OPEN Options History — December 2022

In December 2022, OPEN traded between $0.98 and $1.88. ATM implied volatility averaged 123.8%, placing in the 70.4% IV rank vs the trailing year. The 30-day expected move averaged 35.8%. IV traded below realized volatility by 5.2% (HV 20d: 129.0%). Max pain ranged from $2.00 to $3.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.58.

Notable Days

  • 2022-12-19: Highest Volume — 27,053 contracts
  • 2022-12-30: Largest IV spike — 11.4% change
  • 2022-12-30: Highest IV Rank — 100.0%
  • 2022-12-15: Largest Expected Move — 47.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.31$0.98$1.88$1.88$1.15
Max Pain$2.90$2.00$3.00$2.00$3.00
ATM IV123.8%104.0%153.8%104.0%153.8%
Expected Move35.8%29.2%47.0%32.7%37.2%
HV 20d129.0%106.6%157.9%156.0%114.4%
HV 60d118.8%114.6%121.8%114.6%121.8%
IV Rank70.4%45.5%100.0%45.5%100.0%
IV Percentile81.8%46.4%100.0%46.4%100.0%
Term Structure1.9%-15.5%96.2%-7.0%26.5%
VWIV120.1%103.9%131.8%114.9%127.3%
Skew 25d9.0%-30.0%71.7%10.1%33.6%
Skew 10d16.0%-71.0%151.1%35.1%-0.8%
Call IV 25d122.6%104.8%145.2%104.8%108.5%
Put IV 25d131.6%114.7%204.3%114.9%142.1%
Bid-Ask Spread %12.462.1730.414.4521.79
Gamma HHI0.170.120.300.120.16
Net GEX33.8K11.3K97.2K59.8K31.8K
Net DEX3.6M2.0M5.7M2.8M2.0M
Net VEX-86.6K-124.2K-63.6K-124.2K-80.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.580.101.380.260.72
Total Volume13,032.1435,11027,05316,40311,636
Total OI799,362.524773,963815,928786,646808,848

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2022-12-01$1.88$2.00104.0%32.7%156.0%45.5%114.9%10.1%-7.0%59.8K2.8M-124.2K0.264.4513,0033,400659,280127,366
2022-12-02$1.73$2.00114.2%35.8%157.9%58.6%123.2%2.5%-6.1%62.3K3.9M-109.7K0.283.206,0351,715667,012128,463
2022-12-05$1.54$3.00111.3%31.9%151.9%54.9%111.1%10.9%2.7%24.4K5.3M-92.8K1.322.217,5669,967649,732124,231
2022-12-06$1.40$3.00123.0%29.2%149.0%69.8%113.5%10.1%-1.5%11.3K5.7M-84.8K0.722.1712,3148,822654,241129,016
2022-12-07$1.29$3.00117.3%35.6%149.6%62.5%123.4%7.6%12.6%11.5K5.6M-82.4K0.762.349,0816,878664,120129,755
2022-12-08$1.31$3.00124.3%35.8%148.9%71.5%118.1%9.1%1.2%16.2K5.0M-82.9K0.4015.728,3823,333670,398128,051
2022-12-09$1.29$3.00114.9%40.5%124.6%59.5%122.8%20.6%-3.7%21.4K4.6M-82.6K0.956.994,5134,272671,540125,504
2022-12-12$1.44$3.00117.7%34.1%127.1%63.1%120.3%9.4%-9.2%37.2K2.6M-105.3K0.104.4618,3081,859658,000123,453
2022-12-13$1.52$3.00114.9%32.1%124.5%59.5%121.9%8.9%-0.6%92.9K2.5M-98.6K0.522.8911,5946,033670,421123,970
2022-12-14$1.50$3.00117.7%32.9%119.1%63.0%109.7%3.8%-13.8%97.2K2.8M-95.2K0.544.345,1212,772669,373128,226
2022-12-15$1.38$3.00120.1%47.0%120.5%66.1%120.3%3.5%96.2%26.8K4.1M-89.2K0.5511.334,0662,244670,662129,114
2022-12-16$1.23$3.00119.2%34.2%125.3%65.0%103.9%-15.2%-11.9%12.1K4.8M-78.0K0.283.0310,7863,021672,222128,629
2022-12-19$1.31$3.00125.6%35.8%126.6%73.2%122.7%-17.4%3.4%32.7K2.9M-91.1K0.1627.2323,2943,759678,222118,203
2022-12-20$1.23$3.00134.4%38.8%127.8%84.5%122.6%8.3%-15.5%39.3K2.1M-92.1K0.1826.6716,0222,886697,771118,157
2022-12-21$1.15$3.00126.6%36.3%129.1%74.5%125.0%-3.7%-5.7%28.7K3.0M-80.0K0.3521.866,6292,346693,783119,190
2022-12-22$1.02$3.00123.2%35.3%113.6%70.1%122.0%-30.0%-0.6%15.7K3.3M-71.4K0.7021.377,9705,570697,306115,951
2022-12-23$1.01$3.00132.3%38.3%110.2%81.7%131.8%-18.6%-8.1%18.8K3.2M-67.5K1.3813.272,6703,681698,611114,662
2022-12-27$0.98$3.00127.8%33.3%106.6%75.9%116.7%71.7%-13.2%15.4K3.3M-63.6K0.4024.818,3693,344693,376112,646
2022-12-28$1.04$3.00139.5%38.5%111.2%91.0%121.4%13.8%-1.7%27.3K2.6M-74.0K0.7211.182,9742,136696,494111,622
2022-12-29$1.13$3.00138.0%37.5%114.3%89.1%129.2%50.9%-4.3%26.2K2.9M-72.5K0.9430.412,7382,566696,900112,092
2022-12-30$1.15$3.00153.8%37.2%114.4%100.0%127.3%33.6%26.5%31.8K2.0M-80.1K0.7221.796,7474,889696,890111,958