OPEN Options History — July 2023

In July 2023, OPEN traded between $3.83 and $5.06. ATM implied volatility averaged 123.3%, placing in the 36.5% IV rank vs the trailing year. The 30-day expected move averaged 34.7%. IV traded above realized volatility by 17.7% (HV 20d: 105.5%). 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 0 of 20 days. Put/call ratio averaged 0.54.

Notable Days

  • 2023-07-12: Highest Volume — 61,681 contracts
  • 2023-07-28: Largest IV spike — 4.1% change
  • 2023-07-05: Highest IV Rank — 41.4%
  • 2023-07-31: Largest Expected Move — 37.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.35$3.83$5.06$4.33$5.06
Max Pain$2.10$2.00$3.00$3.00$2.00
ATM IV123.3%114.1%129.1%124.6%119.2%
Expected Move34.7%30.7%37.4%30.7%37.4%
HV 20d105.5%86.3%115.2%100.4%99.7%
HV 60d113.7%111.9%116.4%112.1%113.5%
IV Rank36.5%29.0%41.4%37.6%33.2%
IV Percentile56.3%30.2%70.6%63.1%45.2%
Term Structure-4.4%-14.8%-0.8%-6.5%-5.4%
VWIV122.9%109.1%131.2%109.1%131.2%
Skew 25d-1.3%-13.6%2.4%-1.7%1.9%
Skew 10d1.1%-25.3%10.8%-0.7%6.7%
Call IV 25d127.1%118.8%137.9%131.6%118.8%
Put IV 25d125.8%118.1%131.8%129.9%120.7%
Bid-Ask Spread %5.323.496.515.453.88
Gamma HHI0.130.110.180.110.14
Net GEX373.4K230.0K545.2K358.8K497.7K
Net DEX-51.4M-71.0M-36.8M-51.8M-64.9M
Net VEX-246.9K-267.1K-229.2K-250.1K-261.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.192.320.660.26
Total Volume27,541.458,90761,68129,09238,309
Total OI398,945.1371,835429,045376,748371,835

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-07-03$4.33$3.00124.6%30.7%100.4%37.6%109.1%-1.7%-6.5%358.8K-51.8M-250.1K0.665.4517,50511,587246,929129,819
2023-07-05$4.06$3.00129.1%31.2%102.9%41.4%111.8%-2.8%-14.8%314.3K-44.5M-243.9K0.925.6111,01110,075254,304135,307
2023-07-06$3.83$2.00127.6%33.8%107.1%40.2%120.2%-13.6%-1.4%230.0K-36.8M-231.6K0.345.0315,5945,289257,406140,586
2023-07-07$3.87$2.00124.5%32.9%103.8%37.6%118.5%-3.2%-5.8%254.2K-36.9M-234.0K0.366.5111,5214,117262,536142,624
2023-07-10$4.08$2.00126.3%34.2%103.5%39.0%119.9%1.4%-6.2%302.4K-43.8M-235.4K0.565.6515,3188,574249,003131,880
2023-07-11$4.44$2.00126.2%34.8%103.2%39.0%119.9%-2.6%-3.1%443.5K-55.1M-247.6K0.714.5621,79815,501257,600135,411
2023-07-12$4.92$2.00126.3%34.6%105.4%39.1%124.5%-0.0%-6.0%526.3K-71.0M-267.1K0.705.1336,36325,318265,707144,265
2023-07-13$4.83$2.00128.0%35.4%101.5%40.4%124.9%-0.3%-5.9%545.2K-69.5M-265.9K0.616.4730,67418,700272,245149,016
2023-07-14$4.39$2.00126.6%35.3%110.1%39.3%123.9%0.8%-4.8%343.8K-54.7M-256.1K0.315.4325,6347,964279,521139,745
2023-07-17$4.33$2.00124.6%35.2%110.8%37.7%123.1%-1.4%-4.2%338.3K-49.5M-248.1K0.254.1613,8323,495266,638133,958
2023-07-18$4.38$2.00125.8%35.8%110.6%38.7%127.6%-0.9%-2.3%371.8K-51.7M-249.2K0.195.2214,4222,726271,123135,730
2023-07-19$4.22$2.00123.4%35.4%112.3%36.6%126.9%0.0%-0.8%345.4K-47.0M-244.4K0.225.5222,2094,990276,172137,803
2023-07-20$4.00$2.00123.3%35.4%115.0%36.5%125.9%-2.1%-2.0%304.7K-40.0M-239.9K0.366.0415,8475,730282,059140,737
2023-07-21$4.13$2.00120.4%34.7%115.2%34.1%123.1%-2.2%-2.1%272.3K-45.1M-244.3K2.326.0710,44224,249286,903142,142
2023-07-24$4.37$2.00118.9%35.1%109.9%32.9%123.7%0.6%-2.2%352.1K-49.5M-246.6K0.395.6615,7306,069262,674112,932
2023-07-25$4.30$2.00119.4%35.9%110.6%33.3%125.4%-1.2%-3.4%404.1K-49.4M-244.0K0.346.369,8133,318271,084115,072
2023-07-26$4.44$2.00117.9%35.0%102.9%32.1%126.1%0.6%-4.6%486.3K-53.0M-246.3K0.485.446,0142,893271,988116,594
2023-07-27$4.22$2.00114.1%35.3%86.3%29.0%124.0%-1.5%-2.1%327.6K-45.8M-229.2K0.254.7917,3684,393273,813118,178
2023-07-28$4.86$2.00118.8%36.3%99.4%32.9%129.1%2.4%-3.7%449.3K-67.3M-253.5K0.633.4922,39114,046277,514120,049
2023-07-31$5.06$2.00119.2%37.4%99.7%33.2%131.2%1.9%-5.4%497.7K-64.9M-261.1K0.263.8830,2938,016259,901111,934