OTEX Options History — February 2019

In February 2019, OTEX traded between $36.76 and $38.34. ATM implied volatility averaged 16.1%, placing in the 17.4% IV rank vs the trailing year. The 30-day expected move averaged 4.8%. IV traded below realized volatility by 4.4% (HV 20d: 20.5%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 19 of 19 days. Put/call ratio averaged 0.19.

Notable Days

  • 2019-02-01: Highest Volume — 812 contracts
  • 2019-02-15: Largest IV drop — 55.5% change
  • 2019-02-06: Highest IV Rank — 36.0%
  • 2019-02-06: Largest Expected Move — 6.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.51$36.76$38.34$37.20$37.97
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV16.1%10.0%22.6%15.0%10.5%
Expected Move4.8%2.9%6.5%6.3%3.0%
HV 20d20.5%17.8%22.4%22.4%18.4%
HV 60d25.2%24.0%26.3%26.2%24.1%
IV Rank17.4%0.0%36.0%13.2%1.7%
IV Percentile23.3%0.0%61.1%5.2%0.8%
Term Structure4.9%0.1%12.9%1.7%8.4%
VWIV18.1%9.9%23.0%22.0%12.7%
Skew 25d3.8%0.8%9.9%2.4%4.8%
Skew 10d5.0%-5.6%12.3%-5.6%7.0%
Call IV 25d14.5%10.4%19.6%18.9%11.2%
Put IV 25d18.3%12.7%21.5%21.3%16.0%
Bid-Ask Spread %32.446.9275.6964.6967.14
Gamma HHI0.540.480.630.630.61
Net GEX92.2K54.5K142.6K75.8K139.3K
Net DEX-4.2M-5.6M-2.5M-5.6M-2.8M
Net VEX-6.9K-9.2K-4.8K-4.8K-9.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.190.000.690.160.24
Total Volume174.15882812812131
Total OI2,639.8951,4333,4533,0141,781

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$37.20$35.0015.0%6.3%22.4%13.2%22.0%2.4%1.7%75.8K-5.6M-4.8K0.1664.69N/AN/A6981142,145869
2019-02-04$37.50$35.0017.4%6.3%22.0%20.5%22.0%2.2%2.7%76.5K-5.5M-5.3K0.0616.12N/AN/A13982,428843
2019-02-05$37.69$35.0016.1%4.4%21.6%16.5%23.0%2.3%3.9%71.1K-5.5M-5.0K0.0675.69N/AN/A15792,503849
2019-02-06$37.41$35.0022.6%6.5%20.7%36.0%20.2%2.4%0.6%54.5K-5.4M-5.0K0.0029.56N/AN/A14702,511848
2019-02-07$36.96$35.0021.9%6.3%21.3%33.8%21.2%1.9%3.1%74.1K-5.2M-5.5K0.0633.59N/AN/A8152,527848
2019-02-08$37.00$35.0021.4%6.1%21.2%32.5%20.5%1.7%2.8%74.7K-5.2M-5.5K0.1018.95N/AN/A8482,518853
2019-02-11$36.76$35.0021.4%6.1%21.4%32.6%20.5%8.1%2.8%77.6K-5.1M-5.8K0.058.85N/AN/A13772,532853
2019-02-12$36.84$35.0021.7%6.2%21.1%33.2%19.9%8.2%2.1%82.7K-5.0M-6.2K0.0910.70N/AN/A8782,534860
2019-02-13$37.17$35.0021.4%6.1%21.2%32.3%19.3%8.3%2.8%86.1K-5.2M-6.1K0.1111.12N/AN/A7482,546861
2019-02-14$37.40$35.0022.4%6.4%21.2%35.4%21.1%0.8%0.1%81.4K-5.2M-6.3K0.2112.37N/AN/A109232,548875
2019-02-15$37.51$35.0010.0%2.9%21.1%0.0%22.2%9.9%12.9%79.0K-5.3M-6.6K0.1212.94N/AN/A337422,558895
2019-02-19$37.61$35.0011.7%3.4%20.8%5.2%22.9%7.6%7.3%91.4K-2.5M-7.5K0.3850.14N/AN/A94361,152281
2019-02-20$37.68$35.0012.4%3.6%19.7%7.2%15.6%1.7%7.1%91.1K-2.6M-8.3K0.6964.06N/AN/A52361,238317
2019-02-21$37.48$35.0013.1%3.7%19.9%9.0%13.4%1.3%6.9%94.2K-2.6M-8.5K0.676.92N/AN/A54361,273317
2019-02-22$37.85$35.0012.1%3.5%20.0%6.1%17.1%0.9%6.6%96.1K-2.7M-8.2K0.178.29N/AN/A205341,256317
2019-02-25$38.09$35.0011.4%3.3%19.2%4.2%10.4%1.1%7.0%124.2K-3.0M-8.8K0.049.02N/AN/A13651,416325
2019-02-26$38.24$35.0012.2%3.5%18.7%6.5%10.2%3.0%7.4%138.7K-3.1M-9.2K0.1659.50N/AN/A91151,515330
2019-02-27$38.34$35.0011.6%3.3%17.8%4.8%9.9%3.1%7.1%142.6K-3.1M-8.9K0.1756.61N/AN/A87151,516320
2019-02-28$37.97$35.0010.5%3.0%18.4%1.7%12.7%4.8%8.4%139.3K-2.8M-9.1K0.2467.14N/AN/A106251,461320