OUSA Options History — May 2023

In May 2023, OUSA traded between $41.59 and $43.08. ATM implied volatility averaged 16.2%, placing in the 14.6% IV rank vs the trailing year. The 30-day expected move averaged 4.4%. IV traded above realized volatility by 3.9% (HV 20d: 12.3%). Max pain ranged from $41.00 to $41.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 11 of 22 days. Put/call ratio averaged 0.00.

Notable Days

2023-05-02: Highest Volume — 10 contracts
2023-05-12: Largest IV spike — 137.0% change
2023-05-09: Highest IV Rank — 43.6%
2023-05-25: Largest Expected Move — 7.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$42.26	$41.59	$43.08	$43.08	$41.86
Max Pain	$41.00	$41.00	$41.00	$41.00	$41.00
ATM IV	16.2%	8.8%	30.8%	17.0%	11.3%
Expected Move	4.4%	2.5%	7.0%	4.9%	3.2%
HV 20d	12.3%	9.8%	13.5%	11.6%	9.8%
HV 60d	12.9%	12.2%	13.5%	13.2%	12.3%
IV Rank	14.6%	0.0%	43.6%	15.9%	4.9%
IV Percentile	21.6%	0.0%	78.6%	15.5%	4.4%
Term Structure	0.9%	-6.2%	9.9%	4.5%	-0.5%
VWIV	10.6%	9.6%	12.0%	12.0%	10.3%
Skew 25d	4.2%	-5.9%	15.6%	8.3%	0.8%
Skew 10d	2.7%	-8.7%	8.8%	3.9%	-0.4%
Call IV 25d	11.9%	6.7%	16.7%	12.4%	8.6%
Put IV 25d	16.1%	7.7%	24.1%	20.7%	9.3%
Bid-Ask Spread %	130.03	72.98	164.05	149.44	89.22
Gamma HHI	0.66	0.51	0.89	0.89	0.72
Net GEX	19.3K	10.7K	26.4K	14.5K	26.4K
Net DEX	-274.2K	-314.1K	-221.4K	-310.7K	-273.5K
Net VEX	-676	-829	-578	-609	-578
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	0.00	0.00	0.00	0.00	0.00
Total Volume	1.091	0	10	5	1
Total OI	121.955	110	132	110	117

Daily Data (22 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2023-05-01	$43.08	$41.00	17.0%	4.9%	11.6%	15.9%	12.0%	8.3%	4.5%	14.5K	-310.7K	-609	149.44	N/A	N/A	5	0	97	13
2023-05-02	$42.59	$41.00	17.9%	5.1%	12.1%	17.6%	0.0%	4.7%	4.5%	18.5K	-306.6K	-660	148.20	N/A	N/A	0	10	102	13
2023-05-03	$42.32	$41.00	24.0%	6.9%	12.1%	29.9%	0.0%	3.5%	-6.2%	16.1K	-271.6K	-756	153.77	N/A	N/A	0	0	102	23
2023-05-04	$41.96	$41.00	13.6%	3.4%	12.4%	9.0%	0.0%	4.9%	9.4%	10.7K	-228.4K	-829	160.31	N/A	N/A	0	0	102	23
2023-05-05	$42.57	$41.00	15.9%	4.9%	13.5%	13.6%	0.0%	5.9%	-2.0%	16.1K	-289.5K	-706	162.13	N/A	N/A	0	0	102	23
2023-05-08	$42.47	$41.00	29.2%	5.6%	13.5%	40.4%	0.0%	6.0%	-2.7%	15.9K	-279.8K	-725	158.33	N/A	N/A	0	0	102	23
2023-05-09	$42.33	$41.00	30.8%	5.7%	13.5%	43.6%	0.0%	6.2%	-2.9%	16.1K	-270.8K	-723	164.05	N/A	N/A	0	0	102	23
2023-05-10	$42.47	$41.00	18.1%	5.2%	13.4%	17.9%	0.0%	6.2%	-2.0%	17.1K	-287.4K	-675	159.14	N/A	N/A	0	0	102	23
2023-05-11	$42.27	$41.00	8.8%	2.5%	12.7%	0.0%	0.0%	-5.9%	5.2%	18.1K	-276.6K	-696	161.56	N/A	N/A	0	0	102	23
2023-05-12	$42.32	$41.00	20.9%	6.0%	12.7%	24.1%	0.0%	0.9%	-2.8%	15.2K	-244.1K	-757	142.55	N/A	N/A	0	0	102	23
2023-05-15	$42.36	$41.00	11.7%	3.4%	12.7%	5.7%	0.0%	1.8%	0.2%	18.5K	-286.1K	-628	93.51	N/A	N/A	0	0	102	23
2023-05-16	$42.08	$41.00	11.5%	3.3%	12.8%	5.3%	0.0%	4.5%	0.7%	20.2K	-269.2K	-642	72.98	N/A	N/A	0	0	102	23
2023-05-17	$42.29	$41.00	11.2%	3.2%	12.9%	4.6%	9.6%	3.9%	1.4%	21.9K	-290.0K	-588	85.46	N/A	N/A	7	0	102	23
2023-05-18	$42.51	$41.00	9.3%	2.7%	13.0%	1.0%	0.0%	1.7%	1.0%	24.9K	-314.1K	-609	101.89	N/A	N/A	0	0	109	23
2023-05-19	$42.55	$41.00	10.3%	2.9%	12.9%	2.9%	10.3%	5.0%	4.9%	20.5K	-301.2K	-654	100.16	N/A	N/A	1	0	109	23
2023-05-22	$42.50	$41.00	11.9%	3.4%	12.9%	6.1%	0.0%	3.0%	9.9%	18.1K	-278.2K	-682	118.35	N/A	N/A	0	0	104	13
2023-05-23	$42.13	$41.00	12.7%	3.6%	12.7%	7.8%	0.0%	3.2%	2.6%	22.2K	-274.5K	-659	130.37	N/A	N/A	0	0	104	13
2023-05-24	$41.69	$41.00	11.5%	3.3%	12.7%	5.2%	0.0%	15.6%	-0.2%	25.3K	-252.0K	-666	117.61	N/A	N/A	0	0	104	13
2023-05-25	$41.59	$41.00	24.5%	7.0%	10.7%	31.2%	0.0%	5.9%	-1.2%	17.8K	-221.4K	-723	142.06	N/A	N/A	0	0	104	13
2023-05-26	$41.93	$41.00	23.1%	6.6%	10.7%	28.5%	0.0%	5.9%	-3.2%	23.8K	-241.5K	-675	158.80	N/A	N/A	0	0	104	13
2023-05-30	$41.84	$41.00	11.6%	3.3%	10.4%	5.5%	0.0%	0.6%	-0.1%	25.7K	-265.3K	-621	90.77	N/A	N/A	0	0	104	13
2023-05-31	$41.86	$41.00	11.3%	3.2%	9.8%	4.9%	0.0%	0.8%	-0.5%	26.4K	-273.5K	-578	89.22	N/A	N/A	1	0	104	13