OPEN Options History — September 2022

In September 2022, OPEN traded between $3.06 and $4.96. ATM implied volatility averaged 94.4%, placing in the 43.3% IV rank vs the trailing year. The 30-day expected move averaged 26.9%. IV traded above realized volatility by 21.2% (HV 20d: 73.2%). Max pain ranged from $4.00 to $5.00. Net GEX was positive for 9 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.03.

Notable Days

  • 2022-09-23: Highest Volume — 52,302 contracts
  • 2022-09-09: Largest IV drop — 7.9% change
  • 2022-09-26: Highest IV Rank — 57.9%
  • 2022-09-26: Largest Expected Move — 31.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.88$3.06$4.96$4.26$3.12
Max Pain$4.64$4.00$5.00$5.00$4.00
ATM IV94.4%79.3%106.9%91.3%106.5%
Expected Move26.9%22.9%31.0%27.2%29.9%
HV 20d73.2%60.1%104.2%104.2%87.4%
HV 60d93.0%87.6%104.3%104.2%89.7%
IV Rank43.3%25.4%57.9%40.1%57.1%
IV Percentile48.4%29.4%65.9%44.8%64.7%
Term Structure1.3%-7.2%10.3%1.4%4.4%
VWIV94.5%80.3%107.8%94.5%103.9%
Skew 25d5.5%-0.9%10.7%-0.5%7.1%
Skew 10d11.6%-2.0%21.9%4.1%13.4%
Call IV 25d92.6%78.1%105.0%94.7%102.8%
Put IV 25d98.1%83.6%113.2%94.2%109.9%
Bid-Ask Spread %13.104.4730.5015.1423.64
Gamma HHI0.180.110.260.110.21
Net GEX62.5K-258.2K540.8K302.1K-188.0K
Net DEX35.8M21.0M48.7M23.1M37.5M
Net VEX-431.6K-626.1K-282.2K-626.1K-304.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.225.060.260.22
Total Volume29,895.14311,23252,30223,43332,167
Total OI894,445.81860,975917,293869,158917,293

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-09-01$4.26$5.0091.3%27.2%104.2%40.1%94.5%-0.5%1.4%302.1K23.1M-626.1K0.2615.1418,5474,886601,641267,517
2022-09-02$4.10$4.5090.8%25.1%74.4%39.5%88.8%-0.9%2.7%196.5K34.4M-507.7K0.8015.608,0516,455612,989267,715
2022-09-06$4.22$5.0093.0%26.8%74.7%42.2%93.7%5.2%-0.6%300.3K28.0M-565.4K0.4518.3710,3324,601599,084261,891
2022-09-07$4.39$5.0089.0%26.8%72.2%37.3%91.1%4.8%-0.9%365.5K30.0M-525.1K0.596.317,3114,312603,095260,221
2022-09-08$4.51$5.0086.0%24.3%62.3%33.7%87.1%6.2%2.5%438.4K31.0M-516.8K5.0617.894,69023,738605,745260,597
2022-09-09$4.86$5.0079.3%23.1%69.4%25.4%87.9%5.5%5.5%504.6K23.0M-594.0K0.8430.5020,23916,946606,346282,628
2022-09-12$4.96$5.0081.8%22.9%66.1%28.5%80.3%6.0%-1.3%540.8K21.0M-590.2K0.625.9720,24512,487601,670287,804
2022-09-13$4.55$5.0085.0%23.6%69.4%32.4%84.4%4.2%-1.8%359.0K30.7M-521.2K0.484.9413,7066,518615,087290,547
2022-09-14$4.32$5.0086.4%25.5%69.8%34.1%88.5%4.6%3.9%159.8K38.2M-505.3K3.755.5210,18738,170615,303291,708
2022-09-15$4.20$5.0090.3%25.3%60.4%38.9%86.9%5.8%-2.2%-66.7K42.7M-467.9K0.278.678,8722,360617,216295,217
2022-09-16$4.11$5.0092.9%25.7%60.6%42.1%90.2%9.7%-7.2%-120.0K47.0M-419.4K0.635.6819,19512,142620,525295,556
2022-09-19$3.90$5.0093.0%26.6%60.1%42.2%93.8%6.7%1.0%-83.2K44.1M-420.1K0.9012.9916,64115,046599,630286,137
2022-09-20$3.58$5.0093.7%26.8%65.8%41.8%95.4%3.9%2.2%-162.6K44.8M-366.8K0.9213.4119,56417,982606,224284,684
2022-09-21$3.25$5.0098.2%28.1%72.1%47.4%95.1%4.9%10.3%-258.2K48.7M-304.2K0.6522.588,6805,667617,525288,344
2022-09-22$3.06$4.00101.3%29.0%73.2%51.3%100.1%5.4%1.1%-208.4K42.5M-282.2K0.3715.8027,42010,131621,277269,520
2022-09-23$3.19$4.00102.7%29.1%74.4%53.1%102.7%6.1%1.8%-126.8K35.9M-311.1K2.035.7517,25335,049639,351264,154
2022-09-26$3.10$4.00106.6%31.0%74.1%57.9%105.8%4.0%2.2%-167.8K39.1M-295.1K0.8622.0324,50221,022618,435280,007
2022-09-27$3.15$4.00106.9%29.8%75.2%57.8%104.0%10.7%-1.0%-150.8K38.0M-305.5K1.004.4721,41421,319624,743280,493
2022-09-28$3.42$4.00100.6%28.1%83.2%49.8%101.5%6.4%2.7%-184.9K34.2M-330.1K0.525.6021,21811,055629,080280,724
2022-09-29$3.13$4.00106.6%30.4%87.4%57.4%107.8%8.9%-0.3%-137.1K37.7M-303.9K0.4714.3018,7878,891631,166284,473
2022-09-30$3.12$4.00106.5%29.9%87.4%57.1%103.9%7.1%4.4%-188.0K37.5M-304.9K0.2223.6426,3695,798631,743285,550