OPEN Options History — February 2024

In February 2024, OPEN traded between $2.80 and $3.58. ATM implied volatility averaged 101.7%, placing in the 23.3% IV rank vs the trailing year. The 30-day expected move averaged 28.0%. IV traded above realized volatility by 11.0% (HV 20d: 90.7%). Max pain ranged from $3.00 to $3.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 0.63.

Notable Days

  • 2024-02-16: Highest Volume — 44,231 contracts
  • 2024-02-16: Largest IV drop — 23.7% change
  • 2024-02-15: Highest IV Rank — 53.9%
  • 2024-02-15: Largest Expected Move — 35.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$3.20$2.80$3.58$3.54$3.05
Max Pain$3.05$3.00$3.50$3.00$3.00
ATM IV101.7%81.0%123.2%111.2%82.3%
Expected Move28.0%23.5%35.1%29.1%23.9%
HV 20d90.7%82.9%101.0%96.3%87.0%
HV 60d95.7%91.5%97.8%95.0%95.6%
IV Rank23.3%0.0%53.9%31.9%1.7%
IV Percentile32.5%0.0%74.2%46.4%0.4%
Term Structure-3.7%-42.1%11.8%-5.9%-2.1%
VWIV98.5%83.4%122.4%102.0%83.9%
Skew 25d2.1%-4.4%7.3%2.4%-3.2%
Skew 10d4.8%-16.8%21.5%-3.4%-16.8%
Call IV 25d102.6%85.6%123.3%111.6%86.2%
Put IV 25d104.6%83.0%130.5%114.0%83.0%
Bid-Ask Spread %13.743.8531.3317.715.15
Gamma HHI0.210.170.250.220.19
Net GEX348.3K169.8K628.9K493.8K323.0K
Net DEX-28.1M-40.2M-17.0M-38.1M-24.1M
Net VEX-222.5K-252.6K-195.1K-246.7K-199.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.630.125.400.120.76
Total Volume13,876.254,98144,2317,9737,352
Total OI326,072.2272,100391,318353,077273,235

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-02-01$3.54$3.00111.2%29.1%96.3%31.9%102.0%2.4%-5.9%493.8K-38.1M-246.7K0.1217.717,122851261,21891,859
2024-02-02$3.48$3.00110.5%29.0%96.2%31.0%100.9%3.7%-3.2%628.9K-36.4M-252.6K0.259.146,5691,669263,72392,174
2024-02-05$3.24$3.00116.2%30.5%91.4%37.6%109.6%2.8%-11.9%323.0K-28.6M-228.9K0.569.775,6713,193249,85688,805
2024-02-06$3.29$3.00110.9%30.4%85.4%31.5%107.4%4.0%-8.6%350.7K-30.4M-231.4K0.1414.267,026980252,93490,321
2024-02-07$3.23$3.50109.3%24.3%82.9%30.8%83.4%4.2%-42.1%349.8K-28.2M-228.4K0.2424.395,5411,354257,95890,482
2024-02-08$3.33$3.50107.0%29.1%83.9%27.9%104.5%-0.0%-7.1%416.6K-32.3M-231.9K0.2319.366,2981,472260,85790,685
2024-02-09$3.48$3.00108.1%29.8%85.4%33.4%106.9%4.4%-6.5%589.6K-37.6M-250.0K0.249.139,4362,224264,85991,143
2024-02-12$3.58$3.00114.2%32.4%85.6%41.7%112.8%0.9%-5.4%475.2K-40.2M-243.8K0.1822.1612,8522,252263,29589,877
2024-02-13$3.21$3.00122.6%35.0%89.0%53.1%120.4%0.8%2.9%369.5K-30.2M-226.4K0.449.0210,2124,478268,34090,452
2024-02-14$3.46$3.00115.5%33.1%92.2%43.4%116.1%2.5%-1.0%454.4K-37.0M-240.2K0.266.1413,3513,507271,26292,925
2024-02-15$3.33$3.00123.2%35.1%92.5%53.9%122.4%7.2%11.8%420.9K-33.9M-233.1K0.5016.2322,03910,952273,92594,621
2024-02-16$2.96$3.0094.0%26.9%101.0%14.0%94.0%2.6%1.1%196.3K-17.0M-205.1K0.486.2029,79214,439289,891101,427
2024-02-20$2.80$3.0092.4%25.6%93.0%11.9%91.3%1.3%0.4%169.8K-18.4M-195.1K0.589.6411,2516,580201,70673,674
2024-02-21$2.92$3.0088.6%24.6%94.6%6.6%86.2%7.3%-1.0%197.2K-19.9M-204.0K0.5410.074,9172,644205,52476,840
2024-02-22$2.99$3.0086.6%24.6%92.9%3.9%86.5%6.3%0.3%217.4K-21.6M-210.7K0.306.547,2132,166207,04678,410
2024-02-23$2.84$3.0085.6%23.5%92.7%2.5%85.7%-4.4%-1.1%192.4K-18.6M-201.0K1.013.852,6912,714211,24479,199
2024-02-26$3.04$3.0087.5%24.7%96.6%5.2%85.5%0.9%-0.3%227.4K-21.7M-210.2K0.1817.3610,6631,950200,06376,475
2024-02-27$3.12$3.0087.1%24.6%88.4%4.6%83.9%-0.7%-3.7%277.0K-24.6M-213.1K5.4027.354,54924,574205,76877,271
2024-02-28$3.04$3.0081.0%24.4%87.8%0.0%86.3%-1.8%9.3%293.7K-23.9M-198.2K0.2731.333,9311,050208,31763,783
2024-02-29$3.05$3.0082.3%23.9%87.0%1.7%83.9%-3.2%-2.1%323.0K-24.1M-199.6K0.765.154,1893,163209,57463,661