OTEX Options History — February 2026

In February 2026, OTEX traded between $22.76 and $26.15. ATM implied volatility averaged 43.3%, placing in the 50.4% IV rank vs the trailing year. The 30-day expected move averaged 12.3%. IV traded below realized volatility by 11.7% (HV 20d: 55.0%). Max pain ranged from $22.50 to $30.00. Net GEX was positive for 1 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 2.86.

Notable Days

  • 2026-02-20: Highest Volume — 1,026 contracts
  • 2026-02-05: Largest IV spike — 35.0% change
  • 2026-02-05: Highest IV Rank — 81.6%
  • 2026-02-02: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.43$22.76$26.15$24.80$24.84
Max Pain$25.26$22.50$30.00$30.00$25.00
ATM IV43.3%39.5%60.6%49.7%39.5%
Expected Move12.3%11.3%14.3%14.3%11.3%
HV 20d55.0%32.8%62.4%32.8%61.0%
HV 60d36.3%26.8%40.2%26.8%40.2%
IV Rank50.4%43.6%81.6%62.0%43.6%
IV Percentile81.4%71.0%97.2%93.7%71.0%
Term Structure-2.1%-9.1%1.0%-5.4%1.0%
VWIV45.1%38.7%61.3%47.0%38.7%
Skew 25d2.8%-13.7%9.9%-7.0%3.9%
Skew 10d17.6%-10.0%51.1%19.1%34.5%
Call IV 25d44.2%39.3%51.6%47.6%40.8%
Put IV 25d47.0%36.2%56.3%40.6%44.6%
Bid-Ask Spread %96.0187.96107.44105.9094.53
Gamma HHI0.420.190.750.430.35
Net GEX-63.3K-277.8K2.3K-33.7K-10.5K
Net DEX940.0K-237.7K1.8M1.1M90.8K
Net VEX-10.6K-12.7K-6.3K-7.2K-11.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.860.0530.094.481.28
Total Volume317.105461,02633489
Total OI5,002.5263,9655,8544,2414,452

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2026-02-02$24.80$30.0049.7%14.3%32.8%62.0%47.0%-7.0%-5.4%-33.7K1.1M-7.2K4.48105.90N/AN/A612732,7971,444
2026-02-03$23.09$30.0042.7%12.2%37.6%49.3%45.4%-13.7%-1.9%-23.6K1.8M-6.3K0.86107.44N/AN/A2342022,8341,513
2026-02-04$23.52$27.5044.9%12.9%39.1%53.3%61.3%4.4%-9.1%-12.6K1.4M-7.7K1.0199.87N/AN/A3693713,0401,550
2026-02-05$22.76$25.0060.6%13.3%38.9%81.6%46.7%4.7%-3.2%-1.7K1.7M-9.1K0.13102.17N/AN/A152193,3651,903
2026-02-06$24.90$25.0042.3%13.0%53.9%48.7%46.6%9.9%-1.8%-2.1K464.2K-10.9K0.05102.84N/AN/A595293,4481,907
2026-02-09$25.24$25.0040.6%12.1%54.3%45.5%42.6%-1.2%-1.6%-58.1K470.8K-9.9K4.4695.09N/AN/A612723,0191,839
2026-02-10$26.15$25.0041.4%12.1%55.5%47.1%44.0%5.8%-1.7%-50.6K-237.7K-10.7K0.9588.14N/AN/A1081033,0482,067
2026-02-11$24.23$25.0040.8%11.7%60.0%46.0%41.3%5.0%-1.9%-74.5K1.5M-10.4K0.9394.72N/AN/A1521413,0912,160
2026-02-12$23.80$25.0043.5%12.5%59.5%50.8%45.8%4.3%-0.9%-80.8K1.5M-11.1K0.9496.16N/AN/A2011883,2102,200
2026-02-13$24.51$25.0041.6%11.9%61.2%47.5%43.4%4.0%-1.0%-87.9K1.1M-12.3K0.0595.60N/AN/A9153,3652,344
2026-02-17$24.30$25.0042.0%12.0%60.9%48.1%43.4%2.8%-1.3%-78.1K1.5M-10.9K0.5394.69N/AN/A30163,4052,349
2026-02-18$24.83$25.0040.3%11.5%60.9%45.0%40.7%2.0%-1.2%-177.7K1.0M-11.5K2.4187.96N/AN/A22533,4092,351
2026-02-19$24.73$25.0040.5%11.6%60.9%45.3%42.3%2.5%-0.6%-150.2K1.2M-11.2K5.1094.66N/AN/A211073,4182,395
2026-02-20$24.76$25.0040.2%11.5%60.5%44.8%48.8%5.9%-0.9%-277.8K1.2M-11.0K30.0996.00N/AN/A339933,4172,437
2026-02-23$23.83$25.0043.0%12.3%61.5%49.9%47.9%5.1%-1.4%-50.1K1.2M-12.0K0.4789.51N/AN/A4672201,5932,372
2026-02-24$24.12$22.5044.5%12.8%61.7%52.6%47.0%2.4%-3.0%-22.2K686.2K-12.7K0.1893.98N/AN/A124222,0202,394
2026-02-25$24.58$22.5040.6%11.6%62.3%45.5%40.8%6.9%-1.1%-13.1K314.2K-12.4K0.1295.75N/AN/A4152,0282,408
2026-02-26$25.18$22.5043.5%12.5%62.4%50.8%43.5%5.3%-3.8%2.3K-208.3K-12.5K0.2689.12N/AN/A123322,0442,412
2026-02-27$24.84$25.0039.5%11.3%61.0%43.6%38.7%3.9%1.0%-10.5K90.8K-11.9K1.2894.53N/AN/A39502,0192,433