OGE Options History — June 2025

In June 2025, OGE traded between $43.77 and $44.85. ATM implied volatility averaged 17.2%, placing in the 4.8% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 1.6% (HV 20d: 15.6%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.12.

Notable Days

2025-06-12: Highest Volume — 90 contracts
2025-06-11: Largest IV spike — 43.5% change
2025-06-20: Highest IV Rank — 8.9%
2025-06-05: Largest Expected Move — 7.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.10	$43.77	$44.85	$44.25	$44.24
Max Pain	$40.00	$40.00	$40.00	$40.00	$40.00
ATM IV	17.2%	12.3%	22.9%	16.3%	22.1%
Expected Move	5.3%	3.5%	7.3%	4.7%	6.3%
HV 20d	15.6%	12.4%	18.9%	18.4%	13.3%
HV 60d	22.7%	22.2%	23.3%	23.2%	22.6%
IV Rank	4.8%	1.3%	8.9%	4.2%	8.3%
IV Percentile	12.5%	0.4%	30.2%	7.9%	26.6%
Term Structure	3.2%	-6.6%	14.7%	6.3%	-1.0%
VWIV	23.7%	9.1%	78.6%	16.3%	19.6%
Skew 25d	24.5%	-8.6%	72.1%	2.3%	35.3%
Skew 10d	33.4%	-2.7%	92.1%	3.5%	50.3%
Call IV 25d	18.4%	13.7%	30.4%	15.9%	23.8%
Put IV 25d	42.9%	16.8%	94.0%	18.2%	59.0%
Bid-Ask Spread %	109.13	81.29	128.44	87.48	101.71
Gamma HHI	0.70	0.64	0.76	0.70	0.69
Net GEX	98.4K	74.2K	139.8K	97.4K	87.5K
Net DEX	-1.3M	-1.6M	-1.1M	-1.5M	-1.3M
Net VEX	-6.6K	-7.7K	-5.5K	-7.3K	-5.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.12	0.00	0.80	0.00	0.41
Total Volume	15.65	0	90	8	41
Total OI	1,321.15	1,087	1,461	1,327	1,129

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
2025-06-02	$44.25	$40.00	16.3%	4.7%	18.4%	4.2%	16.3%	2.3%	6.3%	97.4K	-1.5M	-7.3K	0.00	87.48	8	0	889	438
2025-06-03	$44.26	$40.00	15.2%	4.4%	18.4%	3.4%	0.0%	2.6%	5.0%	103.3K	-1.5M	-7.0K	0.00	81.29	0	59	893	438
2025-06-04	$43.77	$40.00	13.9%	4.0%	18.6%	2.4%	0.0%	0.7%	4.3%	89.9K	-1.2M	-7.7K	0.80	107.53	5	4	893	497
2025-06-05	$44.09	$40.00	15.9%	7.3%	18.9%	3.9%	0.0%	-8.6%	-6.6%	90.6K	-1.3M	-7.2K	0.00	128.44	8	0	888	496
2025-06-06	$43.80	$40.00	14.4%	5.1%	18.1%	2.9%	15.1%	0.9%	0.5%	90.1K	-1.2M	-7.0K	0.00	110.92	11	0	888	496
2025-06-09	$43.94	$40.00	14.5%	4.8%	18.1%	2.9%	0.0%	8.0%	-0.1%	101.8K	-1.3M	-6.8K	0.00	100.39	4	0	899	496
2025-06-10	$43.97	$40.00	13.1%	6.4%	16.9%	1.9%	0.0%	40.7%	2.3%	104.3K	-1.4M	-7.2K	0.00	108.38	0	0	903	496
2025-06-11	$44.18	$40.00	18.7%	5.4%	16.8%	5.9%	17.9%	41.7%	0.5%	120.5K	-1.2M	-6.6K	0.00	110.07	12	0	903	496
2025-06-12	$44.50	$40.00	12.3%	3.5%	16.4%	1.3%	9.1%	26.9%	13.6%	132.8K	-1.6M	-7.1K	0.00	112.23	90	0	906	496
2025-06-13	$44.25	$40.00	15.3%	4.4%	14.1%	3.4%	0.0%	52.0%	10.9%	139.8K	-1.5M	-7.2K	0.00	126.44	2	0	965	496
2025-06-16	$43.78	$40.00	20.4%	5.9%	14.4%	7.1%	0.0%	32.1%	0.5%	103.2K	-1.2M	-6.4K	0.00	115.55	0	0	964	496
2025-06-17	$43.92	$40.00	21.8%	6.3%	14.2%	8.1%	0.0%	6.1%	10.0%	103.8K	-1.4M	-6.5K	0.00	125.33	0	0	964	496
2025-06-18	$43.93	$40.00	20.6%	5.9%	13.7%	7.2%	0.0%	15.4%	14.7%	117.4K	-1.4M	-6.1K	0.00	127.78	4	0	964	496
2025-06-20	$43.89	$40.00	22.9%	6.6%	12.4%	8.9%	21.9%	72.1%	-2.3%	74.2K	-1.2M	-5.6K	0.40	114.14	5	2	960	496
2025-06-23	$44.66	$40.00	18.1%	5.2%	13.6%	5.4%	18.5%	31.6%	-2.7%	77.4K	-1.3M	-5.8K	0.03	96.90	31	1	653	434
2025-06-24	$44.85	$40.00	16.5%	4.7%	13.5%	4.3%	16.5%	32.7%	6.7%	92.7K	-1.5M	-6.2K	0.00	96.01	21	0	682	436
2025-06-25	$43.86	$40.00	17.0%	4.9%	15.5%	4.6%	0.0%	33.4%	4.9%	82.2K	-1.2M	-5.9K	0.00	106.60	0	0	690	436
2025-06-26	$43.88	$40.00	14.9%	4.3%	13.6%	3.2%	0.0%	28.7%	1.0%	80.2K	-1.1M	-6.2K	0.00	116.87	0	3	690	436
2025-06-27	$43.97	$40.00	20.9%	6.0%	13.1%	7.4%	78.6%	36.2%	-5.0%	78.1K	-1.2M	-6.1K	0.00	108.51	2	0	690	439
2025-06-30	$44.24	$40.00	22.1%	6.3%	13.3%	8.3%	19.6%	35.3%	-1.0%	87.5K	-1.3M	-5.5K	0.41	101.71	29	12	690	439