TEX Options History — July 2020

In July 2020, TEX traded between $17.41 and $20.38. ATM implied volatility averaged 63.2%, placing in the 39.1% IV rank vs the trailing year. The 30-day expected move averaged 18.1%. IV traded above realized volatility by 12.2% (HV 20d: 51.1%). Max pain ranged from $20.00 to $22.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.82.

Notable Days

  • 2020-07-15: Highest Volume — 1,363 contracts
  • 2020-07-13: Largest IV spike — 20.9% change
  • 2020-07-13: Highest IV Rank — 52.7%
  • 2020-07-16: Largest Expected Move — 19.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$19.01$17.41$20.38$17.91$18.70
Max Pain$20.27$20.00$22.00$22.00$20.00
ATM IV63.2%56.4%75.2%61.6%56.4%
Expected Move18.1%16.2%19.2%17.7%16.2%
HV 20d51.1%44.1%73.0%73.0%50.0%
HV 60d78.4%70.9%84.3%84.3%72.0%
IV Rank39.1%31.0%52.7%38.7%31.0%
IV Percentile71.2%58.3%86.5%71.4%58.3%
Term Structure-2.3%-5.3%5.1%4.5%-1.5%
VWIV63.0%54.4%70.2%63.4%54.4%
Skew 25d7.8%2.4%12.1%9.9%5.9%
Skew 10d19.5%-5.4%51.2%6.4%0.7%
Call IV 25d59.4%52.4%63.9%56.9%52.4%
Put IV 25d67.2%58.2%71.3%66.8%58.2%
Bid-Ask Spread %35.6819.5353.5419.5340.55
Gamma HHI0.140.110.180.110.16
Net GEX25.5K9.6K39.6K16.7K24.6K
Net DEX-911.3K-2.0M503.3K213.9K-1.0M
Net VEX-12.2K-13.7K-11.0K-13.7K-11.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.820.002.810.272.81
Total Volume181261,36338122
Total OI6,339.3644,4467,8447,7694,956

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-07-01$17.91$22.0061.6%17.7%73.0%38.7%63.4%9.9%4.5%16.7K213.9K-13.7K0.2719.53N/AN/A3083,9813,788
2020-07-02$18.18$22.0061.2%17.5%70.1%38.3%60.1%6.6%5.1%24.9K-106.0K-13.7K0.0529.53N/AN/A4223,9763,790
2020-07-06$18.56$21.0061.7%18.2%62.6%37.4%64.2%8.0%-3.6%25.7K-105.5K-13.5K2.3147.71N/AN/A3828844,0143,786
2020-07-07$17.93$21.0064.1%18.8%60.5%40.2%68.7%10.4%-3.2%20.6K173.5K-12.9K1.5038.28N/AN/A28424,0283,786
2020-07-08$18.06$20.0060.7%18.5%60.5%36.0%63.2%9.9%-3.8%16.5K155.4K-12.3K1.5036.36N/AN/A22334,0213,753
2020-07-09$17.41$20.0065.4%19.1%56.2%41.4%66.2%8.4%-3.1%9.6K503.3K-12.1K0.9442.28N/AN/A32304,0443,785
2020-07-10$17.70$20.0062.2%18.7%47.3%37.6%0.0%5.7%-0.6%14.9K294.5K-11.9K0.6741.03N/AN/A18124,0753,764
2020-07-13$18.20$20.0075.2%18.7%48.0%52.7%64.2%5.3%-0.4%21.8K-70.9K-12.0K0.2846.39N/AN/A43124,0803,764
2020-07-14$18.59$20.0069.0%18.6%46.8%45.5%66.7%9.0%-3.7%24.1K-909.2K-12.0K0.5928.65N/AN/A34204,0983,410
2020-07-15$19.40$20.0064.4%18.5%44.5%40.2%62.4%8.5%-2.0%37.3K-1.4M-12.1K2.0828.48N/AN/A4429214,0983,418
2020-07-16$19.47$20.0067.0%19.2%44.5%43.3%70.2%8.9%-3.7%33.7K-1.5M-12.1K1.2539.92N/AN/A20254,1813,430
2020-07-17$19.23$20.0063.9%18.3%44.8%39.7%60.1%12.1%-4.9%11.1K-1.5M-11.9K1.0940.35N/AN/A32354,1823,376
2020-07-20$18.63$20.0066.2%19.0%45.6%42.3%65.1%7.0%-5.3%16.7K-929.6K-11.5K0.2827.91N/AN/A93262,3322,114
2020-07-21$19.63$20.0061.0%17.5%47.1%36.3%64.8%9.9%-2.8%24.1K-1.4M-11.9K0.0840.35N/AN/A6552,3892,140
2020-07-22$20.35$20.0061.6%17.7%47.4%37.0%60.4%6.4%-2.4%28.5K-1.7M-12.1K0.2323.99N/AN/A60142,4422,141
2020-07-23$20.27$20.0059.5%17.0%44.1%34.5%61.1%7.6%-1.9%33.1K-1.8M-12.0K0.0032.90N/AN/A6202,4992,068
2020-07-24$19.71$20.0060.2%17.3%45.6%35.4%60.6%6.8%-2.5%30.6K-1.6M-12.1K0.4826.68N/AN/A44212,5642,068
2020-07-27$20.38$20.0062.4%17.9%45.6%38.0%61.1%4.5%-4.1%36.7K-2.0M-12.0K0.0624.90N/AN/A8652,5952,087
2020-07-28$19.81$20.0063.8%18.3%46.5%39.5%63.4%2.4%-4.1%34.8K-1.7M-11.8K0.2036.66N/AN/A83172,6562,091
2020-07-29$20.34$20.0062.2%17.8%47.3%37.7%61.4%6.2%-2.6%39.6K-2.0M-12.2K0.0853.54N/AN/A2422,7282,108
2020-07-30$19.79$20.0061.4%17.6%45.2%36.8%62.1%11.8%-3.7%36.4K-1.7M-11.9K1.2639.05N/AN/A46582,7522,108
2020-07-31$18.70$20.0056.4%16.2%50.0%31.0%54.4%5.9%-1.5%24.6K-1.0M-11.0K2.8140.55N/AN/A32902,7702,186