OUSA Options History — July 2021

In July 2021, OUSA traded between $42.20 and $43.56. ATM implied volatility averaged 18.4%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 8.7% (HV 20d: 9.7%). Max pain ranged from $37.00 to $38.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.14.

Notable Days

2021-07-16: Highest Volume — 94 contracts
2021-07-13: Largest IV spike — 255.5% change
2021-07-19: Highest IV Rank — 52.3%
2021-07-19: Largest Expected Move — 10.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.95	$42.20	$43.56	$42.20	$43.35
Max Pain	$37.90	$37.00	$38.00	$37.00	$38.00
ATM IV	18.4%	7.4%	38.0%	11.2%	14.8%
Expected Move	5.3%	3.2%	10.9%	3.2%	4.2%
HV 20d	9.7%	8.0%	10.6%	8.0%	10.6%
HV 60d	10.6%	10.2%	11.0%	10.2%	10.7%
IV Rank	18.5%	0.6%	52.3%	4.9%	13.1%
IV Percentile	34.9%	0.4%	90.9%	2.4%	21.4%
Term Structure	-2.7%	-12.7%	5.6%	1.8%	-3.4%
VWIV	14.2%	5.8%	22.9%	16.5%	5.8%
Skew 25d	7.2%	0.1%	21.3%	6.5%	11.3%
Skew 10d	7.2%	-2.0%	15.6%	0.5%	5.5%
Call IV 25d	12.8%	5.9%	25.8%	7.0%	5.9%
Put IV 25d	20.0%	13.5%	33.6%	13.5%	17.2%
Bid-Ask Spread %	127.97	92.73	185.29	109.70	133.64
Gamma HHI	0.54	0.34	0.86	0.63	0.39
Net GEX	38.5K	14.6K	76.7K	35.0K	37.1K
Net DEX	-278.4K	-379.7K	-186.6K	-186.6K	-343.0K
Net VEX	-561	-886	-216	-287	-821
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.14	0.00	1.00	1.00	0.00
Total Volume	9.714	0	94	0	1
Total OI	133.81	104	158	104	158

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
2021-07-01	$42.20	$37.00	11.2%	3.2%	8.0%	4.9%	0.0%	6.5%	1.8%	35.0K	-186.6K	-287	0.00	109.70	N/A	N/A	0	0	94	10
2021-07-02	$42.60	$37.00	13.1%	3.8%	8.4%	7.0%	0.0%	0.1%	-2.5%	38.3K	-224.0K	-300	0.00	121.85	N/A	N/A	0	0	94	10
2021-07-06	$42.47	$38.00	13.6%	3.8%	8.4%	7.5%	0.0%	7.3%	0.1%	38.3K	-218.0K	-269	1.00	92.73	N/A	N/A	2	2	94	10
2021-07-07	$42.76	$38.00	10.3%	4.7%	8.6%	3.8%	0.0%	5.4%	-12.6%	50.9K	-232.7K	-269	0.00	132.77	N/A	N/A	1	0	96	12
2021-07-08	$42.42	$38.00	28.3%	6.1%	9.2%	33.9%	0.0%	5.3%	-12.7%	18.2K	-226.7K	-335	0.00	185.29	N/A	N/A	0	0	97	12
2021-07-09	$42.82	$38.00	7.4%	3.5%	9.5%	0.6%	0.0%	8.2%	-0.8%	70.9K	-236.4K	-236	0.00	113.06	N/A	N/A	3	0	97	12
2021-07-12	$42.80	$38.00	8.8%	5.0%	9.5%	2.8%	0.0%	5.5%	-9.9%	65.8K	-239.5K	-216	0.00	111.43	N/A	N/A	0	0	97	12
2021-07-13	$42.78	$38.00	31.2%	5.8%	9.5%	38.5%	0.0%	7.3%	-9.5%	34.2K	-247.4K	-231	0.00	117.50	N/A	N/A	20	0	97	12
2021-07-14	$43.04	$38.00	15.6%	4.5%	9.6%	13.6%	16.5%	11.5%	-3.1%	35.6K	-318.7K	-348	0.00	142.09	N/A	N/A	31	0	115	12
2021-07-15	$43.01	$38.00	24.1%	6.9%	9.1%	28.8%	0.0%	21.3%	-4.5%	50.6K	-379.7K	-542	0.00	141.85	N/A	N/A	4	0	143	12
2021-07-16	$42.98	$38.00	15.9%	4.5%	9.1%	14.9%	11.8%	7.3%	5.6%	76.7K	-378.0K	-521	0.00	115.60	N/A	N/A	94	0	143	12
2021-07-19	$42.32	$38.00	38.0%	10.9%	10.0%	52.3%	0.0%	7.8%	-0.2%	14.6K	-204.9K	-705	0.63	137.63	N/A	N/A	24	15	106	7
2021-07-20	$42.91	$38.00	23.3%	6.7%	10.6%	27.6%	0.0%	5.9%	-3.6%	26.7K	-282.4K	-868	0.00	141.25	N/A	N/A	0	4	130	22
2021-07-21	$43.01	$38.00	19.4%	5.6%	10.5%	20.9%	0.0%	1.7%	3.1%	33.8K	-263.3K	-760	0.00	137.93	N/A	N/A	0	0	130	26
2021-07-22	$43.16	$38.00	17.9%	5.1%	10.2%	18.4%	0.0%	6.2%	-4.3%	30.9K	-289.3K	-886	0.00	107.15	N/A	N/A	1	0	130	26
2021-07-23	$43.56	$38.00	13.2%	3.8%	10.5%	10.5%	0.0%	6.7%	0.4%	30.1K	-327.3K	-837	0.00	117.92	N/A	N/A	0	0	130	26
2021-07-26	$43.48	$38.00	14.7%	4.2%	10.5%	13.0%	22.9%	6.1%	4.5%	32.9K	-311.6K	-839	0.00	123.56	N/A	N/A	1	0	130	26
2021-07-27	$43.42	$38.00	18.7%	5.4%	10.6%	19.7%	0.0%	12.1%	3.0%	32.5K	-304.8K	-835	0.00	125.08	N/A	N/A	0	0	130	26
2021-07-28	$43.35	$38.00	23.5%	6.7%	10.6%	27.8%	0.0%	6.4%	-6.9%	28.0K	-319.5K	-818	0.00	141.35	N/A	N/A	1	0	131	26
2021-07-29	$43.41	$38.00	24.0%	6.9%	10.6%	28.7%	0.0%	0.6%	-0.6%	26.6K	-312.2K	-848	0.00	137.99	N/A	N/A	0	0	131	26
2021-07-30	$43.35	$38.00	14.8%	4.2%	10.6%	13.1%	5.8%	11.3%	-3.4%	37.1K	-343.0K	-821	0.00	133.64	N/A	N/A	1	0	132	26