OPEN Options History — February 2022

In February 2022, OPEN traded between $8.36 and $11.20. ATM implied volatility averaged 111.8%, placing in the 84.9% IV rank vs the trailing year. The 30-day expected move averaged 31.9%. IV traded above realized volatility by 18.8% (HV 20d: 93.0%). Max pain ranged from $10.00 to $15.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 2 of 19 days. Put/call ratio averaged 0.38.

Notable Days

  • 2022-02-24: Highest Volume — 164,788 contracts
  • 2022-02-25: Largest IV drop — 24.2% change
  • 2022-02-23: Highest IV Rank — 100.0%
  • 2022-02-24: Largest Expected Move — 43.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$10.08$8.36$11.20$10.69$8.40
Max Pain$10.53$10.00$15.00$15.00$10.00
ATM IV111.8%100.2%140.2%101.7%100.2%
Expected Move31.9%25.3%43.1%25.3%30.5%
HV 20d93.0%81.1%141.9%95.5%141.9%
HV 60d80.6%74.0%98.8%83.6%97.9%
IV Rank84.9%70.6%100.0%78.0%70.6%
IV Percentile94.4%85.7%100.0%92.9%85.7%
Term Structure-3.9%-11.7%8.4%-2.2%1.5%
VWIV113.8%89.5%155.5%89.5%108.5%
Skew 25d5.4%0.1%13.1%8.3%2.2%
Skew 10d9.2%0.0%22.4%20.9%11.6%
Call IV 25d113.6%99.6%148.5%99.6%107.8%
Put IV 25d119.0%107.9%153.4%107.9%110.0%
Bid-Ask Spread %24.775.9239.8713.438.02
Gamma HHI0.100.080.260.080.10
Net GEX1.6M669.3K3.0M999.5K1.1M
Net DEX-39.8M-187.4M42.2M16.6M-46.3M
Net VEX-1.8M-2.2M-1.4M-1.6M-1.7M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.110.740.460.26
Total Volume53,226.31614,037164,78829,53842,008
Total OI755,771.211644,280867,321644,280813,688

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-02-01$10.69$15.00101.7%25.3%95.5%78.0%89.5%8.3%-2.2%999.5K16.6M-1.6M0.4613.4320,2859,253411,737232,543
2022-02-02$10.37$15.00103.7%25.3%93.7%79.6%89.5%8.8%-2.8%1.3M23.2M-1.5M0.5738.7413,2537,581422,963236,871
2022-02-03$9.59$10.00110.1%30.0%88.9%84.7%104.7%9.8%-3.1%934.4K42.2M-1.4M0.7431.358,0655,972427,206237,820
2022-02-04$9.83$10.00101.3%29.1%88.2%77.7%108.0%9.8%-3.5%1.8M37.4M-1.5M0.1135.2362,1936,689433,776238,864
2022-02-07$9.68$10.00110.9%30.5%87.3%85.4%105.2%13.1%-5.0%669.3K33.1M-1.5M0.3826.6215,3805,890447,753235,958
2022-02-08$9.74$10.00101.1%29.6%87.5%77.5%107.4%6.8%8.4%835.0K15.9M-1.6M0.1323.7560,9867,716468,414235,925
2022-02-09$10.45$10.00109.5%29.7%89.2%84.3%104.6%5.8%-10.7%1.5M-26.2M-1.8M0.1435.7657,8257,901514,401238,938
2022-02-10$10.28$10.00107.8%30.2%84.1%82.9%106.0%5.2%-3.4%1.7M-35.4M-1.8M0.5335.1924,99213,256546,492240,556
2022-02-11$10.18$10.00112.1%31.3%82.9%86.3%110.3%1.9%-3.1%1.4M-30.5M-1.8M0.4934.6925,35612,449553,418245,227
2022-02-14$10.18$10.00112.1%31.8%81.5%86.3%112.1%4.6%-2.3%1.7M-36.1M-1.8M0.3837.1313,4395,067551,169237,681
2022-02-15$11.20$10.00110.6%31.6%84.2%85.2%111.2%5.3%-5.5%2.2M-85.4M-2.0M0.3610.2126,1869,483557,388238,131
2022-02-16$11.15$10.00108.6%31.1%81.1%83.6%111.1%3.6%-5.0%2.4M-94.0M-2.1M0.2521.2827,5116,872572,014238,706
2022-02-17$10.63$10.00114.1%33.0%82.7%87.9%115.4%5.4%-6.0%2.3M-77.9M-2.0M0.4739.8714,3376,683591,435240,012
2022-02-18$10.60$10.00118.8%34.6%81.5%91.7%122.6%1.8%-5.5%2.6M-83.7M-2.1M0.3526.1528,1889,797599,272240,432
2022-02-22$10.09$10.00123.2%37.3%83.2%95.2%132.2%0.1%-7.2%2.1M-111.4M-2.0M0.6026.4919,54011,787528,796187,534
2022-02-23$9.24$10.00131.8%41.4%89.1%100.0%154.0%4.3%-3.5%1.7M-81.2M-1.8M0.185.9285,38315,696538,867195,188
2022-02-24$10.86$10.00140.2%43.1%103.5%100.0%155.5%4.9%-11.7%3.0M-187.4M-2.2M0.2014.12136,92627,862594,827198,330
2022-02-25$8.36$10.00106.3%30.8%141.9%75.1%114.8%0.8%-3.3%991.0K-30.0M-1.6M0.606.5999,40860,085654,208213,113
2022-02-28$8.40$10.00100.2%30.5%141.9%70.6%108.5%2.2%1.5%1.1M-46.3M-1.7M0.268.0233,2218,787604,716208,972