OGE Options History — October 2025

In October 2025, OGE traded between $44.28 and $47.16. ATM implied volatility averaged 31.0%, placing in the 13.4% IV rank vs the trailing year. The 30-day expected move averaged 7.6%. IV traded above realized volatility by 16.4% (HV 20d: 14.6%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 4 of 23 days. Put/call ratio averaged 0.12.

Notable Days

  • 2025-10-16: Highest Volume — 1,440 contracts
  • 2025-10-24: Largest IV spike — 63.8% change
  • 2025-10-13: Highest IV Rank — 32.8%
  • 2025-10-30: Largest Expected Move — 11.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.94$44.28$47.16$45.81$44.42
Max Pain$45.43$45.00$50.00$45.00$45.00
ATM IV31.0%19.0%58.2%29.8%23.8%
Expected Move7.6%4.5%11.2%8.5%6.8%
HV 20d14.6%12.7%17.7%14.2%16.1%
HV 60d14.9%14.1%15.3%14.8%15.2%
IV Rank13.4%4.8%32.8%12.5%8.3%
IV Percentile65.5%28.2%93.3%67.5%49.6%
Term Structure-7.4%-28.2%3.1%0.2%-12.8%
VWIV40.5%14.6%187.0%187.0%27.7%
Skew 25d14.5%1.5%50.8%19.2%3.6%
Skew 10d21.9%8.0%79.3%31.3%12.9%
Call IV 25d18.5%12.8%31.9%31.9%20.3%
Put IV 25d33.0%20.1%81.8%51.1%23.9%
Bid-Ask Spread %115.9297.84121.5897.84110.30
Gamma HHI0.440.380.480.450.45
Net GEX64.7K46.3K96.5K48.6K80.5K
Net DEX-907.5K-1.2M-612.6K-686.4K-784.5K
Net VEX-3.8K-5.2K-3.1K-3.1K-4.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.120.001.640.000.00
Total Volume81.82601,440154
Total OI1,030.9576161,5656191,565

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2025-10-01$45.81$45.0029.8%8.5%14.2%12.5%0.0%19.2%0.2%48.6K-686.4K-3.1K0.0097.84150395224
2025-10-02$45.30$45.0032.8%9.4%14.8%14.7%0.0%50.8%-3.7%46.3K-612.6K-3.1K0.00121.15100392224
2025-10-03$46.08$45.0034.9%10.0%15.8%16.2%187.0%30.6%-5.7%49.7K-736.2K-3.2K0.00117.02350397224
2025-10-06$46.09$45.0034.0%9.5%14.1%15.5%16.3%20.3%-15.0%52.7K-774.4K-3.2K0.50116.4721406224
2025-10-07$45.89$45.0035.6%5.9%14.0%16.7%0.0%8.6%-10.1%52.5K-802.9K-3.3K0.17116.5561408225
2025-10-08$45.71$45.0033.0%4.5%14.2%14.8%0.0%5.0%0.6%51.6K-732.4K-3.2K0.00119.0530408225
2025-10-09$45.44$45.0038.2%8.0%14.4%18.5%0.0%14.0%-10.0%50.2K-739.9K-3.3K0.00118.56320408225
2025-10-10$45.86$45.0039.1%7.3%14.3%19.1%20.2%17.0%-4.5%55.2K-815.9K-3.3K0.00113.7720417225
2025-10-13$45.95$50.0058.2%6.9%14.1%32.8%0.0%15.4%-0.6%52.7K-794.0K-3.3K0.00111.3380416225
2025-10-14$46.40$50.0030.9%6.6%12.7%13.3%23.6%10.4%-6.0%56.5K-897.9K-3.2K0.00113.24500420225
2025-10-15$47.16$45.0026.3%7.5%13.2%10.0%18.0%12.1%-2.3%61.5K-1.1M-3.5K0.00116.13190454225
2025-10-16$46.47$45.0030.7%8.8%14.4%13.1%0.0%16.4%-11.5%59.8K-1.0M-3.9K0.00120.421,4400473225
2025-10-17$46.51$45.0027.0%7.7%14.4%10.5%0.0%16.8%-4.6%67.1K-1.0M-4.6K0.00118.921101,147225
2025-10-20$46.77$45.0023.6%6.8%14.4%8.1%0.0%6.2%-7.6%70.3K-1.1M-5.2K0.00121.58701,148224
2025-10-21$46.66$45.0024.8%7.1%14.3%9.0%0.0%14.0%-2.0%72.0K-1.1M-4.4K0.00109.98101,150224
2025-10-22$46.61$45.0023.3%6.7%14.1%7.9%16.5%14.7%3.1%68.9K-1.0M-4.3K0.00121.456001,150224
2025-10-23$46.26$45.0019.0%5.4%14.5%4.8%0.0%8.2%-1.9%86.5K-1.2M-4.3K0.00111.441001,210224
2025-10-24$46.40$45.0031.1%8.9%13.9%13.4%0.0%17.9%-11.9%81.0K-1.2M-4.5K0.00120.73001,210224
2025-10-27$46.42$45.0019.2%5.5%13.8%5.0%0.0%7.6%0.8%83.8K-1.2M-3.7K0.00117.6710001,210224
2025-10-28$45.56$45.0022.7%6.5%15.1%7.4%14.6%1.5%-12.5%96.5K-1.1M-4.4K1.64117.7211181,310224
2025-10-29$44.28$45.0035.4%10.2%17.7%16.5%27.7%16.8%-25.1%70.4K-759.8K-4.2K0.00118.250351,318247
2025-10-30$44.50$45.0039.1%11.2%17.5%19.2%0.0%6.2%-28.2%72.8K-801.4K-3.7K0.00116.69011,318246
2025-10-31$44.42$45.0023.8%6.8%16.1%8.3%0.0%3.6%-12.8%80.5K-784.5K-4.2K0.00110.30401,318247