OTEX Options History — February 2023

In February 2023, OTEX traded between $33.02 and $36.22. ATM implied volatility averaged 26.4%, placing in the 8.4% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 1.6% (HV 20d: 28.0%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 2.02.

Notable Days

  • 2023-02-03: Highest Volume — 546 contracts
  • 2023-02-02: Largest IV spike — 50.6% change
  • 2023-02-02: Highest IV Rank — 23.9%
  • 2023-02-02: Largest Expected Move — 8.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.82$33.02$36.22$33.02$34.23
Max Pain$34.74$30.00$35.00$30.00$35.00
ATM IV26.4%23.1%37.3%24.8%23.1%
Expected Move7.3%6.6%8.6%7.1%6.6%
HV 20d28.0%25.7%29.6%27.4%25.7%
HV 60d27.9%26.8%29.6%29.6%26.8%
IV Rank8.4%3.7%23.9%6.0%3.7%
IV Percentile19.0%4.0%77.8%9.1%4.0%
Term Structure-0.3%-4.2%3.7%-0.0%0.2%
VWIV25.8%23.2%28.8%27.1%23.2%
Skew 25d16.8%-2.9%70.3%9.0%70.3%
Skew 10d23.1%-5.5%103.9%5.1%94.2%
Call IV 25d26.7%17.8%34.6%27.7%22.9%
Put IV 25d43.5%23.2%93.2%36.7%93.2%
Bid-Ask Spread %52.5519.1092.3367.8292.33
Gamma HHI0.810.610.970.710.74
Net GEX202.3K72.9K973.6K115.6K85.7K
Net DEX-3.4M-5.6M-1.2M-2.6M-1.2M
Net VEX-9.1K-10.5K-7.7K-9.5K-9.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.020.0020.000.000.00
Total Volume92.2114546324
Total OI2,830.5791,8153,4622,9461,871

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$33.02$30.0024.8%7.1%27.4%6.0%27.1%9.0%-0.0%115.6K-2.6M-9.5K0.0067.82N/AN/A3201,6511,295
2023-02-02$33.03$35.0037.3%8.6%25.7%23.9%27.9%2.2%0.7%106.0K-2.5M-9.1K0.4440.41N/AN/A142631,6601,295
2023-02-03$34.70$35.0027.4%7.0%28.0%9.8%24.6%1.1%-1.0%186.1K-3.7M-8.6K0.0162.52N/AN/A53971,8091,284
2023-02-06$34.89$35.0028.9%7.2%28.0%11.9%25.0%1.5%-0.1%232.4K-4.1M-8.9K0.4931.08N/AN/A80392,0141,291
2023-02-07$34.70$35.0026.7%7.2%28.3%8.8%25.2%0.9%-0.7%248.8K-3.9M-9.8K0.0531.66N/AN/A6232,0691,317
2023-02-08$35.50$35.0026.3%7.5%28.9%8.3%26.7%3.0%-0.6%223.2K-4.6M-9.7K0.0145.57N/AN/A30222,0451,320
2023-02-09$35.98$35.0026.7%7.7%28.4%8.8%26.7%-2.2%-0.7%187.3K-5.5M-7.7K0.0419.10N/AN/A11752,1421,320
2023-02-10$35.48$35.0025.9%7.4%28.7%7.7%26.0%-2.9%0.5%231.9K-4.8M-10.1K5.1450.89N/AN/A7362,0891,320
2023-02-13$35.45$35.0026.6%7.6%28.7%8.6%26.6%22.0%-1.6%233.2K-4.9M-9.8K0.1230.62N/AN/A4352,0901,300
2023-02-14$35.75$35.0026.3%7.5%28.7%8.2%0.0%6.7%-0.6%88.3K-5.5M-8.6K0.0035.36N/AN/A2702,0671,300
2023-02-15$36.22$35.0025.7%7.4%27.5%7.4%0.0%0.3%3.7%100.6K-5.6M-8.5K0.7561.83N/AN/A432,0401,300
2023-02-16$35.33$35.0024.6%7.0%29.5%5.8%24.7%50.2%1.6%423.0K-4.6M-10.5K0.1569.28N/AN/A2032,0381,300
2023-02-17$35.14$35.0023.8%6.8%29.6%4.6%23.7%63.9%0.6%973.6K-4.6M-9.1K0.2068.90N/AN/A79162,0091,300
2023-02-21$34.86$35.0028.6%8.2%28.7%11.6%28.8%13.5%-4.2%88.9K-1.6M-9.2K20.0065.58N/AN/A2401,042773
2023-02-22$34.52$35.0026.7%7.7%28.0%8.8%26.6%14.0%-1.7%79.0K-1.4M-8.8K10.0052.92N/AN/A4401,042813
2023-02-23$34.69$35.0023.8%6.8%27.8%4.7%23.8%16.3%-0.1%86.3K-1.5M-9.1K0.0044.56N/AN/A1401,044813
2023-02-24$34.05$35.0025.9%7.4%27.1%7.7%25.9%21.2%-1.6%72.9K-1.2M-8.6K1.0061.12N/AN/A331,038813
2023-02-27$34.09$35.0023.4%6.7%27.1%4.1%0.0%28.6%0.2%80.5K-1.2M-8.6K0.0066.89N/AN/A601,039828
2023-02-28$34.23$35.0023.1%6.6%25.7%3.7%23.2%70.3%0.2%85.7K-1.2M-9.1K0.0092.33N/AN/A401,043828