OTEX Options History — August 2007

In August 2007, OTEX traded between $4.48 and $6.22. ATM implied volatility averaged 80.3%, placing in the 77.1% IV rank vs the trailing year. The 30-day expected move averaged 21.7%. IV traded above realized volatility by 46.8% (HV 20d: 33.4%). Max pain ranged from $5.00 to $6.25. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 5.11.

Notable Days

  • 2007-08-14: Highest Volume — 140,428 contracts
  • 2007-08-31: Largest IV drop — 21.9% change
  • 2007-08-06: Highest IV Rank — 100.0%
  • 2007-08-15: Largest Expected Move — 27.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$4.82$4.48$6.22$4.73$6.22
Max Pain$5.16$5.00$6.25$6.25$5.00
ATM IV80.3%57.9%105.9%64.0%57.9%
Expected Move21.7%16.6%27.3%18.4%16.6%
HV 20d33.4%28.0%78.7%28.0%78.7%
HV 60d25.8%21.3%51.2%21.4%51.2%
IV Rank77.1%42.0%100.0%73.1%42.0%
IV Percentile91.8%67.1%100.0%85.5%67.1%
Term Structure-5.7%-17.5%7.1%7.1%-8.7%
VWIV75.1%47.6%103.6%74.8%57.9%
Skew 25d6.1%-9.2%15.4%7.2%1.0%
Skew 10d8.9%-29.2%28.5%26.8%11.3%
Call IV 25d72.4%54.2%94.2%68.9%58.0%
Put IV 25d78.5%45.0%103.2%76.1%59.0%
Bid-Ask Spread %30.0917.0846.7546.0817.08
Gamma HHI0.650.450.820.720.82
Net GEX-629.6K-1.3M-309.6K-449.3K-1.3M
Net DEX51.9M26.8M72.6M45.1M26.8M
Net VEX-141.7K-237.1K-83.1K-92.2K-237.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.110.1844.8326.651.64
Total Volume11,720.5221,020140,4287,52029,720
Total OI201,921.565161,328263,620161,328227,700

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-08-01$4.73$6.2564.0%18.4%28.0%73.1%74.8%7.2%7.1%-449.3K45.1M-92.2K26.6546.08N/AN/A2727,24827,380133,948
2007-08-02$4.75$6.2569.6%20.0%28.1%83.1%72.8%-0.5%4.8%-453.7K47.0M-94.5K18.9029.31N/AN/A4288,08827,332139,776
2007-08-03$4.56$6.2573.3%21.0%30.7%89.6%47.6%-9.2%3.4%-500.2K42.0M-109.2K0.3323.65N/AN/A90430027,452147,008
2007-08-06$4.48$5.0084.7%23.0%30.4%100.0%74.4%10.7%-5.7%-359.1K49.3M-83.1K0.6228.93N/AN/A62839228,044144,880
2007-08-07$4.51$5.0087.3%22.4%30.8%100.0%83.0%4.4%-1.4%-387.4K48.9M-87.6K0.6824.47N/AN/A70848028,316145,104
2007-08-08$4.58$5.0091.1%22.2%31.0%100.0%76.6%5.5%-1.7%-360.0K48.9M-89.0K3.9429.11N/AN/A3401,34028,684145,432
2007-08-09$4.53$5.0092.1%22.3%30.5%100.0%92.6%9.3%-1.1%-335.2K49.6M-87.4K0.2137.26N/AN/A1,22825228,960146,072
2007-08-10$4.58$5.0095.4%22.8%30.9%100.0%0.0%8.4%-1.0%-309.6K49.0M-90.9K1.7025.25N/AN/A1,7482,97229,956146,324
2007-08-13$4.67$5.0097.8%22.8%32.6%100.0%72.5%8.6%0.7%-406.8K49.2M-97.1K1.2435.54N/AN/A2,1042,60030,988148,668
2007-08-14$4.56$5.00105.9%23.8%32.0%100.0%81.8%9.5%-4.8%-318.8K50.2M-92.0K44.8332.93N/AN/A3,064137,36431,564151,080
2007-08-15$4.67$5.00105.3%27.3%34.3%99.3%94.0%7.6%-14.0%-653.1K72.6M-163.6K0.9920.45N/AN/A5,2245,16834,136222,904
2007-08-16$4.67$5.0094.1%27.0%34.3%85.8%103.6%8.9%-15.8%-644.7K71.2M-169.1K5.5823.86N/AN/A3041,69637,896225,152
2007-08-17$4.83$5.0078.7%22.6%36.3%67.2%81.2%15.4%-3.6%-671.2K72.5M-178.2K0.6629.34N/AN/A4,7843,16438,120225,500
2007-08-20$4.83$5.0070.8%20.3%30.7%57.7%70.7%10.6%0.6%-694.3K50.0M-172.1K0.1842.13N/AN/A2,40443628,532172,084
2007-08-21$4.83$5.0064.8%18.6%30.6%50.5%62.4%10.5%-0.0%-724.2K51.7M-165.2K0.2946.75N/AN/A1,62446829,952172,516
2007-08-22$4.96$5.0063.8%18.3%31.7%49.2%63.2%4.4%-8.3%-813.3K51.3M-175.9K1.4628.53N/AN/A2,5483,70830,696172,984
2007-08-23$4.95$5.0065.3%18.7%31.0%51.0%65.6%3.0%-12.5%-827.4K51.3M-177.4K1.3424.27N/AN/A1,9842,65632,392176,428
2007-08-24$5.08$5.0068.9%19.8%29.7%55.4%68.9%3.4%-10.3%-890.0K52.1M-183.3K1.7926.86N/AN/A2,6164,67232,832178,016
2007-08-27$5.02$5.0079.4%22.8%29.4%68.0%78.9%3.5%-17.5%-855.4K53.3M-179.5K1.5026.93N/AN/A9161,37233,500180,408
2007-08-28$4.88$5.0079.0%22.7%31.5%67.6%78.0%2.1%-17.3%-789.7K55.2M-168.1K1.3532.59N/AN/A1,1881,60433,896180,788
2007-08-29$5.02$5.0082.6%23.7%32.9%71.9%78.7%8.5%-13.0%-852.9K52.7M-181.4K1.0031.69N/AN/A5,8005,81234,708181,500
2007-08-30$5.03$5.0074.1%21.2%32.9%61.6%72.9%6.5%-12.0%-868.1K53.3M-186.3K0.7629.03N/AN/A4,1123,13239,104185,484
2007-08-31$6.22$5.0057.9%16.6%78.7%42.0%57.9%1.0%-8.7%-1.3M26.8M-237.1K1.6417.08N/AN/A11,26818,45241,440186,260