TEX Options History — July 2015

In July 2015, TEX traded between $20.66 and $23.57. ATM implied volatility averaged 41.7%, placing in the 53.8% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 9.3% (HV 20d: 32.4%). Max pain ranged from $23.00 to $25.00. Net GEX was positive for 15 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 1.70.

Notable Days

  • 2015-07-01: Highest Volume — 8,230 contracts
  • 2015-07-14: Largest IV drop — 18.0% change
  • 2015-07-27: Highest IV Rank — 76.1%
  • 2015-07-27: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$22.49$20.66$23.57$22.57$22.15
Max Pain$23.77$23.00$25.00$24.00$23.00
ATM IV41.7%36.0%49.4%38.3%36.0%
Expected Move12.1%10.3%14.1%11.0%10.3%
HV 20d32.4%26.8%38.1%26.8%36.2%
HV 60d33.2%31.7%34.6%33.5%34.0%
IV Rank53.8%37.2%76.1%43.8%37.2%
IV Percentile79.2%57.1%97.2%72.2%57.1%
Term Structure-3.6%-6.6%2.2%2.2%-0.8%
VWIV41.2%36.9%46.7%39.1%37.0%
Skew 25d4.5%0.5%6.6%0.5%2.5%
Skew 10d8.7%-14.2%16.7%-14.2%6.8%
Call IV 25d40.0%33.3%46.6%39.1%35.8%
Put IV 25d44.5%38.3%51.0%39.6%38.3%
Bid-Ask Spread %34.5922.4097.7928.0931.64
Gamma HHI0.160.120.200.170.18
Net GEX131.2K-221.8K565.3K250.4K-45.7K
Net DEX15.0M10.6M22.1M13.9M15.6M
Net VEX-149.7K-174.9K-118.4K-159.5K-138.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.700.235.880.231.06
Total Volume3,840.1362,0428,2308,2304,508
Total OI49,146.59138,61158,21652,60144,328

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-07-01$22.57$24.0038.3%11.0%26.8%43.8%39.1%0.5%2.2%250.4K13.9M-159.5K0.2328.09N/AN/A6,6641,56634,92517,676
2015-07-02$23.12$24.0038.1%10.9%28.8%43.1%37.8%2.7%2.1%407.5K10.6M-174.9K0.9623.59N/AN/A1,3561,29736,44017,711
2015-07-06$22.78$25.0040.6%12.3%28.7%50.5%41.7%4.8%-4.2%300.3K13.1M-162.9K1.2722.99N/AN/A1,0311,31136,13317,850
2015-07-07$23.18$24.0041.5%12.4%29.3%53.3%42.6%6.6%-5.4%377.2K12.8M-162.0K1.5625.75N/AN/A8791,37536,20117,883
2015-07-08$22.44$24.0046.1%13.0%31.0%66.7%44.1%4.4%-6.6%189.4K16.6M-147.9K1.7725.35N/AN/A1,0011,77136,24517,947
2015-07-09$22.38$24.0043.0%12.9%29.8%57.6%43.9%4.5%-4.7%202.4K15.4M-155.2K1.6225.46N/AN/A1,2131,96036,41918,264
2015-07-10$22.32$24.0041.4%12.9%29.8%52.8%44.3%4.5%-5.1%194.6K15.8M-154.6K2.4026.33N/AN/A1,4983,58836,74018,447
2015-07-13$23.18$23.0044.7%12.2%33.6%62.4%41.8%5.3%-5.2%366.0K13.1M-167.9K1.6826.13N/AN/A1,0941,84137,16820,231
2015-07-14$23.57$23.0036.6%11.5%33.9%38.9%39.4%5.5%-3.5%565.3K10.8M-173.5K1.8422.40N/AN/A8611,58337,15220,336
2015-07-15$23.00$24.0040.7%11.7%33.0%50.7%38.8%4.0%-3.9%210.6K15.0M-161.5K0.8523.85N/AN/A2,3542,00437,23120,386
2015-07-16$23.20$24.0039.2%11.2%33.2%46.5%36.9%5.2%-3.6%267.4K13.7M-163.6K0.8224.33N/AN/A2,3981,97237,98220,234
2015-07-17$22.84$24.0040.1%11.5%33.6%48.9%38.6%4.9%-3.1%89.7K17.4M-150.8K1.2560.42N/AN/A1,9182,38936,60820,210
2015-07-20$22.57$24.0040.3%11.5%32.2%49.6%43.8%4.6%-3.5%37.8K13.2M-142.0K1.2197.79N/AN/A1,0521,27222,41116,200
2015-07-21$22.84$24.0040.2%11.5%32.6%49.3%39.1%3.9%-2.8%70.0K12.2M-149.6K1.3333.65N/AN/A8781,16422,84716,437
2015-07-22$22.56$24.0040.5%11.6%31.6%50.1%41.3%4.6%-3.1%40.7K13.6M-141.7K2.1332.37N/AN/A7881,67823,03316,484
2015-07-23$22.04$24.0042.9%12.3%32.3%57.2%40.4%6.6%-3.7%-52.3K16.3M-133.8K1.4836.87N/AN/A8711,29023,10616,965
2015-07-24$21.50$24.0046.4%13.3%31.6%67.6%40.3%3.5%-2.7%-70.0K17.0M-129.0K5.8830.32N/AN/A6663,91423,14417,052
2015-07-27$20.66$24.0049.4%14.1%33.8%76.1%44.9%4.4%-6.4%-221.8K22.1M-118.4K4.0229.56N/AN/A1,0034,03123,21319,720
2015-07-28$21.46$23.0047.9%13.7%36.6%71.9%46.7%5.9%-5.8%-208.3K20.2M-128.1K1.7427.97N/AN/A1,7523,04223,38519,844
2015-07-29$22.04$23.0045.3%13.0%38.1%64.4%45.0%4.5%-6.1%-79.5K15.9M-139.1K1.1642.06N/AN/A2,9323,39324,16118,665
2015-07-30$22.41$23.0038.5%11.0%37.2%44.3%38.0%5.6%-2.9%-5.7K15.3M-137.8K1.2364.15N/AN/A2,3872,93825,26318,548
2015-07-31$22.15$23.0036.0%10.3%36.2%37.2%37.0%2.5%-0.8%-45.7K15.6M-138.9K1.0631.64N/AN/A2,1832,32525,75218,576