OTEX Options History — January 2026

In January 2026, OTEX traded between $25.52 and $33.58. ATM implied volatility averaged 39.2%, placing in the 43.7% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 15.5% (HV 20d: 23.7%). Max pain ranged from $30.00 to $35.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 7 of 20 days. Put/call ratio averaged 0.87.

Notable Days

  • 2026-01-28: Highest Volume — 866 contracts
  • 2026-01-13: Largest IV spike — 105.0% change
  • 2026-01-13: Highest IV Rank — 100.0%
  • 2026-01-30: Largest Expected Move — 15.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.27$25.52$33.58$31.75$25.52
Max Pain$30.25$30.00$35.00$35.00$30.00
ATM IV39.2%21.6%70.8%21.6%52.2%
Expected Move10.3%6.2%15.0%6.2%15.0%
HV 20d23.7%15.3%32.7%15.3%32.7%
HV 60d24.0%21.6%26.6%22.7%26.6%
IV Rank43.7%12.0%100.0%12.0%66.6%
IV Percentile64.7%4.8%100.0%4.8%95.2%
Term Structure-0.3%-11.4%20.4%6.1%-5.2%
VWIV35.0%22.8%52.3%29.9%52.3%
Skew 25d6.9%-5.6%16.9%2.2%-1.4%
Skew 10d11.8%-9.5%33.6%10.6%-4.9%
Call IV 25d31.9%20.0%47.5%23.5%47.5%
Put IV 25d38.8%25.7%54.7%25.7%46.1%
Bid-Ask Spread %109.0295.53121.88119.35110.45
Gamma HHI0.270.190.430.310.42
Net GEX-2.2K-52.2K42.9K-372-46.7K
Net DEX-176.4K-1.3M1.2M-498.0K1.0M
Net VEX-5.6K-7.2K-4.2K-6.0K-7.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.870.006.870.170.02
Total Volume190.41186627334
Total OI2,856.82,6033,9642,6033,964

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-01-02$31.75$35.0021.6%6.2%15.3%12.0%0.0%2.2%6.1%-372-498.0K-6.0K0.17119.35N/AN/A2341,870733
2026-01-05$32.14$30.0031.6%10.0%16.0%30.8%29.9%16.6%-2.8%9.7K-537.9K-5.9K0.03114.34N/AN/A2911,876730
2026-01-06$32.20$30.0036.6%9.1%16.1%40.2%31.8%2.9%-0.1%4.2K-569.9K-5.6K0.07102.64N/AN/A175121,879731
2026-01-07$32.30$30.0064.0%8.9%16.1%92.1%31.8%12.8%-1.9%14.1K-697.6K-5.7K0.16109.50N/AN/A3861,883732
2026-01-08$32.62$30.0041.1%9.6%16.7%48.7%30.0%5.2%-1.7%19.2K-742.4K-5.6K0.00106.23N/AN/A1101,919734
2026-01-09$32.80$30.0030.7%10.5%16.9%29.1%29.4%6.7%3.6%17.8K-802.1K-5.5K0.29111.53N/AN/A2161,916734
2026-01-12$33.58$30.0034.5%9.8%19.0%36.3%22.8%12.0%-7.4%42.9K-1.3M-5.5K0.58121.88N/AN/A19111,927736
2026-01-13$33.04$30.0070.8%11.4%19.6%100.0%34.9%12.7%-1.2%35.6K-1.0M-6.5K0.14107.02N/AN/A162231,935744
2026-01-14$31.90$30.0033.2%9.5%22.9%32.2%32.3%5.7%-5.8%7.5K-630.1K-5.9K0.40112.21N/AN/A177711,994763
2026-01-15$30.91$30.0043.1%12.4%25.1%50.1%27.7%16.1%-11.4%1.6K-349.7K-6.9K0.33109.96N/AN/A43142,045833
2026-01-16$30.08$30.0035.9%10.3%26.1%37.1%36.0%5.1%-1.9%-18.2K-5.1K-6.6K2.0998.15N/AN/A2575382,087838
2026-01-20$28.91$30.0036.1%10.4%28.7%37.5%35.1%3.0%2.8%-1.3K90.5K-4.2K3.78117.15N/AN/A361362,060601
2026-01-21$28.61$30.0039.9%11.4%28.7%44.3%38.4%0.0%12.6%-7.2K148.9K-4.6K0.24101.42N/AN/A42102,075679
2026-01-22$28.99$30.0025.1%7.2%28.0%17.6%29.4%14.1%20.4%-16.3K175.6K-4.6K1.19112.59N/AN/A54642,116717
2026-01-23$28.77$30.0033.0%9.5%27.9%31.8%34.2%7.7%-8.4%-13.4K222.6K-5.1K0.0995.74N/AN/A5452,125766
2026-01-26$28.99$30.0039.0%11.2%28.4%42.6%37.2%-3.4%-3.9%-10.5K115.1K-5.3K0.02104.45N/AN/A4212,139766
2026-01-27$28.43$30.0040.8%11.7%28.5%45.9%0.0%9.5%0.7%-12.7K162.9K-5.0K0.00110.18N/AN/A3102,142766
2026-01-28$27.49$30.0025.8%7.4%29.9%18.9%48.6%-5.6%4.4%-18.0K481.1K-4.5K6.87120.11N/AN/A1107562,169765
2026-01-29$26.36$30.0049.1%14.1%31.9%60.9%48.8%16.9%-4.8%-52.2K1.2M-6.5K1.0295.53N/AN/A2432492,2461,401
2026-01-30$25.52$30.0052.2%15.0%32.7%66.6%52.3%-1.4%-5.2%-46.7K1.0M-7.2K0.02110.45N/AN/A32862,4701,494