OPEN Options History — November 2023

In November 2023, OPEN traded between $1.90 and $3.01. ATM implied volatility averaged 96.4%, placing in the 10.9% IV rank vs the trailing year. The 30-day expected move averaged 27.7%. IV traded above realized volatility by 9.0% (HV 20d: 87.4%). Max pain ranged from $2.00 to $3.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.51.

Notable Days

  • 2023-11-03: Highest Volume — 28,691 contracts
  • 2023-11-03: Largest IV drop — 18.6% change
  • 2023-11-02: Highest IV Rank — 35.0%
  • 2023-11-01: Largest Expected Move — 43.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.36$1.90$3.01$1.90$3.01
Max Pain$2.05$2.00$3.00$3.00$2.00
ATM IV96.4%84.4%124.3%122.8%88.2%
Expected Move27.7%25.2%43.6%43.6%26.5%
HV 20d87.4%66.0%96.8%66.0%87.4%
HV 60d83.4%74.0%87.3%74.0%87.0%
IV Rank10.9%0.6%35.0%33.7%3.8%
IV Percentile15.1%0.4%61.5%57.9%5.2%
Term Structure-1.0%-10.0%5.0%2.5%-2.0%
VWIV97.0%71.9%154.9%154.9%94.8%
Skew 25d5.8%-2.7%22.8%11.5%1.3%
Skew 10d8.9%-16.8%46.5%31.8%6.1%
Call IV 25d95.3%70.2%124.5%124.5%88.2%
Put IV 25d101.1%88.4%135.9%135.9%89.5%
Bid-Ask Spread %16.254.0642.636.665.09
Gamma HHI0.190.160.260.170.26
Net GEX192.5K68.9K473.5K90.1K473.5K
Net DEX-16.4M-36.1M-6.5M-6.5M-36.1M
Net VEX-190.5K-239.6K-161.4K-161.4K-238.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.122.780.400.36
Total Volume14,301.194,63128,69110,7547,669
Total OI461,441.857436,466486,595469,304474,791

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2023-11-01$1.90$3.00122.8%43.6%66.0%33.7%154.9%11.5%2.5%90.1K-6.5M-161.4K0.406.667,6853,069346,118123,186
2023-11-02$2.17$2.00124.3%33.6%84.8%35.0%117.4%8.8%-5.4%157.3K-14.0M-192.3K0.466.9517,2047,853351,046125,055
2023-11-03$2.10$2.00101.1%27.1%85.0%15.0%98.8%2.1%-2.6%90.1K-11.7M-181.4K0.4417.6319,9638,728357,089129,506
2023-11-06$2.00$2.00100.5%28.7%84.8%14.4%100.4%5.7%1.0%68.9K-6.7M-165.8K0.396.4711,1714,396334,532120,877
2023-11-07$2.09$2.0099.7%27.5%79.7%13.8%98.6%5.2%-3.9%102.6K-9.8M-179.0K0.376.225,8342,153340,883121,128
2023-11-08$2.13$2.0097.7%26.6%80.2%12.0%93.0%5.3%-3.3%107.9K-10.0M-175.4K2.785.713,5499,882343,896121,893
2023-11-09$2.00$2.0097.9%25.9%79.2%12.2%92.3%8.1%-10.0%74.0K-7.4M-167.8K1.134.065,7536,515345,104122,195
2023-11-10$2.08$2.0093.0%25.9%80.5%8.0%91.5%9.1%-4.2%89.6K-8.5M-169.0K0.535.564,0502,139347,420119,924
2023-11-13$2.01$2.0091.8%26.1%80.7%6.9%92.1%3.0%5.0%76.3K-7.3M-162.8K0.396.944,4291,718342,293116,488
2023-11-14$2.27$2.0095.8%27.5%93.1%10.4%95.2%2.5%2.0%128.2K-12.8M-184.4K0.1215.4723,6492,879344,109115,426
2023-11-15$2.45$2.0093.8%26.9%92.1%8.7%94.6%4.8%-4.7%223.6K-18.2M-194.1K0.1824.7222,4044,006356,281116,330
2023-11-16$2.38$2.0093.0%26.4%92.8%8.0%95.0%5.8%5.0%248.2K-15.9M-191.0K0.5728.543,3791,923356,938118,271
2023-11-17$2.46$2.0094.0%26.5%92.7%8.9%91.0%9.8%5.0%192.9K-16.7M-194.6K0.2230.939,2322,015357,652119,179
2023-11-20$2.49$2.0094.9%26.8%91.9%9.6%93.0%7.0%-1.9%209.8K-19.5M-198.1K0.4732.1510,1294,722330,815105,651
2023-11-21$2.35$2.0094.5%25.8%94.3%9.3%94.3%2.2%-3.3%172.8K-16.9M-190.1K0.5335.083,0311,600335,646108,379
2023-11-22$2.45$2.0093.0%25.2%93.9%8.0%91.7%-2.7%-0.5%211.6K-17.6M-191.6K0.1942.634,092770336,719109,285
2023-11-24$2.60$2.0084.4%25.9%95.7%0.6%71.9%22.8%4.1%248.6K-20.8M-197.3K0.6022.176,5943,938337,745109,137
2023-11-27$2.75$2.0089.5%27.0%96.2%5.0%88.0%3.8%-0.2%300.2K-24.4M-210.0K0.3217.9611,2183,621331,417108,822
2023-11-28$2.88$2.0085.1%26.4%96.8%1.2%92.8%6.8%-1.9%331.3K-27.8M-217.1K0.1614.8619,5703,075331,768110,209
2023-11-29$2.99$2.0089.4%26.7%87.6%4.8%94.8%-0.4%-2.8%444.7K-34.8M-239.6K0.175.5421,0993,619357,120109,956
2023-11-30$3.01$2.0088.2%26.5%87.4%3.8%94.8%1.3%-2.0%473.5K-36.1M-238.6K0.365.095,6592,010362,928111,863