TEX Options History — October 2009

In October 2009, TEX traded between $18.11 and $24.11. ATM implied volatility averaged 61.0%, placing in the 9.7% IV rank vs the trailing year. The 30-day expected move averaged 17.7%. IV traded above realized volatility by 0.5% (HV 20d: 60.5%). Max pain ranged from $16.00 to $22.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 1.01.

Notable Days

  • 2009-10-14: Highest Volume — 18,198 contracts
  • 2009-10-12: Largest IV spike — 23.0% change
  • 2009-10-30: Highest IV Rank — 17.2%
  • 2009-10-01: Largest Expected Move — 19.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$21.76$18.11$24.11$19.45$20.22
Max Pain$20.52$16.00$22.00$16.00$22.00
ATM IV61.0%52.6%67.7%67.7%67.1%
Expected Move17.7%15.2%19.4%19.4%19.2%
HV 20d60.5%48.9%66.5%48.9%63.0%
HV 60d56.0%54.0%58.9%54.0%58.9%
IV Rank9.7%0.3%17.2%15.7%17.2%
IV Percentile19.4%0.8%32.1%24.2%32.1%
Term Structure-3.1%-5.0%0.7%-1.8%-3.0%
VWIV61.4%52.7%67.1%66.9%67.1%
Skew 25d6.7%3.6%8.4%8.4%6.5%
Skew 10d16.2%8.3%26.0%24.1%15.2%
Call IV 25d58.4%50.1%64.3%62.6%64.3%
Put IV 25d65.1%55.8%71.0%71.0%70.8%
Bid-Ask Spread %13.8810.6518.6610.7117.47
Gamma HHI0.220.160.310.240.17
Net GEX1.4M992.0K1.7M1.4M992.0K
Net DEX-93.7M-148.7M-42.9M-74.1M-42.9M
Net VEX-401.1K-438.2K-366.4K-393.1K-399.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.010.093.543.540.76
Total Volume6,536.5912,01018,19810,3663,671
Total OI148,949.136127,042169,092148,095149,603

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2009-10-01$19.45$16.0067.7%19.4%48.9%15.7%66.9%8.4%-1.8%1.4M-74.1M-393.1K3.5410.71N/AN/A2,2828,08496,08852,007
2009-10-02$18.11$17.5063.8%18.3%56.4%11.7%62.6%8.2%0.7%997.0K-45.3M-374.0K1.4911.77N/AN/A4,0095,99096,70956,361
2009-10-05$19.35$20.0064.2%18.5%59.6%12.2%64.3%7.0%-5.0%1.3M-68.3M-383.3K1.6210.97N/AN/A1,2071,95897,27357,690
2009-10-06$19.58$20.0062.6%18.1%59.0%10.5%62.2%6.9%-4.8%1.4M-73.6M-392.3K0.1612.32N/AN/A2,16635597,52557,123
2009-10-07$19.94$20.0060.5%18.0%58.9%8.4%63.4%7.4%-3.9%1.5M-80.3M-389.2K1.0713.77N/AN/A1,6021,71797,77657,089
2009-10-08$20.83$20.0057.7%17.8%60.2%5.6%63.8%6.6%-4.1%1.7M-99.6M-385.5K1.9210.65N/AN/A1,4522,78298,67456,873
2009-10-09$21.92$20.0052.6%17.2%62.1%0.3%59.9%7.8%-3.4%1.6M-116.5M-374.7K0.3715.94N/AN/A4,3131,61296,76457,166
2009-10-12$21.30$20.0064.6%17.9%62.1%12.6%62.0%8.3%-4.4%1.6M-105.2M-373.4K0.1211.58N/AN/A4,26449797,02557,938
2009-10-13$21.66$20.0063.4%17.2%62.1%13.0%60.9%7.2%-2.7%1.7M-114.0M-369.8K0.2811.82N/AN/A1,98255698,58557,974
2009-10-14$23.02$20.0055.1%17.0%64.3%3.3%60.8%6.8%-2.0%1.4M-136.2M-366.4K0.0917.48N/AN/A16,6461,55297,17558,179
2009-10-15$23.26$20.0059.5%17.0%64.3%8.4%59.1%6.3%-4.4%1.5M-148.7M-396.4K0.9316.38N/AN/A4,8954,576106,47658,940
2009-10-16$23.11$21.0060.2%17.2%64.1%9.2%61.4%5.2%-3.3%1.4M-143.3M-415.4K0.4913.00N/AN/A2,8551,410107,48561,607
2009-10-19$24.11$21.0061.1%17.5%62.4%10.3%61.1%5.1%-2.9%1.3M-107.3M-407.3K0.3912.47N/AN/A4,1891,62384,87342,169
2009-10-20$23.86$21.0061.0%17.5%59.5%10.2%61.0%5.4%-3.5%1.4M-104.2M-419.1K0.8411.98N/AN/A8,5897,20486,80543,012
2009-10-21$23.59$21.0063.0%18.1%59.6%12.5%63.6%7.8%-4.2%1.5M-103.7M-433.1K0.6515.15N/AN/A5,7253,71890,70543,016
2009-10-22$23.50$22.0053.1%15.2%58.3%1.0%52.7%5.7%0.4%1.5M-97.6M-421.6K0.6113.81N/AN/A4,7542,90690,89445,476
2009-10-23$23.68$22.0055.8%16.0%58.2%4.1%53.9%8.4%-2.8%1.5M-101.1M-428.3K0.3713.56N/AN/A6,7412,49791,01446,604
2009-10-26$23.38$22.0059.5%17.0%58.1%8.4%58.6%3.6%-1.9%1.7M-100.1M-438.2K1.4114.31N/AN/A1,5932,24196,62347,510
2009-10-27$22.39$22.0061.7%17.7%60.3%11.0%59.2%3.8%-2.7%1.5M-81.5M-427.9K1.4815.22N/AN/A1,4092,08796,92248,590
2009-10-28$20.76$22.0066.0%18.9%66.5%15.9%65.5%6.6%-5.0%1.1M-52.5M-409.0K0.9116.44N/AN/A2,1391,94797,48249,888
2009-10-29$21.64$22.0062.6%18.0%63.5%12.1%61.2%8.4%-3.6%1.3M-66.4M-427.2K2.7518.66N/AN/A5361,47498,41250,781
2009-10-30$20.22$22.0067.1%19.2%63.0%17.2%67.1%6.5%-3.0%992.0K-42.9M-399.4K0.7617.47N/AN/A2,0851,58698,23551,368