OTEX Options History — March 2023

In March 2023, OTEX traded between $34.28 and $38.41. ATM implied volatility averaged 28.0%, placing in the 12.8% IV rank vs the trailing year. The 30-day expected move averaged 7.8%. IV traded above realized volatility by 1.2% (HV 20d: 26.8%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 14 of 23 days. Put/call ratio averaged 0.78.

Notable Days

  • 2023-03-23: Highest Volume — 239 contracts
  • 2023-03-03: Largest IV spike — 106.0% change
  • 2023-03-14: Highest IV Rank — 46.3%
  • 2023-03-03: Largest Expected Move — 11.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.31$34.28$38.41$34.28$38.41
Max Pain$33.26$30.00$35.00$35.00$35.00
ATM IV28.0%18.7%52.0%23.9%21.8%
Expected Move7.8%5.4%11.1%6.9%6.3%
HV 20d26.8%19.9%30.7%25.7%28.9%
HV 60d27.1%26.0%28.4%26.8%26.8%
IV Rank12.8%0.0%46.3%4.9%4.3%
IV Percentile29.7%0.0%97.2%6.3%1.6%
Term Structure0.4%-10.0%9.3%0.1%6.2%
VWIV28.0%14.7%36.7%18.9%14.7%
Skew 25d13.6%-10.0%108.2%108.2%0.7%
Skew 10d26.4%-19.5%149.0%145.9%-19.5%
Call IV 25d26.8%19.3%33.4%23.6%23.7%
Put IV 25d40.5%16.7%131.8%131.8%24.4%
Bid-Ask Spread %93.7862.27112.3378.7899.43
Gamma HHI0.580.340.810.730.38
Net GEX79.5K31.5K140.1K89.3K44.1K
Net DEX-2.1M-3.1M-1.3M-1.3M-2.3M
Net VEX-7.4K-8.4K-6.5K-8.4K-6.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.780.007.850.500.05
Total Volume42.870239344
Total OI1,882.3041,6582,0501,8741,776

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-03-01$34.28$35.0023.9%6.9%25.7%4.9%0.0%108.2%0.1%89.3K-1.3M-8.4K0.5078.78N/AN/A211,046828
2023-03-02$34.28$35.0018.7%5.4%25.1%0.0%18.9%4.1%4.6%119.3K-1.6M-8.0K0.0097.80N/AN/A13701,043829
2023-03-03$35.34$35.0038.6%11.1%27.1%27.7%36.7%93.6%-6.5%101.0K-1.9M-7.0K0.0099.33N/AN/A4001,076829
2023-03-06$35.22$30.0021.8%6.3%21.0%4.3%22.1%0.9%2.0%134.2K-2.0M-8.1K0.0096.59N/AN/A2501,093829
2023-03-07$34.78$30.0021.1%7.5%21.4%3.3%26.2%12.2%-2.3%115.2K-1.7M-8.1K0.00112.33N/AN/A6001,088829
2023-03-08$35.06$30.0026.2%6.8%21.5%10.4%23.7%11.9%1.4%132.1K-2.0M-7.8K0.00101.08N/AN/A4201,148829
2023-03-09$35.22$30.0028.3%8.5%19.9%13.3%29.7%8.1%-3.0%127.1K-2.2M-7.4K0.2288.68N/AN/A921,173829
2023-03-10$34.33$35.0032.6%8.6%21.1%19.2%28.5%5.4%-2.6%112.4K-1.6M-8.2K0.00101.95N/AN/A401,164830
2023-03-13$35.75$35.0032.8%10.6%25.5%19.6%0.0%36.1%-9.5%115.0K-2.4M-7.5K0.13109.70N/AN/A3141,162830
2023-03-14$36.25$35.0052.0%8.6%26.0%46.3%29.2%4.7%-1.9%97.4K-2.8M-6.8K0.5097.94N/AN/A211,186834
2023-03-15$35.45$30.0029.3%8.4%27.1%14.7%0.0%1.7%5.1%140.1K-2.3M-7.8K0.00103.26N/AN/A001,186833
2023-03-16$36.53$30.0028.6%8.2%28.8%13.8%30.8%-0.9%1.6%93.1K-2.8M-7.1K0.0094.91N/AN/A5101,186833
2023-03-17$36.64$30.0034.1%9.8%27.2%21.4%33.3%19.6%-4.5%48.8K-3.1M-7.1K0.00105.01N/AN/A101,217833
2023-03-20$37.84$30.0023.5%6.7%29.1%6.6%32.6%2.8%4.1%46.9K-2.2M-7.1K6.8794.82N/AN/A23158892766
2023-03-21$38.22$35.0023.3%6.7%28.9%6.4%29.3%8.5%2.6%33.8K-2.2M-7.6K0.0071.13N/AN/A280885909
2023-03-22$37.18$35.0028.8%8.3%30.7%14.0%28.9%-1.1%4.0%31.5K-2.0M-7.8K0.3393.07N/AN/A31892909
2023-03-23$37.22$35.0023.8%6.8%30.7%7.0%28.4%2.4%9.3%34.1K-2.0M-7.3K7.8598.73N/AN/A27212894909
2023-03-24$36.80$35.0022.5%6.4%30.1%5.2%29.9%-10.0%2.8%40.6K-2.0M-7.4K0.0084.66N/AN/A210912857
2023-03-27$37.23$35.0034.1%9.8%30.2%21.4%32.6%2.4%-10.0%41.8K-2.1M-6.9K0.0090.11N/AN/A20930857
2023-03-28$37.59$35.0027.0%7.7%30.3%11.5%0.0%2.3%2.7%41.8K-2.1M-7.4K0.0089.22N/AN/A320931857
2023-03-29$37.58$35.0024.4%7.0%30.3%7.8%0.0%-1.9%4.1%44.0K-2.1M-6.6K0.0062.27N/AN/A130919857
2023-03-30$37.91$35.0026.7%7.6%30.3%11.0%0.0%1.2%-1.9%43.8K-2.2M-6.5K0.6786.21N/AN/A64921857
2023-03-31$38.41$35.0021.8%6.3%28.9%4.3%14.7%0.7%6.2%44.1K-2.3M-6.5K0.0599.43N/AN/A422923853