OGE Options History — January 2024

In January 2024, OGE traded between $32.38 and $35.77. ATM implied volatility averaged 40.7%, placing in the 29.2% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 20.9% (HV 20d: 19.8%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 1.56.

Notable Days

2024-01-16: Highest Volume — 199 contracts
2024-01-22: Largest IV spike — 221.7% change
2024-01-25: Highest IV Rank — 64.4%
2024-01-25: Largest Expected Move — 21.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$33.95	$32.38	$35.77	$35.27	$33.28
Max Pain	$35.00	$35.00	$35.00	$35.00	$35.00
ATM IV	40.7%	16.8%	73.1%	17.9%	42.6%
Expected Move	11.2%	5.1%	21.0%	5.1%	12.2%
HV 20d	19.8%	18.1%	23.6%	19.8%	19.7%
HV 60d	20.8%	19.8%	21.4%	20.3%	19.8%
IV Rank	29.2%	3.3%	64.4%	4.4%	31.3%
IV Percentile	72.4%	9.5%	99.6%	17.5%	89.7%
Term Structure	-18.0%	-68.6%	10.5%	2.2%	0.5%
VWIV	23.9%	17.9%	50.0%	17.9%	50.0%
Skew 25d	2.8%	-45.2%	33.7%	20.7%	9.4%
Skew 10d	16.1%	-11.6%	56.8%	37.1%	-8.7%
Call IV 25d	29.3%	13.5%	62.8%	23.4%	20.5%
Put IV 25d	32.1%	17.7%	57.6%	44.1%	29.9%
Bid-Ask Spread %	109.90	73.95	126.39	73.95	109.49
Gamma HHI	0.48	0.37	0.59	0.52	0.57
Net GEX	52.2K	19.9K	122.1K	97.4K	55.9K
Net DEX	-488.8K	-1.3M	-33.1K	-992.0K	-568.7K
Net VEX	-4.0K	-6.2K	-2.3K	-4.5K	-6.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	1.56	0.00	20.20	0.00	0.00
Total Volume	52.286	0	199	16	67
Total OI	1,063.619	928	1,410	1,089	1,410

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
2024-01-02	$35.27	$35.00	17.9%	5.1%	19.8%	4.4%	17.9%	20.7%	2.2%	97.4K	-992.0K	-4.5K	0.00	73.95	16	0	967	122
2024-01-03	$35.50	$35.00	27.0%	7.7%	19.9%	14.4%	22.9%	25.1%	-4.3%	122.1K	-1.1M	-4.7K	0.25	98.93	16	4	953	122
2024-01-04	$35.77	$35.00	50.2%	5.5%	19.9%	39.6%	19.2%	22.9%	10.5%	103.3K	-1.3M	-5.3K	0.14	104.52	71	10	955	126
2024-01-05	$35.34	$35.00	30.6%	5.7%	20.2%	18.2%	19.8%	30.6%	2.2%	68.1K	-916.9K	-5.2K	0.29	104.92	14	4	809	126
2024-01-08	$35.45	$35.00	19.2%	5.5%	20.3%	5.9%	19.2%	7.6%	1.7%	68.1K	-786.8K	-4.5K	2.00	88.80	1	2	820	125
2024-01-09	$35.38	$35.00	16.8%	6.4%	20.0%	3.3%	0.0%	6.6%	-2.2%	68.6K	-737.4K	-4.3K	0.00	108.31	0	0	821	127
2024-01-10	$35.45	$35.00	40.0%	11.5%	20.0%	28.4%	0.0%	33.7%	-17.9%	69.7K	-715.6K	-4.0K	0.12	113.28	26	3	821	127
2024-01-11	$34.22	$35.00	18.8%	5.4%	23.6%	5.4%	19.6%	3.4%	1.2%	51.3K	-251.5K	-3.2K	0.00	107.75	5	0	801	127
2024-01-12	$34.25	$35.00	22.6%	6.5%	19.4%	9.5%	22.8%	-1.8%	-3.2%	50.3K	-282.0K	-3.3K	0.33	114.23	12	4	806	127
2024-01-16	$33.58	$35.00	58.7%	16.8%	20.2%	48.7%	0.0%	-14.6%	-42.7%	49.4K	-488.8K	-3.9K	5.63	124.75	30	169	809	128
2024-01-17	$33.17	$35.00	57.6%	16.5%	19.0%	47.6%	0.0%	13.9%	-51.7%	22.5K	-108.8K	-2.3K	1.69	123.98	16	27	808	190
2024-01-18	$33.00	$35.00	38.3%	11.0%	18.9%	26.6%	0.0%	6.9%	-5.8%	19.9K	-33.1K	-2.4K	0.05	126.39	20	1	801	186
2024-01-19	$33.14	$35.00	18.8%	5.4%	18.6%	5.4%	0.0%	22.6%	-2.0%	21.1K	-52.9K	-2.5K	0.00	120.06	63	0	821	187
2024-01-22	$32.70	$35.00	60.4%	17.3%	18.1%	50.7%	0.0%	-45.2%	-63.9%	22.4K	-135.6K	-2.7K	0.41	109.36	27	11	812	165
2024-01-23	$32.95	$35.00	56.3%	16.1%	18.5%	46.2%	0.0%	-23.9%	-36.8%	23.2K	-176.1K	-2.8K	0.01	125.56	95	1	831	177
2024-01-24	$32.38	$35.00	42.7%	12.2%	19.0%	31.4%	0.0%	6.6%	-30.3%	24.2K	-180.4K	-3.4K	0.00	117.22	61	0	926	178
2024-01-25	$32.95	$35.00	73.1%	21.0%	20.4%	64.4%	0.0%	-40.9%	-68.6%	34.6K	-328.5K	-4.3K	0.02	125.71	45	1	973	178
2024-01-26	$32.86	$35.00	36.8%	10.5%	20.1%	25.0%	0.0%	6.2%	-1.1%	40.6K	-329.2K	-4.1K	20.20	112.60	5	101	1,016	178
2024-01-29	$33.22	$35.00	58.2%	16.7%	20.3%	48.2%	50.0%	-18.8%	-33.4%	42.2K	-370.4K	-5.3K	0.00	88.87	142	0	1,020	278
2024-01-30	$33.16	$35.00	67.7%	19.4%	20.3%	58.6%	0.0%	-12.6%	-33.4%	41.1K	-429.5K	-5.7K	0.00	109.28	28	0	1,104	278
2024-01-31	$33.28	$35.00	42.6%	12.2%	19.7%	31.3%	0.0%	9.4%	0.5%	55.9K	-568.7K	-6.2K	0.00	109.49	67	0	1,132	278