OTEX Options History — May 2022

In May 2022, OTEX traded between $35.39 and $41.10. ATM implied volatility averaged 34.2%, placing in the 29.4% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded below realized volatility by 5.8% (HV 20d: 40.0%). Max pain ranged from $40.00 to $45.00. Net GEX was positive for 2 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.51.

Notable Days

  • 2022-05-18: Highest Volume — 2,967 contracts
  • 2022-05-09: Largest IV spike — 69.5% change
  • 2022-05-09: Highest IV Rank — 42.7%
  • 2022-05-02: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.38$35.39$41.10$40.03$41.03
Max Pain$40.71$40.00$45.00$45.00$40.00
ATM IV34.2%26.6%45.1%40.2%30.1%
Expected Move9.7%7.7%11.5%11.5%8.6%
HV 20d40.0%32.3%44.2%33.3%40.2%
HV 60d31.9%28.5%33.8%29.8%33.8%
IV Rank29.4%19.6%42.7%37.7%23.8%
IV Percentile82.8%63.9%97.6%95.6%72.6%
Term Structure-2.6%-7.2%4.6%-7.2%-2.9%
VWIV34.4%28.2%40.0%40.0%30.4%
Skew 25d7.9%0.5%35.7%6.6%35.7%
Skew 10d18.2%0.3%90.1%10.7%90.1%
Call IV 25d32.7%26.1%38.9%38.6%31.8%
Put IV 25d40.5%31.6%67.4%45.2%67.4%
Bid-Ask Spread %86.6771.0495.4193.8289.75
Gamma HHI0.420.230.790.590.29
Net GEX-186.8K-387.5K98.1K-340.0K98.1K
Net DEX5.6M-1.0M10.0M7.2M-1.0M
Net VEX-11.2K-15.7K-8.2K-13.8K-9.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.510.171.250.200.77
Total Volume1,883.6191,0052,9671,0051,437
Total OI4,689.8573,0616,3004,4343,186

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$40.03$45.0040.2%11.5%33.3%37.7%40.0%6.6%-7.2%-340.0K7.2M-13.8K0.2093.82N/AN/A8401651,3873,047
2022-05-03$40.03$45.0039.2%11.2%32.3%36.4%39.2%4.9%-6.6%-362.8K7.4M-13.1K0.2094.94N/AN/A8751771,4033,111
2022-05-04$41.10$45.0038.7%11.1%34.0%35.8%36.6%15.6%-5.8%-387.5K6.1M-14.8K0.1794.25N/AN/A9601671,4583,131
2022-05-05$38.68$40.0033.7%10.2%39.6%29.7%37.9%6.9%-6.2%-342.5K8.6M-11.6K0.9581.48N/AN/A1,3481,2811,5583,141
2022-05-06$38.16$40.0026.6%8.8%39.4%20.9%30.8%3.2%-1.0%-360.7K9.7M-15.7K0.5371.04N/AN/A1,3487082,0574,243
2022-05-09$36.92$40.0045.1%10.7%40.5%42.7%32.3%13.1%-4.1%-247.5K9.0M-12.4K0.4986.13N/AN/A1,3036452,0593,756
2022-05-10$37.03$40.0041.9%10.7%40.5%38.7%35.5%6.0%-2.8%-287.7K8.8M-12.7K0.5072.51N/AN/A1,3036492,0483,756
2022-05-11$35.94$40.0037.3%10.7%41.1%33.0%36.1%9.0%-4.0%-180.4K10.0M-9.3K0.5080.54N/AN/A1,3036492,0483,761
2022-05-12$35.39$40.0038.8%11.1%40.0%34.8%39.4%18.2%4.6%-120.9K9.9M-10.6K0.4691.94N/AN/A1,3396192,0493,761
2022-05-13$36.95$40.0035.5%10.2%43.4%30.7%35.5%4.5%-0.9%-193.1K9.4M-11.0K0.4981.55N/AN/A1,3346502,0853,762
2022-05-16$37.02$40.0036.5%10.5%43.4%31.9%36.5%4.0%-3.0%-214.2K9.4M-10.6K0.4788.54N/AN/A1,3196192,0863,794
2022-05-17$37.89$40.0028.8%8.2%43.4%22.2%30.9%4.4%0.2%-325.6K6.4M-10.9K0.4792.43N/AN/A1,3216262,0873,173
2022-05-18$37.64$40.0028.5%8.2%42.9%21.8%30.4%7.7%3.6%-292.7K6.8M-10.2K1.2595.41N/AN/A1,3211,6462,0843,181
2022-05-19$38.40$40.0031.7%9.1%43.8%25.9%32.5%2.3%-4.3%-335.5K4.8M-10.4K0.4793.92N/AN/A1,3246212,0842,813
2022-05-20$39.28$40.0031.6%9.1%44.2%25.7%32.9%5.3%-1.6%-2.9K4.9M-10.6K0.4783.64N/AN/A1,3366242,0872,693
2022-05-23$39.05$40.0033.8%9.7%43.7%28.5%34.1%0.5%-5.8%-5.0K-180.7K-12.0K0.4688.18N/AN/A1,3326101,6421,419
2022-05-24$38.30$40.0035.3%10.1%39.5%30.4%36.5%4.0%-1.7%-19.3K405.5K-9.7K0.4791.02N/AN/A1,3066111,6941,415
2022-05-25$38.49$40.0031.2%8.9%39.6%25.3%34.5%3.4%-2.9%-18.8K261.1K-9.0K0.4685.36N/AN/A1,3226111,7021,417
2022-05-26$39.01$40.0027.9%8.0%37.9%21.1%31.6%8.7%-1.1%-14.0K-112.0K-8.2K0.4876.05N/AN/A1,3266301,7231,417
2022-05-27$39.67$40.0026.7%7.7%38.3%19.6%28.2%1.1%-1.0%30.8K-353.6K-8.5K0.4787.57N/AN/A1,3246271,7331,436
2022-05-31$41.03$40.0030.1%8.6%40.2%23.8%30.4%35.7%-2.9%98.1K-1.0M-9.4K0.7789.75N/AN/A8126251,7501,436