OTEX Options History — May 2023

In May 2023, OTEX traded between $36.59 and $41.96. ATM implied volatility averaged 24.2%, placing in the 15.3% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 18.4% (HV 20d: 42.5%). Max pain ranged from $30.00 to $40.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 5.45.

Notable Days

  • 2023-05-04: Highest Volume — 272 contracts
  • 2023-05-04: Largest IV spike — 51.6% change
  • 2023-05-04: Highest IV Rank — 41.9%
  • 2023-05-04: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.45$36.59$41.96$37.78$41.46
Max Pain$37.27$30.00$40.00$30.00$40.00
ATM IV24.2%19.3%40.5%25.3%25.7%
Expected Move6.8%5.2%10.9%7.3%7.4%
HV 20d42.5%14.8%49.7%14.8%49.6%
HV 60d31.8%22.2%34.4%24.3%33.9%
IV Rank15.3%7.4%41.9%17.2%17.7%
IV Percentile15.8%1.2%91.3%17.1%26.2%
Term Structure0.9%-6.0%8.5%-3.0%-4.4%
VWIV28.5%20.4%40.3%28.1%25.6%
Skew 25d8.5%-7.0%56.8%8.1%-2.3%
Skew 10d29.5%-5.2%99.0%7.1%62.5%
Call IV 25d24.7%16.7%28.7%28.3%28.1%
Put IV 25d33.2%15.3%83.2%36.4%25.7%
Bid-Ask Spread %96.6776.20114.57103.6991.18
Gamma HHI0.500.370.650.370.38
Net GEX51.1K37.0K73.8K42.7K37.0K
Net DEX-2.7M-3.5M-1.7M-1.9M-2.1M
Net VEX-7.0K-8.4K-4.7K-4.8K-7.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio5.450.00109.000.170.13
Total Volume48.9551272763
Total OI1,729.0451,3681,9851,6141,589

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-05-01$37.78$30.0025.3%7.3%14.8%17.2%28.1%8.1%-3.0%42.7K-1.9M-4.8K0.17103.69N/AN/A61778836
2023-05-02$37.66$30.0022.1%6.3%14.8%11.9%38.1%8.3%-1.6%42.7K-2.0M-4.7K3.00100.23N/AN/A13784826
2023-05-03$37.69$30.0026.7%7.7%14.8%19.4%32.9%3.4%-3.1%42.4K-2.0M-4.8K3.33109.97N/AN/A620785829
2023-05-04$36.59$35.0040.5%10.9%17.9%41.9%29.9%9.4%-6.0%43.4K-1.7M-5.2K0.0899.50N/AN/A25220789840
2023-05-05$41.36$35.0022.1%5.2%47.7%12.0%27.9%-7.0%2.8%46.6K-3.3M-6.3K0.49103.41N/AN/A104511,022848
2023-05-08$41.36$35.0027.8%7.3%47.8%21.1%0.0%0.8%0.5%52.8K-3.3M-7.1K0.3581.97N/AN/A84291,038880
2023-05-09$41.58$35.0024.7%7.0%47.7%16.1%0.0%1.3%3.2%53.6K-3.4M-7.7K0.9183.42N/AN/A11101,088865
2023-05-10$41.46$35.0023.3%6.7%47.7%13.9%0.0%2.8%1.2%55.4K-3.4M-7.4K0.0076.20N/AN/A101,090863
2023-05-11$40.17$35.0022.9%6.6%48.7%13.3%32.7%7.4%0.8%73.8K-3.2M-7.0K0.1494.59N/AN/A2131,089863
2023-05-12$40.22$40.0019.7%5.6%48.5%7.9%0.0%2.2%6.2%67.3K-3.1M-7.5K0.0084.34N/AN/A601,085866
2023-05-15$40.70$40.0023.3%6.7%48.5%13.9%40.3%26.6%2.6%66.3K-3.2M-7.3K0.1199.58N/AN/A2831,085866
2023-05-16$40.77$40.0022.8%6.5%48.5%13.1%0.0%-2.2%4.3%62.1K-3.3M-7.7K0.0098.58N/AN/A201,098866
2023-05-17$40.83$40.0023.4%6.7%48.1%14.0%0.0%2.9%2.8%66.5K-3.3M-7.4K0.75106.41N/AN/A1291,098866
2023-05-18$41.47$40.0022.9%6.6%48.3%13.3%22.3%4.3%2.4%54.9K-3.5M-6.3K0.21105.25N/AN/A53111,104874
2023-05-19$41.63$40.0022.7%6.5%47.8%12.9%22.8%4.9%0.3%40.2K-3.5M-7.7K0.16104.82N/AN/A5691,111874
2023-05-22$41.96$40.0023.0%6.6%47.8%13.3%0.0%-5.7%-1.3%42.6K-2.1M-7.2K0.00105.19N/AN/A10754614
2023-05-23$40.76$40.0023.4%6.7%49.0%14.0%0.0%43.6%1.5%40.8K-1.8M-8.4K0.0091.79N/AN/A40763614
2023-05-24$40.25$40.0023.6%6.8%49.3%14.4%0.0%56.8%-0.7%44.8K-1.8M-7.5K0.0998.33N/AN/A111768614
2023-05-25$40.95$40.0024.4%7.0%49.4%15.6%21.0%16.7%0.7%50.6K-2.1M-8.3K0.0079.14N/AN/A130839615
2023-05-26$41.69$40.0022.4%6.4%49.6%12.4%20.4%5.7%2.3%52.6K-2.3M-7.9K0.9494.52N/AN/A3230847615
2023-05-30$41.52$40.0019.3%5.5%49.7%7.4%0.0%-1.1%8.5%44.5K-2.2M-7.9K109.00114.57N/AN/A1109859642
2023-05-31$41.46$40.0025.7%7.4%49.6%17.7%25.6%-2.3%-4.4%37.0K-2.1M-7.8K0.1391.18N/AN/A567860729