TEX Options History — July 2019

In July 2019, TEX traded between $29.03 and $33.15. ATM implied volatility averaged 35.1%, placing in the 22.1% IV rank vs the trailing year. The 30-day expected move averaged 10.3%. IV traded above realized volatility by 3.8% (HV 20d: 31.3%). Max pain ranged from $28.00 to $31.00. Net GEX was positive for 19 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.29.

Notable Days

  • 2019-07-17: Highest Volume — 3,429 contracts
  • 2019-07-10: Largest IV spike — 21.4% change
  • 2019-07-29: Highest IV Rank — 38.9%
  • 2019-07-29: Largest Expected Move — 12.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$30.67$29.03$33.15$30.56$30.60
Max Pain$29.73$28.00$31.00$30.00$31.00
ATM IV35.1%26.8%42.2%26.8%31.7%
Expected Move10.3%7.7%12.1%7.7%9.1%
HV 20d31.3%28.0%38.1%29.4%38.1%
HV 60d31.6%30.0%34.5%30.0%34.5%
IV Rank22.1%2.2%38.9%2.2%13.9%
IV Percentile39.7%0.8%67.5%0.8%26.6%
Term Structure-2.8%-8.5%8.1%8.1%-1.9%
VWIV36.5%26.9%42.4%28.9%34.3%
Skew 25d5.4%3.5%6.7%4.2%4.0%
Skew 10d11.3%3.7%16.9%16.9%6.3%
Call IV 25d33.7%25.2%39.1%25.8%30.4%
Put IV 25d39.1%29.3%45.1%30.1%34.4%
Bid-Ask Spread %18.158.8025.8910.3317.33
Gamma HHI0.230.080.880.220.11
Net GEX48.1K-1.6M324.9K240.4K-20.5K
Net DEX-238.5K-2.1M5.7M-1.5M798.1K
Net VEX-16.8K-22.4K-13.7K-18.2K-20.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.290.0310.580.141.72
Total Volume726.636363,4299921,071
Total OI5,715.9553,2009,3855,9275,033

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-07-01$30.56$30.0026.8%7.7%29.4%2.2%28.9%4.2%8.1%240.4K-1.5M-18.2K0.1410.33N/AN/A8731194,1791,748
2019-07-02$29.57$30.0028.1%8.1%28.5%5.3%28.2%3.5%7.0%173.1K-38.5K-16.7K0.108.80N/AN/A898924,1861,803
2019-07-03$29.59$30.0027.1%7.8%28.5%2.8%26.9%4.2%8.0%168.8K216.9K-16.2K0.1110.32N/AN/A877954,2291,820
2019-07-05$29.03$28.0029.7%10.4%29.2%9.1%36.7%5.0%-2.0%128.2K807.5K-15.0K0.7225.89N/AN/A119864,2441,819
2019-07-08$29.07$28.0029.2%10.7%29.0%7.9%36.8%5.4%-3.9%131.4K931.8K-14.3K0.7520.51N/AN/A36274,2751,810
2019-07-09$29.44$28.0030.4%10.6%28.0%10.9%37.7%5.1%-2.9%174.5K367.0K-14.5K0.6919.81N/AN/A74514,2951,818
2019-07-10$29.27$28.0036.9%10.6%28.2%26.4%37.8%5.5%-3.4%170.9K572.0K-14.1K0.3316.27N/AN/A129424,3281,796
2019-07-11$29.27$28.0035.8%10.3%28.1%23.7%36.0%5.2%-2.6%167.9K752.1K-13.7K0.2518.31N/AN/A146374,3241,817
2019-07-12$30.62$28.0034.8%10.0%30.2%21.3%36.0%5.3%-2.5%324.9K-1.6M-15.2K0.3121.15N/AN/A4641464,3521,817
2019-07-15$30.47$30.0036.7%10.5%29.2%25.9%36.7%6.0%-3.9%307.0K-1.2M-14.8K0.0319.29N/AN/A3514,2901,928
2019-07-16$30.69$30.0036.3%10.4%29.1%24.9%35.7%5.4%-3.4%321.6K-1.7M-15.0K2.2818.41N/AN/A2595904,3231,929
2019-07-17$29.69$30.0038.5%11.0%31.0%30.2%37.4%5.6%-4.9%99.8K1.1M-14.6K10.5819.53N/AN/A2963,1334,5002,373
2019-07-18$29.78$30.0038.5%11.0%30.7%30.2%40.2%6.1%-4.7%-1.6M5.7M-15.7K0.5418.51N/AN/A6643574,4754,910
2019-07-19$30.70$30.0037.8%10.8%31.4%28.6%38.8%6.7%-5.2%-42.9K-1.5M-14.3K2.9818.27N/AN/A2357014,3214,690
2019-07-22$30.76$30.0039.3%11.3%31.2%32.1%39.3%6.2%-5.4%37.4K-106.8K-15.2K1.2819.92N/AN/A1011291,8131,387
2019-07-23$31.87$30.0040.1%11.5%33.7%33.9%41.0%6.1%-5.9%58.7K-869.6K-16.6K1.5819.69N/AN/A3104901,9121,428
2019-07-24$32.78$31.0038.5%11.0%34.9%30.2%39.9%6.3%-5.8%37.4K-1.3M-19.0K0.3619.58N/AN/A6042202,0451,886
2019-07-25$32.42$31.0040.5%11.6%35.1%34.9%39.3%4.8%-6.5%51.6K-1.4M-20.4K0.5316.88N/AN/A4782522,3141,847
2019-07-26$33.08$31.0039.5%11.3%35.6%32.6%39.6%6.6%-6.2%70.2K-2.1M-21.5K1.3221.22N/AN/A3634782,4341,872
2019-07-29$33.15$31.0042.2%12.1%35.1%38.9%42.4%6.0%-8.5%54.4K-2.0M-22.4K0.9117.76N/AN/A1551412,4422,096
2019-07-30$32.36$31.0034.0%9.7%34.1%19.3%34.5%4.7%-4.8%42.2K-1.2M-22.3K0.9421.46N/AN/A3152972,6152,228
2019-07-31$30.60$31.0031.7%9.1%38.1%13.9%34.3%4.0%-1.9%-20.5K798.1K-20.8K1.7217.33N/AN/A3946772,7072,326