TEX Options History — January 2022

In January 2022, TEX traded between $40.59 and $46.75. ATM implied volatility averaged 46.9%, placing in the 31.2% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 10.7% (HV 20d: 36.2%). Max pain ranged from $44.00 to $46.00. Net GEX was positive for 16 of 20 trading days. Term structure was in contango for 6 of 20 days. Put/call ratio averaged 1.44.

Notable Days

  • 2022-01-21: Highest Volume — 1,161 contracts
  • 2022-01-21: Largest IV spike — 11.1% change
  • 2022-01-28: Highest IV Rank — 69.5%
  • 2022-01-28: Largest Expected Move — 16.8%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$44.25$40.59$46.75$44.20$41.33
Max Pain$44.90$44.00$46.00$45.00$44.00
ATM IV46.9%38.6%58.8%39.6%55.7%
Expected Move13.7%11.1%16.8%11.3%16.0%
HV 20d36.2%33.1%39.0%36.4%36.1%
HV 60d41.0%38.2%43.1%42.8%38.6%
IV Rank31.2%4.6%69.5%7.6%59.7%
IV Percentile56.0%3.6%96.4%10.3%96.0%
Term Structure-1.3%-6.5%5.9%4.1%-6.5%
VWIV48.4%37.0%56.8%37.0%56.3%
Skew 25d6.9%4.0%12.1%5.2%9.4%
Skew 10d16.4%5.8%32.4%5.8%22.3%
Call IV 25d44.6%36.8%51.9%37.1%51.3%
Put IV 25d51.5%41.0%63.5%42.3%60.7%
Bid-Ask Spread %41.2924.8859.2058.2240.77
Gamma HHI0.130.100.150.130.13
Net GEX22.5K-56.5K68.9K21.2K2.7K
Net DEX217.3K-1.3M3.0M606.9K960.7K
Net VEX-12.5K-14.6K-10.0K-10.3K-12.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.440.822.591.002.59
Total Volume736.954891,161489751
Total OI3,323.42,1414,0922,9482,879

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-01-03$44.20$45.0039.6%11.3%36.4%7.6%37.0%5.2%4.1%21.2K606.9K-10.3K1.0058.22N/AN/A2452441,7441,204
2022-01-04$46.41$45.0038.8%11.1%38.7%5.0%38.7%4.1%4.8%39.7K-847.1K-11.8K0.8758.40N/AN/A3543071,7781,276
2022-01-05$45.19$45.0039.4%11.3%37.6%7.0%39.8%4.1%5.9%41.0K-154.0K-12.5K0.8259.20N/AN/A3803121,9151,345
2022-01-06$46.39$45.0039.9%12.3%38.5%8.7%44.7%4.0%0.5%39.1K-915.4K-13.7K0.9027.95N/AN/A4514041,9501,454
2022-01-07$45.53$45.0038.6%12.4%39.0%4.6%46.6%4.9%-0.9%46.1K-258.5K-14.6K1.3427.78N/AN/A2453282,1771,550
2022-01-10$45.89$45.0041.5%13.0%38.3%13.7%48.4%5.1%-2.1%52.3K-545.4K-14.4K1.5824.88N/AN/A1973122,2091,604
2022-01-11$46.21$45.0039.7%12.6%38.0%8.0%46.9%5.1%-1.4%68.9K-1.1M-14.4K1.2026.52N/AN/A3764532,2491,604
2022-01-12$46.43$45.0043.9%12.6%37.5%21.7%46.5%5.3%-1.8%51.4K-1.1M-13.5K1.1933.23N/AN/A3774492,1671,596
2022-01-13$46.75$45.0045.5%13.0%37.5%26.8%44.9%5.0%2.5%56.4K-1.3M-13.3K1.0137.63N/AN/A4194222,1681,605
2022-01-14$46.34$45.0043.1%12.4%36.7%19.0%46.0%5.4%-0.8%50.9K-820.7K-12.7K0.9537.06N/AN/A3893712,1631,600
2022-01-18$46.42$46.0046.2%13.2%36.0%28.9%48.9%6.5%-3.1%58.1K-909.2K-11.7K1.4835.36N/AN/A2273372,1831,606
2022-01-19$44.27$46.0046.5%13.3%35.8%29.9%48.1%5.8%-2.8%30.2K1.3M-10.7K1.3731.10N/AN/A2974062,1951,608
2022-01-20$42.92$46.0046.8%13.4%33.2%31.0%44.9%5.2%0.1%-23.7K2.2M-10.0K1.0656.55N/AN/A2812972,0971,714
2022-01-21$41.98$45.0052.0%14.9%34.2%47.8%51.4%9.2%-1.7%-56.5K3.0M-10.5K1.7949.36N/AN/A4167452,1661,926
2022-01-24$41.60$45.0055.4%15.9%33.1%58.7%55.1%11.6%-2.4%-41.1K1.4M-11.4K1.0240.83N/AN/A4684778751,266
2022-01-25$42.55$44.0054.9%15.7%33.9%57.1%55.7%10.0%-5.2%229448.4K-13.2K2.3240.42N/AN/A2074811,2211,283
2022-01-26$42.48$44.0055.6%15.9%33.9%59.2%55.7%10.1%-5.2%5.0K341.9K-13.1K1.7056.84N/AN/A2894921,2601,283
2022-01-27$41.61$44.0055.7%16.0%34.5%59.7%56.8%12.1%-5.1%11.9K681.4K-13.2K2.2439.78N/AN/A2395361,4631,290
2022-01-28$40.59$44.0058.8%16.8%35.3%69.5%55.1%10.4%-5.2%-4.2K1.2M-12.3K2.4343.87N/AN/A2215371,4541,341
2022-01-31$41.33$44.0055.7%16.0%36.1%59.7%56.3%9.4%-6.5%2.7K960.7K-12.2K2.5940.77N/AN/A2095421,4591,420