TEX Options History — February 2019

In February 2019, TEX traded between $30.76 and $36.09. ATM implied volatility averaged 45.5%, placing in the 46.8% IV rank vs the trailing year. The 30-day expected move averaged 12.4%. IV traded above realized volatility by 8.3% (HV 20d: 37.2%). Max pain ranged from $30.00 to $31.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 1.13.

Notable Days

  • 2019-02-07: Highest Volume — 2,616 contracts
  • 2019-02-06: Largest IV drop — 23.3% change
  • 2019-02-04: Highest IV Rank — 81.8%
  • 2019-02-21: Largest Expected Move — 13.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.04$30.76$36.09$30.78$33.61
Max Pain$30.42$30.00$31.00$30.00$31.00
ATM IV45.5%35.0%60.1%55.3%35.0%
Expected Move12.4%10.0%13.6%12.6%10.0%
HV 20d37.2%35.4%44.8%38.0%38.4%
HV 60d39.3%37.6%41.3%39.2%40.3%
IV Rank46.8%21.7%81.8%70.2%21.7%
IV Percentile73.5%41.3%97.6%94.8%41.3%
Term Structure-5.2%-9.4%-1.1%-3.2%-1.1%
VWIV43.3%33.1%47.7%45.2%33.1%
Skew 25d4.6%2.4%6.0%4.4%2.5%
Skew 10d11.6%-6.3%32.3%12.9%-6.3%
Call IV 25d40.9%34.4%45.1%41.6%34.5%
Put IV 25d45.5%36.9%49.6%46.0%37.0%
Bid-Ask Spread %29.6916.4842.3927.4619.01
Gamma HHI0.260.120.790.260.15
Net GEX617.5K146.3K2.9M418.4K302.7K
Net DEX-8.5M-15.5M-4.0M-4.9M-5.0M
Net VEX-33.6K-40.4K-26.7K-32.6K-37.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.130.054.702.600.49
Total Volume964.947572,616850731
Total OI11,971.1587,99414,74310,14212,939

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-02-01$30.78$30.0055.3%12.6%38.0%70.2%45.2%4.4%-3.2%418.4K-4.9M-32.6K2.6027.46N/AN/A2366147,2612,881
2019-02-04$31.38$30.0060.1%13.1%36.3%81.8%44.6%5.7%-4.9%463.0K-6.6M-33.3K0.0534.64N/AN/A7647,3433,266
2019-02-05$31.52$30.0057.7%12.3%36.2%76.0%44.0%4.5%-3.1%508.9K-7.0M-33.5K0.3531.79N/AN/A118417,3943,268
2019-02-06$31.51$30.0044.3%12.7%35.6%43.9%45.9%5.7%-4.5%502.6K-6.7M-31.9K4.7025.83N/AN/A10477,3953,305
2019-02-07$31.03$30.0045.0%12.9%36.2%45.7%45.4%5.5%-5.0%501.6K-5.3M-30.3K1.0633.69N/AN/A1,2691,3477,4003,294
2019-02-08$30.76$30.0045.4%13.0%36.0%46.7%46.0%5.8%-5.7%453.3K-4.0M-34.4K1.1930.67N/AN/A5226228,3384,585
2019-02-11$31.07$30.0046.4%13.3%36.1%49.0%46.2%6.0%-5.8%554.7K-5.1M-33.8K0.1131.06N/AN/A432498,6885,124
2019-02-12$31.61$30.0047.4%13.6%36.2%51.5%47.5%5.3%-7.0%1.0M-9.0M-32.8K0.6229.15N/AN/A160999,0955,154
2019-02-13$31.97$30.0045.0%12.9%35.7%45.7%45.7%3.3%-5.7%1.2M-11.3M-29.9K1.7332.75N/AN/A3115399,1015,191
2019-02-14$32.00$30.0045.8%13.1%35.5%47.6%46.7%3.7%-6.1%913.0K-11.4M-28.2K1.9734.03N/AN/A1983919,1425,517
2019-02-15$32.85$30.0044.2%12.7%36.3%43.8%44.6%4.6%-5.6%2.9M-15.5M-27.4K0.6631.47N/AN/A1,2648289,1905,553
2019-02-19$35.77$31.0044.1%12.6%44.8%43.6%45.1%4.1%-7.1%146.3K-8.0M-26.7K0.8130.54N/AN/A5274264,2103,784
2019-02-20$35.39$31.0044.1%12.6%41.7%43.5%43.9%6.0%-6.1%256.2K-9.9M-33.1K1.9339.20N/AN/A4388445,4304,125
2019-02-21$35.40$31.0047.6%13.6%36.9%51.9%47.7%4.5%-9.4%187.7K-9.1M-35.7K0.3442.39N/AN/A1,5275245,5094,612
2019-02-22$35.28$31.0046.4%13.3%37.0%49.1%44.9%5.8%-9.4%317.5K-10.3M-40.4K0.9028.84N/AN/A8657756,6574,782
2019-02-25$36.09$31.0037.9%10.9%36.3%28.7%37.0%3.0%-4.9%398.8K-13.1M-39.2K0.5925.52N/AN/A6443786,9955,207
2019-02-26$35.25$31.0036.1%10.4%35.4%24.5%34.6%2.4%-2.3%406.1K-10.9M-39.3K0.7819.66N/AN/A4463507,3135,491
2019-02-27$34.41$31.0036.4%10.4%37.4%25.1%34.9%3.8%-2.2%361.4K-7.8M-39.5K0.4916.48N/AN/A4572257,3975,516
2019-02-28$33.61$31.0035.0%10.0%38.4%21.7%33.1%2.5%-1.1%302.7K-5.0M-37.2K0.4919.01N/AN/A4912407,4115,528