OPEN Options History — July 2022

In July 2022, OPEN traded between $4.62 and $5.65. ATM implied volatility averaged 115.9%, placing in the 70.2% IV rank vs the trailing year. The 30-day expected move averaged 33.6%. IV traded above realized volatility by 15.2% (HV 20d: 100.8%). Max pain ranged from $6.00 to $6.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.54.

Notable Days

  • 2022-07-07: Highest Volume — 70,570 contracts
  • 2022-07-07: Largest IV spike — 15.8% change
  • 2022-07-13: Highest IV Rank — 78.9%
  • 2022-07-26: Largest Expected Move — 35.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$5.20$4.62$5.65$5.07$4.95
Max Pain$6.00$6.00$6.00$6.00$6.00
ATM IV115.9%104.6%123.0%105.9%110.8%
Expected Move33.6%29.1%35.6%29.1%34.6%
HV 20d100.8%79.7%128.1%124.4%81.2%
HV 60d117.2%116.1%119.0%119.0%116.8%
IV Rank70.2%56.4%78.9%58.0%64.0%
IV Percentile84.8%71.4%93.7%73.0%75.4%
Term Structure-2.8%-6.9%14.2%2.4%-4.7%
VWIV117.8%103.2%126.3%103.2%120.4%
Skew 25d8.7%4.1%12.9%4.1%9.4%
Skew 10d17.3%-20.4%60.9%60.9%19.8%
Call IV 25d112.7%104.4%118.7%104.7%109.4%
Put IV 25d121.4%108.8%128.5%108.8%118.8%
Bid-Ask Spread %16.322.0843.849.822.63
Gamma HHI0.140.130.170.160.13
Net GEX636.6K354.5K1.0M593.2K608.2K
Net DEX2.0M-16.6M16.7M452.7K9.3M
Net VEX-754.5K-928.5K-585.9K-791.3K-638.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.181.060.430.54
Total Volume29,016.0517,60070,57028,68632,983
Total OI755,999.25722,179773,268773,268771,689

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-07-01$5.07$6.00105.9%29.1%124.4%58.0%103.2%4.1%2.4%593.2K452.7K-791.3K0.439.8220,0158,671576,123197,145
2022-07-05$5.43$6.00107.6%34.4%127.5%60.0%118.4%8.5%7.2%721.5K-9.8M-877.8K0.5432.7523,37412,681565,720192,666
2022-07-06$5.38$6.00104.6%34.4%127.0%56.4%116.6%6.3%14.2%786.9K-8.8M-885.2K0.1843.8433,1456,083575,657197,365
2022-07-07$5.65$6.00121.1%32.3%128.1%76.6%114.6%12.0%-6.9%891.7K-7.1M-873.6K0.2634.7555,91714,653558,458198,913
2022-07-08$5.58$6.00115.7%30.7%128.0%70.0%116.0%12.9%-5.2%1.0M-16.6M-928.5K0.5933.2114,6058,646549,743205,687
2022-07-11$5.15$6.00122.3%34.3%126.3%78.1%118.4%10.0%-2.2%663.0K-6.1M-854.3K0.3729.0623,3988,607544,494197,105
2022-07-12$5.25$6.00121.9%34.0%116.1%77.6%118.8%9.4%-4.8%705.9K3.8M-778.8K0.6541.1211,6177,519557,721199,072
2022-07-13$5.24$6.00123.0%33.9%104.9%78.9%119.2%9.7%-5.5%719.0K3.5M-762.9K0.3930.9317,1796,674561,811200,547
2022-07-14$5.00$6.00120.1%33.6%106.2%75.4%116.9%10.8%-3.9%556.2K9.1M-705.2K0.422.3813,6965,797567,364201,376
2022-07-15$5.09$6.00115.0%32.4%106.3%69.2%111.7%10.8%-3.9%431.9K11.0M-689.5K0.452.0819,1718,563570,770201,990
2022-07-18$5.04$6.00117.4%33.1%84.6%72.1%115.9%6.9%-1.4%454.0K8.8M-696.6K0.642.5517,15211,057536,568185,611
2022-07-19$5.52$6.00118.3%33.9%83.8%73.2%117.2%7.0%-5.4%653.1K-2.6M-784.6K0.4712.9725,84112,136544,625192,446
2022-07-20$5.63$6.00115.6%33.1%83.9%69.9%119.2%8.6%-4.7%823.0K-10.6M-846.6K0.8027.8610,4528,316555,970194,094
2022-07-21$5.60$6.00114.4%33.0%84.0%68.4%113.0%10.5%-4.8%882.6K-4.2M-790.5K0.536.9811,6826,192555,759196,722
2022-07-22$5.19$6.00116.5%33.9%80.4%71.0%119.6%6.5%-4.7%522.3K6.0M-705.3K0.912.5710,8499,905558,129197,628
2022-07-25$4.97$6.00117.1%35.2%79.7%71.7%124.5%5.5%-4.9%456.6K11.9M-652.5K0.512.5421,84711,116546,071192,493
2022-07-26$4.66$6.00120.3%35.6%81.6%75.6%126.3%9.8%-3.7%354.5K16.7M-585.9K1.062.348,5649,036556,321195,583
2022-07-27$4.62$6.00115.6%35.3%79.8%69.9%123.3%8.5%-6.9%357.3K16.5M-593.1K0.552.9516,9039,319560,856196,300
2022-07-28$5.01$6.00114.9%34.9%81.3%69.0%122.6%6.5%-5.4%521.6K9.6M-648.1K0.553.0717,3599,601565,628197,765
2022-07-29$4.95$6.00110.8%34.6%81.2%64.0%120.4%9.4%-4.7%608.2K9.3M-638.7K0.542.6321,47211,511572,865198,824