OPEN Options History — January 2022

In January 2022, OPEN traded between $8.60 and $15.16. ATM implied volatility averaged 88.2%, placing in the 67.2% IV rank vs the trailing year. The 30-day expected move averaged 25.1%. IV traded above realized volatility by 14.5% (HV 20d: 73.7%). Max pain ranged from $15.00 to $18.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.54.

Notable Days

2022-01-03: Highest Volume — 57,126 contracts
2022-01-21: Largest IV spike — 15.9% change
2022-01-26: Highest IV Rank — 88.3%
2022-01-24: Largest Expected Move — 36.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$10.94	$8.60	$15.16	$15.16	$9.88
Max Pain	$16.25	$15.00	$18.00	$16.00	$15.00
ATM IV	88.2%	68.9%	114.5%	68.9%	103.2%
Expected Move	25.1%	19.1%	36.0%	19.1%	26.7%
HV 20d	73.7%	55.2%	91.0%	55.2%	91.0%
HV 60d	83.8%	79.0%	86.8%	79.2%	86.8%
IV Rank	67.2%	51.8%	88.3%	51.8%	79.2%
IV Percentile	73.7%	36.5%	97.2%	36.5%	94.0%
Term Structure	-3.3%	-47.9%	17.6%	-0.1%	-3.9%
VWIV	88.1%	67.6%	113.1%	67.6%	94.7%
Skew 25d	10.0%	-2.1%	63.5%	2.0%	6.1%
Skew 10d	19.9%	-11.0%	137.7%	6.1%	20.8%
Call IV 25d	85.9%	68.6%	109.3%	69.4%	102.3%
Put IV 25d	96.0%	71.4%	159.1%	71.4%	108.4%
Bid-Ask Spread %	26.54	6.77	50.33	10.18	17.02
Gamma HHI	0.08	0.06	0.11	0.11	0.07
Net GEX	534.4K	54.4K	2.7M	2.7M	592.9K
Net DEX	62.8M	-39.1M	93.9M	-39.1M	42.2M
Net VEX	-1.5M	-2.2M	-1.1M	-2.2M	-1.4M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.14	0.94	0.34	0.36
Total Volume	34,307.1	17,945	57,126	57,126	24,117
Total OI	676,488.25	585,444	735,521	636,553	632,976

Daily Data (20 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
2022-01-03	$15.16	$16.00	68.9%	19.1%	55.2%	51.8%	67.6%	2.0%	-0.1%	2.7M	-39.1M	-2.2M	0.34	10.18	42,630	14,496	409,082	227,471
2022-01-04	$14.15	$16.00	70.5%	19.8%	55.6%	53.0%	69.2%	5.4%	-0.4%	2.0M	9.6M	-2.0M	0.80	7.59	15,244	12,184	433,103	232,053
2022-01-05	$12.58	$16.00	75.2%	21.4%	68.0%	56.8%	77.0%	3.5%	0.0%	410.1K	59.2M	-1.7M	0.77	27.67	19,437	14,890	436,745	234,318
2022-01-06	$11.86	$18.00	76.1%	22.7%	69.1%	57.5%	79.8%	3.5%	0.2%	127.0K	79.4M	-1.6M	0.63	22.08	27,884	17,494	443,891	236,982
2022-01-07	$11.36	$18.00	76.4%	24.0%	69.7%	57.7%	81.8%	2.1%	-1.2%	54.4K	88.0M	-1.6M	0.61	21.35	28,088	17,096	455,232	241,728
2022-01-10	$11.24	$18.00	81.7%	24.1%	69.7%	62.0%	83.5%	4.0%	3.1%	219.6K	84.1M	-1.5M	0.34	50.13	31,056	10,542	459,782	240,673
2022-01-11	$11.86	$16.00	77.4%	22.2%	73.7%	58.5%	77.7%	-2.1%	-2.6%	543.3K	63.3M	-1.6M	0.44	42.09	22,403	9,831	475,863	241,250
2022-01-12	$12.76	$16.00	75.7%	22.1%	77.8%	57.2%	77.5%	12.1%	3.4%	1.4M	22.5M	-1.8M	0.50	50.33	26,494	13,343	479,086	242,229
2022-01-13	$12.15	$16.00	78.2%	22.7%	79.4%	59.2%	80.2%	0.9%	2.7%	531.7K	56.2M	-1.7M	0.74	10.17	16,626	12,327	475,345	244,635
2022-01-14	$11.56	$16.00	78.4%	23.2%	79.5%	59.4%	81.6%	9.2%	3.0%	237.9K	76.0M	-1.6M	0.69	43.68	29,377	20,366	476,617	246,075
2022-01-18	$10.67	$16.00	84.6%	24.2%	78.4%	64.3%	85.9%	4.7%	2.4%	251.2K	81.2M	-1.5M	0.33	8.32	21,265	7,045	473,305	242,282
2022-01-19	$10.06	$16.00	86.5%	24.8%	80.0%	65.8%	87.2%	2.7%	0.4%	141.8K	92.6M	-1.3M	0.48	35.22	19,229	9,313	484,797	242,068
2022-01-20	$9.82	$16.00	85.9%	24.3%	76.4%	65.3%	88.4%	3.4%	0.6%	128.7K	90.8M	-1.3M	0.41	9.23	12,693	5,252	490,817	242,497
2022-01-21	$9.49	$16.00	99.5%	27.7%	75.9%	76.2%	99.4%	7.0%	17.6%	235.4K	93.9M	-1.2M	0.87	6.77	22,346	19,368	492,942	242,579
2022-01-24	$9.26	$16.00	111.5%	36.0%	75.2%	85.9%	112.6%	28.5%	-47.9%	228.0K	67.3M	-1.3M	0.57	42.56	18,481	10,570	360,594	224,850
2022-01-25	$9.07	$16.00	110.6%	30.9%	75.1%	85.2%	113.1%	20.2%	7.4%	207.5K	70.9M	-1.2M	0.63	13.36	12,928	8,083	368,081	227,926
2022-01-26	$8.63	$16.00	114.5%	29.6%	75.2%	88.3%	103.8%	63.5%	-16.3%	128.6K	77.3M	-1.1M	0.14	37.45	42,739	5,970	370,976	230,164
2022-01-27	$8.60	$16.00	98.9%	29.0%	75.6%	75.8%	103.8%	11.5%	-7.4%	233.1K	74.1M	-1.1M	0.27	34.38	17,043	4,652	400,158	230,640
2022-01-28	$8.70	$16.00	110.9%	28.0%	72.9%	85.4%	97.5%	12.5%	-27.8%	363.7K	66.2M	-1.2M	0.94	41.13	11,962	11,278	408,750	231,203
2022-01-31	$9.88	$15.00	103.2%	26.7%	91.0%	79.2%	94.7%	6.1%	-3.9%	592.9K	42.2M	-1.4M	0.36	17.02	17,685	6,432	402,663	230,313