TEX Options History — August 2021

In August 2021, TEX traded between $47.73 and $53.65. ATM implied volatility averaged 41.0%, placing in the 11.2% IV rank vs the trailing year. The 30-day expected move averaged 11.7%. IV traded above realized volatility by 0.7% (HV 20d: 40.4%). Max pain ranged from $45.00 to $50.00. Net GEX was positive for 22 of 22 trading days. Term structure was in contango for 15 of 22 days. Put/call ratio averaged 0.70.

Notable Days

  • 2021-08-13: Highest Volume — 2,356 contracts
  • 2021-08-19: Largest IV spike — 7.4% change
  • 2021-08-19: Highest IV Rank — 16.7%
  • 2021-08-19: Largest Expected Move — 12.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.66$47.73$53.65$47.73$51.02
Max Pain$47.86$45.00$50.00$45.00$50.00
ATM IV41.0%39.1%42.7%41.7%39.1%
Expected Move11.7%10.8%12.3%12.0%11.2%
HV 20d40.4%35.8%47.2%44.7%36.2%
HV 60d43.7%42.6%44.5%42.6%43.5%
IV Rank11.2%4.8%16.7%13.4%4.8%
IV Percentile14.7%4.0%24.2%15.9%4.4%
Term Structure0.6%-1.9%4.9%-1.4%1.7%
VWIV40.8%37.8%44.8%41.7%37.8%
Skew 25d2.1%-0.1%7.2%1.5%1.8%
Skew 10d6.6%1.7%17.3%10.4%13.3%
Call IV 25d40.4%37.5%42.5%42.1%38.8%
Put IV 25d42.5%39.5%47.2%43.6%40.6%
Bid-Ask Spread %45.1727.5576.4176.4135.91
Gamma HHI0.360.200.570.200.54
Net GEX434.9K253.5K615.7K268.5K318.3K
Net DEX-10.1M-17.3M-5.8M-6.2M-7.3M
Net VEX-42.5K-47.4K-40.2K-42.8K-41.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.700.048.630.048.63
Total Volume437.045832,356287549
Total OI8,1616,3459,7088,1466,831

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-08-02$47.73$45.0041.7%12.0%44.7%13.4%41.7%1.5%-1.4%268.5K-6.2M-42.8K0.0476.41N/AN/A275124,9113,235
2021-08-03$50.53$45.0040.5%11.6%45.5%9.3%39.5%1.9%0.0%400.3K-11.2M-41.8K0.1874.40N/AN/A8491494,8933,259
2021-08-04$48.97$45.0042.2%12.1%47.2%14.9%41.6%-0.1%-1.9%342.1K-8.5M-41.6K0.2274.25N/AN/A294654,9153,262
2021-08-05$49.45$46.0041.5%11.7%45.8%12.8%40.6%2.9%0.8%399.7K-9.7M-43.9K0.3345.13N/AN/A80265,2353,362
2021-08-06$50.78$46.0039.7%11.6%42.5%6.7%40.7%2.0%0.4%489.6K-12.6M-43.8K0.1746.66N/AN/A71125,3883,373
2021-08-09$49.94$46.0042.4%11.5%43.0%15.8%40.0%1.6%0.9%491.6K-11.2M-43.1K0.3940.68N/AN/A115455,4383,363
2021-08-10$51.14$46.0042.3%10.8%42.3%15.2%40.0%2.0%1.0%546.4K-13.4M-41.5K0.0443.81N/AN/A827295,4413,370
2021-08-11$52.75$46.0039.9%11.4%42.6%7.5%40.7%0.8%-0.1%541.2K-16.7M-40.2K0.1235.99N/AN/A380465,4503,369
2021-08-12$53.65$46.0039.6%11.3%42.2%6.4%39.9%1.9%0.9%579.8K-17.3M-40.7K0.3039.13N/AN/A267815,3533,373
2021-08-13$52.29$46.0041.5%11.9%38.9%12.7%41.2%1.4%0.2%583.9K-15.5M-41.4K0.1443.50N/AN/A2,0642925,4293,367
2021-08-16$51.37$46.0042.6%12.2%38.6%16.3%41.9%1.9%-1.2%615.7K-13.2M-40.5K0.3431.11N/AN/A262895,4333,428
2021-08-17$50.04$50.0042.1%12.1%36.3%14.7%42.3%2.2%-0.2%528.2K-10.1M-47.4K0.0727.55N/AN/A708495,9923,716
2021-08-18$49.86$50.0039.8%11.4%35.8%7.1%42.3%1.1%3.5%566.4K-9.8M-46.8K0.8245.52N/AN/A96795,9123,792
2021-08-19$48.42$50.0042.7%12.3%37.2%16.7%44.8%3.1%-1.2%445.2K-6.1M-43.1K0.3938.07N/AN/A209825,6763,786
2021-08-20$48.72$50.0042.5%12.2%37.1%16.0%41.4%4.4%4.9%529.5K-6.1M-41.5K0.6033.77N/AN/A2101275,6703,801
2021-08-23$49.78$50.0041.0%11.7%36.9%10.9%41.8%2.1%1.0%253.5K-5.8M-40.9K0.2337.65N/AN/A213504,3132,032
2021-08-24$51.25$50.0041.3%11.8%37.9%12.1%40.9%1.3%-0.2%298.2K-7.6M-42.2K0.3127.79N/AN/A147454,3222,108
2021-08-25$51.72$50.0040.8%11.7%37.9%10.5%40.9%1.8%0.7%332.1K-8.5M-42.6K0.6549.26N/AN/A132864,4342,167
2021-08-26$50.66$50.0039.7%11.4%38.9%6.8%40.0%7.2%1.4%287.2K-7.3M-43.5K0.8651.01N/AN/A66574,5252,203
2021-08-27$52.36$50.0039.1%11.2%40.2%4.8%38.7%2.0%1.3%378.9K-9.5M-42.8K0.2747.65N/AN/A99274,5172,272
2021-08-30$52.17$50.0040.8%11.7%40.3%10.4%39.9%1.7%1.0%371.5K-9.1M-42.2K0.2348.44N/AN/A207474,5242,302
2021-08-31$51.02$50.0039.1%11.2%36.2%4.8%37.8%1.8%1.7%318.3K-7.3M-41.1K8.6335.91N/AN/A574924,5252,306