OUSA Options History — April 2021

In April 2021, OUSA traded between $39.99 and $41.65. ATM implied volatility averaged 15.4%, placing in the 9.4% IV rank vs the trailing year. The 30-day expected move averaged 4.6%. IV traded above realized volatility by 6.1% (HV 20d: 9.3%). Max pain ranged from $38.00 to $38.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 0.56.

Notable Days

2021-04-13: Highest Volume — 116 contracts
2021-04-08: Largest IV spike — 107.6% change
2021-04-09: Highest IV Rank — 19.7%
2021-04-30: Largest Expected Move — 5.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.97	$39.99	$41.65	$39.99	$40.97
Max Pain	$38.00	$38.00	$38.00	$38.00	$38.00
ATM IV	15.4%	7.0%	24.2%	12.3%	20.6%
Expected Move	4.6%	3.5%	5.9%	3.5%	5.9%
HV 20d	9.3%	8.6%	10.6%	10.6%	9.6%
HV 60d	11.9%	10.5%	12.6%	12.0%	10.6%
IV Rank	9.4%	0.0%	19.7%	4.8%	15.6%
IV Percentile	10.8%	0.0%	38.1%	1.6%	27.8%
Term Structure	0.7%	-8.2%	11.1%	-2.8%	5.3%
VWIV	16.9%	11.4%	31.2%	12.3%	31.2%
Skew 25d	4.6%	-6.1%	14.9%	-2.1%	7.3%
Skew 10d	7.0%	-12.4%	19.5%	-12.4%	5.9%
Call IV 25d	14.7%	6.7%	21.3%	21.3%	17.6%
Put IV 25d	19.3%	10.9%	25.3%	19.2%	24.8%
Bid-Ask Spread %	118.90	99.11	143.32	116.52	133.18
Gamma HHI	0.32	0.19	0.44	0.30	0.38
Net GEX	12.6K	7.9K	18.5K	16.5K	11.3K
Net DEX	-201.0K	-311.5K	-143.5K	-218.6K	-145.6K
Net VEX	-457	-584	-250	-330	-557
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.56	0.00	4.00	3.00	0.00
Total Volume	7.714	0	116	4	0
Total OI	102.524	83	146	104	90

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	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2021-04-01	$39.99	$38.00	12.3%	3.5%	10.6%	4.8%	12.3%	-2.1%	-2.8%	16.5K	-218.6K	-330	3.00	116.52	N/A	N/A	1	3	81	23
2021-04-05	$40.57	$0.00	13.3%	5.4%	8.6%	6.0%	11.4%	14.9%	-8.2%	13.7K	-253.3K	-250	0.11	108.31	N/A	N/A	9	1	81	26
2021-04-06	$40.45	$38.00	13.1%	5.8%	8.8%	5.8%	14.2%	-3.8%	5.1%	12.9K	-257.6K	-299	0.00	135.42	N/A	N/A	3	0	86	26
2021-04-07	$40.45	$38.00	7.0%	4.5%	8.8%	0.0%	0.0%	11.7%	-2.4%	14.9K	-220.6K	-261	0.00	116.61	N/A	N/A	2	0	76	26
2021-04-08	$40.53	$38.00	14.5%	4.0%	8.7%	8.6%	0.0%	-2.6%	-0.8%	7.9K	-180.3K	-395	0.00	99.11	N/A	N/A	3	0	77	26
2021-04-09	$40.78	$38.00	24.2%	3.7%	8.7%	19.7%	0.0%	-0.7%	1.8%	8.5K	-189.2K	-362	0.00	107.33	N/A	N/A	3	0	77	26
2021-04-12	$40.88	$38.00	13.8%	3.6%	8.7%	7.8%	0.0%	5.9%	0.8%	10.3K	-246.2K	-269	4.00	107.55	N/A	N/A	1	4	78	26
2021-04-13	$40.86	$38.00	12.7%	4.2%	8.8%	6.6%	15.5%	1.9%	-3.0%	8.1K	-247.6K	-261	0.22	108.89	N/A	N/A	95	21	78	26
2021-04-14	$40.75	$38.00	18.8%	5.4%	8.9%	13.5%	0.0%	6.3%	0.3%	17.6K	-267.1K	-555	0.00	133.94	N/A	N/A	2	0	118	26
2021-04-15	$41.19	$38.00	15.7%	4.5%	9.2%	9.9%	0.0%	6.9%	5.0%	18.5K	-294.3K	-522	0.00	115.03	N/A	N/A	1	0	120	26
2021-04-16	$41.51	$38.00	19.7%	5.6%	9.1%	14.5%	31.2%	0.3%	-5.1%	12.3K	-311.5K	-553	0.00	143.32	N/A	N/A	5	0	119	26
2021-04-19	$41.35	$38.00	16.4%	4.7%	9.4%	10.8%	0.0%	7.4%	1.5%	13.4K	-160.3K	-546	0.00	111.87	N/A	N/A	0	0	78	5
2021-04-20	$41.41	$38.00	13.3%	3.8%	9.4%	7.2%	0.0%	8.6%	6.0%	13.8K	-160.0K	-539	0.00	121.39	N/A	N/A	1	0	78	5
2021-04-21	$41.65	$38.00	13.3%	3.8%	9.3%	7.2%	0.0%	11.5%	0.7%	13.0K	-168.8K	-546	0.00	110.02	N/A	N/A	0	5	79	5
2021-04-22	$41.29	$38.00	14.3%	4.1%	10.2%	8.4%	0.0%	0.2%	11.1%	10.8K	-157.9K	-584	0.00	137.37	N/A	N/A	2	0	79	10
2021-04-23	$41.42	$38.00	17.3%	5.0%	10.2%	11.8%	0.0%	13.3%	-4.8%	13.9K	-154.4K	-566	0.00	119.72	N/A	N/A	0	0	80	10
2021-04-26	$41.11	$38.00	15.4%	4.4%	9.9%	9.6%	0.0%	7.1%	0.5%	10.5K	-151.6K	-580	0.00	101.52	N/A	N/A	0	0	80	10
2021-04-27	$41.12	$38.00	16.3%	4.7%	9.6%	10.6%	0.0%	-6.1%	-2.3%	12.3K	-148.3K	-548	0.00	118.12	N/A	N/A	0	0	80	10
2021-04-28	$40.90	$38.00	16.8%	4.8%	9.2%	11.2%	0.0%	8.1%	5.2%	11.6K	-143.5K	-541	0.00	128.65	N/A	N/A	0	0	80	10
2021-04-29	$41.15	$38.00	14.4%	4.1%	9.4%	8.5%	0.0%	0.8%	0.8%	12.6K	-144.9K	-528	0.00	123.15	N/A	N/A	0	0	80	10
2021-04-30	$40.97	$38.00	20.6%	5.9%	9.6%	15.6%	0.0%	7.3%	5.3%	11.3K	-145.6K	-557	0.00	133.18	N/A	N/A	0	0	80	10