OGE Options History — November 2023

In November 2023, OGE traded between $33.56 and $35.61. ATM implied volatility averaged 27.4%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 4.2% (HV 20d: 23.2%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.19.

Notable Days

2023-11-20: Highest Volume — 79 contracts
2023-11-24: Largest IV spike — 111.3% change
2023-11-07: Highest IV Rank — 43.0%
2023-11-16: Largest Expected Move — 10.8%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$34.65	$33.56	$35.61	$34.55	$35.09
Max Pain	$30.00	$30.00	$30.00	$30.00	$30.00
ATM IV	27.4%	17.6%	53.4%	24.7%	17.6%
Expected Move	7.2%	5.0%	10.8%	7.1%	5.0%
HV 20d	23.2%	18.3%	25.8%	18.3%	23.1%
HV 60d	21.2%	19.3%	22.0%	19.3%	21.9%
IV Rank	14.8%	4.1%	43.0%	11.8%	4.1%
IV Percentile	55.3%	13.5%	96.8%	59.5%	13.5%
Term Structure	1.8%	-12.1%	24.8%	-0.6%	0.6%
VWIV	24.7%	17.6%	35.3%	24.7%	17.6%
Skew 25d	13.6%	-0.9%	38.9%	2.7%	-0.9%
Skew 10d	20.5%	0.3%	50.4%	4.8%	0.3%
Call IV 25d	21.5%	16.5%	30.4%	22.6%	22.0%
Put IV 25d	35.0%	18.5%	67.9%	25.3%	21.1%
Bid-Ask Spread %	78.50	44.78	101.05	44.78	87.94
Gamma HHI	0.61	0.49	0.76	0.51	0.72
Net GEX	122.3K	74.8K	209.3K	92.3K	168.0K
Net DEX	-1.2M	-1.5M	-711.3K	-1.0M	-1.4M
Net VEX	-4.7K	-6.1K	-4.0K	-4.7K	-4.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.19	0.00	3.00	0.07	0.00
Total Volume	23.81	0	79	16	70
Total OI	1,319.429	1,220	1,394	1,220	1,367

Daily Data (21 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
2023-11-01	$34.55	$30.00	24.7%	7.1%	18.3%	11.8%	24.7%	2.7%	-0.6%	92.3K	-1.0M	-4.7K	0.07	44.78	15	1	1,082	138
2023-11-02	$35.61	$30.00	24.3%	6.8%	20.6%	11.4%	23.2%	10.5%	4.4%	100.9K	-1.5M	-5.6K	0.38	88.02	29	11	1,096	139
2023-11-03	$35.31	$30.00	48.7%	8.6%	21.1%	37.9%	29.9%	8.3%	2.7%	99.0K	-1.4M	-6.1K	0.17	90.41	6	1	1,123	150
2023-11-06	$34.64	$30.00	26.3%	6.6%	22.5%	13.5%	23.2%	9.8%	6.5%	102.9K	-1.2M	-5.4K	0.00	80.73	3	0	1,128	150
2023-11-07	$34.45	$30.00	53.4%	7.8%	22.5%	43.0%	0.0%	12.1%	0.9%	88.1K	-1.1M	-5.0K	0.00	87.21	1	0	1,131	150
2023-11-08	$33.81	$30.00	20.6%	5.9%	22.7%	7.4%	28.0%	7.8%	1.8%	87.7K	-791.1K	-4.1K	3.00	97.19	4	12	1,132	150
2023-11-09	$33.84	$30.00	34.8%	10.0%	22.6%	22.9%	29.9%	23.9%	-7.9%	79.7K	-711.3K	-4.0K	0.00	100.78	36	0	1,130	162
2023-11-10	$33.91	$30.00	22.5%	6.4%	22.3%	9.4%	22.1%	7.7%	2.4%	74.8K	-960.2K	-4.7K	0.00	101.05	70	0	1,142	162
2023-11-13	$33.56	$30.00	20.3%	5.8%	21.8%	7.1%	22.6%	2.0%	0.9%	77.5K	-770.3K	-4.4K	0.00	73.19	7	0	1,212	162
2023-11-14	$34.78	$30.00	21.3%	6.1%	25.2%	8.2%	21.2%	2.4%	10.1%	155.5K	-1.4M	-5.2K	0.09	80.80	11	1	1,217	162
2023-11-15	$34.50	$30.00	21.2%	6.1%	25.3%	8.1%	0.0%	1.7%	3.5%	141.7K	-1.2M	-4.8K	0.00	72.00	0	0	1,222	161
2023-11-16	$35.05	$30.00	37.8%	10.8%	25.7%	26.1%	35.3%	25.6%	-2.6%	209.3K	-1.4M	-5.0K	0.00	74.65	11	0	1,222	161
2023-11-17	$34.67	$30.00	18.9%	5.4%	25.8%	5.6%	18.9%	1.6%	15.3%	196.8K	-1.2M	-5.0K	0.00	77.37	13	0	1,233	161
2023-11-20	$34.72	$30.00	28.1%	8.0%	25.6%	15.5%	26.7%	28.6%	-2.7%	99.0K	-1.0M	-4.4K	0.00	74.27	79	0	1,127	133
2023-11-21	$34.59	$30.00	22.6%	6.5%	24.5%	9.6%	23.1%	29.5%	-1.2%	109.2K	-1.1M	-4.5K	0.00	84.32	2	0	1,176	133
2023-11-22	$34.86	$30.00	17.8%	5.1%	24.6%	4.3%	17.8%	3.5%	1.9%	137.0K	-1.2M	-4.4K	0.07	70.00	30	2	1,181	133
2023-11-24	$34.83	$30.00	37.5%	10.8%	24.4%	25.8%	32.1%	27.4%	-12.1%	126.3K	-1.1M	-4.6K	0.00	56.67	4	0	1,209	133
2023-11-27	$34.91	$30.00	18.3%	5.3%	22.6%	4.9%	18.3%	8.9%	24.8%	151.7K	-1.4M	-4.8K	0.00	57.05	25	0	1,213	133
2023-11-28	$35.20	$30.00	29.5%	8.5%	22.6%	17.1%	0.0%	32.6%	-4.9%	139.9K	-1.4M	-4.4K	0.00	86.51	8	0	1,208	133
2023-11-29	$34.70	$30.00	29.5%	8.5%	23.2%	17.1%	29.2%	38.9%	-5.8%	130.5K	-1.1M	-4.1K	0.02	63.50	47	1	1,218	133
2023-11-30	$35.09	$30.00	17.6%	5.0%	23.1%	4.1%	17.6%	-0.9%	0.6%	168.0K	-1.4M	-4.5K	0.00	87.94	70	0	1,234	133