OTEX Options History — May 2024

In May 2024, OTEX traded between $28.91 and $35.50. ATM implied volatility averaged 26.7%, placing in the 28.8% IV rank vs the trailing year. The 30-day expected move averaged 7.7%. IV traded below realized volatility by 26.3% (HV 20d: 53.0%). Max pain ranged from $32.50 to $40.00. Net GEX was positive for 6 of 22 trading days. Term structure was in contango for 12 of 22 days. Put/call ratio averaged 1.95.

Notable Days

  • 2024-05-03: Highest Volume — 3,669 contracts
  • 2024-05-03: Largest IV drop — 31.5% change
  • 2024-05-02: Highest IV Rank — 68.8%
  • 2024-05-02: Largest Expected Move — 12.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.75$28.91$35.50$35.47$28.91
Max Pain$33.52$32.50$40.00$40.00$32.50
ATM IV26.7%18.4%44.6%40.9%26.1%
Expected Move7.7%5.3%12.8%11.7%7.5%
HV 20d53.0%18.4%56.9%18.6%56.0%
HV 60d36.8%25.5%40.3%25.6%36.6%
IV Rank28.8%10.1%68.8%60.5%27.3%
IV Percentile50.9%2.8%98.4%96.4%56.7%
Term Structure0.9%-9.9%11.0%-6.9%-0.4%
VWIV27.5%16.3%44.6%39.9%32.3%
Skew 25d1.5%-6.1%6.8%-6.1%1.6%
Skew 10d4.0%-11.3%16.2%-11.3%6.3%
Call IV 25d26.8%23.2%43.1%42.0%26.8%
Put IV 25d28.2%23.4%48.7%35.9%28.5%
Bid-Ask Spread %72.4943.9797.6878.4673.78
Gamma HHI0.380.230.500.340.50
Net GEX-68.7K-197.5K116.4K99.3K-194.5K
Net DEX2.2M-553.4K5.3M-175.4K5.3M
Net VEX-31.0K-36.3K-14.4K-27.6K-28.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.950.0111.700.150.12
Total Volume573.409333,669442632
Total OI10,985.1366,47812,7106,47811,961

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-05-01$35.47$40.0040.9%11.7%18.6%60.5%39.9%-6.1%-6.9%99.3K-175.4K-27.6K0.1578.46N/AN/A384584,6101,868
2024-05-02$35.50$40.0044.6%12.8%18.4%68.8%44.6%5.7%-9.9%116.4K-553.4K-30.7K0.9665.22N/AN/A3223094,8821,923
2024-05-03$30.41$40.0030.5%8.8%56.8%37.3%30.5%6.8%-1.9%-50.8K4.2M-14.4K1.1243.97N/AN/A1,7321,9375,2172,130
2024-05-06$30.21$32.5029.5%8.0%56.8%35.1%27.7%3.2%4.0%-115.4K3.4M-23.3K0.0561.14N/AN/A2,3081106,6753,148
2024-05-07$30.29$32.5025.3%7.7%56.9%25.6%27.2%2.1%2.3%-77.5K2.0M-30.8K1.5961.64N/AN/A1111767,4803,075
2024-05-08$30.48$32.5024.9%7.7%56.7%24.8%26.6%2.3%3.7%-105.0K1.7M-31.5K0.0167.38N/AN/A1,777167,5333,173
2024-05-09$30.20$32.5024.9%7.5%56.7%24.7%26.3%2.5%3.8%-104.9K2.1M-33.2K1.3267.76N/AN/A1201589,0243,178
2024-05-10$30.29$32.5023.4%7.3%56.9%21.3%25.7%1.5%4.9%-99.6K1.7M-33.3K3.9872.88N/AN/A461839,0783,173
2024-05-13$30.51$32.5028.3%8.2%56.7%32.3%29.3%3.0%0.4%-80.0K1.2M-33.7K2.9471.37N/AN/A351039,0713,208
2024-05-14$30.62$32.5029.5%7.3%56.8%35.1%28.3%2.2%5.1%-77.4K973.1K-33.9K3.0065.41N/AN/A20609,0873,274
2024-05-15$30.71$32.5025.4%7.3%56.8%25.9%26.7%2.9%4.4%-73.0K918.1K-34.1K0.8357.72N/AN/A1261059,0783,302
2024-05-16$30.66$32.5024.6%7.1%56.8%24.1%25.0%1.0%1.2%-32.7K502.4K-36.3K0.5782.22N/AN/A132759,1643,387
2024-05-17$30.52$32.5023.3%6.7%56.5%21.1%26.0%0.6%1.7%18.7K1.1M-32.6K3.8682.11N/AN/A652519,2543,456
2024-05-20$31.07$32.5022.4%6.4%56.7%19.1%23.1%0.7%2.8%34.8K906.7K-34.5K0.4570.46N/AN/A110507,7083,150
2024-05-21$30.95$32.5018.4%5.3%55.9%10.1%23.4%1.5%11.0%19.1K1.0M-34.5K0.1774.73N/AN/A3667,7943,200
2024-05-22$30.88$32.5023.8%6.8%55.9%22.2%23.4%1.8%-0.5%10.0K1.4M-33.1K9.2482.46N/AN/A464257,7973,205
2024-05-23$30.32$32.5023.8%6.8%56.0%22.2%27.2%0.0%-0.4%-90.5K2.7M-33.4K0.2797.68N/AN/A2677,8323,610
2024-05-24$30.02$32.5022.6%6.5%56.0%19.4%23.8%-0.8%-3.0%-138.8K3.4M-31.5K11.7073.86N/AN/A232697,8753,611
2024-05-28$29.81$32.5024.5%7.0%56.0%23.8%24.5%0.8%-0.1%-186.6K4.2M-31.1K0.1682.05N/AN/A87147,8923,876
2024-05-29$29.68$32.5024.1%6.9%55.8%22.8%16.3%-0.3%-0.6%-197.5K4.3M-31.0K0.0378.90N/AN/A7927,9433,880
2024-05-30$28.91$32.5027.6%7.9%56.0%30.7%26.6%-0.5%-2.2%-185.0K5.3M-28.3K0.5083.60N/AN/A56288,0043,887
2024-05-31$28.91$32.5026.1%7.5%56.0%27.3%32.3%1.6%-0.4%-194.5K5.3M-28.1K0.1273.78N/AN/A562708,0483,913