OUSA Options History — September 2023

In September 2023, OUSA traded between $41.87 and $44.28. ATM implied volatility averaged 13.3%, placing in the 8.6% IV rank vs the trailing year. The 30-day expected move averaged 3.3%. IV traded above realized volatility by 3.9% (HV 20d: 9.4%). Max pain ranged from $41.00 to $43.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2023-09-27: Highest Volume — 2 contracts
2023-09-12: Largest IV spike — 475.2% change
2023-09-12: Highest IV Rank — 45.5%
2023-09-29: Largest Expected Move — 5.3%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$43.25	$41.87	$44.28	$44.28	$41.91
Max Pain	$41.10	$41.00	$43.00	$43.00	$41.00
ATM IV	13.3%	5.9%	44.7%	12.7%	18.6%
Expected Move	3.3%	2.2%	5.3%	3.6%	5.3%
HV 20d	9.4%	8.7%	10.4%	8.9%	9.3%
HV 60d	9.1%	8.7%	9.4%	9.2%	9.1%
IV Rank	8.6%	0.0%	45.5%	7.9%	14.9%
IV Percentile	24.8%	0.0%	97.6%	24.6%	54.4%
Term Structure	-1.2%	-13.1%	1.8%	-6.4%	0.2%
Skew 25d	2.2%	-10.3%	9.7%	-10.3%	1.9%
Skew 10d	2.9%	-5.5%	10.5%	-5.5%	2.1%
Call IV 25d	10.1%	4.2%	21.2%	21.2%	17.6%
Put IV 25d	12.3%	7.7%	19.4%	10.9%	19.4%
Bid-Ask Spread %	114.79	72.11	157.15	122.79	156.22
Gamma HHI	0.27	0.23	0.36	0.35	0.25
Net GEX	3.6K	2.2K	5.1K	4.3K	2.5K
Net DEX	-22.3K	-36.3K	-6.3K	-33.2K	-12.5K
Net VEX	-120	-164	-84	-136	-123
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	0.15	0	2	0	0
Total OI	27.45	27	29	27	29

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	Spread %	Call Wall	Put Wall	Call Vol	Call OI	Put OI
2023-09-01	$44.28	$43.00	12.7%	3.6%	8.9%	7.9%	0.0%	-10.3%	-6.4%	4.3K	-33.2K	-136	122.79	N/A	N/A	0	25	2
2023-09-05	$44.03	$41.00	17.6%	2.4%	8.7%	13.6%	0.0%	0.7%	1.6%	4.5K	-33.4K	-120	101.48	N/A	N/A	0	25	2
2023-09-06	$43.69	$41.00	6.8%	2.7%	9.1%	0.9%	0.0%	-1.0%	1.8%	4.0K	-25.3K	-115	91.99	N/A	N/A	0	25	2
2023-09-07	$43.72	$41.00	5.9%	2.7%	9.1%	0.0%	0.0%	3.6%	1.5%	4.0K	-25.9K	-120	72.11	N/A	N/A	0	25	2
2023-09-08	$43.67	$41.00	8.9%	2.6%	9.0%	3.4%	0.0%	2.6%	1.7%	4.1K	-26.9K	-126	88.18	N/A	N/A	1	25	2
2023-09-11	$43.88	$41.00	7.8%	2.8%	9.1%	2.1%	0.0%	3.3%	1.2%	4.0K	-30.2K	-128	97.79	N/A	N/A	0	26	2
2023-09-12	$43.71	$41.00	44.7%	2.3%	9.2%	45.5%	0.0%	9.7%	-0.0%	3.9K	-27.7K	-132	118.10	N/A	N/A	0	26	2
2023-09-13	$43.72	$41.00	16.6%	4.8%	8.8%	12.5%	0.0%	2.3%	-9.3%	4.7K	-31.8K	-164	154.44	N/A	N/A	0	26	2
2023-09-14	$44.11	$41.00	16.3%	4.7%	9.3%	12.1%	0.0%	3.1%	-2.2%	5.1K	-36.3K	-160	146.71	N/A	N/A	0	26	2
2023-09-15	$43.58	$41.00	16.1%	4.6%	10.1%	12.0%	0.0%	0.7%	-2.6%	4.4K	-30.1K	-156	157.15	N/A	N/A	0	26	2
2023-09-18	$43.59	$41.00	8.7%	2.5%	10.0%	3.2%	0.0%	2.5%	0.2%	3.5K	-23.1K	-117	91.41	N/A	N/A	0	25	2
2023-09-19	$43.56	$41.00	8.1%	2.3%	10.0%	2.5%	0.0%	7.3%	-0.8%	3.6K	-23.2K	-115	111.74	N/A	N/A	0	25	2
2023-09-20	$43.38	$41.00	10.1%	2.9%	10.1%	4.8%	0.0%	5.3%	1.8%	3.3K	-20.3K	-113	110.39	N/A	N/A	0	25	2
2023-09-21	$42.78	$41.00	11.2%	3.2%	10.4%	6.2%	0.0%	5.9%	-0.1%	2.9K	-15.4K	-107	111.79	N/A	N/A	0	25	2
2023-09-22	$42.72	$41.00	10.3%	3.0%	9.8%	5.1%	0.0%	2.7%	0.6%	2.8K	-13.2K	-101	111.42	N/A	N/A	0	25	2
2023-09-25	$42.61	$41.00	7.8%	2.2%	9.4%	2.1%	0.0%	5.3%	1.6%	2.7K	-11.6K	-95	113.11	N/A	N/A	0	25	2
2023-09-26	$42.10	$41.00	14.8%	4.2%	10.0%	10.4%	0.0%	-9.1%	-13.1%	2.3K	-8.3K	-86	122.92	N/A	N/A	0	25	2
2023-09-27	$41.87	$41.00	13.0%	3.7%	8.9%	8.3%	0.0%	0.9%	-3.3%	2.2K	-6.3K	-84	103.96	N/A	N/A	2	25	2
2023-09-28	$42.11	$41.00	10.1%	2.9%	9.3%	4.9%	0.0%	6.8%	0.8%	2.7K	-11.2K	-109	112.08	N/A	N/A	0	27	2
2023-09-29	$41.91	$41.00	18.6%	5.3%	9.3%	14.9%	0.0%	1.9%	0.2%	2.5K	-12.5K	-123	156.22	N/A	N/A	0	27	2