OUSA Options History — November 2018

In November 2018, OUSA traded between $31.51 and $32.72. ATM implied volatility averaged 25.7%, placing in the 17.9% IV rank vs the trailing year. The 30-day expected move averaged 5.8%. IV traded above realized volatility by 11.7% (HV 20d: 14.0%). Max pain ranged from $33.00 to $33.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.22.

Notable Days

2018-11-05: Highest Volume — 68 contracts
2018-11-05: Largest IV spike — 82.7% change
2018-11-13: Highest IV Rank — 49.4%
2018-11-05: Largest Expected Move — 8.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$32.14	$31.51	$32.72	$31.63	$32.69
Max Pain	$33.00	$33.00	$33.00	$33.00	$33.00
ATM IV	25.7%	14.9%	57.0%	24.5%	20.0%
Expected Move	5.8%	4.3%	8.4%	7.0%	5.7%
HV 20d	14.0%	12.6%	16.4%	15.7%	12.8%
HV 60d	11.8%	11.1%	12.4%	11.1%	12.4%
IV Rank	17.9%	7.0%	49.4%	16.7%	12.2%
IV Percentile	71.7%	17.1%	99.6%	89.3%	63.1%
Term Structure	-3.4%	-11.4%	2.8%	-7.2%	-6.3%
VWIV	31.4%	30.5%	32.3%	30.5%	32.3%
Skew 25d	2.8%	0.1%	7.8%	3.0%	0.2%
Skew 10d	4.6%	-1.5%	14.2%	-1.5%	1.2%
Call IV 25d	21.8%	15.2%	30.2%	26.2%	23.7%
Put IV 25d	24.6%	18.8%	38.0%	29.1%	23.9%
Bid-Ask Spread %	167.46	155.22	183.82	161.87	164.07
Gamma HHI	0.26	0.23	0.31	0.31	0.27
Net GEX	8.2K	3.8K	10.7K	5.3K	10.7K
Net DEX	-129.5K	-197.8K	-37.8K	-38.7K	-197.8K
Net VEX	-528	-597	-371	-371	-578
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.22	0.16	0.33	0.33	0.16
Total Volume	48.095	34	68	40	43
Total OI	93.905	65	109	65	107

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
2018-11-01	$31.63	$33.00	24.5%	7.0%	15.7%	16.7%	30.5%	3.0%	-7.2%	5.3K	-38.7K	-371	0.33	161.87	N/A	N/A	30	10	55	10
2018-11-02	$31.60	$33.00	22.8%	6.5%	15.7%	15.0%	32.3%	2.4%	-8.0%	5.3K	-37.8K	-375	0.33	159.17	N/A	N/A	30	10	55	10
2018-11-05	$31.98	$0.00	41.7%	8.4%	16.2%	34.0%	0.0%	5.0%	-5.2%	3.8K	-57.7K	-409	0.17	175.88	N/A	N/A	58	10	55	10
2018-11-06	$32.11	$0.00	21.2%	5.6%	16.4%	13.4%	0.0%	2.2%	-2.4%	7.7K	-108.7K	-521	0.17	162.53	N/A	N/A	58	10	83	10
2018-11-07	$32.64	$0.00	31.9%	5.1%	16.1%	24.2%	0.0%	3.9%	-1.3%	8.4K	-126.7K	-523	0.17	176.53	N/A	N/A	58	10	83	10
2018-11-08	$32.66	$0.00	28.7%	4.7%	13.1%	20.9%	0.0%	3.0%	-1.4%	8.7K	-132.9K	-507	0.17	171.39	N/A	N/A	58	10	83	10
2018-11-09	$32.72	$0.00	39.0%	6.2%	13.1%	31.3%	0.0%	0.1%	-11.4%	7.7K	-135.5K	-535	0.17	183.82	N/A	N/A	58	10	83	10
2018-11-12	$32.37	$0.00	42.4%	5.4%	13.8%	34.7%	0.0%	1.7%	-2.9%	8.3K	-122.0K	-504	0.21	165.59	N/A	N/A	48	10	83	10
2018-11-13	$32.13	$0.00	57.0%	7.0%	13.7%	49.4%	0.0%	1.5%	-3.0%	8.9K	-143.2K	-513	0.21	179.89	N/A	N/A	48	10	93	10
2018-11-14	$32.14	$0.00	23.9%	6.9%	13.7%	16.1%	0.0%	1.0%	-3.7%	7.5K	-137.8K	-588	0.26	182.72	N/A	N/A	39	10	93	10
2018-11-15	$32.20	$0.00	18.5%	5.3%	13.4%	10.6%	0.0%	1.8%	-3.0%	8.9K	-135.9K	-551	0.28	164.39	N/A	N/A	36	10	94	10
2018-11-16	$32.48	$0.00	19.4%	5.6%	13.6%	11.6%	0.0%	1.9%	-1.3%	9.1K	-161.1K	-568	0.28	165.48	N/A	N/A	36	10	99	10
2018-11-19	$32.20	$0.00	17.4%	5.0%	13.7%	9.6%	0.0%	2.7%	-2.4%	9.5K	-154.9K	-567	0.21	166.97	N/A	N/A	28	6	91	6
2018-11-20	$31.82	$0.00	16.5%	4.7%	14.4%	8.7%	0.0%	4.1%	1.8%	8.7K	-141.7K	-573	0.21	161.90	N/A	N/A	28	6	91	6
2018-11-21	$31.68	$0.00	16.3%	4.7%	14.0%	8.5%	0.0%	1.6%	-2.8%	9.0K	-136.6K	-552	0.21	164.29	N/A	N/A	28	6	91	6
2018-11-23	$31.51	$0.00	21.4%	6.1%	14.2%	13.6%	0.0%	7.8%	-5.3%	6.8K	-138.2K	-597	0.21	163.91	N/A	N/A	28	6	91	6
2018-11-26	$31.70	$0.00	19.1%	5.5%	12.7%	11.2%	0.0%	5.2%	-3.3%	7.0K	-133.4K	-589	0.21	155.22	N/A	N/A	28	6	91	6
2018-11-27	$31.89	$0.00	14.9%	4.3%	12.8%	7.0%	0.0%	3.6%	2.8%	9.8K	-137.2K	-557	0.21	162.45	N/A	N/A	28	6	91	6
2018-11-28	$32.35	$0.00	21.9%	6.3%	12.7%	14.1%	0.0%	3.1%	-1.2%	9.8K	-149.9K	-530	0.16	161.66	N/A	N/A	37	6	91	6
2018-11-29	$32.48	$0.00	20.3%	5.8%	12.6%	12.5%	0.0%	1.9%	-3.2%	10.6K	-192.4K	-585	0.16	166.91	N/A	N/A	37	6	101	6
2018-11-30	$32.69	$0.00	20.0%	5.7%	12.8%	12.2%	0.0%	0.2%	-6.3%	10.7K	-197.8K	-578	0.16	164.07	N/A	N/A	37	6	101	6