OTEX Options History — April 2024

In April 2024, OTEX traded between $34.53 and $38.41. ATM implied volatility averaged 33.1%, placing in the 43.2% IV rank vs the trailing year. The 30-day expected move averaged 9.4%. IV traded above realized volatility by 11.9% (HV 20d: 21.2%). Max pain ranged from $40.00 to $40.00. Net GEX was positive for 16 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 3.85.

Notable Days

  • 2024-04-02: Highest Volume — 1,872 contracts
  • 2024-04-08: Largest IV spike — 28.3% change
  • 2024-04-30: Highest IV Rank — 59.1%
  • 2024-04-30: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$36.15$34.53$38.41$38.41$35.59
Max Pain$40.00$40.00$40.00$40.00$40.00
ATM IV33.1%24.1%40.2%24.1%40.2%
Expected Move9.4%6.7%11.5%6.9%11.5%
HV 20d21.2%18.2%26.7%26.6%18.7%
HV 60d27.1%26.1%28.4%28.3%26.1%
IV Rank43.2%23.0%59.1%23.0%59.1%
IV Percentile81.4%42.9%96.0%43.7%96.0%
Term Structure-2.2%-5.9%4.4%4.4%-5.9%
VWIV33.4%24.2%39.3%24.2%39.2%
Skew 25d4.7%1.0%6.0%3.6%5.5%
Skew 10d10.5%4.6%34.0%4.6%10.5%
Call IV 25d32.2%24.1%39.3%24.2%39.3%
Put IV 25d36.8%27.8%44.8%27.8%44.8%
Bid-Ask Spread %73.5247.2187.1647.2171.28
Gamma HHI0.380.270.640.420.34
Net GEX69.1K-333.6K255.8K236.0K105.5K
Net DEX-386.0K-2.6M1.5M-1.7M-294.5K
Net VEX-24.6K-29.4K-19.6K-21.1K-28.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio3.850.0035.000.590.05
Total Volume250.727181,8725922
Total OI5,486.3184,2236,4774,2236,477

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$38.41$40.0024.1%6.9%26.6%23.0%24.2%3.6%4.4%236.0K-1.7M-21.1K0.5947.21N/AN/A37223,354869
2024-04-02$38.00$40.0024.1%6.9%26.7%23.0%29.4%1.0%2.3%185.8K-1.3M-19.6K0.0669.56N/AN/A1,7651073,366879
2024-04-03$38.05$40.0024.6%7.1%22.9%24.1%24.8%4.9%4.3%255.8K-2.6M-27.3K0.5761.85N/AN/A51294,076979
2024-04-04$37.58$40.0029.1%6.7%23.0%34.0%29.3%3.4%-1.3%217.4K-2.1M-26.2K1.8461.67N/AN/A45834,0811,003
2024-04-05$37.69$40.0026.3%8.5%21.0%27.8%29.8%5.1%-0.8%213.4K-2.1M-26.4K0.3569.31N/AN/A40144,0851,063
2024-04-08$37.17$40.0033.7%9.6%21.5%44.4%29.9%4.4%-3.0%169.8K-1.6M-24.7K6.0063.60N/AN/A13784,0861,071
2024-04-09$37.23$40.0036.1%9.8%21.3%49.9%31.5%4.0%-3.9%166.9K-1.6M-25.0K3.0973.34N/AN/A912814,0901,142
2024-04-10$36.19$40.0034.3%9.8%23.3%45.7%34.1%5.1%-3.1%51.5K-476.5K-24.3K35.0078.20N/AN/A1354,1641,391
2024-04-11$35.92$40.0033.0%9.5%21.5%42.8%33.7%4.4%-2.2%19.6K-230.2K-23.8K4.6872.12N/AN/A442064,1651,400
2024-04-12$35.55$40.0034.9%10.0%21.2%47.2%38.7%5.0%-2.8%-12.3K411.6K-24.9K0.7876.17N/AN/A27214,1621,601
2024-04-15$34.67$40.0034.5%9.9%22.5%46.2%34.5%4.1%-2.5%-52.0K1.3M-22.6K0.4374.83N/AN/A88384,1481,648
2024-04-16$34.53$40.0031.5%9.0%22.3%39.5%34.0%4.7%0.3%-78.5K1.5M-21.2K3.1286.32N/AN/A892784,1181,659
2024-04-17$34.67$40.0034.4%9.9%22.6%46.0%35.6%4.7%-2.4%-22.4K1.1M-21.4K10.1685.78N/AN/A191934,1091,510
2024-04-18$34.64$40.0034.0%9.7%19.8%45.1%34.1%5.8%-2.3%-43.3K1.2M-22.0K7.2279.76N/AN/A9654,1261,635
2024-04-19$34.97$40.0035.5%10.2%18.2%48.5%36.2%6.0%-3.8%-333.6K980.9K-22.8K6.3074.77N/AN/A231454,1311,663
2024-04-22$35.47$40.0034.4%9.9%18.3%46.0%32.9%5.8%-3.8%23.7K471.8K-23.2K0.1672.95N/AN/A4373,3911,681
2024-04-23$36.16$40.0034.1%9.8%20.0%45.3%33.5%5.0%-3.0%46.0K-32.0K-24.6K0.4887.16N/AN/A58283,4331,681
2024-04-24$35.95$40.0035.8%10.3%19.6%49.2%35.8%5.0%-4.1%43.3K-73.3K-25.3K0.0385.40N/AN/A1,067343,4631,683
2024-04-25$35.81$40.0037.7%10.8%18.9%53.5%37.8%4.9%-4.5%121.0K-611.8K-29.4K3.5566.49N/AN/A421494,5251,751
2024-04-26$35.75$40.0037.3%10.7%18.7%52.5%37.2%5.4%-4.4%111.0K-448.3K-29.4K0.0083.15N/AN/A1804,5621,854
2024-04-29$35.38$40.0039.5%11.3%18.5%57.4%39.3%4.7%-5.4%95.1K-130.1K-28.1K0.1676.42N/AN/A96154,5701,854
2024-04-30$35.59$40.0040.2%11.5%18.7%59.1%39.2%5.5%-5.9%105.5K-294.5K-28.5K0.0571.28N/AN/A2114,6101,867