OUSA Options History — January 2022

In January 2022, OUSA traded between $43.11 and $46.42. ATM implied volatility averaged 27.0%, placing in the 37.0% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded above realized volatility by 16.1% (HV 20d: 10.9%). Max pain ranged from $39.00 to $49.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.63.

Notable Days

2022-01-28: Highest Volume — 519 contracts
2022-01-05: Largest IV spike — 99.9% change
2022-01-26: Highest IV Rank — 65.8%
2022-01-26: Largest Expected Move — 12.2%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$44.79	$43.11	$46.42	$46.26	$44.26
Max Pain	$44.85	$39.00	$49.00	$39.00	$42.00
ATM IV	27.0%	14.0%	42.7%	18.1%	22.9%
Expected Move	7.3%	4.0%	12.2%	5.2%	6.6%
HV 20d	10.9%	8.1%	12.7%	12.7%	11.0%
HV 60d	10.6%	10.3%	11.3%	10.5%	11.3%
IV Rank	37.0%	12.9%	65.8%	20.4%	31.0%
IV Percentile	78.7%	17.9%	98.0%	43.7%	67.9%
Term Structure	-4.4%	-14.1%	2.8%	-7.9%	-2.8%
VWIV	22.9%	16.5%	33.8%	19.1%	27.2%
Skew 25d	7.5%	-4.0%	17.0%	1.0%	11.3%
Skew 10d	7.8%	-0.7%	21.8%	-0.7%	11.5%
Call IV 25d	20.2%	14.6%	33.7%	14.6%	21.8%
Put IV 25d	27.8%	15.7%	50.7%	15.7%	33.1%
Bid-Ask Spread %	142.08	113.58	165.42	126.58	113.58
Gamma HHI	0.63	0.20	0.80	0.80	0.53
Net GEX	34.5K	11.1K	95.2K	24.9K	81.1K
Net DEX	-318.5K	-1.0M	-14.7K	-155.5K	-811.1K
Net VEX	-1.3K	-4.4K	-184	-292	-3.3K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.63	0.02	1.19	0.94	0.02
Total Volume	136.85	32	519	33	519
Total OI	209.75	72	595	72	467

Daily Data (20 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
2022-01-03	$46.26	$39.00	18.1%	5.2%	12.7%	20.4%	19.1%	1.0%	-7.9%	24.9K	-155.5K	-292	0.94	126.58	N/A	N/A	17	16	56	16
2022-01-04	$46.42	$39.00	14.0%	4.0%	12.0%	12.9%	19.1%	4.2%	1.0%	20.6K	-144.1K	-293	0.94	145.37	N/A	N/A	17	16	56	16
2022-01-05	$46.09	$39.00	27.9%	8.0%	12.3%	38.6%	33.3%	3.9%	-7.6%	14.7K	-127.2K	-314	0.94	153.75	N/A	N/A	17	16	56	16
2022-01-06	$45.84	$49.00	25.9%	5.2%	12.5%	34.8%	16.5%	3.5%	1.3%	15.3K	-116.5K	-303	0.94	164.71	N/A	N/A	17	16	56	16
2022-01-07	$45.75	$49.00	26.6%	5.9%	12.6%	36.2%	16.6%	3.6%	-0.5%	16.3K	-108.0K	-286	0.94	145.08	N/A	N/A	17	16	56	16
2022-01-10	$45.39	$49.00	32.1%	6.6%	12.4%	46.3%	18.2%	12.1%	-2.9%	13.8K	-101.7K	-274	1.00	140.32	N/A	N/A	16	16	56	16
2022-01-11	$45.68	$49.00	29.1%	6.1%	12.6%	40.8%	17.5%	3.2%	-4.3%	16.8K	-105.2K	-250	1.00	143.91	N/A	N/A	16	16	56	16
2022-01-12	$45.54	$49.00	25.8%	7.4%	12.3%	34.7%	22.1%	7.2%	-0.5%	19.3K	-111.2K	-266	1.00	157.94	N/A	N/A	16	16	56	16
2022-01-13	$45.28	$49.00	22.9%	6.6%	11.4%	29.2%	18.1%	7.1%	-1.4%	18.6K	-116.4K	-246	1.00	139.66	N/A	N/A	16	16	56	16
2022-01-14	$45.05	$49.00	23.1%	6.6%	11.1%	29.7%	20.1%	7.3%	-2.0%	16.0K	-84.2K	-228	1.19	162.22	N/A	N/A	16	19	56	16
2022-01-18	$44.54	$49.00	23.9%	6.9%	10.7%	31.2%	22.9%	6.0%	-4.3%	12.3K	-49.7K	-226	1.19	165.42	N/A	N/A	16	19	53	19
2022-01-19	$44.50	$49.00	26.2%	7.5%	10.1%	35.4%	20.0%	5.0%	-10.5%	11.1K	-14.7K	-184	0.22	139.80	N/A	N/A	116	25	53	19
2022-01-20	$44.13	$43.00	24.7%	7.1%	10.2%	32.7%	22.8%	-4.0%	-3.9%	27.6K	-215.9K	-1.0K	0.25	135.87	N/A	N/A	123	31	164	37
2022-01-21	$43.78	$43.00	33.9%	9.7%	9.7%	49.6%	21.9%	11.7%	-13.5%	25.6K	-200.9K	-1.0K	0.25	136.05	N/A	N/A	123	31	165	37
2022-01-24	$43.45	$43.00	28.5%	8.2%	8.9%	39.6%	23.5%	10.3%	2.8%	16.4K	-138.1K	-900	0.04	125.09	N/A	N/A	451	18	123	22
2022-01-25	$43.58	$42.00	32.4%	9.3%	8.1%	46.8%	27.6%	13.1%	-9.2%	74.2K	-977.6K	-4.2K	0.17	134.37	N/A	N/A	103	18	533	25
2022-01-26	$43.11	$42.00	42.7%	12.2%	8.2%	65.8%	33.8%	17.0%	-14.1%	89.7K	-818.6K	-4.0K	0.37	163.78	N/A	N/A	103	38	545	25
2022-01-27	$43.35	$42.00	30.3%	8.7%	8.6%	43.0%	28.5%	15.8%	-4.5%	81.6K	-953.8K	-4.4K	0.24	124.90	N/A	N/A	126	30	545	48
2022-01-28	$43.84	$42.00	29.4%	8.4%	10.1%	41.2%	29.5%	11.8%	-3.2%	95.2K	-1.0M	-4.4K	0.03	123.12	N/A	N/A	506	13	546	49
2022-01-31	$44.26	$42.00	22.9%	6.6%	11.0%	31.0%	27.2%	11.3%	-2.8%	81.1K	-811.1K	-3.3K	0.02	113.58	N/A	N/A	511	8	412	55