OGE Options History — December 2024

In December 2024, OGE traded between $40.66 and $43.30. ATM implied volatility averaged 28.2%, placing in the 12.6% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 8.6% (HV 20d: 19.6%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 0.19.

Notable Days

2024-12-17: Highest Volume — 301 contracts
2024-12-17: Largest IV spike — 101.3% change
2024-12-31: Highest IV Rank — 21.0%
2024-12-31: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$41.87	$40.66	$43.30	$42.88	$41.10
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	28.2%	16.8%	40.2%	30.4%	40.2%
Expected Move	8.6%	5.0%	11.5%	8.7%	11.5%
HV 20d	19.6%	15.1%	24.7%	24.7%	15.1%
HV 60d	18.9%	18.4%	19.3%	18.5%	19.0%
IV Rank	12.6%	4.5%	21.0%	14.1%	21.0%
IV Percentile	31.8%	6.7%	60.7%	35.7%	60.7%
Term Structure	-1.8%	-15.3%	34.8%	34.8%	-10.1%
VWIV	22.9%	11.9%	35.2%	22.9%	35.2%
Skew 25d	12.3%	-10.1%	40.3%	6.9%	40.3%
Skew 10d	19.3%	-13.3%	78.5%	-1.6%	78.5%
Call IV 25d	24.0%	12.7%	39.8%	13.0%	31.5%
Put IV 25d	36.3%	17.0%	71.8%	19.9%	71.8%
Bid-Ask Spread %	115.46	103.93	127.14	116.01	113.13
Gamma HHI	0.50	0.42	0.75	0.48	0.43
Net GEX	123.0K	77.6K	256.9K	181.9K	103.6K
Net DEX	-3.2M	-4.5M	-1.4M	-4.2M	-1.6M
Net VEX	-6.4K	-7.4K	-5.4K	-6.3K	-7.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.19	0.00	3.00	0.00	0.10
Total Volume	46.476	0	301	14	109
Total OI	1,926.952	1,208	2,345	2,157	1,396

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
2024-12-02	$42.88	$40.00	30.4%	8.7%	24.7%	14.1%	22.9%	6.9%	34.8%	181.9K	-4.2M	-6.3K	0.00	116.01	14	0	1,510	647
2024-12-03	$42.97	$40.00	27.4%	7.8%	24.7%	12.0%	21.0%	10.6%	3.5%	172.4K	-4.5M	-5.7K	0.00	109.84	11	0	1,501	647
2024-12-04	$42.84	$40.00	26.0%	7.5%	23.5%	11.0%	11.9%	9.5%	16.1%	151.7K	-4.2M	-6.7K	0.00	109.87	1	0	1,491	647
2024-12-05	$43.30	$40.00	26.4%	8.2%	21.0%	11.3%	26.6%	-10.1%	-7.8%	165.8K	-4.5M	-5.8K	0.00	122.51	7	0	1,491	647
2024-12-06	$42.37	$40.00	16.8%	8.7%	22.4%	4.5%	0.0%	6.5%	-9.6%	134.3K	-4.0M	-5.8K	0.00	113.74	45	0	1,497	647
2024-12-09	$41.83	$40.00	17.6%	8.2%	22.5%	5.1%	0.0%	15.0%	-5.2%	121.3K	-3.6M	-5.9K	3.00	116.12	2	6	1,452	647
2024-12-10	$42.25	$40.00	19.2%	8.3%	21.6%	6.2%	0.0%	4.8%	-2.4%	114.4K	-3.8M	-5.7K	0.10	114.75	10	1	1,452	653
2024-12-11	$42.09	$40.00	24.3%	7.0%	21.6%	9.8%	0.0%	17.1%	5.5%	107.3K	-3.7M	-5.7K	0.00	115.49	0	0	1,456	654
2024-12-12	$42.12	$40.00	23.8%	6.8%	21.2%	9.5%	0.0%	0.2%	4.7%	89.7K	-3.8M	-5.4K	0.27	105.13	41	11	1,456	654
2024-12-13	$42.12	$40.00	25.2%	7.2%	18.3%	10.5%	0.0%	0.7%	2.7%	81.0K	-3.8M	-5.6K	0.00	111.56	50	0	1,457	665
2024-12-16	$42.03	$40.00	17.5%	5.0%	16.0%	5.0%	19.7%	-2.2%	0.5%	77.6K	-3.9M	-5.7K	0.00	125.14	71	0	1,500	665
2024-12-17	$41.68	$40.00	35.2%	10.1%	16.0%	17.5%	35.2%	37.2%	-14.3%	146.0K	-3.6M	-6.4K	0.12	127.14	269	32	1,528	665
2024-12-18	$40.66	$40.00	32.3%	9.3%	17.9%	15.5%	0.0%	-0.4%	-15.3%	256.9K	-2.9M	-7.3K	0.01	122.75	72	1	1,648	697
2024-12-19	$41.11	$40.00	21.0%	6.0%	18.6%	7.5%	0.0%	17.0%	-0.1%	148.4K	-3.5M	-7.2K	0.00	122.94	6	0	1,626	696
2024-12-20	$41.22	$40.00	28.4%	8.1%	17.9%	12.7%	0.0%	22.7%	5.3%	77.8K	-3.6M	-6.8K	0.00	119.29	28	0	1,621	696
2024-12-23	$41.25	$40.00	33.3%	9.6%	17.8%	16.2%	0.0%	26.8%	-8.6%	80.9K	-1.4M	-6.6K	0.24	119.53	25	6	828	380
2024-12-24	$41.50	$40.00	37.3%	10.7%	18.1%	19.0%	0.0%	7.9%	-14.6%	85.0K	-1.5M	-6.8K	0.00	114.75	84	0	847	386
2024-12-26	$41.28	$40.00	39.0%	11.2%	17.8%	20.2%	0.0%	4.5%	-13.3%	93.9K	-1.5M	-7.3K	0.00	108.25	2	0	938	386
2024-12-27	$41.28	$40.00	33.7%	9.7%	17.8%	16.4%	0.0%	22.3%	-2.8%	92.6K	-1.5M	-7.3K	0.00	112.80	44	0	938	386
2024-12-30	$41.35	$40.00	37.0%	10.6%	17.8%	18.8%	0.0%	21.0%	-7.4%	100.6K	-1.6M	-7.2K	0.04	103.93	27	1	982	386
2024-12-31	$41.10	$40.00	40.2%	11.5%	15.1%	21.0%	0.0%	40.3%	-10.1%	103.6K	-1.6M	-7.4K	0.10	113.13	99	10	1,009	387