OGE Options History — March 2026

In March 2026, OGE traded between $46.13 and $49.38. ATM implied volatility averaged 69.1%, placing in the 42.2% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 53.9% (HV 20d: 15.2%). Max pain ranged from $45.00 to $55.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.18.

Notable Days

  • 2026-03-02: Highest Volume — 114 contracts
  • 2026-03-23: Largest IV spike — 1958.3% change
  • 2026-03-23: Highest IV Rank — 100.0%
  • 2026-03-27: Largest Expected Move — 58.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.87$46.13$49.38$49.38$47.95
Max Pain$47.73$45.00$55.00$45.00$45.00
ATM IV69.1%5.0%310.8%25.5%70.1%
Expected Move13.7%2.1%58.2%7.3%20.1%
HV 20d15.2%12.8%16.8%13.1%15.9%
HV 60d15.1%14.3%15.9%14.6%15.8%
IV Rank42.2%0.0%100.0%24.9%31.0%
IV Percentile68.1%0.0%100.0%66.7%98.4%
Term Structure-3.2%-17.6%12.1%5.0%-17.6%
VWIV21.1%18.0%25.1%22.3%25.1%
Skew 25d17.7%-0.3%98.3%98.3%12.5%
Skew 10d33.3%-7.4%133.0%133.0%17.8%
Call IV 25d24.0%17.8%33.0%22.0%26.3%
Put IV 25d41.7%23.7%120.4%120.4%38.8%
Bid-Ask Spread %77.5745.60125.78111.6845.60
Gamma HHI0.550.440.700.630.48
Net GEX54.7K31.8K83.9K67.8K42.4K
Net DEX-963.1K-1.3M-553.0K-1.3M-689.1K
Net VEX-3.8K-4.3K-3.1K-4.0K-3.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.001.250.071.25
Total Volume22.864011411427
Total OI1,455.51,2791,5551,4371,418

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2026-03-02$49.38$45.0025.5%7.3%13.1%24.9%22.3%98.3%5.0%67.8K-1.3M-4.0K0.07111.6810771,154283
2026-03-03$48.99$45.0027.4%7.9%12.8%28.1%23.7%74.0%-0.3%57.7K-1.2M-3.7K0.02110.924811,169290
2026-03-04$48.94$45.0023.9%6.9%13.0%22.4%20.6%4.1%12.1%67.1K-1.2M-3.5K0.50118.12841,177291
2026-03-05$48.30$55.0030.3%7.2%14.6%32.7%0.0%-0.3%-10.5%60.6K-1.1M-3.7K0.03125.783311,199289
2026-03-06$48.35$55.0032.1%7.7%14.7%35.7%0.0%1.7%-9.4%56.0K-1.2M-4.1K0.00122.84021,205290
2026-03-09$48.10$55.0035.1%8.9%15.1%40.6%0.0%8.4%-13.5%52.0K-1.0M-4.0K0.00124.74201,205290
2026-03-10$47.73$55.0036.9%8.2%15.7%43.6%0.0%3.9%-8.4%51.9K-1.0M-3.9K0.00124.68001,203290
2026-03-11$47.16$55.0034.1%9.8%15.7%39.0%0.0%4.4%-11.6%50.1K-894.9K-3.9K0.09124.081111,203290
2026-03-12$47.88$55.0023.9%2.1%16.3%22.3%20.6%6.6%-1.0%58.8K-1.0M-3.8K0.0254.726111,203291
2026-03-13$48.17$45.0023.5%23.7%14.6%21.6%18.3%8.3%-7.4%75.4K-1.2M-4.2K0.3355.54311,260292
2026-03-16$48.44$45.006.0%5.1%13.9%0.0%18.0%14.4%1.9%83.9K-1.2M-3.8K0.0046.583301,261293
2026-03-17$48.26$45.005.2%5.0%14.0%0.0%0.0%14.6%7.5%76.0K-1.2M-3.8K0.0050.55401,262293
2026-03-18$47.72$45.005.0%5.6%14.4%0.0%0.0%13.1%0.9%68.2K-1.0M-3.7K0.0058.24001,262293
2026-03-19$47.34$45.0016.0%10.1%14.7%9.4%0.0%14.3%-9.8%59.5K-953.2K-3.6K0.0056.64401,262293
2026-03-20$46.13$45.0015.1%10.1%16.7%7.9%0.0%33.1%-2.6%31.8K-824.9K-3.3K0.0059.60601,262277
2026-03-23$46.66$45.00310.8%6.4%16.3%100.0%23.5%11.5%-0.1%34.0K-553.0K-3.1K0.0054.132901,056223
2026-03-24$47.16$45.00200.1%6.1%16.5%100.0%19.6%5.5%5.1%38.4K-636.4K-3.5K0.2051.42511,089223
2026-03-25$47.45$45.00136.2%9.6%16.7%100.0%18.6%15.7%-16.9%42.6K-678.8K-3.5K0.0053.91201,094224
2026-03-26$47.69$45.00114.5%32.8%16.8%100.0%22.0%13.9%4.6%42.4K-726.9K-3.7K0.8053.46541,094224
2026-03-27$47.55$45.00203.0%58.2%16.1%100.0%0.0%14.7%1.8%43.1K-713.2K-3.8K0.0056.650901,099228
2026-03-30$47.86$45.00145.1%41.6%16.1%70.0%0.0%15.5%-0.8%43.0K-687.0K-4.3K0.0046.58201,099318
2026-03-31$47.95$45.0070.1%20.1%15.9%31.0%25.1%12.5%-17.6%42.4K-689.1K-3.8K1.2545.6012151,100318