OTEX Options History — August 2023

In August 2023, OTEX traded between $36.34 and $42.47. ATM implied volatility averaged 25.1%, placing in the 16.8% IV rank vs the trailing year. The 30-day expected move averaged 6.8%. IV traded below realized volatility by 13.6% (HV 20d: 38.7%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 18 of 23 days. Put/call ratio averaged 1.04.

Notable Days

  • 2023-08-01: Highest Volume — 478 contracts
  • 2023-08-15: Largest IV spike — 46.0% change
  • 2023-08-03: Highest IV Rank — 45.3%
  • 2023-08-02: Largest Expected Move — 11.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.42$36.34$42.47$42.47$40.16
Max Pain$38.70$35.00$40.00$35.00$40.00
ATM IV25.1%18.4%42.6%34.2%19.1%
Expected Move6.8%5.3%11.3%9.8%5.5%
HV 20d38.7%24.4%41.7%24.4%39.0%
HV 60d28.6%22.5%32.7%32.7%29.1%
IV Rank16.8%5.9%45.3%31.6%7.0%
IV Percentile30.8%1.6%93.7%79.0%3.6%
Term Structure2.6%-9.8%12.8%-6.6%2.5%
VWIV22.6%13.2%39.3%29.5%18.4%
Skew 25d12.8%-4.0%60.3%4.3%23.8%
Skew 10d21.6%-3.1%82.0%6.3%42.1%
Call IV 25d24.0%14.2%56.2%29.5%17.5%
Put IV 25d36.7%18.1%82.1%33.8%41.4%
Bid-Ask Spread %64.717.37108.1287.9190.57
Gamma HHI0.460.330.610.470.61
Net GEX87.5K32.9K172.0K96.5K172.0K
Net DEX-1.3M-4.0M88.8K-4.0M-3.2M
Net VEX-22.9K-24.6K-17.9K-17.9K-21.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.040.009.330.030.00
Total Volume105.52204784785
Total OI4,627.5653,9195,1753,9194,297

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$42.47$35.0034.2%9.8%24.4%31.6%29.5%4.3%-6.6%96.5K-4.0M-17.9K0.0387.91N/AN/A462161,6792,240
2023-08-02$40.86$35.0039.3%11.3%27.1%40.0%39.3%5.2%-9.8%107.2K-3.4M-20.3K3.0682.66N/AN/A872662,1072,250
2023-08-03$40.48$40.0042.6%6.1%25.9%45.3%18.6%2.9%4.9%109.5K-2.8M-24.2K0.0288.24N/AN/A16232,1912,472
2023-08-04$36.98$40.0029.4%7.7%41.5%23.9%23.0%3.1%-0.2%32.9K-94.6K-23.5K0.1587.48N/AN/A255392,3092,475
2023-08-07$36.34$40.0023.0%6.7%41.6%13.4%24.1%7.6%4.7%54.3K88.8K-23.1K0.0362.02N/AN/A14942,5392,496
2023-08-08$36.80$40.0032.2%7.1%41.7%28.3%21.8%5.1%-0.3%78.3K-132.2K-23.2K1.0561.50N/AN/A39412,6382,494
2023-08-09$37.47$35.0019.7%5.7%41.7%8.1%22.8%1.5%11.6%72.4K-628.7K-24.1K0.1197.17N/AN/A107122,6532,515
2023-08-10$37.49$35.0027.4%7.9%40.3%20.5%22.0%3.9%-2.0%80.9K-619.4K-24.0K0.8086.32N/AN/A20162,5992,514
2023-08-11$38.03$35.0025.4%7.3%40.9%17.3%27.9%5.3%1.1%82.0K-852.8K-24.6K3.6744.30N/AN/A3112,6012,513
2023-08-14$38.09$35.0018.4%5.3%40.7%5.9%22.6%4.5%3.7%77.0K-694.4K-24.3K9.3332.59N/AN/A121122,6042,519
2023-08-15$37.34$40.0026.9%7.7%41.1%19.7%23.3%2.9%2.0%72.2K-355.5K-23.4K1.3242.29N/AN/A50662,6102,565
2023-08-16$37.28$40.0025.8%7.4%40.6%17.9%16.4%2.0%0.6%73.4K-204.0K-23.7K0.1522.52N/AN/A82122,5992,552
2023-08-17$36.77$40.0024.2%6.9%40.6%15.3%25.6%1.0%9.2%61.2K-263.9K-23.0K1.8937.20N/AN/A9172,6012,562
2023-08-18$37.03$40.0024.8%7.1%40.5%16.3%13.2%13.9%12.8%43.8K-298.1K-23.6K0.00108.12N/AN/A4502,5922,561
2023-08-21$37.41$40.0021.3%6.1%40.5%10.6%21.3%4.3%9.4%76.7K-1.0M-21.3K0.0084.29N/AN/A1701,8092,293
2023-08-22$37.83$40.0021.1%6.1%39.9%10.3%0.0%11.0%5.6%68.8K-1.2M-24.1K0.0054.68N/AN/A001,8202,293
2023-08-23$38.77$40.0022.2%6.4%40.8%12.0%22.2%60.3%0.9%92.0K-1.7M-23.8K0.0395.33N/AN/A3611,8202,293
2023-08-24$38.43$40.0022.1%6.3%40.7%12.0%22.2%-4.0%1.1%95.8K-1.5M-22.3K0.2542.01N/AN/A1231,8272,294
2023-08-25$39.20$40.0020.4%5.9%40.8%9.2%20.5%31.8%3.0%109.8K-2.0M-23.1K0.0076.35N/AN/A1801,8342,295
2023-08-28$38.98$40.0020.8%6.0%40.5%9.8%20.8%18.7%1.8%89.9K-1.6M-22.1K0.818.73N/AN/A31251,8332,295
2023-08-29$39.59$40.0018.8%5.4%41.1%6.5%18.8%53.8%2.3%121.7K-2.2M-22.4K0.0688.78N/AN/A3621,8602,320
2023-08-30$39.80$40.0018.4%5.3%39.0%5.9%18.4%30.6%2.7%144.4K-2.3M-22.9K0.077.37N/AN/A13591,8812,320
2023-08-31$40.16$40.0019.1%5.5%39.0%7.0%0.0%23.8%2.5%172.0K-3.2M-21.8K0.0090.57N/AN/A501,9682,329