OTEX Options History — April 2021

In April 2021, OTEX traded between $47.11 and $49.97. ATM implied volatility averaged 22.9%, placing in the 18.6% IV rank vs the trailing year. The 30-day expected move averaged 7.2%. IV traded above realized volatility by 6.9% (HV 20d: 16.1%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 0.27.

Notable Days

  • 2021-04-28: Highest Volume — 1,172 contracts
  • 2021-04-14: Largest IV spike — 36.1% change
  • 2021-04-29: Highest IV Rank — 33.0%
  • 2021-04-29: Largest Expected Move — 8.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$48.75$47.11$49.97$48.25$47.11
Max Pain$45.24$45.00$50.00$50.00$45.00
ATM IV22.9%14.0%29.1%18.5%25.5%
Expected Move7.2%5.3%8.3%5.3%7.3%
HV 20d16.1%10.3%23.4%23.4%14.1%
HV 60d22.1%20.0%23.3%23.3%20.2%
IV Rank18.6%0.0%33.0%6.3%25.0%
IV Percentile23.5%0.0%57.1%2.4%33.3%
Term Structure-1.1%-5.3%4.8%4.8%0.6%
VWIV25.1%18.8%28.3%18.8%27.3%
Skew 25d1.4%-5.4%7.7%4.0%-1.3%
Skew 10d5.4%-14.3%26.0%5.6%2.0%
Call IV 25d23.9%17.7%34.0%18.9%28.4%
Put IV 25d25.3%17.7%31.1%22.9%27.1%
Bid-Ask Spread %75.5320.6498.9198.6582.57
Gamma HHI0.550.390.700.460.39
Net GEX488.1K262.7K868.7K262.7K501.7K
Net DEX-4.7M-7.5M-3.1M-3.1M-5.3M
Net VEX-26.4K-50.7K-21.3K-22.7K-49.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.270.003.330.000.27
Total Volume253.42921,1728485
Total OI4,370.4293,5957,6463,5957,646

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$48.25$50.0018.5%5.3%23.4%6.3%18.8%4.0%4.8%262.7K-3.1M-22.7K0.0098.65N/AN/A802,724871
2021-04-05$48.82$45.0020.4%7.1%23.0%10.5%24.8%7.7%-0.1%319.1K-3.7M-22.4K0.0082.81N/AN/A4402,729871
2021-04-06$48.89$45.0019.7%6.9%23.0%9.0%24.1%1.7%0.3%337.0K-3.6M-22.4K0.0038.48N/AN/A7102,748871
2021-04-07$48.80$45.0019.0%6.9%20.9%7.4%24.0%1.8%1.2%351.3K-3.8M-22.2K0.0072.09N/AN/A2102,815871
2021-04-08$49.29$45.0019.2%6.8%21.0%7.8%23.7%1.5%1.9%415.1K-4.4M-22.5K0.0085.71N/AN/A2202,814871
2021-04-09$49.36$45.0014.5%6.6%18.1%0.0%23.2%6.1%2.3%457.5K-4.3M-21.7K3.3374.05N/AN/A3102,812871
2021-04-12$49.59$45.0014.0%7.1%17.8%0.0%0.0%5.7%-0.1%572.2K-4.7M-21.3K0.0093.20N/AN/A15502,809862
2021-04-13$49.65$45.0018.0%7.1%16.1%8.7%23.4%1.5%-0.3%557.9K-4.9M-22.4K0.1477.80N/AN/A464642,948862
2021-04-14$49.50$45.0024.5%7.0%15.1%22.9%24.5%1.5%0.1%648.1K-4.7M-22.1K0.1569.74N/AN/A65102,976872
2021-04-15$49.97$45.0024.5%7.0%14.7%23.0%0.0%-0.5%-0.7%754.0K-5.5M-22.5K0.0079.10N/AN/A202,994882
2021-04-16$49.82$45.0023.6%6.8%14.2%21.0%23.6%2.6%-2.1%868.7K-5.1M-21.7K0.0075.51N/AN/A67002,992882
2021-04-19$49.22$45.0024.2%6.9%12.6%22.2%24.2%-2.0%-2.3%484.7K-5.5M-25.3K0.2898.91N/AN/A74213,441781
2021-04-20$48.68$45.0025.1%7.2%13.1%24.2%25.8%3.6%-2.4%441.8K-4.9M-25.4K0.1594.38N/AN/A4063,513802
2021-04-21$48.81$45.0027.3%7.8%11.9%29.1%27.3%-5.4%-5.3%445.8K-5.1M-25.7K0.0094.46N/AN/A2603,521806
2021-04-22$48.88$45.0025.7%7.4%10.3%25.4%25.7%-3.5%-3.1%472.0K-5.1M-25.2K0.0070.85N/AN/A4103,547806
2021-04-23$47.75$45.0025.9%7.4%13.5%26.0%26.7%1.6%-2.3%385.6K-3.7M-23.5K0.0935.51N/AN/A199173,551806
2021-04-26$47.78$45.0027.2%7.8%13.4%28.8%26.5%2.5%-3.7%407.2K-4.0M-25.7K0.3674.62N/AN/A45163,813823
2021-04-27$48.11$45.0027.6%7.9%13.7%29.6%27.7%2.7%-4.1%443.2K-4.4M-26.2K0.0020.64N/AN/A82003,846837
2021-04-28$47.75$45.0027.6%7.9%13.8%29.6%28.3%0.1%-4.5%476.8K-4.8M-32.5K0.0080.53N/AN/A1,17204,541837
2021-04-29$47.82$45.0029.1%8.3%13.5%33.0%27.1%-3.0%-2.9%648.3K-7.5M-50.7K0.9786.52N/AN/A3823696,078837
2021-04-30$47.11$45.0025.5%7.3%14.1%25.0%27.3%-1.3%0.6%501.7K-5.3M-49.9K0.2782.57N/AN/A3831026,4421,204