TEX Options History — July 2009

In July 2009, TEX traded between $10.60 and $15.18. ATM implied volatility averaged 63.8%, placing in the 21.2% IV rank vs the trailing year. The 30-day expected move averaged 18.6%. IV traded above realized volatility by 9.0% (HV 20d: 54.8%). Max pain ranged from $11.00 to $14.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 10 of 22 days. Put/call ratio averaged 0.48.

Notable Days

  • 2009-07-21: Highest Volume — 19,366 contracts
  • 2009-07-02: Largest IV spike — 13.9% change
  • 2009-07-08: Highest IV Rank — 30.2%
  • 2009-07-06: Largest Expected Move — 21.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$12.75$10.60$15.18$12.15$15.18
Max Pain$11.95$11.00$14.00$14.00$13.00
ATM IV63.8%56.6%73.7%57.4%57.3%
Expected Move18.6%16.2%21.1%16.4%16.4%
HV 20d54.8%48.7%63.8%55.1%55.4%
HV 60d81.7%76.5%88.4%88.3%76.8%
IV Rank21.2%14.7%30.2%15.4%15.3%
IV Percentile17.8%10.3%31.0%12.3%10.7%
Term Structure0.4%-5.1%12.0%12.0%3.3%
VWIV64.7%56.7%76.6%57.4%58.1%
Skew 25d8.3%4.0%11.3%4.0%8.2%
Skew 10d16.8%12.4%22.9%20.0%18.2%
Call IV 25d61.1%53.3%70.0%56.7%53.5%
Put IV 25d69.4%60.7%80.0%60.7%61.6%
Bid-Ask Spread %15.257.7920.3710.3819.06
Gamma HHI0.240.170.360.170.27
Net GEX360.8K53.0K859.1K90.2K859.1K
Net DEX-8.8M-40.6M12.2M3.2M-40.6M
Net VEX-252.8K-362.5K-175.4K-215.6K-362.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.480.111.690.180.53
Total Volume5,0711,14819,3665,9024,864
Total OI125,087.182100,051134,841121,228130,396

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-07-01$12.15$14.0057.4%16.4%55.1%15.4%57.4%4.0%12.0%90.2K3.2M-215.6K0.1810.38N/AN/A4,99890478,41542,813
2009-07-02$11.51$14.0065.3%18.7%52.0%22.6%61.1%10.4%5.0%100.4K6.2M-207.2K0.207.79N/AN/A1,13223182,20143,080
2009-07-06$11.06$12.0070.4%21.1%49.4%27.2%76.6%11.3%-3.8%85.0K10.0M-187.9K0.5416.03N/AN/A2,0501,11082,85442,864
2009-07-07$10.80$11.0070.5%21.1%48.9%27.3%74.1%8.3%-2.1%80.7K10.7M-184.9K0.3512.83N/AN/A1,29345584,36843,312
2009-07-08$10.60$11.0073.7%20.9%48.7%30.2%75.1%10.2%-1.2%73.9K11.6M-176.3K0.2716.38N/AN/A3,11183485,27643,372
2009-07-09$10.60$11.0070.1%20.9%49.0%26.9%73.0%9.5%-2.5%75.5K11.2M-175.4K1.6920.37N/AN/A9851,66385,86343,445
2009-07-10$10.60$11.0064.1%20.7%49.1%21.5%73.5%10.9%-3.1%53.0K12.2M-176.1K0.9316.32N/AN/A1,3131,21886,68144,501
2009-07-13$11.07$11.0070.0%20.7%52.9%26.9%69.3%10.2%-3.8%78.3K9.8M-190.1K0.2617.29N/AN/A1,83047787,24144,385
2009-07-14$11.26$11.0066.3%20.2%51.5%23.5%68.9%7.8%-1.1%106.6K8.4M-193.7K0.5316.75N/AN/A74840088,63844,512
2009-07-15$12.16$11.0069.4%19.6%58.2%26.3%65.8%11.2%-2.8%225.0K929.5K-225.9K0.2715.42N/AN/A2,89476889,01844,804
2009-07-16$12.75$11.0065.6%18.8%60.8%22.8%66.5%6.7%-0.0%310.1K-4.7M-237.8K0.4719.63N/AN/A2,3061,07789,91444,927
2009-07-17$12.99$11.0062.3%17.9%60.5%19.8%59.9%9.7%2.5%291.7K-7.4M-244.1K0.1415.06N/AN/A4,08556189,37944,799
2009-07-20$13.78$11.0059.1%16.9%63.8%17.0%57.9%8.3%-0.1%332.6K-15.2M-261.4K0.2216.77N/AN/A7,0891,54270,38229,669
2009-07-21$13.66$12.0065.4%18.7%54.0%22.7%64.5%6.8%-2.7%398.4K-16.1M-277.6K0.6116.99N/AN/A12,0657,30175,72430,461
2009-07-22$13.58$12.0067.9%19.5%53.6%25.0%69.0%6.2%-5.1%535.0K-19.2M-282.6K0.6516.28N/AN/A3,9762,59383,75529,470
2009-07-23$14.38$12.0059.4%17.0%56.2%17.2%60.0%7.6%1.6%663.7K-26.8M-304.8K0.6916.35N/AN/A6,9104,73685,63231,056
2009-07-24$14.15$12.0057.4%16.5%56.0%15.4%56.7%8.5%3.0%674.4K-25.6M-315.5K0.5514.27N/AN/A6,1973,39688,22533,542
2009-07-27$14.72$13.0057.1%16.4%56.2%15.2%60.3%9.1%2.7%705.6K-31.0M-332.5K0.8611.25N/AN/A1,7991,55088,44835,178
2009-07-28$14.57$13.0058.1%16.7%56.3%16.1%59.0%5.4%2.2%703.6K-30.3M-332.6K0.119.98N/AN/A5,44860789,15435,373
2009-07-29$14.05$13.0060.1%17.2%57.7%17.9%60.1%7.2%2.3%679.4K-25.4M-327.0K0.1518.11N/AN/A2,42837493,12835,612
2009-07-30$14.87$13.0056.6%16.2%60.3%14.7%57.1%6.0%3.9%815.1K-35.6M-349.5K0.3912.14N/AN/A1,61463094,24935,802
2009-07-31$15.18$13.0057.3%16.4%55.4%15.3%58.1%8.2%3.3%859.1K-40.6M-362.5K0.5319.06N/AN/A3,1761,68894,34636,050