OPEN Options History — May 2023

In May 2023, OPEN traded between $1.35 and $2.60. ATM implied volatility averaged 118.9%, placing in the 32.9% IV rank vs the trailing year. The 30-day expected move averaged 34.2%. IV traded below realized volatility by 10.9% (HV 20d: 129.8%). Max pain ranged from $1.00 to $2.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 7 of 22 days. Put/call ratio averaged 0.51.

Notable Days

  • 2023-05-10: Highest Volume — 85,441 contracts
  • 2023-05-05: Largest IV drop — 13.8% change
  • 2023-05-01: Highest IV Rank — 48.4%
  • 2023-05-03: Largest Expected Move — 46.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.10$1.35$2.60$1.46$2.60
Max Pain$1.82$1.00$2.00$2.00$2.00
ATM IV118.9%103.0%137.6%137.6%120.3%
Expected Move34.2%29.4%46.2%39.4%36.6%
HV 20d129.8%82.1%147.1%90.2%135.2%
HV 60d125.9%114.3%131.6%114.6%124.5%
IV Rank32.9%19.7%48.4%48.4%34.1%
IV Percentile49.5%20.2%84.9%84.9%54.0%
Term Structure-3.9%-20.9%6.3%-4.7%-20.9%
VWIV122.2%103.1%170.8%152.4%131.7%
Skew 25d2.7%-6.2%12.5%7.5%6.9%
Skew 10d13.2%-14.5%51.4%10.2%8.4%
Call IV 25d120.6%108.4%141.0%135.4%118.6%
Put IV 25d123.2%109.4%142.9%142.9%125.5%
Bid-Ask Spread %9.473.9721.593.974.80
Gamma HHI0.190.140.290.210.20
Net GEX138.8K67.0K204.4K79.9K164.5K
Net DEX-11.9M-19.1M-2.6M-3.8M-17.6M
Net VEX-146.1K-183.2K-96.4K-102.1K-182.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.152.940.310.34
Total Volume19,887.1363,58385,44111,49214,631
Total OI364,837.818305,592392,142372,640355,865

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-05-01$1.46$2.00137.6%39.4%90.2%48.4%152.4%7.5%-4.7%79.9K-3.8M-102.1K0.313.978,7622,730284,28488,356
2023-05-02$1.35$2.00135.6%44.8%88.8%46.8%158.0%6.8%-4.6%67.0K-2.6M-96.4K0.224.174,8181,059289,91690,144
2023-05-03$1.35$2.00136.0%46.2%88.3%47.1%170.8%-6.2%1.6%69.4K-2.8M-97.7K0.446.156,3172,753292,28890,167
2023-05-04$1.35$1.00136.0%39.4%82.1%47.1%128.5%7.9%-1.1%70.0K-3.0M-96.8K0.2611.608,3502,161293,48891,805
2023-05-05$1.79$1.00117.3%29.9%130.6%31.6%104.4%2.4%3.6%137.0K-9.0M-127.0K0.1521.5946,0817,012299,43192,711
2023-05-08$2.04$1.00118.8%33.1%138.1%32.8%118.4%6.9%0.9%165.1K-11.9M-147.5K0.379.2230,39511,113275,66485,291
2023-05-09$2.15$1.00122.9%33.6%136.5%36.2%118.4%12.5%-3.8%186.1K-13.9M-155.4K0.4911.0613,7516,716280,09991,900
2023-05-10$2.12$2.00121.5%32.4%136.8%35.1%119.5%10.4%-8.2%183.6K-12.9M-152.7K0.796.3147,81037,631281,12394,818
2023-05-11$2.13$2.00119.5%31.8%136.8%33.4%113.7%0.2%-12.8%158.4K-13.1M-139.5K0.409.1210,6344,286271,17295,577
2023-05-12$1.92$2.00118.3%32.0%139.9%32.5%111.7%-5.7%-10.0%133.3K-7.8M-128.0K0.707.329,8416,882272,81497,719
2023-05-15$2.06$2.00107.6%31.1%141.8%23.5%111.2%0.0%6.3%162.6K-10.9M-141.1K0.4414.577,9343,470267,19790,858
2023-05-16$2.04$2.00103.0%29.4%141.0%19.7%103.1%0.9%5.1%184.4K-10.1M-133.9K0.4612.065,1032,331269,93691,498
2023-05-17$2.37$2.00105.9%30.4%147.1%22.1%105.0%3.9%0.8%194.7K-18.4M-161.3K0.2416.3418,6254,396271,82992,385
2023-05-18$2.42$2.00103.3%30.0%144.6%20.0%109.0%4.2%-20.3%204.4K-19.1M-157.2K0.319.8915,1564,710275,05094,193
2023-05-19$2.40$2.00108.7%30.9%145.1%24.5%109.9%-2.8%2.5%136.0K-17.6M-154.0K0.327.877,8242,495276,21196,223
2023-05-22$2.54$2.00115.8%32.0%138.6%30.4%116.2%-2.3%-2.5%157.1K-17.6M-166.7K2.948.209,40127,629226,10079,492
2023-05-23$2.45$2.00119.5%34.0%137.6%33.4%121.3%-0.7%-3.6%125.8K-14.3M-177.1K0.298.349,2902,677234,513109,239
2023-05-24$2.56$2.00116.8%35.1%134.6%31.1%123.0%3.0%-3.2%157.1K-16.7M-183.2K0.949.671,8471,736243,798112,420
2023-05-25$2.33$2.00115.5%32.8%141.8%30.1%117.0%2.8%-5.4%94.1K-11.6M-171.3K0.4512.347,9143,577246,749115,733
2023-05-26$2.34$2.00117.8%33.7%140.7%32.0%121.5%-4.1%-6.2%100.5K-12.0M-167.8K0.188.887,0801,302250,540117,250
2023-05-30$2.46$2.00118.7%34.6%140.5%32.8%124.5%4.0%-0.1%123.1K-14.2M-175.9K0.214.907,6781,609240,725109,861
2023-05-31$2.60$2.00120.3%36.6%135.2%34.1%131.7%6.9%-20.9%164.5K-17.6M-182.4K0.344.8010,9493,682244,899110,966