OUSA Options History — December 2023

In December 2023, OUSA traded between $44.52 and $46.13. ATM implied volatility averaged 11.0%, placing in the 5.9% IV rank vs the trailing year. The 30-day expected move averaged 3.5%. IV traded above realized volatility by 3.2% (HV 20d: 7.8%). Max pain ranged from $42.00 to $44.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.00.

Notable Days

2023-12-06: Highest Volume — 2 contracts
2023-12-07: Largest IV spike — 158.9% change
2023-12-08: Highest IV Rank — 13.8%
2023-12-19: Largest Expected Move — 4.9%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$45.41	$44.52	$46.13	$44.66	$46.04
Max Pain	$42.10	$42.00	$44.00	$44.00	$42.00
ATM IV	11.0%	6.2%	17.7%	6.6%	7.7%
Expected Move	3.5%	1.8%	4.9%	1.9%	2.2%
HV 20d	7.8%	6.5%	9.7%	9.7%	7.2%
HV 60d	11.6%	11.0%	12.1%	12.1%	11.0%
IV Rank	5.9%	0.2%	13.8%	0.8%	2.0%
IV Percentile	26.4%	0.8%	61.9%	1.6%	7.1%
Term Structure	1.0%	-4.7%	9.3%	7.2%	9.3%
VWIV	21.5%	8.1%	42.6%	42.6%	8.1%
Skew 25d	2.8%	-4.3%	7.3%	-4.3%	3.0%
Skew 10d	1.0%	-7.9%	3.4%	-7.9%	1.9%
Call IV 25d	9.8%	5.3%	13.6%	10.7%	5.3%
Put IV 25d	12.6%	5.9%	18.8%	6.4%	8.2%
Bid-Ask Spread %	146.07	112.29	159.16	133.71	136.47
Gamma HHI	0.26	0.21	0.37	0.24	0.35
Net GEX	2.2K	-394	4.4K	1	3.5K
Net DEX	-22.3K	-37.6K	-7.9K	-7.9K	-26.4K
Net VEX	-184	-228	-137	-228	-137
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	0.35	0	2	1	0
Total OI	35.6	32	38	35	34

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
2023-12-01	$44.66	$44.00	6.6%	1.9%	9.7%	0.8%	42.6%	-4.3%	7.2%	1	-7.9K	-228	133.71	N/A	N/A	1	13	22
2023-12-04	$44.64	$42.00	7.3%	4.2%	9.6%	1.6%	0.0%	0.2%	-4.5%	-91	-11.2K	-225	155.92	N/A	N/A	0	14	22
2023-12-05	$44.54	$42.00	7.6%	3.7%	9.7%	2.0%	0.0%	1.1%	-0.5%	-394	-8.3K	-226	158.94	N/A	N/A	0	14	22
2023-12-06	$44.52	$42.00	6.3%	4.4%	9.6%	0.5%	0.0%	5.3%	-2.6%	-320	-10.2K	-227	155.37	N/A	N/A	2	14	22
2023-12-07	$44.64	$42.00	16.4%	4.5%	9.7%	12.3%	0.0%	7.2%	-4.4%	1.6K	-13.7K	-227	156.12	N/A	N/A	0	16	22
2023-12-08	$44.78	$42.00	17.7%	4.2%	8.3%	13.8%	0.0%	3.5%	-4.7%	2.2K	-16.9K	-225	159.08	N/A	N/A	0	16	22
2023-12-11	$45.08	$42.00	8.9%	4.7%	7.5%	3.4%	0.0%	3.4%	-4.4%	4.4K	-22.9K	-211	158.69	N/A	N/A	1	16	22
2023-12-12	$45.22	$42.00	14.9%	4.5%	7.4%	10.5%	0.0%	4.0%	-3.8%	2.1K	-25.0K	-200	159.16	N/A	N/A	0	16	22
2023-12-13	$45.76	$42.00	14.2%	4.1%	6.6%	9.7%	0.0%	6.5%	-2.5%	3.4K	-34.1K	-167	156.06	N/A	N/A	0	16	22
2023-12-14	$45.80	$42.00	15.0%	4.3%	6.7%	10.6%	0.0%	3.6%	-1.6%	1.6K	-37.6K	-182	157.13	N/A	N/A	0	16	22
2023-12-15	$45.66	$42.00	15.8%	4.5%	6.8%	11.6%	0.0%	3.2%	-1.8%	1.8K	-30.3K	-178	154.82	N/A	N/A	0	16	22
2023-12-18	$45.91	$42.00	13.6%	3.9%	6.9%	9.0%	18.5%	7.3%	-0.9%	2.1K	-22.8K	-157	150.96	N/A	N/A	1	12	20
2023-12-19	$46.01	$42.00	17.0%	4.9%	6.5%	13.0%	16.9%	4.4%	-2.5%	1.7K	-24.2K	-175	154.66	N/A	N/A	1	13	20
2023-12-20	$45.58	$42.00	15.1%	4.3%	7.4%	10.8%	0.0%	2.7%	-0.2%	2.1K	-26.2K	-177	155.79	N/A	N/A	0	14	20
2023-12-21	$45.64	$42.00	6.2%	1.8%	7.3%	0.2%	0.0%	2.3%	7.7%	3.4K	-24.4K	-153	122.15	N/A	N/A	0	14	20
2023-12-22	$45.75	$42.00	8.0%	2.3%	7.3%	2.4%	8.1%	2.8%	8.4%	3.8K	-25.9K	-153	135.12	N/A	N/A	1	14	20
2023-12-26	$45.91	$42.00	7.8%	2.2%	7.2%	2.2%	0.0%	-2.2%	7.7%	3.6K	-25.7K	-148	124.35	N/A	N/A	0	14	20
2023-12-27	$45.88	$42.00	6.5%	1.9%	7.1%	0.7%	0.0%	0.2%	8.0%	3.2K	-24.4K	-141	124.70	N/A	N/A	0	14	20
2023-12-28	$46.13	$42.00	7.4%	2.1%	7.2%	1.7%	0.0%	1.5%	6.8%	4.4K	-28.3K	-147	112.29	N/A	N/A	0	14	20
2023-12-29	$46.04	$42.00	7.7%	2.2%	7.2%	2.0%	0.0%	3.0%	9.3%	3.5K	-26.4K	-137	136.47	N/A	N/A	0	14	20