OGE Options History — February 2025

In February 2025, OGE traded between $42.20 and $46.02. ATM implied volatility averaged 31.3%, placing in the 14.8% IV rank vs the trailing year. The 30-day expected move averaged 8.0%. IV traded above realized volatility by 14.6% (HV 20d: 16.8%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 3 of 19 days. Put/call ratio averaged 2.95.

Notable Days

2025-02-28: Highest Volume — 435 contracts
2025-02-24: Largest IV spike — 49.3% change
2025-02-06: Highest IV Rank — 25.8%
2025-02-03: Largest Expected Move — 13.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.89	$42.20	$46.02	$42.20	$46.02
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	31.3%	17.9%	46.9%	46.8%	27.2%
Expected Move	8.0%	5.1%	13.4%	13.4%	7.8%
HV 20d	16.8%	10.7%	25.1%	25.1%	11.5%
HV 60d	19.6%	18.6%	22.1%	22.1%	19.2%
IV Rank	14.8%	5.3%	25.8%	25.7%	11.8%
IV Percentile	37.3%	9.1%	73.8%	73.4%	27.8%
Term Structure	-6.0%	-24.5%	5.0%	-24.5%	4.3%
VWIV	24.3%	18.5%	39.7%	24.7%	23.1%
Skew 25d	15.2%	2.6%	79.6%	17.8%	8.2%
Skew 10d	21.0%	4.6%	107.5%	27.4%	4.6%
Call IV 25d	22.4%	16.5%	42.3%	32.8%	21.2%
Put IV 25d	37.5%	23.3%	98.1%	50.6%	29.5%
Bid-Ask Spread %	107.19	84.97	128.45	128.45	113.69
Gamma HHI	0.60	0.46	0.94	0.46	0.83
Net GEX	247.2K	198.1K	326.3K	198.1K	226.5K
Net DEX	-4.8M	-6.3M	-3.4M	-3.4M	-6.3M
Net VEX	-7.8K	-9.7K	-6.0K	-9.7K	-6.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.95	0.00	47.00	0.00	0.00
Total Volume	51.947	0	435	0	435
Total OI	2,149.526	2,074	2,284	2,074	2,284

Daily Data (19 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
2025-02-03	$42.20	$40.00	46.8%	13.4%	25.1%	25.7%	0.0%	17.8%	-24.5%	198.1K	-3.4M	-9.7K	0.00	128.45	0	0	1,654	420
2025-02-04	$42.27	$40.00	45.8%	13.1%	25.0%	25.0%	0.0%	25.4%	-18.0%	215.7K	-3.5M	-8.9K	0.00	127.54	2	0	1,654	420
2025-02-05	$42.67	$40.00	43.0%	12.3%	21.1%	23.0%	0.0%	8.2%	-19.2%	223.9K	-3.7M	-8.7K	0.00	128.14	25	0	1,654	420
2025-02-06	$42.58	$40.00	46.9%	8.8%	21.0%	25.8%	0.0%	6.3%	-9.3%	208.3K	-4.0M	-9.2K	0.00	108.48	0	0	1,677	420
2025-02-07	$42.76	$40.00	46.1%	9.4%	21.0%	25.2%	0.0%	4.5%	-13.4%	200.1K	-4.1M	-9.2K	0.00	110.98	3	0	1,677	420
2025-02-10	$42.83	$40.00	39.3%	7.0%	19.4%	20.4%	24.7%	5.0%	-1.1%	231.1K	-3.8M	-8.3K	1.60	84.97	5	8	1,680	420
2025-02-11	$43.33	$40.00	38.0%	5.7%	19.5%	19.5%	19.1%	8.7%	-3.4%	256.1K	-4.5M	-7.4K	0.00	91.18	60	0	1,684	426
2025-02-12	$43.30	$40.00	25.6%	7.3%	18.0%	10.8%	22.3%	6.8%	-4.6%	233.2K	-4.2M	-9.3K	0.00	96.27	81	0	1,741	426
2025-02-13	$43.80	$40.00	22.9%	6.6%	18.2%	8.8%	21.4%	2.6%	-4.0%	316.4K	-4.5M	-7.2K	0.00	101.31	22	0	1,697	426
2025-02-14	$43.53	$40.00	20.3%	5.8%	16.4%	7.0%	0.0%	9.8%	-4.0%	272.0K	-4.7M	-7.4K	0.00	100.72	34	0	1,717	426
2025-02-18	$43.86	$40.00	23.4%	6.7%	16.4%	9.2%	0.0%	4.7%	-7.2%	319.7K	-4.7M	-6.8K	0.17	89.47	18	3	1,749	426
2025-02-19	$44.14	$40.00	17.9%	5.1%	14.6%	5.3%	18.5%	79.6%	-1.5%	278.7K	-5.0M	-6.0K	0.87	105.48	15	13	1,762	434
2025-02-20	$44.38	$40.00	19.5%	5.6%	12.2%	6.4%	39.7%	53.8%	5.0%	280.8K	-5.2M	-6.2K	0.00	112.97	31	0	1,783	423
2025-02-21	$45.22	$40.00	21.5%	6.2%	12.9%	7.8%	20.2%	6.3%	3.4%	326.3K	-6.1M	-6.9K	0.00	108.81	51	0	1,789	423
2025-02-24	$45.09	$40.00	32.1%	9.2%	13.0%	15.3%	30.2%	10.0%	-4.5%	227.3K	-5.5M	-7.6K	0.26	107.23	19	5	1,743	400
2025-02-25	$45.14	$40.00	22.5%	6.4%	11.5%	8.5%	0.0%	9.0%	-0.0%	234.5K	-5.6M	-7.5K	0.22	115.60	36	8	1,757	405
2025-02-26	$45.53	$40.00	31.2%	8.9%	10.7%	14.7%	0.0%	12.4%	-10.1%	223.0K	-5.8M	-7.7K	0.00	99.60	17	0	1,793	413
2025-02-27	$45.34	$40.00	25.6%	7.3%	10.9%	10.8%	0.0%	8.8%	-1.1%	225.9K	-5.7M	-7.7K	47.00	105.66	2	94	1,785	413
2025-02-28	$46.02	$40.00	27.2%	7.8%	11.5%	11.8%	23.1%	8.2%	4.3%	226.5K	-6.3M	-6.4K	0.00	113.69	435	0	1,777	507