OUSA Options History — September 2022

In September 2022, OUSA traded between $37.22 and $41.28. ATM implied volatility averaged 27.2%, placing in the 34.8% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded above realized volatility by 6.1% (HV 20d: 21.1%). Max pain ranged from $38.00 to $40.00. Net GEX was positive for 12 of 21 trading days. Term structure was in contango for 5 of 21 days. Put/call ratio averaged 0.46.

Notable Days

2022-09-06: Highest Volume — 125 contracts
2022-09-06: Largest IV spike — 108.3% change
2022-09-13: Highest IV Rank — 64.0%
2022-09-30: Largest Expected Move — 11.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$39.32	$37.22	$41.28	$40.36	$37.22
Max Pain	$38.19	$38.00	$40.00	$40.00	$38.00
ATM IV	27.2%	16.8%	41.0%	21.9%	38.3%
Expected Move	6.8%	4.4%	11.0%	6.3%	11.0%
HV 20d	21.1%	19.3%	24.3%	20.3%	21.2%
HV 60d	17.9%	17.2%	19.0%	18.9%	18.2%
IV Rank	34.8%	13.1%	64.0%	23.7%	58.2%
IV Percentile	54.5%	9.1%	98.8%	34.9%	96.4%
Term Structure	-4.0%	-23.1%	4.4%	-9.3%	-23.1%
VWIV	23.4%	17.3%	27.8%	25.6%	27.8%
Skew 25d	7.2%	-1.1%	14.9%	14.9%	0.8%
Skew 10d	4.9%	-6.0%	15.2%	6.1%	-2.4%
Call IV 25d	19.2%	11.5%	26.9%	14.7%	26.9%
Put IV 25d	26.4%	19.9%	31.9%	29.6%	27.8%
Bid-Ask Spread %	121.25	106.29	150.53	150.53	121.47
Gamma HHI	0.24	0.20	0.31	0.27	0.26
Net GEX	77	-10.9K	4.4K	-5.7K	3.3K
Net DEX	11.8K	-45.8K	52.5K	13.0K	43.8K
Net VEX	-450	-623	-287	-599	-287
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.46	0.00	1.27	0.95	0.54
Total Volume	45.095	0	125	0	94
Total OI	120.762	97	147	139	98

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
2022-09-01	$40.36	$40.00	21.9%	6.3%	20.3%	23.7%	0.0%	14.9%	-9.3%	-5.7K	13.0K	-599	0.00	150.53	N/A	N/A	0	0	78	61
2022-09-02	$39.84	$40.00	19.0%	5.5%	20.6%	17.7%	0.0%	-0.5%	-7.1%	-6.0K	28.8K	-549	0.00	144.75	N/A	N/A	0	0	78	61
2022-09-06	$39.90	$38.00	39.6%	8.8%	20.6%	61.0%	25.6%	13.5%	-11.2%	-1.1K	7.3K	-623	0.95	131.45	N/A	N/A	64	61	78	61
2022-09-07	$40.49	$38.00	38.3%	6.9%	21.5%	58.2%	26.0%	8.3%	-2.0%	-952	2.6K	-573	0.95	120.86	N/A	N/A	64	61	78	61
2022-09-08	$40.52	$38.00	30.9%	7.0%	20.6%	42.7%	17.3%	10.5%	-9.7%	-1.8K	3.2K	-527	0.00	117.77	N/A	N/A	1	0	78	61
2022-09-09	$41.16	$38.00	40.9%	6.0%	21.5%	63.8%	19.6%	8.8%	-3.0%	527	-29.3K	-581	0.00	120.64	N/A	N/A	1	0	79	61
2022-09-12	$41.28	$38.00	21.5%	4.4%	20.9%	22.9%	0.0%	8.4%	-3.5%	-1.5K	-45.8K	-370	0.00	118.09	N/A	N/A	0	0	78	61
2022-09-13	$39.73	$38.00	41.0%	6.2%	24.3%	64.0%	20.1%	10.4%	-6.8%	-3.4K	-5.1K	-533	1.27	125.64	N/A	N/A	48	61	78	61
2022-09-14	$39.68	$38.00	16.8%	4.8%	24.0%	13.1%	0.0%	13.9%	-3.3%	-9.2K	37.3K	-427	0.00	124.68	N/A	N/A	4	0	82	61
2022-09-15	$39.76	$38.00	22.0%	6.3%	22.1%	23.9%	0.0%	3.8%	0.7%	-10.9K	28.2K	-514	0.00	125.37	N/A	N/A	0	0	86	61
2022-09-16	$39.51	$38.00	18.2%	5.2%	20.8%	16.0%	22.9%	4.6%	-1.9%	3.7K	52.5K	-464	1.20	106.29	N/A	N/A	51	61	86	61
2022-09-19	$39.70	$38.00	24.8%	7.1%	21.0%	29.9%	24.6%	-1.1%	-6.5%	3.0K	-14.1K	-451	0.00	118.08	N/A	N/A	2	0	66	31
2022-09-20	$39.40	$38.00	22.8%	6.5%	20.5%	25.7%	0.0%	11.8%	2.2%	3.7K	-13.3K	-432	0.00	114.14	N/A	N/A	0	0	67	31
2022-09-21	$38.81	$38.00	18.8%	5.4%	20.9%	17.2%	17.9%	14.3%	1.0%	4.4K	10.5K	-381	0.00	118.44	N/A	N/A	2	0	67	31
2022-09-22	$38.76	$38.00	21.5%	6.2%	20.9%	23.0%	0.0%	1.7%	-4.3%	4.3K	8.1K	-379	0.00	110.28	N/A	N/A	0	0	68	31
2022-09-23	$38.10	$38.00	28.2%	8.1%	21.0%	37.0%	0.0%	10.3%	1.2%	3.8K	19.6K	-378	0.00	124.42	N/A	N/A	4	0	68	31
2022-09-26	$37.92	$38.00	24.3%	7.0%	19.3%	28.7%	27.2%	1.4%	-0.0%	4.3K	21.0K	-372	0.51	118.14	N/A	N/A	61	31	72	31
2022-09-27	$37.64	$38.00	25.6%	7.3%	19.3%	31.6%	24.4%	7.3%	-2.3%	3.5K	34.6K	-323	0.51	107.24	N/A	N/A	61	31	67	31
2022-09-28	$38.36	$38.00	32.4%	9.3%	20.3%	45.9%	27.5%	6.4%	4.4%	3.7K	10.6K	-361	0.51	112.36	N/A	N/A	61	31	67	31
2022-09-29	$37.58	$38.00	23.4%	6.7%	21.2%	26.9%	23.2%	1.6%	-0.4%	3.9K	34.9K	-327	0.51	115.61	N/A	N/A	61	31	67	31
2022-09-30	$37.22	$38.00	38.3%	11.0%	21.2%	58.2%	27.8%	0.8%	-23.1%	3.3K	43.8K	-287	0.54	121.47	N/A	N/A	61	33	67	31