OPEN Options History — May 2024

In May 2024, OPEN traded between $2.00 and $2.49. ATM implied volatility averaged 81.3%, placing in the 13.6% IV rank vs the trailing year. The 30-day expected move averaged 24.1%. IV traded above realized volatility by 7.4% (HV 20d: 73.9%). Max pain ranged from $1.50 to $3.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 0.27.

Notable Days

  • 2024-05-03: Highest Volume — 26,827 contracts
  • 2024-05-31: Largest IV spike — 22.3% change
  • 2024-05-01: Highest IV Rank — 51.6%
  • 2024-05-02: Largest Expected Move — 41.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.24$2.00$2.49$2.02$2.16
Max Pain$1.93$1.50$3.00$3.00$2.00
ATM IV81.3%61.3%113.5%113.5%75.0%
Expected Move24.1%20.6%41.4%39.8%21.9%
HV 20d73.9%56.1%81.3%56.9%81.3%
HV 60d76.2%72.9%80.2%75.9%72.9%
IV Rank13.6%0.0%51.6%51.6%15.9%
IV Percentile10.1%0.0%71.4%71.4%2.4%
Term Structure-0.0%-42.2%39.0%0.6%-3.8%
VWIV85.6%72.3%143.8%138.8%78.5%
Skew 25d-1.3%-37.0%10.9%-37.0%10.4%
Skew 10d-3.8%-52.6%44.9%-52.6%17.3%
Call IV 25d84.6%73.8%116.1%116.1%73.8%
Put IV 25d83.3%68.2%115.1%79.1%84.1%
Bid-Ask Spread %11.963.3728.903.374.87
Gamma HHI0.160.150.220.150.17
Net GEX165.7K97.5K289.3K109.5K147.7K
Net DEX-12.1M-17.0M-7.8M-8.1M-11.0M
Net VEX-151.9K-170.8K-133.4K-135.6K-143.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.090.570.380.19
Total Volume8,023.4552,35726,8279,4222,357
Total OI311,084.5285,176331,369311,788301,714

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-05-01$2.02$3.00113.5%39.8%56.9%51.6%138.8%-37.0%0.6%109.5K-8.1M-135.6K0.383.376,8122,610236,52575,263
2024-05-02$2.00$3.00109.2%41.4%56.1%45.4%143.8%-0.4%-42.2%109.2K-7.8M-133.4K0.303.4614,0634,193240,80276,251
2024-05-03$2.23$3.0086.9%24.8%71.5%13.6%87.8%-2.8%-1.4%130.3K-10.9M-152.5K0.234.1621,8534,974251,40079,120
2024-05-06$2.33$1.5087.6%24.7%74.0%14.6%86.0%-3.5%-1.8%159.4K-12.9M-157.5K0.276.926,9831,873242,07473,587
2024-05-07$2.23$1.5071.0%24.4%73.8%0.0%84.9%-6.8%28.5%143.0K-11.2M-151.9K0.447.682,159948245,42473,959
2024-05-08$2.09$1.5080.5%24.2%65.1%12.5%82.9%-0.3%2.9%97.5K-9.3M-139.9K0.2128.905,2191,081246,47773,469
2024-05-09$2.31$1.5081.4%22.6%75.4%13.6%80.8%-1.1%3.6%166.0K-12.7M-159.6K0.1410.316,367871247,68774,038
2024-05-10$2.31$1.5080.3%22.1%72.9%12.2%80.2%0.9%0.7%168.5K-12.5M-154.7K0.138.624,690626249,23174,215
2024-05-13$2.49$1.5083.6%22.8%74.4%16.5%81.6%0.6%-4.1%222.0K-14.9M-164.1K0.1314.079,9621,306243,14372,015
2024-05-14$2.48$1.5087.7%24.0%74.1%21.8%85.7%4.2%-4.0%242.6K-17.0M-170.8K0.185.439,9651,776247,01071,564
2024-05-15$2.46$1.5089.1%22.6%74.2%23.8%83.1%6.0%-11.4%266.6K-15.5M-164.6K0.0922.9610,839980249,42972,511
2024-05-16$2.42$1.5078.5%21.8%74.6%9.9%77.9%-4.0%-1.2%289.3K-15.7M-170.3K0.1725.016,6851,129255,30572,559
2024-05-17$2.42$2.0078.6%20.9%74.6%10.0%74.5%-1.6%-9.6%199.4K-14.9M-166.8K0.2625.522,951773258,35973,010
2024-05-20$2.42$2.0074.9%21.1%74.6%5.1%76.6%-0.9%5.8%206.8K-15.2M-161.2K0.248.885,7831,391224,95860,218
2024-05-21$2.26$2.0077.2%22.0%78.5%8.1%74.9%0.4%1.5%176.2K-13.0M-155.8K0.167.596,5871,037228,75461,565
2024-05-22$2.17$2.0077.4%22.2%78.1%8.4%77.7%-2.9%0.7%151.5K-11.3M-148.3K0.2813.006,0361,720233,18562,150
2024-05-23$2.10$2.0072.3%20.6%78.6%1.8%76.0%-2.9%1.3%132.2K-10.2M-145.8K0.2922.743,9641,169237,02963,501
2024-05-24$2.13$2.0072.6%20.6%77.8%2.1%72.3%-6.0%2.8%134.9K-10.6M-146.6K0.574.722,0771,192237,99964,196
2024-05-28$2.20$2.0074.6%22.6%78.2%4.7%79.0%3.2%-8.7%151.3K-11.6M-147.5K0.3419.123,5621,225233,08162,731
2024-05-29$2.06$2.0076.2%22.3%80.6%6.8%78.3%4.3%0.7%118.2K-9.7M-133.8K0.556.752,3031,271235,31862,927
2024-05-30$2.09$2.0061.3%21.8%80.7%0.0%82.5%10.9%39.0%122.9K-10.0M-137.3K0.328.982,386768236,43563,671
2024-05-31$2.16$2.0075.0%21.9%81.3%15.9%78.5%10.4%-3.8%147.7K-11.0M-143.5K0.194.871,987370237,71064,004