OPK Options History — March 2013

In March 2013, OPK traded between $6.99 and $7.83. ATM implied volatility averaged 45.0%, placing in the 40.6% IV rank vs the trailing year. The 30-day expected move averaged 12.8%. IV traded above realized volatility by 14.3% (HV 20d: 30.7%). Max pain ranged from $6.00 to $7.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 16 of 20 days. Put/call ratio averaged 0.55.

Notable Days

  • 2013-03-19: Highest Volume — 7,510 contracts
  • 2013-03-12: Largest IV spike — 75.0% change
  • 2013-03-13: Highest IV Rank — 61.1%
  • 2013-03-18: Largest Expected Move — 14.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.48$6.99$7.83$6.99$7.63
Max Pain$6.95$6.00$7.00$7.00$7.00
ATM IV45.0%26.7%56.5%38.8%39.2%
Expected Move12.8%11.1%14.4%11.1%11.3%
HV 20d30.7%25.9%39.6%39.6%26.9%
HV 60d40.7%39.8%42.0%39.9%42.0%
IV Rank40.6%7.6%61.1%29.2%30.1%
IV Percentile54.5%1.2%92.9%27.0%29.8%
Term Structure2.9%-2.2%8.0%5.3%7.0%
VWIV45.9%38.4%51.3%38.4%40.8%
Skew 25d6.0%-9.8%23.6%6.3%8.1%
Skew 10d26.8%-14.4%110.2%8.9%15.6%
Call IV 25d43.7%33.7%57.0%33.7%35.8%
Put IV 25d49.7%40.0%75.7%40.0%43.9%
Bid-Ask Spread %11.116.6221.828.349.80
Gamma HHI0.340.310.400.400.31
Net GEX483.3K434.1K575.0K442.1K575.0K
Net DEX-32.1M-40.0M-23.9M-23.9M-32.8M
Net VEX-129.9K-151.3K-115.1K-123.9K-136.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.550.042.460.100.37
Total Volume4,073.251,4657,5101,7111,829
Total OI113,922.65100,063121,039112,615116,257

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2013-03-01$6.99$7.0038.8%11.1%39.6%29.2%38.4%6.3%5.3%442.1K-23.9M-123.9K0.108.34N/AN/A1,56015175,01437,601
2013-03-04$7.16$6.0052.6%13.7%37.0%54.2%51.3%-1.6%0.8%434.1K-27.9M-125.2K0.0717.68N/AN/A5,77040475,87137,635
2013-03-05$7.30$7.0053.9%14.3%35.2%56.4%51.3%1.1%-1.7%463.5K-30.9M-128.6K0.2811.33N/AN/A4,7681,32878,87037,885
2013-03-06$7.32$7.0049.2%14.0%35.2%48.0%50.1%-7.8%0.7%498.5K-32.0M-125.6K1.236.62N/AN/A1,1171,37979,57538,647
2013-03-07$7.39$7.0041.9%13.5%34.8%34.9%48.0%-0.7%-1.5%480.5K-33.4M-127.0K0.198.06N/AN/A5,2401,01179,59939,666
2013-03-08$7.48$7.0053.1%12.9%34.4%55.1%45.4%-1.0%3.0%494.3K-34.9M-124.0K0.2419.53N/AN/A5,4471,30779,93739,966
2013-03-11$7.48$7.0026.7%12.9%28.4%7.6%50.0%22.7%-1.5%437.7K-33.7M-133.2K0.2413.42N/AN/A2,76967779,16140,878
2013-03-12$7.49$7.0046.8%12.7%26.4%43.7%48.7%22.8%0.9%454.3K-34.6M-128.6K0.0413.10N/AN/A5,91721079,64541,280
2013-03-13$7.51$7.0056.5%12.9%25.9%61.1%43.8%23.6%6.5%494.3K-34.9M-124.0K0.129.60N/AN/A1,50118479,71941,320
2013-03-14$7.54$7.0045.1%12.9%25.9%40.6%44.1%3.8%4.5%498.5K-35.9M-121.9K0.166.83N/AN/A2,72843679,45140,524
2013-03-15$7.83$7.0044.0%12.6%28.2%38.7%47.0%16.1%5.4%506.1K-40.0M-122.7K0.9921.82N/AN/A3,3613,32979,50540,724
2013-03-18$7.61$7.0050.3%14.4%30.2%50.1%50.9%-9.8%-2.2%491.7K-30.8M-123.7K0.639.13N/AN/A2,3821,49469,93230,131
2013-03-19$7.52$7.0045.0%12.9%30.9%40.5%45.0%16.2%1.5%521.5K-30.1M-115.1K0.547.78N/AN/A4,8672,64370,64930,373
2013-03-20$7.56$7.0043.5%12.5%29.1%37.7%43.7%-2.6%6.2%515.5K-30.7M-124.3K0.707.57N/AN/A1,7491,22972,74932,189
2013-03-21$7.35$7.0043.3%12.4%31.6%37.4%44.6%-1.9%2.8%470.0K-27.0M-134.1K0.6010.23N/AN/A2,3981,43074,08033,032
2013-03-22$7.63$7.0041.6%11.9%29.3%34.4%41.9%6.2%8.0%442.1K-31.7M-151.3K0.3010.01N/AN/A2,25968275,60034,035
2013-03-25$7.64$7.0041.4%11.9%29.1%33.9%42.9%8.1%6.0%471.9K-32.3M-143.0K0.3911.35N/AN/A2,08681876,67034,522
2013-03-26$7.65$7.0042.5%12.2%28.4%36.0%43.9%6.0%3.7%472.6K-32.7M-143.6K1.328.52N/AN/A63283377,47334,992
2013-03-27$7.62$7.0045.5%13.0%27.6%41.3%46.0%5.4%2.8%500.9K-32.6M-141.7K2.4611.48N/AN/A1,0242,51677,86035,436
2013-03-28$7.63$7.0039.2%11.3%26.9%30.1%40.8%8.1%7.0%575.0K-32.8M-136.0K0.379.80N/AN/A1,33149878,42737,830