TEX Options History — October 2007

In October 2007, TEX traded between $73.67 and $90.04. ATM implied volatility averaged 44.4%, placing in the 56.8% IV rank vs the trailing year. The 30-day expected move averaged 13.1%. IV traded above realized volatility by 6.0% (HV 20d: 38.5%). Max pain ranged from $80.00 to $90.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 7 of 23 days. Put/call ratio averaged 0.64.

Notable Days

  • 2007-10-09: Highest Volume — 9,782 contracts
  • 2007-10-11: Largest IV spike — 25.8% change
  • 2007-10-19: Highest IV Rank — 82.1%
  • 2007-10-19: Largest Expected Move — 14.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$83.55$73.67$90.04$90.04$74.15
Max Pain$85.87$80.00$90.00$80.00$80.00
ATM IV44.4%36.9%52.1%36.9%42.7%
Expected Move13.1%10.6%14.9%10.6%12.3%
HV 20d38.5%27.3%47.3%46.1%39.8%
HV 60d48.9%46.4%52.4%52.4%48.3%
IV Rank56.8%32.0%82.1%32.0%51.2%
IV Percentile76.4%42.8%97.0%42.8%68.9%
Term Structure-1.0%-5.1%6.0%5.3%1.0%
VWIV45.5%36.9%50.7%36.9%43.0%
Skew 25d4.3%1.6%5.5%4.4%1.6%
Skew 10d7.3%0.9%11.4%8.3%3.3%
Call IV 25d43.5%34.4%49.0%34.4%43.0%
Put IV 25d47.9%38.8%53.6%38.8%44.6%
Bid-Ask Spread %10.526.7215.1812.859.45
Gamma HHI0.190.120.310.200.12
Net GEX2.1M1.9K3.9M3.6M240.6K
Net DEX-83.3M-153.3M-8.1M-153.3M-12.2M
Net VEX-456.1K-482.9K-430.7K-431.8K-435.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.640.152.390.560.68
Total Volume3,0268929,7821,4921,502
Total OI44,993.04332,63352,21945,38340,472

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2007-10-01$90.04$80.0036.9%10.6%46.1%32.0%36.9%4.4%5.3%3.6M-153.3M-431.8K0.5612.85N/AN/A95953328,63116,752
2007-10-02$88.20$80.0037.0%10.6%45.5%32.2%37.9%3.7%6.0%3.5M-133.4M-450.5K0.7215.18N/AN/A69249928,78817,120
2007-10-03$85.28$80.0039.9%11.5%47.3%42.0%40.7%4.7%4.8%3.2M-108.0M-455.6K0.299.49N/AN/A2,81681429,07917,396
2007-10-04$86.03$80.0039.6%11.3%47.3%40.8%41.2%4.6%5.5%3.3M-114.0M-466.7K2.3914.98N/AN/A9682,31129,44417,711
2007-10-05$86.41$90.0038.4%12.8%40.4%37.1%43.9%4.9%-2.9%3.2M-113.8M-479.7K0.327.55N/AN/A75024329,69619,027
2007-10-08$87.76$90.0038.0%12.6%39.8%35.8%44.4%4.8%-2.4%3.5M-130.2M-462.8K0.487.58N/AN/A1,57976129,99219,068
2007-10-09$89.73$90.0038.7%12.9%39.8%37.9%45.1%5.5%-2.4%3.9M-149.2M-466.5K0.526.72N/AN/A6,4263,35630,71719,253
2007-10-10$88.46$90.0038.0%12.9%39.6%35.8%43.8%4.8%-1.9%3.4M-127.2M-477.0K0.257.01N/AN/A1,94247729,64619,787
2007-10-11$86.88$90.0047.9%13.7%40.5%68.1%47.1%5.1%-3.7%3.3M-112.4M-482.3K0.809.36N/AN/A1,4471,16130,29019,506
2007-10-12$88.17$90.0045.6%13.1%40.3%60.5%45.8%5.2%-2.1%3.5M-124.4M-482.9K0.488.52N/AN/A60428830,33220,000
2007-10-15$86.56$90.0049.7%14.2%40.9%74.2%49.5%5.3%-4.3%3.1M-106.0M-465.9K0.298.76N/AN/A1,03729929,99619,964
2007-10-16$85.16$90.0049.8%14.3%31.8%74.3%49.6%5.0%-3.9%2.8M-93.0M-462.4K0.969.80N/AN/A71067930,19020,011
2007-10-17$84.76$90.0048.9%14.0%28.8%71.6%49.2%5.0%-3.8%2.6M-87.9M-460.7K0.7815.11N/AN/A1,8671,46330,31020,395
2007-10-18$85.62$90.0048.9%14.0%27.3%71.7%49.3%4.9%-3.3%2.5M-99.8M-466.9K0.2911.58N/AN/A3,36499131,03921,180
2007-10-19$81.52$90.0052.1%14.9%32.4%82.1%50.6%4.6%-5.1%1.5M-68.7M-439.7K0.4412.36N/AN/A1,84581131,19620,641
2007-10-22$80.18$85.0051.0%14.6%32.6%78.3%50.7%5.1%-3.6%244.3K-35.2M-430.7K0.9511.13N/AN/A1,6121,53618,70913,924
2007-10-23$82.17$85.0048.6%13.9%32.6%70.7%47.2%4.8%-2.6%284.6K-42.3M-445.7K0.158.72N/AN/A3,28648819,12614,767
2007-10-24$82.93$85.0049.5%14.2%32.3%73.7%50.5%5.4%-3.8%542.7K-49.3M-463.8K0.9814.09N/AN/A1,8691,83320,27914,923
2007-10-25$77.13$85.0045.2%13.0%39.1%59.4%44.7%3.0%0.1%12.6K-18.6M-436.3K0.7513.37N/AN/A4,5833,42321,05615,708
2007-10-26$74.90$85.0044.3%12.7%39.9%56.4%44.6%1.9%0.7%1.9K-10.6M-439.9K0.689.37N/AN/A1,4671,00122,37016,577
2007-10-29$75.94$80.0045.1%12.9%40.0%59.1%45.0%2.9%-0.3%73.5K-17.8M-448.0K0.698.91N/AN/A1,5751,08922,76216,897
2007-10-30$73.67$80.0045.9%13.1%40.6%61.5%46.0%2.3%-0.1%84.7K-8.1M-439.7K0.3010.01N/AN/A2,02861423,44616,667
2007-10-31$74.15$80.0042.7%12.3%39.8%51.2%43.0%1.6%1.0%240.6K-12.2M-435.2K0.689.45N/AN/A89360923,99316,479