TEX Options History — October 2021

In October 2021, TEX traded between $39.94 and $46.61. ATM implied volatility averaged 46.6%, placing in the 30.2% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 6.9% (HV 20d: 39.7%). Max pain ranged from $41.00 to $46.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 1 of 21 days. Put/call ratio averaged 0.54.

Notable Days

  • 2021-10-01: Highest Volume — 2,311 contracts
  • 2021-10-29: Largest IV drop — 15.0% change
  • 2021-10-12: Highest IV Rank — 46.0%
  • 2021-10-11: Largest Expected Move — 14.0%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.67$39.94$46.61$43.23$44.61
Max Pain$42.95$41.00$46.00$46.00$43.00
ATM IV46.6%40.5%51.5%46.6%40.5%
Expected Move13.2%11.6%14.0%13.4%11.6%
HV 20d39.7%33.1%45.3%38.0%45.3%
HV 60d38.8%36.6%40.2%40.2%39.6%
IV Rank30.2%10.6%46.0%30.2%10.6%
IV Percentile49.5%16.3%74.6%49.6%16.3%
Term Structure-2.6%-7.3%0.3%0.3%-0.2%
VWIV46.9%41.9%51.0%49.2%41.9%
Skew 25d3.9%-0.3%9.8%3.1%3.2%
Skew 10d10.3%2.4%25.1%6.2%5.8%
Call IV 25d45.4%40.6%47.5%45.3%40.6%
Put IV 25d49.2%43.8%56.1%48.4%43.8%
Bid-Ask Spread %30.4214.4952.4952.4948.20
Gamma HHI0.200.140.280.230.19
Net GEX269.6K29.8K574.0K137.9K574.0K
Net DEX-3.7M-10.3M4.0M-1.2M-6.6M
Net VEX-35.9K-42.3K-27.5K-37.5K-36.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.091.480.100.21
Total Volume626.333692,3112,3111,873
Total OI8,549.8575,87010,2359,0008,212

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2021-10-01$43.23$46.0046.6%13.4%38.0%30.2%49.2%3.1%0.3%137.9K-1.2M-37.5K0.1052.49N/AN/A2,1072045,8953,105
2021-10-04$43.48$45.0049.7%13.7%37.6%40.2%48.7%5.8%-1.7%139.9K-1.4M-36.9K0.6019.13N/AN/A113685,9293,158
2021-10-05$43.76$45.0049.5%13.5%37.6%39.5%47.1%5.0%-3.3%243.4K-3.6M-42.3K0.2014.49N/AN/A154316,8213,232
2021-10-06$43.23$44.0047.9%13.7%36.5%34.6%48.4%4.5%-1.8%224.1K-2.6M-41.8K1.3019.89N/AN/A73956,9173,289
2021-10-07$44.18$43.0045.9%13.1%37.6%27.9%43.0%3.7%-0.6%268.6K-4.8M-42.3K0.2022.82N/AN/A205416,9443,291
2021-10-08$42.25$44.0050.3%13.4%40.4%42.1%45.4%3.8%-5.9%134.2K128.3K-35.8K0.3929.06N/AN/A77306,5273,338
2021-10-11$41.31$43.0050.2%14.0%40.9%41.8%47.2%4.3%-3.6%92.5K1.4M-32.6K0.1726.10N/AN/A157266,6403,353
2021-10-12$40.14$43.0051.5%13.9%37.3%46.0%48.5%3.8%-2.4%37.5K3.6M-28.8K0.8118.06N/AN/A1711386,6383,371
2021-10-13$39.94$43.0047.0%13.5%33.1%31.5%46.9%4.6%-2.1%29.8K4.0M-27.5K0.9230.44N/AN/A1661536,7203,352
2021-10-14$41.24$43.0045.8%13.1%35.7%27.8%44.0%5.1%-0.9%83.7K1.3M-30.7K1.4826.94N/AN/A801186,7953,295
2021-10-15$43.57$41.0044.6%12.8%41.2%23.8%44.6%1.2%-2.0%230.0K-4.0M-35.0K0.0934.43N/AN/A1,048916,9053,186
2021-10-18$43.50$41.0045.6%13.1%41.0%27.1%44.9%5.0%-2.1%283.3K-4.2M-33.8K0.2420.81N/AN/A405984,4321,822
2021-10-19$44.20$41.0044.8%12.8%38.4%24.5%45.0%4.6%-2.1%238.9K-4.4M-32.5K0.1528.17N/AN/A6094,0061,864
2021-10-20$46.20$41.0045.7%13.1%41.2%27.4%45.4%4.0%-3.2%280.1K-7.5M-35.0K0.2231.24N/AN/A1,4923234,2441,965
2021-10-21$45.49$42.0042.1%12.1%41.0%15.8%50.1%2.5%-2.1%447.2K-8.2M-39.6K0.7338.04N/AN/A3412505,3651,955
2021-10-22$45.46$42.0045.1%12.9%41.0%25.5%48.5%2.4%-1.9%446.5K-8.1M-39.2K0.7532.47N/AN/A3442595,3691,974
2021-10-25$46.61$43.0047.3%13.6%40.7%32.7%48.8%3.1%-5.3%460.0K-10.3M-38.6K0.7531.11N/AN/A3212415,3852,002
2021-10-26$45.30$43.0046.4%13.3%41.5%29.7%48.6%9.8%-3.5%439.6K-7.9M-36.8K0.6835.81N/AN/A3302255,3762,017
2021-10-27$43.77$43.0043.7%12.5%42.7%21.0%51.0%1.9%-2.5%394.1K-4.9M-34.3K0.7040.51N/AN/A3132185,3882,030
2021-10-28$45.66$43.0047.6%13.7%44.6%33.6%48.7%-0.3%-7.3%475.5K-8.3M-36.8K0.6838.57N/AN/A4202855,3872,053
2021-10-29$44.61$43.0040.5%11.6%45.3%10.6%41.9%3.2%-0.2%574.0K-6.6M-36.9K0.2148.20N/AN/A1,5513226,0862,126