OPEN Options History — December 2024

In December 2024, OPEN traded between $1.59 and $2.20. ATM implied volatility averaged 92.8%, placing in the 42.3% IV rank vs the trailing year. The 30-day expected move averaged 27.4%. IV traded above realized volatility by 7.5% (HV 20d: 85.3%). Max pain ranged from $2.00 to $2.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 12 of 21 days. Put/call ratio averaged 0.28.

Notable Days

  • 2024-12-12: Highest Volume — 48,335 contracts
  • 2024-12-05: Largest IV drop — 22.0% change
  • 2024-12-10: Highest IV Rank — 53.1%
  • 2024-12-02: Largest Expected Move — 31.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.90$1.59$2.20$2.13$1.59
Max Pain$2.00$2.00$2.00$2.00$2.00
ATM IV92.8%77.7%101.2%99.1%89.8%
Expected Move27.4%24.4%31.0%31.0%24.4%
HV 20d85.3%57.6%100.2%93.3%57.6%
HV 60d75.5%74.4%77.2%77.1%74.5%
IV Rank42.3%23.0%53.1%50.4%38.5%
IV Percentile41.1%11.5%60.3%55.6%35.3%
Term Structure2.0%-88.3%99.7%3.4%1.9%
VWIV101.1%90.3%110.6%108.2%94.2%
Skew 25d-11.3%-46.1%12.1%-7.8%-21.9%
Skew 10d-36.4%-90.5%32.7%-41.3%-43.5%
Call IV 25d106.2%95.3%115.5%110.3%104.8%
Put IV 25d94.9%56.5%119.9%102.5%82.9%
Bid-Ask Spread %13.248.9324.2124.218.93
Gamma HHI0.180.150.200.180.15
Net GEX411.5K161.8K664.4K598.6K161.8K
Net DEX-24.5M-40.3M-11.1M-35.2M-11.1M
Net VEX-183.0K-240.4K-128.7K-225.6K-128.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.280.071.420.400.21
Total Volume20,900.5715,52248,33530,82811,099
Total OI710,222.381682,934729,854682,934705,686

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call VolPut VolCall OIPut OI
2024-12-02$2.13$2.0099.1%31.0%93.3%50.4%108.2%-7.8%3.4%598.6K-35.2M-225.6K0.4024.2121,9858,843602,30580,629
2024-12-03$2.15$2.0095.9%29.1%93.3%46.3%108.3%12.1%17.3%615.2K-36.7M-229.1K0.249.509,4172,215611,47984,374
2024-12-04$2.19$2.0099.5%30.2%92.7%51.0%110.6%11.1%3.0%639.4K-39.0M-231.4K0.129.6518,8582,335613,73785,497
2024-12-05$2.17$2.0077.7%28.6%88.4%23.0%110.3%-7.1%50.2%624.2K-39.8M-237.8K0.0715.9721,5181,403624,92286,500
2024-12-06$2.19$2.0090.3%27.5%87.5%39.2%106.0%-21.9%3.9%650.4K-40.3M-240.4K0.1214.9525,2642,988633,02086,971
2024-12-09$2.20$2.0099.6%28.3%87.5%51.0%104.0%-18.7%-3.7%664.4K-39.3M-233.4K0.2211.6411,5642,536626,58582,888
2024-12-10$2.05$2.00101.2%29.2%91.3%53.1%109.0%-29.0%0.0%550.4K-31.3M-212.6K0.2612.3412,5233,238630,34584,574
2024-12-11$2.12$2.0096.5%27.6%89.8%47.2%99.9%1.7%2.5%597.7K-34.4M-218.7K0.1213.8020,1242,426632,89786,363
2024-12-12$1.94$2.0095.8%27.4%95.8%46.2%100.8%-13.0%-0.8%444.6K-25.5M-189.7K0.0814.6344,7653,570628,68286,482
2024-12-13$1.92$2.0097.2%27.7%94.9%48.0%103.4%-11.0%-0.3%441.0K-23.9M-188.3K0.1211.9115,9601,884631,90792,007
2024-12-16$1.92$2.0097.9%28.0%93.0%48.8%99.4%-8.7%-0.7%427.7K-23.1M-181.4K0.1111.6212,5111,421626,13788,576
2024-12-17$1.90$2.0098.3%28.2%91.4%49.3%99.0%-9.2%-0.3%422.4K-22.9M-180.3K0.1513.196,6621,009627,67888,916
2024-12-18$1.71$2.0085.8%24.6%100.0%33.5%99.2%-5.8%99.7%260.3K-17.0M-153.7K0.3118.7129,7829,301629,43289,262
2024-12-19$1.67$2.0089.0%26.8%100.2%37.4%99.3%-8.3%-88.3%233.4K-13.6M-145.2K0.7812.2415,00811,716627,32493,635
2024-12-20$1.67$2.0082.9%26.1%98.7%29.7%92.2%-9.0%-83.2%222.5K-12.7M-144.3K0.1710.1916,8512,787628,772101,082
2024-12-23$1.67$2.0095.3%26.2%81.9%45.5%96.9%-9.1%53.3%224.9K-13.3M-144.4K0.3914.8931,33812,215608,27792,898
2024-12-24$1.67$2.0091.6%26.4%64.3%40.9%98.5%-3.4%1.0%220.7K-14.1M-139.6K1.4213.115,2977,522616,94689,517
2024-12-26$1.71$2.0081.9%27.3%65.2%28.5%101.0%-46.1%-4.1%244.8K-14.8M-145.7K0.1311.604,879643619,31084,906
2024-12-27$1.68$2.0089.5%25.4%62.2%38.2%90.3%-21.5%-16.9%223.5K-13.9M-142.9K0.2212.746,2011,384621,44485,152
2024-12-30$1.61$2.0093.1%26.3%61.7%42.8%91.8%-11.0%4.3%172.9K-11.5M-130.6K0.2212.2614,5973,273613,35184,205
2024-12-31$1.59$2.0089.8%24.4%57.6%38.5%94.2%-21.9%1.9%161.8K-11.1M-128.7K0.218.939,1991,900619,19386,493