OPEN Options History — March 2021

In March 2021, OPEN traded between $20.16 and $28.73. ATM implied volatility averaged 99.0%, placing in the 75.8% IV rank vs the trailing year. The 30-day expected move averaged 28.0%. IV traded below realized volatility by 455.0% (HV 20d: 554.0%). Max pain ranged from $22.00 to $28.00. Net GEX was positive for 15 of 19 trading days. Term structure was in contango for 18 of 19 days. Put/call ratio averaged 1.00.

Notable Days

  • 2021-03-05: Highest Volume — 138,460 contracts
  • 2021-03-09: Largest IV drop — 10.2% change
  • 2021-03-05: Highest IV Rank — 100.0%
  • 2021-03-05: Largest Expected Move — 33.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.27$20.16$28.73$22.04$21.14
Max Pain$24.47$22.00$28.00$28.00$25.00
ATM IV99.0%84.4%129.1%129.1%95.9%
Expected Move28.0%24.2%33.7%33.7%27.5%
HV 20d554.0%546.2%556.6%546.9%555.3%
HV 60d331.2%328.7%332.5%328.7%332.5%
IV Rank75.8%64.2%100.0%100.0%73.4%
IV Percentile97.3%95.2%100.0%100.0%96.0%
Term Structure5.6%-1.9%10.2%1.1%3.2%
VWIV99.5%85.2%119.7%119.7%96.4%
Skew 25d0.7%-4.6%5.3%-3.3%0.7%
Skew 10d-1.1%-11.8%8.8%-11.4%-0.3%
Call IV 25d99.6%85.5%122.5%122.5%96.2%
Put IV 25d100.2%87.0%119.2%119.2%96.9%
Bid-Ask Spread %22.1110.6037.0111.6210.60
Gamma HHI0.080.050.120.080.08
Net GEX843.1K-431.4K2.8M833.3K-216.7K
Net DEX-58.8M-209.4M41.5M-4.6M23.8M
Net VEX-1.1M-1.3M-893.2K-1.0M-942.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.284.260.570.55
Total Volume37,554.10511,395138,460138,46014,206
Total OI329,598250,886397,156323,264306,380

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-03-05$22.04$28.00129.1%33.7%546.9%100.0%119.7%-3.3%1.1%833.3K-4.6M-1.0M0.5711.6288,02350,437206,071117,193
2021-03-08$20.16$22.00124.2%33.0%546.2%96.1%119.2%-4.6%2.1%467.3K22.5M-967.4K0.2833.7031,3848,729215,941134,761
2021-03-09$21.73$23.00111.6%31.6%548.3%86.0%111.6%-2.0%-1.9%820.6K-4.0M-1.0M0.3427.9123,9008,037219,671135,156
2021-03-10$23.80$23.00102.5%29.4%551.1%78.7%103.6%0.3%5.1%1.4M-49.2M-1.1M0.6332.5723,27514,619225,052136,545
2021-03-11$26.54$23.00100.1%28.7%554.4%76.7%101.6%-0.5%4.1%2.2M-143.1M-1.2M0.6525.4328,57518,603226,753140,197
2021-03-12$27.08$24.0098.5%28.2%554.7%75.5%99.8%1.4%6.4%2.0M-153.3M-1.3M0.3937.0120,3437,883227,652147,028
2021-03-15$28.73$24.0097.7%28.0%556.1%74.8%98.5%-0.7%5.4%2.8M-209.4M-1.3M0.5428.2734,04018,517230,144147,786
2021-03-16$27.30$24.0094.4%27.1%555.6%72.2%94.8%1.2%7.5%960.0K-128.9M-1.2M0.5426.7040,49621,850224,432152,835
2021-03-17$27.95$24.0094.8%27.2%556.1%72.5%95.4%0.3%10.2%1.5M-161.1M-1.2M0.8423.1815,23012,743228,587150,221
2021-03-18$26.24$25.0096.7%27.7%555.6%74.0%98.1%1.0%6.6%534.0K-87.7M-1.1M4.2618.306,81328,998230,771153,157
2021-03-19$27.53$25.0092.0%26.4%556.6%70.3%92.8%-0.0%8.0%1.1M-125.7M-1.2M0.7013.5112,2528,598231,896165,260
2021-03-22$27.35$25.0086.3%24.8%556.5%65.7%87.7%2.7%8.4%1.1M-110.1M-1.1M0.4815.537,6843,711143,264107,622
2021-03-23$25.13$25.0084.4%24.2%556.0%64.2%85.2%1.5%6.7%775.7K-61.2M-1.1M0.6019.3012,3097,442146,060108,443
2021-03-24$22.56$25.0089.7%25.7%555.5%68.4%91.0%5.3%6.4%249.7K-5.2M-956.9K0.8213.1414,32911,684148,842112,871
2021-03-25$23.03$25.0094.5%27.1%555.9%72.2%98.5%4.3%6.3%349.1K-12.9M-996.5K3.5017.2410,40736,400151,653116,815
2021-03-26$21.81$25.0093.6%26.8%555.3%71.5%95.6%4.9%7.9%-134.3K15.7M-964.3K1.1219.019,94411,180153,609130,716
2021-03-29$20.46$25.0097.2%27.9%554.6%74.4%100.5%-0.6%9.1%-393.7K36.4M-905.6K0.7733.789,1087,057156,672135,831
2021-03-30$20.48$25.0097.1%27.8%554.6%74.3%100.9%0.4%4.6%-431.4K41.5M-893.2K1.4913.3413,95320,769159,392137,083
2021-03-31$21.14$25.0095.9%27.5%555.3%73.4%96.4%0.7%3.2%-216.7K23.8M-942.6K0.5510.609,1765,030165,023141,357