OPK Options History — March 2023

In March 2023, OPK traded between $1.06 and $1.46. ATM implied volatility averaged 114.2%, placing in the 17.6% IV rank vs the trailing year. The 30-day expected move averaged 28.4%. IV traded above realized volatility by 46.4% (HV 20d: 67.8%). Max pain ranged from $1.00 to $2.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.06.

Notable Days

  • 2023-03-28: Highest Volume — 5,310 contracts
  • 2023-03-23: Largest IV spike — 69.7% change
  • 2023-03-07: Highest IV Rank — 31.6%
  • 2023-03-02: Largest Expected Move — 39.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$1.28$1.06$1.46$1.15$1.46
Max Pain$1.09$1.00$2.00$1.00$1.00
ATM IV114.2%51.2%171.9%121.7%83.5%
Expected Move28.4%14.7%39.1%34.9%23.9%
HV 20d67.8%58.1%76.2%70.8%58.1%
HV 60d77.8%71.3%81.4%76.4%71.3%
IV Rank17.6%2.4%31.6%19.5%10.2%
IV Percentile69.4%2.8%93.3%86.1%48.8%
Term Structure-9.6%-136.0%248.8%-80.8%10.8%
VWIV109.9%41.1%214.3%214.3%91.0%
Skew 25d3.6%-54.4%91.2%-27.9%-54.4%
Skew 10d25.1%-67.1%125.5%83.6%-67.1%
Call IV 25d92.7%60.0%142.3%89.4%142.3%
Put IV 25d96.3%61.6%165.7%61.6%87.9%
Bid-Ask Spread %51.1510.21108.9189.2828.09
Gamma HHI0.220.160.420.360.25
Net GEX11.0K6.3K16.4K15.0K16.4K
Net DEX-903.2K-1.7M-440.0K-516.3K-1.7M
Net VEX-16.5K-19.4K-13.3K-14.1K-19.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.060.000.300.220.01
Total Volume948.217225,31022530
Total OI49,776.73944,03055,59349,89452,139

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$1.15$1.00121.7%34.9%70.8%19.5%214.3%-27.9%-80.8%15.0K-516.3K-14.1K0.2289.28N/AN/A18435,87214,022
2023-03-02$1.19$1.00136.4%39.1%61.8%23.0%177.8%91.2%0.2%12.8K-657.0K-14.6K0.0393.10N/AN/A40135,88314,020
2023-03-03$1.15$1.00114.6%32.8%62.4%17.7%130.1%12.2%-26.8%15.1K-500.6K-14.1K0.0080.68N/AN/A31035,88014,019
2023-03-06$1.12$1.00133.7%34.6%62.6%22.3%120.0%9.2%-29.6%15.0K-440.2K-13.3K0.0095.11N/AN/A56035,85814,019
2023-03-07$1.06$1.00171.9%30.9%62.9%31.6%0.0%21.0%-27.2%11.6K-440.0K-13.5K0.15108.91N/AN/A1061635,85214,019
2023-03-08$1.13$1.00129.7%32.1%67.9%21.4%141.7%-13.3%7.9%13.7K-728.4K-14.6K0.1073.38N/AN/A2,58425535,86514,011
2023-03-09$1.23$2.00134.7%26.0%74.0%22.6%74.2%-7.7%-25.0%6.3K-953.7K-15.2K0.0747.86N/AN/A1,3259437,35314,205
2023-03-10$1.23$2.00168.5%26.4%73.2%30.8%116.2%-7.3%-12.3%6.6K-984.6K-15.3K0.0148.38N/AN/A2,5723637,98314,259
2023-03-13$1.25$1.00151.2%19.8%73.5%26.6%68.5%5.7%26.3%7.0K-1.1M-16.3K0.0145.30N/AN/A916539,31114,252
2023-03-14$1.31$1.00154.3%30.7%75.0%27.3%137.5%-5.9%-37.5%7.9K-1.3M-17.7K0.0344.22N/AN/A1,0643339,49014,250
2023-03-15$1.35$1.00124.3%35.6%74.3%20.1%110.5%14.0%-19.8%8.1K-1.5M-17.8K0.1113.13N/AN/A2382740,21314,271
2023-03-16$1.40$1.0084.9%24.3%75.0%10.5%124.5%-39.5%-5.7%8.9K-1.3M-17.4K0.0132.98N/AN/A1,6481440,09314,283
2023-03-17$1.35$1.00130.0%37.3%76.2%21.5%83.1%51.6%-26.8%9.6K-1.3M-16.9K0.1015.50N/AN/A7517741,31614,277
2023-03-20$1.33$1.0051.2%14.7%76.1%2.4%41.1%10.2%248.8%8.7K-578.2K-17.1K0.0210.21N/AN/A8351530,36713,663
2023-03-21$1.35$1.0075.1%21.5%71.7%8.2%87.9%-1.5%22.7%10.1K-686.2K-17.5K0.0516.44N/AN/A4202131,12113,663
2023-03-22$1.33$1.0079.1%22.7%70.2%9.2%0.0%2.7%-31.1%10.1K-642.4K-17.6K0.0158.36N/AN/A498531,36513,670
2023-03-23$1.27$1.00134.2%38.5%71.0%22.5%87.6%-9.4%-136.0%9.9K-569.0K-16.7K0.3023.23N/AN/A1655031,67713,671
2023-03-24$1.29$1.0091.8%26.3%64.4%12.2%122.1%-20.6%-40.2%9.9K-549.2K-16.7K0.0111.57N/AN/A177231,76213,720
2023-03-27$1.33$1.00104.4%29.9%59.1%15.3%0.0%-7.6%-33.5%9.4K-547.7K-16.6K0.0569.96N/AN/A118631,92313,721
2023-03-28$1.38$1.0080.2%23.0%59.8%9.4%85.3%3.1%40.2%10.8K-811.0K-18.0K0.0040.11N/AN/A5,303731,97713,727
2023-03-29$1.40$1.0077.8%22.3%59.8%8.8%76.6%32.9%-7.0%14.8K-1.5M-19.4K0.0341.12N/AN/A317837,02813,734
2023-03-30$1.40$1.0094.2%27.0%59.2%12.8%108.0%23.6%-37.3%15.8K-1.5M-19.1K0.0089.49N/AN/A1,419237,32513,736
2023-03-31$1.46$1.0083.5%23.9%58.1%10.2%91.0%-54.4%10.8%16.4K-1.7M-19.4K0.0128.09N/AN/A527338,40213,737