TEX Options History — March 2022

In March 2022, TEX traded between $35.40 and $40.22. ATM implied volatility averaged 48.8%, placing in the 38.8% IV rank vs the trailing year. The 30-day expected move averaged 14.6%. IV traded below realized volatility by 5.6% (HV 20d: 54.4%). Max pain ranged from $35.00 to $46.00. Net GEX was positive for 15 of 23 trading days. Term structure was in contango for 10 of 23 days. Put/call ratio averaged 1.83.

Notable Days

  • 2022-03-14: Highest Volume — 792 contracts
  • 2022-03-31: Largest IV drop — 27.1% change
  • 2022-03-07: Highest IV Rank — 100.0%
  • 2022-03-07: Largest Expected Move — 20.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$38.07$35.40$40.22$38.37$35.93
Max Pain$40.71$35.00$46.00$42.00$35.00
ATM IV48.8%32.1%71.7%56.6%32.1%
Expected Move14.6%12.5%20.6%16.2%12.8%
HV 20d54.4%47.1%60.2%47.1%49.5%
HV 60d43.6%39.9%45.5%39.9%43.8%
IV Rank38.8%0.0%100.0%85.4%0.0%
IV Percentile70.1%0.0%100.0%97.6%0.0%
Term Structure0.5%-8.6%16.9%-8.6%16.9%
VWIV49.7%40.3%65.4%53.9%43.3%
Skew 25d8.7%4.0%14.8%7.6%13.7%
Skew 10d16.4%-0.7%36.1%17.3%36.1%
Call IV 25d44.9%35.5%53.6%53.4%41.6%
Put IV 25d53.6%44.1%63.5%61.1%55.3%
Bid-Ask Spread %54.3336.2591.0946.4052.40
Gamma HHI0.190.090.690.090.69
Net GEX2.4K-97.1K35.1K6.3K-97.1K
Net DEX1.7M736.6K2.8M1.6M2.8M
Net VEX-9.3K-11.6K-7.6K-8.7K-8.7K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.830.952.662.301.59
Total Volume601.522478792720513
Total OI2,992.4782,4063,4022,6433,115

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-03-01$38.37$42.0056.6%16.2%47.1%85.4%53.9%7.6%-8.6%6.3K1.6M-8.7K2.3046.40N/AN/A2185021,5681,075
2022-03-02$40.22$42.0053.2%15.3%47.6%70.3%40.3%6.5%-4.0%33.6K736.6K-11.6K2.3943.01N/AN/A1874471,7811,242
2022-03-03$40.20$42.0049.3%14.1%47.3%53.0%46.8%9.0%-0.9%35.1K808.8K-11.4K2.4469.83N/AN/A1834471,7861,239
2022-03-04$38.29$42.0059.9%17.2%50.0%99.8%49.6%5.5%0.6%9.2K1.6M-9.9K1.8766.05N/AN/A1803361,7911,239
2022-03-07$35.40$42.0071.7%20.6%56.3%100.0%65.4%9.9%-6.1%-14.9K2.4M-7.6K1.6470.73N/AN/A1923151,7951,249
2022-03-08$36.00$42.0056.9%18.3%56.3%57.1%62.3%12.2%-0.8%-8.7K2.2M-8.1K1.9077.33N/AN/A1773371,7911,256
2022-03-09$38.19$42.0050.0%14.7%60.2%37.0%58.2%11.4%-2.4%6.3K1.7M-9.1K1.8290.28N/AN/A1863391,8011,288
2022-03-10$37.78$42.0049.4%16.1%59.0%35.3%57.9%9.5%-2.3%-2.2K1.9M-8.6K1.7276.27N/AN/A1983401,8201,292
2022-03-11$38.38$42.0051.8%16.2%59.6%42.3%58.0%7.9%-3.3%9.1K1.6M-9.6K1.5691.09N/AN/A2383721,8431,312
2022-03-14$37.58$46.0052.3%14.3%59.2%43.8%45.5%8.5%-2.0%-1.0K2.0M-8.7K1.4448.00N/AN/A3254671,8711,339
2022-03-15$38.07$46.0051.8%14.3%59.6%42.2%42.5%11.0%-1.3%6.9K1.9M-9.4K2.3349.63N/AN/A1994631,9661,414
2022-03-16$38.74$46.0047.4%13.6%57.5%29.7%46.8%8.9%0.7%13.4K1.7M-9.5K2.6441.72N/AN/A1844851,9671,413
2022-03-17$39.75$0.0046.2%14.2%58.0%26.0%0.0%8.9%3.6%34.9K1.2M-10.2K2.6340.50N/AN/A1794701,9741,420
2022-03-18$39.48$0.0046.7%12.5%55.7%27.5%50.9%14.8%-1.3%34.1K1.5M-9.3K2.2148.07N/AN/A2184821,9711,431
2022-03-21$39.38$39.0044.2%14.0%55.5%20.4%51.4%8.1%4.2%8431.2M-9.5K0.9651.29N/AN/A2992861,2141,192
2022-03-22$38.77$39.0041.3%12.6%55.3%11.8%48.7%4.0%2.3%12.6K1.3M-9.5K1.3854.22N/AN/A2092891,3781,197
2022-03-23$37.76$39.0045.4%13.2%55.4%23.8%46.2%5.3%2.4%7.2K1.6M-9.1K1.2244.31N/AN/A2152631,4201,200
2022-03-24$37.70$39.0040.6%13.9%54.7%10.0%45.5%8.5%9.6%9.9K1.8M-8.8K1.7836.25N/AN/A2243991,4421,210
2022-03-25$37.50$39.0046.1%13.3%54.2%25.7%45.6%5.9%-0.0%-3.1K2.0M-9.4K1.2337.53N/AN/A2152651,4321,349
2022-03-28$36.82$39.0046.0%12.8%54.4%25.5%46.4%8.0%-1.1%-16.7K2.4M-8.1K0.9537.41N/AN/A3243071,4491,369
2022-03-29$38.27$35.0039.4%12.8%50.6%6.3%44.0%8.6%4.8%3.0K1.7M-10.0K1.5339.71N/AN/A2593961,4981,441
2022-03-30$37.00$35.0044.0%12.9%48.7%19.8%44.0%7.5%1.2%-23.2K2.3M-9.4K2.6637.63N/AN/A1935131,5031,484
2022-03-31$35.93$35.0032.1%12.8%49.5%0.0%43.3%13.7%16.9%-97.1K2.8M-8.7K1.5952.40N/AN/A1983151,5091,606