OPEN Options History — September 2024

In September 2024, OPEN traded between $1.90 and $2.40. ATM implied volatility averaged 101.5%, placing in the 55.9% IV rank vs the trailing year. The 30-day expected move averaged 29.0%. IV traded above realized volatility by 3.7% (HV 20d: 97.9%). Max pain ranged from $2.00 to $2.50. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 12 of 20 days. Put/call ratio averaged 0.18.

Notable Days

  • 2024-09-16: Highest Volume — 143,254 contracts
  • 2024-09-16: Largest IV spike — 48.5% change
  • 2024-09-16: Highest IV Rank — 100.0%
  • 2024-09-16: Largest Expected Move — 39.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$2.08$1.90$2.40$1.92$1.98
Max Pain$2.05$2.00$2.50$2.50$2.00
ATM IV101.5%80.0%137.9%97.7%97.9%
Expected Move29.0%22.9%39.4%29.0%28.5%
HV 20d97.9%81.4%105.7%103.9%82.2%
HV 60d96.2%94.4%98.3%95.1%98.2%
IV Rank55.9%26.0%100.0%53.8%48.9%
IV Percentile61.9%12.3%100.0%59.9%55.2%
Term Structure16.1%-22.5%152.7%-0.8%152.7%
VWIV105.7%92.0%141.9%95.4%104.0%
Skew 25d-7.0%-30.6%14.3%-1.5%-3.7%
Skew 10d-23.6%-60.9%-3.5%-16.2%-19.2%
Call IV 25d110.8%97.1%146.2%100.7%115.6%
Put IV 25d103.8%71.9%130.0%99.2%111.9%
Bid-Ask Spread %15.514.1049.847.044.10
Gamma HHI0.160.130.200.140.18
Net GEX351.7K207.3K534.2K208.3K367.1K
Net DEX-23.1M-34.8M-13.7M-14.0M-22.3M
Net VEX-193.0K-225.6K-161.6K-164.1K-195.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.180.030.390.230.19
Total Volume33,5347,307143,25421,07959,721
Total OI527,464.4443,473632,468444,847601,233

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-09-03$1.92$2.5097.7%29.0%103.9%53.8%95.4%-1.5%-0.8%208.3K-14.0M-164.1K0.237.0417,0883,991360,15584,692
2024-09-04$1.90$2.50101.2%30.2%104.0%58.8%104.6%3.4%-1.5%210.2K-13.7M-161.6K0.164.8819,1283,119367,92986,507
2024-09-05$2.00$2.00101.0%28.4%103.3%58.5%99.9%0.5%-10.3%260.4K-16.0M-171.1K0.2121.626,0551,252373,56386,913
2024-09-06$1.90$2.00100.9%28.2%105.4%58.4%99.1%0.1%-1.8%207.3K-13.7M-165.4K0.397.918,2923,211374,80487,089
2024-09-09$1.96$2.00100.2%27.9%105.7%57.3%97.9%-2.1%-2.4%216.2K-14.9M-163.8K0.215.847,9891,680359,20384,270
2024-09-10$1.96$2.0099.6%27.9%104.0%56.5%96.7%8.9%2.6%224.4K-14.7M-161.8K0.2238.829,8332,115362,48485,161
2024-09-11$2.04$2.0088.8%29.2%99.1%41.3%101.7%14.3%49.5%267.1K-16.7M-171.5K0.1220.5613,2781,530368,30186,741
2024-09-12$2.21$2.00105.7%27.8%102.4%65.2%104.6%-17.2%-13.8%313.2K-23.0M-184.8K0.0637.9813,673835371,46587,193
2024-09-13$2.24$2.0092.9%29.4%102.4%47.0%102.9%1.1%28.1%336.1K-25.0M-190.8K0.1549.8436,4475,567375,72387,548
2024-09-16$2.40$2.00137.9%39.4%104.3%100.0%141.9%-16.2%-6.8%372.9K-31.4M-208.7K0.0813.91132,74910,505370,54685,120
2024-09-17$2.34$2.00117.0%33.4%100.0%73.3%120.4%-13.3%0.3%534.2K-34.8M-225.6K0.045.5151,4132,288448,83190,675
2024-09-18$2.21$2.0080.0%22.9%102.2%26.0%92.0%7.8%67.7%523.5K-32.2M-218.4K0.0334.8677,2452,435475,15392,038
2024-09-19$2.20$2.00102.9%29.5%101.7%55.2%109.4%-9.1%1.0%471.6K-30.7M-223.3K0.079.7033,1302,447509,81893,720
2024-09-20$2.09$2.00102.1%29.0%103.6%54.2%114.8%-10.2%2.6%416.4K-27.2M-211.3K0.086.4641,6993,410515,67594,086
2024-09-23$2.04$2.00102.4%28.1%95.2%54.6%107.6%-1.1%15.7%428.0K-25.6M-204.3K0.386.7317,1236,555512,65282,501
2024-09-24$2.17$2.00104.1%28.8%86.7%56.8%108.9%-14.9%-22.5%511.3K-29.8M-221.8K0.1412.9916,5432,247521,99787,201
2024-09-25$2.00$2.00100.0%26.6%88.4%51.5%102.2%-30.6%17.3%341.6K-22.3M-197.3K0.328.6713,6514,412527,72888,617
2024-09-26$2.09$2.0099.9%27.1%81.4%51.4%104.0%-26.9%26.9%410.7K-26.8M-214.6K0.186.0716,2112,998536,78592,703
2024-09-27$2.05$2.0098.7%28.0%81.6%49.9%105.1%-30.2%17.4%412.6K-26.4M-205.5K0.256.6214,9963,819538,24494,224
2024-09-30$1.98$2.0097.9%28.5%82.2%48.9%104.0%-3.7%152.7%367.1K-22.3M-195.2K0.194.1050,2459,476515,32885,905