OTEX Options History — December 2008

In December 2008, OTEX traded between $6.53 and $7.65. ATM implied volatility averaged 47.8%, placing in the 11.0% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 6.8% (HV 20d: 41.0%). Max pain ranged from $6.25 to $6.25. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 19 of 22 days. Put/call ratio averaged 6.64.

Notable Days

  • 2008-12-04: Highest Volume — 10,340 contracts
  • 2008-12-09: Largest IV drop — 28.9% change
  • 2008-12-01: Highest IV Rank — 42.4%
  • 2008-12-01: Largest Expected Move — 20.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$7.08$6.53$7.65$6.53$7.53
Max Pain$6.25$6.25$6.25$6.25$6.25
ATM IV47.8%39.1%70.6%70.6%40.9%
Expected Move13.8%11.2%20.2%20.2%11.7%
HV 20d41.0%25.3%67.4%66.8%25.4%
HV 60d67.8%58.1%75.9%75.7%58.1%
IV Rank11.0%0.0%42.4%42.4%2.6%
IV Percentile20.3%0.0%78.2%78.2%3.2%
Term Structure7.7%-7.2%13.7%-5.2%12.9%
VWIV48.5%32.5%71.8%71.8%41.0%
Skew 25d9.9%2.4%21.7%14.8%3.5%
Skew 10d17.3%4.1%35.9%4.5%4.4%
Call IV 25d39.7%29.5%62.0%62.0%31.3%
Put IV 25d49.6%34.8%76.8%76.8%34.8%
Bid-Ask Spread %67.264.3497.9473.594.34
Gamma HHI0.460.380.650.380.53
Net GEX813.4K510.0K1.7M511.1K933.4K
Net DEX-28.9M-43.3M-15.5M-15.5M-39.4M
Net VEX-105.0K-119.1K-91.2K-119.1K-97.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio6.640.0065.000.131.92
Total Volume3,24024010,3404,8521,472
Total OI162,955.455146,400174,976146,400164,088

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2008-12-01$6.53$6.2570.6%20.2%66.8%42.4%71.8%14.8%-5.2%511.1K-15.5M-119.1K0.1373.59N/AN/A4,300552105,84440,556
2008-12-02$6.72$6.2570.1%20.1%67.4%41.7%68.0%21.7%-7.2%597.2K-19.6M-119.0K1.8356.44N/AN/A496908110,02840,576
2008-12-03$6.70$6.2557.6%16.5%53.1%24.1%57.7%6.7%2.3%587.9K-18.6M-111.6K5.5842.30N/AN/A8965,004109,92840,504
2008-12-04$6.62$6.2554.6%15.7%52.9%20.0%54.4%16.4%-0.4%576.4K-17.4M-110.2K11.3174.43N/AN/A8409,500110,36843,208
2008-12-05$6.75$6.2556.9%15.4%52.9%23.2%49.8%9.0%8.9%510.0K-18.9M-112.1K0.3581.47N/AN/A2,712956111,06451,836
2008-12-08$6.79$6.2557.0%15.4%52.9%23.3%53.9%10.2%8.2%574.9K-20.5M-112.9K2.0051.64N/AN/A80160112,82052,748
2008-12-09$6.92$6.2540.6%12.9%51.8%0.2%49.2%11.8%8.8%694.6K-24.2M-114.9K1.1979.92N/AN/A1,0001,188112,82052,724
2008-12-10$6.84$6.2542.4%14.7%51.8%2.8%51.8%6.6%6.6%662.5K-21.8M-109.0K0.0076.46N/AN/A2,7004112,82053,560
2008-12-11$6.72$6.2549.0%14.0%49.5%12.0%46.7%4.2%10.8%547.6K-19.8M-109.0K0.2082.36N/AN/A20040113,88853,452
2008-12-12$6.78$6.2550.1%14.4%40.8%13.6%49.3%8.2%10.7%657.3K-21.4M-104.6K65.0081.21N/AN/A8520113,96853,488
2008-12-15$6.86$6.2549.6%14.2%39.0%13.0%46.8%6.7%8.6%849.2K-24.5M-97.1K8.8447.42N/AN/A5805,128113,97253,812
2008-12-16$7.05$6.2545.2%12.9%40.3%6.6%0.0%14.1%5.1%857.0K-28.6M-103.8K1.3258.12N/AN/A404532114,14856,756
2008-12-17$7.20$6.2542.4%12.1%37.7%2.7%44.3%14.0%6.0%1.1M-32.8M-100.5K0.1475.06N/AN/A2,068284114,24457,100
2008-12-18$7.24$6.2542.6%12.2%33.4%3.0%44.8%16.4%7.7%1.1M-33.7M-101.6K0.4968.98N/AN/A3,1361,524115,11657,224
2008-12-19$7.41$6.2539.1%11.2%27.6%0.0%38.6%14.2%10.8%1.7M-40.3M-92.4K38.5687.02N/AN/A1284,936116,99257,984
2008-12-22$7.33$6.2539.4%11.3%27.5%0.4%39.4%11.6%11.3%1.0M-35.4M-96.0K4.9422.28N/AN/A1,1925,884110,42444,248
2008-12-23$7.55$6.2540.8%11.7%28.2%2.4%32.5%4.7%12.0%926.1K-41.0M-99.0K0.7170.93N/AN/A4,0922,888111,06848,804
2008-12-24$7.58$6.2539.9%11.4%26.5%1.2%0.0%7.1%13.6%858.4K-41.1M-110.9K0.2184.58N/AN/A1,144244111,45251,052
2008-12-26$7.57$6.2540.0%11.5%25.3%1.4%40.0%5.0%13.7%938.4K-41.3M-97.6K0.5597.94N/AN/A296164112,36450,868
2008-12-29$7.46$6.2541.2%11.8%26.1%2.9%0.0%2.4%12.8%918.6K-37.5M-99.7K0.2297.51N/AN/A732160112,64050,896
2008-12-30$7.65$6.2541.6%11.9%25.3%3.6%41.8%8.4%12.1%829.3K-43.3M-91.2K0.6965.78N/AN/A1,320908112,54851,020
2008-12-31$7.53$6.2540.9%11.7%25.4%2.6%41.0%3.5%12.9%933.4K-39.4M-97.5K1.924.34N/AN/A504968112,78051,308