OTEX Options History — July 2023

In July 2023, OTEX traded between $39.66 and $43.05. ATM implied volatility averaged 27.5%, placing in the 20.7% IV rank vs the trailing year. The 30-day expected move averaged 8.2%. IV traded above realized volatility by 6.4% (HV 20d: 21.1%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 4 of 20 days. Put/call ratio averaged 1.08.

Notable Days

  • 2023-07-07: Highest Volume — 128 contracts
  • 2023-07-19: Largest IV spike — 48.8% change
  • 2023-07-19: Highest IV Rank — 43.1%
  • 2023-07-19: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.48$39.66$43.05$41.68$42.74
Max Pain$35.50$35.00$40.00$40.00$35.00
ATM IV27.5%20.1%41.3%22.4%26.7%
Expected Move8.2%6.3%11.8%6.4%7.6%
HV 20d21.1%18.4%25.3%18.6%24.2%
HV 60d32.4%31.5%33.3%31.5%33.3%
IV Rank20.7%8.6%43.1%12.4%19.3%
IV Percentile43.1%4.0%92.5%12.7%43.3%
Term Structure-3.6%-24.7%11.9%5.4%-4.0%
VWIV27.2%23.0%31.5%25.6%29.0%
Skew 25d4.9%-0.1%10.3%4.9%4.6%
Skew 10d9.7%-3.6%57.0%29.6%5.0%
Call IV 25d24.6%16.8%27.6%17.0%26.9%
Put IV 25d29.5%21.9%34.5%21.9%31.5%
Bid-Ask Spread %91.7065.28104.9496.6688.04
Gamma HHI0.430.380.500.380.44
Net GEX75.6K47.7K101.9K56.8K83.9K
Net DEX-3.3M-4.0M-2.1M-3.2M-3.9M
Net VEX-18.9K-21.6K-15.8K-19.1K-20.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.0010.640.000.00
Total Volume47.051128816
Total OI3,725.93,5013,9103,5013,910

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$41.68$40.0022.4%6.4%18.6%12.4%0.0%4.9%5.4%56.8K-3.2M-19.1K0.0096.66N/AN/A801,4792,022
2023-07-05$40.80$40.0022.4%6.4%19.3%12.4%0.0%6.4%9.6%55.6K-2.7M-19.6K0.1665.28N/AN/A4981,4832,023
2023-07-06$39.83$35.0022.7%7.6%20.4%12.9%25.6%5.1%-1.3%51.4K-2.3M-20.5K0.4285.50N/AN/A36151,5172,025
2023-07-07$39.66$35.0020.1%7.1%18.4%8.6%30.5%3.5%0.3%59.1K-2.1M-20.4K10.6487.32N/AN/A111171,5422,035
2023-07-10$39.86$35.0022.0%7.5%18.6%11.8%0.0%5.5%-2.0%53.1K-2.1M-21.6K0.3386.63N/AN/A621,5372,152
2023-07-11$40.31$35.0021.9%8.0%18.4%11.7%26.1%4.7%-2.7%47.7K-2.6M-19.3K1.7689.81N/AN/A17301,5412,152
2023-07-12$41.02$35.0031.3%9.0%19.0%26.9%0.0%9.5%-11.1%70.2K-3.0M-19.2K0.9294.13N/AN/A25231,5412,182
2023-07-13$42.05$35.0027.3%7.8%21.2%20.3%24.6%3.1%-2.3%80.0K-3.5M-18.7K0.3689.96N/AN/A72261,5652,202
2023-07-14$41.59$35.0027.6%7.9%21.2%20.8%0.0%2.3%-5.6%77.9K-3.3M-19.8K0.0889.09N/AN/A5041,5602,211
2023-07-17$41.92$35.0028.3%8.1%21.4%22.0%28.9%2.3%-7.9%93.2K-3.8M-16.5K0.0494.29N/AN/A2611,6052,208
2023-07-18$41.68$35.0027.7%7.9%20.7%21.1%25.4%2.7%-4.5%89.7K-3.5M-18.8K0.0090.26N/AN/A101,6042,208
2023-07-19$42.13$35.0041.3%11.8%21.0%43.1%24.1%10.3%-24.7%70.9K-3.7M-18.4K0.0098.00N/AN/A3801,6042,204
2023-07-20$41.45$35.0033.8%9.7%21.4%31.0%26.6%3.7%-1.1%83.5K-3.5M-18.3K1.5097.87N/AN/A32481,6232,204
2023-07-21$41.80$35.0032.0%9.2%21.4%28.1%29.2%7.5%-8.1%81.3K-3.4M-20.1K0.18104.94N/AN/A1731,6342,247
2023-07-24$42.23$35.0022.1%6.3%21.3%11.9%23.0%-0.1%11.9%72.3K-3.7M-15.8K1.2299.16N/AN/A9111,5302,151
2023-07-25$43.05$35.0024.8%7.1%22.1%16.3%26.7%8.2%-2.0%85.1K-4.0M-16.8K0.0397.19N/AN/A3511,5392,156
2023-07-26$42.02$35.0033.5%9.6%24.0%30.5%0.0%5.0%-10.0%97.5K-3.6M-17.1K0.0093.97N/AN/A9201,5552,157
2023-07-27$41.52$35.0031.7%9.1%24.5%27.5%31.5%4.6%-7.1%101.2K-3.6M-19.4K0.0096.46N/AN/A701,6462,157
2023-07-28$42.34$35.0030.7%8.8%25.3%25.8%29.5%4.0%-4.9%101.9K-4.0M-18.3K4.0089.49N/AN/A21841,6502,157
2023-07-31$42.74$35.0026.7%7.6%24.2%19.3%29.0%4.6%-4.0%83.9K-3.9M-20.1K0.0088.04N/AN/A1601,6702,240