OPEN Options History — October 2023

In October 2023, OPEN traded between $1.90 and $2.69. ATM implied volatility averaged 113.2%, placing in the 25.4% IV rank vs the trailing year. The 30-day expected move averaged 33.3%. IV traded above realized volatility by 23.1% (HV 20d: 90.1%). Max pain ranged from $3.00 to $3.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 5 of 22 days. Put/call ratio averaged 0.68.

Notable Days

  • 2023-10-31: Highest Volume — 20,920 contracts
  • 2023-10-05: Largest IV spike — 16.2% change
  • 2023-10-31: Highest IV Rank — 39.0%
  • 2023-10-31: Largest Expected Move — 44.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.36$1.90$2.69$2.65$1.90
Max Pain$3.02$3.00$3.50$3.50$3.00
ATM IV113.2%96.7%129.0%96.7%129.0%
Expected Move33.3%28.0%44.1%28.0%44.1%
HV 20d90.1%75.9%102.7%75.9%79.2%
HV 60d97.9%72.8%103.7%101.8%74.9%
IV Rank25.4%11.1%39.0%11.1%39.0%
IV Percentile32.1%13.5%72.6%13.5%72.6%
Term Structure-1.9%-6.9%9.3%3.9%-3.8%
VWIV115.0%96.7%152.4%96.7%152.4%
Skew 25d5.6%0.5%12.6%5.2%10.3%
Skew 10d6.9%-19.0%37.1%-4.4%-17.6%
Call IV 25d111.6%95.4%126.2%96.0%126.2%
Put IV 25d117.2%100.6%136.5%101.2%136.5%
Bid-Ask Spread %6.313.6416.436.085.54
Gamma HHI0.170.160.180.170.16
Net GEX127.3K74.7K199.1K172.5K74.7K
Net DEX-12.5M-18.4M-6.2M-17.6M-6.2M
Net VEX-200.7K-228.1K-162.8K-228.1K-162.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.680.085.410.380.29
Total Volume8,454.2732,94420,9207,35320,920
Total OI459,168.5445,897477,611449,389454,359

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-10-02$2.65$3.5096.7%28.0%75.9%11.1%96.7%5.2%3.9%172.5K-17.6M-228.1K0.386.085,3282,025324,908124,481
2023-10-03$2.40$3.00101.7%29.1%81.0%15.5%104.1%7.6%5.1%125.4K-12.2M-206.5K0.794.894,8193,828327,796125,465
2023-10-04$2.67$3.0098.6%28.6%93.2%12.8%97.9%5.1%9.3%194.4K-18.0M-226.4K0.207.4112,9132,540329,853126,998
2023-10-05$2.65$3.00114.5%31.5%92.7%26.6%110.6%5.4%-3.4%199.1K-17.7M-224.0K0.288.462,802774337,298127,764
2023-10-06$2.58$3.00114.7%31.7%92.5%26.7%110.9%4.5%0.9%159.3K-16.2M-214.8K0.406.124,4221,749338,304128,093
2023-10-09$2.45$3.00116.3%32.6%93.3%28.1%116.1%5.4%-2.7%129.8K-12.9M-205.7K0.336.746,9782,326329,466125,157
2023-10-10$2.67$3.00116.5%32.6%100.7%28.2%108.5%2.8%-2.4%171.4K-18.0M-221.1K0.617.297,9334,865333,098125,876
2023-10-11$2.69$3.00114.7%32.4%100.5%26.7%112.9%4.1%-3.1%196.4K-18.4M-224.0K0.587.153,4541,988335,162128,195
2023-10-12$2.50$3.00115.1%31.5%102.7%27.1%110.9%1.8%-5.8%144.0K-13.9M-207.7K0.686.192,9492,002335,935128,825
2023-10-13$2.41$3.00115.7%32.9%99.8%27.6%115.6%1.9%0.9%111.1K-11.2M-200.7K0.565.296,0323,399336,746129,225
2023-10-16$2.44$3.00114.6%32.5%100.0%26.6%114.6%3.4%-6.0%112.5K-12.2M-198.9K0.445.894,8252,107330,093124,547
2023-10-17$2.46$3.00113.7%32.4%100.2%25.8%110.3%4.5%-6.9%130.2K-13.2M-202.5K0.085.9417,3241,343332,960124,433
2023-10-18$2.26$3.00115.7%33.2%101.3%27.5%113.8%7.0%-3.8%124.3K-11.1M-197.7K0.894.804,0993,653348,881124,790
2023-10-19$2.25$3.00118.9%34.4%87.2%30.4%109.8%5.5%-4.6%123.6K-11.4M-199.2K0.213.645,0661,039349,816125,900
2023-10-20$2.19$3.00116.3%33.9%87.5%28.1%117.2%7.1%-6.6%108.8K-9.8M-194.7K0.4116.434,5911,895351,073126,538
2023-10-23$2.13$3.00114.5%34.2%87.0%26.6%118.9%7.9%-0.4%88.0K-9.6M-184.5K0.776.303,8752,983327,003118,894
2023-10-24$2.20$3.00115.5%34.4%87.0%27.4%113.0%4.8%-5.5%105.5K-10.8M-190.2K0.405.524,4151,758328,939120,492
2023-10-25$2.12$3.00113.4%37.1%80.4%25.6%128.2%8.5%-2.1%82.3K-9.1M-182.2K5.414.501,1806,382331,519121,597
2023-10-26$2.13$3.00112.4%33.6%80.2%24.7%119.5%6.1%-0.8%78.9K-8.7M-186.5K0.375.092,336854331,667126,577
2023-10-27$2.08$3.00111.1%34.2%79.8%23.6%118.0%0.5%-2.9%81.7K-8.3M-177.6K0.764.971,6701,274332,479121,921
2023-10-30$2.09$3.00111.7%38.8%79.7%24.1%129.3%12.6%-0.5%87.5K-8.5M-179.3K0.134.518,2081,071328,812119,772
2023-10-31$1.90$3.00129.0%44.1%79.2%39.0%152.4%10.3%-3.8%74.7K-6.2M-162.8K0.295.5416,1784,742334,188120,171