OPEN Options History — January 2024

In January 2024, OPEN traded between $3.02 and $4.24. ATM implied volatility averaged 100.9%, placing in the 19.2% IV rank vs the trailing year. The 30-day expected move averaged 30.5%. IV traded above realized volatility by 1.4% (HV 20d: 99.5%). Max pain ranged from $2.50 to $3.50. Net GEX was positive for 20 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.84.

Notable Days

  • 2024-01-11: Highest Volume — 46,428 contracts
  • 2024-01-16: Largest IV spike — 22.6% change
  • 2024-01-22: Highest IV Rank — 34.5%
  • 2024-01-31: Largest Expected Move — 37.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.54$3.02$4.24$4.24$3.42
Max Pain$3.12$2.50$3.50$3.00$3.50
ATM IV100.9%83.8%113.5%90.3%112.9%
Expected Move30.5%24.7%37.5%25.3%37.5%
HV 20d99.5%84.4%119.3%103.9%96.1%
HV 60d95.0%91.2%98.1%91.6%95.2%
IV Rank19.2%0.0%34.5%5.7%33.8%
IV Percentile29.6%0.4%48.4%12.3%48.4%
Term Structure1.9%-7.3%11.8%-0.2%-4.4%
VWIV108.2%87.0%130.4%92.2%130.4%
Skew 25d2.0%-3.8%11.5%-2.0%3.4%
Skew 10d6.3%-6.9%36.4%-6.5%-6.9%
Call IV 25d102.5%89.0%114.4%93.4%113.0%
Put IV 25d104.4%90.0%118.4%91.5%116.4%
Bid-Ask Spread %18.793.7028.513.7028.51
Gamma HHI0.230.170.320.230.22
Net GEX410.9K-84.2K754.8K754.8K418.8K
Net DEX-41.0M-71.7M-23.8M-71.7M-34.4M
Net VEX-247.7K-286.3K-214.3K-286.3K-240.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.840.125.210.540.12
Total Volume16,316.1435,97746,42817,07611,407
Total OI449,930.476322,411543,644498,373348,114

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-01-02$4.24$3.0090.3%25.3%103.9%5.7%92.2%-2.0%-0.2%754.8K-71.7M-286.3K0.543.7011,0805,996382,698115,675
2024-01-03$4.04$3.0083.8%24.7%105.8%0.0%87.0%0.1%11.1%648.5K-62.0M-276.5K0.6411.837,9255,066384,875120,193
2024-01-04$4.06$2.5088.5%28.0%105.5%4.1%98.7%-0.4%3.4%650.2K-62.9M-274.0K0.8016.495,3874,297386,763121,374
2024-01-05$3.63$3.0089.2%29.4%113.7%4.7%103.0%0.1%-0.3%490.0K-46.2M-256.7K0.8417.747,8406,567388,695124,103
2024-01-08$3.95$3.0086.7%27.5%117.2%2.5%97.5%2.1%11.8%588.5K-57.0M-268.6K0.2415.6613,0823,138382,361117,687
2024-01-09$3.70$3.0089.9%29.0%119.3%5.3%102.3%0.1%10.9%518.7K-49.8M-256.8K0.8015.174,5243,632388,090119,543
2024-01-10$3.66$3.0095.7%29.3%119.2%10.3%102.7%-0.1%5.9%501.0K-47.2M-257.3K4.3317.308,02534,730388,091121,388
2024-01-11$3.58$3.0093.6%29.5%118.6%8.5%108.0%0.6%10.6%27.6K-41.5M-255.5K5.2123.357,47738,951393,029150,615
2024-01-12$3.50$3.0091.7%28.5%99.0%9.2%107.3%-0.5%10.8%-84.2K-40.4M-249.5K0.5817.006,4873,747394,485138,350
2024-01-16$3.21$3.00112.4%32.8%94.5%33.2%110.9%8.2%0.8%295.4K-30.1M-230.3K0.3416.349,9963,373388,150131,802
2024-01-17$3.12$3.00106.8%30.6%86.7%26.7%107.3%11.5%-5.5%323.7K-27.0M-223.8K0.3924.8211,2594,431393,884132,220
2024-01-18$3.02$3.00106.5%30.4%86.7%26.4%107.5%9.3%4.5%433.6K-23.8M-214.3K0.2127.4121,1724,485398,602133,689
2024-01-19$3.15$3.00106.4%30.5%84.4%26.3%106.8%3.6%-0.1%272.1K-29.7M-226.1K0.2116.6712,4532,608394,485134,623
2024-01-22$3.52$3.00113.5%32.6%93.1%34.5%114.5%0.4%-6.2%382.3K-35.3M-245.2K0.3315.9122,7967,626236,31786,094
2024-01-23$3.42$3.00108.8%31.5%92.6%29.0%124.1%1.8%-3.1%391.6K-32.7M-242.0K0.3421.146,2732,115248,94590,680
2024-01-24$3.21$3.50111.6%32.2%85.4%32.2%111.2%2.6%-7.3%310.4K-27.5M-230.7K0.4128.304,2511,726250,12690,900
2024-01-25$3.35$3.50110.2%31.1%86.9%30.6%111.0%-0.6%-7.0%366.2K-30.9M-235.6K0.2322.386,5271,522251,26691,484
2024-01-26$3.34$3.50110.2%31.2%86.5%30.6%108.4%-3.8%-5.0%349.9K-31.2M-234.4K0.5822.626,6473,848253,50492,258
2024-01-29$3.71$3.50108.5%33.6%96.8%28.6%115.6%2.5%-1.5%499.7K-41.5M-250.7K0.1916.2111,2402,127248,27090,073
2024-01-30$3.56$3.50102.2%35.8%97.1%21.4%125.3%2.1%9.9%490.7K-38.3M-247.1K0.2516.105,4421,364254,63290,407
2024-01-31$3.42$3.50112.9%37.5%96.1%33.8%130.4%3.4%-4.4%418.8K-34.4M-240.9K0.1228.5110,2081,199256,75391,361