OUSA Options History — March 2023

In March 2023, OUSA traded between $39.76 and $42.02. ATM implied volatility averaged 23.9%, placing in the 27.2% IV rank vs the trailing year. The 30-day expected move averaged 5.3%. IV traded above realized volatility by 9.7% (HV 20d: 14.2%). Max pain ranged from $38.00 to $41.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 0.00.

Notable Days

  • 2023-03-28: Highest Volume — 90 contracts
  • 2023-03-09: Largest IV spike — 123.5% change
  • 2023-03-13: Highest IV Rank — 100.0%
  • 2023-03-02: Largest Expected Move — 7.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.80$39.76$42.02$40.52$42.02
Max Pain$38.39$38.00$41.00$41.00$38.00
ATM IV23.9%10.8%58.9%20.4%19.2%
Expected Move5.3%3.1%7.5%5.9%5.5%
HV 20d14.2%12.5%15.7%13.7%14.7%
HV 60d14.5%13.9%15.0%14.6%14.3%
IV Rank27.2%0.0%100.0%20.1%17.4%
IV Percentile38.2%0.0%100.0%29.4%25.8%
Term Structure-0.2%-9.9%18.1%4.6%-1.1%
VWIV11.8%9.2%14.2%12.3%9.2%
Skew 25d7.3%-3.2%17.7%6.0%10.3%
Skew 10d3.5%-6.3%12.1%7.0%0.5%
Call IV 25d13.9%8.7%20.4%18.6%8.7%
Put IV 25d21.3%13.1%30.2%24.6%19.0%
Bid-Ask Spread %131.07112.34154.57150.44138.91
Gamma HHI0.520.420.610.590.43
Net GEX10.3K5.0K28.5K9.3K26.6K
Net DEX-72.1K-297.9K-23.4K-40.9K-297.9K
Net VEX-313-1.0K-159-202-1.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.000.000.000.000.00
Total Volume4.69609000
Total OI65.3914814950149

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$40.52$41.0020.4%5.9%13.7%20.1%0.0%6.0%4.6%9.3K-40.9K-2020.00150.44N/AN/A003812
2023-03-02$40.85$41.0026.1%7.5%12.5%32.0%0.0%2.8%-7.3%7.7K-54.2K-2270.00154.57N/AN/A003812
2023-03-03$41.27$41.0017.9%5.1%13.0%14.8%12.3%3.7%-0.5%8.5K-63.2K-2280.00147.38N/AN/A203812
2023-03-06$41.47$38.0023.8%5.5%13.0%27.2%0.0%3.1%-6.7%8.8K-68.5K-2300.00128.72N/AN/A003812
2023-03-07$40.84$38.0031.9%5.3%13.8%44.4%0.0%2.7%-3.0%9.9K-50.1K-2080.00131.58N/AN/A003812
2023-03-08$40.83$38.0014.1%4.2%13.6%6.7%0.0%-3.2%-9.9%10.6K-36.0K-1590.00123.07N/AN/A003812
2023-03-09$40.30$38.0031.5%4.6%13.9%43.6%14.2%2.1%1.8%8.3K-36.4K-1790.00129.13N/AN/A203812
2023-03-10$39.76$38.0038.6%5.9%14.4%58.5%0.0%1.7%-4.2%5.0K-40.7K-2200.00132.11N/AN/A003912
2023-03-13$40.12$38.0058.9%7.0%14.8%100.0%0.0%5.5%-3.2%7.5K-38.1K-1850.00142.11N/AN/A003912
2023-03-14$40.20$38.0058.4%6.9%13.7%98.9%0.0%4.9%-6.7%8.2K-35.4K-1690.00147.62N/AN/A003912
2023-03-15$40.24$38.0022.4%6.4%13.8%23.8%0.0%5.9%-4.2%8.0K-34.9K-1710.00138.33N/AN/A003912
2023-03-16$40.87$38.0019.3%5.5%15.3%17.5%0.0%9.6%18.1%10.7K-48.1K-1850.00138.08N/AN/A003912
2023-03-17$40.49$38.0018.9%5.4%15.4%16.6%0.0%6.2%5.9%7.7K-45.2K-1860.00112.34N/AN/A003912
2023-03-20$40.81$38.0017.5%5.0%15.7%13.8%0.0%16.6%-0.9%7.5K-50.0K-1830.00112.73N/AN/A0103612
2023-03-21$41.13$38.0012.8%3.7%14.7%4.0%0.0%17.7%3.4%5.6K-38.2K-2520.00124.32N/AN/A003622
2023-03-22$40.82$38.0019.5%5.6%14.7%18.0%11.7%8.3%-5.6%7.0K-32.5K-2450.00126.48N/AN/A203622
2023-03-23$40.58$38.0014.3%4.1%14.7%7.0%9.2%15.1%1.7%6.5K-23.4K-2400.00118.58N/AN/A203822
2023-03-24$40.81$38.0022.9%6.6%14.1%25.0%0.0%16.2%-0.1%6.1K-29.3K-2450.00120.34N/AN/A003722
2023-03-27$40.96$38.0019.3%5.5%14.1%17.4%0.0%11.6%4.2%7.0K-34.5K-2360.00121.50N/AN/A003722
2023-03-28$40.78$38.0010.8%3.1%14.2%0.0%0.0%8.0%3.7%11.2K-27.8K-2060.00115.56N/AN/A9003722
2023-03-29$41.31$38.0012.6%3.6%14.7%3.7%0.0%7.2%2.6%28.5K-260.6K-1.0K0.00127.23N/AN/A0012722
2023-03-30$41.53$38.0017.6%5.0%14.5%14.0%0.0%6.3%2.3%21.3K-272.7K-1.0K0.00133.38N/AN/A0012722
2023-03-31$42.02$38.0019.2%5.5%14.7%17.4%0.0%10.3%-1.1%26.6K-297.9K-1.0K0.00138.91N/AN/A0012722