OTEX Options History — April 2008

In April 2008, OTEX traded between $8.26 and $9.30. ATM implied volatility averaged 76.2%, placing in the 59.7% IV rank vs the trailing year. The 30-day expected move averaged 22.4%. IV traded above realized volatility by 42.8% (HV 20d: 33.4%). Max pain ranged from $8.75 to $8.75. Net GEX was positive for 0 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 4.75.

Notable Days

  • 2008-04-30: Highest Volume — 65,676 contracts
  • 2008-04-30: Largest IV drop — 32.6% change
  • 2008-04-18: Highest IV Rank — 81.3%
  • 2008-04-18: Largest Expected Move — 27.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.49$8.26$9.30$8.40$9.30
Max Pain$8.75$8.75$8.75$8.75$8.75
ATM IV76.2%56.1%95.3%66.1%56.1%
Expected Move22.4%16.1%27.3%19.0%16.1%
HV 20d33.4%18.4%41.3%41.3%36.7%
HV 60d35.4%33.1%38.8%38.8%37.8%
IV Rank59.7%37.0%81.3%48.3%37.0%
IV Percentile85.2%52.8%97.6%79.4%52.8%
Term Structure-9.6%-23.4%14.1%10.2%-1.5%
VWIV79.4%57.2%96.7%63.2%57.2%
Skew 25d5.6%-0.9%11.6%-0.4%4.2%
Skew 10d15.0%-9.9%28.7%-9.9%27.8%
Call IV 25d77.1%54.1%93.2%66.7%54.1%
Put IV 25d82.6%58.4%99.0%66.3%58.4%
Bid-Ask Spread %49.2422.4068.7066.2827.48
Gamma HHI0.560.500.630.600.63
Net GEX-870.5K-1.1M-657.6K-819.1K-1.1M
Net DEX14.8M-13.7M34.0M16.6M-13.7M
Net VEX-181.4K-197.6K-165.2K-192.6K-177.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio4.750.0381.850.671.26
Total Volume11,224.54573265,67610,55265,676
Total OI191,534.364178,624218,144178,624210,912

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-04-01$8.40$8.7566.1%19.0%41.3%48.3%63.2%-0.4%10.2%-819.1K16.6M-192.6K0.6766.28N/AN/A6,3364,21656,720121,904
2008-04-02$8.56$8.7565.2%18.7%39.7%47.3%66.7%1.4%14.1%-820.5K11.9M-194.1K0.5958.30N/AN/A1,9441,15660,796123,316
2008-04-03$8.60$8.7564.7%18.6%39.7%46.8%65.5%1.1%11.4%-864.4K11.2M-190.8K1.1948.26N/AN/A1,8082,14861,140123,332
2008-04-04$8.50$8.7565.0%21.8%39.5%47.1%76.2%6.9%-14.1%-872.8K13.5M-186.1K0.4961.75N/AN/A1,96096062,152124,152
2008-04-07$8.48$8.7566.6%21.2%36.7%48.9%75.1%4.1%-10.6%-904.9K13.9M-183.2K0.9054.51N/AN/A2,8242,54063,100124,576
2008-04-08$8.49$8.7563.9%21.3%36.5%45.9%74.6%5.7%-9.9%-925.7K13.9M-182.4K4.1848.50N/AN/A5842,44063,672126,028
2008-04-09$8.42$8.7566.5%22.0%35.9%48.8%76.3%4.9%-13.5%-931.8K16.0M-185.6K0.0363.39N/AN/A8722863,892128,388
2008-04-10$8.41$8.7574.6%21.4%35.5%57.9%74.8%6.0%-12.2%-946.8K16.6M-183.3K81.8550.07N/AN/A39632,41264,140128,392
2008-04-11$8.38$8.7581.0%23.2%35.2%65.1%78.5%-0.9%-16.4%-1.0M34.0M-197.6K0.4760.97N/AN/A1,38464864,184153,960
2008-04-14$8.38$8.7578.7%22.6%33.5%62.5%79.5%3.3%-15.1%-779.0K14.1M-167.0K0.3968.70N/AN/A2,30089664,564122,588
2008-04-15$8.40$8.7575.8%21.7%33.3%59.3%78.4%4.2%-12.2%-792.3K13.3M-165.2K1.0166.27N/AN/A1,4401,44865,884122,820
2008-04-16$8.50$8.7585.4%24.5%33.4%70.1%85.9%5.9%-17.5%-723.7K8.6M-166.1K3.0364.98N/AN/A8,05224,39267,168122,008
2008-04-17$8.47$8.7585.5%24.5%29.4%70.2%87.4%7.1%-20.0%-947.6K16.0M-184.6K0.1766.62N/AN/A62810471,760140,148
2008-04-18$8.65$8.7595.3%27.3%29.6%81.3%96.7%5.8%-23.4%-657.6K10.3M-180.6K1.8257.85N/AN/A6,08011,06071,708134,128
2008-04-21$8.65$8.7586.0%24.6%27.8%70.7%87.6%8.1%-7.9%-819.1K14.0M-185.1K0.7841.64N/AN/A3,5522,75656,996122,608
2008-04-22$8.43$8.7586.1%24.7%30.0%70.9%87.4%7.3%-8.9%-802.9K18.0M-180.0K0.4629.42N/AN/A1,85684856,996122,608
2008-04-23$8.37$8.7583.5%23.9%30.3%68.0%85.8%10.2%-6.7%-841.3K19.4M-180.3K0.5927.30N/AN/A1,18470459,512124,812
2008-04-24$8.26$8.7581.9%23.5%30.6%66.2%85.5%8.1%-6.5%-873.8K21.6M-176.3K1.5031.74N/AN/A1,2521,88059,852124,872
2008-04-25$8.26$8.7582.1%23.5%30.6%66.4%86.4%10.4%-14.4%-905.7K23.2M-174.9K0.7334.69N/AN/A6,1484,50860,740125,860
2008-04-28$8.37$8.7583.6%24.0%30.8%68.0%87.7%11.6%-19.1%-918.0K19.0M-175.5K0.5732.11N/AN/A5,5403,15264,728128,604
2008-04-29$8.49$8.7583.2%23.9%18.4%67.6%89.9%7.2%-17.9%-864.6K13.9M-181.6K1.8922.40N/AN/A9,28017,54867,912130,124
2008-04-30$9.30$8.7556.1%16.1%36.7%37.0%57.2%4.2%-1.5%-1.1M-13.7M-177.9K1.2627.48N/AN/A29,08036,59671,516139,396