TEX Options History — September 2022

In September 2022, TEX traded between $29.25 and $35.82. ATM implied volatility averaged 46.8%, placing in the 37.0% IV rank vs the trailing year. The 30-day expected move averaged 13.2%. IV traded above realized volatility by 1.7% (HV 20d: 45.0%). Max pain ranged from $30.00 to $36.00. Net GEX was positive for 14 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 2.02.

Notable Days

  • 2022-09-27: Highest Volume — 3,164 contracts
  • 2022-09-12: Largest IV spike — 18.9% change
  • 2022-09-27: Highest IV Rank — 51.9%
  • 2022-09-27: Largest Expected Move — 15.1%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$32.44$29.25$35.82$33.00$29.93
Max Pain$31.90$30.00$36.00$36.00$31.00
ATM IV46.8%39.0%52.7%44.5%51.8%
Expected Move13.2%11.4%15.1%12.8%14.9%
HV 20d45.0%35.3%49.8%46.4%47.4%
HV 60d45.2%42.7%49.7%49.7%44.2%
IV Rank37.0%17.4%51.9%31.4%49.9%
IV Percentile50.9%3.6%83.7%36.9%79.8%
Term Structure1.0%-5.3%3.3%2.0%1.4%
VWIV44.2%26.3%58.0%26.3%52.2%
Skew 25d7.1%4.6%11.4%6.0%8.0%
Skew 10d15.5%-5.9%46.9%32.3%15.4%
Call IV 25d43.2%37.5%48.6%42.3%48.0%
Put IV 25d50.3%44.1%57.2%48.3%56.1%
Bid-Ask Spread %73.1162.8787.2874.4867.52
Gamma HHI0.210.110.310.150.23
Net GEX16.4K-31.5K72.2K3.9K-21.5K
Net DEX-1.5M-3.1M150.8K-830.0K-248.8K
Net VEX-23.3K-30.9K-14.7K-17.3K-29.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio2.020.0510.800.231.18
Total Volume1,040.28693,164953,107
Total OI5,063.1434,1766,6764,1786,676

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-09-01$33.00$36.0044.5%12.8%46.4%31.4%26.3%6.0%2.0%3.9K-830.0K-17.3K0.2374.48N/AN/A77182,5211,657
2022-09-02$32.82$36.0043.1%12.4%46.3%27.9%42.6%6.7%3.3%-4.0K-743.5K-16.8K1.2976.11N/AN/A792,5161,660
2022-09-06$32.83$30.0047.6%12.9%43.7%39.1%58.0%4.6%0.9%-5.9K-713.6K-16.5K0.3887.28N/AN/A5742182,5151,663
2022-09-07$33.90$30.0044.0%12.3%43.6%30.0%42.7%7.2%-0.2%17.9K-1.5M-16.6K0.3471.92N/AN/A6402182,5441,664
2022-09-08$34.00$30.0047.9%12.3%35.3%39.8%40.0%5.1%-0.5%33.0K-1.6M-16.8K1.0875.51N/AN/A12132,6381,659
2022-09-09$35.59$30.0039.0%11.4%38.9%17.4%38.9%6.6%2.6%69.9K-2.9M-16.4K7.5062.87N/AN/A10752,6401,666
2022-09-12$35.82$30.0046.4%12.6%38.9%36.0%44.5%6.0%2.2%72.2K-2.9M-16.4K4.8167.41N/AN/A261252,6461,648
2022-09-13$33.82$31.0049.5%12.5%43.4%43.9%44.9%6.6%1.3%15.0K-1.4M-16.0K0.7767.07N/AN/A5254022,6591,767
2022-09-14$34.70$31.0042.3%12.1%44.5%25.7%29.0%5.5%-5.3%-2.4K-1.7M-14.7K0.0779.29N/AN/A969712,6591,743
2022-09-15$33.75$33.0043.7%12.5%43.7%29.2%42.0%5.0%1.3%24.5K-3.1M-29.2K0.2977.80N/AN/A723,6281,757
2022-09-16$32.55$33.0047.2%13.5%44.9%38.0%43.4%7.8%-1.9%14.4K-2.1M-28.6K0.2472.86N/AN/A1,4793493,6351,756
2022-09-19$33.52$33.0044.6%12.8%46.6%31.7%42.7%6.7%2.0%27.0K-3.1M-28.7K0.0663.02N/AN/A424253,1551,528
2022-09-20$32.96$33.0046.3%13.3%46.6%35.9%43.9%8.6%1.7%52.8K-3.1M-29.7K0.0564.18N/AN/A18093,5171,540
2022-09-21$31.82$33.0046.2%13.2%47.5%35.5%44.0%7.4%2.4%45.4K-2.5M-28.9K1.0582.87N/AN/A1161223,6911,552
2022-09-22$31.39$33.0046.1%13.2%47.5%35.3%47.6%7.4%1.6%38.4K-1.7M-28.8K10.8078.86N/AN/A252703,8041,670
2022-09-23$29.78$33.0049.1%14.1%49.2%43.0%44.9%6.7%1.5%4.2K-439.1K-26.9K8.1277.57N/AN/A252033,8161,778
2022-09-26$29.52$31.0050.8%14.6%47.3%47.2%51.7%7.8%0.3%817-389.0K-25.7K0.4466.64N/AN/A1,4536433,8141,701
2022-09-27$29.25$31.0052.7%15.1%47.3%51.9%49.8%8.6%0.7%-2.5K-220.7K-25.4K1.2274.03N/AN/A1,4251,7393,8501,701
2022-09-28$30.54$31.0049.2%14.1%49.8%43.1%47.8%11.4%1.7%-7.3K-584.2K-30.9K1.2471.84N/AN/A1,4111,7473,8532,782
2022-09-29$29.71$31.0050.3%14.4%47.3%46.0%51.6%10.1%2.1%-31.5K150.8K-29.1K1.1976.27N/AN/A1,4141,6823,8612,796
2022-09-30$29.93$31.0051.8%14.9%47.4%49.9%52.2%8.0%1.4%-21.5K-248.8K-29.9K1.1867.52N/AN/A1,4241,6833,8712,805