TEX Options History — June 2021

In June 2021, TEX traded between $41.10 and $54.00. ATM implied volatility averaged 40.2%, placing in the 6.8% IV rank vs the trailing year. The 30-day expected move averaged 11.4%. IV traded below realized volatility by 1.7% (HV 20d: 41.9%). Max pain ranged from $40.00 to $48.00. Net GEX was positive for 17 of 22 trading days. Term structure was in contango for 20 of 22 days. Put/call ratio averaged 1.21.

Notable Days

  • 2021-06-23: Highest Volume — 1,638 contracts
  • 2021-06-17: Largest IV spike — 11.7% change
  • 2021-06-07: Highest IV Rank — 18.8%
  • 2021-06-17: Largest Expected Move — 12.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$47.56$41.10$54.00$54.00$47.64
Max Pain$44.82$40.00$48.00$48.00$45.00
ATM IV40.2%37.6%44.7%40.7%39.3%
Expected Move11.4%10.8%12.5%11.7%11.3%
HV 20d41.9%35.6%49.8%39.4%46.5%
HV 60d40.3%38.6%41.5%38.6%41.3%
IV Rank6.8%0.0%18.8%7.9%4.4%
IV Percentile5.2%0.0%14.3%4.8%4.0%
Term Structure2.4%-1.4%6.8%-1.4%2.8%
VWIV39.6%34.7%44.6%41.1%40.6%
Skew 25d2.0%-5.6%6.6%1.7%0.9%
Skew 10d6.1%-16.0%19.7%4.3%-7.5%
Call IV 25d38.9%35.6%42.1%40.8%39.0%
Put IV 25d40.9%33.5%44.5%42.6%39.9%
Bid-Ask Spread %68.4029.2995.7338.5274.30
Gamma HHI0.270.170.500.500.20
Net GEX247.3K-162.0K733.4K733.4K233.6K
Net DEX-5.6M-19.6M6.6M-19.6M-5.3M
Net VEX-47.7K-61.8K-35.9K-59.9K-42.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.210.007.810.070.10
Total Volume585.273761,638207240
Total OI10,187.8188,82311,7709,9119,915

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-06-01$54.00$48.0040.7%11.7%39.4%7.9%41.1%1.7%-1.4%733.4K-19.6M-59.9K0.0738.52N/AN/A193146,7143,197
2021-06-02$52.10$48.0037.6%10.8%41.3%0.0%42.9%-1.3%3.4%676.1K-15.8M-60.4K5.2766.02N/AN/A1176176,7793,200
2021-06-03$52.62$40.0040.6%11.4%40.0%7.8%39.9%1.9%6.8%656.5K-16.2M-61.8K0.2375.32N/AN/A95226,7573,795
2021-06-04$52.74$40.0041.1%11.2%38.1%9.2%38.8%3.2%3.7%680.8K-16.5M-61.6K0.3889.58N/AN/A55216,8033,811
2021-06-07$51.41$45.0044.7%11.5%38.6%18.8%41.9%3.0%1.6%585.0K-12.9M-59.1K0.2968.98N/AN/A6301816,7213,828
2021-06-08$51.17$45.0043.9%11.4%38.4%16.7%39.4%2.8%3.5%590.8K-12.3M-58.6K0.0078.57N/AN/A15606,8333,849
2021-06-09$49.44$45.0040.3%11.5%38.1%7.0%40.2%2.2%0.2%444.1K-8.8M-56.1K0.3436.14N/AN/A105366,9383,849
2021-06-10$47.64$45.0038.8%11.1%40.0%3.0%39.1%1.9%1.9%245.2K-4.5M-52.0K0.1988.78N/AN/A123236,9623,847
2021-06-11$48.04$45.0038.6%11.1%37.4%2.7%38.4%2.8%3.5%284.7K-5.3M-51.4K0.5785.43N/AN/A120686,9323,859
2021-06-14$46.53$45.0040.6%11.6%37.2%7.9%35.7%6.6%2.0%123.8K-1.6M-46.3K7.8180.52N/AN/A1491,1646,9613,918
2021-06-15$46.73$45.0039.6%11.3%36.4%5.2%38.2%3.7%2.4%113.3K-2.4M-45.4K0.4329.29N/AN/A145626,8233,860
2021-06-16$45.52$45.0039.2%11.2%35.6%4.1%39.5%4.2%3.2%-72.4K-204.1K-43.6K0.9095.73N/AN/A105946,8573,883
2021-06-17$42.10$45.0043.7%12.5%42.5%16.3%44.6%4.6%-1.2%-129.6K5.2M-35.9K3.4077.89N/AN/A3211,0936,9133,886
2021-06-18$41.10$45.0041.7%12.0%42.3%10.9%42.5%2.2%2.9%-162.0K6.6M-37.2K0.7279.22N/AN/A6474637,0894,681
2021-06-21$42.66$45.0039.5%11.3%44.9%4.9%39.9%1.5%1.8%-113.6K1.2M-37.2K0.4165.52N/AN/A2841174,8413,982
2021-06-22$43.58$45.0039.3%11.3%45.7%4.5%39.3%1.8%2.8%-67.0K406.2K-38.1K0.8232.87N/AN/A1801484,7754,076
2021-06-23$44.77$45.0039.1%11.2%47.2%4.0%38.6%2.4%2.9%12.8K-961.9K-39.0K1.4256.38N/AN/A6769624,7784,173
2021-06-24$46.56$45.0038.6%11.1%49.8%2.7%39.5%-5.6%3.8%140.2K-3.6M-41.0K0.1583.56N/AN/A8561294,9504,291
2021-06-25$46.97$45.0038.2%11.0%48.2%1.6%37.9%-1.7%1.9%174.5K-4.0M-41.4K0.2577.03N/AN/A355875,0404,364
2021-06-28$46.35$45.0039.8%11.4%48.2%5.7%34.7%3.4%3.0%133.5K-3.1M-40.8K0.8752.65N/AN/A2652315,1654,440
2021-06-29$46.59$45.0039.4%11.3%46.6%4.8%39.1%1.9%2.4%156.5K-3.6M-41.3K1.9172.59N/AN/A5251,0025,2834,514
2021-06-30$47.64$45.0039.3%11.3%46.5%4.4%40.6%0.9%2.8%233.6K-5.3M-42.3K0.1074.30N/AN/A219215,3644,551