OTEX Options History — March 2025

In March 2025, OTEX traded between $25.16 and $27.16. ATM implied volatility averaged 31.6%, placing in the 37.0% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 8.3% (HV 20d: 23.3%). Max pain ranged from $27.50 to $27.50. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 0.65.

Notable Days

  • 2025-03-07: Highest Volume — 1,623 contracts
  • 2025-03-10: Largest IV spike — 33.0% change
  • 2025-03-10: Highest IV Rank — 60.1%
  • 2025-03-11: Largest Expected Move — 11.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.03$25.16$27.16$25.36$25.37
Max Pain$27.50$27.50$27.50$27.50$27.50
ATM IV31.6%24.3%41.4%34.9%31.4%
Expected Move10.1%8.9%11.9%10.0%10.3%
HV 20d23.3%17.6%30.5%29.5%26.8%
HV 60d26.0%24.4%27.1%26.9%26.7%
IV Rank37.0%19.7%60.1%44.8%36.6%
IV Percentile59.6%15.9%90.9%77.0%62.3%
Term Structure3.9%-2.4%7.2%-1.9%4.6%
VWIV34.6%26.3%40.7%36.0%36.1%
Skew 25d2.2%-5.9%6.8%-5.9%2.7%
Skew 10d2.2%-12.1%18.4%-9.6%6.4%
Call IV 25d30.8%26.2%36.0%36.0%32.5%
Put IV 25d33.0%28.0%40.1%30.1%35.2%
Bid-Ask Spread %79.0063.7595.2895.2873.96
Gamma HHI0.320.170.420.180.39
Net GEX152.6K27.6K255.3K27.6K148.5K
Net DEX-509.6K-3.2M2.1M2.1M590.4K
Net VEX-47.9K-56.9K-35.4K-35.4K-46.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.650.015.220.290.46
Total Volume343.286181,62389251
Total OI11,773.6679,50413,6449,91012,054

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-03-03$25.36$27.5034.9%10.0%29.5%44.8%36.0%-5.9%-1.9%27.6K2.1M-35.4K0.2995.28N/AN/A69206,2723,638
2025-03-04$25.69$27.5036.3%10.4%30.2%48.1%36.8%5.8%-2.4%38.3K1.7M-36.6K0.0588.43N/AN/A570306,3083,659
2025-03-05$26.07$27.5035.4%10.2%30.5%46.1%33.7%3.8%4.0%56.2K1.1M-38.0K0.0467.01N/AN/A13455,8443,660
2025-03-06$25.93$27.5038.7%11.1%27.8%53.8%38.6%2.8%4.3%55.7K1.3M-37.0K0.5785.48N/AN/A37215,9503,662
2025-03-07$26.27$27.5031.1%8.9%27.5%35.8%31.1%4.8%3.9%78.3K607.5K-39.0K0.0188.64N/AN/A1,612115,9693,676
2025-03-10$25.92$27.5041.4%11.9%22.2%60.1%40.6%-3.2%1.9%134.8K-313.5K-45.8K0.7284.65N/AN/A3012187,5173,640
2025-03-11$25.66$27.5037.0%11.9%18.3%49.9%40.7%5.6%1.5%125.1K914-46.6K0.1087.31N/AN/A872847,7593,787
2025-03-12$25.35$27.5033.5%10.5%18.2%41.6%36.5%-4.5%3.3%137.9K101.8K-48.7K0.8188.24N/AN/A104848,6063,857
2025-03-13$25.16$27.5034.4%10.5%17.6%43.8%38.3%6.3%3.2%127.6K583.5K-46.5K0.4688.50N/AN/A128598,7093,880
2025-03-14$25.96$27.5032.4%10.6%21.3%38.9%26.3%6.8%4.3%175.8K-1.2M-52.6K0.0284.98N/AN/A16038,8313,917
2025-03-17$26.04$27.5030.6%10.0%21.5%34.8%33.1%5.1%4.3%185.3K-1.1M-51.5K5.2278.19N/AN/A552878,9613,918
2025-03-18$26.07$27.5031.8%10.4%20.6%37.6%34.4%3.7%4.4%184.7K-1.3M-52.2K0.2071.59N/AN/A1539,0004,058
2025-03-19$26.34$27.5026.8%9.3%20.8%25.8%33.6%3.1%5.5%205.1K-1.8M-53.6K0.6074.54N/AN/A1941169,0104,060
2025-03-20$26.41$27.5026.8%9.1%20.9%25.6%31.6%0.4%4.8%222.2K-2.0M-54.3K2.2774.47N/AN/A922099,1814,094
2025-03-21$26.23$27.5029.0%9.8%20.2%30.9%32.5%1.4%4.9%198.6K-1.2M-52.9K0.3574.02N/AN/A46169,1654,479
2025-03-24$26.92$27.5024.5%8.9%22.3%20.2%31.3%3.0%6.5%246.3K-2.6M-55.3K0.5663.75N/AN/A162918,2433,618
2025-03-25$27.16$27.5024.3%9.0%22.4%19.7%32.7%1.4%7.2%255.3K-3.2M-56.9K0.3164.15N/AN/A140438,3573,698
2025-03-26$26.89$27.5026.4%9.3%22.3%24.7%32.1%1.1%5.9%237.2K-2.6M-55.7K0.0771.54N/AN/A13898,3723,712
2025-03-27$26.51$27.5025.9%9.3%21.7%23.7%31.5%1.2%6.8%216.2K-1.9M-54.6K0.0379.21N/AN/A662218,4873,707
2025-03-28$25.31$27.5030.6%10.3%27.3%34.8%38.4%1.5%5.3%148.7K457.8K-47.4K0.5175.16N/AN/A91468,2273,705
2025-03-31$25.37$27.5031.4%10.3%26.8%36.6%36.1%2.7%4.6%148.5K590.4K-46.0K0.4673.96N/AN/A172798,3123,742