OTEX Options History — May 2019

In May 2019, OTEX traded between $38.48 and $41.06. ATM implied volatility averaged 20.1%, placing in the 32.7% IV rank vs the trailing year. The 30-day expected move averaged 5.6%. IV traded above realized volatility by 1.2% (HV 20d: 18.9%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 18 of 22 days. Put/call ratio averaged 0.32.

Notable Days

  • 2019-05-17: Highest Volume — 1,114 contracts
  • 2019-05-02: Largest IV drop — 38.4% change
  • 2019-05-01: Highest IV Rank — 62.0%
  • 2019-05-01: Largest Expected Move — 8.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.11$38.48$41.06$38.48$39.73
Max Pain$38.41$35.00$40.00$35.00$40.00
ATM IV20.1%17.3%31.0%31.0%19.1%
Expected Move5.6%5.0%8.9%8.9%5.5%
HV 20d18.9%11.5%22.5%11.5%19.5%
HV 60d14.2%10.6%15.6%10.6%15.6%
IV Rank32.7%22.3%62.0%62.0%30.6%
IV Percentile48.2%31.7%87.7%87.7%44.8%
Term Structure0.9%-8.8%4.1%-8.8%0.5%
VWIV19.6%17.3%32.5%32.5%19.1%
Skew 25d1.4%-2.5%5.9%5.9%-2.3%
Skew 10d2.1%-4.2%8.6%5.7%-4.0%
Call IV 25d19.3%16.0%31.6%31.6%21.8%
Put IV 25d20.7%15.2%37.5%37.5%19.6%
Bid-Ask Spread %77.8252.4096.1971.4352.40
Gamma HHI0.840.650.990.940.71
Net GEX511.0K115.8K1.4M298.6K221.2K
Net DEX-5.0M-9.1M-2.7M-3.9M-2.8M
Net VEX-9.8K-12.3K-6.8K-10.1K-12.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.320.010.940.260.58
Total Volume237.864331,114170249
Total OI2,776.1821,5983,5393,1792,149

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$38.48$35.0031.0%8.9%11.5%62.0%32.5%5.9%-8.8%298.6K-3.9M-10.1K0.2671.43N/AN/A135352,442737
2019-05-02$39.72$35.0019.1%5.5%15.9%27.5%19.1%-2.5%-1.7%604.0K-5.7M-9.6K0.2189.04N/AN/A466972,489746
2019-05-03$40.17$35.0017.3%5.0%14.6%22.3%17.3%2.7%-0.8%646.5K-6.3M-9.4K0.1796.19N/AN/A315552,474743
2019-05-06$40.19$35.0018.5%5.0%14.2%25.6%17.5%-2.1%3.1%726.5K-6.9M-9.8K0.0686.79N/AN/A3122,676750
2019-05-07$39.30$35.0021.2%5.5%16.6%33.5%19.2%3.0%2.1%599.6K-5.0M-9.2K0.1989.27N/AN/A4382,683750
2019-05-08$40.36$35.0020.8%5.3%18.7%32.5%18.6%1.0%2.7%693.7K-7.2M-9.5K0.8794.48N/AN/A76662,680743
2019-05-09$40.24$35.0021.7%5.6%18.7%39.0%19.7%4.4%2.3%681.1K-6.8M-9.6K0.6887.79N/AN/A111762,684808
2019-05-10$40.34$40.0020.4%5.5%18.7%34.7%20.5%5.0%2.3%728.0K-7.0M-9.3K0.2988.10N/AN/A51152,663817
2019-05-13$39.57$40.0025.1%6.2%20.1%50.0%21.5%4.2%1.1%747.0K-5.2M-8.4K0.0288.65N/AN/A12722,663817
2019-05-14$39.71$40.0023.8%5.7%20.0%45.9%21.3%3.1%2.4%925.7K-5.3M-8.4K0.8581.10N/AN/A99842,680834
2019-05-15$39.98$40.0019.1%5.5%20.1%30.6%19.1%-2.5%3.4%1.3M-6.1M-8.1K0.0387.14N/AN/A11542,682835
2019-05-16$40.28$40.0019.1%5.5%19.1%30.4%19.1%4.3%2.7%1.4M-7.4M-7.7K0.0193.08N/AN/A42942,704835
2019-05-17$40.81$40.0017.8%5.1%19.4%26.4%17.8%0.6%4.1%115.8K-9.1M-6.8K0.0483.94N/AN/A1,072422,653835
2019-05-20$40.40$40.0017.9%5.1%19.9%26.7%17.9%1.5%0.9%184.7K-2.9M-9.8K0.0162.28N/AN/A8411,420178
2019-05-21$40.91$40.0018.8%5.4%20.1%29.6%19.1%2.8%-0.1%185.0K-3.3M-10.1K0.0462.51N/AN/A10841,481179
2019-05-22$41.06$40.0018.3%5.2%20.1%27.9%18.7%2.6%0.5%194.1K-3.5M-10.4K0.5253.04N/AN/A103541,558181
2019-05-23$40.35$40.0018.6%5.3%21.5%29.1%18.8%1.8%0.7%191.3K-3.0M-11.1K0.6881.91N/AN/A122831,602231
2019-05-24$40.50$40.0018.4%5.3%21.5%28.2%18.5%1.1%0.6%195.8K-3.2M-11.2K0.9463.76N/AN/A93871,625250
2019-05-28$40.58$40.0018.5%5.3%21.4%28.7%18.5%-0.8%0.6%200.1K-3.2M-10.9K0.0872.03N/AN/A11891,615252
2019-05-29$39.97$40.0018.7%5.3%22.3%29.1%18.7%-1.3%1.2%206.7K-2.7M-11.2K0.0472.08N/AN/A22591,670258
2019-05-30$39.75$40.0019.0%5.5%22.5%30.3%19.0%-1.7%1.0%220.9K-2.8M-11.7K0.3954.95N/AN/A233911,746258
2019-05-31$39.73$40.0019.1%5.5%19.5%30.6%19.1%-2.3%0.5%221.2K-2.8M-12.3K0.5852.40N/AN/A158911,810339