OTEX Options History — January 2025

In January 2025, OTEX traded between $27.21 and $29.88. ATM implied volatility averaged 34.5%, placing in the 44.0% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 11.6% (HV 20d: 23.0%). Max pain ranged from $30.00 to $30.00. Net GEX was positive for 14 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 1.81.

Notable Days

  • 2025-01-30: Highest Volume — 1,477 contracts
  • 2025-01-30: Largest IV spike — 17.0% change
  • 2025-01-30: Highest IV Rank — 76.8%
  • 2025-01-30: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.43$27.21$29.88$28.22$29.57
Max Pain$30.00$30.00$30.00$30.00$30.00
ATM IV34.5%25.8%48.4%27.4%42.6%
Expected Move10.4%7.9%13.9%7.9%12.2%
HV 20d23.0%17.8%27.3%26.9%22.0%
HV 60d33.8%25.5%35.3%34.3%25.5%
IV Rank44.0%23.2%76.8%27.1%63.1%
IV Percentile74.6%38.9%99.6%56.0%95.2%
Term Structure-4.4%-20.8%6.5%6.5%-20.8%
VWIV35.5%25.4%45.0%27.4%42.3%
Skew 25d4.5%-6.2%18.7%9.6%1.9%
Skew 10d10.5%-9.1%41.7%7.5%17.1%
Call IV 25d31.9%14.3%41.3%17.0%41.3%
Put IV 25d36.4%26.5%48.3%26.7%43.2%
Bid-Ask Spread %73.1856.0392.7971.4589.79
Gamma HHI0.300.190.430.400.19
Net GEX16.7K-43.8K65.5K44.4K54.4K
Net DEX-808.7K-3.1M1.1M-547.1K-2.5M
Net VEX-33.9K-43.5K-27.3K-28.3K-43.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.810.036.473.330.03
Total Volume318.4161,4776594
Total OI6,935.15,4769,5645,4769,564

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-01-02$28.22$30.0027.4%7.9%26.9%27.1%27.4%9.6%6.5%44.4K-547.1K-28.3K3.3371.45N/AN/A15503,4302,046
2025-01-03$28.56$30.0027.7%7.9%26.3%27.8%27.7%13.2%5.7%53.8K-909.8K-28.8K0.0665.37N/AN/A8353,4222,096
2025-01-06$28.82$30.0026.3%9.3%25.9%24.5%33.7%11.5%-0.3%65.5K-1.2M-29.1K3.0072.55N/AN/A9273,4632,095
2025-01-07$28.14$30.0025.8%9.7%25.0%23.2%34.0%8.2%-0.4%27.2K-361.6K-27.7K3.6976.73N/AN/A421553,4642,107
2025-01-08$27.78$30.0026.5%9.6%25.1%24.9%33.5%3.6%-13.7%6.1K257.7K-27.3K6.3372.94N/AN/A925823,4652,168
2025-01-10$27.44$30.0027.1%10.1%25.2%26.3%36.8%3.3%-0.7%-19.0K577.3K-28.5K1.3576.60N/AN/A2843833,5222,316
2025-01-13$27.21$30.0031.4%10.2%25.1%36.5%35.1%4.2%-1.7%-41.5K1.1M-30.1K1.3071.48N/AN/A1131473,6702,662
2025-01-14$27.45$30.0032.6%10.3%25.5%39.3%36.3%3.2%-1.8%-43.8K841.4K-32.3K0.2071.22N/AN/A332653,7382,862
2025-01-15$28.12$30.0034.2%9.8%27.3%43.1%33.6%3.3%-1.0%-13.8K-293.6K-34.8K1.5064.97N/AN/A32484,0432,908
2025-01-16$28.13$30.0034.3%9.8%27.3%43.3%33.3%3.8%5.2%-352-323.1K-35.0K0.6067.33N/AN/A1064,0392,976
2025-01-17$27.88$30.0033.6%9.6%25.1%41.8%32.4%-6.2%-1.8%-36.2K31.2K-34.7K0.1183.28N/AN/A3644,0422,978
2025-01-21$28.32$30.0035.9%10.3%18.1%47.2%34.6%-3.0%-3.7%18.8K-638.7K-34.4K0.1276.23N/AN/A138163,6162,776
2025-01-22$28.38$30.0037.0%10.6%18.1%49.8%35.0%1.1%-3.2%23.5K-906.8K-35.3K1.7372.21N/AN/A1983433,7112,790
2025-01-23$28.49$30.0038.8%11.1%17.8%54.0%37.9%3.5%-4.0%14.1K-902.1K-37.3K6.4756.03N/AN/A1248023,9123,271
2025-01-24$28.87$30.0037.3%10.7%18.1%50.4%25.4%5.5%-4.2%18.0K-1.4M-38.4K0.0366.11N/AN/A302104,0074,053
2025-01-27$28.66$30.0043.1%12.4%18.3%64.3%42.5%-5.6%-6.0%28.3K-1.2M-37.7K0.5473.12N/AN/A125674,2213,999
2025-01-28$29.41$30.0039.7%11.4%20.3%56.3%40.4%18.7%-20.7%43.1K-2.5M-38.4K4.8064.66N/AN/A10484,3404,066
2025-01-29$29.21$30.0041.4%11.9%20.5%60.2%42.8%3.6%-5.3%37.1K-2.2M-38.0K0.3678.64N/AN/A69254,3474,062
2025-01-30$29.88$30.0048.4%13.9%21.7%76.8%45.0%7.5%-15.4%53.9K-3.1M-38.4K0.6692.79N/AN/A8925854,4004,055
2025-01-31$29.57$30.0042.6%12.2%22.0%63.1%42.3%1.9%-20.8%54.4K-2.5M-43.5K0.0389.79N/AN/A9135,0304,534