TEX Options History — October 2018

In October 2018, TEX traded between $30.17 and $40.39. ATM implied volatility averaged 45.9%, placing in the 53.8% IV rank vs the trailing year. The 30-day expected move averaged 13.3%. IV traded above realized volatility by 14.1% (HV 20d: 31.8%). Max pain ranged from $38.00 to $41.00. Net GEX was positive for 10 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 2.91.

Notable Days

2018-10-23: Highest Volume — 14,192 contracts
2018-10-10: Largest IV spike — 16.5% change
2018-10-26: Highest IV Rank — 100.0%
2018-10-29: Largest Expected Move — 19.4%

Monthly Statistics

Metric	Avg	Min	Max	Open	Close
Price	$35.62	$30.17	$40.39	$39.74	$33.50
Max Pain	$39.09	$38.00	$41.00	$39.00	$38.00
ATM IV	45.9%	30.6%	67.7%	31.4%	61.0%
Expected Move	13.3%	8.8%	19.4%	9.0%	17.5%
HV 20d	31.8%	23.8%	46.3%	24.1%	46.3%
HV 60d	34.8%	31.0%	38.0%	35.3%	34.5%
IV Rank	53.8%	13.3%	100.0%	15.4%	83.8%
IV Percentile	83.6%	33.7%	100.0%	43.7%	98.4%
Term Structure	-6.9%	-14.6%	4.3%	2.5%	-13.2%
VWIV	42.8%	30.4%	61.2%	31.2%	55.5%
Skew 25d	7.6%	2.6%	14.3%	4.0%	12.8%
Skew 10d	16.0%	5.3%	36.9%	7.6%	25.9%
Call IV 25d	42.4%	29.0%	63.7%	30.0%	52.4%
Put IV 25d	49.9%	32.4%	72.4%	34.1%	65.2%
Bid-Ask Spread %	27.35	14.60	48.82	28.04	26.81
Gamma HHI	0.21	0.13	0.39	0.17	0.15
Net GEX	-73.9K	-976.0K	722.0K	301.4K	-160.3K
Net DEX	4.6M	-6.7M	21.7M	-3.4M	440.6K
Net VEX	-40.4K	-63.7K	-28.8K	-30.5K	-63.1K
Div Yield	0.0%	0.0%	0.0%	0.0%	0.0%
P/C Ratio	2.91	0.17	14.33	1.15	2.56
Total Volume	4,600.087	1,294	14,192	1,496	6,785
Total OI	16,629.696	9,472	24,681	9,472	24,681

Daily Data (23 trading days)

Date	Price	Max Pain	ATM IV	Exp Move	HV 20d	IV Rank	VWIV	Skew 25d	Term Str	GEX	DEX	VEX	P/C	Spread %	Call Wall	Put Wall	Call Vol	Put Vol	Call OI	Put OI
2018-10-01	$39.74	$39.00	31.4%	9.0%	24.1%	15.4%	31.2%	4.0%	2.5%	301.4K	-3.4M	-30.5K	1.15	28.04	N/A	N/A	696	800	5,811	3,661
2018-10-02	$39.44	$39.00	32.0%	9.2%	23.8%	17.2%	30.4%	3.7%	3.0%	274.4K	-3.3M	-31.3K	1.26	29.25	N/A	N/A	665	838	5,963	3,682
2018-10-03	$40.39	$39.00	30.6%	8.8%	25.0%	13.3%	30.6%	3.5%	4.3%	416.0K	-5.5M	-32.9K	1.20	28.10	N/A	N/A	721	867	5,998	3,887
2018-10-04	$39.98	$41.00	32.4%	10.1%	25.1%	18.4%	32.7%	5.4%	-3.0%	345.4K	-4.5M	-32.8K	0.17	22.04	N/A	N/A	4,693	813	6,066	3,882
2018-10-05	$39.31	$41.00	33.3%	10.4%	25.7%	20.8%	34.7%	6.3%	-3.6%	549.8K	-4.8M	-43.2K	1.14	33.52	N/A	N/A	662	754	10,109	3,913
2018-10-08	$39.97	$41.00	34.3%	10.4%	26.2%	23.7%	35.5%	6.4%	-3.9%	722.0K	-6.7M	-42.6K	1.04	33.70	N/A	N/A	721	751	10,138	3,928
2018-10-09	$38.80	$41.00	35.9%	11.1%	28.6%	28.0%	36.9%	4.5%	-5.4%	429.0K	-3.2M	-38.9K	1.27	35.01	N/A	N/A	734	930	10,191	3,990
2018-10-10	$37.55	$40.00	41.8%	12.0%	30.2%	44.6%	38.2%	2.6%	-6.3%	154.3K	351.8K	-36.5K	1.22	38.03	N/A	N/A	797	974	10,212	4,164
2018-10-11	$37.51	$40.00	43.6%	12.5%	30.2%	49.9%	40.1%	5.6%	-7.8%	177.1K	300.3K	-37.5K	1.38	48.82	N/A	N/A	669	920	10,372	4,261
2018-10-12	$36.21	$40.00	44.8%	12.8%	32.2%	53.0%	39.9%	6.9%	-7.6%	-76.9K	4.1M	-30.3K	0.94	35.58	N/A	N/A	939	886	10,445	4,294
2018-10-15	$36.48	$40.00	44.7%	12.8%	31.2%	52.8%	40.2%	7.6%	-8.7%	-44.0K	3.9M	-29.8K	1.50	19.66	N/A	N/A	681	1,024	10,627	4,436
2018-10-16	$36.95	$40.00	41.8%	12.0%	29.8%	44.7%	40.0%	6.8%	-6.7%	-3.6K	3.1M	-28.8K	0.60	22.21	N/A	N/A	1,741	1,042	10,661	4,372
2018-10-17	$36.85	$38.00	41.3%	11.8%	27.7%	43.4%	44.8%	5.9%	-8.1%	189.8K	1.3M	-32.5K	12.64	27.56	N/A	N/A	706	8,924	11,783	4,378
2018-10-18	$34.47	$38.00	46.8%	13.4%	33.7%	58.6%	43.8%	8.8%	-8.9%	-976.0K	16.7M	-50.4K	1.17	23.61	N/A	N/A	810	950	11,822	12,317
2018-10-19	$33.20	$38.00	47.4%	13.6%	35.1%	60.4%	44.3%	7.8%	-8.2%	-836.6K	21.7M	-45.5K	1.68	17.77	N/A	N/A	830	1,396	11,926	12,270
2018-10-22	$32.91	$38.00	47.5%	13.6%	34.6%	60.6%	46.0%	9.2%	-7.5%	-689.5K	16.6M	-42.7K	0.97	14.60	N/A	N/A	658	636	7,642	10,110
2018-10-23	$31.83	$38.00	51.9%	14.9%	35.5%	73.1%	51.6%	10.0%	-7.9%	-644.8K	19.1M	-38.1K	14.33	15.75	N/A	N/A	926	13,266	7,836	10,145
2018-10-24	$30.71	$38.00	56.4%	16.2%	35.0%	85.6%	52.1%	10.9%	-10.2%	-376.3K	10.6M	-32.9K	10.12	21.58	N/A	N/A	956	9,678	8,360	7,891
2018-10-25	$30.99	$38.00	60.0%	17.2%	36.0%	95.7%	56.7%	10.6%	-11.2%	-459.9K	11.4M	-39.6K	1.96	26.25	N/A	N/A	3,091	6,061	8,451	9,518
2018-10-26	$30.17	$38.00	63.8%	18.3%	36.3%	100.0%	46.1%	11.6%	-12.5%	-360.7K	11.0M	-48.0K	2.09	23.94	N/A	N/A	2,900	6,051	10,622	9,685
2018-10-29	$30.44	$38.00	67.7%	19.4%	37.1%	100.0%	51.3%	8.6%	-14.1%	-314.6K	9.3M	-57.0K	3.53	26.02	N/A	N/A	1,986	7,003	12,736	10,681
2018-10-30	$31.86	$38.00	65.4%	18.7%	42.6%	94.4%	61.2%	14.3%	-14.6%	-315.4K	6.7M	-63.7K	3.07	31.20	N/A	N/A	1,933	5,938	12,763	11,803
2018-10-31	$33.50	$38.00	61.0%	17.5%	46.3%	83.8%	55.5%	12.8%	-13.2%	-160.3K	440.6K	-63.1K	2.56	26.81	N/A	N/A	1,906	4,879	12,840	11,841