OTEX Options History — August 2011

In August 2011, OTEX traded between $12.78 and $16.79. ATM implied volatility averaged 51.2%, placing in the 58.8% IV rank vs the trailing year. The 30-day expected move averaged 13.9%. IV traded below realized volatility by 6.3% (HV 20d: 57.6%). Max pain ranged from $15.00 to $16.25. Net GEX was positive for 6 of 23 trading days. Term structure was in contango for 5 of 23 days. Put/call ratio averaged 3.04.

Notable Days

  • 2011-08-11: Highest Volume — 9,692 contracts
  • 2011-08-08: Largest IV spike — 46.1% change
  • 2011-08-08: Highest IV Rank — 100.0%
  • 2011-08-10: Largest Expected Move — 17.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.29$12.78$16.79$16.79$14.75
Max Pain$15.43$15.00$16.25$15.00$15.00
ATM IV51.2%38.3%79.6%46.5%38.3%
Expected Move13.9%11.0%17.4%13.3%11.0%
HV 20d57.6%29.5%70.1%29.5%66.8%
HV 60d41.0%26.6%47.0%26.6%47.0%
IV Rank58.8%33.1%100.0%65.3%33.1%
IV Percentile95.6%83.7%100.0%98.4%83.7%
Term Structure-3.4%-18.9%6.8%-2.5%-0.2%
VWIV47.6%35.9%56.2%47.9%39.1%
Skew 25d6.6%2.7%11.2%4.7%4.0%
Skew 10d16.1%-19.4%35.4%15.2%11.1%
Call IV 25d45.0%39.0%52.2%44.5%39.0%
Put IV 25d51.6%43.0%59.7%49.2%43.0%
Bid-Ask Spread %44.9622.7176.6752.8239.05
Gamma HHI0.310.170.620.320.21
Net GEX-435.7K-893.0K134.1K-100.3K134.1K
Net DEX16.2M-4.5M34.2M-4.5M3.5M
Net VEX-77.4K-101.8K-56.1K-93.2K-79.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.040.0313.774.350.90
Total Volume2,837.7394849,6928,1804,504
Total OI51,674.08730,51264,15252,78040,332

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2011-08-01$16.79$15.0046.5%13.3%29.5%65.3%47.9%4.7%-2.5%-100.3K-4.5M-93.2K4.3552.82N/AN/A1,5286,65217,33635,444
2011-08-02$15.65$16.2546.5%13.3%39.0%65.3%47.9%4.3%-3.9%-655.5K7.8M-101.8K0.8853.51N/AN/A51645617,98840,228
2011-08-03$15.84$16.2544.3%12.7%37.9%60.2%45.9%2.7%-5.0%-703.6K8.1M-100.5K4.5642.76N/AN/A3641,66018,05240,368
2011-08-04$15.07$16.2559.6%17.1%41.0%95.2%56.2%4.5%-18.9%-722.2K14.8M-98.7K0.6737.30N/AN/A39626418,18839,496
2011-08-05$14.92$16.2554.1%13.4%41.0%82.6%46.4%5.7%-3.8%-775.5K17.0M-96.8K4.7837.30N/AN/A2961,41618,36839,496
2011-08-08$14.02$16.2579.1%17.1%44.7%100.0%50.6%7.5%-10.9%-726.9K23.1M-87.7K4.7641.57N/AN/A3161,50418,36840,428
2011-08-09$15.08$16.2564.1%14.3%53.1%75.5%55.7%8.0%-4.9%-752.5K15.4M-88.6K6.1971.08N/AN/A2281,41218,38040,856
2011-08-10$14.37$16.2579.6%17.4%49.9%100.0%54.3%7.9%-17.7%-736.2K19.9M-89.1K3.4760.17N/AN/A1,6125,59618,34840,800
2011-08-11$13.04$16.2553.7%15.4%58.9%58.0%54.3%8.2%-3.3%-893.0K34.0M-66.9K13.7755.88N/AN/A6569,03619,14044,484
2011-08-12$12.78$15.0054.7%15.7%58.6%59.7%48.5%11.2%-2.5%-810.0K34.2M-63.0K6.0149.81N/AN/A2841,70819,28043,820
2011-08-15$13.50$15.0046.5%13.3%63.6%46.3%45.4%4.5%2.5%-633.4K30.3M-56.1K1.2634.08N/AN/A1,3641,71619,37242,968
2011-08-16$13.03$15.0044.6%12.8%63.5%43.3%49.9%7.3%6.7%-822.0K31.9M-59.9K7.2825.13N/AN/A1441,04820,05243,044
2011-08-17$13.04$15.0043.8%12.5%63.7%41.9%41.5%5.3%6.8%-790.2K32.7M-56.6K3.9430.90N/AN/A20480420,11643,396
2011-08-18$13.66$15.0053.1%15.2%66.8%57.1%52.6%11.2%-8.7%-612.1K28.8M-62.2K0.8576.67N/AN/A1,9281,63620,00042,840
2011-08-19$13.85$15.0050.3%14.4%67.0%52.5%50.4%6.4%-2.2%-312.9K24.7M-67.8K1.4468.90N/AN/A1,3681,96421,00443,148
2011-08-22$13.97$15.0050.4%14.5%67.4%52.7%48.0%8.5%-0.3%-123.2K8.6M-68.6K0.5639.19N/AN/A61234011,77218,740
2011-08-23$14.40$15.0040.2%11.5%68.6%36.2%43.3%6.9%2.1%-123.7K7.9M-70.2K0.0554.69N/AN/A3,90021212,10018,800
2011-08-24$14.29$15.0049.6%14.2%68.5%51.5%44.1%8.8%-5.1%5.8K6.3M-76.3K0.2230.64N/AN/A1,80039215,85618,760
2011-08-25$13.87$15.0049.8%14.3%68.8%51.6%48.9%7.4%-6.2%7.3K7.4M-73.1K0.3022.71N/AN/A91627216,94019,020
2011-08-26$14.05$15.0042.1%12.1%69.3%39.3%42.2%6.0%3.2%19.6K8.3M-71.2K1.5731.26N/AN/A27643217,75219,088
2011-08-29$14.35$15.0044.9%12.9%70.1%43.7%44.9%6.1%-2.5%49.0K5.9M-77.1K2.1029.86N/AN/A15632817,80819,316
2011-08-30$14.37$15.0043.0%12.3%66.1%40.6%35.9%5.9%-0.5%56.2K6.1M-75.6K0.0348.77N/AN/A2,9728017,85619,556
2011-08-31$14.75$15.0038.3%11.0%66.8%33.1%39.1%4.0%-0.2%134.1K3.5M-79.6K0.9039.05N/AN/A2,3722,13220,70419,628