OTEX Options History — November 2023

In November 2023, OTEX traded between $33.53 and $40.48. ATM implied volatility averaged 25.1%, placing in the 25.3% IV rank vs the trailing year. The 30-day expected move averaged 7.0%. IV traded below realized volatility by 3.0% (HV 20d: 28.2%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 15 of 21 days. Put/call ratio averaged 2.70.

Notable Days

  • 2023-11-02: Highest Volume — 1,493 contracts
  • 2023-11-03: Largest IV drop — 48.6% change
  • 2023-11-02: Highest IV Rank — 82.0%
  • 2023-11-01: Largest Expected Move — 11.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$37.68$33.53$40.48$33.53$40.39
Max Pain$30.24$30.00$35.00$35.00$30.00
ATM IV25.1%19.4%50.4%41.2%22.6%
Expected Move7.0%5.6%11.8%11.8%6.5%
HV 20d28.2%23.8%32.8%24.1%24.2%
HV 60d26.8%24.2%27.6%24.2%26.9%
IV Rank25.3%12.3%82.0%61.3%19.6%
IV Percentile34.7%6.7%98.8%95.2%27.8%
Term Structure0.5%-7.9%3.2%-7.9%-0.2%
VWIV24.0%8.3%41.0%41.0%22.6%
Skew 25d12.1%-7.7%44.8%-1.5%-7.7%
Skew 10d21.0%-18.3%66.7%-14.1%-10.6%
Call IV 25d24.6%19.3%54.6%54.6%30.6%
Put IV 25d36.7%23.0%64.6%53.1%23.0%
Bid-Ask Spread %34.014.2190.6363.3635.21
Gamma HHI0.540.350.730.380.52
Net GEX64.6K-375.4K339.7K-558339.7K
Net DEX-2.1M-4.9M1.2M751.6K-4.5M
Net VEX-16.6K-20.9K-12.9K-20.6K-19.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.700.0028.860.000.00
Total Volume185.42931,4931434
Total OI5,609.3813,9216,7075,4834,954

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-11-01$33.53$35.0041.2%11.8%24.1%61.3%41.0%-1.5%-7.9%-558751.6K-20.6K0.0063.36N/AN/A1402,8632,620
2023-11-02$34.35$30.0050.4%10.3%25.6%82.0%35.9%7.5%-2.5%29.7K28.7K-20.9K28.8686.80N/AN/A501,4432,8752,620
2023-11-03$36.20$30.0025.9%8.8%31.6%27.0%8.3%7.4%-1.3%-193.7K-990.4K-20.5K0.1386.22N/AN/A492642,8683,839
2023-11-06$35.45$30.0027.0%7.1%32.3%29.5%24.8%3.5%3.0%-375.4K1.2M-20.8K3.2519.45N/AN/A4132,6503,832
2023-11-07$36.22$30.0027.3%7.3%32.8%30.2%36.6%5.6%2.1%-269.2K-170.9K-19.6K4.0019.42N/AN/A282,6513,833
2023-11-08$36.17$30.0025.4%7.3%32.4%25.9%25.4%6.4%1.9%-278.6K-375.5K-18.0K0.3821.61N/AN/A832,6533,831
2023-11-09$36.03$30.0025.7%7.4%29.9%26.6%25.7%0.2%2.2%-293.9K-329.7K-14.0K0.0015.41N/AN/A0122,6553,833
2023-11-10$36.61$30.0025.5%7.3%29.7%26.1%0.0%4.1%2.4%-1.7K-1.8M-15.7K0.5029.21N/AN/A212,6553,833
2023-11-13$36.79$30.0026.6%7.6%29.6%28.4%0.0%3.6%1.3%39.9K-1.8M-15.7K1.1717.86N/AN/A672,6563,832
2023-11-14$37.73$30.0021.8%6.3%30.4%17.8%0.0%4.5%3.2%113.0K-2.6M-15.0K0.0075.98N/AN/A902,6543,831
2023-11-15$38.38$30.0021.7%6.2%29.8%17.6%21.8%3.8%1.9%213.8K-3.0M-14.4K0.0019.82N/AN/A2502,6493,831
2023-11-16$38.56$30.0021.8%6.2%28.6%17.7%17.7%3.9%1.9%228.8K-3.1M-14.6K0.0412.20N/AN/A2512,6543,831
2023-11-17$38.70$30.0020.1%5.8%28.5%13.9%21.9%0.9%-1.7%163.3K-3.1M-13.7K0.0718.91N/AN/A7352,6633,831
2023-11-20$38.95$30.0020.7%5.9%28.2%15.3%20.8%5.3%0.2%174.2K-2.7M-14.4K1.0516.22N/AN/A44461,7712,150
2023-11-21$38.78$30.0020.4%5.8%28.5%14.6%20.4%2.2%1.3%175.3K-2.4M-14.4K13.5090.63N/AN/A2271,8072,215
2023-11-22$38.67$30.0019.4%5.6%27.9%12.3%0.0%42.6%0.6%166.9K-2.4M-13.8K0.7511.78N/AN/A861,8062,233
2023-11-24$39.17$30.0020.4%5.9%25.0%14.7%20.4%44.5%0.0%205.0K-2.9M-12.9K0.0031.61N/AN/A28201,8102,237
2023-11-27$39.78$30.0020.3%5.8%25.0%14.4%20.2%44.8%1.2%260.6K-3.5M-14.2K0.057.40N/AN/A800402,0302,237
2023-11-28$40.28$30.0021.2%6.1%24.1%16.3%21.2%38.2%0.3%333.9K-4.7M-16.5K0.074.21N/AN/A242172,6502,244
2023-11-29$40.48$30.0022.5%6.5%23.8%19.4%22.5%34.0%-0.1%325.2K-4.9M-20.3K0.1330.85N/AN/A7092,8502,260
2023-11-30$40.39$30.0022.6%6.5%24.2%19.6%22.6%-7.7%-0.2%339.7K-4.5M-19.1K0.0035.21N/AN/A3402,6882,266