OGE Options History — December 2023

In December 2023, OGE traded between $34.67 and $36.55. ATM implied volatility averaged 21.2%, placing in the 8.1% IV rank vs the trailing year. The 30-day expected move averaged 6.3%. IV traded above realized volatility by 2.0% (HV 20d: 19.2%). 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 13 of 20 days. Put/call ratio averaged 0.32.

Notable Days

2023-12-18: Highest Volume — 126 contracts
2023-12-21: Largest IV spike — 105.3% change
2023-12-21: Highest IV Rank — 23.6%
2023-12-21: Largest Expected Move — 10.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$35.37	$34.67	$36.55	$35.44	$34.84
Max Pain	$34.75	$30.00	$35.00	$30.00	$35.00
ATM IV	21.2%	16.4%	35.5%	17.6%	17.2%
Expected Move	6.3%	4.7%	10.2%	5.0%	4.9%
HV 20d	19.2%	17.5%	20.7%	20.7%	19.6%
HV 60d	21.6%	20.2%	23.0%	21.4%	20.3%
IV Rank	8.1%	2.8%	23.6%	4.1%	3.7%
IV Percentile	34.3%	7.1%	88.5%	14.3%	11.1%
Term Structure	3.3%	-8.9%	26.9%	3.6%	2.9%
VWIV	21.6%	14.4%	30.7%	17.6%	22.5%
Skew 25d	25.0%	-0.9%	80.5%	16.3%	29.1%
Skew 10d	43.0%	-2.0%	148.4%	42.1%	41.5%
Call IV 25d	18.7%	13.8%	25.7%	22.5%	17.4%
Put IV 25d	43.7%	19.5%	95.7%	38.7%	46.5%
Bid-Ask Spread %	83.46	44.73	113.31	84.30	64.20
Gamma HHI	0.58	0.48	0.75	0.71	0.50
Net GEX	125.3K	65.5K	224.7K	177.6K	91.4K
Net DEX	-1.4M	-2.3M	-768.3K	-1.6M	-868.8K
Net VEX	-4.8K	-5.4K	-4.0K	-5.3K	-4.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.32	0.00	1.71	0.30	0.04
Total Volume	30.75	1	126	39	29
Total OI	1,280.85	953	1,517	1,437	1,071

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
2023-12-01	$35.44	$30.00	17.6%	5.0%	20.7%	4.1%	17.6%	16.3%	3.6%	177.6K	-1.6M	-5.3K	0.30	84.30	30	9	1,304	133
2023-12-04	$35.58	$35.00	17.7%	7.4%	20.5%	4.2%	26.1%	6.0%	6.2%	163.0K	-1.7M	-4.7K	1.11	87.52	18	20	1,312	140
2023-12-05	$35.33	$35.00	20.3%	6.2%	19.4%	7.0%	0.0%	-0.9%	2.5%	173.6K	-1.6M	-5.3K	0.00	104.58	2	0	1,327	158
2023-12-06	$35.59	$35.00	24.4%	8.4%	19.3%	11.6%	30.7%	27.3%	-8.9%	162.7K	-1.6M	-5.0K	0.00	110.10	42	0	1,327	158
2023-12-07	$35.56	$35.00	20.7%	6.2%	17.8%	7.5%	0.0%	19.8%	3.5%	168.0K	-1.7M	-5.1K	0.00	62.25	0	1	1,328	158
2023-12-08	$35.25	$35.00	18.6%	6.3%	18.3%	5.2%	21.9%	30.5%	-0.4%	203.2K	-1.6M	-5.0K	0.09	111.71	56	5	1,328	159
2023-12-11	$35.36	$35.00	23.2%	5.8%	18.3%	10.2%	20.1%	34.6%	1.3%	195.2K	-1.6M	-4.6K	0.00	103.28	11	0	1,317	163
2023-12-12	$35.30	$35.00	20.7%	5.8%	17.7%	7.5%	20.1%	18.3%	10.0%	224.7K	-1.6M	-4.9K	0.25	72.62	12	3	1,322	163
2023-12-13	$36.55	$35.00	26.5%	7.6%	17.5%	13.8%	0.0%	13.7%	-4.0%	67.9K	-2.3M	-4.7K	0.04	113.31	28	1	1,322	163
2023-12-14	$36.19	$35.00	23.7%	6.8%	17.7%	10.8%	23.8%	16.7%	-3.1%	82.6K	-2.3M	-5.0K	0.48	87.76	42	20	1,344	163
2023-12-15	$35.33	$35.00	19.2%	5.5%	19.2%	5.8%	19.2%	32.7%	0.6%	192.1K	-2.1M	-5.4K	0.26	109.36	39	10	1,374	143
2023-12-18	$35.42	$35.00	19.0%	5.4%	18.8%	5.7%	19.0%	80.5%	13.3%	65.5K	-903.2K	-4.0K	0.02	89.91	123	3	843	110
2023-12-19	$35.72	$35.00	19.1%	5.5%	19.0%	5.8%	19.1%	18.2%	16.7%	74.8K	-1.0M	-4.7K	0.05	44.73	38	2	885	113
2023-12-20	$35.05	$35.00	17.3%	5.0%	20.2%	3.8%	16.7%	24.0%	26.9%	77.7K	-864.0K	-4.4K	1.71	69.24	7	12	917	115
2023-12-21	$34.95	$35.00	35.5%	10.2%	20.1%	23.6%	29.2%	27.9%	-1.4%	68.2K	-799.3K	-4.3K	0.00	73.13	2	0	923	116
2023-12-22	$35.08	$35.00	25.4%	7.3%	20.1%	12.6%	25.8%	24.9%	-4.6%	69.4K	-822.5K	-4.4K	0.11	70.43	9	1	924	116
2023-12-26	$35.14	$35.00	18.8%	5.4%	20.1%	5.4%	18.8%	27.8%	1.9%	83.5K	-905.7K	-4.6K	0.07	75.62	15	1	933	117
2023-12-27	$34.67	$35.00	16.4%	4.7%	20.5%	2.8%	14.4%	26.7%	2.3%	78.0K	-768.3K	-4.4K	0.06	65.54	18	1	943	118
2023-12-28	$34.95	$35.00	23.1%	6.6%	20.0%	10.1%	22.5%	25.3%	-4.4%	86.8K	-898.7K	-4.8K	1.50	69.69	2	3	949	118
2023-12-29	$34.84	$35.00	17.2%	4.9%	19.6%	3.7%	0.0%	29.1%	2.9%	91.4K	-868.8K	-4.3K	0.04	64.20	28	1	950	121