OGE Options History — September 2024

In September 2024, OGE traded between $39.64 and $41.39. ATM implied volatility averaged 33.4%, placing in the 23.4% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 22.1% (HV 20d: 11.3%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 3.31.

Notable Days

2024-09-12: Highest Volume — 148 contracts
2024-09-11: Largest IV spike — 224.5% change
2024-09-18: Highest IV Rank — 42.9%
2024-09-18: Largest Expected Move — 15.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.41	$39.64	$41.39	$39.64	$40.91
Max Pain	$38.50	$35.00	$40.00	$35.00	$35.00
ATM IV	33.4%	10.4%	52.5%	17.8%	45.6%
Expected Move	10.9%	3.9%	15.0%	5.1%	13.1%
HV 20d	11.3%	8.6%	13.8%	10.3%	13.8%
HV 60d	15.8%	15.4%	16.3%	15.5%	16.1%
IV Rank	23.4%	0.0%	42.9%	7.0%	36.0%
IV Percentile	49.3%	0.0%	85.3%	8.7%	78.2%
Term Structure	0.0%	-26.9%	28.3%	10.6%	16.9%
VWIV	18.2%	16.0%	20.2%	16.0%	17.8%
Skew 25d	38.2%	-1.0%	97.9%	26.9%	35.4%
Skew 10d	30.6%	-21.6%	151.6%	32.1%	-1.1%
Call IV 25d	15.6%	10.5%	24.6%	13.2%	15.3%
Put IV 25d	53.8%	17.0%	113.1%	40.0%	50.7%
Bid-Ask Spread %	119.73	93.44	132.53	102.55	113.74
Gamma HHI	0.76	0.55	0.93	0.90	0.67
Net GEX	231.7K	125.0K	461.9K	258.0K	171.3K
Net DEX	-4.8M	-6.6M	-2.4M	-5.3M	-2.7M
Net VEX	-10.6K	-12.0K	-9.5K	-10.0K	-10.6K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	3.31	0.00	25.00	0.20	0.00
Total Volume	46.25	0	148	60	0
Total OI	3,076.55	1,687	3,941	3,423	1,706

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
2024-09-03	$39.64	$35.00	17.8%	5.1%	10.3%	7.0%	0.0%	26.9%	10.6%	258.0K	-5.3M	-10.0K	0.20	102.55	50	10	2,078	1,345
2024-09-04	$40.03	$35.00	13.7%	3.9%	9.7%	2.8%	16.0%	1.0%	28.3%	272.2K	-5.5M	-10.3K	0.00	93.44	81	0	2,128	1,355
2024-09-05	$39.88	$40.00	10.4%	12.7%	9.0%	0.0%	0.0%	1.4%	-26.9%	347.6K	-5.5M	-10.5K	0.00	130.87	52	0	2,086	1,365
2024-09-06	$39.66	$40.00	15.1%	12.9%	8.7%	4.8%	0.0%	-1.0%	-26.9%	283.4K	-5.3M	-9.7K	0.00	132.53	0	31	2,094	1,365
2024-09-09	$39.86	$40.00	38.4%	13.3%	8.8%	28.6%	0.0%	19.1%	-24.6%	186.2K	-5.4M	-10.6K	12.50	132.34	2	25	2,094	1,395
2024-09-10	$40.11	$40.00	14.1%	11.0%	8.6%	3.8%	0.0%	31.1%	0.4%	325.9K	-5.6M	-9.5K	25.00	125.45	3	75	2,094	1,420
2024-09-11	$39.95	$40.00	45.7%	13.1%	8.6%	36.0%	0.0%	51.7%	-22.7%	231.5K	-5.4M	-10.2K	12.50	128.67	4	50	2,107	1,495
2024-09-12	$40.05	$40.00	48.3%	13.8%	8.6%	38.7%	0.0%	52.8%	-23.5%	291.1K	-5.5M	-10.5K	1.35	128.74	63	85	2,109	1,535
2024-09-13	$40.81	$40.00	48.4%	13.9%	10.2%	38.8%	0.0%	56.7%	-18.7%	202.2K	-5.9M	-10.8K	0.00	127.76	60	0	2,170	1,620
2024-09-16	$41.39	$40.00	39.4%	11.3%	10.8%	29.6%	0.0%	41.0%	-5.4%	216.4K	-6.6M	-10.2K	0.00	124.59	117	0	2,210	1,620
2024-09-17	$40.84	$40.00	26.2%	7.5%	12.1%	16.2%	18.8%	50.8%	4.8%	214.8K	-6.2M	-11.2K	0.00	118.31	66	0	2,321	1,620
2024-09-18	$40.55	$40.00	52.5%	15.0%	12.4%	42.9%	0.0%	59.3%	-24.3%	215.9K	-5.6M	-11.0K	0.07	128.43	14	1	2,286	1,620
2024-09-19	$40.17	$40.00	24.2%	6.9%	12.9%	14.1%	18.3%	97.9%	19.0%	461.9K	-5.8M	-11.0K	0.00	120.94	40	0	2,288	1,621
2024-09-20	$40.66	$40.00	36.1%	10.4%	13.5%	26.3%	20.2%	58.3%	17.6%	125.0K	-6.4M	-12.0K	0.00	120.55	68	0	2,287	1,621
2024-09-23	$40.81	$40.00	36.4%	10.4%	13.6%	26.5%	0.0%	31.1%	23.9%	159.1K	-2.6M	-11.2K	0.00	113.34	0	0	1,330	357
2024-09-24	$40.83	$40.00	34.9%	10.0%	13.5%	25.0%	17.8%	60.3%	17.8%	197.2K	-2.4M	-9.9K	0.30	107.79	10	3	1,330	357
2024-09-25	$40.59	$35.00	28.4%	8.2%	13.2%	18.4%	0.0%	40.7%	23.2%	169.6K	-2.5M	-10.8K	1.00	124.14	7	7	1,331	360
2024-09-26	$40.45	$35.00	49.1%	14.1%	13.3%	39.5%	0.0%	15.7%	-7.0%	157.6K	-2.4M	-11.2K	0.00	113.55	1	0	1,338	367
2024-09-27	$40.98	$35.00	42.8%	12.3%	13.8%	33.1%	0.0%	34.8%	17.6%	147.6K	-2.7M	-11.4K	0.00	106.93	0	0	1,339	367
2024-09-30	$40.91	$35.00	45.6%	13.1%	13.8%	36.0%	0.0%	35.4%	16.9%	171.3K	-2.7M	-10.6K	0.00	113.74	0	0	1,339	367