OUSA Options History — August 2020

In August 2020, OUSA traded between $35.18 and $37.51. ATM implied volatility averaged 31.2%, placing in the 20.0% IV rank vs the trailing year. The 30-day expected move averaged 8.1%. IV traded above realized volatility by 21.7% (HV 20d: 9.5%). Max pain ranged from $33.00 to $34.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.00.

Notable Days

2020-08-31: Highest Volume — 5 contracts
2020-08-06: Largest IV spike — 116.5% change
2020-08-11: Highest IV Rank — 37.8%
2020-08-04: Largest Expected Move — 12.7%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$36.33	$35.18	$37.51	$35.19	$37.49
Max Pain	$33.14	$33.00	$34.00	$34.00	$33.00
ATM IV	31.2%	19.0%	51.6%	31.3%	25.5%
Expected Move	8.1%	5.5%	12.7%	9.0%	7.3%
HV 20d	9.5%	7.1%	10.9%	10.9%	7.1%
HV 60d	18.5%	16.5%	20.9%	20.9%	16.5%
IV Rank	20.0%	9.4%	37.8%	20.1%	15.0%
IV Percentile	48.8%	13.9%	84.9%	55.2%	36.1%
Term Structure	-3.0%	-15.3%	17.1%	15.7%	-12.3%
Skew 25d	5.5%	-11.7%	15.8%	6.2%	11.1%
Skew 10d	11.2%	-5.1%	22.9%	11.5%	9.0%
Call IV 25d	22.5%	13.7%	32.1%	30.6%	20.8%
Put IV 25d	28.0%	19.6%	37.4%	36.8%	31.9%
Bid-Ask Spread %	151.94	106.29	182.74	175.94	126.48
Gamma HHI	0.31	0.26	0.38	0.28	0.35
Net GEX	3.7K	1.6K	5.8K	1.6K	4.7K
Net DEX	-100.2K	-126.3K	-69.0K	-71.0K	-124.2K
Net VEX	-450	-516	-391	-516	-401
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	0.429	0	5	1	5
Total OI	217.048	203	223	223	203

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	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2020-08-03	$35.19	$34.00	31.3%	9.0%	10.9%	20.1%	0.0%	6.2%	15.7%	1.6K	-71.0K	-516	175.94	N/A	N/A	1	53	170
2020-08-04	$35.18	$34.00	44.3%	12.7%	10.6%	31.4%	0.0%	5.3%	-10.2%	1.9K	-69.0K	-512	175.60	N/A	N/A	0	53	170
2020-08-05	$35.49	$34.00	20.1%	5.8%	10.8%	10.3%	0.0%	2.1%	-3.8%	2.5K	-82.8K	-484	163.51	N/A	N/A	0	53	170
2020-08-06	$35.74	$33.00	43.5%	9.1%	10.3%	30.7%	0.0%	12.8%	-2.8%	4.0K	-81.9K	-484	181.60	N/A	N/A	0	53	170
2020-08-07	$35.84	$33.00	45.4%	9.4%	10.1%	32.4%	0.0%	14.9%	-3.1%	3.8K	-82.3K	-480	182.74	N/A	N/A	1	52	170
2020-08-10	$35.93	$33.00	50.2%	9.6%	10.1%	36.5%	0.0%	15.8%	-10.0%	2.6K	-80.2K	-476	177.22	N/A	N/A	1	51	170
2020-08-11	$35.86	$33.00	51.6%	9.5%	9.8%	37.8%	0.0%	9.2%	-3.8%	1.9K	-83.8K	-488	180.57	N/A	N/A	0	52	170
2020-08-12	$36.34	$33.00	28.1%	8.0%	10.1%	17.2%	0.0%	11.4%	-12.1%	3.5K	-101.2K	-451	131.93	N/A	N/A	1	52	170
2020-08-13	$36.23	$33.00	31.1%	8.9%	10.2%	19.9%	0.0%	9.5%	-7.2%	2.5K	-98.9K	-472	132.57	N/A	N/A	0	53	170
2020-08-14	$36.13	$33.00	19.0%	5.5%	10.2%	9.4%	0.0%	4.0%	-1.7%	4.4K	-104.0K	-458	106.29	N/A	N/A	0	53	170
2020-08-17	$36.39	$33.00	24.0%	6.9%	10.4%	13.7%	0.0%	1.8%	-2.9%	4.4K	-108.4K	-443	120.20	N/A	N/A	0	53	170
2020-08-18	$36.40	$33.00	21.5%	6.2%	10.4%	11.5%	0.0%	-6.9%	-7.6%	3.6K	-107.9K	-442	129.63	N/A	N/A	0	53	170
2020-08-19	$36.30	$33.00	26.1%	7.5%	10.3%	15.6%	0.0%	3.1%	-4.7%	3.1K	-99.5K	-439	142.64	N/A	N/A	0	53	170
2020-08-20	$36.32	$33.00	33.9%	9.7%	9.2%	22.3%	0.0%	2.0%	-15.3%	3.5K	-101.0K	-440	133.76	N/A	N/A	0	53	170
2020-08-21	$36.50	$33.00	32.5%	9.3%	8.8%	21.1%	0.0%	10.8%	-12.1%	5.6K	-113.5K	-432	153.33	N/A	N/A	0	53	170
2020-08-24	$36.74	$33.00	28.2%	8.1%	8.8%	17.3%	0.0%	4.0%	7.1%	4.5K	-107.9K	-417	177.57	N/A	N/A	0	52	151
2020-08-25	$36.90	$33.00	20.6%	5.9%	8.6%	10.7%	0.0%	-1.2%	11.2%	5.8K	-119.7K	-405	139.73	N/A	N/A	0	52	151
2020-08-26	$37.15	$33.00	19.2%	5.5%	8.5%	9.5%	0.0%	-11.7%	17.1%	4.4K	-115.9K	-425	156.99	N/A	N/A	0	52	151
2020-08-27	$37.36	$33.00	22.7%	6.5%	7.4%	12.6%	0.0%	4.5%	9.0%	5.3K	-126.3K	-391	153.00	N/A	N/A	0	52	151
2020-08-28	$37.51	$33.00	36.9%	10.6%	7.4%	25.0%	0.0%	7.8%	-12.8%	5.0K	-124.8K	-391	149.40	N/A	N/A	0	52	151
2020-08-31	$37.49	$33.00	25.5%	7.3%	7.1%	15.0%	0.0%	11.1%	-12.3%	4.7K	-124.2K	-401	126.48	N/A	N/A	5	52	151