OTEX Options History — July 2025

In July 2025, OTEX traded between $27.99 and $30.75. ATM implied volatility averaged 33.0%, placing in the 33.4% IV rank vs the trailing year. The 30-day expected move averaged 9.7%. IV traded above realized volatility by 5.3% (HV 20d: 27.7%). Max pain ranged from $25.00 to $27.50. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 0.38.

Notable Days

  • 2025-07-22: Highest Volume — 729 contracts
  • 2025-07-09: Largest IV spike — 40.6% change
  • 2025-07-31: Highest IV Rank — 53.3%
  • 2025-07-31: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.39$27.99$30.75$29.53$29.52
Max Pain$25.23$25.00$27.50$27.50$25.00
ATM IV33.0%20.8%43.5%20.8%43.5%
Expected Move9.7%6.0%12.5%6.0%12.5%
HV 20d27.7%22.0%30.5%23.1%29.2%
HV 60d26.3%23.7%33.7%33.7%23.7%
IV Rank33.4%10.3%53.3%10.4%53.3%
IV Percentile58.4%2.4%88.9%2.8%88.9%
Term Structure-5.7%-16.8%8.1%7.9%-13.1%
VWIV33.2%20.8%42.7%20.8%39.8%
Skew 25d6.9%-6.4%21.2%-6.4%15.6%
Skew 10d17.6%-12.1%32.0%-12.1%25.4%
Call IV 25d30.0%21.7%38.5%25.2%31.1%
Put IV 25d36.9%18.7%46.8%18.7%46.8%
Bid-Ask Spread %83.6373.3496.7980.2479.42
Gamma HHI0.570.510.640.600.58
Net GEX375.8K291.1K423.1K387.9K395.1K
Net DEX-6.0M-8.6M-3.5M-6.3M-6.0M
Net VEX-22.3K-25.7K-19.1K-25.1K-19.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.380.001.920.200.85
Total Volume119.0911972916124
Total OI6,916.2736,5617,2406,5616,873

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-07-01$29.53$27.5020.8%6.0%23.1%10.4%20.8%-6.4%7.9%387.9K-6.3M-25.1K0.2080.24N/AN/A134275,0631,498
2025-07-02$29.78$27.5020.8%6.0%23.2%10.3%20.8%-2.6%8.1%404.7K-6.8M-25.7K0.5688.45N/AN/A39225,1521,511
2025-07-03$30.06$25.0024.9%8.1%23.2%18.1%26.0%5.6%0.0%391.0K-7.6M-25.3K0.0196.79N/AN/A16215,1721,502
2025-07-07$29.82$25.0022.7%8.2%23.4%13.9%31.4%5.3%-1.7%386.3K-6.9M-25.3K0.2876.81N/AN/A43125,2401,503
2025-07-08$30.11$25.0021.1%8.0%22.0%11.0%28.1%4.8%-0.0%421.5K-7.7M-24.7K0.2878.93N/AN/A88255,2631,503
2025-07-09$28.84$25.0029.7%8.5%27.4%27.2%32.8%7.0%-2.6%366.4K-5.1M-24.3K0.6684.97N/AN/A1891255,3141,523
2025-07-10$29.16$25.0029.5%8.5%27.0%26.9%29.4%9.9%-1.6%403.8K-5.7M-23.7K0.0392.96N/AN/A10935,4131,599
2025-07-11$28.05$25.0036.4%10.4%30.4%39.8%32.5%8.7%-10.7%301.5K-3.7M-22.7K0.1591.34N/AN/A6295,4141,600
2025-07-14$28.11$25.0034.0%9.7%30.3%35.3%33.7%5.7%-6.9%302.0K-3.8M-21.5K0.3282.27N/AN/A126405,4741,607
2025-07-15$27.99$25.0034.8%10.0%29.0%36.8%31.3%5.8%-5.6%291.1K-3.5M-21.1K0.0085.00N/AN/A0225,5821,647
2025-07-16$28.37$25.0034.4%9.9%29.3%36.1%34.7%7.8%-4.1%316.8K-4.1M-22.7K0.1986.38N/AN/A1635,5821,653
2025-07-17$28.71$25.0034.8%10.0%29.5%36.9%31.3%5.3%-3.6%343.8K-4.7M-21.5K0.0080.99N/AN/A2605,5871,653
2025-07-18$28.54$25.0035.7%10.2%29.6%38.6%32.3%7.2%-3.6%328.0K-4.4M-21.8K0.0085.24N/AN/A7605,6011,632
2025-07-21$28.84$25.0032.3%9.3%28.3%32.1%34.1%5.3%-5.8%380.0K-4.5M-20.8K0.1887.40N/AN/A5095,3391,564
2025-07-22$29.84$25.0035.8%10.3%30.5%38.8%35.5%5.4%-12.4%398.2K-7.0M-21.5K0.0278.85N/AN/A716135,3641,562
2025-07-23$30.16$25.0037.1%10.6%28.6%41.2%36.8%4.7%-16.3%391.8K-7.3M-22.4K0.2173.34N/AN/A87185,3031,573
2025-07-24$30.17$25.0037.1%10.6%28.5%41.2%36.8%6.4%-8.8%398.8K-7.3M-21.5K0.8582.07N/AN/A13115,2861,567
2025-07-25$30.75$25.0037.7%10.8%29.1%42.3%38.2%6.8%-7.4%411.4K-8.6M-21.1K0.1079.10N/AN/A209205,2831,576
2025-07-28$30.19$25.0040.1%11.5%29.8%46.8%41.3%4.3%-9.9%419.4K-7.4M-20.5K0.5678.18N/AN/A1695,2851,577
2025-07-29$30.13$25.0039.3%11.3%29.1%45.3%41.0%21.2%-9.8%423.1K-7.3M-20.1K0.6580.72N/AN/A17115,2891,570
2025-07-30$29.90$25.0042.9%12.3%29.0%52.1%42.7%17.7%-16.8%406.0K-6.8M-19.2K1.9290.31N/AN/A13255,2871,572
2025-07-31$29.52$25.0043.5%12.5%29.2%53.3%39.8%15.6%-13.1%395.1K-6.0M-19.1K0.8579.42N/AN/A13115,2961,577