OGE Options History — April 2025

In April 2025, OGE traded between $41.84 and $46.47. ATM implied volatility averaged 32.2%, placing in the 15.4% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 3.7% (HV 20d: 28.5%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 0.87.

Notable Days

2025-04-17: Highest Volume — 392 contracts
2025-04-04: Largest IV spike — 68.6% change
2025-04-08: Highest IV Rank — 43.0%
2025-04-08: Largest Expected Move — 11.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.66	$41.84	$46.47	$46.08	$45.28
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	32.2%	18.6%	71.4%	27.4%	28.9%
Expected Move	8.3%	5.7%	11.4%	6.7%	8.3%
HV 20d	28.5%	16.1%	33.4%	17.8%	32.7%
HV 60d	21.6%	17.6%	22.8%	19.1%	22.6%
IV Rank	15.4%	5.8%	43.0%	12.0%	13.0%
IV Percentile	39.4%	9.5%	92.9%	31.7%	38.5%
Term Structure	-4.3%	-15.6%	8.9%	8.9%	-11.8%
VWIV	26.4%	20.0%	37.5%	37.5%	29.6%
Skew 25d	11.7%	-1.0%	38.5%	38.5%	4.6%
Skew 10d	15.9%	-1.6%	57.9%	57.9%	12.2%
Call IV 25d	22.5%	14.4%	31.8%	14.6%	24.2%
Put IV 25d	34.2%	20.0%	53.1%	53.1%	28.8%
Bid-Ask Spread %	113.78	96.41	125.48	111.16	115.88
Gamma HHI	0.55	0.40	0.84	0.65	0.48
Net GEX	82.0K	-33.3K	261.9K	125.0K	75.1K
Net DEX	-1.6M	-2.6M	-224.4K	-2.2M	-1.8M
Net VEX	-6.3K	-8.3K	-4.7K	-6.7K	-5.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.87	0.00	9.00	0.00	0.45
Total Volume	53.571	0	392	1	106
Total OI	1,408.048	815	1,760	1,688	1,004

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
2025-04-01	$46.08	$40.00	27.4%	6.7%	17.8%	12.0%	0.0%	38.5%	8.9%	125.0K	-2.2M	-6.7K	0.00	111.16	1	0	886	802
2025-04-02	$46.47	$40.00	18.6%	5.9%	16.6%	5.8%	0.0%	19.7%	-0.6%	149.5K	-2.6M	-6.3K	0.00	101.34	62	0	887	802
2025-04-03	$46.18	$40.00	24.1%	7.3%	16.1%	9.6%	0.0%	21.2%	0.5%	133.6K	-2.5M	-7.0K	0.39	121.79	31	12	919	802
2025-04-04	$43.98	$40.00	40.6%	8.9%	24.0%	21.3%	0.0%	13.1%	-3.7%	101.7K	-1.1M	-6.7K	0.31	125.48	45	14	927	812
2025-04-07	$42.38	$40.00	66.5%	10.5%	27.2%	39.6%	37.5%	16.3%	-4.4%	-33.3K	-224.4K	-8.1K	0.09	116.13	53	5	899	805
2025-04-08	$41.84	$40.00	71.4%	11.4%	27.4%	43.0%	0.0%	8.5%	-9.1%	-10.0K	-244.1K	-8.2K	0.00	117.42	73	0	953	801
2025-04-09	$43.21	$40.00	37.3%	10.7%	29.8%	19.0%	0.0%	19.8%	-15.6%	15.0K	-931.8K	-8.3K	0.00	121.61	116	0	959	801
2025-04-10	$43.19	$40.00	31.4%	9.0%	29.7%	14.8%	0.0%	19.7%	-5.5%	1.8K	-787.1K	-7.4K	0.00	121.34	1	0	880	800
2025-04-11	$44.14	$40.00	34.9%	10.0%	29.7%	17.3%	0.0%	11.7%	-7.6%	89.0K	-1.5M	-6.6K	0.00	110.56	0	0	881	800
2025-04-14	$44.69	$40.00	29.0%	8.3%	29.8%	13.1%	0.0%	10.0%	1.1%	132.2K	-1.8M	-6.0K	0.00	115.23	1	0	881	802
2025-04-15	$44.93	$40.00	25.1%	7.2%	29.9%	10.4%	23.5%	14.6%	-1.5%	96.0K	-2.0M	-5.8K	1.00	108.68	1	1	882	804
2025-04-16	$44.70	$40.00	30.4%	8.7%	29.5%	14.2%	0.0%	14.2%	-6.0%	51.2K	-1.7M	-6.0K	0.00	121.34	4	0	883	805
2025-04-17	$45.23	$40.00	30.2%	8.7%	29.9%	14.0%	26.1%	15.7%	-3.9%	261.9K	-2.6M	-5.4K	0.30	111.89	302	90	887	805
2025-04-21	$43.97	$40.00	34.8%	10.0%	31.3%	17.2%	0.0%	1.8%	-14.1%	64.3K	-1.4M	-5.8K	9.00	118.39	1	9	654	163
2025-04-22	$45.41	$40.00	30.2%	8.7%	33.4%	14.0%	28.0%	8.0%	-7.1%	65.9K	-1.7M	-5.4K	0.80	110.17	40	32	654	161
2025-04-23	$45.00	$40.00	28.2%	8.1%	33.0%	12.6%	28.2%	4.9%	-7.1%	76.8K	-1.6M	-5.2K	1.00	111.19	16	16	693	193
2025-04-24	$45.28	$40.00	20.1%	5.7%	32.8%	6.8%	20.0%	-1.0%	-0.0%	92.8K	-1.7M	-4.7K	2.75	112.03	8	22	709	209
2025-04-25	$44.93	$40.00	22.3%	6.4%	32.9%	8.4%	22.4%	-0.6%	-1.5%	86.6K	-1.6M	-5.0K	1.11	105.06	19	21	725	239
2025-04-28	$45.41	$40.00	22.6%	6.5%	32.8%	8.6%	22.6%	-0.8%	-2.3%	74.0K	-1.7M	-5.7K	0.00	96.41	5	0	740	260
2025-04-29	$45.61	$40.00	22.9%	6.6%	32.7%	8.8%	0.0%	6.9%	0.3%	73.5K	-1.9M	-5.6K	0.29	116.29	14	4	740	260
2025-04-30	$45.28	$40.00	28.9%	8.3%	32.7%	13.0%	29.6%	4.6%	-11.8%	75.1K	-1.8M	-5.5K	0.45	115.88	73	33	740	264