TEX Options History — August 2015

In August 2015, TEX traded between $20.83 and $26.78. ATM implied volatility averaged 43.6%, placing in the 52.9% IV rank vs the trailing year. The 30-day expected move averaged 12.2%. IV traded below realized volatility by 27.5% (HV 20d: 71.1%). Max pain ranged from $19.00 to $23.00. Net GEX was positive for 16 of 21 trading days. Term structure was in contango for 10 of 21 days. Put/call ratio averaged 0.57.

Notable Days

  • 2015-08-12: Highest Volume — 17,414 contracts
  • 2015-08-24: Largest IV spike — 42.9% change
  • 2015-08-24: Highest IV Rank — 100.0%
  • 2015-08-25: Largest Expected Move — 19.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$23.14$20.83$26.78$21.43$23.39
Max Pain$20.38$19.00$23.00$23.00$20.00
ATM IV43.6%35.0%68.7%39.7%53.2%
Expected Move12.2%7.9%19.7%11.4%15.3%
HV 20d71.1%35.3%87.2%37.6%86.4%
HV 60d49.7%34.1%56.6%34.4%56.3%
IV Rank52.9%34.2%100.0%48.0%65.8%
IV Percentile73.3%46.4%100.0%69.0%97.2%
Term Structure-3.4%-24.5%3.5%-1.2%-11.4%
VWIV45.1%32.7%70.3%38.1%37.9%
Skew 25d8.0%-0.2%31.5%1.7%10.1%
Skew 10d13.1%-34.9%145.7%-10.6%14.9%
Call IV 25d39.8%32.9%51.2%38.3%46.4%
Put IV 25d47.8%32.7%76.6%40.0%56.5%
Bid-Ask Spread %77.9925.22115.2433.7294.05
Gamma HHI0.160.110.220.200.12
Net GEX334.1K-276.7K1.0M-185.3K458.4K
Net DEX-7.4M-42.6M20.8M19.2M-12.6M
Net VEX-169.3K-218.0K-122.5K-127.7K-180.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.570.203.473.470.20
Total Volume10,103.8127217,4141,5239,691
Total OI57,673.8145,31965,52045,31958,666

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2015-08-03$21.43$23.0039.7%11.4%37.6%48.0%38.1%1.7%-1.2%-185.3K19.2M-127.7K3.4733.72N/AN/A3411,18225,96819,351
2015-08-04$21.26$23.0038.2%11.0%36.8%43.6%36.9%5.3%-0.1%-265.7K20.8M-122.5K1.3225.22N/AN/A2,0452,70926,13520,465
2015-08-05$21.27$23.0038.6%11.1%35.3%44.6%36.4%3.1%-0.8%-262.0K20.4M-127.2K1.2926.51N/AN/A1,9412,50726,19020,612
2015-08-06$21.30$22.0039.6%10.8%35.3%47.7%41.9%5.5%0.4%-276.7K20.8M-126.2K0.2626.29N/AN/A9,0162,35826,19620,618
2015-08-07$20.83$19.0039.5%10.9%36.0%47.4%42.0%3.8%0.5%-3.5K11.1M-137.1K0.2827.72N/AN/A8,0852,27733,25120,638
2015-08-10$21.83$19.0039.3%10.6%37.5%46.7%42.3%4.0%-0.3%48.2K1.9M-150.5K0.2927.36N/AN/A7,6942,20535,31921,435
2015-08-11$26.78$19.0041.2%7.9%82.6%52.2%38.0%-0.2%0.2%770.5K-42.6M-206.6K0.7495.07N/AN/A7,3495,44535,78521,450
2015-08-12$26.39$20.0036.8%10.5%82.2%39.3%43.9%4.6%0.0%753.7K-40.3M-218.0K0.6589.39N/AN/A10,5266,88837,66925,083
2015-08-13$25.51$20.0035.5%10.2%83.5%35.6%32.7%6.4%1.2%799.7K-30.5M-205.1K0.3291.31N/AN/A8,1032,59337,72925,292
2015-08-14$25.85$20.0035.0%10.0%83.2%34.2%35.8%3.5%0.4%761.1K-34.6M-208.5K0.3094.55N/AN/A8,4672,52137,71025,458
2015-08-17$25.24$20.0037.4%10.7%83.6%41.0%39.2%8.3%-3.0%828.3K-30.0M-200.4K0.25115.24N/AN/A10,0132,51738,23525,451
2015-08-18$24.84$20.0036.6%10.5%83.9%38.7%44.6%6.5%1.0%1.0M-25.9M-199.7K0.2986.57N/AN/A8,8702,56738,78925,462
2015-08-19$24.20$20.0038.8%11.1%84.4%45.3%37.1%6.0%0.0%774.0K-17.6M-190.0K0.3795.80N/AN/A1987438,79625,434
2015-08-20$23.31$20.0039.9%11.4%85.2%48.3%56.8%2.9%1.0%237.4K-7.8M-176.0K0.3190.14N/AN/A8,3472,58638,78325,440
2015-08-21$22.13$20.0047.2%13.5%86.9%69.8%62.7%8.6%-7.4%124.9K-1.2M-160.3K0.34114.11N/AN/A9,2803,19139,88925,631
2015-08-24$21.25$20.0067.4%19.3%86.9%100.0%53.8%24.6%-24.5%184.3K5.9M-153.2K0.20105.78N/AN/A10,6512,11435,38921,142
2015-08-25$21.27$20.0068.7%19.7%85.8%100.0%70.3%13.9%-16.7%195.4K5.8M-140.0K0.2296.02N/AN/A12,5222,76535,49920,710
2015-08-26$22.04$20.0056.7%16.2%86.3%73.5%57.1%31.5%-12.0%313.5K-1.3M-167.8K0.2991.07N/AN/A9,2432,72437,58320,626
2015-08-27$22.94$20.0043.0%12.3%87.2%43.4%46.6%4.9%3.5%380.4K-8.4M-181.2K0.32103.54N/AN/A8,1272,61238,02620,627
2015-08-28$22.89$20.0043.7%12.5%87.1%44.9%53.7%12.9%-1.9%370.6K-8.3M-177.8K0.22108.24N/AN/A8,0851,75137,98620,632
2015-08-31$23.39$20.0053.2%15.3%86.4%65.8%37.9%10.1%-11.4%458.4K-12.6M-180.1K0.2094.05N/AN/A8,0761,61538,01420,652