OPEN Options History — November 2021

In November 2021, OPEN traded between $15.86 and $24.56. ATM implied volatility averaged 86.4%, placing in the 65.8% IV rank vs the trailing year. The 30-day expected move averaged 25.1%. IV traded below realized volatility by 8.7% (HV 20d: 95.2%). Max pain ranged from $20.00 to $22.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 4 of 21 days. Put/call ratio averaged 1.12.

Notable Days

  • 2021-11-11: Highest Volume — 289,926 contracts
  • 2021-11-11: Largest IV drop — 29.9% change
  • 2021-11-08: Highest IV Rank — 92.9%
  • 2021-11-03: Largest Expected Move — 35.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$20.35$15.86$24.56$24.56$15.86
Max Pain$21.21$20.00$22.00$20.00$20.50
ATM IV86.4%68.7%120.3%77.4%74.7%
Expected Move25.1%19.9%35.8%25.7%23.5%
HV 20d95.2%37.8%115.0%37.8%112.5%
HV 60d74.2%66.8%80.1%70.3%78.4%
IV Rank65.8%51.5%92.9%58.6%56.4%
IV Percentile71.8%47.2%98.8%70.2%58.3%
Term Structure-3.4%-8.7%2.8%-4.0%2.8%
VWIV89.8%71.7%128.9%90.4%84.1%
Skew 25d-2.8%-8.6%2.2%-0.1%1.1%
Skew 10d-5.6%-21.5%2.4%-4.7%-5.3%
Call IV 25d90.3%72.6%125.9%77.7%77.1%
Put IV 25d87.5%69.7%117.9%77.6%78.2%
Bid-Ask Spread %18.7812.8935.3118.1221.34
Gamma HHI0.100.070.210.120.07
Net GEX3.9M-1.5M13.9M6.0M-402.7K
Net DEX-228.0M-505.7M37.9M-431.9M23.8M
Net VEX-2.3M-2.7M-1.8M-2.3M-2.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.175.690.440.51
Total Volume91,726.47617,275289,92629,99630,096
Total OI681,884.19514,911854,873514,911655,698

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2021-11-01$24.56$20.0077.4%25.7%37.8%58.6%90.4%-0.1%-4.0%6.0M-431.9M-2.3M0.4418.1220,8149,182364,972149,939
2021-11-02$21.46$20.0088.7%30.0%64.6%67.6%106.6%-2.9%-8.7%4.0M-260.0M-2.2M0.4419.9980,19435,677373,585152,883
2021-11-03$21.00$21.00100.2%35.8%65.0%76.8%128.9%-7.3%-7.3%4.2M-268.4M-2.3M0.8724.4767,22058,792417,073169,484
2021-11-04$23.98$20.00114.2%29.6%79.3%88.0%104.3%-4.6%-6.5%5.7M-477.5M-2.7M0.2014.64150,02929,734439,794209,120
2021-11-05$22.40$21.00110.8%28.6%80.9%85.3%101.9%-8.6%-7.4%5.5M-370.8M-2.6M0.6618.7742,35127,959477,156221,283
2021-11-08$21.99$21.00120.3%31.2%81.0%92.9%112.7%-7.2%-8.5%4.3M-350.4M-2.5M0.1719.9967,97211,394461,052225,825
2021-11-09$21.00$21.00115.5%30.8%79.8%89.1%109.7%-6.1%-5.8%4.3M-292.8M-2.5M0.3320.3080,09226,769495,791231,499
2021-11-10$19.11$21.00119.8%31.8%85.5%92.5%113.7%-8.5%-8.6%3.2M-185.9M-2.3M0.5318.90116,17261,247532,386247,610
2021-11-11$22.50$21.0084.0%23.8%105.4%63.8%85.3%-3.5%-1.3%11.9M-416.8M-2.5M0.2719.95228,85661,070566,376259,854
2021-11-12$23.16$22.0074.4%21.5%105.9%56.1%76.5%-3.5%1.4%13.9M-505.7M-2.5M0.3614.0161,64822,193591,086263,787
2021-11-15$22.67$22.0071.3%20.4%105.6%53.7%71.7%-3.4%-0.8%7.5M-369.0M-2.4M0.3815.4438,12514,550468,002230,644
2021-11-16$21.59$22.0072.8%20.9%106.8%54.9%74.2%-3.0%-1.2%5.4M-283.2M-2.3M0.2625.3081,50520,792470,280236,138
2021-11-17$20.90$22.0069.4%19.9%107.2%52.2%72.3%-1.4%0.2%4.4M-236.8M-2.4M0.3615.2038,71013,901501,040242,358
2021-11-18$20.60$22.0069.2%19.9%107.1%51.9%71.8%-3.6%-0.7%3.4M-208.8M-2.5M0.9113.2413,75112,449511,209247,576
2021-11-19$19.77$22.0068.7%19.9%107.7%51.5%71.8%-1.5%-2.4%2.9M-111.2M-2.4M2.2212.8916,91237,537510,555250,505
2021-11-22$18.58$22.0071.7%21.1%108.4%54.0%79.4%-0.0%0.5%-1.4M-86.5M-2.2M1.5512.9047,82973,941403,640220,058
2021-11-23$16.59$22.0078.7%23.5%114.1%59.6%82.4%1.4%-1.8%-989.8K37.9M-1.9M4.2614.9617,28573,568403,793239,770
2021-11-24$17.04$21.0075.0%21.9%115.0%56.6%79.0%0.2%-3.0%-1.5M13.3M-2.0M2.2422.138,58119,194410,337245,787
2021-11-26$16.41$21.0082.4%24.5%114.7%62.5%87.3%2.2%-7.2%84.3K18.8M-1.9M0.9735.318,7918,484413,434231,068
2021-11-29$16.15$21.0076.1%22.9%114.7%57.5%81.1%0.6%-0.1%20.2K-26.4M-1.8M5.6916.4213,59477,296387,330189,791
2021-11-30$15.86$20.5074.7%23.5%112.5%56.4%84.1%1.1%2.8%-402.7K23.8M-2.4M0.5121.3419,95410,142394,255261,443