OUSA Options History — December 2018

In December 2018, OUSA traded between $28.59 and $32.83. ATM implied volatility averaged 25.0%, placing in the 17.0% IV rank vs the trailing year. The 30-day expected move averaged 6.9%. IV traded above realized volatility by 9.1% (HV 20d: 15.9%). Max pain ranged from $29.00 to $33.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 0.10.

Notable Days

2018-12-24: Highest Volume — 87 contracts
2018-12-19: Largest IV spike — 67.8% change
2018-12-19: Highest IV Rank — 26.8%
2018-12-19: Largest Expected Move — 10.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$30.90	$28.59	$32.83	$32.83	$29.97
Max Pain	$29.71	$29.00	$33.00	$33.00	$29.00
ATM IV	25.0%	19.3%	34.9%	20.5%	26.8%
Expected Move	6.9%	5.3%	10.0%	5.9%	7.7%
HV 20d	15.9%	12.3%	22.2%	12.7%	21.6%
HV 60d	14.4%	12.4%	17.3%	12.4%	17.3%
IV Rank	17.0%	11.5%	26.8%	12.7%	18.5%
IV Percentile	80.7%	55.6%	96.8%	67.5%	88.9%
Term Structure	-3.6%	-8.1%	2.7%	-3.9%	-5.6%
VWIV	31.0%	16.9%	45.7%	22.8%	45.7%
Skew 25d	0.8%	-7.5%	5.6%	2.2%	3.2%
Skew 10d	0.6%	-12.8%	7.4%	7.3%	0.6%
Call IV 25d	25.8%	18.2%	38.3%	23.0%	27.6%
Put IV 25d	26.6%	19.5%	38.8%	25.2%	30.8%
Bid-Ask Spread %	160.48	148.08	184.18	167.47	158.27
Gamma HHI	0.43	0.25	0.77	0.27	0.59
Net GEX	11.9K	9.8K	15.3K	10.9K	13.5K
Net DEX	-186.7K	-290.2K	-103.7K	-210.7K	-162.8K
Net VEX	-557	-657	-468	-544	-477
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.10	0.00	0.71	0.00	0.00
Total Volume	26.25	0	87	0	0
Total OI	131.75	107	147	107	137

Daily Data (20 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
2018-12-03	$32.83	$0.00	20.5%	5.9%	12.7%	12.7%	0.0%	2.2%	-3.9%	10.9K	-210.7K	-544	0.00	167.47	N/A	N/A	0	0	101	6
2018-12-04	$32.21	$0.00	23.4%	6.7%	14.2%	15.6%	0.0%	0.1%	-4.6%	10.2K	-193.2K	-520	0.00	164.75	N/A	N/A	0	0	101	6
2018-12-05	$32.23	$0.00	24.1%	6.9%	14.1%	16.3%	0.0%	1.2%	-5.2%	10.1K	-191.6K	-536	0.00	163.75	N/A	N/A	0	0	101	6
2018-12-06	$32.05	$33.00	24.2%	6.0%	12.9%	16.4%	0.0%	4.5%	-1.8%	9.8K	-173.8K	-571	0.00	158.05	N/A	N/A	0	0	101	6
2018-12-07	$31.95	$33.00	23.8%	5.3%	12.9%	16.0%	0.0%	1.5%	-3.0%	10.1K	-173.6K	-550	0.00	156.90	N/A	N/A	0	0	101	6
2018-12-10	$31.80	$33.00	23.6%	5.7%	12.9%	15.8%	22.8%	3.2%	-0.7%	9.9K	-160.4K	-569	0.00	148.08	N/A	N/A	80	0	101	6
2018-12-11	$31.89	$29.00	25.4%	5.4%	12.5%	17.6%	16.9%	1.8%	-0.9%	13.1K	-283.1K	-606	0.00	154.90	N/A	N/A	80	0	141	6
2018-12-12	$31.99	$29.00	19.7%	5.6%	12.3%	11.8%	31.8%	2.3%	-3.4%	13.3K	-290.2K	-578	0.00	161.96	N/A	N/A	80	0	141	6
2018-12-13	$31.99	$29.00	19.3%	5.5%	12.3%	11.5%	32.3%	2.5%	-1.2%	13.1K	-273.6K	-588	0.00	161.22	N/A	N/A	80	0	136	6
2018-12-14	$31.35	$29.00	20.7%	5.9%	14.2%	12.8%	32.0%	0.1%	-3.4%	13.1K	-244.8K	-597	0.00	158.62	N/A	N/A	80	0	136	6
2018-12-17	$30.57	$29.00	20.4%	5.8%	16.0%	12.3%	0.0%	1.3%	-1.3%	13.3K	-217.8K	-569	0.00	149.30	N/A	N/A	0	5	136	6
2018-12-18	$30.61	$29.00	20.8%	6.0%	15.9%	12.6%	0.0%	2.1%	-1.3%	12.5K	-189.7K	-600	0.00	152.89	N/A	N/A	0	5	136	11
2018-12-19	$30.15	$29.00	34.9%	10.0%	16.2%	26.8%	0.0%	-0.1%	-8.1%	10.0K	-173.4K	-657	0.00	184.18	N/A	N/A	0	5	136	11
2018-12-20	$29.64	$29.00	22.2%	6.4%	17.0%	14.0%	0.0%	-5.6%	2.7%	11.9K	-140.1K	-593	0.00	148.91	N/A	N/A	0	5	136	11
2018-12-21	$29.48	$29.00	29.6%	8.5%	17.0%	21.5%	0.0%	-4.6%	-7.9%	12.5K	-130.9K	-571	0.71	163.40	N/A	N/A	7	5	136	11
2018-12-24	$28.59	$29.00	32.3%	9.3%	19.1%	24.2%	35.8%	-7.5%	-7.1%	10.5K	-103.7K	-489	0.00	155.85	N/A	N/A	87	0	131	6
2018-12-26	$29.40	$29.00	31.5%	9.0%	22.2%	23.3%	0.0%	5.6%	-5.3%	12.1K	-137.8K	-523	0.00	168.26	N/A	N/A	0	0	131	6
2018-12-27	$29.58	$29.00	28.8%	8.3%	21.5%	20.6%	0.0%	0.2%	-3.6%	15.3K	-129.9K	-468	0.00	164.41	N/A	N/A	0	0	131	6
2018-12-28	$29.72	$29.00	27.9%	8.0%	21.5%	19.6%	45.7%	1.9%	-7.4%	12.0K	-153.2K	-524	0.00	168.41	N/A	N/A	0	6	131	6
2018-12-31	$29.97	$29.00	26.8%	7.7%	21.6%	18.5%	0.0%	3.2%	-5.6%	13.5K	-162.8K	-477	0.00	158.27	N/A	N/A	0	0	131	6