OPEN Options History — April 2023

In April 2023, OPEN traded between $1.27 and $1.85. ATM implied volatility averaged 132.7%, placing in the 44.3% IV rank vs the trailing year. The 30-day expected move averaged 37.5%. IV traded above realized volatility by 24.8% (HV 20d: 107.8%). 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 4 of 19 days. Put/call ratio averaged 0.52.

Notable Days

  • 2023-04-20: Highest Volume — 21,533 contracts
  • 2023-04-20: Largest IV spike — 24.1% change
  • 2023-04-20: Highest IV Rank — 64.5%
  • 2023-04-20: Largest Expected Move — 46.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.60$1.27$1.85$1.85$1.38
Max Pain$2.00$2.00$2.00$2.00$2.00
ATM IV132.7%121.6%156.9%127.3%134.8%
Expected Move37.5%33.5%46.2%37.1%41.3%
HV 20d107.8%85.3%141.9%137.1%90.5%
HV 60d123.2%117.9%128.7%126.2%117.9%
IV Rank44.3%35.1%64.5%39.9%46.1%
IV Percentile76.7%56.3%97.2%71.0%81.3%
Term Structure-6.0%-27.1%8.6%-2.9%-2.3%
VWIV133.5%116.9%155.4%130.0%151.8%
Skew 25d2.9%-13.0%19.8%4.9%6.0%
Skew 10d7.0%-46.1%53.8%8.7%53.8%
Call IV 25d137.0%124.2%162.1%132.1%140.7%
Put IV 25d139.9%123.3%159.1%137.0%146.7%
Bid-Ask Spread %5.893.7610.126.283.86
Gamma HHI0.170.130.200.190.20
Net GEX68.9K24.1K106.7K106.7K67.3K
Net DEX-3.8M-6.9M-1.4M-6.9M-2.5M
Net VEX-111.2K-130.6K-90.2K-127.4K-101.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.161.210.520.46
Total Volume9,182.5794,41721,5339,0447,872
Total OI344,444.632327,787376,662327,787376,662

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-04-03$1.85$2.00127.3%37.1%137.1%39.9%130.0%4.9%-2.9%106.7K-6.9M-127.4K0.526.285,9483,096239,54788,240
2023-04-04$1.77$2.00126.7%36.1%138.3%39.4%125.0%-3.6%2.3%87.3K-5.6M-121.6K0.556.922,8481,569240,91490,303
2023-04-05$1.60$2.00126.8%38.3%141.9%39.5%134.4%-1.3%8.6%62.9K-3.8M-113.9K0.704.593,9872,784241,37790,777
2023-04-06$1.69$2.00134.1%34.3%135.2%45.6%122.1%6.7%-3.5%78.5K-4.9M-119.2K1.214.784,2355,114242,47091,865
2023-04-10$1.67$2.00139.5%35.6%122.0%50.0%128.8%5.3%-10.5%74.6K-3.9M-113.5K0.573.764,0552,294239,89991,594
2023-04-11$1.81$2.00131.5%34.0%117.6%43.4%121.3%2.1%-15.6%90.3K-5.6M-122.5K0.275.636,0301,630241,26593,294
2023-04-12$1.81$2.00129.6%34.1%117.7%41.8%125.4%0.5%-11.5%92.7K-5.6M-124.9K0.525.005,2802,747242,83994,096
2023-04-13$1.83$2.00129.5%34.4%102.9%41.7%124.0%0.3%-11.3%102.6K-6.5M-130.6K0.884.685,3634,720243,95794,703
2023-04-14$1.71$2.00126.9%33.5%105.8%39.6%116.9%-2.1%-14.8%79.0K-4.1M-116.7K0.685.835,6653,824245,72297,042
2023-04-17$1.73$2.00121.6%34.0%105.8%35.2%118.6%14.2%4.3%80.0K-4.0M-113.7K0.666.274,1012,723239,25692,881
2023-04-18$1.67$2.00121.6%34.2%100.4%35.1%119.3%19.8%3.8%63.0K-3.1M-108.9K0.698.656,6884,628240,90294,309
2023-04-19$1.58$2.00126.5%36.3%93.0%39.2%127.1%11.4%-3.9%39.7K-2.7M-106.9K0.535.144,3782,309243,79395,395
2023-04-20$1.50$2.00156.9%46.2%91.8%64.5%155.4%-2.9%-27.1%24.1K-2.4M-103.9K0.254.8317,1974,336247,90295,400
2023-04-21$1.54$2.00141.2%41.3%87.4%51.4%144.9%10.4%-8.2%63.5K-4.2M-109.5K0.304.259,3482,791261,28295,792
2023-04-24$1.40$2.00132.4%37.5%92.9%44.2%145.3%6.4%-2.1%45.5K-2.3M-100.0K0.407.0012,3864,898253,10888,003
2023-04-25$1.33$2.00135.3%39.9%94.0%46.5%152.1%0.9%-5.8%53.5K-1.8M-96.2K0.3910.125,1061,999276,92090,663
2023-04-26$1.27$2.00139.0%42.3%89.4%49.6%143.9%-11.4%-4.8%48.4K-1.5M-92.8K0.167.623,889621279,01191,034
2023-04-27$1.27$2.00139.3%41.3%85.3%49.9%149.9%-13.0%-9.6%49.8K-1.4M-90.2K0.186.696,7691,241281,39190,840
2023-04-28$1.38$2.00134.8%41.3%90.5%46.1%151.8%6.0%-2.3%67.3K-2.5M-101.0K0.463.865,3932,479285,89090,772