TEX Options History — April 2020

In April 2020, TEX traded between $12.72 and $16.34. ATM implied volatility averaged 81.5%, placing in the 61.2% IV rank vs the trailing year. The 30-day expected move averaged 23.1%. IV traded below realized volatility by 25.7% (HV 20d: 107.2%). Max pain ranged from $12.00 to $24.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 0 of 21 days. Put/call ratio averaged 2.22.

Notable Days

  • 2020-04-24: Highest Volume — 3,558 contracts
  • 2020-04-08: Largest IV drop — 11.0% change
  • 2020-04-01: Highest IV Rank — 79.8%
  • 2020-04-01: Largest Expected Move — 28.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$14.30$12.72$16.34$14.38$15.26
Max Pain$13.38$12.00$24.00$24.00$13.00
ATM IV81.5%71.2%98.2%98.2%74.1%
Expected Move23.1%20.4%28.1%28.1%21.2%
HV 20d107.2%89.4%118.3%116.8%97.2%
HV 60d82.7%72.9%91.2%72.9%91.2%
IV Rank61.2%49.6%79.8%79.8%52.9%
IV Percentile90.5%85.7%96.0%96.0%86.5%
Term Structure-8.4%-19.1%-2.3%-9.6%-7.6%
VWIV82.5%71.5%98.5%98.5%90.0%
Skew 25d13.0%5.1%22.7%15.1%13.8%
Skew 10d40.9%7.7%60.8%60.4%39.9%
Call IV 25d75.7%67.7%90.4%90.4%72.8%
Put IV 25d88.7%74.4%105.5%105.5%86.6%
Bid-Ask Spread %40.4620.9664.3146.9331.41
Gamma HHI0.240.180.390.210.23
Net GEX-32.9K-84.2K-13.9K-49.2K-46.1K
Net DEX2.9M1.4M4.5M4.3M1.8M
Net VEX-11.0K-15.3K-8.5K-11.9K-15.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.220.0235.310.151.52
Total Volume366.19393,55876610
Total OI8,569.0954,36810,45610,2699,411

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-04-01$14.38$24.0098.2%28.1%116.8%79.8%98.5%15.1%-9.6%-49.2K4.3M-11.9K0.1546.93N/AN/A66102,7847,485
2020-04-02$13.73$12.0087.6%25.9%115.4%68.0%87.4%18.0%-19.1%-49.9K4.4M-11.1K0.0564.31N/AN/A14972,8067,483
2020-04-03$12.79$12.0090.4%24.3%116.5%71.1%83.0%22.7%-5.6%-50.8K4.5M-9.9K0.6763.11N/AN/A58392,8737,479
2020-04-06$14.40$12.0084.7%22.1%117.7%64.8%73.6%15.6%-8.2%-32.2K4.1M-10.6K0.0252.24N/AN/A12432,9187,479
2020-04-07$14.39$13.0087.8%23.7%115.6%68.2%79.8%14.9%-11.3%-31.4K4.1M-10.8K0.0757.47N/AN/A152102,9757,481
2020-04-08$15.03$13.0078.2%22.4%115.5%57.5%79.5%16.0%-9.3%-22.9K2.8M-11.2K0.0446.30N/AN/A7232,9566,750
2020-04-09$16.34$13.0077.1%22.1%117.2%56.2%79.5%11.8%-11.3%-29.1K2.6M-11.8K0.2050.36N/AN/A69142,9656,753
2020-04-13$15.72$13.0080.0%22.9%118.0%59.5%82.3%12.5%-14.0%-24.7K2.8M-11.0K0.7745.71N/AN/A22172,9656,759
2020-04-14$15.41$13.0076.6%22.0%115.7%55.7%89.3%12.0%-8.6%-20.9K2.9M-10.6K1.0246.25N/AN/A42432,9616,763
2020-04-15$14.41$13.0084.2%24.1%118.3%64.2%81.8%11.8%-12.7%-20.1K3.0M-9.9K0.2637.32N/AN/A61162,9656,740
2020-04-16$13.84$13.0083.8%24.0%113.9%63.8%85.6%13.7%-11.4%-20.0K3.0M-9.3K0.0236.48N/AN/A12532,9746,709
2020-04-17$14.39$13.0080.0%22.9%107.7%59.5%80.4%15.4%-10.3%-20.7K2.9M-9.8K0.6540.88N/AN/A40262,9646,635
2020-04-20$13.53$13.0086.0%24.7%108.6%66.3%86.1%10.6%-3.4%-17.6K2.2M-8.7K0.3644.53N/AN/A263961,4822,886
2020-04-21$12.95$13.0086.7%24.9%98.1%67.1%90.1%12.3%-2.3%-14.0K2.2M-8.5K0.4329.07N/AN/A89381,7032,968
2020-04-22$12.85$13.0083.9%24.1%98.1%63.9%83.5%14.3%-3.3%-13.9K2.2M-8.7K0.5533.83N/AN/A73401,7373,080
2020-04-23$13.53$13.0079.4%22.8%91.4%58.9%83.0%7.9%-4.7%-15.1K2.1M-9.4K3.5225.24N/AN/A1023591,7793,104
2020-04-24$12.72$13.0073.7%21.1%90.9%52.4%77.9%12.0%-4.5%-24.0K2.4M-9.0K35.3122.65N/AN/A983,4601,8503,510
2020-04-27$13.72$13.0071.7%20.6%89.4%50.2%74.6%10.1%-4.7%-84.2K3.1M-14.2K0.6527.85N/AN/A26171,8936,932
2020-04-28$14.90$13.0075.7%21.7%93.7%54.7%75.4%8.1%-8.4%-64.9K2.2M-14.6K0.3020.96N/AN/A4221261,9206,949
2020-04-29$15.98$13.0071.2%20.4%95.5%49.6%71.5%5.1%-6.7%-39.7K1.4M-14.6K0.0226.84N/AN/A683172,1626,963
2020-04-30$15.26$13.0074.1%21.2%97.2%52.9%90.0%13.8%-7.6%-46.1K1.8M-15.3K1.5231.41N/AN/A2423682,4396,972