OGE Options History — May 2024

In May 2024, OGE traded between $34.91 and $37.16. ATM implied volatility averaged 41.1%, placing in the 31.0% IV rank vs the trailing year. The 30-day expected move averaged 8.4%. IV traded above realized volatility by 24.2% (HV 20d: 16.9%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 16 of 22 days. Put/call ratio averaged 0.50.

Notable Days

  • 2024-05-01: Highest Volume — 159 contracts
  • 2024-05-09: Largest IV spike — 165.3% change
  • 2024-05-14: Highest IV Rank — 88.0%
  • 2024-05-23: Largest Expected Move — 17.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.01$34.91$37.16$35.22$36.03
Max Pain$34.55$30.00$35.00$35.00$35.00
ATM IV41.1%14.7%96.7%47.4%28.7%
Expected Move8.4%4.2%17.9%13.6%8.2%
HV 20d16.9%13.0%21.1%21.0%17.0%
HV 60d17.4%16.5%17.8%17.5%17.7%
IV Rank31.0%3.8%88.0%37.4%18.2%
IV Percentile62.2%1.6%99.2%88.1%54.8%
Term Structure-0.5%-53.4%16.4%-53.4%6.5%
VWIV52.8%17.9%154.7%70.3%154.7%
Skew 25d21.6%-37.6%152.0%-15.9%18.2%
Skew 10d23.7%-33.9%226.2%1.9%3.9%
Call IV 25d25.4%11.8%57.6%44.2%21.6%
Put IV 25d47.0%13.1%177.7%28.3%39.8%
Bid-Ask Spread %110.2086.94128.46121.54105.32
Gamma HHI0.530.440.680.600.48
Net GEX207.9K132.9K272.6K198.8K189.4K
Net DEX-3.4M-4.7M-2.2M-2.7M-3.0M
Net VEX-16.1K-20.4K-12.9K-16.1K-16.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.500.004.180.032.50
Total Volume33.40901591597
Total OI3,478.9093,2123,6383,2123,440

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$35.22$35.0047.4%13.6%21.0%37.4%70.3%-15.9%-53.4%198.8K-2.7M-16.1K0.03121.5415451,9111,301
2024-05-02$34.91$35.0025.9%7.4%21.1%15.3%0.0%144.0%3.3%163.5K-2.2M-12.9K0.00123.454202,0241,301
2024-05-03$35.09$35.0048.5%13.9%20.6%38.6%0.0%152.0%1.5%272.6K-2.8M-16.6K0.00128.462502,0251,301
2024-05-06$35.55$30.0069.5%10.1%20.8%60.1%18.0%25.5%6.8%175.1K-2.7M-17.2K0.01116.3515212,0381,301
2024-05-07$35.97$30.0027.4%5.8%21.1%16.9%43.1%4.5%3.1%231.0K-3.8M-16.7K4.1897.6211462,1641,302
2024-05-08$35.97$35.0022.9%6.0%16.5%12.2%0.0%6.8%5.2%190.9K-3.5M-18.8K0.00107.034002,1651,360
2024-05-09$36.34$35.0060.7%6.1%16.6%51.0%0.0%4.4%0.2%132.9K-3.6M-20.4K0.00105.163402,2051,360
2024-05-10$36.41$35.0068.5%4.2%16.2%59.0%17.9%-37.6%-1.1%239.0K-4.1M-15.1K0.00105.39202,2391,360
2024-05-13$36.16$35.0078.1%5.4%16.5%68.9%0.0%0.5%-3.7%204.1K-3.8M-16.9K0.00118.65902,2391,360
2024-05-14$36.41$35.0096.7%8.8%15.8%88.0%24.4%11.3%-14.7%230.1K-4.5M-14.7K0.5094.99632,2481,360
2024-05-15$36.64$35.0015.7%4.5%15.7%4.8%0.0%-1.5%13.6%248.4K-4.2M-16.3K0.0086.94702,2541,357
2024-05-16$36.78$35.0024.6%7.1%15.7%14.0%124.9%17.1%9.7%186.0K-4.2M-17.4K0.00122.283502,2461,357
2024-05-17$36.91$35.0041.8%12.0%13.2%31.6%0.0%5.2%1.2%186.3K-4.7M-14.2K0.00118.901502,2811,357
2024-05-20$36.88$35.0016.0%4.6%13.2%5.2%0.0%2.5%1.6%204.3K-4.2M-14.6K0.0097.73002,1031,340
2024-05-21$37.16$35.0023.3%6.7%13.0%12.6%27.1%4.1%-7.6%175.8K-4.0M-16.4K0.09119.283232,1031,340
2024-05-22$36.61$35.0044.2%12.7%14.5%34.1%19.1%47.7%16.4%208.7K-3.9M-15.7K0.40116.591042,1361,340
2024-05-23$35.66$35.0062.5%17.9%17.9%52.9%0.0%25.0%-13.9%187.2K-2.9M-17.2K0.00113.20002,1401,336
2024-05-24$35.66$35.0042.6%12.2%16.8%32.4%0.0%42.2%10.0%270.0K-3.1M-14.1K0.00103.51202,1401,336
2024-05-28$35.53$35.0029.1%8.3%16.0%18.6%0.0%16.6%0.3%206.5K-2.4M-17.6K2.0099.59122,1341,336
2024-05-29$35.03$35.0014.7%4.2%16.9%3.8%39.3%0.9%4.3%246.7K-2.2M-15.1K0.21110.2556122,1351,338
2024-05-30$35.38$35.0016.5%4.7%16.1%5.7%42.1%2.7%0.1%226.6K-2.3M-15.3K0.12112.111722,0791,344
2024-05-31$36.03$35.0028.7%8.2%17.0%18.2%154.7%18.2%6.5%189.4K-3.0M-16.0K2.50105.32252,0941,346