OPEN Options History — March 2024

In March 2024, OPEN traded between $2.59 and $3.15. ATM implied volatility averaged 85.5%, placing in the 9.2% IV rank vs the trailing year. The 30-day expected move averaged 24.4%. IV traded below realized volatility by 0.2% (HV 20d: 85.7%). 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 10 of 20 days. Put/call ratio averaged 0.33.

Notable Days

  • 2024-03-20: Highest Volume — 41,494 contracts
  • 2024-03-07: Largest IV drop — 11.7% change
  • 2024-03-11: Highest IV Rank — 15.7%
  • 2024-03-18: Largest Expected Move — 25.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.92$2.59$3.15$3.09$3.01
Max Pain$3.10$3.00$3.50$3.00$3.00
ATM IV85.5%77.5%90.0%82.2%86.2%
Expected Move24.4%22.8%25.6%23.3%22.9%
HV 20d85.7%80.3%90.9%86.0%83.9%
HV 60d91.2%86.7%97.9%95.4%87.9%
IV Rank9.2%0.0%15.7%1.5%11.0%
IV Percentile6.5%0.0%18.7%0.4%7.9%
Term Structure2.2%-7.1%19.3%-2.4%10.5%
VWIV85.8%80.3%90.2%83.1%80.4%
Skew 25d-0.8%-4.4%9.3%-1.7%-0.6%
Skew 10d0.4%-21.6%24.7%-15.2%-21.6%
Call IV 25d87.2%75.2%92.2%85.8%86.2%
Put IV 25d86.3%82.2%90.0%84.1%85.5%
Bid-Ask Spread %15.944.9333.325.4818.24
Gamma HHI0.190.150.220.210.19
Net GEX220.0K135.7K363.1K251.7K320.3K
Net DEX-19.5M-25.3M-12.2M-25.3M-22.3M
Net VEX-178.1K-202.6K-152.7K-202.6K-180.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.330.051.060.360.08
Total Volume12,777.854,73941,4944,73923,628
Total OI263,777.5244,552276,874276,874270,912

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-03-01$3.09$3.0082.2%23.3%86.0%1.5%83.1%-1.7%-2.4%251.7K-25.3M-202.6K0.365.483,4891,250211,38465,490
2024-03-04$3.00$3.0085.3%24.9%86.3%5.6%87.0%9.3%-2.7%233.7K-22.7M-194.4K0.4823.836,6343,188202,20163,770
2024-03-05$2.77$3.0086.6%24.6%87.2%7.3%86.0%-1.0%8.8%177.7K-17.7M-184.2K0.5420.275,1122,771202,52865,654
2024-03-06$2.95$3.5087.7%24.6%90.5%8.8%86.9%-1.3%-1.0%202.1K-19.2M-183.0K0.056.0516,445875194,91066,915
2024-03-07$2.96$3.0077.5%24.9%90.4%0.0%87.7%-3.7%19.3%223.2K-19.3M-176.6K0.2733.324,9451,336190,88066,910
2024-03-08$3.08$3.0085.7%24.5%90.9%10.3%87.2%-0.1%-0.2%214.6K-21.9M-183.5K0.328.696,4022,062191,30967,658
2024-03-11$2.92$3.0090.0%25.5%90.7%15.7%89.3%-2.5%-1.1%179.6K-19.0M-176.2K0.2219.5312,7762,789187,63165,960
2024-03-12$2.88$3.0086.3%24.7%89.6%11.2%86.9%0.4%-0.4%206.4K-18.4M-173.4K1.0619.703,5733,789195,38667,804
2024-03-13$2.85$3.5084.8%24.1%81.8%9.2%85.9%-3.5%-0.8%187.1K-17.9M-169.0K0.2218.394,5981,001196,12470,765
2024-03-14$2.59$3.5085.1%24.3%81.8%9.7%85.7%-1.8%0.6%150.6K-12.2M-152.7K0.2011.128,2481,680195,28170,975
2024-03-15$2.65$3.5087.0%24.9%82.3%12.0%87.4%-2.1%0.8%135.7K-13.6M-159.3K0.8520.957,2716,167197,60771,214
2024-03-18$2.91$3.0089.0%25.6%80.3%14.6%90.2%-4.4%2.1%170.3K-19.1M-175.4K0.2116.8415,1453,138179,52865,024
2024-03-19$2.73$3.0085.9%24.5%81.1%10.6%84.9%1.8%3.6%170.3K-15.5M-163.0K0.2419.798,2641,971187,04766,855
2024-03-20$2.98$3.0088.7%25.4%85.8%14.1%88.3%-1.4%-0.2%239.6K-21.3M-183.0K0.068.9639,1392,355193,07668,435
2024-03-21$3.15$3.0084.3%24.1%87.6%8.6%84.2%-1.5%-2.6%299.4K-25.1M-188.2K0.524.9315,5828,152192,78768,928
2024-03-22$3.00$3.0083.9%23.8%87.4%8.1%83.3%-1.0%2.7%363.1K-21.2M-181.6K0.2520.418,0652,038198,95574,137
2024-03-25$2.96$3.0086.5%24.4%84.0%11.3%86.9%-2.5%5.1%210.1K-20.1M-179.8K0.165.437,4281,211192,58070,653
2024-03-26$2.92$3.0086.1%23.8%83.5%10.8%85.5%-0.3%-7.1%218.8K-19.7M-178.3K0.2417.905,3751,288196,39371,471
2024-03-27$2.92$3.0081.0%22.8%83.1%4.5%80.3%0.9%8.2%245.4K-19.0M-177.8K0.2318.975,1951,182198,99871,415
2024-03-28$3.01$3.0086.2%22.9%83.9%11.0%80.4%-0.6%10.5%320.3K-22.3M-180.4K0.0818.2421,8661,762199,28671,626