OPEN Options History — July 2024

In July 2024, OPEN traded between $1.75 and $2.88. ATM implied volatility averaged 111.1%, placing in the 58.7% IV rank vs the trailing year. The 30-day expected move averaged 32.3%. IV traded above realized volatility by 31.6% (HV 20d: 79.5%). Max pain ranged from $2.00 to $2.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 8 of 22 days. Put/call ratio averaged 0.15.

Notable Days

  • 2024-07-16: Highest Volume — 103,608 contracts
  • 2024-07-02: Largest IV spike — 41.2% change
  • 2024-07-02: Highest IV Rank — 80.6%
  • 2024-07-22: Largest Expected Move — 37.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.27$1.75$2.88$1.77$2.33
Max Pain$2.25$2.00$2.50$2.00$2.50
ATM IV111.1%90.9%130.3%92.3%109.1%
Expected Move32.3%22.5%37.6%23.6%36.1%
HV 20d79.5%55.4%96.7%55.7%96.2%
HV 60d72.1%62.3%79.8%65.7%76.7%
IV Rank58.7%35.7%80.6%37.2%56.5%
IV Percentile78.0%43.3%99.6%46.8%76.6%
Term Structure3.6%-53.7%82.4%62.2%8.8%
VWIV113.6%72.3%135.5%82.5%126.4%
Skew 25d8.2%-10.8%81.5%62.9%-3.7%
Skew 10d10.7%-17.6%104.9%6.6%-7.5%
Call IV 25d111.0%70.6%134.7%76.9%116.5%
Put IV 25d119.2%86.7%152.0%139.8%112.9%
Bid-Ask Spread %7.093.9012.037.738.41
Gamma HHI0.170.140.400.160.15
Net GEX292.0K111.5K761.7K113.8K270.6K
Net DEX-21.5M-40.3M-7.7M-8.5M-21.5M
Net VEX-187.9K-240.5K-126.2K-132.6K-201.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.150.030.410.250.09
Total Volume23,000.5912,442103,6085,76549,708
Total OI390,974.136348,546429,944348,546428,745

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-07-01$1.77$2.0092.3%23.6%55.7%37.2%82.5%62.9%62.2%113.8K-8.5M-132.6K0.257.734,5971,168280,06768,479
2024-07-02$1.75$2.00130.3%22.5%55.4%80.6%72.3%81.5%82.4%111.5K-7.7M-126.2K0.095.544,756416283,18969,103
2024-07-03$1.81$2.0092.5%23.0%57.6%37.5%80.5%16.5%16.8%127.9K-9.0M-135.1K0.035.472,36577286,22169,265
2024-07-05$1.75$2.0090.9%30.1%56.1%35.7%105.1%-10.8%-0.7%113.7K-8.0M-129.4K0.145.234,503619285,86269,278
2024-07-08$1.81$2.00108.1%30.3%57.8%55.3%105.8%0.6%-1.1%123.4K-8.9M-132.3K0.085.216,572530284,79568,608
2024-07-09$1.92$2.00106.3%30.7%59.9%53.2%106.1%9.1%-1.9%159.6K-10.8M-143.8K0.065.8715,222867285,74068,823
2024-07-10$1.90$2.00110.3%31.2%59.9%57.7%104.9%5.4%-0.8%178.1K-10.8M-145.4K0.088.5519,0081,525297,31769,039
2024-07-11$2.08$2.00103.0%30.7%69.0%49.5%103.2%-0.4%10.5%256.3K-15.6M-163.2K0.0812.0323,1461,852302,78570,101
2024-07-12$2.25$2.00103.9%30.8%72.4%50.4%108.7%9.9%19.7%267.4K-20.8M-182.5K0.114.4233,1373,612304,17670,635
2024-07-15$2.50$2.00115.2%33.3%78.7%63.3%115.6%-4.9%-9.2%364.9K-26.9M-205.7K0.086.2030,7502,383306,20670,198
2024-07-16$2.88$2.00124.1%35.3%90.1%73.5%126.3%-4.3%-3.0%424.4K-40.3M-240.5K0.067.3398,1015,507314,35770,632
2024-07-17$2.77$2.50124.8%35.8%90.4%74.3%125.7%-5.7%-2.4%457.6K-39.0M-238.9K0.086.7543,2723,658331,24374,084
2024-07-18$2.55$2.50121.1%35.2%96.7%70.1%126.4%-4.3%-53.7%448.2K-30.6M-217.4K0.2211.0623,8305,336342,03875,950
2024-07-19$2.49$2.50126.3%36.6%94.1%76.0%130.5%-2.8%-5.9%761.7K-29.7M-222.2K0.306.0812,7323,774349,31677,701
2024-07-22$2.50$2.50122.3%37.6%94.1%71.4%135.5%3.3%-17.4%325.0K-27.6M-222.0K0.205.4912,4752,461330,82774,543
2024-07-23$2.59$2.50111.4%35.7%93.2%59.0%132.1%35.7%40.3%359.2K-30.7M-225.7K0.1810.3210,5961,957335,60976,283
2024-07-24$2.42$2.50109.5%35.0%94.5%56.8%125.6%-3.3%4.2%317.6K-24.7M-206.7K0.419.108,8633,671339,68577,269
2024-07-25$2.50$2.50113.8%35.3%93.6%61.8%125.3%-5.1%-6.0%349.4K-27.2M-222.1K0.107.5614,8061,520343,74780,994
2024-07-26$2.51$2.50108.9%33.9%93.7%56.1%119.0%0.8%-3.4%313.6K-26.9M-222.2K0.243.9014,4413,451348,65181,293
2024-07-29$2.51$2.50110.6%34.0%92.6%58.2%122.1%-0.1%-39.2%314.6K-26.5M-221.4K0.275.3811,5053,102334,93880,132
2024-07-30$2.33$2.50109.0%33.4%96.5%56.3%120.3%0.1%-22.2%265.0K-21.2M-198.2K0.148.3212,4541,688341,28082,227
2024-07-31$2.33$2.50109.1%36.1%96.2%56.5%126.4%-3.7%8.8%270.6K-21.5M-201.5K0.098.4145,7413,967345,61983,126