OUSA Options History — July 2022

In July 2022, OUSA traded between $40.26 and $41.93. ATM implied volatility averaged 29.5%, placing in the 40.9% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded above realized volatility by 11.8% (HV 20d: 17.8%). Max pain ranged from $38.00 to $41.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 0.03.

Notable Days

2022-07-12: Highest Volume — 116 contracts
2022-07-15: Largest IV spike — 32.5% change
2022-07-07: Highest IV Rank — 63.3%
2022-07-18: Largest Expected Move — 11.5%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$40.91	$40.26	$41.93	$40.74	$41.93
Max Pain	$39.45	$38.00	$41.00	$40.00	$41.00
ATM IV	29.5%	19.8%	40.1%	34.7%	21.6%
Expected Move	7.7%	5.7%	11.5%	9.9%	6.2%
HV 20d	17.8%	11.7%	23.8%	23.3%	11.8%
HV 60d	21.3%	20.4%	21.8%	21.8%	20.4%
IV Rank	40.9%	19.2%	63.3%	53.8%	23.2%
IV Percentile	69.2%	21.8%	98.0%	93.7%	32.5%
Term Structure	-2.7%	-10.5%	5.7%	-6.7%	2.6%
VWIV	24.0%	15.7%	42.0%	23.0%	21.8%
Skew 25d	8.9%	0.1%	14.2%	6.5%	7.9%
Skew 10d	10.4%	-2.1%	22.4%	1.6%	-2.1%
Call IV 25d	18.8%	15.6%	25.2%	23.6%	17.3%
Put IV 25d	27.7%	22.5%	31.9%	30.1%	25.2%
Bid-Ask Spread %	138.46	105.26	160.74	131.87	137.53
Gamma HHI	0.38	0.26	0.51	0.47	0.26
Net GEX	16.4K	3.4K	39.9K	33.7K	5.1K
Net DEX	-126.0K	-232.4K	-79.3K	-199.8K	-97.5K
Net VEX	-365	-662	-251	-662	-261
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.03	0.00	0.06	0.06	0.00
Total Volume	78.9	38	116	115	44
Total OI	140.6	36	244	244	39

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
2022-07-01	$40.74	$40.00	34.7%	9.9%	23.3%	53.8%	23.0%	6.5%	-6.7%	33.7K	-199.8K	-662	0.06	131.87	N/A	N/A	109	6	236	8
2022-07-05	$40.51	$38.00	38.3%	7.9%	23.3%	60.9%	26.6%	10.4%	-5.4%	30.2K	-156.9K	-527	0.06	138.01	N/A	N/A	109	6	236	8
2022-07-06	$40.95	$38.00	35.7%	7.6%	23.8%	55.7%	27.4%	8.9%	-10.5%	36.8K	-212.3K	-594	0.06	131.58	N/A	N/A	109	6	236	8
2022-07-07	$40.99	$38.00	39.5%	5.8%	23.6%	63.3%	31.6%	4.4%	-0.3%	38.0K	-232.4K	-606	0.06	133.23	N/A	N/A	109	6	236	8
2022-07-08	$41.03	$38.00	35.0%	7.8%	23.3%	54.5%	21.9%	8.8%	-7.6%	39.9K	-205.3K	-542	0.06	105.54	N/A	N/A	109	6	236	8
2022-07-11	$40.79	$38.00	24.9%	6.3%	22.9%	34.6%	15.7%	0.1%	-4.0%	24.9K	-136.1K	-352	0.06	105.26	N/A	N/A	109	6	236	8
2022-07-12	$40.37	$38.00	27.7%	7.6%	22.1%	38.3%	19.0%	7.1%	-3.1%	20.6K	-112.6K	-318	0.05	126.42	N/A	N/A	110	6	235	8
2022-07-13	$40.37	$38.00	24.0%	6.9%	18.3%	28.2%	22.7%	8.5%	-2.5%	25.8K	-116.0K	-325	0.05	122.72	N/A	N/A	110	6	235	8
2022-07-14	$40.26	$38.00	25.4%	7.3%	18.2%	31.0%	25.0%	9.1%	3.4%	28.0K	-137.4K	-342	0.05	160.13	N/A	N/A	110	6	235	8
2022-07-15	$40.67	$38.00	33.6%	9.6%	18.2%	48.4%	35.4%	10.4%	-4.1%	4.0K	-144.2K	-305	0.05	155.82	N/A	N/A	110	6	235	8
2022-07-18	$40.33	$38.00	40.1%	11.5%	15.9%	62.0%	42.0%	14.2%	-7.0%	3.4K	-86.4K	-304	0.00	160.74	N/A	N/A	38	0	38	0
2022-07-19	$40.96	$41.00	28.6%	8.2%	16.6%	37.9%	23.0%	7.6%	-2.4%	4.5K	-79.3K	-268	0.00	140.26	N/A	N/A	42	0	36	0
2022-07-20	$40.98	$41.00	26.6%	7.6%	15.1%	33.7%	21.9%	13.2%	-4.5%	4.6K	-84.1K	-280	0.00	144.27	N/A	N/A	42	0	37	0
2022-07-21	$41.02	$41.00	30.0%	8.6%	15.0%	40.7%	22.2%	7.8%	-3.0%	4.4K	-83.6K	-281	0.00	145.26	N/A	N/A	42	0	37	0
2022-07-22	$40.92	$41.00	29.6%	8.5%	14.7%	40.0%	21.3%	8.7%	-2.9%	4.5K	-85.3K	-280	0.00	144.71	N/A	N/A	42	0	37	0
2022-07-25	$40.96	$41.00	27.9%	8.0%	12.8%	36.4%	23.3%	7.5%	-2.0%	5.0K	-83.5K	-251	0.00	149.24	N/A	N/A	43	0	37	0
2022-07-26	$40.93	$41.00	27.4%	7.8%	12.8%	35.2%	19.4%	13.3%	-3.9%	4.8K	-82.8K	-266	0.00	129.88	N/A	N/A	43	0	38	0
2022-07-27	$41.57	$41.00	20.5%	5.9%	11.7%	20.7%	19.3%	13.6%	4.7%	4.8K	-90.4K	-266	0.00	151.12	N/A	N/A	44	0	38	0
2022-07-28	$41.83	$41.00	19.8%	5.7%	11.8%	19.2%	16.8%	9.2%	5.7%	4.9K	-94.9K	-272	0.00	155.71	N/A	N/A	44	0	39	0
2022-07-29	$41.93	$41.00	21.6%	6.2%	11.8%	23.2%	21.8%	7.9%	2.6%	5.1K	-97.5K	-261	0.00	137.53	N/A	N/A	44	0	39	0