TEX Options History — June 2009

In June 2009, TEX traded between $11.60 and $15.15. ATM implied volatility averaged 70.3%, placing in the 27.9% IV rank vs the trailing year. The 30-day expected move averaged 20.2%. IV traded below realized volatility by 8.4% (HV 20d: 78.7%). Max pain ranged from $14.00 to $15.00. Net GEX was positive for 18 of 22 trading days. Term structure was in contango for 22 of 22 days. Put/call ratio averaged 0.92.

Notable Days

  • 2009-06-05: Highest Volume — 11,886 contracts
  • 2009-06-22: Largest IV spike — 11.0% change
  • 2009-06-01: Highest IV Rank — 34.1%
  • 2009-06-22: Largest Expected Move — 21.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$13.40$11.60$15.15$14.37$12.07
Max Pain$14.05$14.00$15.00$15.00$14.00
ATM IV70.3%59.6%76.3%74.6%59.6%
Expected Move20.2%17.1%21.9%21.4%17.1%
HV 20d78.7%55.4%107.8%107.8%55.5%
HV 60d96.5%88.3%103.1%103.0%88.3%
IV Rank27.9%17.5%34.1%34.1%17.5%
IV Percentile27.5%14.3%35.7%32.9%14.3%
Term Structure4.9%0.7%10.2%2.7%9.8%
VWIV69.9%60.0%75.9%74.9%60.0%
Skew 25d8.9%5.9%12.0%8.3%9.3%
Skew 10d15.6%-2.6%25.6%13.0%20.9%
Call IV 25d66.7%56.3%71.7%69.4%56.3%
Put IV 25d75.5%65.6%80.1%77.7%65.6%
Bid-Ask Spread %13.479.5120.3620.369.51
Gamma HHI0.160.120.300.130.16
Net GEX152.6K-217.2K532.1K437.4K95.1K
Net DEX-7.5M-32.8M9.2M-21.7M4.2M
Net VEX-243.9K-284.1K-196.7K-254.5K-212.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.920.053.951.060.42
Total Volume3,909.54550111,8868,2951,848
Total OI130,742.409112,585144,961122,473120,662

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-06-01$14.37$15.0074.6%21.4%107.8%34.1%74.9%8.3%2.7%437.4K-21.7M-254.5K1.0620.36N/AN/A4,0324,26384,06438,409
2009-06-02$14.17$14.0074.0%21.2%106.7%33.5%74.5%7.0%2.4%326.2K-19.1M-251.2K0.3216.07N/AN/A1,90160685,04740,801
2009-06-03$13.76$14.0072.8%20.9%106.1%32.5%73.4%7.4%5.2%274.9K-15.1M-242.7K0.5416.73N/AN/A1,8671,01485,50640,436
2009-06-04$14.59$14.0070.6%20.2%107.7%30.6%70.6%6.6%3.8%409.9K-24.9M-261.2K0.3313.26N/AN/A2,61185786,53741,062
2009-06-05$15.15$14.0071.6%20.7%105.8%31.4%72.7%7.8%4.2%532.1K-32.8M-269.2K1.7114.51N/AN/A4,3907,49686,96441,180
2009-06-08$14.62$14.0073.2%21.0%90.2%29.8%74.3%8.0%1.7%349.7K-22.3M-276.7K3.9516.49N/AN/A1,5366,07387,64247,013
2009-06-09$14.58$14.0071.3%20.7%82.0%28.1%68.9%12.0%3.3%284.1K-18.9M-284.1K1.0414.55N/AN/A1,1881,24088,30551,559
2009-06-10$14.42$14.0069.5%20.6%80.6%26.5%71.0%10.6%2.9%232.0K-16.1M-275.7K1.0114.18N/AN/A1,0411,05188,36652,239
2009-06-11$14.41$14.0070.1%20.1%73.2%27.0%70.1%9.3%4.9%215.6K-16.0M-275.9K0.3513.63N/AN/A37212988,68352,932
2009-06-12$14.47$14.0070.8%20.3%72.1%27.6%65.6%11.6%4.5%221.3K-16.1M-273.4K0.1711.42N/AN/A1,84132188,82152,991
2009-06-15$13.69$14.0072.0%20.7%74.8%28.7%75.9%11.0%4.2%34.6K-5.2M-254.9K1.0014.73N/AN/A1,5461,54189,06853,120
2009-06-16$13.09$14.0076.2%21.8%71.3%32.5%73.4%11.1%0.7%-92.1K2.9M-231.8K0.8112.64N/AN/A1,5891,29489,48752,735
2009-06-17$12.89$14.0075.5%21.6%69.4%31.9%74.3%7.4%2.7%-115.0K5.4M-225.2K0.5211.52N/AN/A1,51978790,08653,128
2009-06-18$12.58$14.0073.2%21.0%69.4%29.8%74.2%10.3%3.5%-119.3K9.2M-214.0K1.4812.39N/AN/A2,5643,79590,37752,895
2009-06-19$12.67$14.0068.8%19.7%65.8%25.8%68.4%8.8%6.1%-217.2K6.1M-223.8K3.6114.89N/AN/A7592,73892,00352,958
2009-06-22$11.60$14.0076.3%21.9%71.4%32.6%74.0%8.1%4.3%13.5K8.5M-196.7K1.0912.13N/AN/A2,3052,51570,09442,491
2009-06-23$11.96$14.0068.6%19.7%71.6%25.6%69.6%8.6%6.4%32.7K6.3M-210.5K0.0512.31N/AN/A6,49933871,87942,746
2009-06-24$12.25$14.0068.7%19.7%72.7%25.7%68.4%8.4%7.1%79.3K1.6M-232.0K0.1110.61N/AN/A3,32037376,92142,757
2009-06-25$12.68$14.0065.3%18.7%61.4%22.6%60.9%8.8%7.0%131.5K-2.2M-238.8K0.0611.91N/AN/A4,22925978,73542,611
2009-06-26$12.40$14.0062.5%17.9%61.6%20.0%62.0%5.9%9.3%137.9K-553.4K-234.3K0.4010.70N/AN/A91736580,21342,500
2009-06-29$12.30$14.0061.6%17.7%55.4%19.3%60.5%8.8%10.2%93.3K1.2M-226.8K0.2011.72N/AN/A90417777,83142,479
2009-06-30$12.07$14.0059.6%17.1%55.5%17.5%60.0%9.3%9.8%95.1K4.2M-212.1K0.429.51N/AN/A1,30354578,16542,497