TEX Options History — February 2020

In February 2020, TEX traded between $21.54 and $27.11. ATM implied volatility averaged 44.3%, placing in the 59.9% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 8.7% (HV 20d: 35.7%). Max pain ranged from $25.00 to $27.00. Net GEX was positive for 0 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 2.13.

Notable Days

  • 2020-02-18: Highest Volume — 571 contracts
  • 2020-02-12: Largest IV drop — 27.5% change
  • 2020-02-11: Highest IV Rank — 100.0%
  • 2020-02-28: Largest Expected Move — 17.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.99$21.54$27.11$25.51$21.54
Max Pain$26.32$25.00$27.00$27.00$26.00
ATM IV44.3%33.1%59.4%47.0%59.4%
Expected Move12.1%9.5%17.0%13.5%17.0%
HV 20d35.7%20.7%44.9%20.7%44.9%
HV 60d29.2%27.0%31.8%28.4%31.8%
IV Rank59.9%21.7%100.0%60.6%100.0%
IV Percentile76.4%24.2%100.0%93.3%100.0%
Term Structure-2.9%-7.8%-0.3%-5.3%-5.2%
VWIV40.7%31.6%50.8%47.5%50.8%
Skew 25d6.2%4.4%11.5%4.6%11.5%
Skew 10d12.8%2.2%31.6%9.0%31.6%
Call IV 25d39.5%31.1%54.9%44.9%54.9%
Put IV 25d45.8%36.6%66.3%49.4%66.3%
Bid-Ask Spread %21.7114.8160.4415.3860.44
Gamma HHI0.160.100.360.120.22
Net GEX-75.0K-182.8K-38.4K-66.9K-61.0K
Net DEX1.6M407.5K3.1M1.5M3.1M
Net VEX-14.0K-15.2K-12.8K-14.7K-13.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.130.0713.001.006.75
Total Volume217.368205712062
Total OI4,906.0534,4695,4924,4745,311

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-02-03$25.51$27.0047.0%13.5%20.7%60.6%47.5%4.6%-5.3%-66.9K1.5M-14.7K0.0015.38N/AN/A0201,6392,835
2020-02-04$25.97$27.0046.9%13.4%22.5%60.3%47.9%5.2%-6.0%-61.6K1.2M-14.7K1.0014.81N/AN/A62621,6392,830
2020-02-05$27.11$27.0046.3%13.3%28.3%63.3%44.2%6.2%-7.8%-44.7K407.5K-15.2K0.1515.28N/AN/A4771,6902,878
2020-02-06$26.94$25.0046.4%11.3%28.1%76.0%0.0%4.9%-2.5%-46.5K530.5K-15.0K0.1422.56N/AN/A225311,7192,884
2020-02-07$25.59$25.0048.3%11.6%32.9%83.5%40.5%5.5%-2.7%-74.4K1.5M-14.7K7.7619.61N/AN/A171321,7022,910
2020-02-10$25.56$25.0051.7%12.0%31.7%96.4%41.2%6.3%-3.3%-77.5K1.6M-14.5K0.7817.39N/AN/A23181,7092,953
2020-02-11$26.28$25.0056.0%11.9%33.5%100.0%0.0%4.9%-3.1%-66.0K1.1M-14.6K0.8319.73N/AN/A42351,7252,938
2020-02-12$26.77$25.0040.6%11.6%34.3%47.2%40.2%5.4%-3.0%-56.3K689.4K-14.6K0.0719.29N/AN/A8261,7522,964
2020-02-13$26.86$25.0039.3%11.3%34.3%42.7%38.8%4.8%-2.8%-56.0K639.3K-14.6K1.2024.16N/AN/A2292751,7692,971
2020-02-14$25.70$27.0033.1%9.5%37.1%21.7%31.6%5.4%-0.3%-116.4K1.7M-13.8K1.5219.79N/AN/A1702591,9573,162
2020-02-18$24.65$27.0033.8%9.7%39.4%24.0%32.2%5.2%-0.7%-121.0K2.6M-12.8K0.4220.13N/AN/A4011702,0483,191
2020-02-19$24.36$27.0035.9%10.3%38.3%31.2%0.0%4.5%-0.9%-38.4K1.8M-12.8K0.0819.52N/AN/A158122,3293,035
2020-02-20$24.78$27.0034.2%9.8%39.0%25.3%33.7%4.4%-0.6%-75.1K1.3M-13.0K0.0921.83N/AN/A190182,4303,044
2020-02-21$25.15$27.0037.0%10.6%39.4%34.7%35.6%5.5%-1.2%-182.8K824.3K-13.4K0.5918.63N/AN/A2061222,4403,052
2020-02-24$23.86$27.0040.8%11.7%42.7%47.9%40.7%7.4%-1.4%-67.4K2.0M-13.2K1.4923.58N/AN/A931391,8342,810
2020-02-25$23.04$27.0046.7%13.4%43.5%68.1%46.0%8.5%-2.9%-71.8K2.5M-13.3K1.4322.20N/AN/A1932761,8932,877
2020-02-26$22.68$27.0045.8%13.1%43.5%65.1%39.9%8.9%-2.0%-73.7K2.7M-13.5K13.0016.60N/AN/A5652,0543,091
2020-02-27$22.43$27.0053.1%15.2%43.5%89.9%50.8%9.8%-2.7%-66.5K2.7M-13.9K1.0621.57N/AN/A1351432,0563,094
2020-02-28$21.54$26.0059.4%17.0%44.9%100.0%0.0%11.5%-5.2%-61.0K3.1M-13.7K6.7560.44N/AN/A8542,1843,127