OTEX Options History — January 2024

In January 2024, OTEX traded between $39.78 and $44.11. ATM implied volatility averaged 31.2%, placing in the 38.8% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 6.1% (HV 20d: 25.1%). Max pain ranged from $35.00 to $40.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.59.

Notable Days

  • 2024-01-16: Highest Volume — 464 contracts
  • 2024-01-10: Largest IV spike — 42.1% change
  • 2024-01-31: Highest IV Rank — 54.0%
  • 2024-01-31: Largest Expected Move — 10.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$41.61$39.78$44.11$40.58$43.95
Max Pain$38.33$35.00$40.00$40.00$40.00
ATM IV31.2%21.8%37.9%24.3%37.9%
Expected Move9.3%6.6%10.9%7.0%10.9%
HV 20d25.1%19.8%28.9%19.8%24.9%
HV 60d23.7%23.0%24.3%23.7%23.1%
IV Rank38.8%17.8%54.0%23.3%54.0%
IV Percentile73.6%21.8%93.7%44.8%93.7%
Term Structure-3.6%-7.7%5.4%5.1%-7.7%
VWIV32.1%23.2%38.9%23.2%38.8%
Skew 25d4.9%-3.2%9.6%0.2%2.5%
Skew 10d11.1%-4.5%19.1%-0.2%6.4%
Call IV 25d30.4%23.6%39.2%23.6%39.2%
Put IV 25d35.2%22.0%41.7%23.8%41.7%
Bid-Ask Spread %52.8815.5186.4670.2174.95
Gamma HHI0.640.470.740.560.68
Net GEX275.7K154.0K474.3K216.0K474.3K
Net DEX-4.6M-8.4M-2.5M-3.4M-8.3M
Net VEX-19.1K-21.3K-17.6K-19.0K-21.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.590.004.000.160.12
Total Volume133.7627464117125
Total OI5,043.814,5335,9344,5335,934

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$40.58$40.0024.3%7.0%19.8%23.3%23.2%0.2%5.1%216.0K-3.4M-19.0K0.1670.21N/AN/A101162,7031,830
2024-01-03$39.87$40.0023.1%6.6%20.4%20.7%23.3%-3.2%5.4%196.4K-2.9M-18.0K0.2584.78N/AN/A61152,7641,831
2024-01-04$39.78$35.0022.3%8.1%20.4%18.9%28.3%5.3%-0.7%195.6K-2.8M-17.7K0.0084.28N/AN/A702,7861,846
2024-01-05$40.13$35.0022.6%8.7%20.4%19.6%30.3%5.6%-2.7%207.8K-3.3M-18.1K2.6281.67N/AN/A772022,7891,849
2024-01-08$41.30$35.0025.1%9.1%22.8%25.1%31.6%6.5%-3.3%218.7K-3.7M-19.8K0.4583.89N/AN/A1152,7692,048
2024-01-09$40.89$35.0021.8%8.8%23.1%17.8%30.4%6.6%-2.5%204.6K-3.6M-19.2K0.0176.73N/AN/A8312,7702,052
2024-01-10$41.53$35.0031.0%8.9%23.5%38.5%27.6%5.0%-2.5%235.6K-4.1M-19.6K0.0519.05N/AN/A2012,7742,053
2024-01-11$42.09$35.0032.5%9.3%23.9%41.6%32.2%6.7%-4.8%270.6K-4.7M-19.5K0.5215.51N/AN/A42222,7872,054
2024-01-12$41.61$35.0031.3%9.0%24.0%39.1%30.8%5.5%-3.0%247.7K-4.2M-18.6K1.6528.40N/AN/A23382,7642,063
2024-01-16$40.33$40.0032.2%9.2%25.8%41.1%31.5%6.9%-4.0%158.2K-2.8M-18.0K0.0322.52N/AN/A451132,7552,115
2024-01-17$39.88$40.0032.4%9.3%25.7%41.6%32.7%6.7%-3.9%154.0K-2.5M-17.6K0.0486.46N/AN/A6832,9882,118
2024-01-18$40.93$40.0033.1%9.5%27.5%43.1%32.7%5.8%-5.2%231.1K-3.6M-18.0K0.1219.47N/AN/A4152,9842,118
2024-01-19$41.22$40.0033.9%9.7%27.6%45.0%33.4%6.3%-5.0%253.3K-3.9M-18.1K0.2918.79N/AN/A105302,9832,116
2024-01-22$41.70$40.0036.0%10.3%27.9%49.6%33.8%6.5%-5.8%286.5K-4.5M-18.9K0.3954.53N/AN/A2393,0292,013
2024-01-23$41.48$40.0034.8%10.0%26.7%47.0%30.9%5.9%-4.9%281.5K-4.3M-18.4K4.0056.23N/AN/A7283,0452,014
2024-01-24$42.02$40.0036.0%10.3%27.1%49.6%35.0%4.3%-5.9%305.4K-4.9M-18.5K0.7859.97N/AN/A18143,0492,041
2024-01-25$43.10$40.0036.4%10.4%28.5%50.6%36.1%2.2%-6.5%328.0K-6.1M-19.6K0.0749.38N/AN/A399273,0532,055
2024-01-26$43.47$40.0034.1%9.8%28.6%45.3%34.2%9.6%-4.6%410.1K-7.4M-20.1K0.0232.34N/AN/A40283,4042,068
2024-01-29$44.11$40.0036.4%10.4%28.9%50.6%37.3%4.3%-6.3%460.6K-8.4M-21.1K0.4746.40N/AN/A109513,6342,067
2024-01-30$43.91$40.0037.4%10.7%28.8%52.7%38.9%2.9%-7.3%454.6K-8.2M-21.0K0.3145.01N/AN/A113353,7052,100
2024-01-31$43.95$40.0037.9%10.9%24.9%54.0%38.8%2.5%-7.7%474.3K-8.3M-21.3K0.1274.95N/AN/A112133,8042,130