OUSA Options History — January 2018

In January 2018, OUSA traded between $31.92 and $33.37. ATM implied volatility averaged 13.2%, placing in the 32.2% IV rank vs the trailing year. The 30-day expected move averaged 3.6%. IV traded above realized volatility by 7.4% (HV 20d: 5.8%). Max pain ranged from $31.00 to $32.00. Net GEX was positive for 10 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.98.

Notable Days

2018-01-19: Highest Volume — 79 contracts
2018-01-18: Largest IV spike — 77.2% change
2018-01-31: Highest IV Rank — 72.6%
2018-01-31: Largest Expected Move — 5.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.58	$31.92	$33.37	$31.92	$32.72
Max Pain	$31.10	$31.00	$32.00	$31.00	$31.00
ATM IV	13.2%	8.5%	19.9%	9.9%	19.9%
Expected Move	3.6%	2.3%	5.7%	2.8%	5.7%
HV 20d	5.8%	4.2%	9.2%	5.2%	9.2%
HV 60d	5.8%	5.3%	6.9%	5.4%	6.9%
IV Rank	32.2%	3.5%	72.6%	12.2%	72.6%
IV Percentile	65.0%	7.5%	98.8%	37.7%	98.8%
Term Structure	-1.9%	-6.7%	1.5%	-1.2%	-6.7%
VWIV	17.5%	7.7%	27.0%	17.8%	23.8%
Skew 25d	1.4%	-0.0%	4.1%	0.6%	2.3%
Skew 10d	4.0%	0.5%	8.9%	1.7%	7.6%
Call IV 25d	14.3%	8.6%	22.4%	12.2%	22.4%
Put IV 25d	15.7%	10.0%	24.7%	12.8%	24.7%
Bid-Ask Spread %	145.60	129.57	163.47	131.32	162.26
Gamma HHI	0.70	0.50	0.91	0.87	0.51
Net GEX	-1.3K	-10.1K	5.8K	-10.1K	5.3K
Net DEX	-103.2K	-139.9K	-14.5K	-104.6K	-77.8K
Net VEX	-57	-166	-5	-71	-133
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.98	0.05	1.71	1.71	0.08
Total Volume	52	7	79	65	26
Total OI	90.048	7	130	126	34

Daily Data (21 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-01-02	$31.92	$31.00	9.9%	2.8%	5.2%	12.2%	17.8%	0.6%	-1.2%	-10.1K	-104.6K	-71	1.71	131.32	N/A	N/A	24	41	39	87
2018-01-03	$32.00	$31.00	9.3%	2.7%	5.0%	8.5%	17.3%	0.6%	-2.0%	-8.6K	-111.2K	-48	1.71	130.45	N/A	N/A	24	41	39	87
2018-01-04	$32.06	$32.00	10.6%	2.6%	4.2%	16.3%	9.1%	0.9%	0.1%	-8.1K	-111.0K	-53	1.71	132.41	N/A	N/A	24	41	39	87
2018-01-05	$32.25	$32.00	10.3%	2.3%	4.5%	14.6%	7.7%	2.0%	1.5%	-5.0K	-118.3K	-30	1.58	132.79	N/A	N/A	26	41	39	87
2018-01-08	$32.28	$31.00	12.2%	2.5%	4.4%	25.8%	7.7%	1.5%	1.1%	-4.4K	-124.6K	-30	1.58	132.85	N/A	N/A	26	41	41	87
2018-01-09	$32.27	$31.00	12.2%	2.6%	4.3%	25.9%	15.6%	0.8%	-0.6%	-4.6K	-123.6K	-33	1.46	132.46	N/A	N/A	28	41	41	87
2018-01-10	$32.13	$31.00	8.6%	2.5%	4.6%	4.0%	15.5%	0.9%	-0.0%	-5.5K	-126.4K	-41	1.46	134.18	N/A	N/A	28	41	43	87
2018-01-11	$32.23	$31.00	8.6%	2.5%	4.6%	4.4%	10.5%	1.2%	0.7%	-3.6K	-131.3K	-27	1.46	137.11	N/A	N/A	28	41	43	87
2018-01-12	$32.45	$31.00	9.2%	2.6%	5.0%	8.0%	11.1%	1.6%	1.1%	-2.3K	-134.2K	-20	1.46	131.01	N/A	N/A	28	41	43	87
2018-01-16	$32.43	$31.00	9.8%	2.8%	4.9%	11.2%	12.2%	-0.0%	-2.7%	-1.3K	-135.7K	-13	1.46	132.16	N/A	N/A	28	41	43	87
2018-01-17	$32.77	$31.00	8.5%	2.4%	5.7%	3.5%	10.6%	1.2%	0.4%	441	-139.9K	-5	1.46	129.57	N/A	N/A	28	41	43	87
2018-01-18	$32.64	$31.00	15.1%	4.3%	5.9%	43.4%	20.6%	0.6%	-2.6%	-4.1K	-125.6K	-24	1.46	155.69	N/A	N/A	28	41	43	87
2018-01-19	$32.76	$31.00	15.0%	4.3%	5.9%	43.3%	20.1%	2.3%	-3.8%	798	-137.7K	-12	1.08	163.47	N/A	N/A	38	41	43	87
2018-01-22	$33.00	$31.00	15.6%	4.5%	6.2%	46.5%	20.3%	1.6%	-3.0%	687	-14.6K	-8	0.40	160.18	N/A	N/A	5	2	5	2
2018-01-23	$32.97	$31.00	15.5%	4.4%	6.2%	46.2%	23.0%	0.7%	-2.8%	701	-14.5K	-8	0.09	161.55	N/A	N/A	23	2	5	2
2018-01-24	$32.92	$31.00	15.8%	4.5%	5.9%	48.2%	21.4%	0.7%	-3.1%	3.7K	-59.2K	-96	0.05	157.93	N/A	N/A	40	2	23	2
2018-01-25	$32.96	$31.00	17.0%	4.9%	5.9%	55.1%	24.0%	1.0%	-3.5%	5.8K	-105.0K	-166	0.09	161.62	N/A	N/A	23	2	40	2
2018-01-26	$33.37	$31.00	16.8%	4.8%	7.0%	53.9%	27.0%	4.1%	-3.6%	4.9K	-114.3K	-138	0.09	160.29	N/A	N/A	23	2	40	2
2018-01-29	$33.23	$31.00	18.7%	5.4%	7.4%	65.3%	27.0%	2.4%	-4.7%	4.0K	-82.2K	-110	0.09	158.88	N/A	N/A	23	2	30	2
2018-01-30	$32.80	$31.00	18.9%	5.4%	9.1%	66.6%	25.7%	2.5%	-3.8%	4.7K	-74.8K	-129	0.08	159.37	N/A	N/A	24	2	30	2
2018-01-31	$32.72	$31.00	19.9%	5.7%	9.2%	72.6%	23.8%	2.3%	-6.7%	5.3K	-77.8K	-133	0.08	162.26	N/A	N/A	24	2	32	2