OTEX Options History — February 2009

In February 2009, OTEX traded between $7.90 and $9.04. ATM implied volatility averaged 42.6%, placing in the 5.0% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded above realized volatility by 4.5% (HV 20d: 38.1%). Max pain ranged from $7.50 to $8.75. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 13 of 19 days. Put/call ratio averaged 3.02.

Notable Days

  • 2009-02-23: Highest Volume — 5,492 contracts
  • 2009-02-23: Largest IV spike — 9.3% change
  • 2009-02-23: Highest IV Rank — 9.5%
  • 2009-02-23: Largest Expected Move — 13.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$8.56$7.90$9.04$8.69$7.90
Max Pain$8.49$7.50$8.75$7.50$8.75
ATM IV42.6%40.8%45.6%44.7%41.3%
Expected Move12.2%11.7%13.1%12.8%11.8%
HV 20d38.1%23.6%42.6%42.6%23.6%
HV 60d36.9%32.7%42.1%42.1%32.7%
IV Rank5.0%2.4%9.5%7.8%3.2%
IV Percentile9.3%4.0%21.0%11.5%6.0%
Term Structure2.8%-1.1%6.3%-0.9%4.6%
VWIV43.4%36.3%50.2%44.9%41.3%
Skew 25d6.9%2.3%9.2%5.6%6.1%
Skew 10d9.0%-3.4%21.5%8.9%4.9%
Call IV 25d39.0%34.5%43.4%43.4%34.5%
Put IV 25d45.9%40.6%49.3%49.0%40.6%
Bid-Ask Spread %27.566.6890.1957.9221.40
Gamma HHI0.460.280.660.400.42
Net GEX354.4K-160.1K958.7K297.4K-160.1K
Net DEX-14.6M-25.2M1.8M-18.7M1.8M
Net VEX-106.8K-121.4K-91.7K-121.4K-98.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.020.0013.202.291.88
Total Volume1,559.3681845,4921,000184
Total OI112,05262,616128,892124,17672,500

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-02-02$8.69$7.5044.7%12.8%42.6%7.8%44.9%5.6%-0.9%297.4K-18.7M-121.4K2.2957.92N/AN/A30469658,80465,372
2009-02-03$8.72$7.5043.1%12.4%42.0%5.6%43.1%6.3%-0.3%332.8K-19.1M-119.5K11.0512.04N/AN/A2963,27258,22465,640
2009-02-04$8.93$7.5043.2%12.4%42.6%5.7%41.9%8.5%-1.1%366.4K-22.4M-117.5K0.1314.35N/AN/A1,27216458,18867,820
2009-02-05$8.80$7.5042.1%12.1%42.5%4.2%41.9%2.3%-0.1%359.3K-20.2M-120.4K5.359.90N/AN/A5723,06058,50867,980
2009-02-06$8.95$8.7540.8%11.7%42.4%2.4%36.3%8.1%6.3%527.2K-23.2M-111.1K0.3816.52N/AN/A64024058,81668,924
2009-02-09$9.04$8.7542.5%12.0%40.6%4.9%41.7%8.6%5.9%479.7K-25.2M-110.5K0.9817.70N/AN/A45244458,98069,164
2009-02-10$8.90$8.7541.8%12.2%41.4%3.9%47.0%8.3%5.5%521.8K-22.7M-113.5K2.3915.30N/AN/A22453658,79669,396
2009-02-11$8.86$8.7541.8%12.1%41.5%3.9%42.5%8.1%5.1%536.6K-21.8M-112.9K0.7715.12N/AN/A28422058,91269,564
2009-02-12$8.88$8.7541.7%12.0%40.3%3.9%0.0%7.7%4.0%675.8K-22.3M-108.2K0.008.17N/AN/A508058,86469,704
2009-02-13$8.89$8.7541.9%12.0%40.4%4.1%41.9%8.4%4.3%712.2K-23.4M-110.3K0.2920.19N/AN/A2808059,27669,616
2009-02-17$8.70$8.7542.4%12.1%41.5%4.7%49.0%9.2%4.3%878.2K-19.7M-105.6K1.028.76N/AN/A35236059,16469,656
2009-02-18$8.68$8.7542.0%12.0%35.9%4.2%42.0%8.8%5.4%958.7K-18.6M-104.0K0.3982.62N/AN/A36814459,32869,464
2009-02-19$8.44$8.7543.5%12.5%33.8%6.4%50.2%6.6%1.3%580.2K-14.1M-101.4K1.8990.19N/AN/A21640859,13669,372
2009-02-20$8.25$8.7541.7%12.0%34.9%3.9%47.9%5.8%4.4%15.6K-9.4M-95.0K0.6919.67N/AN/A44030459,15669,196
2009-02-23$7.99$8.7545.6%13.1%35.9%9.5%44.1%5.4%-0.4%-7.1K-871.5K-91.7K5.9083.60N/AN/A7964,69631,71230,904
2009-02-24$8.03$8.7545.2%13.0%35.5%8.9%44.8%7.3%-0.4%-68.0K132.2K-95.0K8.5715.64N/AN/A3242,77632,32034,984
2009-02-25$7.97$8.7541.6%11.9%34.5%3.7%41.6%3.9%3.1%-119.2K991.5K-96.0K13.206.68N/AN/A2042,69232,58837,216
2009-02-26$7.99$8.7542.2%12.1%31.5%4.5%39.0%5.6%2.7%-153.7K1.3M-97.9K0.227.88N/AN/A1,49632432,63239,112
2009-02-27$7.90$8.7541.3%11.8%23.6%3.2%41.3%6.1%4.6%-160.1K1.8M-98.0K1.8821.40N/AN/A6412033,34039,160