OTEX Options History — January 2019

In January 2019, OTEX traded between $31.56 and $35.84. ATM implied volatility averaged 29.3%, placing in the 56.1% IV rank vs the trailing year. The 30-day expected move averaged 8.7%. IV traded above realized volatility by 1.8% (HV 20d: 27.5%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 17 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.73.

Notable Days

  • 2019-01-31: Highest Volume — 651 contracts
  • 2019-01-09: Largest IV spike — 94.5% change
  • 2019-01-30: Highest IV Rank — 74.9%
  • 2019-01-30: Largest Expected Move — 10.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.35$31.56$35.84$32.39$35.57
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV29.3%14.6%35.6%26.4%35.2%
Expected Move8.7%7.6%10.2%7.6%7.6%
HV 20d27.5%20.5%33.9%30.3%21.1%
HV 60d26.3%24.7%27.3%26.5%24.7%
IV Rank56.1%12.3%74.9%47.3%73.7%
IV Percentile75.8%4.0%96.0%70.2%93.7%
Term Structure-3.3%-9.2%15.5%15.5%-1.0%
VWIV30.2%26.4%36.5%26.4%26.6%
Skew 25d7.6%0.0%16.9%5.1%4.3%
Skew 10d12.1%0.3%28.0%4.7%7.6%
Call IV 25d26.6%20.8%30.0%26.8%26.1%
Put IV 25d34.2%24.5%42.4%31.8%30.4%
Bid-Ask Spread %86.6561.12107.0563.3478.86
Gamma HHI0.770.480.950.620.77
Net GEX159.4K-304.3K671.8K-178.9K197.4K
Net DEX-1.6M-4.3M2.3M1.2M-2.9M
Net VEX-9.5K-12.1K-8.5K-12.0K-8.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.730.016.693.100.37
Total Volume175.95225651283651
Total OI4,432.6672,6845,7315,2282,828

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$32.39$35.0026.4%7.6%30.3%47.3%26.4%5.1%15.5%-178.9K1.2M-12.0K3.1063.34N/AN/A692141,7893,439
2019-01-03$31.56$35.0033.8%9.6%31.3%69.3%33.1%4.5%-4.2%-304.3K2.3M-12.1K6.6993.69N/AN/A322141,8023,440
2019-01-04$32.20$35.0027.5%9.5%32.4%50.5%33.0%3.8%-3.8%-210.9K1.4M-11.1K1.3586.71N/AN/A1582141,7883,440
2019-01-07$32.80$35.0019.1%8.2%32.1%25.7%30.5%5.2%-1.2%-8.8K88.2K-8.5K0.4785.91N/AN/A1781,8733,440
2019-01-08$33.72$35.0014.6%7.9%33.5%12.3%27.7%5.2%-1.5%134.9K-614.4K-8.6K0.0483.82N/AN/A11251,9123,432
2019-01-09$34.22$35.0028.5%8.2%33.7%53.6%28.6%6.0%-2.7%209.8K-1.4M-9.7K0.0893.91N/AN/A6651,9833,433
2019-01-10$34.54$35.0027.8%8.0%33.9%51.6%27.9%5.8%-2.1%251.3K-1.9M-10.0K0.0885.09N/AN/A182152,0523,433
2019-01-11$34.45$35.0027.9%8.0%33.3%51.7%28.4%4.6%-2.8%288.0K-1.9M-10.0K0.3887.40N/AN/A68262,1283,433
2019-01-14$34.26$35.0028.2%8.1%33.2%52.7%28.2%2.4%-2.7%274.5K-1.5M-9.3K0.1387.62N/AN/A2332,1493,441
2019-01-15$34.44$35.0027.7%7.9%30.4%51.3%28.1%6.6%-2.7%327.9K-1.7M-9.1K0.3391.44N/AN/A58192,1543,440
2019-01-16$34.48$35.0028.2%8.1%28.7%52.7%28.5%8.7%-3.2%360.6K-1.8M-9.1K0.5186.07N/AN/A145742,1953,435
2019-01-17$34.80$35.0028.6%8.2%25.3%54.0%27.8%0.0%-3.4%671.8K-2.3M-9.3K0.73107.05N/AN/A102742,2643,444
2019-01-18$35.28$35.0028.2%8.1%25.2%52.7%28.3%10.7%-3.6%145.7K-4.3M-8.7K0.2591.08N/AN/A298742,2813,450
2019-01-22$34.75$35.0031.1%8.9%25.6%61.3%30.8%9.5%-4.6%155.5K-2.0M-9.3K0.0190.80N/AN/A7211,857827
2019-01-23$34.99$35.0031.4%9.0%21.6%62.3%30.5%9.0%-5.6%160.6K-2.2M-9.2K0.1191.10N/AN/A4451,866828
2019-01-24$35.17$35.0032.2%9.2%21.6%64.7%31.4%10.9%-6.0%164.0K-2.4M-9.3K0.0793.54N/AN/A9261,879832
2019-01-25$35.84$35.0032.9%9.4%20.5%66.8%31.6%16.9%-6.8%173.5K-3.2M-9.2K0.1781.60N/AN/A5291,930837
2019-01-28$35.51$35.0035.3%10.1%21.1%73.8%35.3%13.6%-9.1%175.9K-2.8M-8.9K0.0287.19N/AN/A10521,944837
2019-01-29$35.09$35.0035.6%10.2%21.5%74.8%36.5%13.7%-9.2%176.2K-2.3M-8.6K0.2661.12N/AN/A131341,925837
2019-01-30$35.27$35.0035.6%10.2%21.5%74.9%35.8%13.5%-9.0%181.8K-2.5M-8.6K0.2192.38N/AN/A178381,933856
2019-01-31$35.57$35.0035.2%7.6%21.1%73.7%26.6%4.3%-1.0%197.4K-2.9M-8.5K0.3778.86N/AN/A4741771,976852