TEX Options History — July 2021

In July 2021, TEX traded between $42.22 and $47.82. ATM implied volatility averaged 43.5%, placing in the 18.3% IV rank vs the trailing year. The 30-day expected move averaged 12.6%. IV traded below realized volatility by 3.8% (HV 20d: 47.2%). Max pain ranged from $45.00 to $47.00. Net GEX was positive for 19 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 0.54.

Notable Days

  • 2021-07-16: Highest Volume — 1,129 contracts
  • 2021-07-12: Largest IV spike — 16.8% change
  • 2021-07-27: Highest IV Rank — 37.5%
  • 2021-07-27: Largest Expected Move — 14.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$45.84$42.22$47.82$47.50$47.82
Max Pain$45.95$45.00$47.00$45.00$45.00
ATM IV43.5%38.0%49.1%39.9%41.6%
Expected Move12.6%10.9%14.1%11.4%11.9%
HV 20d47.2%44.6%51.2%46.2%44.9%
HV 60d43.9%41.2%45.8%41.2%43.3%
IV Rank18.3%0.9%37.5%6.1%12.9%
IV Percentile20.8%0.8%40.1%8.7%15.1%
Term Structure-1.5%-8.7%4.4%3.1%-3.5%
VWIV43.8%36.9%47.5%36.9%41.7%
Skew 25d2.7%-0.2%6.7%0.8%3.9%
Skew 10d7.6%-9.9%20.7%-9.9%6.0%
Call IV 25d42.7%37.3%47.0%38.9%38.8%
Put IV 25d45.4%37.2%49.6%39.7%42.6%
Bid-Ask Spread %44.3426.5877.7063.8463.10
Gamma HHI0.180.120.300.200.20
Net GEX160.4K-21.4K359.5K238.4K254.2K
Net DEX-2.9M-6.4M1.8M-5.4M-6.4M
Net VEX-41.3K-44.8K-34.3K-42.1K-43.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.121.580.650.36
Total Volume284.19351,129586199
Total OI9,367.3336,82511,9099,9978,033

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-07-01$47.50$45.0039.9%11.4%46.2%6.1%36.9%0.8%3.1%238.4K-5.4M-42.1K0.6563.84N/AN/A3562305,4434,554
2021-07-02$46.94$45.0038.0%10.9%46.2%1.0%39.3%-0.2%4.4%215.9K-4.6M-42.7K1.0677.70N/AN/A17185,7184,775
2021-07-06$44.86$47.0041.2%12.5%47.8%9.5%43.7%2.2%-0.3%73.6K-1.4M-38.8K0.4426.58N/AN/A111495,7154,786
2021-07-07$45.49$47.0041.1%12.6%48.3%9.2%45.1%2.6%-1.0%141.7K-2.4M-38.7K0.2731.56N/AN/A52145,7594,811
2021-07-08$44.29$47.0041.9%12.4%47.8%11.3%44.3%2.1%0.3%54.8K-659.0K-37.6K0.4937.07N/AN/A93465,8074,824
2021-07-09$46.87$47.0038.0%12.1%51.1%0.9%43.3%3.4%-0.6%254.8K-4.6M-39.5K0.8646.88N/AN/A4994295,8724,848
2021-07-12$47.50$47.0044.3%12.4%51.2%17.8%44.0%2.6%-1.0%291.3K-5.9M-43.6K0.2040.07N/AN/A122256,4175,342
2021-07-13$46.31$47.0043.3%12.4%50.7%15.2%42.9%2.4%-1.3%273.6K-4.0M-41.9K0.2134.54N/AN/A158336,4875,354
2021-07-14$45.62$47.0042.4%12.2%51.0%15.2%42.4%2.7%-0.6%288.1K-2.9M-41.1K0.3128.98N/AN/A90286,5445,365
2021-07-15$45.22$47.0042.2%12.1%50.2%15.0%43.1%2.9%-1.4%359.5K-1.8M-38.8K0.1233.56N/AN/A255306,4985,382
2021-07-16$43.10$47.0042.5%12.2%44.9%16.1%42.6%3.7%-0.5%-6.0K1.8M-34.3K1.2737.85N/AN/A4976326,2915,393
2021-07-19$42.22$47.0047.3%13.5%44.6%31.5%46.4%5.0%-2.8%-21.4K1.8M-37.7K0.6338.74N/AN/A2521584,0342,791
2021-07-20$44.72$45.0043.8%12.5%47.3%20.1%43.4%6.7%-1.8%50.6K-898.2K-42.1K0.4347.21N/AN/A118514,2132,939
2021-07-21$45.77$45.0043.2%12.4%47.4%18.3%44.3%4.3%-0.7%91.9K-2.2M-43.5K1.0936.49N/AN/A80874,2792,982
2021-07-22$45.16$45.0045.1%12.9%46.8%24.4%46.0%3.2%-1.4%70.1K-1.5M-43.4K0.1853.57N/AN/A85154,3293,054
2021-07-23$45.78$45.0048.2%13.8%44.8%34.7%44.6%0.8%-8.7%95.2K-2.4M-43.6K0.4447.48N/AN/A32144,3443,071
2021-07-26$46.85$45.0046.4%13.3%45.5%28.8%45.6%3.0%-1.1%139.2K-3.9M-43.4K0.1249.54N/AN/A500594,3443,070
2021-07-27$46.55$45.0049.1%14.1%45.3%37.5%47.3%2.4%-5.2%123.1K-3.4M-43.0K1.5832.40N/AN/A36574,3443,080
2021-07-28$46.76$45.0046.7%13.4%45.3%29.6%47.5%2.0%-4.4%178.8K-4.5M-44.8K0.1845.85N/AN/A117214,7553,129
2021-07-29$47.31$45.0046.7%13.4%44.8%29.7%45.9%0.5%-3.8%201.1K-5.3M-43.5K0.4258.14N/AN/A214894,7693,169
2021-07-30$47.82$45.0041.6%11.9%44.9%12.9%41.7%3.9%-3.5%254.2K-6.4M-43.4K0.3663.10N/AN/A146534,8463,187