OTEX Options History — January 2023

In January 2023, OTEX traded between $30.05 and $34.05. ATM implied volatility averaged 28.4%, placing in the 11.7% IV rank vs the trailing year. The 30-day expected move averaged 8.3%. IV traded above realized volatility by 1.1% (HV 20d: 27.3%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 11 of 20 days. Put/call ratio averaged 12.63.

Notable Days

  • 2023-01-10: Highest Volume — 305 contracts
  • 2023-01-13: Largest IV drop — 41.0% change
  • 2023-01-12: Highest IV Rank — 25.6%
  • 2023-01-12: Largest Expected Move — 11.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.29$30.05$34.05$30.05$33.45
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV28.4%22.2%38.4%29.2%23.9%
Expected Move8.3%6.4%11.0%8.4%6.8%
HV 20d27.3%25.0%28.7%28.7%27.0%
HV 60d30.8%29.9%31.7%31.4%29.9%
IV Rank11.7%2.4%25.6%19.1%4.8%
IV Percentile30.3%1.6%82.1%35.7%5.2%
Term Structure-0.9%-16.0%4.9%3.0%3.5%
VWIV30.0%23.7%45.3%29.2%27.1%
Skew 25d3.7%-4.5%9.8%1.9%-2.3%
Skew 10d7.0%-8.4%31.2%2.9%-8.4%
Call IV 25d28.2%24.8%32.8%27.2%26.9%
Put IV 25d31.9%23.2%36.7%29.1%24.6%
Bid-Ask Spread %68.5528.3197.5545.1875.06
Gamma HHI0.560.370.860.420.86
Net GEX87.4K44.8K134.6K54.4K134.6K
Net DEX-2.4M-3.2M-1.2M-1.3M-2.9M
Net VEX-10.8K-12.8K-7.8K-12.0K-7.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio12.630.00151.500.210.00
Total Volume66.65430517108
Total OI3,124.92,7873,4923,1732,876

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-01-03$30.05$30.0029.2%8.4%28.7%19.1%29.2%1.9%3.0%54.4K-1.3M-12.0K0.2145.18N/AN/A1431,9881,185
2023-01-04$30.98$30.0029.4%8.4%26.6%14.0%0.0%4.6%3.3%70.2K-1.9M-12.7K0.0088.99N/AN/A21311,9761,188
2023-01-05$30.16$30.0030.0%9.2%28.6%13.6%34.0%3.5%0.1%44.8K-1.2M-11.7K3.4065.31N/AN/A10341,7791,189
2023-01-06$30.54$30.0029.5%9.4%28.2%12.9%30.0%5.1%1.1%49.0K-1.5M-11.7K0.5073.69N/AN/A68341,7791,219
2023-01-09$30.81$30.0030.1%9.3%28.2%13.7%32.4%0.4%2.6%59.6K-1.8M-11.5K78.0089.24N/AN/A1781,8471,253
2023-01-10$30.91$30.0031.7%9.5%28.2%16.0%0.0%6.3%-1.2%59.1K-1.8M-11.6K151.5049.60N/AN/A23031,8471,324
2023-01-11$31.61$30.0032.7%9.4%28.1%17.4%30.3%3.1%-0.1%67.0K-2.2M-12.3K1.6037.36N/AN/A35561,8471,604
2023-01-12$32.30$30.0038.4%11.0%27.3%25.6%28.4%9.8%-11.1%79.9K-2.8M-12.8K0.0028.31N/AN/A8101,8571,635
2023-01-13$32.66$30.0022.7%6.5%26.8%3.1%28.2%6.7%-5.5%89.0K-2.9M-12.0K0.3370.30N/AN/A1551,7941,635
2023-01-17$32.94$30.0022.2%6.4%25.0%2.4%23.7%4.2%-1.4%99.3K-3.1M-10.8K0.8969.78N/AN/A28251,7891,640
2023-01-18$32.34$30.0030.6%8.8%26.5%14.5%29.6%2.6%0.5%88.3K-2.8M-10.8K0.3397.20N/AN/A311,8001,665
2023-01-19$32.66$30.0028.4%8.1%26.0%11.2%34.0%5.2%0.8%90.6K-3.0M-10.8K12.5091.68N/AN/A2251,7941,666
2023-01-20$33.03$30.0033.8%9.7%26.0%18.9%45.3%-3.1%-5.7%86.4K-3.0M-10.6K1.0097.55N/AN/A441,7921,686
2023-01-23$33.86$30.0027.6%7.9%26.6%10.2%29.7%8.3%-16.0%112.4K-2.9M-9.8K0.4640.32N/AN/A1361,5401,257
2023-01-24$33.23$30.0027.7%7.9%26.7%10.2%27.8%5.0%4.9%101.8K-2.6M-9.6K0.1362.99N/AN/A811,5321,257
2023-01-25$33.02$30.0027.6%7.9%27.2%10.1%27.8%6.4%-1.4%96.4K-2.5M-9.8K0.0062.66N/AN/A1001,5291,258
2023-01-26$33.95$30.0025.4%7.3%28.0%7.0%25.2%-4.5%-0.1%119.7K-3.0M-9.4K0.0061.33N/AN/A1801,5351,258
2023-01-27$34.05$30.0022.4%6.4%27.9%2.6%27.3%2.6%0.9%122.9K-3.2M-9.1K1.2283.90N/AN/A49601,5541,258
2023-01-30$33.28$30.0024.8%7.1%28.1%6.1%27.1%7.3%2.9%123.2K-2.8M-8.4K0.5080.53N/AN/A1051,5711,295
2023-01-31$33.45$30.0023.9%6.8%27.0%4.8%0.0%-2.3%3.5%134.6K-2.9M-7.8K0.0075.06N/AN/A10801,5811,295