OTEX Options History — August 2012

In August 2012, OTEX traded between $11.55 and $13.64. ATM implied volatility averaged 42.2%, placing in the 36.5% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 2.8% (HV 20d: 39.3%). Max pain ranged from $11.25 to $12.50. Net GEX was positive for 16 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 1.49.

Notable Days

  • 2012-08-10: Highest Volume — 25,140 contracts
  • 2012-08-10: Largest IV drop — 63.1% change
  • 2012-08-07: Highest IV Rank — 100.0%
  • 2012-08-03: Largest Expected Move — 19.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.08$11.55$13.64$11.56$13.45
Max Pain$12.34$11.25$12.50$12.50$12.50
ATM IV42.2%24.3%86.5%64.4%24.3%
Expected Move10.6%7.0%19.7%18.5%7.0%
HV 20d39.3%27.8%46.1%30.5%38.9%
HV 60d33.9%28.5%36.9%28.7%34.7%
IV Rank36.5%8.0%100.0%74.9%8.0%
IV Percentile41.3%6.0%100.0%99.2%6.0%
Term Structure1.7%-22.7%11.7%-16.9%4.0%
VWIV37.4%20.7%68.2%64.6%24.3%
Skew 25d4.3%0.1%7.5%1.4%5.8%
Skew 10d9.0%-2.2%30.0%11.8%9.6%
Call IV 25d35.1%21.0%68.0%64.5%21.0%
Put IV 25d39.4%26.7%68.1%65.9%26.7%
Bid-Ask Spread %24.1412.9142.6235.9613.37
Gamma HHI0.340.220.750.270.32
Net GEX195.4K-274.1K1.1M-265.5K249.6K
Net DEX-4.0M-15.2M12.7M12.3M-6.2M
Net VEX-55.1K-62.9K-47.6K-57.9K-62.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.490.115.210.501.01
Total Volume3,398.95712025,1401,0522,548
Total OI44,276.8724,78861,21653,70833,984

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-08-01$11.56$12.5064.4%18.5%30.5%74.9%64.6%1.4%-16.9%-265.5K12.3M-57.9K0.5035.96N/AN/A70035225,17628,532
2012-08-02$11.55$12.5063.7%18.3%30.4%73.8%64.0%4.2%-15.3%-274.1K12.7M-56.1K3.3636.83N/AN/A7882,64425,56828,676
2012-08-03$12.14$12.5068.7%19.7%27.8%82.0%68.2%0.1%-22.7%-194.0K6.2M-61.6K3.5442.62N/AN/A9883,49625,86028,196
2012-08-06$12.56$11.2576.8%13.9%30.0%95.4%47.4%7.1%-1.9%-84.3K1.1M-60.8K3.7428.00N/AN/A6282,34826,28826,940
2012-08-07$12.42$11.2579.9%14.1%29.9%100.0%50.0%6.7%-1.5%-30.4K1.2M-58.4K1.1521.96N/AN/A8921,02826,44025,040
2012-08-08$12.29$11.2583.4%14.3%30.1%100.0%48.9%6.4%-2.1%-38.3K2.0M-57.3K0.6326.07N/AN/A1,9921,26026,65625,016
2012-08-09$12.35$12.5086.5%13.8%30.1%100.0%50.1%5.7%0.2%-23.3K1.3M-58.7K1.9229.24N/AN/A3,4006,51627,65225,884
2012-08-10$13.63$12.5031.9%9.1%45.6%19.3%33.1%3.1%8.0%380.0K-15.2M-47.6K1.1321.64N/AN/A11,77613,36428,52428,392
2012-08-13$13.45$12.5032.5%9.1%46.1%20.1%31.7%3.1%8.9%378.2K-11.8M-53.8K0.4430.56N/AN/A1,03645630,96030,040
2012-08-14$13.34$12.5024.8%9.0%45.9%8.7%31.0%3.6%8.6%325.8K-10.4M-51.1K5.2117.64N/AN/A2281,18831,02430,192
2012-08-15$13.54$12.5027.4%8.6%45.9%12.6%30.2%3.4%11.1%520.4K-10.6M-51.5K0.5120.19N/AN/A42421629,48430,196
2012-08-16$13.57$12.5030.7%8.8%45.8%17.4%32.5%4.1%10.9%751.1K-10.4M-49.1K0.5920.81N/AN/A2,1481,27229,45228,932
2012-08-17$13.64$12.5029.4%8.4%44.7%15.5%29.5%3.9%11.7%1.1M-10.5M-51.5K0.3620.35N/AN/A1,86868030,09229,788
2012-08-20$13.62$12.5028.9%8.3%43.1%14.8%31.0%3.3%3.9%132.1K-6.0M-49.5K0.7423.78N/AN/A1,33298013,41211,376
2012-08-21$13.63$12.5028.5%8.2%42.4%14.1%28.6%4.3%3.7%154.0K-6.4M-50.9K0.1120.69N/AN/A1,27613614,38011,604
2012-08-22$13.58$12.5028.2%8.1%42.4%13.7%20.7%4.2%4.1%181.3K-6.6M-53.5K4.0018.91N/AN/A249615,33211,696
2012-08-23$13.51$12.5028.6%8.2%42.7%14.4%28.5%4.1%4.0%178.7K-6.3M-53.1K0.8321.10N/AN/A927615,35611,748
2012-08-24$13.39$12.5028.1%8.1%43.2%13.6%29.5%3.8%4.1%176.3K-5.5M-52.9K0.8126.22N/AN/A19215615,38011,808
2012-08-27$13.34$12.5026.9%7.7%43.0%11.8%27.7%2.9%3.3%192.9K-5.3M-51.2K1.2421.30N/AN/A1,7362,14815,56811,928
2012-08-28$13.41$12.5025.9%7.4%42.2%10.3%26.2%7.5%3.9%198.9K-5.6M-56.0K0.6216.23N/AN/A2,0561,26816,75613,292
2012-08-29$13.46$12.5025.3%7.3%41.7%9.5%25.3%6.2%4.2%227.9K-6.1M-60.4K0.5812.91N/AN/A96856418,19214,108
2012-08-30$13.35$12.5025.1%7.2%42.0%9.2%0.0%5.2%3.9%238.4K-5.5M-61.4K1.2828.87N/AN/A36847218,98814,460
2012-08-31$13.45$12.5024.3%7.0%38.9%8.0%24.3%5.8%4.0%249.6K-6.2M-62.9K1.0113.37N/AN/A1,2681,28019,19214,792