TEX Options History — February 2018

In February 2018, TEX traded between $41.06 and $47.04. ATM implied volatility averaged 41.1%, placing in the 47.5% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 8.2% (HV 20d: 32.9%). Max pain ranged from $47.00 to $48.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 2.31.

Notable Days

  • 2018-02-09: Highest Volume — 8,015 contracts
  • 2018-02-07: Largest IV drop — 30.1% change
  • 2018-02-02: Highest IV Rank — 100.0%
  • 2018-02-09: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.10$41.06$47.04$47.04$41.56
Max Pain$47.53$47.00$48.00$48.00$47.00
ATM IV41.1%31.9%61.6%41.0%36.0%
Expected Move11.2%9.2%14.0%11.1%10.3%
HV 20d32.9%21.2%41.2%21.2%41.2%
HV 60d27.6%25.1%30.3%25.1%30.3%
IV Rank47.5%17.0%100.0%85.4%28.6%
IV Percentile84.2%41.7%100.0%95.2%79.4%
Term Structure-2.6%-8.1%0.5%-3.1%-1.5%
VWIV37.8%32.0%46.1%38.9%36.7%
Skew 25d5.7%3.4%11.7%4.1%5.7%
Skew 10d12.3%-3.7%24.3%10.8%9.9%
Call IV 25d36.9%29.9%46.1%37.2%34.9%
Put IV 25d42.6%36.0%55.1%41.3%40.5%
Bid-Ask Spread %31.6823.7353.8428.6323.81
Gamma HHI0.370.260.470.470.35
Net GEX-757.9K-1.6M-373.2K-1.6M-373.2K
Net DEX19.6M10.4M30.2M15.2M16.4M
Net VEX-57.3K-88.0K-41.1K-88.0K-41.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.310.458.832.551.60
Total Volume3,487.2111,1348,0151,9021,375
Total OI14,196.10511,38517,41816,65312,244

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-02-01$47.04$48.0041.0%11.1%21.2%85.4%38.9%4.1%-3.1%-1.6M15.2M-88.0K2.5528.63N/AN/A5361,3664,56312,090
2018-02-02$45.18$48.0049.0%11.3%24.7%100.0%38.3%4.7%-2.2%-1.4M23.6M-82.7K1.5825.69N/AN/A6691,0584,63812,213
2018-02-05$43.75$48.0057.5%12.3%26.6%100.0%41.7%3.4%-2.9%-1.2M28.6M-72.8K2.5653.84N/AN/A6091,5624,62812,236
2018-02-06$43.96$48.0061.6%13.2%26.6%100.0%44.0%6.3%-5.0%-1.3M30.2M-74.2K8.8333.94N/AN/A7306,4444,68612,732
2018-02-07$43.25$48.0043.0%12.3%26.8%48.2%40.8%4.9%-3.5%-696.6K19.7M-60.3K4.5227.64N/AN/A1,4276,4544,8758,882
2018-02-08$41.69$48.0046.2%13.2%29.0%56.9%42.5%11.7%-5.3%-539.9K22.7M-53.9K4.8849.09N/AN/A1,3276,4775,1018,906
2018-02-09$42.47$48.0048.8%14.0%29.5%64.2%46.1%6.0%-8.1%-581.1K20.2M-58.5K4.3450.86N/AN/A1,5006,5155,1468,920
2018-02-12$43.24$48.0044.1%12.6%29.9%51.1%41.0%8.1%-4.5%-690.8K20.2M-56.3K4.4828.41N/AN/A1,4606,5355,2898,923
2018-02-13$43.03$48.0041.7%12.0%29.9%44.5%39.4%7.4%-4.2%-665.5K21.3M-54.0K0.7625.30N/AN/A1,9531,4765,3128,959
2018-02-14$41.81$48.0036.4%10.4%30.5%29.6%35.4%4.0%-1.5%-733.7K26.4M-47.3K0.5330.25N/AN/A2,1191,1255,9089,727
2018-02-15$43.17$47.0034.0%9.7%33.6%22.8%32.6%5.3%-2.0%-761.9K23.1M-55.5K0.5836.72N/AN/A1,8961,1096,32310,144
2018-02-16$41.06$47.0036.1%10.3%35.7%28.6%35.7%5.8%-1.4%-489.4K29.4M-43.7K0.4626.37N/AN/A1,9198776,37610,166
2018-02-20$42.29$47.0035.5%10.2%38.3%27.2%34.9%5.9%-0.9%-478.9K14.2M-47.5K0.4528.85N/AN/A1,1245064,6756,710
2018-02-21$43.50$47.0034.5%9.9%40.3%24.2%33.6%4.6%-1.3%-611.3K10.4M-54.8K0.9029.34N/AN/A6535874,8206,795
2018-02-22$42.81$47.0034.1%9.8%40.4%23.1%33.9%4.4%-0.5%-525.5K12.5M-50.5K1.4427.15N/AN/A4656694,9116,775
2018-02-23$43.67$47.0031.9%9.2%41.1%17.0%32.0%6.1%0.5%-647.7K10.7M-53.4K1.1325.20N/AN/A5896674,9886,886
2018-02-26$42.47$47.0035.0%10.0%40.3%25.6%35.6%4.5%-1.1%-511.6K14.0M-46.4K1.1323.73N/AN/A5676415,1496,898
2018-02-27$42.87$47.0035.0%10.0%40.2%25.8%34.3%5.1%-1.3%-567.7K12.9M-48.2K1.1227.07N/AN/A5996725,1896,943
2018-02-28$41.56$47.0036.0%10.3%41.2%28.6%36.7%5.7%-1.5%-373.2K16.4M-41.1K1.6023.81N/AN/A5288475,2456,999