TEX Options History — January 2019

In January 2019, TEX traded between $27.03 and $30.86. ATM implied volatility averaged 47.5%, placing in the 51.7% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded above realized volatility by 9.9% (HV 20d: 37.6%). Max pain ranged from $28.00 to $32.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 1.66.

Notable Days

  • 2019-01-18: Highest Volume — 2,737 contracts
  • 2019-01-22: Largest IV spike — 16.7% change
  • 2019-01-30: Highest IV Rank — 73.1%
  • 2019-01-30: Largest Expected Move — 16.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.21$27.03$30.86$27.42$30.62
Max Pain$29.43$28.00$32.00$32.00$30.00
ATM IV47.5%39.6%56.5%50.6%54.9%
Expected Move13.4%11.3%16.2%14.5%13.0%
HV 20d37.6%32.4%40.6%40.6%38.7%
HV 60d54.0%39.2%56.0%55.5%39.2%
IV Rank51.7%32.7%73.1%59.0%69.3%
IV Percentile82.3%59.1%96.4%91.3%94.0%
Term Structure-3.5%-10.6%-0.0%-2.7%-4.5%
VWIV46.7%38.8%58.3%48.4%47.4%
Skew 25d6.9%4.6%8.6%7.2%6.6%
Skew 10d20.5%12.4%31.8%31.1%14.8%
Call IV 25d43.4%36.4%53.8%45.6%42.5%
Put IV 25d50.3%43.6%59.7%52.7%49.1%
Bid-Ask Spread %45.3922.5060.9622.5026.27
Gamma HHI0.190.100.380.100.27
Net GEX69.0K-13.4K410.8K341410.8K
Net DEX188.9K-4.7M1.8M1.7M-4.7M
Net VEX-17.0K-31.2K-10.5K-10.8K-31.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.660.1213.860.891.83
Total Volume624.524952,737134927
Total OI6,009.6194,8539,8194,8539,819

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-01-02$27.42$32.0050.6%14.5%40.6%59.0%48.4%7.2%-2.7%3411.7M-10.8K0.8922.50N/AN/A71633,3221,531
2019-01-03$27.03$28.0053.2%14.4%34.5%65.4%48.6%7.0%-3.7%-1.2K1.8M-10.5K0.9930.62N/AN/A1121113,3681,550
2019-01-04$28.12$28.0046.6%13.7%38.0%49.6%47.6%8.1%-3.5%5.4K1.4M-12.0K0.5033.27N/AN/A2101043,3881,556
2019-01-07$28.14$28.0050.0%13.1%38.0%57.6%45.7%6.6%-1.2%7.1K1.3M-12.0K13.8633.16N/AN/A7973,4491,563
2019-01-08$28.84$28.0044.4%12.6%37.6%44.1%44.1%7.2%-1.7%-1.4K1.1M-12.9K1.7938.63N/AN/A621113,4741,645
2019-01-09$29.12$28.0044.3%12.7%37.2%43.9%43.8%4.6%-1.6%818927.6K-13.0K0.1557.76N/AN/A304453,5051,654
2019-01-10$29.66$28.0041.7%12.0%37.7%37.8%41.8%7.4%-0.3%4.4K604.4K-14.2K0.2248.37N/AN/A390873,5401,672
2019-01-11$29.82$29.0039.6%11.3%37.2%32.7%39.9%7.2%-0.0%-2.4K528.4K-14.5K0.3352.16N/AN/A3841253,6491,750
2019-01-14$29.56$29.0043.1%12.4%37.0%41.2%43.1%5.7%-0.4%-4.3K656.0K-14.3K1.3749.31N/AN/A1431963,6591,780
2019-01-15$29.12$30.0043.3%12.4%37.3%41.5%42.7%6.3%-2.3%-13.4K1.1M-14.5K0.9644.70N/AN/A1941873,7831,945
2019-01-16$29.55$30.0040.8%11.7%37.3%35.7%41.2%6.3%-1.1%-11.2K679.5K-16.2K0.9246.93N/AN/A2232053,8442,036
2019-01-17$29.69$30.0042.7%12.2%37.2%40.2%43.4%6.9%-1.0%-11.6K527.6K-16.0K0.6150.71N/AN/A2461503,8862,041
2019-01-18$30.86$30.0041.3%11.8%32.4%36.8%38.8%5.3%-2.1%39.1K-479.8K-17.0K0.1260.96N/AN/A2,4472903,9322,016
2019-01-22$29.62$30.0048.2%13.8%36.5%53.3%48.3%6.7%-4.7%169.3K-908.6K-20.6K1.0759.95N/AN/A1151234,4631,414
2019-01-23$28.35$30.0049.7%14.3%40.5%57.0%47.9%6.6%-3.8%90.3K461.1K-16.8K0.5147.79N/AN/A3051554,5711,502
2019-01-24$29.01$30.0047.5%13.6%39.4%51.7%47.0%8.6%-4.4%130.9K-81.0K-18.5K0.5050.93N/AN/A3141574,6261,536
2019-01-25$29.99$30.0050.5%14.5%36.6%58.9%52.7%8.1%-7.0%199.1K-1.3M-21.7K1.5750.12N/AN/A6801,0674,6811,537
2019-01-28$29.11$30.0055.3%15.8%38.6%70.2%58.3%7.9%-8.6%112.1K261.4K-21.9K4.2845.83N/AN/A18775,1282,326
2019-01-29$29.51$30.0054.1%15.5%38.4%67.5%56.2%8.4%-8.2%135.0K-183.8K-23.1K2.1348.81N/AN/A40855,1462,389
2019-01-30$30.20$30.0056.5%16.2%38.7%73.1%54.6%5.9%-10.6%189.8K-1.5M-25.4K0.1854.47N/AN/A2,1143745,1432,383
2019-01-31$30.62$30.0054.9%13.0%38.7%69.3%47.4%6.6%-4.5%410.8K-4.7M-31.2K1.8326.27N/AN/A3276007,1542,665