.0%21.7%3.8%-2.7%3.3K-154.4K-4.0K4.00104.82141,277775
2023-05-26$35.02$35.0025.2%7.2%15.2%12.3%21.0%11.2%6.0%-2.5K-109.9K-4.6K0.00100.61301,278775
2023-05-30$35.05$35.0018.9%5.4%15.2%5.5%0.0%0.9%4.6%-4.8K22.6K-3.5K0.00102.301101,279775
2023-05-31$35.50$35.0027.7%7.9%15.2%15.1%28.4%9.5%-6.2%10.5K-230.1K-4.5K0.00104.52021,268775