TEX Options History — August 2022

In August 2022, TEX traded between $32.51 and $38.00. ATM implied volatility averaged 42.0%, placing in the 24.9% IV rank vs the trailing year. The 30-day expected move averaged 12.0%. IV traded below realized volatility by 0.3% (HV 20d: 42.3%). Max pain ranged from $30.00 to $36.00. Net GEX was positive for 23 of 23 trading days. Term structure was in contango for 17 of 23 days. Put/call ratio averaged 1.19.

Notable Days

  • 2022-08-02: Highest Volume — 2,882 contracts
  • 2022-08-03: Largest IV drop — 15.3% change
  • 2022-08-02: Highest IV Rank — 48.8%
  • 2022-08-02: Largest Expected Move — 14.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$35.58$32.51$38.00$33.65$33.46
Max Pain$33.26$30.00$36.00$30.00$36.00
ATM IV42.0%37.3%51.4%48.2%44.9%
Expected Move12.0%10.7%14.7%13.8%12.9%
HV 20d42.3%35.0%46.5%35.0%46.4%
HV 60d49.0%47.9%50.9%48.9%49.8%
IV Rank24.9%13.1%48.8%40.6%32.4%
IV Percentile22.5%0.8%77.4%63.5%39.3%
Term Structure0.6%-7.6%6.2%-3.1%-0.0%
VWIV42.0%36.8%53.7%51.4%43.8%
Skew 25d6.7%2.3%8.3%6.9%7.1%
Skew 10d14.4%3.7%23.6%19.4%10.4%
Call IV 25d38.8%34.7%48.7%46.6%40.9%
Put IV 25d45.4%40.9%56.6%53.5%47.9%
Bid-Ask Spread %53.4130.6085.3647.2367.53
Gamma HHI0.280.100.700.120.14
Net GEX184.5K7.8K624.9K30.3K14.0K
Net DEX-4.8M-9.7M-929.5K-1.5M-1.1M
Net VEX-19.4K-21.3K-15.9K-17.4K-17.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.190.048.000.860.60
Total Volume641.87122,882787815
Total OI5,281.873,6386,5453,6384,171

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-08-01$33.65$30.0048.2%13.8%35.0%40.6%51.4%6.9%-3.1%30.3K-1.5M-17.4K0.8647.23N/AN/A4233641,9611,677
2022-08-02$32.51$30.0051.4%14.7%38.1%48.8%53.7%7.9%-7.6%30.5K-929.5K-17.2K0.5347.37N/AN/A1,8899931,9781,678
2022-08-03$34.10$30.0043.6%12.5%39.7%29.0%45.2%2.3%-1.3%112.5K-3.2M-19.1K1.6766.30N/AN/A6111,0182,8682,130
2022-08-04$34.48$32.0043.3%12.3%37.3%28.4%41.6%7.7%0.5%183.2K-4.7M-20.7K1.1937.68N/AN/A8691,0353,4792,425
2022-08-05$34.14$31.0041.6%12.0%35.5%24.1%40.9%8.2%0.5%198.9K-4.8M-21.0K1.3935.50N/AN/A7421,0323,7962,444
2022-08-08$35.49$31.0043.5%12.0%36.1%28.7%42.2%7.3%0.6%227.8K-6.6M-20.5K1.6732.02N/AN/A6361,0623,8362,446
2022-08-09$34.18$31.0045.8%12.4%40.1%34.7%41.9%8.3%1.5%197.3K-4.9M-20.1K0.9130.60N/AN/A11103,8932,490
2022-08-10$36.60$31.0040.3%11.6%45.2%20.7%43.7%7.2%-0.1%245.9K-8.1M-19.9K0.4447.69N/AN/A4261893,8942,498
2022-08-11$37.16$33.0041.1%11.8%44.4%22.8%39.1%6.6%0.8%244.9K-8.1M-21.3K0.2447.41N/AN/A154373,8332,574
2022-08-12$37.50$33.0038.5%11.0%44.4%16.0%42.4%5.8%2.5%277.9K-8.8M-21.2K1.6648.47N/AN/A47783,9172,556
2022-08-15$37.64$33.0038.5%11.0%44.2%16.2%36.8%6.2%1.6%287.3K-9.1M-20.7K0.1136.22N/AN/A3743,9542,566
2022-08-16$38.00$33.0041.6%11.9%40.7%24.0%37.9%5.3%0.8%293.5K-9.7M-20.1K0.0451.42N/AN/A1,489633,9782,567
2022-08-17$36.61$33.0039.1%11.2%44.1%17.6%41.6%6.2%0.0%393.1K-7.2M-20.7K0.1062.55N/AN/A9393,9602,561
2022-08-18$36.89$33.0038.5%11.0%44.1%16.0%37.7%6.2%1.2%624.9K-7.6M-19.5K0.2151.33N/AN/A3373,8832,566
2022-08-19$36.53$33.0037.3%10.7%43.8%13.1%38.9%8.1%6.2%539.5K-6.4M-19.0K4.5865.46N/AN/A241103,8652,569
2022-08-22$35.88$36.0042.3%12.1%44.0%25.7%41.9%7.5%0.7%45.5K-2.7M-19.0K0.6452.01N/AN/A118752,2891,542
2022-08-23$36.25$36.0041.4%11.9%43.6%23.5%39.8%6.7%1.6%59.3K-3.0M-19.2K0.0452.24N/AN/A9842,3871,594
2022-08-24$35.86$36.0040.6%11.6%43.8%21.4%39.2%7.0%2.4%60.1K-2.8M-19.5K0.1773.17N/AN/A58102,4711,597
2022-08-25$36.52$36.0039.6%11.3%43.7%18.9%40.0%7.0%1.8%80.2K-3.2M-20.0K0.6449.24N/AN/A1172,5251,602
2022-08-26$34.85$36.0041.8%12.0%46.4%24.5%41.2%6.8%1.0%47.4K-2.2M-19.0K1.4074.99N/AN/A10142,5331,608
2022-08-29$34.64$36.0042.7%12.2%46.5%26.8%44.9%7.9%-0.2%41.1K-2.0M-18.3K8.0066.66N/AN/A4322,5271,619
2022-08-30$35.33$36.0039.8%11.4%44.9%19.4%40.1%3.0%2.4%7.8K-2.1M-15.9K0.3385.36N/AN/A932,5281,648
2022-08-31$33.46$36.0044.9%12.9%46.4%32.4%43.8%7.1%-0.0%14.0K-1.1M-17.8K0.6067.53N/AN/A5103052,5231,648