TEX Options History — December 2018

In December 2018, TEX traded between $25.92 and $32.16. ATM implied volatility averaged 49.7%, placing in the 56.8% IV rank vs the trailing year. The 30-day expected move averaged 13.8%. IV traded above realized volatility by 8.0% (HV 20d: 41.6%). Max pain ranged from $32.00 to $35.00. Net GEX was positive for 6 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.19.

Notable Days

  • 2018-12-13: Highest Volume — 740 contracts
  • 2018-12-12: Largest IV drop — 16.9% change
  • 2018-12-24: Highest IV Rank — 71.1%
  • 2018-12-24: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$28.17$25.92$32.16$32.16$27.54
Max Pain$33.00$32.00$35.00$32.00$32.00
ATM IV49.7%41.2%55.6%41.2%46.2%
Expected Move13.8%11.8%15.9%11.8%13.2%
HV 20d41.6%36.9%45.6%36.9%41.2%
HV 60d54.3%52.8%55.7%52.8%55.6%
IV Rank56.8%36.6%71.1%36.6%48.5%
IV Percentile91.5%77.0%96.0%77.0%84.1%
Term Structure-2.5%-5.8%3.8%-3.1%-0.6%
VWIV45.8%40.4%51.9%42.3%45.2%
Skew 25d8.0%5.7%10.2%6.7%8.3%
Skew 10d17.9%10.3%27.2%13.0%24.7%
Call IV 25d44.5%37.1%50.8%37.1%44.4%
Put IV 25d52.5%43.8%59.6%43.8%52.7%
Bid-Ask Spread %28.7315.8339.2931.0015.83
Gamma HHI0.250.100.440.240.10
Net GEX-38.9K-149.3K245.7K245.7K-222
Net DEX3.6M-996.1K6.2M-996.1K1.6M
Net VEX-14.5K-27.3K-9.9K-27.3K-11.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.190.462.451.850.50
Total Volume355.62174011421
Total OI8,4344,72110,1829,2984,834

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2018-12-03$32.16$32.0041.2%11.8%36.9%36.6%42.3%6.7%-3.1%245.7K-996.1K-27.3K1.8531.00N/AN/A40746,2933,005
2018-12-04$30.11$32.0046.2%13.2%44.0%48.6%45.2%5.7%-4.8%19.6K2.7M-21.7K0.6825.08N/AN/A136936,3123,025
2018-12-05$29.91$32.0047.4%13.6%43.6%51.5%47.2%7.0%-5.3%1.1K3.1M-20.7K0.9539.29N/AN/A1361296,3123,025
2018-12-06$29.67$35.0051.0%12.5%42.4%60.1%40.4%8.4%-1.4%-3.8K3.3M-19.7K0.5226.30N/AN/A85446,3833,073
2018-12-07$28.77$35.0051.6%13.1%43.1%61.4%46.4%8.5%-2.9%-60.6K4.5M-16.9K0.6233.53N/AN/A1881166,4213,110
2018-12-10$28.30$35.0055.4%13.7%41.0%70.6%42.3%10.0%-3.0%-97.5K5.3M-13.7K2.2125.15N/AN/A751666,4463,112
2018-12-11$28.21$35.0053.7%13.3%41.0%66.5%43.4%7.6%-0.5%-113.0K5.3M-13.8K2.4525.16N/AN/A942306,4903,200
2018-12-12$28.76$35.0044.6%12.8%41.7%44.8%44.8%6.6%-1.0%-149.3K5.0M-14.8K1.1827.47N/AN/A2052416,5033,239
2018-12-13$28.39$34.0045.4%13.0%40.8%46.6%42.3%7.7%-2.1%-145.6K5.3M-13.5K0.8421.33N/AN/A4033376,5843,218
2018-12-14$28.13$33.0046.7%13.4%40.4%49.8%45.0%7.2%-2.8%-140.7K5.4M-14.1K0.9725.33N/AN/A3713606,8163,240
2018-12-17$27.87$33.0048.0%13.8%39.7%53.0%46.8%7.0%-3.4%-127.1K5.4M-13.1K2.2026.17N/AN/A40886,8353,167
2018-12-18$28.15$33.0048.7%14.0%39.8%54.5%47.0%9.0%-3.3%-133.2K5.6M-12.9K0.4629.75N/AN/A167766,8653,196
2018-12-19$26.63$32.0049.2%14.1%43.6%55.7%44.8%8.0%-4.0%-37.0K6.2M-10.6K1.5137.57N/AN/A1912886,9903,192
2018-12-20$26.52$32.0050.8%14.6%42.5%59.6%47.7%7.6%-5.8%-37.8K4.0M-9.9K1.2636.09N/AN/A2352976,9962,338
2018-12-21$26.65$32.0048.3%13.9%42.3%53.7%45.3%6.9%-1.1%-1.5K4.1M-11.1K1.2434.71N/AN/A2533146,9902,385
2018-12-24$25.92$32.0055.6%15.9%40.6%71.1%49.6%8.3%3.8%-2.5K2.1M-9.9K1.4232.30N/AN/A2934163,2651,518
2018-12-26$27.35$32.0054.9%15.7%45.6%69.4%49.3%10.0%-4.3%2.0K1.5M-11.9K0.8228.61N/AN/A1531263,2531,468
2018-12-27$27.31$32.0054.7%15.7%41.3%68.8%51.9%9.3%-4.3%2.1K1.5M-11.9K0.9126.55N/AN/A1511373,2881,495
2018-12-28$27.05$32.0053.7%15.4%41.3%66.4%49.7%10.2%-0.7%1.3K1.7M-11.5K1.3027.30N/AN/A1491943,2981,500
2018-12-31$27.54$32.0046.2%13.2%41.2%48.5%45.2%8.3%-0.6%-2221.6M-11.2K0.5015.83N/AN/A1473,3101,524