OGE Options History — July 2023

In July 2023, OGE traded between $35.25 and $36.89. ATM implied volatility averaged 25.7%, placing in the 13.0% IV rank vs the trailing year. The 30-day expected move averaged 7.1%. IV traded above realized volatility by 7.8% (HV 20d: 18.0%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 8 of 20 days. Put/call ratio averaged 0.52.

Notable Days

2023-07-18: Highest Volume — 77 contracts
2023-07-07: Largest IV spike — 65.3% change
2023-07-07: Highest IV Rank — 26.6%
2023-07-26: Largest Expected Move — 10.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.15	$35.25	$36.89	$36.09	$36.05
Max Pain	$31.25	$30.00	$35.00	$35.00	$35.00
ATM IV	25.7%	17.3%	38.2%	17.3%	22.1%
Expected Move	7.1%	4.9%	10.2%	4.9%	6.3%
HV 20d	18.0%	15.0%	20.1%	15.0%	18.8%
HV 60d	16.6%	15.6%	17.3%	15.6%	17.0%
IV Rank	13.0%	3.8%	26.6%	3.8%	9.0%
IV Percentile	53.4%	10.3%	89.7%	10.3%	39.3%
Term Structure	-1.2%	-20.7%	28.3%	6.4%	-0.6%
VWIV	27.1%	17.2%	69.1%	17.2%	22.2%
Skew 25d	14.6%	-34.4%	144.2%	5.8%	-34.4%
Skew 10d	34.2%	-6.0%	201.5%	124.9%	18.8%
Call IV 25d	20.9%	9.7%	56.9%	14.8%	56.9%
Put IV 25d	35.5%	15.7%	200.3%	20.6%	22.5%
Bid-Ask Spread %	105.95	88.79	127.49	105.88	96.85
Gamma HHI	0.73	0.49	0.94	0.60	0.87
Net GEX	53.0K	3.4K	84.4K	31.8K	67.2K
Net DEX	-574.3K	-1.1M	-166.8K	-222.8K	-863.1K
Net VEX	-4.0K	-5.6K	-1.4K	-2.9K	-4.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.52	0.00	8.00	0.00	8.00
Total Volume	20.25	0	77	5	9
Total OI	1,085.5	995	1,200	997	1,200

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
2023-07-03	$36.09	$35.00	17.3%	4.9%	15.0%	3.8%	0.0%	5.8%	6.4%	31.8K	-222.8K	-2.9K	0.00	105.88	5	0	858	139
2023-07-05	$36.55	$35.00	17.8%	5.1%	15.6%	4.3%	17.2%	144.2%	8.0%	51.3K	-419.7K	-3.8K	0.50	110.17	6	3	861	139
2023-07-06	$36.25	$30.00	23.1%	7.0%	16.0%	10.2%	22.8%	31.6%	-0.3%	3.4K	-212.9K	-1.4K	0.00	104.77	10	0	859	136
2023-07-07	$35.59	$30.00	38.2%	7.0%	15.5%	26.6%	0.0%	19.7%	-2.1%	30.5K	-166.8K	-2.9K	0.03	106.74	30	1	869	136
2023-07-10	$35.25	$30.00	20.1%	6.3%	15.7%	6.9%	0.0%	6.7%	2.2%	41.3K	-338.3K	-3.5K	0.13	88.79	8	1	899	126
2023-07-11	$35.64	$30.00	23.3%	5.1%	16.2%	10.4%	0.0%	19.7%	5.8%	36.1K	-337.6K	-3.5K	0.00	96.74	0	0	899	127
2023-07-12	$36.30	$30.00	29.1%	8.4%	17.5%	16.7%	0.0%	19.5%	1.4%	57.7K	-584.5K	-4.4K	0.00	98.42	18	0	899	127
2023-07-13	$36.42	$30.00	23.9%	6.9%	17.6%	11.0%	21.8%	11.3%	-2.0%	58.2K	-501.0K	-4.1K	0.01	95.77	68	1	911	127
2023-07-14	$36.33	$30.00	33.5%	9.6%	17.6%	21.4%	18.2%	13.9%	-16.9%	58.8K	-635.6K	-4.7K	0.00	113.80	3	0	931	128
2023-07-17	$35.61	$30.00	32.9%	9.4%	18.7%	20.7%	20.4%	20.7%	8.9%	46.6K	-474.9K	-4.1K	0.00	114.59	12	0	933	128
2023-07-18	$35.50	$30.00	30.7%	8.8%	18.6%	18.3%	29.6%	-4.7%	-6.3%	34.5K	-322.0K	-3.5K	0.24	113.11	62	15	925	128
2023-07-19	$35.92	$30.00	23.3%	6.7%	19.1%	10.3%	0.0%	5.5%	-2.5%	53.3K	-632.9K	-4.6K	0.00	108.35	0	0	985	143
2023-07-20	$36.48	$30.00	24.5%	7.0%	20.0%	11.6%	0.0%	12.0%	-4.8%	64.6K	-621.7K	-4.0K	0.00	111.28	16	0	985	143
2023-07-21	$36.89	$30.00	26.8%	7.7%	20.1%	14.1%	0.0%	11.9%	-8.9%	72.1K	-711.6K	-4.3K	0.00	97.96	7	0	1,001	143
2023-07-24	$36.55	$30.00	24.4%	7.0%	19.9%	11.5%	21.2%	4.7%	-7.8%	71.3K	-698.4K	-4.3K	0.05	101.00	66	3	998	105
2023-07-25	$36.72	$30.00	26.9%	7.7%	19.5%	14.3%	20.2%	4.5%	-12.0%	78.5K	-970.9K	-4.6K	0.36	102.08	11	4	1,064	107
2023-07-26	$36.89	$30.00	35.4%	10.2%	19.5%	23.5%	69.1%	1.1%	-20.7%	84.4K	-913.2K	-4.2K	0.00	127.49	16	0	1,075	110
2023-07-27	$36.14	$35.00	19.6%	5.6%	19.1%	6.3%	0.0%	-5.6%	28.3%	59.0K	-1.1M	-5.6K	0.00	117.50	14	0	1,068	110
2023-07-28	$35.91	$35.00	22.0%	6.3%	19.3%	8.9%	35.9%	3.2%	0.3%	60.0K	-784.7K	-4.2K	0.07	107.79	15	1	1,078	110
2023-07-31	$36.05	$35.00	22.1%	6.3%	18.8%	9.0%	22.2%	-34.4%	-0.6%	67.2K	-863.1K	-4.4K	8.00	96.85	1	8	1,089	111