TEX Options History — February 2022

In February 2022, TEX traded between $40.05 and $44.74. ATM implied volatility averaged 49.8%, placing in the 48.8% IV rank vs the trailing year. The 30-day expected move averaged 13.7%. IV traded above realized volatility by 11.8% (HV 20d: 38.0%). Max pain ranged from $42.00 to $44.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 1 of 19 days. Put/call ratio averaged 1.25.

Notable Days

  • 2022-02-18: Highest Volume — 981 contracts
  • 2022-02-28: Largest IV spike — 23.6% change
  • 2022-02-08: Highest IV Rank — 75.6%
  • 2022-02-28: Largest Expected Move — 15.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$42.29$40.05$44.74$43.16$41.21
Max Pain$43.21$42.00$44.00$44.00$42.00
ATM IV49.8%41.8%58.9%53.2%53.9%
Expected Move13.7%12.0%15.4%15.2%15.4%
HV 20d38.0%33.2%41.3%39.7%40.3%
HV 60d38.9%37.8%40.4%39.7%38.3%
IV Rank48.8%20.1%75.6%51.5%73.4%
IV Percentile77.3%35.7%98.8%92.9%94.4%
Term Structure-2.6%-9.8%0.8%-6.5%-9.8%
VWIV45.1%41.2%54.4%54.4%42.9%
Skew 25d7.9%4.7%14.0%7.1%11.7%
Skew 10d15.0%3.0%29.2%10.2%18.6%
Call IV 25d44.4%40.4%50.1%49.6%45.5%
Put IV 25d52.3%47.0%59.7%56.7%57.2%
Bid-Ask Spread %44.5131.4562.8839.6036.84
Gamma HHI0.140.080.280.130.09
Net GEX75.1K3.9K274.3K32.2K33.9K
Net DEX31.5K-2.8M1.1M-148.3K615.7K
Net VEX-11.7K-13.2K-10.2K-13.2K-10.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.250.492.832.302.14
Total Volume720.105577981702577
Total OI3,2122,3244,0812,9302,578

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-02-01$43.16$44.0053.2%15.2%39.7%51.5%54.4%7.1%-6.5%32.2K-148.3K-13.2K2.3039.60N/AN/A2134891,5011,429
2022-02-02$42.32$44.0053.4%15.3%35.5%52.1%54.1%7.1%-6.9%25.0K272.4K-12.8K2.3533.03N/AN/A2084881,5271,430
2022-02-03$42.03$43.0055.1%13.5%34.6%57.8%45.6%7.0%-0.8%22.1K436.7K-12.4K2.8331.45N/AN/A1935461,5331,433
2022-02-04$41.18$43.0058.7%13.6%33.2%69.3%45.3%11.4%-1.7%3.9K1.1M-11.6K1.3343.63N/AN/A3634841,5341,495
2022-02-07$41.89$43.0058.9%14.0%33.8%69.8%45.7%14.0%-2.1%22.3K436.8K-12.1K1.1241.98N/AN/A3894351,6361,502
2022-02-08$42.87$43.0058.1%13.6%34.9%75.6%45.5%7.1%-1.7%49.4K-105.0K-12.7K0.8935.27N/AN/A4403931,6681,533
2022-02-09$44.02$43.0046.8%13.4%36.3%42.3%45.5%4.7%-3.6%79.6K-1.2M-12.9K0.4937.40N/AN/A4662291,7261,536
2022-02-10$43.68$44.0049.0%14.0%36.3%51.7%47.0%5.9%-3.8%72.8K-915.8K-13.1K0.7441.38N/AN/A3822831,7621,580
2022-02-11$42.41$44.0044.3%12.7%37.2%31.2%41.7%6.7%-1.5%119.8K77.4K-12.6K0.7438.34N/AN/A3832842,1751,642
2022-02-14$42.10$44.0047.6%13.6%37.2%45.6%42.5%5.3%-4.0%108.1K582.6K-10.7K0.6553.36N/AN/A4212742,1601,698
2022-02-15$43.96$44.0044.5%12.8%40.9%32.3%41.2%6.2%-0.1%274.3K-1.5M-12.0K0.8538.82N/AN/A3843282,2531,694
2022-02-16$44.74$44.0041.8%12.0%37.9%20.1%41.7%11.5%-0.3%233.8K-2.8M-12.9K0.9350.92N/AN/A3182962,3241,713
2022-02-17$42.58$42.0045.0%12.9%40.4%34.2%42.7%7.6%-1.1%175.9K60.8K-10.7K1.2246.83N/AN/A2953602,3301,674
2022-02-18$41.95$44.0045.5%13.1%40.0%36.6%43.3%7.7%-0.5%72.8K661.3K-10.3K0.8743.49N/AN/A5244572,3751,706
2022-02-22$41.03$44.0048.7%14.0%40.6%50.7%44.6%7.4%-1.5%12.2K790.6K-10.5K1.1957.27N/AN/A2993561,337987
2022-02-23$40.05$42.0050.0%14.3%40.5%56.0%44.3%7.2%-2.7%21.2K990.6K-10.2K1.0854.18N/AN/A3223471,485998
2022-02-24$40.85$42.0048.5%13.9%41.3%49.5%46.4%6.3%-1.4%34.1K631.9K-10.8K0.8962.88N/AN/A4153701,5371,000
2022-02-25$41.56$42.0043.6%12.5%41.2%28.1%42.1%7.6%0.8%32.8K573.5K-10.9K1.1759.11N/AN/A3093621,5041,033
2022-02-28$41.21$42.0053.9%15.4%40.3%73.4%42.9%11.7%-9.8%33.9K615.7K-10.7K2.1436.84N/AN/A1843931,5441,034