TEX Options History — June 2019

In June 2019, TEX traded between $26.70 and $31.55. ATM implied volatility averaged 32.7%, placing in the 16.4% IV rank vs the trailing year. The 30-day expected move averaged 9.3%. IV traded above realized volatility by 0.9% (HV 20d: 31.9%). Max pain ranged from $29.00 to $33.00. Net GEX was positive for 9 of 20 trading days. Term structure was in contango for 17 of 20 days. Put/call ratio averaged 1.00.

Notable Days

  • 2019-06-19: Highest Volume — 1,185 contracts
  • 2019-06-12: Largest IV drop — 7.4% change
  • 2019-06-10: Highest IV Rank — 25.1%
  • 2019-06-03: Largest Expected Move — 10.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$29.18$26.70$31.55$26.70$31.55
Max Pain$30.80$29.00$33.00$30.00$30.00
ATM IV32.7%29.1%36.4%36.3%29.1%
Expected Move9.3%8.3%10.4%10.4%8.3%
HV 20d31.9%26.2%35.9%29.4%26.2%
HV 60d28.7%26.2%29.6%26.2%29.6%
IV Rank16.4%7.7%25.1%24.9%7.7%
IV Percentile30.4%4.8%52.4%52.4%4.8%
Term Structure2.7%-1.1%6.1%-0.7%6.1%
VWIV31.3%19.2%35.3%34.4%30.3%
Skew 25d4.9%3.8%5.8%5.8%3.8%
Skew 10d14.3%-0.9%22.5%10.2%6.5%
Call IV 25d30.4%28.0%35.4%35.4%28.1%
Put IV 25d35.3%31.9%41.2%41.2%31.9%
Bid-Ask Spread %12.879.7316.4213.7610.39
Gamma HHI0.180.110.440.120.18
Net GEX42.1K-39.0K243.3K-38.4K243.3K
Net DEX437.5K-3.1M2.7M2.7M-3.1M
Net VEX-15.2K-20.3K-11.3K-11.3K-20.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.123.241.820.58
Total Volume296.2311,18531258
Total OI4,999.84,6515,8894,6615,889

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-06-03$26.70$30.0036.3%10.4%29.4%24.9%34.4%5.8%-0.7%-38.4K2.7M-11.3K1.8213.76N/AN/A11202,7611,900
2019-06-04$27.99$29.0034.7%9.9%35.5%21.1%35.3%5.1%-1.1%-29.3K2.1M-13.0K1.2416.40N/AN/A38472,7611,890
2019-06-05$28.16$29.0034.6%9.9%35.7%20.9%33.1%4.5%-0.1%-24.7K1.9M-13.6K0.9814.64N/AN/A49482,7811,891
2019-06-06$27.90$33.0033.6%9.9%35.6%18.5%33.4%5.1%1.6%-28.4K2.0M-13.0K1.5811.30N/AN/A761202,7911,894
2019-06-07$28.24$32.0034.2%9.7%35.9%20.0%32.4%5.1%2.1%-28.2K1.8M-13.5K1.3212.83N/AN/A911202,8101,913
2019-06-10$27.66$32.0036.4%9.5%35.6%25.1%34.1%5.4%2.1%-39.0K2.0M-12.1K0.5215.09N/AN/A25132,8141,884
2019-06-11$27.74$32.0035.6%9.7%31.8%23.2%33.7%4.8%1.9%-38.8K1.9M-12.2K0.8714.39N/AN/A1201042,8201,863
2019-06-12$28.03$32.0033.0%9.5%30.7%17.0%33.1%4.9%3.0%-37.2K1.8M-13.4K1.2112.81N/AN/A1321602,9141,947
2019-06-13$28.94$32.0032.0%9.2%33.1%14.7%32.0%5.3%2.9%-10.8K1.2M-14.8K1.2611.09N/AN/A1451832,9061,977
2019-06-14$28.39$32.0032.9%9.4%33.7%16.9%31.7%5.0%2.6%-29.3K1.6M-14.2K1.0514.16N/AN/A1771862,9211,986
2019-06-17$28.71$31.0031.8%9.1%31.1%14.1%19.2%5.2%2.7%-14.7K1.2M-14.5K3.2412.41N/AN/A411332,9461,959
2019-06-18$29.35$31.0032.8%9.4%31.6%16.5%28.2%4.9%2.0%22.7K744.1K-14.9K1.0611.53N/AN/A1261332,9611,984
2019-06-19$29.70$31.0031.7%9.1%31.1%13.9%31.3%3.9%2.9%49.8K402.8K-15.6K0.1815.36N/AN/A1,0081772,9771,986
2019-06-20$30.44$30.0031.7%9.1%32.2%13.9%29.7%5.2%2.7%213.1K-1.8M-18.2K1.1216.42N/AN/A1641843,7432,006
2019-06-21$30.71$30.0030.3%8.7%29.9%10.5%30.0%4.7%3.4%155.2K-1.9M-18.1K0.6910.51N/AN/A2891983,6901,996
2019-06-24$30.76$30.0030.9%8.9%29.9%12.0%31.1%4.7%5.5%109.9K-1.3M-17.7K0.1210.90N/AN/A86103,3421,681
2019-06-25$30.95$30.0031.9%9.1%29.2%14.4%32.5%5.5%4.2%117.0K-1.6M-17.8K0.149.73N/AN/A106153,3901,673
2019-06-26$30.70$30.0030.5%8.8%29.5%11.1%31.3%4.3%5.2%125.9K-1.5M-17.8K0.8611.26N/AN/A1241073,4651,670
2019-06-27$30.95$30.0030.8%8.8%29.5%11.8%29.2%5.2%4.7%124.5K-1.5M-18.2K0.1412.42N/AN/A7901103,4591,755
2019-06-28$31.55$30.0029.1%8.3%26.2%7.7%30.3%3.8%6.1%243.3K-3.1M-20.3K0.5810.39N/AN/A163954,1341,755