OTEX Options History — October 2008

In October 2008, OTEX traded between $5.72 and $8.94. ATM implied volatility averaged 84.6%, placing in the 61.9% IV rank vs the trailing year. The 30-day expected move averaged 22.9%. IV traded above realized volatility by 0.9% (HV 20d: 83.8%). Max pain ranged from $7.50 to $8.75. Net GEX was positive for 19 of 23 trading days. Term structure was in contango for 2 of 23 days. Put/call ratio averaged 2.40.

Notable Days

  • 2008-10-07: Highest Volume — 27,076 contracts
  • 2008-10-06: Largest IV spike — 40.9% change
  • 2008-10-10: Highest IV Rank — 95.7%
  • 2008-10-28: Largest Expected Move — 29.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$6.75$5.72$8.94$8.94$6.49
Max Pain$7.66$7.50$8.75$8.75$7.50
ATM IV84.6%68.6%108.8%72.6%83.0%
Expected Move22.9%18.4%29.2%20.8%23.8%
HV 20d83.8%74.3%101.5%82.3%75.9%
HV 60d65.3%55.8%70.3%55.8%70.3%
IV Rank61.9%39.4%95.7%45.1%59.5%
IV Percentile90.8%78.2%99.2%85.3%91.3%
Term Structure-11.9%-33.4%20.8%-7.1%-9.4%
VWIV80.0%64.8%100.5%66.0%77.3%
Skew 25d24.4%12.1%40.8%25.1%30.7%
Skew 10d53.4%34.2%75.8%62.4%63.6%
Call IV 25d68.9%46.7%86.9%52.5%70.5%
Put IV 25d93.3%73.7%112.4%77.6%101.2%
Bid-Ask Spread %52.9218.6285.0260.9540.65
Gamma HHI0.290.240.600.460.26
Net GEX77.4K-44.7K284.3K197.0K50.4K
Net DEX20.2M-15.8M31.4M-15.8M18.4M
Net VEX-137.1K-179.7K-100.4K-176.2K-119.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.400.0710.570.721.40
Total Volume6,844.34822027,07626,5326,468
Total OI207,438.783189,676229,460197,136203,428

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-10-01$8.94$8.7572.6%20.8%82.3%45.1%66.0%25.1%-7.1%197.0K-15.8M-176.2K0.7260.95N/AN/A15,46011,07296,652100,484
2008-10-02$8.47$8.7577.5%22.2%82.8%51.8%69.5%12.1%-9.3%284.3K-5.2M-167.1K0.2171.03N/AN/A8,2681,712102,33697,620
2008-10-03$7.95$8.7569.6%19.9%86.0%40.8%84.6%15.8%20.8%28.5K10.1M-179.7K0.5656.34N/AN/A3,4161,912104,46097,736
2008-10-06$7.33$7.5098.0%24.5%90.4%80.6%93.8%17.1%-8.6%5020.8M-173.8K2.4169.86N/AN/A3,5688,604106,38898,320
2008-10-07$7.11$7.5076.9%20.4%88.6%51.0%75.2%30.2%-8.3%39.4K27.4M-158.1K1.3254.84N/AN/A11,65215,424108,420102,280
2008-10-08$6.95$7.5080.8%20.2%88.5%56.6%82.9%35.6%-8.4%62.3K26.2M-163.1K1.5346.11N/AN/A628964114,604104,276
2008-10-09$6.35$7.50100.2%23.4%92.9%83.7%74.3%37.4%-8.2%53.9K31.4M-125.1K0.0775.32N/AN/A9,440700114,61295,668
2008-10-10$6.38$7.50108.8%20.4%93.0%95.7%78.9%18.3%2.0%79.4K30.4M-129.0K9.5785.02N/AN/A8848,460122,14495,276
2008-10-13$7.06$7.5068.6%18.4%100.3%39.4%65.1%40.8%-10.4%142.3K22.3M-151.8K0.5162.37N/AN/A1,120568122,39299,752
2008-10-14$6.77$7.5078.3%22.3%101.2%52.9%64.8%26.2%-20.0%118.9K28.1M-139.0K0.1756.76N/AN/A10,4721,728123,23299,852
2008-10-15$6.39$7.5096.3%22.1%101.5%78.1%92.9%27.1%-11.0%106.8K31.4M-128.4K0.8277.83N/AN/A876720129,99299,468
2008-10-16$6.45$7.5078.1%22.4%80.9%52.7%80.8%29.5%-9.3%122.4K30.4M-126.8K2.7052.32N/AN/A320864129,24099,156
2008-10-17$6.56$7.5078.8%22.6%79.0%53.7%77.6%23.8%-17.6%165.0K28.1M-133.2K10.5750.43N/AN/A7608,036129,44498,816
2008-10-20$6.79$7.5075.6%21.7%78.7%49.3%76.8%15.9%-9.2%184.9K11.0M-144.5K4.3427.79N/AN/A5962,584108,41681,260
2008-10-21$6.75$7.5075.8%21.7%76.1%49.5%68.9%19.3%-13.6%132.2K13.0M-142.1K0.4652.89N/AN/A544252108,56083,508
2008-10-22$6.34$7.5076.1%21.8%74.6%49.9%77.6%23.9%-9.4%51.1K19.9M-122.6K0.6559.13N/AN/A1,380900108,57683,636
2008-10-23$6.06$7.5076.2%21.9%75.2%50.1%78.0%18.3%-12.9%-7.8K23.5M-109.3K4.4455.74N/AN/A1,2045,348109,18884,164
2008-10-24$5.83$7.5098.1%28.1%74.6%80.7%96.8%24.9%-31.1%-33.1K25.3M-106.7K1.6568.14N/AN/A1,0961,808110,12888,032
2008-10-27$5.72$7.50101.0%29.0%74.3%84.9%100.5%25.6%-26.8%-44.7K26.1M-100.4K0.9118.62N/AN/A2,3042,088110,98488,784
2008-10-28$5.91$7.50101.9%29.2%75.5%86.1%78.7%25.4%-33.4%-26.1K24.6M-106.8K7.5720.42N/AN/A56424113,16090,144
2008-10-29$6.19$7.5087.9%25.2%76.9%66.4%87.7%17.2%-16.6%27.2K19.2M-122.5K1.9931.74N/AN/A8441,676113,21289,640
2008-10-30$6.37$7.5086.6%24.8%77.4%64.6%90.8%21.6%-16.4%47.0K17.6M-126.6K0.6222.87N/AN/A13684113,44090,212
2008-10-31$6.49$7.5083.0%23.8%75.9%59.5%77.3%30.7%-9.4%50.4K18.4M-119.4K1.4040.65N/AN/A2,6963,772113,16890,260