TEX Options History — June 2012

In June 2012, TEX traded between $15.65 and $19.14. ATM implied volatility averaged 70.9%, placing in the 52.6% IV rank vs the trailing year. The 30-day expected move averaged 20.4%. IV traded below realized volatility by 13.0% (HV 20d: 83.9%). Max pain ranged from $18.00 to $19.00. Net GEX was positive for 11 of 21 trading days. Term structure was in contango for 8 of 21 days. Put/call ratio averaged 1.12.

Notable Days

  • 2012-06-19: Highest Volume — 13,319 contracts
  • 2012-06-11: Largest IV spike — 27.8% change
  • 2012-06-11: Highest IV Rank — 76.8%
  • 2012-06-11: Largest Expected Move — 23.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$17.28$15.65$19.14$15.79$17.83
Max Pain$18.86$18.00$19.00$19.00$19.00
ATM IV70.9%56.8%88.4%81.5%56.8%
Expected Move20.4%16.3%23.5%23.4%16.3%
HV 20d83.9%71.3%93.5%72.4%78.0%
HV 60d67.2%61.0%72.0%61.6%72.0%
IV Rank52.6%33.2%76.8%67.2%33.2%
IV Percentile70.7%32.5%97.6%92.5%32.5%
Term Structure-0.9%-8.0%7.9%-0.4%7.2%
VWIV71.8%58.9%83.3%81.4%58.9%
Skew 25d9.4%5.2%12.8%10.3%5.2%
Skew 10d18.7%10.8%24.7%19.5%10.8%
Call IV 25d67.3%54.9%77.5%77.5%54.9%
Put IV 25d76.8%60.1%89.4%87.8%60.1%
Bid-Ask Spread %12.879.0119.7014.2315.98
Gamma HHI0.130.100.170.100.14
Net GEX108.2K-183.6K568.3K76.4K265.8K
Net DEX3.8M-17.8M20.5M16.3M-273.6K
Net VEX-292.1K-321.1K-259.1K-272.9K-302.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.120.136.392.810.30
Total Volume5,323.14382213,31910,6603,448
Total OI113,218.61995,679124,340106,698117,772

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2012-06-01$15.79$19.0081.5%23.4%72.4%67.2%81.4%10.3%-0.4%76.4K16.3M-272.9K2.8114.23N/AN/A2,7957,86556,76749,931
2012-06-04$15.65$19.0083.3%23.4%71.3%69.7%74.6%12.8%-7.2%-48.6K20.5M-268.1K6.3916.10N/AN/A1,1697,47057,23253,398
2012-06-05$16.35$19.0081.6%22.8%74.2%67.4%78.3%12.3%-5.4%-143.0K15.5M-287.5K0.6317.02N/AN/A1,27980257,60956,773
2012-06-06$18.15$19.0070.0%21.8%85.4%51.4%77.8%11.9%-6.0%-84.6K-6.1M-321.1K0.3818.16N/AN/A4,1841,57058,55256,786
2012-06-07$17.81$19.0071.0%21.5%85.4%52.8%77.1%11.1%-5.6%-43.1K-3.6M-316.4K0.1311.47N/AN/A3,41942860,25657,262
2012-06-08$17.75$19.0069.2%21.4%85.5%50.3%79.2%10.6%-4.6%-67.3K-2.0M-312.6K0.6412.43N/AN/A1,47193760,20857,353
2012-06-11$16.27$19.0088.4%23.5%89.8%76.8%81.7%12.6%-7.4%-77.5K14.6M-274.3K1.059.01N/AN/A2,7482,87361,95657,417
2012-06-12$17.30$19.0080.2%23.1%93.5%65.5%79.9%8.2%-8.0%-87.2K3.0M-296.8K0.3611.03N/AN/A1,20142962,59358,817
2012-06-13$16.84$19.0078.7%22.9%92.6%63.4%80.3%11.9%-5.9%-183.6K8.6M-284.0K0.9711.45N/AN/A64362162,78759,622
2012-06-14$17.75$19.0078.2%22.4%93.1%62.7%83.3%8.9%-7.0%-50.1K-2.6M-298.7K0.2312.57N/AN/A7,3851,70162,60659,782
2012-06-15$18.34$18.0073.4%21.1%85.2%56.2%74.4%9.4%-4.8%493.0K-12.2M-306.1K0.4811.52N/AN/A3,9521,90464,48759,853
2012-06-18$18.65$18.0069.6%19.9%84.6%50.8%69.6%6.4%-1.8%508.1K-14.1M-306.3K0.7311.70N/AN/A2,8642,09854,19241,487
2012-06-19$19.14$18.0064.9%18.6%82.3%44.4%66.3%6.6%-0.2%568.3K-17.8M-310.8K2.0112.22N/AN/A4,4228,89754,89242,824
2012-06-20$18.84$19.0063.6%18.2%82.6%42.6%64.2%6.9%0.7%507.3K-13.2M-317.6K0.9512.17N/AN/A2,2822,15958,02046,841
2012-06-21$17.55$19.0060.9%17.4%86.8%38.8%61.9%7.9%4.5%314.9K2.7M-293.6K1.1811.12N/AN/A3,7154,37358,84547,541
2012-06-22$17.48$19.0061.1%17.5%86.8%39.1%60.6%6.9%4.5%224.6K5.1M-289.4K2.3510.51N/AN/A6421,50858,91449,728
2012-06-25$16.12$19.0065.0%18.6%91.5%44.5%66.0%8.6%7.6%-4.3K19.2M-259.1K0.6019.70N/AN/A4,7712,86659,03650,906
2012-06-26$16.17$19.0066.1%19.0%82.3%46.1%67.2%10.7%6.0%12.8K18.1M-260.3K0.3110.75N/AN/A3,3881,06261,22552,067
2012-06-27$16.44$19.0064.7%18.5%80.4%44.1%63.6%9.5%6.2%19.9K16.4M-267.6K0.5211.10N/AN/A3,7081,91561,12352,558
2012-06-28$16.74$19.0060.4%17.3%77.5%38.2%60.9%9.3%7.9%70.8K11.7M-287.8K0.4210.01N/AN/A57724563,48954,084
2012-06-29$17.83$19.0056.8%16.3%78.0%33.2%58.9%5.2%7.2%265.8K-273.6K-302.9K0.3015.98N/AN/A2,65879063,63854,134