OPEN Options History — February 2023

In February 2023, OPEN traded between $1.42 and $2.76. ATM implied volatility averaged 147.1%, placing in the 56.3% IV rank vs the trailing year. The 30-day expected move averaged 40.3%. IV traded above realized volatility by 28.7% (HV 20d: 118.4%). Max pain ranged from $2.00 to $2.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 5 of 19 days. Put/call ratio averaged 0.61.

Notable Days

  • 2023-02-17: Highest Volume — 56,217 contracts
  • 2023-02-24: Largest IV drop — 17.3% change
  • 2023-02-03: Highest IV Rank — 75.4%
  • 2023-02-02: Largest Expected Move — 45.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.08$1.42$2.76$2.40$1.44
Max Pain$2.00$2.00$2.00$2.00$2.00
ATM IV147.1%125.6%170.0%157.3%125.6%
Expected Move40.3%35.3%45.1%38.0%36.4%
HV 20d118.4%99.2%127.9%99.2%121.7%
HV 60d119.8%113.7%130.6%130.6%116.5%
IV Rank56.3%38.4%75.4%64.8%38.4%
IV Percentile93.2%73.8%99.2%99.2%73.8%
Term Structure-0.7%-35.3%74.5%-35.3%7.1%
VWIV141.5%84.6%159.9%132.6%84.6%
Skew 25d-0.0%-53.3%15.3%8.3%10.0%
Skew 10d5.2%-41.9%48.0%-13.8%-6.3%
Call IV 25d154.9%122.8%211.9%159.1%122.8%
Put IV 25d154.9%132.7%173.6%167.5%132.7%
Bid-Ask Spread %17.866.3451.1926.8215.08
Gamma HHI0.170.110.220.170.13
Net GEX119.4K21.7K190.5K183.2K31.2K
Net DEX-13.2M-30.1M-807.5K-20.1M-1.1M
Net VEX-156.4K-200.4K-106.9K-167.8K-107.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.610.211.980.210.38
Total Volume21,150.5268,79656,21725,57810,225
Total OI351,601.053325,829382,001330,092342,430

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-02-01$2.40$2.00157.3%38.0%99.2%64.8%132.6%8.3%-35.3%183.2K-20.1M-167.8K0.2126.8221,0544,524247,15682,936
2023-02-02$2.76$2.00163.7%45.1%105.3%70.1%157.9%-3.0%-12.6%183.2K-30.1M-200.4K0.2319.9343,13410,086251,87185,666
2023-02-03$2.58$2.00170.0%44.7%109.8%75.4%159.3%0.9%-13.1%186.1K-25.9M-192.1K0.289.1316,4964,684257,48391,241
2023-02-06$2.41$2.00159.7%43.5%116.5%66.8%152.0%-3.8%-3.8%171.6K-20.6M-175.6K0.5616.6714,8358,366253,58088,361
2023-02-07$2.37$2.00166.9%44.0%118.0%72.8%148.3%-4.6%-7.4%190.5K-19.4M-176.9K0.519.1910,2015,183261,91792,280
2023-02-08$2.25$2.00144.5%38.6%121.9%54.2%139.8%4.0%-12.2%175.7K-17.2M-172.4K0.4014.996,9242,748265,42595,737
2023-02-09$2.08$2.00146.3%40.1%123.4%55.7%142.5%1.3%-5.8%143.1K-13.2M-158.6K0.4410.6313,2225,876267,17696,360
2023-02-10$1.94$2.00144.3%38.5%117.7%54.0%142.0%-3.2%-16.4%115.6K-10.1M-152.2K1.2211.265,9247,248265,68799,712
2023-02-13$1.98$2.00137.7%38.4%117.1%48.5%159.9%-10.3%12.5%123.4K-10.5M-152.7K0.5710.575,6083,188260,36198,529
2023-02-14$2.17$2.00143.9%40.7%120.7%53.7%143.0%6.9%3.8%158.7K-14.5M-164.9K0.397.627,7053,016263,06999,143
2023-02-15$2.33$2.00142.1%40.7%121.1%52.2%145.4%-6.5%-6.0%181.2K-18.4M-179.0K0.267.348,1962,162265,715101,054
2023-02-16$2.16$2.00140.1%40.2%118.8%50.5%143.0%8.2%-0.5%121.4K-15.5M-167.8K1.9810.936,97313,795268,146101,793
2023-02-17$2.01$2.00138.0%39.8%121.6%48.8%138.8%8.3%-1.3%88.3K-11.6M-156.2K0.436.3439,19917,018268,617113,384
2023-02-21$1.88$2.00148.8%40.5%122.8%57.7%156.4%4.5%74.5%50.9K-5.4M-132.8K1.0027.807,8457,854225,817100,012
2023-02-22$1.83$2.00146.1%39.7%121.9%55.5%136.0%-53.3%18.9%46.1K-5.7M-134.5K0.7724.288,8196,794231,434104,851
2023-02-23$1.83$2.00152.9%43.8%121.9%61.1%154.9%14.1%-10.0%64.8K-8.8M-157.1K0.5034.1016,1358,104235,847105,998
2023-02-24$1.60$2.00126.5%35.3%127.9%39.2%125.0%1.9%-3.5%31.3K-2.2M-116.9K0.9751.1916,17315,681244,940110,751
2023-02-27$1.42$2.00139.9%36.6%121.6%50.3%127.0%15.3%-1.8%21.7K-807.5K-106.9K0.4225.4211,8834,982233,295102,646
2023-02-28$1.44$2.00125.6%36.4%121.7%38.4%84.6%10.0%7.1%31.2K-1.1M-107.0K0.3815.087,4052,820240,341102,089