OPEN Options History — March 2022

In March 2022, OPEN traded between $6.45 and $9.83. ATM implied volatility averaged 95.9%, placing in the 48.4% IV rank vs the trailing year. The 30-day expected move averaged 30.2%. IV traded below realized volatility by 45.2% (HV 20d: 141.1%). Max pain ranged from $9.00 to $15.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 15 of 23 days. Put/call ratio averaged 0.50.

Notable Days

2022-03-22: Highest Volume — 66,520 contracts
2022-03-04: Largest IV spike — 10.3% change
2022-03-01: Highest IV Rank — 72.7%
2022-03-07: Largest Expected Move — 34.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$8.05	$6.45	$9.83	$8.20	$8.69
Max Pain	$11.17	$9.00	$15.00	$10.00	$10.00
ATM IV	95.9%	84.3%	110.3%	103.2%	87.4%
Expected Move	30.2%	28.3%	34.2%	30.3%	29.4%
HV 20d	141.1%	116.0%	162.8%	133.5%	118.3%
HV 60d	108.3%	98.0%	116.7%	98.0%	116.4%
IV Rank	48.4%	31.5%	72.7%	72.7%	35.4%
IV Percentile	79.0%	63.9%	91.3%	87.7%	71.0%
Term Structure	1.8%	-4.3%	12.7%	-1.8%	11.4%
VWIV	107.7%	100.8%	126.4%	112.6%	108.8%
Skew 25d	2.5%	-10.7%	14.8%	0.0%	-10.6%
Skew 10d	0.3%	-26.3%	17.3%	6.6%	-21.1%
Call IV 25d	97.7%	87.3%	110.9%	105.9%	96.7%
Put IV 25d	100.1%	84.7%	120.4%	105.9%	86.0%
Bid-Ask Spread %	29.90	2.38	55.30	4.74	47.78
Gamma HHI	0.10	0.09	0.17	0.09	0.09
Net GEX	1.3M	491.9K	2.3M	1.1M	1.7M
Net DEX	-51.0M	-141.0M	4.4M	-41.8M	-81.5M
Net VEX	-1.6M	-2.1M	-1.2M	-1.7M	-1.8M
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.50	0.14	1.28	0.27	0.51
Total Volume	28,077.565	11,303	66,520	28,000	16,852
Total OI	797,187.304	693,942	840,306	826,171	809,423

Daily Data (23 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
2022-03-01	$8.20	$10.00	103.2%	30.3%	133.5%	72.7%	112.6%	0.0%	-1.8%	1.1M	-41.8M	-1.7M	0.27	4.74	21,999	6,001	614,080	212,091
2022-03-02	$8.68	$10.00	95.5%	28.3%	131.8%	66.6%	100.8%	8.1%	-3.2%	1.3M	-55.1M	-1.8M	0.65	12.12	8,343	5,384	621,124	213,081
2022-03-03	$7.79	$10.00	97.3%	29.6%	136.2%	67.7%	103.8%	6.2%	0.0%	616.1K	-21.6M	-1.5M	1.21	7.27	13,181	15,921	621,692	213,893
2022-03-04	$6.87	$10.00	107.4%	32.1%	140.2%	59.8%	113.8%	9.6%	-0.4%	491.9K	4.4M	-1.3M	0.35	2.38	48,932	17,247	627,424	212,882
2022-03-07	$6.53	$10.00	110.3%	34.2%	139.8%	63.4%	126.4%	5.9%	3.6%	633.3K	278.6K	-1.2M	0.27	3.28	28,841	7,773	584,009	202,767
2022-03-08	$6.77	$10.00	108.4%	32.6%	141.2%	61.1%	116.3%	6.8%	0.6%	873.6K	-11.8M	-1.3M	0.26	7.90	19,000	4,920	601,547	204,448
2022-03-09	$7.59	$10.00	104.6%	31.7%	148.7%	56.4%	119.3%	-0.1%	1.4%	1.3M	-40.0M	-1.5M	0.69	3.73	13,969	9,606	608,685	206,439
2022-03-10	$7.45	$9.00	102.7%	29.9%	145.4%	54.1%	108.7%	6.5%	1.9%	1.3M	-32.8M	-1.5M	0.48	2.99	14,240	6,892	614,071	210,631
2022-03-11	$6.87	$9.00	102.3%	29.7%	147.2%	53.6%	105.9%	14.8%	-1.0%	1.3M	-7.4M	-1.3M	0.63	2.63	10,974	6,867	616,801	211,388
2022-03-14	$6.45	$15.00	108.1%	30.8%	147.9%	60.7%	108.3%	2.1%	-4.3%	537.5K	1.0M	-1.2M	0.47	47.16	10,525	4,924	594,436	206,786
2022-03-15	$7.01	$15.00	102.1%	30.4%	152.5%	53.4%	108.5%	7.1%	-1.8%	727.2K	-12.1M	-1.3M	0.52	53.36	7,420	3,883	598,802	207,813
2022-03-16	$7.65	$15.00	95.0%	28.9%	151.7%	44.7%	104.0%	7.8%	0.2%	999.3K	-32.6M	-1.5M	0.55	47.15	8,706	4,804	601,861	207,332
2022-03-17	$8.15	$15.00	93.0%	29.7%	154.4%	42.2%	103.0%	3.1%	-3.3%	1.2M	-48.3M	-1.6M	0.55	46.86	13,574	7,497	604,933	208,098
2022-03-18	$8.24	$14.00	87.3%	29.4%	154.2%	35.2%	101.0%	5.0%	-1.2%	1.3M	-51.2M	-1.6M	1.28	55.30	13,751	17,650	608,200	209,507
2022-03-21	$8.10	$14.00	89.5%	29.9%	154.2%	37.9%	102.5%	1.4%	3.2%	1.2M	-48.7M	-1.6M	0.58	51.54	25,714	14,918	503,328	190,614
2022-03-22	$9.32	$11.00	92.4%	30.4%	162.8%	41.4%	102.8%	2.7%	3.0%	1.7M	-92.0M	-1.9M	0.14	23.55	58,308	8,212	518,349	202,772
2022-03-23	$9.28	$10.00	89.2%	30.0%	159.8%	37.6%	104.3%	-1.2%	2.9%	1.9M	-105.2M	-2.0M	0.32	48.42	24,001	7,691	559,019	206,028
2022-03-24	$9.04	$10.00	85.2%	29.9%	148.1%	32.7%	104.8%	-1.2%	0.4%	1.9M	-91.4M	-1.9M	0.38	51.11	13,831	5,267	569,520	207,738
2022-03-25	$8.57	$10.00	84.3%	29.3%	116.0%	31.5%	105.3%	-0.7%	0.2%	1.7M	-68.7M	-1.8M	0.60	39.05	12,985	7,746	571,113	209,158
2022-03-28	$8.82	$10.00	87.6%	29.8%	116.4%	35.6%	104.3%	-1.4%	10.0%	1.7M	-86.2M	-1.8M	0.21	36.18	22,667	4,764	556,231	205,525
2022-03-29	$9.83	$10.00	87.8%	29.6%	121.7%	35.8%	104.8%	-10.7%	12.7%	2.3M	-141.0M	-2.1M	0.22	51.51	36,927	8,143	573,801	206,908
2022-03-30	$9.17	$10.00	85.1%	28.9%	123.4%	32.5%	107.8%	-4.3%	6.5%	2.3M	-109.2M	-2.0M	0.40	41.57	17,818	7,116	590,384	210,576
2022-03-31	$8.69	$10.00	87.4%	29.4%	118.3%	35.4%	108.8%	-10.6%	11.4%	1.7M	-81.5M	-1.8M	0.51	47.78	11,176	5,676	595,569	213,854