OGE Options History — July 2025

In July 2025, OGE traded between $43.70 and $45.79. ATM implied volatility averaged 20.7%, placing in the 7.3% IV rank vs the trailing year. The 30-day expected move averaged 6.0%. IV traded above realized volatility by 5.7% (HV 20d: 15.0%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.06.

Notable Days

2025-07-08: Highest Volume — 80 contracts
2025-07-08: Largest IV spike — 92.2% change
2025-07-08: Highest IV Rank — 15.1%
2025-07-08: Largest Expected Move — 9.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.57	$43.70	$45.79	$44.69	$45.42
Max Pain	$44.55	$40.00	$45.00	$40.00	$45.00
ATM IV	20.7%	14.3%	31.8%	16.9%	18.1%
Expected Move	6.0%	4.1%	9.4%	4.8%	5.2%
HV 20d	15.0%	13.6%	16.8%	13.7%	16.2%
HV 60d	17.0%	14.8%	22.6%	22.6%	16.1%
IV Rank	7.3%	2.8%	15.1%	4.6%	5.5%
IV Percentile	26.2%	5.2%	57.1%	13.1%	20.6%
Term Structure	-2.0%	-18.0%	6.2%	4.7%	1.2%
VWIV	19.6%	15.8%	35.2%	17.8%	17.7%
Skew 25d	14.6%	-6.0%	82.3%	37.6%	6.6%
Skew 10d	20.1%	-4.0%	107.2%	53.2%	11.3%
Call IV 25d	19.7%	11.3%	26.9%	17.3%	20.1%
Put IV 25d	34.3%	17.1%	104.8%	55.0%	26.6%
Bid-Ask Spread %	111.35	80.77	127.38	80.77	111.47
Gamma HHI	0.76	0.68	0.85	0.75	0.77
Net GEX	124.8K	98.2K	176.2K	110.4K	152.2K
Net DEX	-1.6M	-1.9M	-1.2M	-1.5M	-1.9M
Net VEX	-5.3K	-6.4K	-4.3K	-5.7K	-4.4K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.06	0.00	0.60	0.15	0.00
Total Volume	18.318	1	80	30	13
Total OI	1,213.409	1,152	1,282	1,170	1,212

Daily Data (22 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
2025-07-01	$44.69	$40.00	16.9%	4.8%	13.7%	4.6%	17.8%	37.6%	4.7%	110.4K	-1.5M	-5.7K	0.15	80.77	26	4	719	451
2025-07-02	$44.31	$40.00	25.7%	7.4%	14.1%	10.8%	18.3%	82.3%	1.4%	102.3K	-1.3M	-6.3K	0.00	106.25	39	0	735	455
2025-07-03	$44.55	$45.00	25.1%	7.1%	13.6%	10.4%	0.0%	13.9%	-5.4%	137.1K	-1.4M	-5.4K	0.00	127.38	3	0	739	455
2025-07-07	$43.93	$45.00	16.5%	5.6%	14.3%	4.3%	21.4%	8.8%	-3.4%	113.4K	-1.3M	-6.4K	0.33	109.64	3	1	739	455
2025-07-08	$43.70	$45.00	31.8%	9.4%	14.3%	15.1%	35.2%	-6.0%	-18.0%	98.2K	-1.2M	-6.1K	0.05	119.19	76	4	739	455
2025-07-09	$44.27	$45.00	29.0%	8.3%	15.0%	13.1%	0.0%	12.4%	-13.7%	132.1K	-1.6M	-5.4K	0.00	124.21	6	0	807	458
2025-07-10	$44.52	$45.00	20.5%	5.9%	15.1%	7.1%	0.0%	-1.9%	-2.3%	132.1K	-1.8M	-5.7K	0.00	126.64	7	0	813	458
2025-07-11	$44.45	$45.00	16.2%	4.6%	15.0%	4.1%	0.0%	7.7%	-0.4%	165.2K	-1.7M	-6.3K	0.00	126.74	7	0	812	458
2025-07-14	$44.45	$45.00	14.3%	4.1%	14.8%	2.8%	0.0%	3.2%	0.8%	176.2K	-1.7M	-5.5K	0.00	115.69	7	0	817	458
2025-07-15	$44.02	$45.00	16.8%	4.8%	15.1%	4.5%	16.8%	-1.5%	0.3%	128.4K	-1.5M	-6.2K	0.01	110.94	72	1	824	458
2025-07-16	$44.22	$45.00	20.2%	5.8%	14.6%	6.9%	20.0%	6.0%	-3.2%	137.2K	-1.6M	-5.7K	0.04	112.26	25	1	818	459
2025-07-17	$44.15	$45.00	17.3%	4.9%	14.6%	4.8%	17.3%	1.3%	-1.0%	160.9K	-1.4M	-5.2K	0.00	112.38	14	0	806	460
2025-07-18	$44.51	$45.00	20.7%	5.9%	14.9%	7.2%	0.0%	1.5%	-3.3%	98.9K	-1.5M	-4.9K	0.00	117.15	2	0	808	464
2025-07-21	$45.03	$45.00	22.3%	6.4%	15.4%	8.4%	0.0%	24.1%	2.3%	99.7K	-1.7M	-5.1K	0.00	116.23	9	0	693	459
2025-07-22	$45.79	$45.00	21.6%	6.2%	15.3%	7.9%	0.0%	27.0%	6.2%	103.4K	-1.9M	-4.9K	0.00	102.14	43	0	702	459
2025-07-23	$44.93	$45.00	23.0%	6.6%	16.8%	8.9%	0.0%	19.7%	1.2%	103.6K	-1.6M	-5.0K	0.00	117.96	0	2	710	459
2025-07-24	$44.99	$45.00	17.4%	5.0%	14.6%	4.9%	17.4%	9.3%	-1.1%	113.1K	-1.7M	-4.9K	0.00	99.70	1	0	706	459
2025-07-25	$44.96	$45.00	16.7%	4.8%	14.6%	4.4%	15.8%	8.7%	0.9%	110.5K	-1.6M	-4.7K	0.00	104.76	6	0	707	459
2025-07-28	$44.23	$45.00	17.7%	5.1%	15.9%	5.2%	17.8%	6.6%	-1.8%	115.1K	-1.4M	-4.6K	0.60	90.57	5	3	713	459
2025-07-29	$44.70	$45.00	23.0%	6.6%	16.1%	8.9%	0.0%	32.8%	-6.3%	119.1K	-1.5M	-4.3K	0.00	99.69	3	0	718	462
2025-07-30	$44.78	$45.00	24.1%	6.9%	15.8%	9.6%	17.7%	20.6%	-2.4%	135.8K	-1.6M	-4.5K	0.00	117.95	20	0	736	462
2025-07-31	$45.42	$45.00	18.1%	5.2%	16.2%	5.5%	0.0%	6.6%	1.2%	152.2K	-1.9M	-4.4K	0.00	111.47	13	0	750	462