OPEN Options History — April 2022

In April 2022, OPEN traded between $6.76 and $8.98. ATM implied volatility averaged 120.2%, placing in the 75.5% IV rank vs the trailing year. The 30-day expected move averaged 35.3%. IV traded above realized volatility by 18.5% (HV 20d: 101.7%). Max pain ranged from $9.00 to $10.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 5 of 20 days. Put/call ratio averaged 0.69.

Notable Days

  • 2022-04-07: Highest Volume — 197,688 contracts
  • 2022-04-06: Largest IV spike — 8.9% change
  • 2022-04-29: Highest IV Rank — 97.2%
  • 2022-04-29: Largest Expected Move — 43.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.84$6.76$8.98$8.45$7.00
Max Pain$9.45$9.00$10.00$10.00$9.00
ATM IV120.2%92.0%137.9%92.0%137.9%
Expected Move35.3%29.5%43.0%29.5%43.0%
HV 20d101.7%88.0%111.6%108.7%89.1%
HV 60d116.1%114.2%118.3%114.2%115.0%
IV Rank75.5%41.0%97.2%41.0%97.2%
IV Percentile95.1%77.8%99.6%77.8%99.6%
Term Structure-2.9%-14.9%13.4%7.9%-7.2%
VWIV126.8%107.3%155.1%109.2%155.1%
Skew 25d-4.1%-13.4%4.4%-10.0%-4.8%
Skew 10d-10.8%-37.8%67.3%-20.0%-36.0%
Call IV 25d127.3%99.1%148.4%99.1%148.4%
Put IV 25d123.2%89.1%143.5%89.1%143.5%
Bid-Ask Spread %20.062.9748.3232.416.50
Gamma HHI0.100.090.130.090.13
Net GEX1.3M393.6K2.1M1.3M1.9M
Net DEX-74.2M-144.4M-33.7M-65.8M-61.6M
Net VEX-1.8M-2.1M-1.5M-1.8M-1.6M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.202.402.400.35
Total Volume34,620.310,203197,68835,18627,884
Total OI889,367.95801,513942,601814,139917,771

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-04-01$8.45$10.0092.0%29.5%108.7%41.0%109.2%-10.0%7.9%1.3M-65.8M-1.8M2.4032.4110,36424,822598,944215,195
2022-04-04$8.98$10.0097.8%30.1%107.5%48.1%107.3%-0.3%9.5%1.4M-88.2M-1.9M0.2941.9019,6175,622571,583229,930
2022-04-05$8.36$10.0098.9%30.2%111.6%49.4%109.5%-13.4%13.4%1.2M-62.1M-1.7M0.7541.1010,5697,957588,130229,603
2022-04-06$7.60$10.00107.7%32.1%110.5%60.2%115.0%-10.1%5.9%841.8K-33.7M-1.6M0.8636.2734,37329,661593,076233,226
2022-04-07$7.40$10.00116.8%32.2%110.7%71.3%116.8%-12.6%-3.6%393.6K-36.3M-1.6M0.2048.32165,22332,465616,560245,056
2022-04-08$7.27$10.00116.5%32.6%106.8%70.9%119.6%-8.7%-1.4%825.0K-44.4M-1.7M0.3742.3516,2295,985675,875255,240
2022-04-11$7.83$10.00123.6%33.2%106.7%79.6%120.9%-10.3%-5.6%1.1M-76.3M-1.8M1.3431.6716,10821,525672,365243,573
2022-04-12$8.07$10.00115.0%32.8%103.5%69.2%120.3%-2.6%0.4%1.2M-88.4M-1.9M0.8027.2520,31616,317680,116249,238
2022-04-13$8.81$10.00118.6%32.7%103.5%73.5%117.0%-0.3%-8.0%2.0M-138.0M-2.1M0.7539.0923,11817,313684,983249,227
2022-04-14$8.82$9.00117.9%33.0%101.4%72.7%118.1%4.4%-4.4%2.1M-144.4M-2.1M0.5515.1117,2549,515694,714247,887
2022-04-18$8.20$9.00120.9%34.4%104.9%76.4%124.7%0.9%-1.9%1.6M-98.1M-1.9M0.688.7913,5319,153664,081220,862
2022-04-19$8.55$9.00122.0%34.8%105.7%77.7%123.4%2.2%-6.2%1.7M-115.1M-2.0M0.303.5414,2454,211667,575225,304
2022-04-20$8.24$9.00122.1%35.0%93.1%77.9%127.3%-0.2%-3.8%1.5M-97.0M-1.9M1.023.817,0217,185671,879226,480
2022-04-21$7.56$9.00127.0%36.8%97.3%83.9%131.5%-1.0%-6.2%1.1M-63.7M-1.7M0.604.277,8724,762672,439229,739
2022-04-22$7.17$9.00130.6%38.6%98.4%88.2%136.0%-1.2%-10.4%1.2M-50.2M-1.6M0.914.2517,31415,770675,463230,264
2022-04-25$7.40$9.00134.1%40.2%98.2%92.5%140.7%-5.1%-14.9%1.3M-65.7M-1.7M0.354.1112,3304,313668,443226,434
2022-04-26$7.12$9.00135.0%42.1%97.8%93.6%148.0%-0.7%-6.6%1.2M-55.6M-1.6M0.624.126,3113,892674,636227,918
2022-04-27$6.76$9.00136.6%41.7%88.0%95.6%148.5%-4.0%-6.9%1.1M-41.9M-1.5M0.403.287,6363,058676,356228,580
2022-04-28$7.19$9.00132.7%41.6%90.2%90.7%147.0%-4.0%-7.1%1.2M-57.4M-1.6M0.372.9715,7915,774678,733229,881
2022-04-29$7.00$9.00137.9%43.0%89.1%97.2%155.1%-4.8%-7.2%1.9M-61.6M-1.6M0.356.5020,6497,235686,276231,495