OUSA Options History — January 2021

In January 2021, OUSA traded between $37.47 and $38.70. ATM implied volatility averaged 25.5%, placing in the 13.8% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 17.1% (HV 20d: 8.4%). Max pain ranged from $35.00 to $38.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 12 of 19 days. Put/call ratio averaged 0.62.

Notable Days

  • 2021-01-15: Highest Volume — 44 contracts
  • 2021-01-27: Largest IV spike — 122.5% change
  • 2021-01-29: Highest IV Rank — 45.4%
  • 2021-01-29: Largest Expected Move — 17.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.22$37.47$38.70$37.78$37.47
Max Pain$36.11$35.00$38.00$35.00$38.00
ATM IV25.5%13.9%61.3%24.1%61.3%
Expected Move7.2%4.0%17.6%5.8%17.6%
HV 20d8.4%7.1%13.8%8.7%13.8%
HV 60d13.1%10.9%13.9%13.9%12.3%
IV Rank13.8%3.6%45.4%12.6%45.4%
IV Percentile29.0%2.0%92.1%25.0%92.1%
Term Structure8.4%-9.9%46.0%1.1%-8.6%
VWIV43.7%16.8%95.9%18.4%95.9%
Skew 25d7.8%-7.0%16.7%8.6%2.5%
Skew 10d13.3%-2.4%26.7%14.4%-2.4%
Call IV 25d24.4%11.6%58.6%21.0%52.6%
Put IV 25d32.2%20.3%59.0%29.7%55.1%
Bid-Ask Spread %127.3989.37167.59132.49167.59
Gamma HHI0.300.200.790.280.22
Net GEX14.7K3.6K30.9K20.4K4.3K
Net DEX-174.0K-245.4K-105.0K-191.5K-105.0K
Net VEX-567-646-433-567-631
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.620.004.000.330.00
Total Volume4.78904450
Total OI125.3688416014995

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-01-04$37.78$35.0024.1%5.8%8.7%12.6%0.0%8.6%1.1%20.4K-191.5K-5670.00132.49N/AN/A0512821
2021-01-05$37.88$35.0017.8%6.0%8.3%7.0%0.0%15.4%-0.4%18.1K-181.5K-5570.33116.16N/AN/A3112826
2021-01-06$38.05$35.0017.0%5.7%8.3%6.3%0.0%5.5%-0.2%18.2K-195.2K-5082.00110.07N/AN/A1212926
2021-01-07$38.34$35.0018.6%5.5%8.2%7.7%0.0%12.8%0.3%24.7K-209.9K-5210.00107.19N/AN/A0012925
2021-01-08$38.35$35.0020.1%5.3%8.2%9.1%0.0%15.7%1.8%28.2K-214.3K-4930.00105.72N/AN/A1012925
2021-01-11$38.34$35.0033.3%6.3%8.0%20.8%0.0%13.4%-0.3%24.1K-223.6K-5150.0089.37N/AN/A6012925
2021-01-12$38.27$35.0016.7%5.1%8.0%6.1%0.0%8.7%0.7%22.0K-245.4K-4330.14110.59N/AN/A7113525
2021-01-13$38.35$35.0017.3%5.0%7.7%6.6%0.0%10.9%2.2%21.7K-244.6K-5750.00125.43N/AN/A2013425
2021-01-14$38.22$35.0016.7%4.8%7.4%6.0%0.0%7.9%39.6%22.9K-225.5K-5240.00123.60N/AN/A0013325
2021-01-15$38.11$35.0016.2%4.6%7.4%5.6%0.0%9.6%46.0%30.9K-207.4K-5070.00133.91N/AN/A44013325
2021-01-19$38.25$35.0017.0%4.9%7.3%6.3%0.0%16.7%10.3%7.6K-136.2K-5730.00121.85N/AN/A006915
2021-01-20$38.53$35.0030.0%8.6%7.6%17.8%18.4%-1.2%-9.9%7.3K-142.4K-5844.00128.70N/AN/A286915
2021-01-21$38.52$38.0029.8%8.6%7.1%17.7%0.0%3.6%-3.8%5.0K-133.8K-6180.00124.58N/AN/A007022
2021-01-22$38.43$38.0027.4%7.9%7.2%15.5%0.0%7.2%13.9%5.1K-126.6K-6340.00130.89N/AN/A207022
2021-01-25$38.57$38.0038.9%11.2%7.2%25.7%0.0%16.3%-3.5%4.8K-132.8K-6390.00143.49N/AN/A007222
2021-01-26$38.70$38.0013.9%4.0%7.3%3.6%16.8%-7.0%10.9%5.4K-147.1K-6181.00124.69N/AN/A227222
2021-01-27$37.83$38.0031.0%8.9%10.9%18.7%95.9%0.4%35.9%3.6K-117.7K-6460.00160.56N/AN/A107422
2021-01-28$38.26$38.0037.1%10.6%11.6%24.1%0.0%0.7%22.7%4.7K-126.0K-6220.00163.49N/AN/A107422
2021-01-29$37.47$38.0061.3%17.6%13.8%45.4%0.0%2.5%-8.6%4.3K-105.0K-6310.00167.59N/AN/A007322