TEX Options History — November 2022

In November 2022, TEX traded between $38.80 and $45.88. ATM implied volatility averaged 46.9%, placing in the 37.5% IV rank vs the trailing year. The 30-day expected move averaged 13.4%. IV traded below realized volatility by 1.1% (HV 20d: 48.1%). Max pain ranged from $34.00 to $44.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 7 of 21 days. Put/call ratio averaged 12.80.

Notable Days

  • 2022-11-11: Highest Volume — 3,911 contracts
  • 2022-11-28: Largest IV spike — 18.4% change
  • 2022-11-08: Highest IV Rank — 48.5%
  • 2022-11-01: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.62$38.80$45.88$40.85$45.64
Max Pain$40.52$34.00$44.00$34.00$43.00
ATM IV46.9%40.8%51.3%49.9%43.3%
Expected Move13.4%11.7%14.3%14.3%12.4%
HV 20d48.1%42.2%52.2%44.9%42.5%
HV 60d48.3%46.5%49.5%48.1%47.2%
IV Rank37.5%21.9%48.5%45.0%28.3%
IV Percentile44.6%9.9%70.6%63.5%19.4%
Term Structure-0.4%-3.2%1.9%-1.0%0.4%
VWIV47.9%41.0%53.0%51.4%43.8%
Skew 25d6.8%4.9%8.6%4.9%6.1%
Skew 10d14.7%6.1%20.5%10.5%13.9%
Call IV 25d43.6%37.3%47.4%47.4%41.2%
Put IV 25d50.3%43.6%54.4%52.3%47.3%
Bid-Ask Spread %38.7919.2858.4319.2850.09
Gamma HHI0.520.410.580.490.48
Net GEX-553.1K-807.7K-446.5K-465.1K-449.0K
Net DEX-4.8M-16.2M5.8M-2.1M-3.5M
Net VEX-120.0K-160.7K-84.6K-137.0K-84.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio12.801.55192.005.668.58
Total Volume2,340.3331053,9113,483297
Total OI30,325.09527,41433,04027,41429,213

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-11-01$40.85$34.0049.9%14.3%44.9%45.0%51.4%4.9%-1.0%-465.1K-2.1M-137.0K5.6619.28N/AN/A5232,9606,06021,354
2022-11-02$38.80$34.0049.4%14.2%50.0%43.8%51.4%7.5%0.7%-559.2K5.8M-156.1K4.8645.63N/AN/A4772,3196,18322,511
2022-11-03$39.63$37.0048.2%13.6%49.1%40.8%49.5%5.5%1.9%-523.1K3.7M-160.7K3.8435.22N/AN/A4751,8236,27823,305
2022-11-04$42.24$37.0048.1%13.9%51.0%40.4%51.9%8.2%-0.6%-498.0K-4.5M-138.4K6.9238.66N/AN/A3782,6166,26423,377
2022-11-07$42.58$39.0051.0%14.0%51.0%47.7%52.0%7.3%-1.1%-514.9K-5.8M-138.2K5.1641.91N/AN/A3851,9886,30024,014
2022-11-08$42.62$39.0051.3%14.2%50.8%48.5%53.0%6.5%-1.0%-521.3K-6.7M-136.3K4.8443.31N/AN/A5722,7696,36624,115
2022-11-09$41.89$39.0049.5%14.2%52.1%43.9%51.5%6.1%-0.1%-613.7K-4.0M-138.1K3.6035.65N/AN/A5572,0036,22825,182
2022-11-10$43.30$39.0048.3%13.8%52.2%40.9%50.8%6.3%-1.2%-587.1K-8.1M-130.1K4.2337.05N/AN/A5422,2946,26625,277
2022-11-11$45.43$39.0045.7%13.1%50.8%34.2%48.7%6.5%0.5%-493.6K-14.4M-111.9K2.8236.48N/AN/A1,0252,8866,42725,535
2022-11-14$45.17$39.0047.3%13.6%51.2%38.3%46.9%6.4%-1.0%-450.1K-16.2M-108.3K1.5539.65N/AN/A1,2291,9076,95824,835
2022-11-15$45.26$42.0048.0%13.8%50.9%40.1%48.7%6.9%-0.8%-493.0K-13.4M-110.3K2.0242.43N/AN/A1,1342,2866,68825,096
2022-11-16$43.86$43.0048.2%13.8%51.3%40.7%46.8%8.4%-0.9%-660.3K-7.9M-121.3K1.8746.16N/AN/A1,2072,2606,80825,595
2022-11-17$44.11$43.0047.4%13.6%48.9%38.6%46.2%6.9%-0.7%-723.0K-7.1M-131.1K1.8558.43N/AN/A1,2342,2807,04525,950
2022-11-18$44.63$43.0044.6%12.8%45.5%31.7%44.8%8.6%-0.2%-807.7K-12.1M-113.2K3.9129.71N/AN/A6022,3517,07625,964
2022-11-21$44.90$43.0044.2%12.7%45.0%30.6%44.2%6.4%0.6%-574.5K309.8K-112.4K3.0936.37N/AN/A4631,4314,15324,672
2022-11-22$45.12$43.0042.8%12.3%45.0%27.1%42.9%6.3%1.0%-550.7K-64.6K-104.7K3.2832.38N/AN/A4101,3434,23724,775
2022-11-23$45.27$43.0042.3%12.1%44.9%25.8%41.0%6.3%-1.3%-487.4K-2.7M-94.6K3.3832.75N/AN/A3881,3104,26024,880
2022-11-25$45.88$44.0040.8%11.7%44.5%21.9%47.9%6.8%1.9%-446.5K-3.7M-88.2K192.0030.14N/AN/A11924,26224,914
2022-11-28$44.23$44.0048.3%13.8%46.0%40.8%48.0%7.7%-3.2%-634.3K1.7M-107.3K2.3935.67N/AN/A31744,26724,921
2022-11-29$44.70$44.0047.1%13.5%42.2%38.0%44.8%6.7%-2.0%-563.4K-776.3K-98.2K3.0347.71N/AN/A31944,27624,940
2022-11-30$45.64$43.0043.3%12.4%42.5%28.3%43.8%6.1%0.4%-449.0K-3.5M-84.6K8.5850.09N/AN/A312664,28724,926