OTEX Options History — October 2023

In October 2023, OTEX traded between $32.27 and $36.11. ATM implied volatility averaged 35.0%, placing in the 46.5% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 9.1% (HV 20d: 25.9%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.03.

Notable Days

  • 2023-10-24: Highest Volume — 353 contracts
  • 2023-10-11: Largest IV spike — 27.4% change
  • 2023-10-27: Highest IV Rank — 77.1%
  • 2023-10-27: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.14$32.27$36.11$35.00$33.25
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV35.0%25.9%48.3%27.8%43.3%
Expected Move10.4%7.8%13.8%8.0%12.4%
HV 20d25.9%22.7%29.5%24.1%24.9%
HV 60d30.1%24.2%31.3%30.5%24.2%
IV Rank46.5%22.2%77.1%22.2%66.0%
IV Percentile80.4%46.4%98.8%61.5%97.2%
Term Structure-4.2%-10.3%6.3%5.6%-9.5%
VWIV38.3%27.7%48.1%27.7%43.4%
Skew 25d7.0%-4.6%16.3%16.3%6.9%
Skew 10d8.8%-11.0%26.9%26.9%9.4%
Call IV 25d35.8%25.6%46.0%25.6%45.3%
Put IV 25d42.8%25.5%52.2%41.8%52.2%
Bid-Ask Spread %64.0820.4794.5483.8255.68
Gamma HHI0.440.370.520.460.40
Net GEX19.4K-26.5K85.5K42.3K-11.7K
Net DEX179.4K-1.5M1.6M-581.9K1.0M
Net VEX-23.8K-26.5K-20.2K-26.1K-20.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.030.005.830.700.00
Total Volume6113535126
Total OI5,475.0915,3075,6015,3075,458

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$35.00$35.0027.8%8.0%24.1%22.2%27.7%16.3%5.6%42.3K-581.9K-26.1K0.7083.82N/AN/A30212,6892,618
2023-10-03$34.09$35.0028.9%8.3%25.1%24.1%0.0%-4.6%4.7%17.5K186.4K-26.0K3.6792.69N/AN/A15552,6942,619
2023-10-04$34.70$35.0027.2%7.8%26.7%29.8%31.6%13.7%6.3%12.9K-43.1K-24.3K0.0794.54N/AN/A167112,6942,624
2023-10-05$35.03$35.0027.3%9.5%26.9%30.0%0.0%5.2%-3.3%51.1K-684.2K-26.1K1.0072.07N/AN/A222,8332,633
2023-10-06$35.45$35.0025.9%9.8%27.6%27.0%0.0%6.3%-7.1%64.6K-1.1M-26.5K1.0037.99N/AN/A332,8332,635
2023-10-09$35.09$35.0026.6%9.8%26.9%28.4%34.3%6.1%-2.9%49.9K-686.6K-25.9K0.0078.37N/AN/A1202,8362,641
2023-10-10$35.64$35.0027.0%10.0%27.9%29.3%32.6%7.1%-3.4%70.5K-1.1M-26.1K0.0038.44N/AN/A102,8412,641
2023-10-11$36.11$35.0034.4%9.9%28.3%45.9%33.4%6.4%-10.3%85.5K-1.5M-26.1K0.5075.73N/AN/A1052,8412,641
2023-10-12$34.90$35.0033.9%9.7%29.0%44.8%45.6%6.4%-3.1%38.4K-398.1K-25.4K5.8330.35N/AN/A6352,8412,641
2023-10-13$34.39$35.0034.6%9.9%29.2%46.5%34.6%8.2%-2.9%20.1K49.5K-24.5K0.3878.49N/AN/A29112,8422,667
2023-10-16$34.64$35.0033.9%9.7%29.5%44.8%45.6%7.4%-3.2%19.6K-72.7K-24.2K0.5078.86N/AN/A212,8422,675
2023-10-17$34.39$35.0034.3%9.8%26.6%45.7%34.3%7.6%-1.5%11.8K37.1K-23.8K0.0267.49N/AN/A6012,8422,696
2023-10-18$33.89$35.0035.5%10.2%26.8%48.5%37.9%7.2%-4.0%7.4K469.4K-23.5K0.0080.89N/AN/A2002,8642,696
2023-10-19$33.34$35.0035.1%10.1%23.6%47.7%35.2%11.3%-7.3%-3.8K872.6K-22.7K0.0082.79N/AN/A6602,8692,669
2023-10-20$33.36$35.0038.3%11.0%23.6%54.8%42.7%10.0%-5.7%765843.9K-23.4K1.7054.65N/AN/A10172,9242,666
2023-10-23$33.23$35.0037.8%10.8%23.6%53.5%38.5%9.7%-6.3%-3.6K949.3K-22.5K0.1869.78N/AN/A212392,8712,635
2023-10-24$33.50$35.0038.5%11.0%22.7%55.1%38.3%2.5%-7.5%13.4K666.0K-22.2K0.0169.15N/AN/A35032,9732,628
2023-10-25$33.11$35.0039.3%11.3%23.0%57.0%39.2%7.3%-5.8%-396899.1K-21.8K0.0069.33N/AN/A5502,8662,626
2023-10-26$32.27$35.0048.2%13.8%23.9%77.0%47.3%2.3%-7.8%-26.5K1.6M-20.8K1.6931.59N/AN/A13222,8212,626
2023-10-27$32.39$35.0048.3%13.8%23.9%77.1%0.0%5.0%-7.3%-24.8K1.5M-20.8K0.5020.47N/AN/A1052,8332,617
2023-10-30$33.30$35.0043.6%12.5%26.4%66.7%48.1%5.3%-9.2%-7.5K991.7K-20.6K5.0046.60N/AN/A2102,8382,613
2023-10-31$33.25$35.0043.3%12.4%24.9%66.0%43.4%6.9%-9.5%-11.7K1.0M-20.2K0.0055.68N/AN/A2602,8382,620