TEX Options History — April 2022

In April 2022, TEX traded between $32.84 and $36.56. ATM implied volatility averaged 50.2%, placing in the 45.7% IV rank vs the trailing year. The 30-day expected move averaged 14.0%. IV traded above realized volatility by 13.1% (HV 20d: 37.1%). Max pain ranged from $35.00 to $36.00. Net GEX was positive for 8 of 20 trading days. Term structure was in contango for 1 of 20 days. Put/call ratio averaged 1.22.

Notable Days

  • 2022-04-19: Highest Volume — 1,932 contracts
  • 2022-04-11: Largest IV spike — 32.6% change
  • 2022-04-12: Highest IV Rank — 94.7%
  • 2022-04-26: Largest Expected Move — 16.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$34.39$32.84$36.56$35.08$34.00
Max Pain$35.20$35.00$36.00$35.00$35.00
ATM IV50.2%41.1%69.6%41.1%52.3%
Expected Move14.0%12.5%16.4%12.5%15.0%
HV 20d37.1%33.7%47.4%47.4%35.9%
HV 60d44.2%43.4%45.2%43.7%43.9%
IV Rank45.7%22.7%94.7%22.7%50.9%
IV Percentile77.2%30.2%99.6%30.2%88.9%
Term Structure-3.0%-6.2%2.0%2.0%-3.8%
VWIV47.9%43.5%54.9%44.3%49.0%
Skew 25d7.2%0.0%10.4%0.0%7.6%
Skew 10d16.3%1.6%36.6%1.6%10.1%
Call IV 25d45.6%41.6%53.3%50.5%48.2%
Put IV 25d52.8%47.1%61.2%50.5%55.8%
Bid-Ask Spread %57.8743.6272.0058.0072.00
Gamma HHI0.400.080.900.590.20
Net GEX-39.8K-443.2K124.6K-76.6K35.1K
Net DEX1.5M-2.1M3.5M3.0M414.7K
Net VEX-10.3K-16.6K-8.0K-8.4K-11.4K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.220.233.343.341.20
Total Volume850.4121,932846702
Total OI3,048.651,8203,6573,1062,752

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-04-01$35.08$35.0041.1%12.5%47.4%22.7%44.3%0.0%2.0%-76.6K3.0M-8.4K3.3458.00N/AN/A1956511,5091,597
2022-04-04$35.42$35.0043.8%12.5%38.6%29.6%43.5%5.4%-1.4%-85.8K2.9M-8.7K1.7853.30N/AN/A3115551,5291,760
2022-04-05$34.01$36.0043.3%12.7%40.6%28.4%45.4%5.9%-1.1%-96.9K3.2M-8.2K1.8955.69N/AN/A2755201,5791,759
2022-04-06$33.35$36.0047.9%13.4%33.7%40.0%45.5%7.0%-2.7%-93.6K3.5M-8.0K1.5560.14N/AN/A3074751,6141,822
2022-04-07$33.71$35.0044.9%13.4%34.2%32.3%45.7%7.9%-1.6%-102.0K3.1M-8.5K0.9953.62N/AN/A3223181,6551,772
2022-04-08$32.84$35.0045.1%13.8%34.0%32.8%46.3%7.8%-4.4%-77.3K3.3M-8.2K1.3850.07N/AN/A3204421,7001,781
2022-04-11$33.25$35.0059.8%13.9%34.3%69.9%48.1%9.2%-4.2%-86.9K3.3M-8.2K1.1743.62N/AN/A3484061,7151,853
2022-04-12$33.21$35.0069.6%14.0%33.7%94.7%46.9%7.2%-5.0%-72.8K3.2M-8.1K1.1347.71N/AN/A3684171,7721,814
2022-04-13$33.93$35.0047.0%13.5%34.1%37.5%43.9%7.9%-4.6%-87.3K3.0M-8.4K1.2652.63N/AN/A3524421,7991,828
2022-04-14$34.76$36.0046.3%13.3%33.9%35.8%45.5%6.1%-3.5%-443.2K2.5M-9.3K1.2458.10N/AN/A3564401,8101,847
2022-04-18$34.71$36.0050.0%14.3%33.9%45.2%47.2%10.4%-4.8%-11.7K851.1K-9.1K0.9251.10N/AN/A353326862958
2022-04-19$36.06$35.0046.9%13.4%37.4%37.2%45.5%8.1%-1.2%-3.0K383.8K-10.2K0.2360.09N/AN/A1,570362984984
2022-04-20$36.56$35.0046.5%13.3%37.7%36.3%48.1%6.8%-1.3%124.6K-2.1M-16.6K1.2454.01N/AN/A2893572,2571,016
2022-04-21$35.85$35.0048.2%13.8%37.2%40.7%48.1%8.3%-2.4%119.5K-1.5M-16.1K0.2661.69N/AN/A1,3143362,2911,054
2022-04-22$34.25$35.0050.9%14.6%40.2%47.5%49.0%7.8%-3.0%32.5K278.1K-12.1K0.2462.31N/AN/A1,3273241,5821,060
2022-04-25$34.35$35.0054.8%15.7%40.3%57.3%52.9%5.3%-5.2%34.5K285.1K-11.8K1.0163.13N/AN/A3213241,5921,069
2022-04-26$33.67$35.0057.3%16.4%40.4%63.7%54.9%7.4%-6.2%28.5K488.6K-11.4K1.0466.70N/AN/A3213331,5881,069
2022-04-27$34.17$35.0056.3%16.1%37.8%61.1%54.3%8.6%-4.8%31.6K293.2K-11.8K1.4064.78N/AN/A571,5881,079
2022-04-28$34.58$35.0052.2%15.0%36.8%50.8%53.9%9.3%-0.0%34.7K156.3K-11.9K1.2168.75N/AN/A2793381,5921,081
2022-04-29$34.00$35.0052.3%15.0%35.9%50.9%49.0%7.6%-3.8%35.1K414.7K-11.4K1.2072.00N/AN/A3193831,6331,119