TEX Options History — October 2019

In October 2019, TEX traded between $23.36 and $29.22. ATM implied volatility averaged 45.5%, placing in the 45.9% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 4.8% (HV 20d: 40.7%). Max pain ranged from $26.00 to $29.00. Net GEX was positive for 0 of 23 trading days. Term structure was in contango for 3 of 23 days. Put/call ratio averaged 2.50.

Notable Days

  • 2019-10-25: Highest Volume — 1,300 contracts
  • 2019-10-31: Largest IV drop — 33.6% change
  • 2019-10-30: Highest IV Rank — 66.8%
  • 2019-10-30: Largest Expected Move — 15.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$26.16$23.36$29.22$24.64$27.29
Max Pain$26.61$26.00$29.00$27.00$29.00
ATM IV45.5%34.9%52.6%40.4%34.9%
Expected Move13.2%10.0%15.1%11.6%10.0%
HV 20d40.7%34.1%45.4%43.0%41.7%
HV 60d45.9%43.6%47.4%46.0%45.2%
IV Rank45.9%23.7%66.8%33.2%23.7%
IV Percentile72.8%24.2%92.9%54.8%24.2%
Term Structure-4.8%-10.8%4.2%4.2%2.2%
VWIV45.0%30.3%54.0%43.1%34.2%
Skew 25d8.1%6.0%11.1%6.5%6.0%
Skew 10d18.5%8.6%36.3%11.9%11.0%
Call IV 25d42.1%32.4%47.9%39.3%32.4%
Put IV 25d50.2%38.4%57.2%45.9%38.4%
Bid-Ask Spread %16.919.6721.979.6717.46
Gamma HHI0.220.140.280.210.18
Net GEX-134.0K-217.5K-5.9K-189.6K-169.3K
Net DEX2.9M-1.1M6.9M5.9M2.1M
Net VEX-23.1K-26.2K-21.3K-24.2K-23.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.500.0319.131.296.91
Total Volume300.478161,3001561,036
Total OI8,290.0875,7489,5979,3247,744

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2019-10-01$24.64$27.0040.4%11.6%43.0%33.2%43.1%6.5%4.2%-189.6K5.9M-24.2K1.299.67N/AN/A68884,0235,301
2019-10-02$23.99$27.0045.5%13.0%44.0%45.7%30.3%6.7%2.2%-176.7K6.5M-22.7K19.1312.33N/AN/A315934,0655,294
2019-10-03$23.88$26.0045.1%13.6%40.6%44.7%49.0%9.8%-4.9%-183.2K6.4M-22.6K1.2815.72N/AN/A791014,0925,245
2019-10-04$24.43$26.0042.0%13.4%41.6%37.1%44.5%8.5%-5.1%-202.4K5.9M-23.1K0.7915.23N/AN/A48384,1395,281
2019-10-07$24.20$26.0043.1%13.5%39.2%39.9%44.0%7.1%-5.0%-202.5K6.1M-22.6K2.2413.89N/AN/A33744,1665,309
2019-10-08$23.36$26.0048.7%14.5%36.1%53.5%48.7%8.4%-6.4%-176.7K6.8M-21.8K0.1413.58N/AN/A138204,1975,360
2019-10-09$23.46$26.0049.3%14.1%34.7%55.0%45.7%7.8%-6.9%-180.0K6.9M-21.3K0.4513.42N/AN/A1154,2375,360
2019-10-10$23.78$26.0047.6%13.6%34.3%50.7%48.7%8.4%-5.2%-183.9K5.4M-21.7K0.4517.30N/AN/A67304,2454,858
2019-10-11$25.12$26.0045.3%13.0%39.5%45.2%42.2%7.5%-5.9%-190.6K3.7M-23.6K0.1321.84N/AN/A119154,3834,871
2019-10-14$25.13$26.0045.2%12.9%39.2%44.8%44.5%8.6%-4.9%-217.5K3.8M-22.8K3.6920.11N/AN/A963544,4124,866
2019-10-15$25.77$26.0043.8%12.6%40.7%41.6%44.6%8.6%-4.9%-177.1K2.8M-22.6K0.2317.15N/AN/A149354,4674,734
2019-10-16$25.26$26.0045.2%13.0%41.1%44.9%44.3%7.1%-5.3%-193.7K3.3M-22.7K0.7319.29N/AN/A64474,5804,720
2019-10-17$26.35$26.0044.4%12.7%44.3%43.1%45.3%6.9%-4.2%-120.2K1.7M-22.9K1.0014.61N/AN/A1121124,6044,691
2019-10-18$26.95$26.0042.7%12.3%45.0%38.9%43.4%8.3%-4.4%-5.9K860.6K-22.7K0.2418.83N/AN/A280664,6504,737
2019-10-21$27.35$26.0045.2%13.0%45.4%44.9%44.1%9.0%-3.6%-68.1K726.5K-22.8K0.1018.42N/AN/A149151,9093,839
2019-10-22$28.05$26.0044.6%12.8%43.3%43.4%47.5%7.6%-4.7%-46.1K43.9K-22.9K1.6520.59N/AN/A1963241,9803,841
2019-10-23$28.38$26.0044.9%12.9%43.3%44.2%46.2%8.0%-4.7%-39.6K-326.2K-22.4K0.0317.27N/AN/A11832,0613,845
2019-10-24$28.24$26.0045.7%13.1%42.9%46.2%45.6%7.3%-5.8%-36.2K-322.7K-23.0K0.3418.30N/AN/A38132,1673,848
2019-10-25$29.06$26.0047.6%13.7%43.3%50.9%49.7%8.6%-7.7%-19.6K-1.1M-22.8K15.6717.35N/AN/A781,2222,2123,859
2019-10-28$29.22$29.0050.3%14.4%42.7%57.5%44.6%11.1%-9.4%-102.3K-174.3K-24.8K0.0818.17N/AN/A267222,2534,994
2019-10-29$28.80$29.0051.6%14.8%36.4%60.6%50.7%9.3%-10.1%-106.7K309.1K-26.0K0.2716.43N/AN/A236632,4995,010
2019-10-30$28.95$29.0052.6%15.1%34.1%66.8%54.0%9.0%-10.8%-93.7K21.2K-26.2K0.6021.97N/AN/A161972,6705,054
2019-10-31$27.29$29.0034.9%10.0%41.7%23.7%34.2%6.0%2.2%-169.3K2.1M-23.4K6.9117.46N/AN/A1319052,7135,031