OTEX Options History — April 2025

In April 2025, OTEX traded between $22.86 and $27.10. ATM implied volatility averaged 46.9%, placing in the 60.4% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded below realized volatility by 0.3% (HV 20d: 47.2%). 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 1 of 21 days. Put/call ratio averaged 1.35.

Notable Days

  • 2025-04-24: Highest Volume — 1,757 contracts
  • 2025-04-04: Largest IV spike — 88.1% change
  • 2025-04-04: Highest IV Rank — 100.0%
  • 2025-04-21: Largest Expected Move — 17.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$25.42$22.86$27.10$25.27$26.93
Max Pain$27.50$27.50$27.50$27.50$27.50
ATM IV46.9%30.1%68.2%30.1%46.9%
Expected Move13.3%10.4%17.8%10.4%13.4%
HV 20d47.2%26.4%55.3%26.4%52.2%
HV 60d35.1%26.7%38.3%26.7%37.9%
IV Rank60.4%33.6%100.0%33.6%59.2%
IV Percentile91.1%57.1%100.0%57.1%95.2%
Term Structure-9.9%-30.3%5.9%5.9%-12.0%
VWIV43.8%37.3%49.4%39.0%49.4%
Skew 25d5.1%-5.5%20.9%3.3%3.1%
Skew 10d7.8%-10.4%22.8%7.3%4.7%
Call IV 25d41.2%31.3%52.9%31.3%48.1%
Put IV 25d46.3%34.6%64.8%34.6%51.2%
Bid-Ask Spread %83.6560.51105.8574.8873.86
Gamma HHI0.390.310.460.380.37
Net GEX160.6K69.8K278.2K141.0K260.6K
Net DEX-140.5K-3.0M2.9M774.2K-2.5M
Net VEX-44.2K-47.8K-36.4K-45.2K-44.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.350.009.530.330.98
Total Volume205.95271,75784409
Total OI12,166.85711,75712,36212,08712,178

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-04-01$25.27$27.5030.1%10.4%26.4%33.6%39.0%3.3%5.9%141.0K774.2K-45.2K0.3374.88N/AN/A63218,3143,773
2025-04-02$25.88$27.5033.2%10.5%27.3%40.9%37.3%5.0%-2.4%174.4K-302.3K-47.8K0.6860.51N/AN/A28198,3653,782
2025-04-03$24.70$27.5036.3%10.9%31.9%48.0%0.0%3.1%-18.2%116.4K1.4M-43.0K2.0077.65N/AN/A368,3883,794
2025-04-04$24.37$27.5068.2%17.5%31.5%100.0%48.3%-4.3%-30.3%117.9K820.0K-45.8K0.95105.85N/AN/A1321268,3913,793
2025-04-07$22.86$27.5064.5%15.5%38.0%93.0%42.3%-1.7%-8.2%69.8K2.9M-36.4K1.31100.32N/AN/A13178,5143,841
2025-04-08$22.96$27.5056.2%15.9%38.2%77.1%38.5%0.1%-6.1%70.8K2.8M-36.6K9.5381.77N/AN/A171628,5103,835
2025-04-09$25.21$27.5044.0%12.6%51.8%53.7%45.8%-5.5%-4.6%142.3K356.1K-46.1K5.00100.96N/AN/A17858,5223,831
2025-04-10$24.38$27.5047.6%13.7%53.1%60.7%46.8%9.5%-23.7%111.7K1.2M-43.1K0.00104.43N/AN/A708,5253,832
2025-04-11$25.07$27.5046.0%13.2%52.8%57.5%43.3%5.6%-5.0%135.6K460.4K-45.4K0.0289.71N/AN/A14238,5303,832
2025-04-14$25.59$27.5044.2%12.7%53.4%54.1%43.6%-5.1%-5.9%151.3K-220.1K-46.0K5.4295.91N/AN/A12658,4753,831
2025-04-15$25.57$27.5043.2%12.4%53.4%52.2%40.6%8.6%-6.2%146.2K92.1K-44.9K0.1278.44N/AN/A6988,4813,842
2025-04-16$25.43$27.5045.3%13.0%53.2%56.2%46.0%9.6%-6.7%138.1K267.8K-43.6K0.0572.47N/AN/A334188,5103,811
2025-04-17$25.48$27.5043.2%12.4%53.2%52.2%43.8%8.0%-5.5%143.4K82.5K-43.3K0.1382.32N/AN/A2438,4273,801
2025-04-21$24.91$27.5062.2%17.8%53.7%88.6%46.9%20.9%-19.9%136.8K-82.5K-43.9K0.3398.65N/AN/A1248,0653,692
2025-04-22$25.48$27.5045.1%12.9%53.5%55.8%45.7%7.5%-6.6%140.4K312.5K-41.5K0.5176.41N/AN/A71368,0753,696
2025-04-23$25.87$27.5046.4%13.3%53.7%58.2%39.1%12.5%-9.1%168.1K-628.5K-44.3K0.1085.32N/AN/A4858,1343,724
2025-04-24$26.82$27.5044.6%12.8%55.3%54.8%44.6%6.4%-8.4%213.5K-2.1M-46.5K0.1071.96N/AN/A1,5901678,1413,723
2025-04-25$26.96$27.5043.5%12.5%55.1%52.7%42.0%7.1%-10.9%257.8K-2.7M-46.3K0.0684.91N/AN/A12988,3673,763
2025-04-28$26.97$27.5048.0%13.8%52.2%61.4%47.3%5.8%-13.1%258.5K-2.9M-46.8K0.5064.88N/AN/A30158,4283,761
2025-04-29$27.10$27.5046.3%13.3%52.2%58.2%46.3%7.3%-11.7%278.2K-3.0M-46.3K0.2075.33N/AN/A338698,4473,760
2025-04-30$26.93$27.5046.9%13.4%52.2%59.2%49.4%3.1%-12.0%260.6K-2.5M-44.9K0.9873.86N/AN/A2072028,3853,793