OGE Options History — August 2025

In August 2025, OGE traded between $44.56 and $45.94. ATM implied volatility averaged 22.0%, placing in the 8.2% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 5.5% (HV 20d: 16.5%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 18 of 21 days. Put/call ratio averaged 0.17.

Notable Days

2025-08-27: Highest Volume — 79 contracts
2025-08-13: Largest IV drop — 52.7% change
2025-08-11: Highest IV Rank — 22.1%
2025-08-01: Largest Expected Move — 6.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.27	$44.56	$45.94	$45.25	$44.56
Max Pain	$40.24	$40.00	$45.00	$45.00	$40.00
ATM IV	22.0%	14.6%	41.7%	22.3%	15.3%
Expected Move	4.6%	4.2%	6.4%	6.4%	4.4%
HV 20d	16.5%	15.4%	18.4%	16.2%	15.5%
HV 60d	15.4%	14.7%	16.3%	16.1%	14.9%
IV Rank	8.2%	3.0%	22.1%	8.4%	3.4%
IV Percentile	29.9%	6.3%	79.0%	33.7%	10.7%
Term Structure	2.4%	-4.7%	7.7%	-0.2%	-3.6%
VWIV	16.1%	14.6%	17.6%	17.3%	14.6%
Skew 25d	0.9%	-4.0%	16.8%	16.8%	1.3%
Skew 10d	1.7%	-5.3%	25.1%	25.1%	1.8%
Call IV 25d	17.1%	13.7%	21.8%	21.8%	16.0%
Put IV 25d	18.0%	15.6%	38.6%	38.6%	17.3%
Bid-Ask Spread %	92.01	76.70	106.66	106.66	83.28
Gamma HHI	0.76	0.66	0.94	0.75	0.77
Net GEX	169.6K	105.4K	692.7K	142.4K	149.8K
Net DEX	-1.8M	-2.2M	-1.4M	-1.9M	-1.5M
Net VEX	-3.9K	-4.6K	-3.1K	-4.6K	-3.5K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.17	0.00	2.00	0.00	0.00
Total Volume	13.429	0	79	4	0
Total OI	1,217.81	1,159	1,274	1,222	1,220

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
2025-08-01	$45.25	$45.00	22.3%	6.4%	16.2%	8.4%	0.0%	16.8%	-0.2%	142.4K	-1.9M	-4.6K	0.00	106.66	4	0	760	462
2025-08-04	$45.89	$40.00	26.1%	4.9%	15.8%	11.1%	17.3%	0.1%	1.1%	140.6K	-2.2M	-4.4K	0.00	96.69	23	0	778	462
2025-08-05	$45.30	$40.00	30.9%	4.8%	16.5%	14.4%	16.6%	-3.3%	3.4%	149.9K	-1.9M	-4.4K	0.13	93.83	40	5	778	462
2025-08-06	$45.64	$40.00	34.3%	4.7%	16.2%	16.9%	0.0%	-1.4%	2.3%	138.1K	-2.1M	-4.3K	0.00	96.91	0	0	799	462
2025-08-07	$45.94	$40.00	34.2%	4.8%	16.2%	16.8%	16.9%	-0.4%	1.0%	136.4K	-2.2M	-4.4K	0.00	88.07	2	0	799	462
2025-08-08	$45.30	$40.00	37.9%	4.8%	17.1%	19.4%	0.0%	-2.4%	1.0%	138.2K	-2.0M	-4.6K	0.00	95.50	0	0	799	462
2025-08-11	$45.16	$40.00	41.7%	4.3%	17.1%	22.1%	17.6%	-3.2%	3.2%	153.8K	-1.9M	-4.3K	0.00	97.83	7	0	799	462
2025-08-12	$45.17	$40.00	31.6%	4.5%	16.7%	14.9%	15.5%	-3.2%	0.4%	230.9K	-1.9M	-4.0K	0.08	91.74	24	2	799	462
2025-08-13	$45.53	$40.00	14.9%	4.3%	16.8%	3.2%	0.0%	-3.0%	1.2%	170.7K	-2.1M	-4.0K	0.00	93.11	32	0	810	464
2025-08-14	$45.86	$40.00	16.0%	4.6%	16.9%	4.0%	16.0%	-2.7%	4.8%	151.1K	-2.2M	-3.9K	0.17	98.30	12	2	793	464
2025-08-15	$44.95	$40.00	15.7%	4.5%	18.4%	3.7%	16.2%	-4.0%	0.2%	692.7K	-1.8M	-4.0K	0.29	94.98	7	2	802	466
2025-08-18	$44.61	$40.00	16.0%	4.6%	18.1%	4.0%	15.6%	0.9%	0.9%	113.9K	-1.4M	-4.0K	2.00	83.67	1	2	697	462
2025-08-19	$45.05	$40.00	17.2%	4.9%	17.4%	4.8%	0.0%	4.4%	3.8%	105.4K	-1.7M	-3.8K	0.00	94.10	0	0	696	464
2025-08-20	$45.29	$40.00	15.6%	4.5%	16.1%	3.7%	15.6%	2.2%	-4.7%	123.1K	-1.7M	-3.8K	0.00	92.39	7	0	696	464
2025-08-21	$45.03	$40.00	16.1%	4.6%	16.3%	4.0%	0.0%	1.9%	6.2%	124.1K	-1.6M	-3.7K	0.00	102.74	0	0	701	464
2025-08-22	$45.55	$40.00	15.6%	4.5%	16.8%	3.6%	15.6%	2.8%	7.7%	127.3K	-1.8M	-3.5K	0.00	76.70	8	0	701	464
2025-08-25	$45.25	$40.00	16.0%	4.6%	15.8%	4.0%	16.0%	2.0%	7.7%	131.3K	-1.7M	-3.5K	0.00	86.85	19	0	704	464
2025-08-26	$45.25	$40.00	14.6%	4.2%	15.4%	3.0%	14.6%	2.0%	7.1%	142.1K	-1.7M	-3.3K	0.00	79.21	2	0	712	464
2025-08-27	$45.36	$40.00	14.9%	4.3%	15.4%	3.2%	0.0%	2.1%	3.6%	143.3K	-1.8M	-3.3K	0.00	82.87	79	0	712	464
2025-08-28	$44.69	$40.00	14.8%	4.3%	15.5%	3.1%	0.0%	5.7%	3.0%	156.9K	-1.5M	-3.1K	0.00	96.88	2	0	755	464
2025-08-29	$44.56	$40.00	15.3%	4.4%	15.5%	3.4%	0.0%	1.3%	-3.6%	149.8K	-1.5M	-3.5K	0.00	83.28	0	0	756	464