OUSA Options History — July 2020

In July 2020, OUSA traded between $33.38 and $35.15. ATM implied volatility averaged 40.4%, placing in the 28.0% IV rank vs the trailing year. The 30-day expected move averaged 10.9%. IV traded above realized volatility by 23.7% (HV 20d: 16.7%). Max pain ranged from $28.00 to $34.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 13 of 22 days. Put/call ratio averaged 1.52.

Notable Days

  • 2020-07-15: Highest Volume — 240 contracts
  • 2020-07-13: Largest IV spike — 176.3% change
  • 2020-07-07: Highest IV Rank — 75.1%
  • 2020-07-07: Largest Expected Move — 24.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.32$33.38$35.15$33.38$34.81
Max Pain$33.43$28.00$34.00$28.00$34.00
ATM IV40.4%21.0%94.5%83.5%28.7%
Expected Move10.9%6.0%24.3%23.9%8.2%
HV 20d16.7%10.2%27.2%27.2%10.6%
HV 60d22.7%20.8%25.2%25.2%20.8%
IV Rank28.0%11.1%75.1%65.5%17.8%
IV Percentile60.6%24.2%98.0%97.2%46.4%
Term Structure-2.1%-54.1%11.5%-54.1%0.7%
VWIV26.8%20.1%34.3%34.3%20.1%
Skew 25d14.5%-10.5%78.2%-1.2%7.7%
Skew 10d13.8%-11.5%78.2%22.5%-4.0%
Call IV 25d23.0%11.5%41.5%34.9%36.5%
Put IV 25d37.5%24.6%95.0%33.7%44.2%
Bid-Ask Spread %140.89106.35176.23158.38132.53
Gamma HHI0.320.200.480.480.29
Net GEX4.6K4498.9K8.6K1.3K
Net DEX-81.2K-130.9K-42.7K-110.9K-61.3K
Net VEX-405-768-162-328-518
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.520.006.480.000.00
Total Volume23.318024000
Total OI255.273187310278223

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$33.38$28.0083.5%23.9%27.2%65.5%0.0%-1.2%-54.1%8.6K-110.9K-3280.00158.38N/AN/A00117161
2020-07-02$33.48$28.0064.0%18.4%27.0%48.6%0.0%-10.5%-8.8%7.8K-80.2K-2390.00153.66N/AN/A10117161
2020-07-06$33.75$0.0034.5%9.6%25.6%22.9%34.3%33.4%8.2%7.5K-73.7K-1716.48167.45N/AN/A31201118161
2020-07-07$33.58$34.0094.5%24.3%25.6%75.1%0.0%78.2%-14.3%4.9K-95.9K-7680.00173.21N/AN/A00121163
2020-07-08$33.73$34.0047.9%19.7%25.6%34.6%0.0%28.9%4.3%3.4K-42.7K-4930.00176.23N/AN/A00121163
2020-07-09$33.50$34.0024.9%7.6%25.7%14.4%0.0%2.4%-2.9%5.0K-63.6K-1660.00106.35N/AN/A01121163
2020-07-10$33.79$34.0024.6%9.1%15.5%14.2%0.0%30.6%6.2%2.9K-73.5K-1620.00131.31N/AN/A180121164
2020-07-13$33.80$34.0067.8%10.4%15.5%51.9%0.0%1.5%5.4%8.9K-114.7K-3930.00144.80N/AN/A03139164
2020-07-14$34.15$34.0069.8%9.5%15.8%53.6%0.0%15.7%0.9%6.3K-103.4K-3140.00135.61N/AN/A10139167
2020-07-15$34.53$34.0030.2%8.7%14.4%19.1%26.0%15.6%2.2%8.8K-110.1K-4695.67121.14N/AN/A36204139167
2020-07-16$34.46$34.0031.1%8.9%14.4%19.9%0.0%14.6%4.6%7.1K-116.8K-3440.00153.46N/AN/A00143167
2020-07-17$34.70$34.0031.3%9.0%14.5%20.1%0.0%21.0%2.9%3.2K-130.9K-3330.00161.52N/AN/A00143167
2020-07-20$34.80$34.0033.6%9.6%14.4%22.0%20.1%7.8%-8.4%2.5K-59.2K-3310.00139.93N/AN/A11036151
2020-07-21$34.88$34.0021.0%6.0%14.4%11.1%0.0%8.4%4.7%4.2K-71.3K-4170.00128.66N/AN/A5047151
2020-07-22$35.15$34.0024.4%7.0%14.3%14.1%0.0%14.9%11.5%4.0K-87.9K-4760.00142.10N/AN/A0052151
2020-07-23$34.76$34.0027.2%7.8%11.8%16.5%0.0%15.8%1.3%3.8K-85.6K-4730.00122.22N/AN/A0052151
2020-07-24$34.57$34.0035.1%10.1%12.2%23.4%0.0%7.6%-9.4%4.7K-78.4K-4590.00137.34N/AN/A1052151
2020-07-27$34.79$34.0029.0%8.3%10.6%18.1%0.0%5.8%10.3%1.7K-57.4K-5130.00125.71N/AN/A0053170
2020-07-28$34.70$34.0029.4%8.4%10.7%18.4%0.0%11.1%-3.7%1.8K-55.2K-5150.00127.65N/AN/A0053170
2020-07-29$34.98$34.0021.5%6.2%10.2%11.5%0.0%15.2%-1.3%449-62.3K-5130.00126.99N/AN/A0053170
2020-07-30$34.70$34.0034.5%9.9%10.6%22.9%0.0%-6.3%-5.5%1.4K-51.6K-5140.00133.42N/AN/A0053170
2020-07-31$34.81$34.0028.7%8.2%10.6%17.8%0.0%7.7%0.7%1.3K-61.3K-5180.00132.53N/AN/A0053170