OUSA Options History — January 2023

In January 2023, OUSA traded between $41.38 and $42.77. ATM implied volatility averaged 19.7%, placing in the 18.5% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 3.6% (HV 20d: 16.1%). Max pain ranged from $41.00 to $42.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.04.

Notable Days

2023-01-09: Highest Volume — 12 contracts
2023-01-10: Largest IV spike — 82.3% change
2023-01-30: Highest IV Rank — 36.3%
2023-01-30: Largest Expected Move — 8.1%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.06	$41.38	$42.77	$41.41	$42.23
Max Pain	$41.88	$41.00	$42.00	$41.00	$42.00
ATM IV	19.7%	14.0%	28.1%	17.8%	24.4%
Expected Move	5.6%	4.1%	8.1%	5.1%	7.0%
HV 20d	16.1%	13.9%	18.0%	16.4%	13.9%
HV 60d	19.2%	17.8%	20.5%	20.5%	17.8%
IV Rank	18.5%	6.5%	36.3%	14.5%	28.5%
IV Percentile	24.0%	3.6%	66.7%	13.1%	47.6%
Term Structure	-1.8%	-10.1%	8.6%	-4.1%	-5.1%
VWIV	16.8%	12.7%	19.5%	16.9%	19.5%
Skew 25d	5.8%	-1.5%	17.3%	3.0%	10.3%
Skew 10d	4.2%	-0.8%	10.7%	1.7%	0.8%
Call IV 25d	14.1%	8.3%	21.9%	12.0%	8.3%
Put IV 25d	19.9%	14.0%	26.9%	15.1%	18.6%
Bid-Ask Spread %	133.54	75.44	167.94	106.71	132.02
Gamma HHI	0.38	0.21	0.60	0.33	0.46
Net GEX	8.5K	4.4K	18.1K	5.7K	4.4K
Net DEX	-84.5K	-132.4K	-60.2K	-69.5K	-70.5K
Net VEX	-324	-386	-274	-373	-294
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.04	0.00	0.20	0.00	0.00
Total Volume	1.15	0	12	0	0
Total OI	89.85	47	118	103	51

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
2023-01-03	$41.41	$41.00	17.8%	5.1%	16.4%	14.5%	0.0%	3.0%	-4.1%	5.7K	-69.5K	-373	0.00	106.71	N/A	N/A	0	0	68	35
2023-01-04	$41.53	$41.00	15.2%	4.4%	15.9%	9.1%	0.0%	0.7%	2.8%	5.0K	-70.5K	-370	0.00	123.81	N/A	N/A	0	0	68	35
2023-01-05	$41.38	$0.00	17.3%	5.6%	15.5%	13.4%	0.0%	4.1%	-0.3%	5.0K	-65.5K	-360	0.00	95.48	N/A	N/A	1	0	68	35
2023-01-06	$42.42	$0.00	16.1%	4.8%	18.0%	10.9%	0.0%	6.0%	1.3%	9.5K	-102.0K	-344	0.00	84.70	N/A	N/A	0	0	69	35
2023-01-09	$42.11	$0.00	14.0%	4.8%	18.0%	6.5%	16.9%	7.4%	0.8%	6.9K	-92.5K	-322	0.20	75.44	N/A	N/A	10	2	69	35
2023-01-10	$42.19	$42.00	25.5%	4.1%	18.0%	30.9%	0.0%	-0.8%	5.9%	4.8K	-87.8K	-274	0.00	134.91	N/A	N/A	0	0	79	37
2023-01-11	$42.55	$42.00	17.2%	4.9%	17.8%	13.2%	0.0%	12.2%	2.7%	15.0K	-119.4K	-386	0.00	127.11	N/A	N/A	0	2	79	39
2023-01-12	$42.61	$42.00	18.0%	5.2%	17.4%	15.0%	0.0%	6.6%	-1.3%	16.7K	-120.6K	-361	0.00	152.34	N/A	N/A	0	0	79	37
2023-01-13	$42.77	$42.00	18.5%	5.3%	17.4%	16.1%	0.0%	7.2%	-3.1%	18.1K	-132.4K	-351	0.00	141.22	N/A	N/A	0	0	79	37
2023-01-17	$42.49	$42.00	20.8%	5.9%	15.5%	20.8%	0.0%	5.1%	-6.8%	15.7K	-117.7K	-328	0.00	165.60	N/A	N/A	0	0	79	37
2023-01-18	$41.80	$42.00	23.2%	6.7%	16.3%	26.0%	0.0%	-1.5%	-7.0%	12.2K	-89.8K	-321	0.00	167.94	N/A	N/A	0	0	79	37
2023-01-19	$41.49	$42.00	19.2%	5.5%	16.0%	17.5%	12.7%	3.0%	8.6%	8.7K	-76.8K	-325	0.00	161.99	N/A	N/A	2	0	79	37
2023-01-20	$41.83	$42.00	17.2%	4.9%	16.2%	13.2%	0.0%	-0.2%	0.1%	9.6K	-81.9K	-310	0.00	147.38	N/A	N/A	0	0	80	37
2023-01-23	$42.13	$42.00	19.6%	5.6%	16.0%	18.4%	0.0%	9.4%	-5.3%	4.4K	-67.7K	-282	0.00	156.02	N/A	N/A	2	0	31	16
2023-01-24	$42.07	$42.00	23.2%	6.7%	15.3%	26.0%	0.0%	5.3%	-7.2%	5.9K	-60.5K	-286	0.00	160.10	N/A	N/A	0	0	33	16
2023-01-25	$42.09	$42.00	18.1%	5.2%	15.2%	15.2%	18.0%	6.1%	-0.7%	5.8K	-60.2K	-279	0.00	130.60	N/A	N/A	2	0	33	16
2023-01-26	$42.08	$42.00	18.6%	5.3%	15.2%	16.2%	0.0%	17.3%	-1.7%	6.1K	-68.1K	-292	0.00	142.89	N/A	N/A	0	0	35	16
2023-01-27	$42.25	$42.00	21.7%	6.2%	14.2%	22.7%	0.0%	8.9%	-5.5%	6.8K	-70.4K	-290	0.00	130.48	N/A	N/A	0	0	35	16
2023-01-30	$41.84	$42.00	28.1%	8.1%	13.9%	36.3%	19.5%	6.1%	-10.1%	4.8K	-65.7K	-326	0.00	134.05	N/A	N/A	0	2	35	16
2023-01-31	$42.23	$42.00	24.4%	7.0%	13.9%	28.5%	0.0%	10.3%	-5.1%	4.4K	-70.5K	-294	0.00	132.02	N/A	N/A	0	0	35	16