OUSA Options History — May 2020

In May 2020, OUSA traded between $30.93 and $33.02. ATM implied volatility averaged 36.9%, placing in the 25.0% IV rank vs the trailing year. The 30-day expected move averaged 8.6%. IV traded above realized volatility by 11.1% (HV 20d: 25.9%). Max pain ranged from $31.00 to $31.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 15 of 20 days. Put/call ratio averaged 0.00.

Notable Days

  • 2020-05-28: Highest Volume — 4 contracts
  • 2020-05-08: Largest IV spike — 68.0% change
  • 2020-05-11: Highest IV Rank — 52.0%
  • 2020-05-01: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.00$30.93$33.02$31.41$33.02
Max Pain$31.00$31.00$31.00$31.00$31.00
ATM IV36.9%20.1%67.9%42.9%26.0%
Expected Move8.6%5.7%12.3%12.3%7.5%
HV 20d25.9%23.3%33.8%33.8%23.3%
HV 60d50.9%48.8%52.1%50.8%48.8%
IV Rank25.0%10.3%52.0%30.2%15.5%
IV Percentile69.8%31.7%95.6%84.5%54.0%
Term Structure5.3%-13.6%23.2%-5.5%-1.6%
Skew 25d8.8%2.0%15.1%15.1%8.7%
Skew 10d5.4%-3.4%15.9%9.0%1.8%
Call IV 25d22.7%17.0%26.2%21.6%26.2%
Put IV 25d31.5%25.3%36.7%36.7%34.9%
Bid-Ask Spread %148.81113.20167.33117.07145.69
Gamma HHI0.480.310.730.390.65
Net GEX4.2K5136.1K5.0K4.3K
Net DEX-36.0K-68.0K-1.8K-47.2K-29.6K
Net VEX-252-396-73-335-232
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume0.30400
Total OI105.999112110103

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-05-01$31.41$31.0042.9%12.3%33.8%30.2%0.0%15.1%-5.5%5.0K-47.2K-3350.00117.07N/AN/A0010010
2020-05-04$31.53$0.0047.0%9.1%32.8%33.7%0.0%12.5%11.9%5.1K-58.9K-3960.00160.33N/AN/A0010010
2020-05-05$31.78$0.0034.3%7.7%26.8%22.7%0.0%9.1%1.2%4.9K-40.9K-2430.00158.15N/AN/A0010010
2020-05-06$31.47$0.0052.2%9.7%26.6%38.3%0.0%7.5%9.9%5.3K-56.4K-3580.00163.99N/AN/A1010010
2020-05-07$31.55$0.0034.9%7.5%25.9%23.2%0.0%7.3%0.6%4.8K-36.4K-2140.00161.06N/AN/A1010110
2020-05-08$32.14$0.0058.7%8.8%25.9%43.9%0.0%9.4%11.4%5.6K-66.7K-3830.00167.33N/AN/A0010210
2020-05-11$32.21$0.0067.9%8.8%25.2%52.0%0.0%9.3%10.6%6.1K-68.0K-3690.00166.07N/AN/A0010210
2020-05-12$31.72$0.0056.1%9.2%24.2%41.7%0.0%7.1%9.6%6.0K-56.9K-3350.00161.46N/AN/A0010210
2020-05-13$30.93$0.0035.9%10.3%24.6%24.1%0.0%7.7%-1.8%5.0K-26.9K-1700.00126.91N/AN/A0010210
2020-05-14$31.36$0.0034.1%9.8%25.1%22.5%0.0%12.3%10.0%5.5K-52.9K-3180.00152.86N/AN/A0010210
2020-05-15$31.35$0.0032.3%9.3%23.3%21.0%0.0%10.1%9.2%3.8K-39.0K-1510.00155.24N/AN/A0010210
2020-05-18$32.51$0.0024.2%6.9%26.3%13.9%0.0%9.2%1.9%2.9K-15.5K-1700.00154.96N/AN/A008910
2020-05-19$32.02$0.0029.6%8.5%25.3%18.5%0.0%12.0%10.7%2.0K-9.9K-1580.00156.39N/AN/A008910
2020-05-20$32.27$0.0029.7%8.5%24.7%18.6%0.0%2.0%7.2%3.4K-25.0K-2550.00142.23N/AN/A008910
2020-05-21$32.12$0.0028.6%8.2%24.8%17.7%0.0%9.1%-2.4%513-1.8K-730.00113.20N/AN/A008910
2020-05-22$32.08$0.0020.1%5.7%24.5%10.3%0.0%11.4%23.2%3.2K-21.1K-2340.00148.27N/AN/A008910
2020-05-26$32.65$0.0024.9%7.1%24.6%14.4%0.0%6.1%3.5%3.0K-15.0K-1770.00147.38N/AN/A008910
2020-05-27$32.93$0.0027.9%8.0%24.8%17.1%0.0%6.4%11.0%4.4K-32.0K-2730.00138.68N/AN/A008910
2020-05-28$33.02$0.0031.7%9.1%24.4%20.4%0.0%4.6%-13.6%3.6K-20.3K-1910.00139.02N/AN/A408910
2020-05-29$33.02$0.0026.0%7.5%23.3%15.5%0.0%8.7%-1.6%4.3K-29.6K-2320.00145.69N/AN/A009310