OTEX Options History — February 2024

In February 2024, OTEX traded between $38.00 and $44.11. ATM implied volatility averaged 26.5%, placing in the 28.3% IV rank vs the trailing year. The 30-day expected move averaged 7.4%. IV traded below realized volatility by 3.3% (HV 20d: 29.8%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 14 of 20 days. Put/call ratio averaged 0.81.

Notable Days

  • 2024-02-01: Highest Volume — 1,645 contracts
  • 2024-02-02: Largest IV drop — 34.5% change
  • 2024-02-01: Highest IV Rank — 55.2%
  • 2024-02-01: Largest Expected Move — 8.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$40.23$38.00$44.11$44.11$38.56
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV26.5%23.2%38.5%38.5%23.2%
Expected Move7.4%6.7%8.5%8.5%6.7%
HV 20d29.8%23.5%33.9%23.5%31.7%
HV 60d24.1%20.8%26.5%20.8%26.4%
IV Rank28.3%20.9%55.2%55.2%20.9%
IV Percentile57.0%36.5%94.4%94.4%36.5%
Term Structure0.9%-1.8%2.3%-1.8%2.3%
VWIV25.7%23.2%29.7%29.7%23.7%
Skew 25d5.2%0.3%30.3%3.1%6.8%
Skew 10d8.4%-5.4%41.8%9.1%7.0%
Call IV 25d25.2%20.7%29.5%29.5%23.2%
Put IV 25d30.4%26.4%54.4%32.6%30.0%
Bid-Ask Spread %59.9627.2488.6773.4668.53
Gamma HHI0.560.390.770.690.40
Net GEX278.9K72.6K829.8K500.9K172.9K
Net DEX-3.6M-8.8M-524.1K-8.7M-1.8M
Net VEX-22.7K-30.4K-18.0K-21.4K-22.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.810.023.460.050.20
Total Volume277.75441,6451,64549
Total OI5,938.053,2737,9426,0244,016

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$44.11$40.0038.5%8.5%23.5%55.2%29.7%3.1%-1.8%500.9K-8.7M-21.4K0.0573.46N/AN/A1,568773,8882,136
2024-02-02$43.11$40.0025.2%7.3%25.4%25.4%25.2%1.0%2.1%684.3K-8.8M-30.4K0.2478.98N/AN/A7581845,2132,201
2024-02-05$41.89$40.0032.1%7.9%27.9%40.8%24.5%3.7%1.0%440.7K-6.3M-27.1K1.0769.70N/AN/A981055,2292,199
2024-02-06$41.37$40.0028.6%7.5%26.5%33.1%24.8%3.6%1.4%326.5K-5.4M-25.0K0.0582.72N/AN/A13675,1962,212
2024-02-07$40.89$40.0025.5%7.3%26.6%26.1%25.5%2.7%2.0%280.9K-4.8M-24.3K1.6888.67N/AN/A721215,3192,214
2024-02-08$41.05$40.0025.7%7.4%26.0%26.5%25.7%4.3%2.3%264.0K-5.1M-24.7K0.6853.15N/AN/A60415,3592,284
2024-02-09$41.97$40.0026.1%7.5%26.8%27.4%26.1%2.7%2.2%352.6K-6.4M-25.7K0.7927.24N/AN/A78625,3902,318
2024-02-12$40.86$40.0026.4%7.6%28.1%28.1%26.4%4.2%1.9%250.3K-5.1M-23.7K2.3083.32N/AN/A501155,4382,333
2024-02-13$39.00$40.0027.3%7.8%30.7%30.0%27.7%3.1%1.2%197.0K-1.8M-21.7K1.9562.17N/AN/A22435,4582,432
2024-02-14$40.21$40.0026.5%7.6%32.5%28.3%26.5%2.7%0.7%290.2K-3.9M-23.0K0.2242.32N/AN/A225505,4662,456
2024-02-15$40.58$40.0025.9%7.4%31.3%27.0%25.8%4.4%0.0%282.4K-4.8M-22.8K0.2639.08N/AN/A224585,4082,483
2024-02-16$39.88$40.0025.5%7.3%31.7%26.0%26.8%9.1%-0.1%829.8K-2.0M-22.2K3.4637.14N/AN/A592045,4482,494
2024-02-20$39.07$40.0025.4%7.3%32.0%25.8%25.6%5.9%-0.2%97.3K-1.3M-20.5K0.4061.41N/AN/A42172,458815
2024-02-21$38.00$40.0025.7%7.4%33.2%26.6%26.2%4.2%-0.4%72.6K-524.1K-18.0K1.0838.85N/AN/A52562,460827
2024-02-22$38.84$40.0024.8%7.1%33.9%24.4%24.8%0.3%-0.1%90.4K-1.0M-19.6K0.7855.53N/AN/A32252,507847
2024-02-23$38.73$40.0024.1%6.9%32.1%23.0%24.7%2.0%-0.0%87.3K-942.3K-19.4K0.6550.92N/AN/A95622,525844
2024-02-26$38.66$40.0024.1%6.9%31.7%22.8%0.0%4.8%1.0%90.6K-954.9K-19.6K0.2253.14N/AN/A3682,577867
2024-02-27$39.22$40.0024.4%7.0%31.7%23.5%23.2%30.3%1.7%109.2K-1.3M-20.7K0.0261.19N/AN/A508102,621873
2024-02-28$38.69$40.0025.1%7.2%31.8%25.1%25.1%5.6%0.9%156.8K-1.7M-21.9K0.1871.63N/AN/A124223,071879
2024-02-29$38.56$40.0023.2%6.7%31.7%20.9%23.7%6.8%2.3%172.9K-1.8M-22.5K0.2068.53N/AN/A4183,150866