TEX Options History — April 2021

In April 2021, TEX traded between $44.09 and $48.77. ATM implied volatility averaged 43.9%, placing in the 11.8% IV rank vs the trailing year. The 30-day expected move averaged 13.0%. IV traded above realized volatility by 6.9% (HV 20d: 37.0%). Max pain ranged from $40.00 to $44.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 6 of 21 days. Put/call ratio averaged 0.52.

Notable Days

  • 2021-04-06: Highest Volume — 3,023 contracts
  • 2021-04-12: Largest IV spike — 16.7% change
  • 2021-04-26: Highest IV Rank — 26.7%
  • 2021-04-26: Largest Expected Move — 13.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$46.25$44.09$48.77$46.10$46.76
Max Pain$43.38$40.00$44.00$40.00$43.00
ATM IV43.9%38.1%48.2%42.1%38.9%
Expected Move13.0%11.2%13.8%12.1%11.2%
HV 20d37.0%29.1%42.0%41.6%32.1%
HV 60d42.0%37.9%46.1%46.1%38.8%
IV Rank11.8%0.0%26.7%0.0%2.1%
IV Percentile3.9%0.0%11.1%0.0%0.4%
Term Structure-0.7%-4.1%5.2%5.2%1.1%
VWIV45.1%38.7%47.7%40.2%38.7%
Skew 25d1.0%-3.0%3.0%1.7%1.4%
Skew 10d5.4%1.4%15.5%10.2%15.5%
Call IV 25d44.5%38.2%47.5%41.3%38.2%
Put IV 25d45.5%39.6%48.4%43.0%39.6%
Bid-Ask Spread %40.0223.5291.0391.0358.51
Gamma HHI0.280.170.680.670.18
Net GEX402.3K156.3K960.4K857.2K407.1K
Net DEX-8.6M-12.8M-4.6M-11.0M-8.4M
Net VEX-52.7K-64.1K-30.1K-38.5K-60.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.520.001.730.110.60
Total Volume630.52483,023227217
Total OI11,472.7147,61415,96111,6509,560

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-04-01$46.10$40.0042.1%12.1%41.6%0.0%40.2%1.7%5.2%857.2K-11.0M-38.5K0.1191.03N/AN/A204239,7891,861
2021-04-05$46.55$44.0046.9%13.7%40.8%9.9%47.2%0.9%-0.2%960.4K-12.0M-36.9K0.0323.52N/AN/A29899,6741,879
2021-04-06$45.24$44.0042.2%13.6%41.5%0.2%47.7%1.3%-0.4%597.8K-8.2M-30.1K0.8129.57N/AN/A1,6711,3529,6791,886
2021-04-07$44.48$44.0038.1%13.4%41.7%0.0%46.7%0.5%-0.4%403.1K-6.3M-44.5K0.4025.85N/AN/A1516011,0293,126
2021-04-08$44.09$44.0039.8%13.3%41.4%3.3%46.4%-0.1%0.3%255.6K-5.3M-42.7K0.3130.87N/AN/A1996211,0403,177
2021-04-09$44.58$44.0039.3%12.9%41.6%2.4%44.9%-3.0%-0.2%266.0K-5.7M-42.7K1.7331.30N/AN/A14324711,0083,224
2021-04-12$45.76$44.0045.9%13.2%42.0%15.9%45.7%1.4%0.1%384.9K-6.9M-46.5K0.0034.65N/AN/A374111,0353,470
2021-04-13$45.42$44.0043.8%13.0%42.0%11.6%46.1%1.0%-0.9%304.0K-6.9M-47.9K1.5324.29N/AN/A1,0771,64711,3603,471
2021-04-14$45.58$44.0044.6%12.8%41.9%13.3%45.9%-0.0%0.1%205.7K-7.3M-52.2K0.2131.21N/AN/A471011,7143,766
2021-04-15$45.74$44.0043.9%12.6%40.1%11.7%44.2%1.2%0.0%156.3K-7.5M-51.5K0.0340.77N/AN/A5882011,7233,777
2021-04-16$46.89$43.0043.3%12.4%39.7%10.6%43.5%0.7%-0.6%368.9K-10.1M-55.2K0.0337.42N/AN/A8792212,1933,768
2021-04-19$46.36$44.0044.6%12.8%39.8%13.2%44.0%1.1%-2.3%238.2K-6.5M-58.6K0.6245.13N/AN/A50315,0302,584
2021-04-20$45.02$44.0046.1%13.2%39.8%16.4%45.2%2.8%-1.8%202.1K-4.6M-56.2K0.0232.71N/AN/A768165,0672,605
2021-04-21$46.69$43.0046.1%13.2%31.4%16.4%45.0%1.5%-0.7%330.6K-8.6M-61.5K0.0933.67N/AN/A458415,7312,615
2021-04-22$46.37$43.0045.1%12.9%30.5%15.2%45.1%3.0%-1.1%365.7K-8.7M-63.5K0.2749.15N/AN/A2266,1482,634
2021-04-23$47.45$43.0045.1%12.9%29.9%16.8%44.6%1.0%-1.7%402.9K-10.5M-64.1K0.8441.48N/AN/A1571326,1482,640
2021-04-26$47.93$43.0048.2%13.8%29.4%26.7%46.3%0.4%-4.1%425.1K-11.3M-64.1K0.5240.21N/AN/A54286,2882,759
2021-04-27$47.36$43.0046.5%13.3%29.1%22.3%46.9%1.9%-2.3%413.0K-10.3M-63.3K1.6751.58N/AN/A356,2912,758
2021-04-28$48.77$43.0045.9%13.2%29.8%20.6%45.6%1.7%-3.0%455.1K-12.8M-63.2K0.0463.12N/AN/A1,851666,2892,758
2021-04-29$48.15$43.0045.4%13.0%30.3%19.4%46.3%1.5%-2.0%447.8K-11.2M-63.2K1.0824.31N/AN/A1211316,5612,812
2021-04-30$46.76$43.0038.9%11.2%32.1%2.1%38.7%1.4%1.1%407.1K-8.4M-60.5K0.6058.51N/AN/A136816,6112,949