OPEN Options History — May 2022

In May 2022, OPEN traded between $5.32 and $8.13. ATM implied volatility averaged 114.9%, placing in the 69.0% IV rank vs the trailing year. The 30-day expected move averaged 34.7%. IV traded below realized volatility by 1.0% (HV 20d: 115.9%). Max pain ranged from $8.00 to $9.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.68.

Notable Days

  • 2022-05-05: Highest Volume — 106,579 contracts
  • 2022-05-06: Largest IV drop — 15.2% change
  • 2022-05-05: Highest IV Rank — 99.0%
  • 2022-05-04: Largest Expected Move — 50.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.84$5.32$8.13$7.47$7.17
Max Pain$8.14$8.00$9.00$9.00$8.00
ATM IV114.9%95.3%139.4%135.9%97.3%
Expected Move34.7%27.3%50.0%47.0%29.1%
HV 20d115.9%89.9%135.3%92.7%134.0%
HV 60d119.8%111.7%129.8%115.0%111.7%
IV Rank69.0%45.0%99.0%94.7%47.5%
IV Percentile84.6%66.7%99.6%98.8%67.1%
Term Structure-1.6%-13.0%11.9%-4.0%2.1%
VWIV122.0%96.7%172.8%168.6%100.7%
Skew 25d4.8%-11.5%12.0%-1.6%10.7%
Skew 10d7.6%-62.6%48.3%17.3%19.6%
Call IV 25d114.8%90.4%152.9%137.6%92.6%
Put IV 25d119.6%101.1%148.9%136.0%103.2%
Bid-Ask Spread %15.322.5354.715.243.33
Gamma HHI0.120.110.140.110.13
Net GEX1.1M538.2K1.9M1.5M1.1M
Net DEX-47.8M-117.0M3.1M-87.0M-50.0M
Net VEX-1.5M-1.9M-1.1M-1.7M-1.4M
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.331.340.480.83
Total Volume31,223.23812,200106,57918,68717,730
Total OI920,164.143810,8451,005,897900,969824,893

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-05-02$7.47$9.00135.9%47.0%92.7%94.7%168.6%-1.6%-4.0%1.5M-87.0M-1.7M0.485.2412,5906,097677,741223,228
2022-05-03$7.62$9.00136.3%48.5%89.9%95.1%169.5%-3.6%-4.5%1.6M-91.8M-1.8M0.364.1215,6325,633686,061225,527
2022-05-04$8.13$9.00137.3%50.0%90.2%96.4%172.8%-11.5%-13.0%1.9M-117.0M-1.9M0.484.5220,8359,948692,806227,056
2022-05-05$7.15$8.00139.4%37.7%95.4%99.0%136.5%4.9%-7.1%1.4M-71.2M-1.6M0.5343.3069,48237,097704,067232,455
2022-05-06$6.71$8.00118.2%32.2%97.5%73.0%116.9%1.6%-4.0%1.0M-32.2M-1.5M0.4150.5268,28627,721744,487261,410
2022-05-09$6.08$8.00118.9%36.1%103.0%73.9%121.0%3.2%11.9%899.4K-22.7M-1.3M0.5154.7121,68811,073716,140243,736
2022-05-10$5.83$8.00120.0%34.3%98.7%75.3%125.5%1.6%-0.2%741.6K-11.5M-1.2M0.7550.6931,33223,610718,499245,526
2022-05-11$5.32$8.00120.8%37.1%100.8%76.3%128.7%4.8%7.1%538.2K3.1M-1.1M0.6831.6314,5819,880728,207254,018
2022-05-12$6.19$8.00126.9%37.3%111.8%83.7%133.1%2.0%1.1%969.9K-25.5M-1.4M0.338.7628,0229,323731,831254,809
2022-05-13$7.30$8.00114.7%33.4%129.2%68.8%116.5%5.5%2.8%1.4M-82.2M-1.6M0.498.5026,50112,920747,861256,373
2022-05-16$7.08$8.00112.2%32.3%127.3%65.7%113.8%4.4%-2.9%1.1M-53.6M-1.6M0.853.099,5608,103715,389248,081
2022-05-17$7.48$8.00105.9%30.5%128.1%58.0%105.4%10.4%-4.1%1.4M-62.6M-1.6M0.6614.8110,9777,279716,518250,849
2022-05-18$6.85$8.00111.0%31.8%130.9%64.2%112.0%9.8%-5.9%992.5K-36.6M-1.5M1.347.905,4957,371715,011251,976
2022-05-19$7.02$8.00108.1%31.3%128.2%60.8%112.5%7.5%-7.8%1.0M-40.0M-1.5M1.299.796,5858,515715,304251,064
2022-05-20$6.80$8.00106.1%30.8%127.3%58.3%111.3%11.8%-4.5%926.9K-29.2M-1.4M0.862.9110,9159,371716,649251,107
2022-05-23$6.75$8.00102.5%29.9%126.7%53.9%106.5%0.8%-0.7%942.9K-41.5M-1.4M0.462.779,9354,571599,414211,431
2022-05-24$6.17$8.00107.2%31.9%129.8%59.6%108.8%8.3%-3.4%722.8K-22.7M-1.2M0.982.537,7427,590604,811211,682
2022-05-25$6.45$8.00100.2%30.1%129.9%51.0%104.1%8.2%1.9%847.4K-32.3M-1.3M0.836.686,6645,536606,453211,498
2022-05-26$6.59$8.0098.8%28.8%128.0%49.3%100.6%12.0%-0.6%887.7K-30.3M-1.3M0.682.869,1976,257609,234213,872
2022-05-27$7.45$8.0095.3%27.3%135.3%45.0%96.7%10.7%2.0%1.6M-67.7M-1.5M0.413.1824,1589,886611,382214,991
2022-05-31$7.17$8.0097.3%29.1%134.0%47.5%100.7%10.7%2.1%1.1M-50.0M-1.4M0.833.339,6828,048611,113213,780