TEX Options History — April 2019

In April 2019, TEX traded between $32.45 and $34.02. ATM implied volatility averaged 37.5%, placing in the 27.8% IV rank vs the trailing year. The 30-day expected move averaged 11.5%. IV traded above realized volatility by 16.4% (HV 20d: 21.1%). Max pain ranged from $33.00 to $34.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 2 of 21 days. Put/call ratio averaged 0.69.

Notable Days

  • 2019-04-30: Highest Volume — 607 contracts
  • 2019-04-10: Largest IV spike — 20.1% change
  • 2019-04-29: Highest IV Rank — 50.9%
  • 2019-04-29: Largest Expected Move — 13.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.21$32.45$34.02$32.72$33.23
Max Pain$33.14$33.00$34.00$33.00$33.00
ATM IV37.5%29.0%47.2%30.7%46.2%
Expected Move11.5%10.8%13.5%11.0%13.3%
HV 20d21.1%18.4%23.9%20.0%23.1%
HV 60d31.0%27.7%33.5%33.5%28.5%
IV Rank27.8%7.5%50.9%11.5%48.7%
IV Percentile47.4%4.4%82.1%15.1%78.6%
Term Structure-5.0%-11.6%7.9%7.8%-10.9%
VWIV39.5%36.5%47.1%38.4%46.1%
Skew 25d5.4%3.5%7.8%5.5%4.9%
Skew 10d14.0%8.4%21.4%19.0%21.4%
Call IV 25d36.9%28.9%43.7%28.9%43.7%
Put IV 25d42.3%32.7%49.6%34.4%48.5%
Bid-Ask Spread %20.5616.5224.3923.5917.48
Gamma HHI0.150.100.590.100.12
Net GEX118.4K11.3K492.2K17.4K102.4K
Net DEX-1.6M-3.6M-492.4K-492.4K-1.4M
Net VEX-22.2K-24.5K-20.5K-23.5K-21.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.690.172.890.410.25
Total Volume281.38177607202607
Total OI6,4643,8578,0087,1584,335

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-04-01$32.72$33.0030.7%11.0%20.0%11.5%38.4%5.5%7.8%17.4K-492.4K-23.5K0.4123.59N/AN/A143594,1483,010
2019-04-02$32.66$33.0030.2%11.0%19.5%10.3%37.2%3.5%7.9%23.5K-684.9K-23.9K0.2622.57N/AN/A319844,2633,055
2019-04-03$32.78$33.0030.4%10.9%19.7%10.8%36.8%4.3%-3.6%39.2K-904.4K-24.5K0.5221.94N/AN/A172904,3823,070
2019-04-04$33.30$33.0030.1%10.8%20.6%10.0%38.3%5.8%-3.4%73.0K-1.6M-24.3K0.8919.38N/AN/A1231104,3993,070
2019-04-05$33.41$33.0029.0%10.9%20.1%7.5%37.1%4.4%-4.2%90.4K-2.0M-23.9K0.5923.87N/AN/A1871104,4003,057
2019-04-08$33.34$33.0030.8%11.1%19.5%11.7%38.6%6.1%-4.1%76.6K-1.8M-23.1K0.3624.39N/AN/A76274,4433,051
2019-04-09$32.45$33.0032.6%11.4%21.3%16.1%37.7%4.3%-5.8%11.3K-506.1K-22.2K0.3520.20N/AN/A98344,4743,039
2019-04-10$32.69$33.0039.2%11.2%21.5%31.8%38.2%5.7%-4.9%31.3K-859.6K-22.0K0.3118.52N/AN/A204644,4833,035
2019-04-11$33.14$33.0037.7%10.8%21.0%28.2%36.6%4.8%-4.5%90.9K-1.7M-22.2K0.1719.33N/AN/A439734,5583,039
2019-04-12$33.31$33.0037.9%10.9%21.0%28.6%36.5%5.0%-4.7%179.9K-2.4M-22.5K0.3920.87N/AN/A213824,8073,046
2019-04-15$32.82$33.0038.5%11.0%20.8%30.2%38.4%4.5%-6.0%104.3K-1.2M-20.9K2.8916.52N/AN/A27784,8213,052
2019-04-16$33.66$33.0038.3%11.0%22.5%29.7%38.9%6.3%-5.8%257.7K-2.9M-21.5K0.4324.12N/AN/A65284,8413,095
2019-04-17$33.89$33.0038.6%11.1%22.3%30.5%38.9%5.3%-6.1%309.4K-3.6M-21.5K0.2921.85N/AN/A96284,8613,092
2019-04-18$33.85$33.0038.6%11.1%22.3%30.4%39.0%5.0%-6.4%492.2K-3.5M-21.4K0.2621.71N/AN/A374994,9043,104
2019-04-22$34.02$33.0041.2%11.8%18.7%36.5%39.3%5.8%-6.7%102.3K-2.0M-21.2K0.7920.37N/AN/A1341062,4821,375
2019-04-23$33.70$33.0041.4%11.9%19.2%37.0%40.5%5.0%-6.7%104.0K-1.6M-21.6K1.4320.65N/AN/A1191702,6031,459
2019-04-24$33.81$34.0041.9%12.0%18.4%38.2%40.8%7.8%-7.6%106.0K-1.8M-21.6K0.9418.94N/AN/A1891782,6291,492
2019-04-25$32.52$34.0043.2%12.4%23.6%41.5%42.3%5.7%-7.7%84.6K-734.1K-20.5K1.0318.76N/AN/A2002072,7151,500
2019-04-26$32.85$34.0044.0%12.6%23.8%43.3%43.0%7.2%-9.4%91.3K-918.6K-20.8K1.1618.56N/AN/A1942262,7421,535
2019-04-29$33.16$33.0047.2%13.5%23.9%50.9%47.1%7.4%-11.6%99.3K-1.4M-21.1K0.8318.12N/AN/A42352,7581,520
2019-04-30$33.23$33.0046.2%13.3%23.1%48.7%46.1%4.9%-10.9%102.4K-1.4M-21.2K0.2517.48N/AN/A4861212,7851,550