TEX Options History — July 2014

In July 2014, TEX traded between $34.51 and $42.31. ATM implied volatility averaged 31.1%, placing in the 23.5% IV rank vs the trailing year. The 30-day expected move averaged 10.2%. IV traded above realized volatility by 1.2% (HV 20d: 29.9%). Max pain ranged from $35.00 to $35.00. Net GEX was positive for 3 of 22 trading days. Term structure was in contango for 6 of 22 days. Put/call ratio averaged 0.95.

Notable Days

  • 2014-07-24: Highest Volume — 7,632 contracts
  • 2014-07-10: Largest IV spike — 27.6% change
  • 2014-07-18: Highest IV Rank — 40.4%
  • 2014-07-31: Largest Expected Move — 10.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$39.13$34.51$42.31$41.56$34.51
Max Pain$35.00$35.00$35.00$35.00$35.00
ATM IV31.1%24.7%35.6%25.5%32.3%
Expected Move10.2%10.1%10.5%10.2%10.5%
HV 20d29.9%25.3%39.3%26.3%38.9%
HV 60d28.8%26.9%31.5%30.1%31.2%
IV Rank23.5%0.0%40.4%0.4%28.2%
IV Percentile30.5%0.0%58.7%0.4%39.7%
Term Structure-0.7%-4.2%7.2%6.5%-0.9%
VWIV36.7%32.2%42.8%34.6%39.9%
Skew 25d3.3%0.4%5.9%2.4%2.7%
Skew 10d6.9%2.9%18.1%5.8%2.9%
Call IV 25d30.7%22.9%35.1%25.0%31.5%
Put IV 25d34.0%27.1%38.9%27.4%34.2%
Bid-Ask Spread %12.7010.1014.6114.6113.19
Gamma HHI0.140.070.320.110.14
Net GEX-590.8K-1.7M523.0K-379.3K-764.9K
Net DEX5.0M-17.2M32.2M-10.4M32.2M
Net VEX-287.8K-308.3K-259.8K-307.4K-278.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.950.212.941.211.51
Total Volume2,138.6362517,6329942,479
Total OI50,343.45540,33056,29250,60156,292

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2014-07-01$41.56$35.0025.5%10.2%26.3%0.4%34.6%2.4%6.5%-379.3K-10.4M-307.4K1.2114.61N/AN/A44954520,38530,216
2014-07-02$41.64$35.0024.7%10.2%26.3%0.0%40.7%2.4%7.2%-341.9K-11.1M-307.4K0.6913.89N/AN/A25517520,53630,390
2014-07-03$42.31$35.0024.9%10.1%25.3%1.0%32.6%4.6%6.4%-263.8K-16.2M-304.8K0.5114.56N/AN/A50825820,70330,442
2014-07-07$41.22$35.0027.6%10.1%27.1%10.7%40.3%1.7%-1.1%-453.6K-6.1M-296.5K1.6612.58N/AN/A12821220,75130,604
2014-07-08$41.40$35.0027.9%10.1%26.3%12.0%42.8%3.6%-1.9%-344.2K-6.7M-298.5K0.4112.32N/AN/A56223220,80930,587
2014-07-09$41.58$35.0026.4%10.1%25.8%6.3%38.0%3.1%-1.3%-218.7K-9.6M-292.8K0.5014.42N/AN/A1678420,99430,689
2014-07-10$40.01$35.0033.7%10.3%28.9%33.2%35.0%2.6%-1.7%-807.6K5.3M-289.1K0.7013.50N/AN/A28920121,01630,693
2014-07-11$39.69$35.0033.9%10.3%26.5%34.2%32.6%4.1%-1.9%-1.0M9.2M-290.6K0.2412.68N/AN/A61714721,09130,739
2014-07-14$39.73$35.0034.1%10.3%25.4%35.0%0.0%3.7%-2.2%-1.0M7.8M-280.7K2.1413.00N/AN/A6921,47921,29430,762
2014-07-15$39.05$35.0034.4%10.3%26.3%36.0%32.2%3.8%-2.2%-1.3M14.4M-282.0K0.2210.96N/AN/A1,34629421,92630,975
2014-07-16$39.34$35.0035.6%10.2%26.4%40.4%38.1%5.9%-3.7%-1.3M12.5M-285.5K0.4111.44N/AN/A1,22850122,71231,188
2014-07-17$38.41$35.0035.3%10.4%27.8%39.2%37.2%2.3%-2.1%-1.7M21.3M-278.7K0.7111.90N/AN/A1,15081122,94031,213
2014-07-18$39.00$35.0035.6%10.2%28.0%40.4%32.5%4.9%-4.0%-1.2M15.7M-282.5K0.3012.71N/AN/A2,82386023,00431,681
2014-07-21$39.62$35.0034.2%10.2%26.3%35.4%0.0%4.6%-3.0%338.5K-9.6M-292.8K0.2112.25N/AN/A1,62134118,57621,754
2014-07-22$40.48$35.0035.1%10.1%27.4%38.6%37.4%4.4%-3.7%523.0K-17.2M-297.0K2.4813.12N/AN/A1,3343,31119,41122,042
2014-07-23$40.48$35.0034.9%10.1%26.8%38.0%0.0%4.9%-4.2%246.1K-14.7M-308.3K0.5213.73N/AN/A1,04754720,31525,006
2014-07-24$37.42$35.0030.5%10.1%39.0%21.5%36.3%3.6%-1.7%-466.4K11.5M-287.4K1.1211.47N/AN/A3,5994,03320,90825,330
2014-07-25$36.58$35.0028.6%10.1%39.3%14.7%36.7%2.3%0.3%-417.6K14.6M-270.7K0.6210.10N/AN/A1,8781,17122,74824,893
2014-07-28$36.07$35.0028.9%10.2%37.4%15.8%36.8%0.4%0.4%-484.9K17.8M-269.0K2.9410.74N/AN/A6852,01523,59225,463
2014-07-29$35.17$35.0030.1%10.2%37.9%20.0%36.7%1.7%-0.2%-780.4K25.9M-259.8K0.8111.82N/AN/A1,13291823,73927,049
2014-07-30$35.65$35.0029.1%10.3%38.1%16.5%36.4%3.8%0.6%-812.3K23.3M-272.0K0.9214.33N/AN/A2,5712,35524,37427,724
2014-07-31$34.51$35.0032.3%10.5%38.9%28.2%39.9%2.7%-0.9%-764.9K32.2M-278.6K1.5113.19N/AN/A9861,49326,57029,722