TEX Options History — May 2019

In May 2019, TEX traded between $26.88 and $32.60. ATM implied volatility averaged 35.0%, placing in the 21.9% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 5.4% (HV 20d: 29.6%). Max pain ranged from $30.00 to $33.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 4 of 22 days. Put/call ratio averaged 1.20.

Notable Days

  • 2019-05-14: Highest Volume — 937 contracts
  • 2019-05-13: Largest IV spike — 41.7% change
  • 2019-05-13: Highest IV Rank — 63.7%
  • 2019-05-13: Largest Expected Move — 10.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.67$26.88$32.60$32.33$26.88
Max Pain$30.41$30.00$33.00$33.00$30.00
ATM IV35.0%29.9%52.5%32.2%36.3%
Expected Move9.5%8.3%10.8%9.2%10.4%
HV 20d29.6%25.1%33.3%25.1%31.6%
HV 60d27.7%25.5%31.4%28.9%26.2%
IV Rank21.9%9.6%63.7%15.1%24.8%
IV Percentile42.1%7.1%91.3%34.1%52.4%
Term Structure-0.7%-3.3%0.7%-3.3%-1.3%
VWIV31.4%22.1%38.1%29.5%34.9%
Skew 25d5.3%0.5%6.6%0.5%5.8%
Skew 10d11.4%1.3%24.6%3.0%1.3%
Call IV 25d30.6%26.2%34.2%30.7%34.2%
Put IV 25d36.0%30.8%40.3%31.2%40.0%
Bid-Ask Spread %18.4614.4424.2824.2816.32
Gamma HHI0.130.080.210.110.14
Net GEX5.4K-58.2K84.0K74.7K-24.7K
Net DEX1.3M-669.9K2.8M-547.8K2.4M
Net VEX-15.7K-20.4K-11.5K-20.4K-11.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.200.303.000.380.96
Total Volume348.72713937589220
Total OI4,757.8184,2715,3414,7094,531

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-05-01$32.33$33.0032.2%9.2%25.1%15.1%29.5%0.5%-3.3%74.7K-547.8K-20.4K0.3824.28N/AN/A4261633,0601,649
2019-05-02$31.72$33.0030.3%8.7%25.9%10.5%29.1%3.6%-1.2%56.8K109.8K-18.3K0.7018.79N/AN/A3482433,0781,627
2019-05-03$32.45$33.0029.9%8.6%26.6%9.6%27.2%4.6%-0.9%80.3K-545.3K-19.4K1.0816.83N/AN/A3093343,1071,686
2019-05-06$32.60$30.0031.2%8.3%26.7%12.7%25.3%4.9%-0.3%84.0K-669.9K-19.4K0.3119.80N/AN/A124393,1281,695
2019-05-07$32.14$30.0038.9%9.7%27.1%31.0%30.0%6.1%-0.9%68.7K-236.0K-19.2K1.1222.30N/AN/A2472763,1221,706
2019-05-08$31.73$30.0035.9%9.5%25.8%24.0%30.6%6.2%-1.0%50.8K114.4K-19.8K2.2821.91N/AN/A1272893,1781,817
2019-05-09$31.12$30.0039.4%9.9%26.3%32.3%22.1%6.6%-1.2%25.9K884.9K-18.1K2.0319.16N/AN/A1723493,1481,819
2019-05-10$30.36$30.0037.1%9.7%26.7%26.8%34.5%4.7%-1.6%9.1K1.3M-16.5K2.5820.39N/AN/A1092813,1461,770
2019-05-13$28.95$30.0052.5%10.8%30.5%63.7%38.1%6.5%-1.6%-4.9K2.1M-14.2K0.8915.87N/AN/A65583,1461,770
2019-05-14$29.66$30.0040.0%9.2%32.3%33.7%31.1%5.3%0.7%-43.9K1.7M-15.3K0.7522.70N/AN/A5364013,2051,980
2019-05-15$29.63$30.0032.0%9.2%30.3%14.6%29.1%6.2%-0.3%-50.4K1.6M-15.3K3.0016.09N/AN/A19573,2851,975
2019-05-16$29.62$30.0031.4%9.0%30.0%13.2%30.5%5.3%-0.1%-58.2K1.6M-15.3K1.4620.12N/AN/A721053,3001,995
2019-05-17$28.51$30.0032.1%9.2%31.9%14.9%31.2%6.5%-0.2%-8.3K2.8M-13.5K1.1120.19N/AN/A1611783,3431,998
2019-05-20$28.15$30.0034.6%9.9%31.5%20.9%34.1%5.8%-0.3%-16.9K1.9M-13.2K1.5716.58N/AN/A681072,6401,631
2019-05-21$28.73$30.0031.7%9.1%33.3%14.0%30.9%6.3%-0.2%-15.7K1.7M-14.4K0.6618.27N/AN/A1831212,6591,694
2019-05-22$28.77$30.0031.5%9.0%33.2%13.5%31.5%4.6%0.6%-11.0K1.6M-14.6K0.5918.34N/AN/A2531502,6961,700
2019-05-23$27.95$30.0034.9%10.0%32.1%21.5%33.3%6.2%-1.1%-14.3K1.9M-13.9K0.5515.00N/AN/A2751522,7451,707
2019-05-24$28.16$30.0033.7%9.7%32.0%18.8%32.5%4.7%0.0%-16.3K1.8M-14.1K0.5515.80N/AN/A2701482,7401,733
2019-05-28$27.80$30.0034.4%9.9%31.3%20.3%35.1%6.3%-0.8%-22.2K2.1M-13.0K0.3017.53N/AN/A1032,7411,732
2019-05-29$27.73$30.0035.9%10.3%31.2%24.0%36.1%6.0%-0.7%-22.8K2.1M-12.8K2.1714.44N/AN/A30652,7511,731
2019-05-30$27.77$30.0034.9%10.0%30.6%21.6%34.8%4.7%0.1%-23.0K2.1M-12.7K1.3515.33N/AN/A55742,7711,737
2019-05-31$26.88$30.0036.3%10.4%31.6%24.8%34.9%5.8%-1.3%-24.7K2.4M-11.5K0.9616.32N/AN/A1121082,7941,737