OUSA Options History — March 2021

In March 2021, OUSA traded between $36.99 and $40.23. ATM implied volatility averaged 17.0%, placing in the 6.7% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded above realized volatility by 4.2% (HV 20d: 12.8%). Max pain ranged from $34.00 to $37.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.29.

Notable Days

  • 2021-03-08: Highest Volume — 7 contracts
  • 2021-03-19: Largest IV spike — 59.7% change
  • 2021-03-08: Highest IV Rank — 14.7%
  • 2021-03-05: Largest Expected Move — 6.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.79$36.99$40.23$37.97$39.91
Max Pain$34.65$34.00$37.00$37.00$37.00
ATM IV17.0%8.1%28.1%21.6%12.8%
Expected Move4.8%2.3%6.3%6.2%3.7%
HV 20d12.8%8.5%14.0%9.1%13.0%
HV 60d11.7%10.3%12.3%10.3%12.0%
IV Rank6.7%0.0%14.7%8.8%5.4%
IV Percentile9.5%0.0%42.5%18.3%2.0%
Term Structure-0.7%-10.0%8.7%-5.6%-0.2%
VWIV17.0%9.3%36.6%9.3%12.5%
Skew 25d8.3%-0.3%15.5%11.7%-0.3%
Skew 10d8.8%-3.4%24.8%-3.4%3.2%
Call IV 25d13.9%8.8%22.8%10.0%10.5%
Put IV 25d22.2%10.2%30.5%21.7%10.2%
Bid-Ask Spread %120.32104.27132.51121.49118.67
Gamma HHI0.310.240.440.280.31
Net GEX16.2K9.6K34.0K11.3K18.2K
Net DEX-181.0K-227.7K-100.4K-138.2K-217.6K
Net VEX-426-522-304-518-304
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.290.003.000.000.50
Total Volume2.3040756
Total OI108100120104102

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-03-01$37.97$37.0021.6%6.2%9.1%8.8%9.3%11.7%-5.6%11.3K-138.2K-5180.00121.49N/AN/A508420
2021-03-02$37.91$37.0018.2%5.2%8.8%5.8%0.0%15.5%-4.5%11.8K-138.0K-5030.00131.40N/AN/A108720
2021-03-03$37.63$37.0017.7%5.1%8.5%5.3%0.0%13.7%0.6%11.1K-120.2K-5060.00129.39N/AN/A108720
2021-03-04$36.99$34.0025.1%6.3%10.3%11.9%0.0%8.0%-1.6%9.6K-100.4K-5220.00104.27N/AN/A008720
2021-03-05$37.88$34.0023.0%6.3%13.5%10.1%0.0%10.1%1.4%10.7K-132.3K-5100.00106.91N/AN/A008720
2021-03-08$38.15$34.0028.1%5.7%13.6%14.7%0.0%12.4%-0.7%12.5K-150.3K-4840.00110.18N/AN/A708720
2021-03-09$38.29$34.0017.7%5.9%13.7%5.3%0.0%6.9%-8.2%13.7K-155.7K-5180.00115.26N/AN/A109120
2021-03-10$38.57$34.0017.8%5.1%13.8%5.4%17.8%9.3%-0.2%16.4K-179.3K-4690.00118.42N/AN/A309120
2021-03-11$38.62$34.0019.9%5.7%13.8%7.3%0.0%3.3%-10.0%14.6K-179.1K-4640.00132.51N/AN/A009120
2021-03-12$38.75$34.0020.7%5.9%13.8%8.0%0.0%4.6%-6.1%17.4K-186.2K-4550.00117.84N/AN/A029120
2021-03-15$38.86$34.0015.3%4.4%13.8%3.8%0.0%13.8%2.6%17.3K-191.4K-4210.00129.38N/AN/A019122
2021-03-16$39.11$34.0014.2%4.1%13.9%2.6%13.9%6.3%-2.8%18.7K-209.0K-4100.00106.89N/AN/A309122
2021-03-17$39.04$34.0016.5%4.7%13.9%5.2%0.0%2.1%1.5%15.5K-204.7K-4290.00120.30N/AN/A109222
2021-03-18$38.89$34.008.1%2.3%14.0%0.0%13.4%14.4%5.8%17.0K-192.0K-4050.00121.56N/AN/A509322
2021-03-19$38.95$34.0013.0%3.7%13.7%5.1%0.0%4.7%8.7%34.0K-202.5K-4020.00120.41N/AN/A029822
2021-03-22$39.11$34.0019.2%5.5%13.6%11.7%0.0%11.1%-3.3%15.3K-196.3K-3960.00121.61N/AN/A008618
2021-03-23$39.03$34.0011.8%3.4%13.6%4.1%17.2%3.6%2.1%20.7K-199.0K-3450.00121.25N/AN/A018618
2021-03-24$39.22$34.0013.3%3.8%13.7%6.0%17.8%5.8%-6.7%18.4K-202.7K-3620.00127.61N/AN/A608619
2021-03-25$39.36$34.0017.6%5.0%12.4%11.0%21.2%11.8%-0.6%17.5K-214.7K-4030.00129.21N/AN/A019219
2021-03-26$39.89$35.0012.5%3.6%12.9%5.0%36.6%10.1%1.4%17.5K-211.5K-3160.00122.94N/AN/A028020
2021-03-29$40.23$35.0014.2%4.1%12.9%7.0%14.2%9.4%6.8%16.6K-227.7K-3283.00126.21N/AN/A138020
2021-03-30$39.89$35.0012.3%3.5%13.5%4.8%12.9%2.3%4.8%17.1K-214.1K-3380.00113.72N/AN/A018020
2021-03-31$39.91$37.0012.8%3.7%13.0%5.4%12.5%-0.3%-0.2%18.2K-217.6K-3040.50118.67N/AN/A428121