OPEN Options History — August 2023

In August 2023, OPEN traded between $3.19 and $5.28. ATM implied volatility averaged 99.2%, placing in the 16.6% IV rank vs the trailing year. The 30-day expected move averaged 28.0%. IV traded below realized volatility by 30.5% (HV 20d: 129.7%). Max pain ranged from $2.50 to $4.00. Net GEX was positive for 22 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.71.

Notable Days

2023-08-04: Highest Volume — 122,494 contracts
2023-08-04: Largest IV drop — 29.3% change
2023-08-03: Highest IV Rank — 56.5%
2023-08-02: Largest Expected Move — 43.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$3.65	$3.19	$5.28	$5.28	$3.91
Max Pain	$3.76	$2.50	$4.00	$2.50	$3.50
ATM IV	99.2%	86.4%	147.3%	122.6%	90.0%
Expected Move	28.0%	24.1%	43.4%	40.3%	25.2%
HV 20d	129.7%	97.5%	148.6%	97.5%	124.2%
HV 60d	112.5%	99.8%	119.1%	113.5%	110.7%
IV Rank	16.6%	5.9%	56.5%	36.0%	9.0%
IV Percentile	16.6%	2.0%	94.4%	54.4%	4.4%
Term Structure	-2.5%	-14.0%	4.4%	-5.5%	-14.0%
VWIV	100.0%	84.9%	154.3%	141.3%	89.2%
Skew 25d	1.1%	-5.1%	5.1%	-1.6%	1.7%
Skew 10d	-0.2%	-11.9%	7.6%	-1.0%	1.8%
Call IV 25d	101.0%	87.5%	151.8%	124.4%	92.7%
Put IV 25d	102.1%	88.2%	151.8%	122.8%	94.4%
Bid-Ask Spread %	5.04	3.59	7.55	3.96	4.65
Gamma HHI	0.16	0.12	0.35	0.14	0.21
Net GEX	254.0K	-148.5K	562.8K	562.8K	431.3K
Net DEX	-31.1M	-73.2M	-14.6M	-73.2M	-42.5M
Net VEX	-228.7K	-276.0K	-200.2K	-276.0K	-253.0K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.71	0.11	1.99	0.31	1.78
Total Volume	27,437.435	5,553	122,494	29,625	32,823
Total OI	413,811.826	373,828	461,375	388,560	410,673

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
2023-08-01	$5.28	$2.50	122.6%	40.3%	97.5%	36.0%	141.3%	-1.6%	-5.5%	562.8K	-73.2M	-276.0K	0.31	3.96	22,688	6,937	271,195	117,365
2023-08-02	$4.79	$3.00	129.2%	43.4%	101.5%	41.5%	154.3%	-3.0%	-7.7%	458.8K	-58.4M	-264.0K	0.37	4.07	21,276	7,843	278,611	122,041
2023-08-03	$4.79	$4.00	147.3%	36.9%	98.4%	56.5%	132.7%	-0.0%	-8.0%	446.4K	-60.7M	-273.6K	1.99	7.08	20,342	40,459	285,830	124,302
2023-08-04	$3.54	$4.00	104.2%	29.2%	148.6%	20.7%	103.6%	-5.1%	0.1%	37.8K	-15.9M	-206.3K	1.41	4.04	50,854	71,640	300,845	156,597
2023-08-07	$3.44	$4.00	102.1%	27.3%	147.3%	19.0%	99.3%	2.9%	-6.7%	-148.5K	-14.6M	-200.2K	1.13	4.61	36,900	41,689	272,583	154,341
2023-08-08	$3.60	$4.00	106.1%	29.0%	144.6%	22.3%	102.5%	2.7%	-5.3%	144.6K	-27.3M	-226.2K	0.14	5.04	33,491	4,715	290,468	136,551
2023-08-09	$3.46	$4.00	102.8%	28.2%	138.5%	19.6%	104.0%	1.9%	-4.2%	166.8K	-25.9M	-231.9K	0.58	7.55	6,947	4,003	313,202	138,767
2023-08-10	$3.45	$4.00	98.6%	27.1%	138.6%	16.0%	105.0%	0.3%	-5.2%	151.8K	-25.5M	-231.4K	0.26	5.21	17,817	4,711	312,450	139,572
2023-08-11	$3.42	$4.00	96.3%	26.9%	135.5%	14.2%	97.1%	4.7%	-2.8%	222.4K	-24.2M	-229.1K	0.56	4.51	9,370	5,236	321,564	139,811
2023-08-14	$3.48	$4.00	92.3%	26.2%	135.9%	10.8%	94.5%	5.1%	4.4%	229.0K	-28.5M	-227.2K	0.98	5.85	8,306	8,171	295,405	125,203
2023-08-15	$3.34	$4.00	94.2%	27.0%	136.0%	12.4%	94.7%	-2.3%	2.2%	225.9K	-25.6M	-221.4K	0.45	4.92	3,835	1,718	298,868	126,515
2023-08-16	$3.33	$4.00	93.0%	26.7%	135.8%	11.4%	93.5%	1.1%	1.7%	215.8K	-24.6M	-216.0K	1.68	6.07	6,113	10,259	300,492	126,471
2023-08-17	$3.25	$4.00	95.3%	27.2%	135.0%	13.3%	92.7%	3.3%	0.9%	201.1K	-22.7M	-211.8K	1.16	6.02	7,173	8,335	302,388	127,531
2023-08-18	$3.21	$4.00	92.3%	26.2%	134.1%	10.9%	92.6%	0.9%	1.8%	197.7K	-21.2M	-213.2K	0.28	4.18	10,774	3,061	302,652	132,823
2023-08-21	$3.29	$4.00	91.9%	25.3%	132.3%	10.5%	91.6%	3.3%	-3.1%	212.6K	-22.5M	-213.8K	0.37	4.64	8,555	3,196	264,178	109,650
2023-08-22	$3.19	$4.00	89.8%	24.3%	132.5%	8.8%	88.5%	2.8%	2.3%	219.3K	-21.1M	-204.5K	0.27	3.77	5,135	1,396	269,003	111,215
2023-08-23	$3.41	$3.50	90.6%	25.8%	134.7%	9.4%	89.9%	0.4%	1.2%	317.0K	-25.9M	-215.8K	0.40	6.77	14,188	5,647	271,985	111,812
2023-08-24	$3.24	$3.50	91.4%	25.5%	134.7%	10.1%	87.2%	1.3%	-10.7%	241.5K	-21.8M	-210.0K	0.11	4.26	15,857	1,781	272,759	114,068
2023-08-25	$3.42	$4.00	88.5%	24.2%	124.6%	7.6%	86.6%	-0.1%	-0.8%	241.4K	-26.4M	-224.3K	0.29	4.71	11,309	3,258	284,005	114,321
2023-08-28	$3.51	$3.50	88.0%	24.3%	123.8%	7.3%	86.6%	4.4%	0.9%	293.6K	-29.2M	-225.5K	0.39	4.38	7,265	2,809	272,379	110,701
2023-08-29	$3.71	$3.50	89.0%	24.6%	124.7%	8.1%	87.9%	-0.1%	0.8%	353.6K	-35.2M	-235.8K	0.80	3.59	12,390	9,930	275,343	112,171
2023-08-30	$3.96	$3.50	86.4%	24.1%	124.3%	5.9%	84.9%	0.7%	-0.0%	418.2K	-42.7M	-248.8K	0.53	5.96	13,603	7,256	281,612	117,354
2023-08-31	$3.91	$3.50	90.0%	25.2%	124.2%	9.0%	89.2%	1.7%	-14.0%	431.3K	-42.5M	-253.0K	1.78	4.65	11,827	20,996	288,496	122,177