TEX Options History — February 2023

In February 2023, TEX traded between $51.47 and $59.19. ATM implied volatility averaged 40.9%, placing in the 22.2% IV rank vs the trailing year. The 30-day expected move averaged 11.2%. IV traded above realized volatility by 8.1% (HV 20d: 32.8%). Max pain ranged from $42.00 to $49.00. Net GEX was positive for 19 of 19 trading days. Term structure was in contango for 0 of 19 days. Put/call ratio averaged 0.54.

Notable Days

  • 2023-02-13: Highest Volume — 1,330 contracts
  • 2023-02-06: Largest IV spike — 44.0% change
  • 2023-02-07: Highest IV Rank — 63.2%
  • 2023-02-01: Largest Expected Move — 13.9%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$55.03$51.47$59.19$52.37$59.19
Max Pain$46.21$42.00$49.00$46.00$49.00
ATM IV40.9%35.2%57.1%48.5%36.8%
Expected Move11.2%10.1%13.9%13.9%10.5%
HV 20d32.8%30.0%36.7%31.4%33.2%
HV 60d32.1%29.7%33.9%33.9%32.4%
IV Rank22.2%7.8%63.2%41.4%11.8%
IV Percentile19.9%0.4%95.2%59.1%3.2%
Term Structure-1.9%-9.6%-0.4%-9.6%-1.0%
VWIV39.0%35.0%46.2%46.2%38.9%
Skew 25d6.5%0.5%15.4%4.9%4.1%
Skew 10d11.1%-7.1%25.6%20.6%11.8%
Call IV 25d35.1%24.0%41.0%41.0%36.7%
Put IV 25d41.6%38.0%45.9%45.9%40.8%
Bid-Ask Spread %64.9727.2596.2494.4785.23
Gamma HHI0.260.230.310.250.27
Net GEX238.0K171.8K350.7K178.8K350.7K
Net DEX-14.5M-18.5M-10.8M-11.5M-18.5M
Net VEX-35.3K-38.0K-30.8K-33.4K-37.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.540.061.221.060.26
Total Volume332.947801,330140450
Total OI6,744.8426,0107,9276,1637,130

Daily Data (19 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-02-01$52.37$46.0048.5%13.9%31.4%41.4%46.2%4.9%-9.6%178.8K-11.5M-33.4K1.0694.47N/AN/A68723,2622,901
2023-02-02$52.13$42.0045.9%11.2%31.9%34.9%43.7%9.8%-2.3%186.1K-11.3M-36.3K0.8161.40N/AN/A57463,3322,935
2023-02-03$52.81$42.0036.5%10.6%31.5%11.1%37.8%14.3%-1.1%185.3K-12.1M-34.5K1.2284.69N/AN/A36443,3692,963
2023-02-06$52.04$43.0052.6%11.5%31.6%51.7%41.5%6.0%-1.7%180.9K-11.4M-34.3K0.9257.68N/AN/A53493,3882,976
2023-02-07$52.13$43.0057.1%12.0%31.7%63.2%39.4%5.5%-1.6%192.6K-11.6M-33.1K1.1472.29N/AN/A51583,4202,992
2023-02-08$51.47$45.0040.9%11.7%32.1%22.3%36.2%7.5%-3.0%194.8K-10.8M-35.7K0.4869.54N/AN/A91443,4523,044
2023-02-09$51.66$49.0046.0%13.2%30.0%35.0%40.3%5.6%-2.3%190.8K-10.8M-35.9K0.6584.00N/AN/A1761153,5233,088
2023-02-10$54.34$49.0036.2%10.4%34.0%10.4%35.0%15.4%-1.4%219.2K-13.8M-33.3K0.2096.24N/AN/A207413,5763,149
2023-02-13$57.14$49.0040.3%11.5%36.7%20.6%39.8%3.7%-3.3%171.8K-16.1M-30.8K0.3058.53N/AN/A1,0233073,5923,146
2023-02-14$56.61$45.0037.4%10.7%35.7%13.5%36.5%5.6%-0.9%227.5K-17.4M-33.4K0.5855.35N/AN/A2381384,2363,293
2023-02-15$56.11$45.0036.9%10.6%36.3%12.0%35.7%4.7%-1.7%266.9K-17.0M-33.6K0.3231.93N/AN/A292924,2843,267
2023-02-16$55.73$46.0036.5%10.5%32.2%11.2%37.3%5.7%-0.4%296.1K-16.7M-34.7K0.1927.25N/AN/A135264,4233,427
2023-02-17$56.86$46.0036.8%10.5%32.1%11.7%38.7%3.8%-0.4%252.3K-18.0M-35.9K0.9028.52N/AN/A2932634,4993,428
2023-02-21$55.87$48.0038.2%11.0%33.1%15.4%40.0%6.2%-0.5%244.6K-13.7M-37.9K0.1261.65N/AN/A436523,8832,127
2023-02-22$55.81$48.0037.4%10.7%32.5%13.5%38.4%3.6%-0.4%271.2K-14.2M-38.0K0.2892.17N/AN/A160444,1962,150
2023-02-23$57.66$48.0036.2%10.4%32.5%10.4%38.8%11.6%-1.4%302.0K-16.5M-36.6K0.0664.16N/AN/A15194,2742,183
2023-02-24$58.11$47.0035.2%10.1%32.0%7.8%36.4%0.5%-0.7%313.5K-17.1M-37.0K0.4430.74N/AN/A200884,3512,193
2023-02-27$57.45$48.0041.3%11.8%32.3%23.2%40.0%5.5%-3.1%297.9K-16.4M-37.9K0.3178.67N/AN/A5511704,4392,261
2023-02-28$59.19$49.0036.8%10.5%33.2%11.8%38.9%4.1%-1.0%350.7K-18.5M-37.9K0.2685.23N/AN/A356944,6912,439