TEX Options History — May 2021

In May 2021, TEX traded between $49.40 and $55.36. ATM implied volatility averaged 41.7%, placing in the 10.3% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 0.7% (HV 20d: 40.9%). Max pain ranged from $43.00 to $48.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 10 of 20 days. Put/call ratio averaged 0.40.

Notable Days

  • 2021-05-14: Highest Volume — 1,765 contracts
  • 2021-05-11: Largest IV spike — 9.8% change
  • 2021-05-19: Highest IV Rank — 22.7%
  • 2021-05-19: Largest Expected Move — 13.2%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$52.19$49.40$55.36$49.40$52.45
Max Pain$46.75$43.00$48.00$43.00$48.00
ATM IV41.7%37.7%46.2%39.9%39.5%
Expected Move11.9%11.3%13.2%11.4%11.3%
HV 20d40.9%36.0%44.8%37.4%42.5%
HV 60d39.3%38.3%40.6%39.4%38.5%
IV Rank10.3%0.0%22.7%4.8%4.8%
IV Percentile4.4%0.0%13.9%1.6%2.0%
Term Structure-0.0%-1.7%1.3%0.7%-0.2%
VWIV41.4%37.5%45.9%39.6%39.2%
Skew 25d1.8%-0.4%3.5%-0.4%0.9%
Skew 10d5.7%-2.4%16.0%0.5%3.1%
Call IV 25d40.7%37.9%44.0%39.7%38.6%
Put IV 25d42.6%39.3%47.5%39.3%39.5%
Bid-Ask Spread %49.5930.2884.3363.9834.46
Gamma HHI0.350.230.450.230.45
Net GEX583.8K517.9K655.3K517.9K655.3K
Net DEX-17.7M-25.1M-12.4M-13.6M-16.1M
Net VEX-61.8K-67.4K-55.7K-59.6K-63.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.400.042.290.150.06
Total Volume350.21001,765180100
Total OI9,973.759,53110,9819,5629,847

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-05-03$49.40$43.0039.9%11.4%37.4%4.8%39.6%-0.4%0.7%517.9K-13.6M-59.6K0.1563.98N/AN/A156246,6202,942
2021-05-04$50.51$43.0040.4%11.6%36.0%6.1%39.5%0.0%1.3%569.7K-16.0M-60.6K0.4875.76N/AN/A165806,6432,888
2021-05-05$52.07$43.0039.8%11.4%36.0%4.5%39.3%1.9%0.6%594.4K-18.5M-60.4K0.1784.33N/AN/A374636,6672,932
2021-05-06$53.86$47.0040.1%11.3%36.6%5.3%40.8%2.4%0.9%604.2K-22.2M-59.3K0.1658.83N/AN/A230376,7892,981
2021-05-07$54.58$47.0037.7%11.5%36.6%0.0%40.2%3.1%-0.6%594.0K-23.8M-57.4K0.1254.54N/AN/A9721176,8223,004
2021-05-10$53.75$47.0041.4%11.7%37.2%9.8%37.5%1.1%0.3%578.9K-20.7M-59.3K0.9956.31N/AN/A1301296,6563,106
2021-05-11$51.81$47.0045.5%12.0%40.1%20.7%41.4%2.2%0.7%564.0K-16.7M-59.2K0.2351.92N/AN/A81196,6543,124
2021-05-12$51.40$47.0044.6%12.8%40.4%18.3%45.1%2.3%-0.0%534.9K-15.8M-59.4K0.2449.98N/AN/A177426,6503,123
2021-05-13$53.32$47.0043.3%12.4%41.9%14.9%43.6%2.7%-1.1%555.2K-19.3M-58.0K2.2932.16N/AN/A34786,5643,152
2021-05-14$54.45$47.0042.7%12.2%41.7%13.3%42.9%2.1%-0.8%578.1K-21.5M-55.7K0.0440.42N/AN/A1,698676,5653,219
2021-05-17$55.36$47.0043.9%12.6%41.2%16.4%44.3%3.3%-0.7%640.8K-25.1M-64.7K0.1342.31N/AN/A199257,2563,242
2021-05-18$53.45$47.0042.8%12.3%41.9%13.5%42.3%2.6%-0.6%637.4K-21.2M-65.2K0.3630.89N/AN/A203747,2433,245
2021-05-19$51.57$47.0046.2%13.2%43.4%22.7%45.9%3.5%-1.7%593.0K-17.2M-67.4K0.4846.58N/AN/A3211537,3413,315
2021-05-20$50.15$48.0043.5%12.5%44.8%15.4%43.6%2.8%-0.3%593.4K-14.4M-67.0K0.4930.28N/AN/A152757,5373,404
2021-05-21$50.76$48.0041.7%12.0%44.3%10.6%41.6%2.0%0.1%581.3K-16.2M-66.3K0.2146.28N/AN/A343717,5583,423
2021-05-24$51.31$48.0040.8%11.7%44.3%8.1%41.3%1.4%-0.2%561.1K-13.8M-64.9K0.4241.85N/AN/A86366,5503,072
2021-05-25$50.52$48.0040.7%11.7%44.5%8.0%40.8%1.1%0.5%530.6K-12.4M-63.0K0.4158.99N/AN/A117486,5913,102
2021-05-26$50.67$48.0039.4%11.3%43.4%4.4%39.5%1.3%0.4%551.3K-12.6M-62.5K0.4753.34N/AN/A100476,6553,148
2021-05-27$52.31$48.0039.8%11.4%44.3%5.4%40.2%-0.3%0.0%639.8K-15.8M-63.9K0.1238.57N/AN/A162196,6603,185
2021-05-28$52.45$48.0039.5%11.3%42.5%4.8%39.2%0.9%-0.2%655.3K-16.1M-63.0K0.0634.46N/AN/A9466,6533,194