OPK Options History — March 2020

In March 2020, OPK traded between $1.30 and $2.34. ATM implied volatility averaged 209.7%, placing in the 66.8% IV rank vs the trailing year. The 30-day expected move averaged 63.2%. IV traded above realized volatility by 35.7% (HV 20d: 174.0%). Max pain ranged from $1.00 to $2.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 9 of 22 days. Put/call ratio averaged 0.07.

Notable Days

  • 2020-03-06: Highest Volume — 139,066 contracts
  • 2020-03-05: Largest IV spike — 111.5% change
  • 2020-03-05: Highest IV Rank — 100.0%
  • 2020-03-09: Largest Expected Move — 84.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.61$1.30$2.34$1.52$1.30
Max Pain$1.45$1.00$2.00$2.00$1.00
ATM IV209.7%67.3%309.0%100.0%148.7%
Expected Move63.2%23.6%84.4%23.6%47.9%
HV 20d174.0%68.0%217.7%68.2%212.5%
HV 60d107.5%51.8%129.6%51.8%129.6%
IV Rank66.8%19.2%100.0%44.5%38.0%
IV Percentile92.7%14.7%100.0%81.0%91.3%
Term Structure-17.3%-120.2%73.4%26.3%-92.3%
VWIV224.8%79.0%303.4%79.0%139.9%
Skew 25d-30.1%-219.0%119.4%-22.3%-47.8%
Skew 10d-34.3%-198.6%160.9%1.8%-29.7%
Call IV 25d215.3%66.5%312.4%115.4%175.3%
Put IV 25d185.2%84.9%309.1%93.0%127.4%
Bid-Ask Spread %40.4211.20115.9998.6636.26
Gamma HHI0.350.250.560.430.39
Net GEX57.0K25.7K102.0K26.4K34.8K
Net DEX-6.0M-18.3M409.6K409.6K-2.7M
Net VEX-45.4K-65.4K-26.1K-26.1K-35.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.070.000.220.030.05
Total Volume32,457.5911,070139,0661,0704,951
Total OI173,40991,344224,67391,344148,586

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-03-02$1.52$2.00100.0%23.6%68.2%44.5%79.0%-22.3%26.3%26.4K409.6K-26.1K0.0398.66N/AN/A1,0393161,07130,273
2020-03-03$1.49$2.0067.3%25.4%68.0%19.2%0.0%18.4%8.4%25.7K227.2K-27.3K0.00115.99N/AN/A11,337061,83230,289
2020-03-04$1.62$2.00124.2%65.7%74.0%63.3%135.8%10.3%-41.1%42.1K-2.5M-39.1K0.0096.89N/AN/A37,37412072,35030,290
2020-03-05$2.02$1.00262.7%64.6%105.8%100.0%222.2%1.3%-9.2%45.4K-7.6M-49.2K0.0126.40N/AN/A133,6131,81290,05430,384
2020-03-06$2.34$2.00251.0%68.1%111.6%94.7%283.2%-219.0%-43.0%83.5K-18.3M-63.9K0.1247.89N/AN/A123,98915,077128,95431,473
2020-03-09$2.25$2.00309.0%84.4%113.1%100.0%303.4%-1.4%-8.1%92.8K-16.9M-65.4K0.1511.20N/AN/A70,41210,360155,70742,177
2020-03-10$1.64$2.00173.0%68.4%163.8%49.0%230.0%-93.3%39.9%86.8K-6.5M-52.8K0.2231.28N/AN/A35,3087,764169,89945,077
2020-03-11$1.75$2.00231.3%68.4%165.4%70.8%237.7%-30.1%18.5%90.9K-8.6M-56.4K0.1015.88N/AN/A26,5392,659172,40348,186
2020-03-12$1.42$2.00219.2%61.6%181.8%66.3%232.7%-34.1%4.9%66.8K-4.7M-46.0K0.1936.64N/AN/A14,4352,768174,80648,979
2020-03-13$1.88$2.00230.9%75.6%208.3%70.7%272.1%-165.6%-36.7%102.0K-10.5M-59.3K0.0827.31N/AN/A73,2165,588175,32549,348
2020-03-16$1.75$2.00251.9%70.2%210.2%78.6%242.8%-3.3%15.5%52.4K-7.5M-52.9K0.0822.25N/AN/A22,2791,866163,62043,349
2020-03-17$1.76$1.00255.5%73.1%210.2%79.5%264.5%-18.9%-13.8%55.4K-7.3M-51.2K0.0618.22N/AN/A28,3931,668166,89643,164
2020-03-18$1.52$1.00270.8%77.6%216.9%85.4%263.5%-75.2%-10.4%82.2K-6.1M-47.8K0.0820.35N/AN/A20,6831,599171,74743,331
2020-03-19$1.44$1.00227.6%67.5%217.7%68.8%251.7%-5.5%1.8%59.0K-4.9M-43.1K0.1032.32N/AN/A7,850822174,42843,220
2020-03-20$1.44$1.00240.8%72.0%217.3%73.9%251.2%119.4%-60.5%46.9K-4.5M-43.6K0.0725.69N/AN/A16,0691,166174,76443,099
2020-03-23$1.38$1.00202.9%69.8%216.2%59.3%244.4%-5.7%-26.6%47.2K-4.2M-40.0K0.0325.17N/AN/A10,085313119,48435,329
2020-03-24$1.38$1.00233.2%63.5%214.9%70.9%221.1%1.2%-44.1%48.8K-4.0M-40.3K0.0351.54N/AN/A5,437171123,87935,479
2020-03-25$1.37$1.00189.6%67.6%214.7%54.2%240.0%-1.5%-77.7%41.0K-3.8M-39.7K0.0249.76N/AN/A4,875110125,88335,550
2020-03-26$1.37$1.00241.2%58.7%212.4%73.8%202.5%-39.4%73.4%42.1K-3.7M-39.6K0.0821.40N/AN/A3,621272126,88935,596
2020-03-27$1.41$1.00226.1%59.7%212.5%67.9%204.8%-16.5%15.0%45.5K-4.3M-41.6K0.0934.77N/AN/A3,709344129,37935,639
2020-03-30$1.34$1.00157.4%55.8%212.3%41.4%198.3%-34.1%-120.2%36.7K-3.1M-38.1K0.0343.39N/AN/A4,199144113,31033,500
2020-03-31$1.30$1.00148.7%47.9%212.5%38.0%139.9%-47.8%-92.3%34.8K-2.7M-35.2K0.0536.26N/AN/A4,730221115,04133,545