OTEX Options History — July 2022

In July 2022, OTEX traded between $37.59 and $40.99. ATM implied volatility averaged 31.7%, placing in the 24.5% IV rank vs the trailing year. The 30-day expected move averaged 8.9%. IV traded above realized volatility by 5.1% (HV 20d: 26.5%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 1.87.

Notable Days

  • 2022-07-05: Highest Volume — 270 contracts
  • 2022-07-11: Largest IV spike — 75.2% change
  • 2022-07-11: Highest IV Rank — 41.4%
  • 2022-07-01: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.34$37.59$40.99$38.26$40.99
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV31.7%25.7%45.1%38.6%31.7%
Expected Move8.9%8.2%11.1%11.1%9.1%
HV 20d26.5%21.8%29.8%28.9%26.5%
HV 60d33.2%31.5%34.2%34.0%32.4%
IV Rank24.5%16.5%41.4%34.5%24.1%
IV Percentile70.2%48.8%97.2%92.5%71.8%
Term Structure-1.5%-10.0%5.6%5.6%-4.3%
VWIV34.4%22.3%56.5%56.5%35.6%
Skew 25d7.6%-3.4%52.0%52.0%7.0%
Skew 10d10.0%-4.7%43.8%43.8%13.6%
Call IV 25d30.5%24.9%39.2%24.9%28.9%
Put IV 25d38.2%32.5%76.9%76.9%36.0%
Bid-Ask Spread %84.5956.16115.64115.6499.71
Gamma HHI0.410.280.530.320.50
Net GEX42.5K14.7K83.8K26.1K83.8K
Net DEX-53.1K-596.8K525.1K89.7K-596.8K
Net VEX-3.4K-4.9K-2.5K-4.7K-3.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.870.542.972.970.54
Total Volume206.3132270258197
Total OI2,426.352,3132,5382,4802,412

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-07-01$38.26$40.0038.6%11.1%28.9%34.5%56.5%52.0%5.6%26.1K89.7K-4.7K2.97115.64N/AN/A651931,658822
2022-07-05$38.47$40.0028.5%8.2%28.8%21.8%35.5%9.1%2.2%26.9K148.8K-4.6K2.5196.86N/AN/A771931,660822
2022-07-06$38.96$40.0031.8%8.9%29.1%26.0%36.6%20.2%-4.4%40.4K-38.0K-4.9K2.61100.94N/AN/A741931,685822
2022-07-07$39.59$40.0029.1%8.5%29.8%22.6%33.8%7.1%-4.6%47.5K-178.4K-4.8K2.5174.21N/AN/A771931,685822
2022-07-08$39.45$40.0025.7%8.4%29.6%16.5%29.2%6.6%-0.5%41.7K-55.7K-4.3K2.6476.11N/AN/A731931,688822
2022-07-11$38.86$40.0045.1%9.1%29.2%41.4%31.4%2.4%-2.1%29.0K85.5K-4.2K2.6476.03N/AN/A731931,689822
2022-07-12$38.46$40.0035.4%8.6%28.3%28.9%36.0%8.9%-10.0%25.3K336.8K-3.1K2.3790.01N/AN/A731731,689824
2022-07-13$37.83$40.0029.5%8.5%26.6%21.3%32.8%3.5%-1.2%15.3K433.9K-2.7K2.6256.16N/AN/A661731,689831
2022-07-14$37.59$40.0031.3%9.0%26.7%23.6%31.9%2.5%1.9%14.7K525.1K-2.7K2.3981.65N/AN/A761821,698831
2022-07-15$37.99$40.0028.9%8.3%26.1%20.6%35.4%2.5%-2.3%15.5K517.6K-2.5K2.3080.08N/AN/A791821,698840
2022-07-18$38.78$40.0028.8%8.3%23.0%20.4%35.1%3.1%0.2%26.7K1.8K-2.5K1.4666.68N/AN/A54791,593720
2022-07-19$39.71$40.0028.8%8.2%24.1%20.4%36.3%2.6%-0.7%44.8K-160.1K-2.8K1.3683.83N/AN/A58791,605721
2022-07-20$40.37$40.0030.9%8.9%24.2%23.1%35.5%2.4%-2.9%60.1K-322.3K-3.3K1.4988.74N/AN/A53791,607721
2022-07-21$40.88$40.0031.1%8.9%24.2%23.4%25.2%5.6%0.4%73.2K-446.1K-3.6K1.3685.92N/AN/A58791,608721
2022-07-22$40.52$40.0033.4%9.6%23.9%26.3%32.2%8.9%4.5%64.9K-381.4K-3.3K1.4694.36N/AN/A54791,613721
2022-07-25$40.40$40.0032.1%9.2%21.8%24.7%22.3%3.5%-3.5%60.8K-329.9K-3.1K1.2762.01N/AN/A62791,613721
2022-07-26$38.95$40.0034.2%9.8%25.6%27.3%34.9%-3.4%-4.6%34.8K-95.7K-2.6K1.2995.01N/AN/A62801,621721
2022-07-27$40.34$40.0030.0%8.6%27.2%22.0%37.7%4.7%-2.9%55.2K-252.3K-2.6K0.9496.73N/AN/A85801,621722
2022-07-28$40.49$40.0028.7%8.2%26.8%20.3%35.2%3.5%-0.8%62.3K-344.4K-2.8K0.6371.05N/AN/A128801,647722
2022-07-29$40.99$40.0031.7%9.1%26.5%24.1%35.6%7.0%-4.3%83.8K-596.8K-3.4K0.5499.71N/AN/A128691,689723