OUSA Options History — February 2018

In February 2018, OUSA traded between $30.13 and $32.58. ATM implied volatility averaged 20.0%, placing in the 46.9% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 0.8% (HV 20d: 19.2%). Max pain ranged from $31.00 to $31.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 6 of 19 days. Put/call ratio averaged 0.53.

Notable Days

2018-02-09: Highest Volume — 123 contracts
2018-02-06: Largest IV spike — 143.8% change
2018-02-06: Highest IV Rank — 100.0%
2018-02-09: Largest Expected Move — 7.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$31.12	$30.13	$32.58	$32.58	$31.09
Max Pain	$31.00	$31.00	$31.00	$31.00	$31.00
ATM IV	20.0%	14.5%	36.6%	20.4%	22.4%
Expected Move	5.3%	4.2%	7.1%	4.2%	6.4%
HV 20d	19.2%	9.3%	22.0%	9.3%	21.7%
HV 60d	12.3%	7.0%	14.0%	7.0%	14.0%
IV Rank	46.9%	23.1%	100.0%	75.9%	50.6%
IV Percentile	94.6%	84.5%	100.0%	98.8%	96.8%
Term Structure	-0.1%	-9.2%	33.8%	-1.4%	-6.2%
VWIV	18.7%	10.6%	23.4%	21.6%	22.1%
Skew 25d	-3.8%	-125.3%	12.6%	2.6%	1.4%
Skew 10d	-4.5%	-125.3%	9.2%	2.9%	4.3%
Call IV 25d	26.7%	15.6%	139.5%	15.6%	24.3%
Put IV 25d	22.9%	14.2%	29.1%	18.2%	25.7%
Bid-Ask Spread %	149.44	135.34	193.05	151.42	143.01
Gamma HHI	0.40	0.31	0.60	0.50	0.32
Net GEX	6.3K	1.9K	13.8K	4.7K	2.2K
Net DEX	-54.0K	-108.1K	-17.5K	-73.8K	-23.1K
Net VEX	-447	-612	-144	-144	-461
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.53	0.04	0.89	0.08	0.89
Total Volume	75.842	26	123	26	68
Total OI	102.158	34	145	34	103

Daily Data (19 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
2018-02-01	$32.58	$0.00	20.4%	4.2%	9.3%	75.9%	0.0%	2.6%	-1.4%	4.7K	-73.8K	-144	0.08	151.42	N/A	N/A	24	2	32	2
2018-02-02	$31.95	$0.00	22.9%	4.6%	11.8%	91.1%	0.0%	-0.6%	-3.5%	5.4K	-60.8K	-158	0.08	153.12	N/A	N/A	24	2	32	2
2018-02-05	$30.88	$0.00	15.0%	4.3%	16.6%	43.1%	0.0%	-125.3%	33.8%	1.9K	-48.6K	-162	0.06	193.05	N/A	N/A	35	2	32	2
2018-02-06	$30.97	$0.00	36.6%	6.1%	16.7%	100.0%	21.6%	-1.8%	-3.4%	6.6K	-73.1K	-300	0.05	149.09	N/A	N/A	55	3	53	2
2018-02-07	$31.09	$31.00	15.2%	4.4%	16.8%	25.4%	11.8%	1.2%	7.4%	10.9K	-108.1K	-383	0.04	163.10	N/A	N/A	73	3	73	3
2018-02-08	$30.13	$31.00	23.1%	6.6%	19.8%	52.9%	19.1%	12.6%	0.1%	13.8K	-86.3K	-361	0.67	135.34	N/A	N/A	73	49	93	3
2018-02-09	$30.42	$31.00	24.9%	7.1%	20.2%	59.2%	22.7%	2.6%	-4.4%	7.2K	-22.1K	-608	0.68	151.53	N/A	N/A	73	50	94	47
2018-02-12	$30.72	$31.00	17.2%	4.9%	20.4%	32.3%	14.9%	5.7%	6.9%	8.0K	-47.8K	-612	0.44	155.14	N/A	N/A	73	32	94	47
2018-02-13	$30.82	$31.00	20.2%	5.8%	20.5%	42.9%	21.7%	5.0%	-4.6%	9.5K	-38.2K	-602	0.49	141.48	N/A	N/A	65	32	94	49
2018-02-14	$30.91	$31.00	16.9%	4.8%	20.1%	31.2%	16.4%	3.4%	-0.8%	11.5K	-45.7K	-596	0.49	142.36	N/A	N/A	65	32	96	49
2018-02-15	$31.24	$31.00	14.5%	4.2%	20.6%	23.1%	10.6%	3.5%	5.4%	12.2K	-67.6K	-582	0.49	142.41	N/A	N/A	65	32	94	49
2018-02-16	$31.50	$31.00	14.9%	4.3%	20.9%	24.3%	13.1%	2.6%	3.8%	5.3K	-80.0K	-565	0.56	149.32	N/A	N/A	57	32	94	49
2018-02-20	$31.06	$31.00	19.7%	5.6%	21.0%	41.0%	20.3%	4.1%	-5.3%	2.9K	-32.6K	-528	0.82	146.00	N/A	N/A	39	32	61	49
2018-02-21	$30.80	$31.00	17.3%	5.0%	21.1%	32.7%	19.3%	2.3%	-1.2%	2.9K	-17.5K	-525	0.82	145.03	N/A	N/A	39	32	61	49
2018-02-22	$30.84	$31.00	18.9%	5.4%	21.1%	38.4%	20.4%	3.4%	-4.5%	2.8K	-19.1K	-517	0.82	147.95	N/A	N/A	39	32	61	49
2018-02-23	$31.29	$31.00	18.8%	5.4%	22.0%	37.8%	18.2%	4.9%	-5.4%	3.6K	-46.9K	-508	0.82	148.07	N/A	N/A	39	32	61	49
2018-02-26	$31.63	$31.00	17.6%	5.0%	21.9%	33.7%	23.3%	1.7%	-8.8%	5.4K	-78.7K	-450	0.89	140.28	N/A	N/A	36	32	61	49
2018-02-27	$31.32	$31.00	23.7%	6.8%	22.0%	55.1%	23.4%	-1.1%	-9.2%	3.4K	-56.1K	-438	0.89	141.58	N/A	N/A	36	32	54	49
2018-02-28	$31.09	$31.00	22.4%	6.4%	21.7%	50.6%	22.1%	1.4%	-6.2%	2.2K	-23.1K	-461	0.89	143.01	N/A	N/A	36	32	54	49