OPEN Options History — March 2023

In March 2023, OPEN traded between $1.19 and $1.73. ATM implied volatility averaged 128.1%, placing in the 40.5% IV rank vs the trailing year. The 30-day expected move averaged 36.4%. IV traded below realized volatility by 5.8% (HV 20d: 133.9%). Max pain ranged from $1.50 to $2.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.54.

Notable Days

2023-03-23: Highest Volume — 41,233 contracts
2023-03-10: Largest IV spike — 21.2% change
2023-03-10: Highest IV Rank — 60.8%
2023-03-13: Largest Expected Move — 44.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$1.53	$1.19	$1.73	$1.29	$1.73
Max Pain	$1.93	$1.50	$2.00	$2.00	$1.50
ATM IV	128.1%	107.9%	152.4%	130.4%	133.0%
Expected Move	36.4%	30.9%	44.3%	36.7%	36.4%
HV 20d	133.9%	109.5%	154.1%	122.9%	136.1%
HV 60d	121.9%	114.8%	126.0%	118.5%	125.8%
IV Rank	40.5%	23.8%	60.8%	42.5%	44.7%
IV Percentile	72.3%	31.7%	96.4%	78.6%	81.0%
Term Structure	-6.2%	-57.4%	36.4%	-3.4%	17.7%
VWIV	126.3%	113.9%	141.8%	123.4%	124.9%
Skew 25d	10.0%	-23.5%	54.4%	-7.6%	-0.5%
Skew 10d	24.6%	-16.5%	105.9%	-10.1%	16.8%
Call IV 25d	121.3%	77.9%	144.1%	136.3%	129.0%
Put IV 25d	131.3%	102.3%	152.5%	128.7%	128.5%
Bid-Ask Spread %	24.83	5.07	50.09	11.75	5.07
Gamma HHI	0.14	0.12	0.17	0.14	0.17
Net GEX	58.6K	27.8K	89.9K	30.5K	89.9K
Net DEX	-3.0M	-6.5M	720.9K	-151.5K	-4.4M
Net VEX	-110.6K	-129.1K	-82.2K	-96.7K	-121.8K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.54	0.29	1.08	0.44	0.60
Total Volume	11,524.087	4,669	41,233	15,508	13,450
Total OI	338,362.174	312,257	351,439	345,408	345,252

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Vol	Put Vol	Call OI	Put OI
2023-03-01	$1.29	$2.00	130.4%	36.7%	122.9%	42.5%	123.4%	-7.6%	-3.4%	30.5K	-151.5K	-96.7K	0.44	11.75	10,795	4,713	243,554	101,854
2023-03-02	$1.40	$2.00	121.7%	39.0%	120.5%	35.3%	135.6%	-0.6%	-5.5%	42.1K	-1.1M	-104.5K	0.39	19.23	6,863	2,706	249,316	99,924
2023-03-03	$1.52	$2.00	121.6%	34.8%	111.3%	35.2%	129.7%	-5.7%	-9.6%	49.4K	-2.8M	-116.3K	0.36	18.79	6,124	2,235	250,970	100,469
2023-03-06	$1.48	$2.00	134.4%	40.8%	110.4%	45.8%	122.1%	-23.5%	-20.9%	55.6K	-2.5M	-112.6K	0.58	23.04	9,322	5,444	242,050	93,042
2023-03-07	$1.46	$2.00	127.9%	38.3%	109.5%	40.4%	119.8%	5.7%	-3.1%	54.6K	-2.4M	-107.3K	0.40	20.27	5,430	2,156	245,732	93,353
2023-03-08	$1.56	$2.00	125.9%	33.9%	114.2%	38.8%	119.3%	54.4%	36.4%	62.0K	-3.2M	-113.1K	0.43	21.23	3,257	1,412	245,472	94,346
2023-03-09	$1.38	$2.00	125.8%	34.6%	119.4%	38.6%	113.9%	40.7%	-8.7%	41.7K	-1.1M	-99.5K	1.08	29.18	4,696	5,062	245,809	94,740
2023-03-10	$1.19	$2.00	152.4%	42.9%	125.9%	60.8%	132.5%	-10.4%	-57.4%	27.8K	720.9K	-82.2K	0.72	25.00	6,672	4,804	246,411	98,485
2023-03-13	$1.35	$2.00	131.6%	44.3%	136.1%	43.5%	141.8%	-1.3%	31.9%	41.6K	-1.4M	-100.1K	0.49	40.14	6,526	3,211	242,320	92,713
2023-03-14	$1.38	$2.00	124.1%	31.7%	136.1%	37.2%	125.1%	6.2%	-25.2%	51.0K	-1.8M	-99.6K	0.55	10.73	7,200	3,960	246,095	92,611
2023-03-15	$1.63	$2.00	137.7%	37.3%	146.4%	48.5%	134.3%	32.8%	-1.2%	74.3K	-4.5M	-118.5K	0.51	18.76	12,580	6,407	248,007	94,709
2023-03-16	$1.67	$2.00	135.3%	32.5%	143.6%	46.6%	113.9%	44.5%	-27.7%	75.5K	-4.7M	-118.7K	0.50	29.18	5,727	2,884	250,172	95,883
2023-03-17	$1.65	$2.00	132.0%	35.9%	141.9%	43.8%	128.1%	44.4%	-7.5%	65.9K	-4.6M	-117.0K	0.30	22.97	5,441	1,656	251,197	96,439
2023-03-20	$1.50	$2.00	121.4%	33.8%	143.4%	35.0%	119.0%	14.3%	5.9%	59.5K	-3.3M	-105.5K	0.43	50.09	6,441	2,746	230,046	82,211
2023-03-21	$1.69	$2.00	120.4%	34.7%	149.5%	34.1%	120.1%	16.4%	9.0%	70.5K	-5.6M	-118.4K	0.29	41.43	10,153	2,988	233,475	83,637
2023-03-22	$1.58	$2.00	122.2%	35.0%	151.0%	35.6%	116.5%	23.6%	-30.4%	80.6K	-4.9M	-115.3K	0.65	30.71	6,580	4,295	236,712	85,468
2023-03-23	$1.71	$2.00	137.1%	39.2%	154.1%	48.1%	136.7%	9.2%	22.5%	74.0K	-6.5M	-121.1K	0.64	42.16	25,113	16,120	237,032	86,937
2023-03-24	$1.67	$2.00	136.5%	39.2%	146.4%	47.5%	133.9%	1.8%	-35.4%	65.7K	-5.3M	-129.1K	0.54	36.31	4,831	2,619	246,355	99,974
2023-03-27	$1.63	$2.00	130.8%	38.2%	139.7%	42.8%	136.0%	-1.0%	-20.4%	61.0K	-3.7M	-118.4K	0.57	26.83	6,321	3,600	239,333	95,465
2023-03-28	$1.48	$2.00	115.6%	31.6%	144.4%	30.2%	123.4%	-6.5%	-23.5%	47.7K	-1.7M	-103.8K	0.67	17.93	6,025	4,029	241,071	97,567
2023-03-29	$1.58	$1.50	107.9%	34.7%	139.8%	23.8%	123.6%	-7.9%	14.8%	63.5K	-2.0M	-107.1K	0.65	16.12	3,482	2,259	243,524	98,857
2023-03-30	$1.63	$1.50	120.0%	30.9%	137.5%	33.9%	130.8%	0.3%	-1.8%	63.9K	-3.0M	-116.2K	0.64	14.24	4,106	2,613	244,651	99,090
2023-03-31	$1.73	$1.50	133.0%	36.4%	136.1%	44.7%	124.9%	-0.5%	17.7%	89.9K	-4.4M	-121.8K	0.60	5.07	8,422	5,028	246,151	99,101