OGE Options History — April 2026

In April 2026, OGE traded between $46.45 and $49.88. ATM implied volatility averaged 52.7%, placing in the 21.4% IV rank vs the trailing year. The 30-day expected move averaged 10.8%. IV traded above realized volatility by 36.3% (HV 20d: 16.3%). Max pain ranged from $45.00 to $45.00. Net GEX was positive for 14 of 14 trading days. Term structure was in contango for 10 of 14 days. Put/call ratio averaged 0.14.

Notable Days

2026-04-09: Highest Volume — 308 contracts
2026-04-21: Largest IV spike — 1666.9% change
2026-04-21: Highest IV Rank — 100.0%
2026-04-21: Largest Expected Move — 81.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$48.55	$46.45	$49.88	$48.38	$46.45
Max Pain	$45.00	$45.00	$45.00	$45.00	$45.00
ATM IV	52.7%	4.1%	282.7%	66.4%	282.7%
Expected Move	10.8%	1.2%	81.0%	19.0%	81.0%
HV 20d	16.3%	15.2%	17.5%	16.3%	16.5%
HV 60d	15.5%	14.9%	16.3%	15.4%	16.3%
IV Rank	21.4%	0.0%	100.0%	29.1%	100.0%
IV Percentile	37.4%	0.0%	100.0%	97.6%	100.0%
Term Structure	-12.3%	-260.9%	14.4%	-2.4%	-260.9%
VWIV	22.3%	16.2%	55.0%	21.8%	55.0%
Skew 25d	13.1%	-0.4%	87.7%	87.7%	19.1%
Skew 10d	18.8%	-2.8%	128.0%	128.0%	14.3%
Call IV 25d	20.2%	15.4%	36.5%	36.5%	15.4%
Put IV 25d	33.3%	18.2%	124.2%	124.2%	34.5%
Bid-Ask Spread %	40.03	31.25	54.40	49.66	44.90
Gamma HHI	0.63	0.48	0.85	0.57	0.48
Net GEX	119.6K	49.4K	191.3K	49.4K	82.3K
Net DEX	-1.4M	-1.9M	-747.2K	-747.2K	-1.0M
Net VEX	-5.3K	-6.7K	-3.7K	-3.7K	-5.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.14	0.00	0.71	0.08	0.71
Total Volume	69.786	0	308	68	24
Total OI	1,695.429	1,431	1,857	1,431	1,787

Daily Data (14 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
2026-04-01	$48.38	$45.00	66.4%	19.0%	16.3%	29.1%	21.8%	87.7%	-2.4%	49.4K	-747.2K	-3.7K	0.08	49.66	63	5	1,108	323
2026-04-02	$48.64	$45.00	4.1%	1.2%	15.8%	0.0%	19.4%	7.3%	-0.2%	70.8K	-853.4K	-4.2K	0.00	48.72	102	0	1,169	321
2026-04-06	$48.52	$45.00	6.0%	1.7%	15.8%	1.0%	0.0%	5.6%	11.1%	70.9K	-917.7K	-4.4K	0.00	32.32	3	0	1,187	321
2026-04-07	$49.11	$45.00	64.3%	18.4%	16.2%	30.3%	20.2%	6.2%	12.2%	97.6K	-1.3M	-4.3K	0.07	31.25	152	10	1,189	271
2026-04-08	$49.32	$45.00	9.0%	2.6%	15.9%	2.5%	0.0%	3.5%	4.2%	151.3K	-1.6M	-5.0K	0.00	40.62	1	0	1,334	281
2026-04-09	$49.88	$45.00	11.5%	3.3%	15.4%	3.7%	20.1%	5.1%	8.0%	150.4K	-1.9M	-5.1K	0.03	31.39	298	10	1,334	281
2026-04-10	$49.42	$45.00	10.1%	2.9%	15.2%	3.0%	19.7%	11.2%	10.4%	191.3K	-1.9M	-6.7K	0.00	32.37	12	0	1,575	281
2026-04-13	$48.41	$45.00	140.3%	5.6%	17.0%	68.5%	19.4%	9.2%	0.3%	128.7K	-1.5M	-6.0K	0.00	34.41	71	0	1,576	281
2026-04-14	$48.94	$45.00	8.0%	2.3%	17.3%	2.0%	16.2%	-0.4%	12.7%	171.3K	-1.7M	-6.5K	0.00	36.27	14	0	1,569	281
2026-04-15	$48.58	$45.00	6.9%	2.0%	17.5%	1.4%	0.0%	10.4%	14.1%	154.1K	-1.6M	-6.6K	0.00	36.22	0	0	1,563	281
2026-04-16	$48.64	$45.00	106.9%	5.0%	17.0%	51.7%	17.3%	0.6%	-0.3%	152.5K	-1.6M	-5.8K	0.54	33.75	72	39	1,563	271
2026-04-17	$48.05	$45.00	5.1%	1.5%	17.3%	0.5%	17.5%	6.9%	14.4%	103.7K	-1.4M	-5.6K	0.01	54.40	89	1	1,539	269
2026-04-20	$47.34	$45.00	16.0%	4.6%	15.4%	6.0%	19.2%	11.3%	4.4%	99.8K	-1.1M	-4.9K	0.38	54.16	8	3	1,513	268
2026-04-21	$46.45	$45.00	282.7%	81.0%	16.5%	100.0%	55.0%	19.1%	-260.9%	82.3K	-1.0M	-5.0K	0.71	44.90	14	10	1,521	266