TEX Options History — May 2022

In May 2022, TEX traded between $31.62 and $36.56. ATM implied volatility averaged 50.7%, placing in the 47.0% IV rank vs the trailing year. The 30-day expected move averaged 14.2%. IV traded above realized volatility by 5.7% (HV 20d: 45.0%). Max pain ranged from $35.00 to $36.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.48.

Notable Days

  • 2022-05-13: Highest Volume — 1,439 contracts
  • 2022-05-13: Largest IV drop — 24.9% change
  • 2022-05-09: Highest IV Rank — 71.8%
  • 2022-05-11: Largest Expected Move — 15.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$33.65$31.62$36.56$34.49$35.54
Max Pain$35.62$35.00$36.00$35.00$35.00
ATM IV50.7%41.3%60.5%54.4%45.2%
Expected Move14.2%11.8%15.9%15.6%13.0%
HV 20d45.0%35.3%51.4%35.5%50.9%
HV 60d45.8%43.9%47.2%44.1%44.5%
IV Rank47.0%23.2%71.8%56.2%33.1%
IV Percentile77.1%28.2%99.2%91.7%54.4%
Term Structure-1.6%-5.5%11.5%-5.4%-1.7%
VWIV49.0%42.7%55.5%53.6%46.0%
Skew 25d7.8%1.1%13.6%10.2%6.9%
Skew 10d18.6%-6.1%41.9%18.3%18.7%
Call IV 25d46.6%39.0%54.3%47.6%43.3%
Put IV 25d54.5%47.5%59.2%57.8%50.2%
Bid-Ask Spread %71.5550.4895.9173.6868.29
Gamma HHI0.200.130.310.220.16
Net GEX14.9K-34.6K65.1K44.7K38.2K
Net DEX967.1K-758.9K2.6M246.2K-32.5K
Net VEX-12.8K-16.9K-8.8K-11.8K-16.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.480.654.451.780.73
Total Volume739.5245791,439811734
Total OI3,213.192,8353,9022,8353,603

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-05-02$34.49$35.0054.4%15.6%35.5%56.2%53.6%10.2%-5.4%44.7K246.2K-11.8K1.7873.68N/AN/A2925191,6801,155
2022-05-03$34.51$35.0050.6%14.5%35.3%46.7%50.1%7.6%-3.5%41.5K298.8K-11.7K1.9671.56N/AN/A2785441,6801,205
2022-05-04$36.56$35.0046.7%13.4%37.9%36.9%52.0%10.1%-1.3%65.1K-758.9K-12.1K2.1481.47N/AN/A2585521,6891,221
2022-05-05$34.47$36.0053.8%14.2%43.3%54.8%44.6%8.3%-2.1%40.6K356.9K-11.3K2.2150.61N/AN/A2525571,7041,224
2022-05-06$34.26$36.0054.2%14.1%43.2%55.9%46.2%9.5%-1.2%38.8K453.2K-11.5K1.8050.98N/AN/A2384291,7071,244
2022-05-09$33.61$36.0060.5%15.2%42.7%71.8%51.0%8.0%-3.5%28.2K705.0K-10.7K1.6354.21N/AN/A2413931,7091,249
2022-05-10$32.74$36.0059.7%15.4%43.5%69.7%48.4%8.1%-3.6%14.6K1.1M-9.9K1.3850.48N/AN/A2433361,7121,264
2022-05-11$32.21$36.0055.3%15.9%43.9%58.7%55.5%8.7%-0.2%5.3K1.4M-9.0K1.5977.95N/AN/A2443871,7171,266
2022-05-12$31.62$36.0055.0%15.8%43.4%57.8%51.2%1.1%-0.3%-8.6K1.5M-8.8K1.4795.91N/AN/A2623851,7211,286
2022-05-13$32.84$36.0041.3%11.8%44.8%23.2%46.2%13.6%11.5%17.0K959.4K-9.1K4.4589.74N/AN/A2641,1751,7581,230
2022-05-16$32.56$36.0050.6%14.5%44.9%46.7%53.2%5.9%-4.5%-18.7K1.9M-14.0K1.2673.42N/AN/A2883641,7801,933
2022-05-17$34.17$36.0047.6%13.7%46.2%39.3%51.0%8.1%-3.7%28.0K1.1M-14.7K1.2177.15N/AN/A3063701,8271,937
2022-05-18$32.84$36.0051.5%14.8%47.6%48.9%51.0%2.0%-5.5%-8.2K1.8M-14.1K1.2069.82N/AN/A3053671,8451,979
2022-05-19$32.61$36.0051.3%14.7%47.3%48.6%51.4%6.9%-4.0%-23.5K2.1M-13.8K1.2671.98N/AN/A2993781,8661,992
2022-05-20$31.66$36.0050.6%14.5%45.7%46.7%50.8%9.8%1.5%-34.6K2.6M-12.8K1.1673.18N/AN/A3824421,8882,014
2022-05-23$32.96$36.0049.2%14.1%48.3%43.1%48.9%8.0%-2.8%-18.8K1.6M-14.3K0.8377.81N/AN/A3572961,2301,616
2022-05-24$32.54$35.0049.0%14.0%48.0%42.6%48.0%8.3%-0.5%-12.5K1.7M-13.8K0.6573.26N/AN/A4312811,3331,616
2022-05-25$33.94$35.0048.1%13.8%50.2%40.3%44.0%7.3%0.4%9.5K946.4K-15.3K0.7572.08N/AN/A3802851,4671,612
2022-05-26$35.05$35.0045.8%13.1%51.4%34.6%43.3%7.6%-0.8%26.7K356.5K-16.3K0.7673.50N/AN/A4073081,5891,642
2022-05-27$35.49$35.0044.9%12.9%51.1%32.3%42.7%8.0%-1.8%40.1K52.6K-16.4K0.9575.55N/AN/A3603411,6661,621
2022-05-31$35.54$35.0045.2%13.0%50.9%33.1%46.0%6.9%-1.7%38.2K-32.5K-16.9K0.7368.29N/AN/A4243101,7991,804