OTEX Options History — August 2025

In August 2025, OTEX traded between $28.13 and $33.16. ATM implied volatility averaged 32.1%, placing in the 31.8% IV rank vs the trailing year. The 30-day expected move averaged 7.3%. IV traded below realized volatility by 12.2% (HV 20d: 44.3%). Max pain ranged from $25.00 to $30.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 13 of 21 days. Put/call ratio averaged 1.16.

Notable Days

  • 2025-08-14: Highest Volume — 824 contracts
  • 2025-08-08: Largest IV drop — 47.5% change
  • 2025-08-07: Highest IV Rank — 89.3%
  • 2025-08-01: Largest Expected Move — 14.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$31.02$28.13$33.16$28.42$33.16
Max Pain$29.76$25.00$30.00$25.00$30.00
ATM IV32.1%17.4%62.5%50.8%23.1%
Expected Move7.3%5.0%14.6%14.6%6.6%
HV 20d44.3%29.0%49.7%31.8%46.2%
HV 60d32.2%25.0%35.1%25.0%35.1%
IV Rank31.8%3.9%89.3%67.1%14.8%
IV Percentile40.2%1.2%99.2%97.6%11.9%
Term Structure1.8%-13.4%16.1%-13.4%0.6%
VWIV26.9%17.2%48.5%48.5%23.1%
Skew 25d3.7%-9.7%10.1%10.1%5.5%
Skew 10d9.9%-12.2%27.8%23.4%5.9%
Call IV 25d24.1%15.0%41.8%41.8%21.0%
Put IV 25d27.8%15.6%51.9%51.9%26.5%
Bid-Ask Spread %87.1071.14109.3986.1382.48
Gamma HHI0.480.300.920.580.39
Net GEX255.5K17.0K837.5K309.1K108.9K
Net DEX-5.0M-12.2M-2.1M-3.8M-3.5M
Net VEX-14.0K-17.2K-11.3K-17.1K-14.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.160.0011.680.420.03
Total Volume200.238128246170
Total OI5,469.6193,1578,7506,8883,697

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2025-08-01$28.42$25.0050.8%14.6%31.8%67.1%48.5%10.1%-13.4%309.1K-3.8M-17.1K0.4286.13N/AN/A43185,3001,588
2025-08-04$28.93$30.0051.8%9.2%32.5%69.0%35.5%2.8%-1.4%350.1K-4.9M-17.0K0.4284.53N/AN/A1255,3221,599
2025-08-05$28.70$30.0061.8%7.3%32.3%88.0%0.0%-0.2%16.1%330.0K-4.5M-17.2K0.0099.99N/AN/A1205,3301,599
2025-08-06$29.10$30.0055.0%9.7%29.0%75.0%0.0%4.8%-3.7%372.2K-4.9M-16.5K0.53109.39N/AN/A1585,3341,599
2025-08-07$28.13$30.0062.5%9.7%31.1%89.3%35.9%-0.8%-2.5%287.9K-3.1M-14.6K0.1187.55N/AN/A218255,3421,595
2025-08-08$30.98$30.0032.9%5.9%44.1%33.2%24.7%-2.2%0.9%659.9K-10.0M-14.8K0.5387.65N/AN/A2311225,5031,617
2025-08-11$30.16$30.0039.5%7.4%45.5%45.8%24.8%3.1%4.4%763.2K-8.0M-14.3K0.0492.50N/AN/A542195,5921,630
2025-08-12$29.38$30.0030.7%5.6%46.7%29.1%17.2%8.5%13.3%837.5K-4.7M-12.6K1.4997.67N/AN/A1562335,6851,630
2025-08-13$30.91$30.0020.4%5.9%49.6%9.6%26.1%6.0%2.6%624.2K-9.9M-13.9K3.7087.58N/AN/A1114115,7971,800
2025-08-14$31.16$30.0022.2%6.4%49.6%13.0%34.4%-2.2%-3.3%102.7K-12.0M-11.3K11.68103.33N/AN/A657595,8262,209
2025-08-15$31.75$30.0019.3%5.5%49.7%7.5%21.5%7.7%7.3%25.3K-12.2M-12.7K1.1685.33N/AN/A50585,8002,950
2025-08-18$31.73$30.0024.5%7.0%49.7%17.4%27.6%-9.7%-0.0%17.0K-2.1M-12.4K0.0676.21N/AN/A7851,5851,572
2025-08-19$31.41$30.0025.2%7.2%48.7%18.6%25.2%3.5%-8.6%22.7K-2.1M-12.7K0.3075.90N/AN/A2061,6511,575
2025-08-20$32.12$30.0024.0%6.9%49.1%16.5%24.0%7.7%0.1%42.9K-2.6M-12.1K0.5771.60N/AN/A47271,6741,579
2025-08-21$31.91$30.0024.9%7.1%49.3%18.1%25.0%8.1%-0.3%42.8K-2.4M-13.2K0.0786.33N/AN/A6751,7081,595
2025-08-22$32.67$30.0023.9%6.8%49.5%16.2%23.9%4.8%0.3%78.8K-2.9M-12.9K0.2180.01N/AN/A73151,7581,591
2025-08-25$32.40$30.0022.9%6.6%49.0%14.3%22.9%9.3%0.7%82.1K-2.8M-12.3K0.3676.93N/AN/A207741,7881,605
2025-08-26$32.24$30.0023.3%6.7%49.1%15.1%23.3%2.9%0.1%86.1K-2.7M-13.1K0.0471.14N/AN/A308121,8391,618
2025-08-27$32.99$30.0018.4%5.3%49.4%5.8%22.1%2.0%12.7%110.3K-3.4M-14.3K2.33101.17N/AN/A15352,0631,626
2025-08-28$33.11$30.0017.4%5.0%48.9%3.9%25.7%5.6%11.1%111.9K-3.4M-14.2K0.2785.59N/AN/A2262,0691,622
2025-08-29$33.16$30.0023.1%6.6%46.2%14.8%23.1%5.5%0.6%108.9K-3.5M-14.3K0.0382.48N/AN/A6822,0731,624