OTEX Options History — November 2025

In November 2025, OTEX traded between $32.67 and $38.26. ATM implied volatility averaged 36.8%, placing in the 40.6% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 7.9% (HV 20d: 28.9%). Max pain ranged from $27.50 to $37.50. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 7 of 19 days. Put/call ratio averaged 2.43.

Notable Days

2025-11-11: Highest Volume — 738 contracts
2025-11-07: Largest IV spike — 29.3% change
2025-11-03: Highest IV Rank — 63.2%
2025-11-03: Largest Expected Move — 14.0%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$34.49	$32.67	$38.26	$38.26	$33.62
Max Pain	$30.79	$27.50	$37.50	$37.50	$30.00
ATM IV	36.8%	27.8%	48.7%	48.7%	30.4%
Expected Move	10.1%	8.0%	14.0%	14.0%	8.7%
HV 20d	28.9%	22.2%	31.6%	22.2%	29.8%
HV 60d	27.6%	26.0%	28.1%	26.9%	28.0%
IV Rank	40.6%	23.6%	63.2%	63.2%	28.5%
IV Percentile	67.5%	36.9%	94.8%	94.8%	46.0%
Term Structure	0.2%	-9.1%	10.3%	2.3%	-0.8%
VWIV	33.4%	19.4%	47.8%	47.8%	29.7%
Skew 25d	2.7%	-9.9%	14.1%	14.1%	3.5%
Skew 10d	13.3%	-3.9%	35.3%	9.1%	14.9%
Call IV 25d	34.6%	27.9%	47.0%	45.8%	27.9%
Put IV 25d	37.3%	29.7%	60.9%	59.9%	31.4%
Bid-Ask Spread %	95.38	78.75	111.61	107.42	86.61
Gamma HHI	0.23	0.16	0.29	0.25	0.18
Net GEX	141.4K	72.9K	195.1K	180.3K	98.1K
Net DEX	-3.6M	-8.0M	-2.0M	-8.0M	-3.1M
Net VEX	-12.6K	-20.5K	-7.5K	-20.2K	-9.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.43	0.00	32.55	0.07	0.00
Total Volume	77.105	0	738	43	0
Total OI	5,360.789	3,543	6,021	5,902	3,543

Daily Data (19 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2025-11-03	$38.26	$37.50	48.7%	14.0%	22.2%	63.2%	47.8%	14.1%	2.3%	180.3K	-8.0M	-20.2K	0.07	107.42	N/A	N/A	40	3	4,154	1,748
2025-11-04	$37.39	$37.50	41.7%	11.9%	23.5%	49.8%	42.9%	13.9%	-6.5%	161.0K	-7.0M	-20.5K	0.00	106.11	N/A	N/A	6	0	4,173	1,748
2025-11-05	$37.77	$37.50	48.0%	13.8%	23.3%	61.9%	47.6%	1.9%	-9.1%	178.0K	-7.2M	-17.9K	0.00	78.75	N/A	N/A	91	0	4,175	1,748
2025-11-06	$35.81	$27.50	37.7%	9.5%	28.2%	42.2%	30.0%	-9.9%	2.4%	122.4K	-5.0M	-17.0K	1.97	111.61	N/A	N/A	30	59	4,211	1,756
2025-11-07	$34.50	$27.50	48.7%	9.3%	30.1%	63.1%	33.0%	2.2%	5.4%	136.2K	-3.0M	-15.2K	0.23	103.87	N/A	N/A	47	11	4,217	1,804
2025-11-10	$34.76	$27.50	42.7%	10.5%	29.2%	51.8%	33.3%	-0.6%	-1.1%	127.9K	-3.1M	-14.7K	0.22	92.84	N/A	N/A	9	2	4,199	1,801
2025-11-11	$34.94	$30.00	36.2%	9.6%	29.5%	39.5%	33.0%	3.9%	-0.4%	132.1K	-3.3M	-13.7K	32.55	97.32	N/A	N/A	22	716	4,199	1,803
2025-11-12	$34.91	$30.00	32.9%	9.4%	29.4%	33.2%	33.6%	3.3%	-0.1%	187.0K	-3.1M	-12.9K	1.75	91.85	N/A	N/A	4	7	4,197	1,786
2025-11-13	$34.36	$30.00	37.9%	10.9%	29.6%	42.7%	28.4%	-0.3%	-6.5%	195.1K	-2.4M	-12.2K	0.00	98.90	N/A	N/A	3	0	4,185	1,786
2025-11-14	$33.70	$30.00	31.5%	9.0%	29.5%	30.5%	19.4%	3.0%	-0.9%	172.7K	-2.5M	-12.6K	0.00	94.16	N/A	N/A	11	0	4,185	1,713
2025-11-17	$32.77	$30.00	29.0%	8.3%	30.2%	25.8%	29.8%	-1.0%	7.7%	162.3K	-2.0M	-9.4K	0.40	96.67	N/A	N/A	30	12	4,182	1,521
2025-11-18	$32.96	$30.00	36.1%	10.4%	30.4%	39.3%	28.0%	-4.6%	1.7%	167.2K	-2.0M	-10.5K	6.00	101.47	N/A	N/A	9	54	4,179	1,517
2025-11-19	$33.07	$30.00	30.4%	8.7%	30.6%	28.5%	31.5%	-0.8%	-0.2%	165.4K	-2.4M	-9.6K	0.00	100.55	N/A	N/A	102	0	4,181	1,447
2025-11-20	$32.67	$30.00	29.3%	8.4%	30.6%	26.4%	37.8%	4.5%	10.3%	161.4K	-2.4M	-8.5K	0.29	98.36	N/A	N/A	24	7	4,231	1,360
2025-11-21	$33.09	$30.00	36.8%	10.5%	30.8%	40.6%	35.1%	3.5%	-5.4%	72.9K	-3.5M	-9.6K	0.24	89.30	N/A	N/A	67	16	4,254	1,191
2025-11-24	$33.17	$30.00	39.6%	11.3%	30.9%	45.8%	30.5%	9.9%	9.7%	78.3K	-2.7M	-9.3K	0.02	87.22	N/A	N/A	45	1	2,654	897
2025-11-25	$33.69	$30.00	34.0%	9.7%	31.6%	35.3%	29.3%	1.2%	-3.9%	92.7K	-2.9M	-7.5K	0.08	80.83	N/A	N/A	25	2	2,668	896
2025-11-26	$33.83	$30.00	27.8%	8.0%	29.9%	23.6%	29.7%	3.8%	-0.5%	96.2K	-3.0M	-8.1K	0.00	88.48	N/A	N/A	10	0	2,649	897
2025-11-28	$33.62	$30.00	30.4%	8.7%	29.8%	28.5%	0.0%	3.5%	-0.8%	98.1K	-3.1M	-9.1K	0.00	86.61	N/A	N/A	0	0	2,646	897