OPEN Options History — January 2023

In January 2023, OPEN traded between $1.12 and $2.17. ATM implied volatility averaged 137.9%, placing in the 53.0% IV rank vs the trailing year. The 30-day expected move averaged 36.2%. IV traded above realized volatility by 35.2% (HV 20d: 102.7%). Max pain ranged from $2.00 to $3.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.73.

Notable Days

  • 2023-01-17: Highest Volume — 32,731 contracts
  • 2023-01-10: Largest IV spike — 43.5% change
  • 2023-01-05: Highest IV Rank — 100.0%
  • 2023-01-19: Largest Expected Move — 43.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.55$1.12$2.17$1.13$2.17
Max Pain$2.10$2.00$3.00$3.00$2.00
ATM IV137.9%116.8%199.7%116.8%147.4%
Expected Move36.2%31.9%43.9%31.9%37.2%
HV 20d102.7%91.5%114.8%112.3%98.1%
HV 60d124.0%119.2%129.2%121.3%129.0%
IV Rank53.0%33.3%100.0%56.4%56.6%
IV Percentile88.6%69.0%100.0%69.0%98.4%
Term Structure-5.4%-190.8%149.2%28.6%-14.2%
VWIV128.3%115.4%142.9%132.4%131.0%
Skew 25d2.0%-207.1%75.8%17.1%6.5%
Skew 10d29.9%-207.1%233.5%155.2%-6.2%
Call IV 25d137.8%75.6%332.2%110.5%143.8%
Put IV 25d139.7%97.0%162.2%127.6%150.3%
Bid-Ask Spread %34.6321.6957.7633.7829.99
Gamma HHI0.170.140.200.170.18
Net GEX80.0K29.4K165.9K34.0K165.9K
Net DEX-4.0M-15.6M2.7M2.6M-15.6M
Net VEX-104.5K-156.4K-71.6K-71.6K-156.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.083.660.710.23
Total Volume14,212.92,69832,7316,93317,215
Total OI628,036.1303,340808,902800,449324,052

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-01-03$1.13$3.00116.8%31.9%112.3%56.4%132.4%17.1%28.6%34.0K2.6M-71.6K0.7133.784,0612,872690,045110,404
2023-01-04$1.15$3.00132.5%41.5%107.2%75.0%140.0%-207.1%149.2%36.1K1.6M-80.6K0.4932.835,2302,556692,236112,191
2023-01-05$1.12$2.00187.5%38.1%103.0%100.0%132.8%-51.4%-190.8%29.4K2.3M-75.5K0.3929.131,948750694,634113,303
2023-01-06$1.15$2.00131.8%37.0%100.3%50.4%129.0%40.5%12.7%31.3K2.7M-73.8K2.5456.532,1225,381695,735113,167
2023-01-09$1.19$2.00139.1%40.0%101.0%56.7%142.9%-4.2%-41.3%40.7K1.0M-80.3K0.1933.3720,2343,911693,000104,748
2023-01-10$1.23$2.00199.7%33.8%101.8%100.0%124.2%-2.5%-138.2%37.2K1.9M-75.2K3.6650.461,7086,248684,014103,232
2023-01-11$1.38$2.00120.2%36.5%102.6%35.9%134.1%14.8%-2.4%52.0K676.6K-79.7K0.6631.298,5645,688684,75099,050
2023-01-12$1.60$2.00119.8%35.4%114.1%35.5%133.3%-2.9%9.5%81.1K-2.6M-98.4K0.5427.4613,1327,098689,45395,941
2023-01-13$1.67$2.00137.6%36.1%114.8%50.0%126.4%75.8%-10.9%95.4K-5.1M-106.1K0.2931.6423,4576,745695,14193,312
2023-01-17$1.71$2.00119.0%33.8%110.1%33.6%118.5%33.0%46.3%86.2K-4.8M-107.9K0.0857.7630,4042,327694,54091,651
2023-01-18$1.65$2.00130.5%37.4%101.3%42.9%129.9%14.8%16.8%104.1K-4.8M-119.6K0.7348.238,5706,288706,05593,087
2023-01-19$1.50$2.00149.4%43.9%106.7%58.2%135.8%16.3%-20.4%82.4K-2.3M-105.6K0.6621.695,8843,868706,61497,851
2023-01-20$1.60$2.00119.3%33.1%105.2%33.3%115.4%30.3%6.5%83.8K-3.2M-106.6K0.4122.756,7962,819708,22596,983
2023-01-23$1.71$2.00134.8%36.9%102.4%46.1%129.0%5.9%7.6%97.8K-6.9M-114.5K0.5943.907,8554,612231,10172,239
2023-01-24$1.63$2.00131.9%34.6%92.0%43.7%128.5%7.4%44.3%81.4K-6.2M-112.4K0.6634.226,7774,469234,03275,271
2023-01-25$1.63$2.00129.8%32.1%91.6%42.0%118.4%17.3%0.7%93.7K-5.8M-112.1K0.7222.382,5231,829235,82777,272
2023-01-26$1.77$2.00131.1%34.4%91.5%43.0%120.1%4.0%-4.6%96.5K-8.0M-121.3K0.4232.706,2282,607237,32777,887
2023-01-27$2.04$2.00139.9%34.8%99.4%50.4%121.7%12.6%3.2%127.4K-14.2M-145.4K0.2423.5020,6084,926240,17379,374
2023-01-30$2.06$2.00140.1%34.5%98.0%50.5%123.1%11.3%-11.6%143.6K-13.1M-146.8K0.3129.0312,1673,781237,99678,809
2023-01-31$2.17$2.00147.4%37.2%98.1%56.6%131.0%6.5%-14.2%165.9K-15.6M-156.4K0.2329.9913,9823,233242,79181,261