OTEX Options History — February 2025

In February 2025, OTEX traded between $25.74 and $30.27. ATM implied volatility averaged 35.1%, placing in the 45.3% IV rank vs the trailing year. The 30-day expected move averaged 9.8%. IV traded above realized volatility by 4.7% (HV 20d: 30.3%). Max pain ranged from $27.50 to $30.00. Net GEX was positive for 14 of 19 trading days. Term structure was in contango for 11 of 19 days. Put/call ratio averaged 2.10.

Notable Days

  • 2025-02-14: Highest Volume — 1,330 contracts
  • 2025-02-07: Largest IV drop — 34.4% change
  • 2025-02-06: Highest IV Rank — 88.4%
  • 2025-02-03: Largest Expected Move — 13.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$27.93$25.74$30.27$29.12$25.74
Max Pain$27.89$27.50$30.00$30.00$27.50
ATM IV35.1%28.8%53.3%47.9%32.3%
Expected Move9.8%8.2%13.7%13.7%9.3%
HV 20d30.3%22.8%33.0%22.9%29.4%
HV 60d27.2%25.4%28.9%25.4%26.8%
IV Rank45.3%30.3%88.4%75.7%38.8%
IV Percentile74.2%58.3%99.6%98.8%69.4%
Term Structure-0.4%-10.2%10.2%-10.2%-0.7%
VWIV36.7%31.3%49.2%48.0%37.4%
Skew 25d5.4%1.0%17.6%17.6%3.1%
Skew 10d8.9%2.0%24.4%24.4%3.3%
Call IV 25d32.2%20.4%47.4%34.2%32.6%
Put IV 25d37.6%32.4%51.8%51.8%35.7%
Bid-Ask Spread %58.4120.8091.0289.6784.19
Gamma HHI0.240.170.430.180.17
Net GEX25.5K-110.3K86.9K41.8K42.4K
Net DEX-551.2K-3.8M1.6M-1.8M1.6M
Net VEX-40.6K-44.1K-36.4K-43.0K-36.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.100.058.870.212.22
Total Volume350.474401,330267261
Total OI10,594.1059,42912,7229,6369,783

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-02-03$29.12$30.0047.9%13.7%22.9%75.7%48.0%17.6%-10.2%41.8K-1.8M-43.0K0.2189.67N/AN/A221465,1004,536
2025-02-04$29.45$30.0046.7%13.4%22.8%72.8%47.9%4.0%-9.5%48.7K-2.4M-43.2K0.3166.07N/AN/A49155,2754,543
2025-02-05$30.27$30.0047.4%13.6%24.5%74.5%49.2%5.3%-9.9%72.8K-3.8M-43.5K0.5256.96N/AN/A77405,2944,546
2025-02-06$29.39$27.5053.3%11.5%25.4%88.4%39.4%5.3%-2.5%50.3K-2.2M-42.9K0.5558.55N/AN/A7944335,3284,556
2025-02-07$27.96$27.5035.0%9.3%31.0%45.0%34.3%3.0%1.7%28.1K137.2K-39.6K0.1839.77N/AN/A6181136,0054,902
2025-02-10$28.82$27.5030.9%8.7%32.4%35.3%33.4%2.5%3.2%29.0K-1.4M-39.7K0.4250.29N/AN/A69295,7424,936
2025-02-11$28.84$27.5029.5%8.4%32.1%32.0%36.6%3.6%4.4%26.8K-1.4M-39.4K8.8726.04N/AN/A232045,7384,934
2025-02-12$28.29$27.5031.9%9.2%33.0%37.8%33.3%3.5%2.2%-10.1K-246.1K-38.5K3.2336.35N/AN/A13425,7475,138
2025-02-13$28.59$27.5032.6%9.4%32.1%39.5%0.0%5.5%1.4%3.7K-782.0K-39.0K5.6741.29N/AN/A6345,7395,148
2025-02-14$28.41$27.5031.6%9.0%32.2%37.0%0.0%2.9%2.1%-4.2K-490.9K-38.2K0.0520.80N/AN/A1,265655,7395,158
2025-02-18$27.80$27.5031.9%9.1%33.0%37.7%31.6%3.5%1.9%-21.2K-533.4K-44.1K1.8262.45N/AN/A33606,9955,218
2025-02-19$27.48$27.5031.5%9.0%32.7%36.8%33.1%14.8%2.5%-110.3K-235.3K-42.6K2.0989.47N/AN/A1172457,0175,014
2025-02-20$27.34$27.5030.3%8.7%32.7%34.0%35.1%4.4%10.2%-79.5K-34.4K-41.8K1.3252.93N/AN/A3885117,2514,950
2025-02-21$26.88$27.5030.5%8.7%33.0%34.4%33.4%2.3%0.2%80.5K1.3M-40.6K2.7648.16N/AN/A1213347,5795,143
2025-02-24$26.99$27.5028.8%8.2%32.6%30.3%32.8%3.3%-3.5%86.9K82.4K-40.8K0.2191.02N/AN/A144306,0913,338
2025-02-25$26.79$27.5031.1%8.9%32.6%35.7%34.2%2.9%-0.8%79.7K20.6K-40.8K2.7580.31N/AN/A12336,2083,357
2025-02-26$26.48$27.5030.8%8.8%30.8%35.3%31.3%1.0%-0.6%66.0K533.7K-39.2K2.0631.82N/AN/A16336,2073,390
2025-02-27$25.97$27.5032.6%9.3%31.2%39.3%32.6%14.1%0.4%53.8K1.1M-37.4K4.6983.72N/AN/A291366,2223,421
2025-02-28$25.74$27.5032.3%9.3%29.4%38.8%37.4%3.1%-0.7%42.4K1.6M-36.4K2.2284.19N/AN/A811806,2363,547