TEX Options History — December 2022

In December 2022, TEX traded between $41.20 and $46.09. ATM implied volatility averaged 45.1%, placing in the 32.9% IV rank vs the trailing year. The 30-day expected move averaged 12.1%. IV traded above realized volatility by 13.9% (HV 20d: 31.2%). Max pain ranged from $40.00 to $43.00. Net GEX was positive for 0 of 21 trading days. Term structure was in contango for 17 of 21 days. Put/call ratio averaged 17.67.

Notable Days

  • 2022-12-15: Highest Volume — 1,635 contracts
  • 2022-12-12: Largest IV spike — 31.4% change
  • 2022-12-12: Highest IV Rank — 80.8%
  • 2022-12-30: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$43.46$41.20$46.09$45.34$42.78
Max Pain$41.10$40.00$43.00$43.00$42.00
ATM IV45.1%38.6%64.1%45.2%46.9%
Expected Move12.1%11.1%13.4%13.0%13.4%
HV 20d31.2%26.3%37.2%37.2%29.6%
HV 60d43.7%40.0%47.0%47.0%40.0%
IV Rank32.9%16.3%80.8%33.1%37.3%
IV Percentile33.5%2.0%99.2%31.3%44.8%
Term Structure2.3%-2.0%5.4%-2.0%4.7%
VWIV48.7%42.9%56.4%51.4%48.8%
Skew 25d6.1%4.1%8.3%4.1%6.8%
Skew 10d6.8%-11.9%17.8%13.6%-4.2%
Call IV 25d39.6%35.8%43.6%43.6%38.1%
Put IV 25d45.6%40.2%50.1%47.7%45.0%
Bid-Ask Spread %55.4235.8273.7857.6570.67
Gamma HHI0.450.350.570.500.40
Net GEX-676.9K-1.2M-323.9K-479.6K-730.7K
Net DEX-62.0K-6.5M8.8M-2.9M-981.0K
Net VEX-75.2K-95.4K-48.4K-88.9K-56.5K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio17.670.4991.0091.006.17
Total Volume438.19921,63592294
Total OI30,067.38129,36632,11029,37629,634

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2022-12-01$45.34$43.0045.2%13.0%37.2%33.1%51.4%4.1%-2.0%-479.6K-2.9M-88.9K91.0057.65N/AN/A1914,31325,063
2022-12-02$46.09$43.0043.3%12.4%37.0%28.2%44.3%5.1%-1.2%-323.9K-6.5M-71.0K90.0052.86N/AN/A21804,31325,095
2022-12-05$44.73$40.0046.9%12.4%32.9%37.4%50.1%6.7%1.1%-465.8K-3.5M-72.9K8.2851.85N/AN/A252074,31425,052
2022-12-06$44.17$40.0051.5%13.0%33.2%48.9%50.9%8.1%-0.4%-609.3K188.1K-85.5K18.3335.82N/AN/A122204,31025,056
2022-12-07$44.79$40.0050.5%12.7%33.5%46.5%56.4%5.5%-0.4%-523.9K-2.1M-83.8K6.9246.88N/AN/A372564,31825,089
2022-12-08$44.62$40.0049.3%12.5%32.8%43.3%53.7%4.4%0.7%-440.3K-4.0M-72.2K0.4955.14N/AN/A4502194,32125,315
2022-12-09$43.73$40.0048.8%11.1%31.8%42.1%53.1%6.7%2.1%-537.3K-516.1K-82.8K15.7369.16N/AN/A111734,73325,454
2022-12-12$43.54$40.0064.1%13.0%26.4%80.8%52.1%7.4%1.1%-613.9K87.0K-80.7K13.2856.18N/AN/A537044,74025,716
2022-12-13$43.52$40.0052.0%12.2%26.3%50.4%49.0%8.3%2.3%-643.6K733.4K-80.5K3.4760.84N/AN/A2107284,75625,777
2022-12-14$43.31$40.0039.2%11.2%26.3%17.8%49.1%5.9%3.3%-669.2K657.7K-77.9K4.1366.07N/AN/A863554,85726,170
2022-12-15$41.20$40.0042.0%12.1%29.7%25.1%42.9%6.5%2.4%-1.1M7.0M-83.3K12.2949.53N/AN/A1231,5124,83126,307
2022-12-16$41.49$42.0042.0%12.0%29.7%25.0%43.2%6.3%0.5%-1.2M8.8M-95.4K3.7052.06N/AN/A732704,89627,214
2022-12-19$42.61$41.0040.5%11.6%31.1%21.3%44.4%7.1%3.7%-910.3K3.9M-82.1K2.6851.41N/AN/A1955223,31126,243
2022-12-20$43.17$41.0040.3%11.6%31.5%20.8%46.4%6.3%4.2%-775.6K1.2M-77.2K1.5147.36N/AN/A1382083,46926,504
2022-12-21$43.60$41.0038.6%11.1%31.7%16.3%46.1%6.0%5.2%-687.4K-433.7K-72.0K3.8652.98N/AN/A772973,59726,354
2022-12-22$42.52$42.0043.1%12.3%32.7%27.7%48.6%5.4%2.9%-831.7K2.1M-76.9K6.0046.81N/AN/A593543,61226,551
2022-12-23$43.05$42.0038.6%11.1%32.6%16.3%46.0%4.2%5.0%-687.2K-456.0K-67.1K8.8249.64N/AN/A221943,64026,553
2022-12-27$43.13$42.0039.6%11.3%30.1%18.9%50.1%5.2%5.0%-579.7K-1.8M-60.2K22.7554.62N/AN/A122733,65926,441
2022-12-28$42.38$42.0041.7%12.0%30.3%24.3%51.4%5.5%3.6%-717.5K160.0K-63.4K8.0962.53N/AN/A322593,66426,353
2022-12-29$42.94$42.0044.0%12.6%29.6%30.0%44.4%5.7%5.4%-652.2K-3.0M-48.4K43.6773.78N/AN/A62623,64426,176
2022-12-30$42.78$42.0046.9%13.4%29.6%37.3%48.8%6.8%4.7%-730.7K-981.0K-56.5K6.1770.67N/AN/A412533,65725,977