TEX Options History — October 2020

In October 2020, TEX traded between $20.12 and $26.79. ATM implied volatility averaged 56.6%, placing in the 31.2% IV rank vs the trailing year. The 30-day expected move averaged 16.8%. IV traded below realized volatility by 8.1% (HV 20d: 64.8%). Max pain ranged from $17.00 to $21.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 2 of 22 days. Put/call ratio averaged 0.47.

Notable Days

  • 2020-10-05: Highest Volume — 3,505 contracts
  • 2020-10-14: Largest IV spike — 11.1% change
  • 2020-10-30: Highest IV Rank — 37.5%
  • 2020-10-30: Largest Expected Move — 17.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$24.45$20.12$26.79$20.12$24.45
Max Pain$19.77$17.00$21.00$17.00$21.00
ATM IV56.6%50.6%62.0%51.5%62.0%
Expected Move16.8%14.8%17.8%14.8%17.8%
HV 20d64.8%54.8%76.0%59.1%55.6%
HV 60d52.2%47.5%54.1%47.5%51.2%
IV Rank31.2%24.3%37.5%25.3%37.5%
IV Percentile53.5%38.9%66.3%42.1%66.3%
Term Structure-2.5%-6.2%5.9%5.9%-3.5%
VWIV58.2%51.5%60.5%51.5%59.7%
Skew 25d5.7%3.2%9.8%4.1%7.6%
Skew 10d13.1%2.0%30.6%2.0%12.0%
Call IV 25d55.0%48.2%58.4%48.8%57.7%
Put IV 25d60.7%52.4%65.3%52.9%65.3%
Bid-Ask Spread %47.9426.5775.5168.8657.66
Gamma HHI0.200.120.590.590.12
Net GEX176.4K106.9K300.8K261.0K117.4K
Net DEX-8.2M-13.8M-3.8M-5.2M-3.8M
Net VEX-15.3K-17.4K-10.2K-13.4K-15.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.470.013.480.010.53
Total Volume607.455493,505194110
Total OI8,432.1365,20411,7409,1675,715

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2020-10-01$20.12$17.0051.5%14.8%59.1%25.3%51.5%4.1%5.9%261.0K-5.2M-13.4K0.0168.86N/AN/A19226,3122,855
2020-10-02$21.63$17.0052.1%14.9%63.8%26.0%52.4%4.2%5.0%250.6K-8.3M-11.6K0.0475.51N/AN/A847366,3062,857
2020-10-05$23.93$18.0056.4%17.5%71.5%31.0%60.3%3.2%-6.2%171.8K-11.7M-10.2K0.1131.75N/AN/A3,1473586,3382,865
2020-10-06$23.32$20.0054.0%17.5%72.5%28.2%60.5%4.0%-3.6%249.4K-10.6M-14.1K0.1439.57N/AN/A7141027,4643,215
2020-10-07$24.35$20.0053.7%17.3%73.1%27.9%60.1%5.2%-4.9%278.6K-12.7M-15.3K0.0637.75N/AN/A1,644917,7783,304
2020-10-08$24.88$20.0050.6%17.0%71.3%24.3%59.8%5.8%-2.4%248.9K-13.3M-15.7K0.1238.15N/AN/A785957,8673,325
2020-10-09$24.44$20.0051.6%16.6%72.1%25.5%57.6%5.9%-3.9%252.2K-12.9M-17.4K0.1437.31N/AN/A290418,3253,375
2020-10-12$25.04$20.0053.7%16.9%72.2%27.8%59.5%7.4%-5.9%300.8K-13.8M-16.9K0.2744.19N/AN/A245668,3423,398
2020-10-13$23.70$20.0053.1%16.5%76.0%27.2%59.0%5.4%-2.4%205.3K-11.2M-16.3K0.6644.14N/AN/A1661108,2993,433
2020-10-14$23.53$20.0059.0%16.9%73.2%34.0%58.5%5.1%-3.2%167.4K-10.7M-16.1K3.4843.97N/AN/A1836378,1773,509
2020-10-15$23.93$20.0058.3%16.7%72.9%33.2%58.3%6.1%-1.9%157.2K-10.9M-15.8K0.0337.41N/AN/A644208,1323,546
2020-10-16$24.41$20.0057.5%16.5%73.0%32.2%56.9%4.4%-1.1%106.9K-11.4M-15.8K0.0946.49N/AN/A654597,9903,542
2020-10-19$24.64$20.0059.5%17.1%57.3%34.6%58.2%5.7%-3.8%114.0K-4.3M-15.7K0.1344.56N/AN/A229303,8531,351
2020-10-20$25.26$20.0058.0%16.6%57.1%32.9%57.8%4.8%-2.5%126.7K-5.0M-16.1K0.3026.57N/AN/A102314,0251,381
2020-10-21$26.57$20.0058.5%16.8%55.7%33.4%58.0%5.1%-4.6%133.4K-6.2M-16.6K0.1257.13N/AN/A613724,0621,380
2020-10-22$26.74$20.0057.3%16.4%54.8%32.1%59.9%4.3%-2.1%126.1K-6.0M-15.1K1.6057.73N/AN/A50803,8831,428
2020-10-23$26.79$20.0057.5%16.5%54.9%32.3%56.8%6.5%-2.0%126.7K-6.1M-15.0K1.1552.88N/AN/A1762023,8921,392
2020-10-26$25.68$20.0061.9%17.8%58.3%37.4%59.8%6.8%-4.5%122.3K-4.9M-16.2K0.0957.36N/AN/A163143,9541,590
2020-10-27$25.14$20.0061.8%17.7%59.7%37.2%60.1%5.7%-4.1%122.3K-4.4M-16.3K0.9136.38N/AN/A103944,0111,599
2020-10-28$24.59$21.0058.9%16.9%60.7%33.9%56.5%8.8%-1.1%119.1K-3.8M-16.1K0.3361.81N/AN/A89294,0541,656
2020-10-29$24.70$21.0058.8%16.9%59.9%33.7%59.1%9.8%-3.3%121.7K-4.0M-16.1K0.0957.48N/AN/A4544,0731,654
2020-10-30$24.45$21.0062.0%17.8%55.6%37.5%59.7%7.6%-3.5%117.4K-3.8M-15.5K0.5357.66N/AN/A72384,0631,652