OGE Options History — February 2026

In February 2026, OGE traded between $43.16 and $49.06. ATM implied volatility averaged 23.3%, placing in the 21.2% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 8.4% (HV 20d: 14.9%). Max pain ranged from $35.00 to $45.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 0.82.

Notable Days

2026-02-18: Highest Volume — 178 contracts
2026-02-12: Largest IV spike — 48.9% change
2026-02-05: Highest IV Rank — 30.7%
2026-02-18: Largest Expected Move — 8.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$46.08	$43.16	$49.06	$43.16	$49.06
Max Pain	$43.42	$35.00	$45.00	$35.00	$45.00
ATM IV	23.3%	15.3%	29.0%	27.0%	22.7%
Expected Move	6.8%	4.4%	8.0%	7.7%	6.5%
HV 20d	14.9%	13.2%	16.7%	16.7%	13.2%
HV 60d	14.4%	13.6%	15.2%	13.9%	14.7%
IV Rank	21.2%	8.3%	30.7%	27.3%	20.2%
IV Percentile	55.6%	16.3%	75.8%	70.2%	53.6%
Term Structure	2.9%	-8.1%	14.5%	11.5%	3.1%
VWIV	19.5%	15.1%	26.2%	17.1%	18.1%
Skew 25d	19.6%	0.2%	95.1%	8.8%	95.1%
Skew 10d	22.9%	-7.5%	119.5%	9.1%	119.5%
Call IV 25d	17.8%	13.0%	24.3%	15.4%	20.3%
Put IV 25d	37.4%	17.7%	115.4%	24.1%	115.4%
Bid-Ask Spread %	117.23	110.04	125.21	125.21	110.50
Gamma HHI	0.50	0.36	0.73	0.36	0.73
Net GEX	45.1K	30.3K	62.9K	33.9K	59.8K
Net DEX	-915.3K	-1.2M	-522.4K	-636.9K	-1.2M
Net VEX	-2.8K	-3.4K	-2.2K	-2.9K	-3.2K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.82	0.00	4.93	0.00	0.23
Total Volume	25.263	0	178	1	16
Total OI	1,346.474	1,246	1,436	1,246	1,421

Daily Data (19 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
2026-02-02	$43.16	$35.00	27.0%	7.7%	16.7%	27.3%	0.0%	8.8%	11.5%	33.9K	-636.9K	-2.9K	0.00	125.21	1	0	1,079	167
2026-02-03	$43.27	$35.00	27.2%	7.8%	15.4%	27.8%	0.0%	32.6%	14.5%	30.6K	-522.4K	-2.5K	0.00	119.39	0	26	1,080	167
2026-02-04	$43.62	$35.00	27.2%	7.8%	15.0%	27.7%	0.0%	26.2%	8.8%	32.9K	-613.4K	-2.8K	0.25	121.47	4	1	1,080	193
2026-02-05	$43.87	$45.00	29.0%	7.5%	14.1%	30.7%	0.0%	0.2%	-2.2%	30.3K	-595.8K	-2.8K	1.60	121.76	5	8	1,084	194
2026-02-06	$44.01	$45.00	16.6%	7.4%	13.7%	10.4%	0.0%	1.5%	1.0%	30.7K	-598.3K	-2.8K	0.70	117.12	10	7	1,087	199
2026-02-09	$44.34	$45.00	20.9%	7.1%	13.8%	17.4%	0.0%	3.8%	-0.4%	31.5K	-596.4K	-2.5K	0.00	117.19	2	0	1,089	204
2026-02-10	$45.14	$45.00	17.1%	4.8%	14.5%	11.2%	0.0%	6.3%	4.5%	36.2K	-733.0K	-2.2K	0.18	114.49	17	3	1,090	204
2026-02-11	$45.23	$45.00	15.3%	4.4%	14.3%	8.3%	17.1%	4.5%	3.9%	40.0K	-787.3K	-2.5K	0.08	110.04	13	1	1,106	205
2026-02-12	$46.28	$45.00	22.8%	6.5%	15.6%	20.5%	17.8%	9.8%	0.6%	48.6K	-1.0M	-2.3K	0.02	117.22	52	1	1,112	206
2026-02-13	$46.95	$45.00	24.6%	7.0%	16.1%	23.4%	21.3%	10.6%	-4.3%	57.7K	-1.2M	-2.8K	0.50	111.50	8	4	1,160	207
2026-02-17	$46.93	$45.00	25.6%	7.3%	16.0%	25.0%	21.6%	6.5%	-6.3%	54.6K	-1.2M	-3.2K	3.33	115.87	9	30	1,160	205
2026-02-18	$46.57	$45.00	27.9%	8.0%	16.5%	28.9%	26.2%	14.7%	-8.1%	52.7K	-1.1M	-3.1K	4.93	121.87	30	148	1,161	220
2026-02-19	$46.60	$45.00	27.4%	7.8%	16.5%	28.0%	0.0%	4.0%	-0.8%	47.3K	-956.2K	-3.4K	0.00	121.90	0	3	1,165	268
2026-02-20	$47.23	$45.00	19.2%	5.5%	16.4%	14.5%	15.1%	7.7%	3.0%	46.6K	-1.0M	-3.2K	0.15	117.42	13	2	1,165	271
2026-02-23	$47.94	$45.00	23.1%	6.6%	14.3%	21.0%	19.1%	15.3%	9.6%	53.7K	-1.0M	-2.9K	0.06	116.56	31	2	1,128	266
2026-02-24	$48.39	$45.00	23.5%	6.7%	14.0%	21.6%	19.4%	13.9%	3.8%	52.0K	-1.1M	-2.7K	1.00	112.21	12	12	1,128	268
2026-02-25	$48.44	$45.00	22.3%	6.4%	13.7%	19.7%	18.1%	90.8%	5.2%	54.7K	-1.1M	-2.7K	0.13	116.64	8	1	1,144	279
2026-02-26	$48.47	$45.00	22.5%	6.4%	13.2%	20.0%	0.0%	20.4%	7.8%	62.9K	-1.1M	-3.1K	0.00	118.97	0	0	1,141	280
2026-02-27	$49.06	$45.00	22.7%	6.5%	13.2%	20.2%	0.0%	95.1%	3.1%	59.8K	-1.2M	-3.2K	0.23	110.50	13	3	1,141	280