TEX Options History — June 2023

In June 2023, TEX traded between $47.64 and $60.02. ATM implied volatility averaged 38.5%, placing in the 20.9% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded below realized volatility by 7.1% (HV 20d: 45.6%). Max pain ranged from $46.00 to $55.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 19 of 21 days. Put/call ratio averaged 1.95.

Notable Days

  • 2023-06-14: Highest Volume — 3,318 contracts
  • 2023-06-12: Largest IV spike — 41.3% change
  • 2023-06-12: Highest IV Rank — 77.2%
  • 2023-06-02: Largest Expected Move — 11.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$56.17$47.64$60.02$47.64$60.02
Max Pain$51.24$46.00$55.00$48.00$55.00
ATM IV38.5%31.6%56.7%39.9%31.9%
Expected Move10.6%9.1%11.7%11.4%9.1%
HV 20d45.6%40.4%47.8%44.5%45.2%
HV 60d48.2%41.6%54.5%51.5%41.6%
IV Rank20.9%0.0%77.2%23.7%1.0%
IV Percentile17.8%0.0%97.6%18.3%0.4%
Term Structure3.0%-1.0%7.7%-0.9%5.6%
VWIV37.3%31.8%42.3%40.9%31.8%
Skew 25d4.0%0.5%7.2%4.1%2.0%
Skew 10d9.1%2.9%18.0%9.8%5.8%
Call IV 25d35.1%31.9%38.6%38.6%32.5%
Put IV 25d39.1%34.5%43.0%42.7%34.5%
Bid-Ask Spread %62.9542.1293.3949.2676.45
Gamma HHI0.540.210.800.590.64
Net GEX623.0K162.2K998.3K608.0K998.3K
Net DEX-22.7M-37.0M-8.5M-8.5M-24.1M
Net VEX-47.8K-59.0K-33.4K-45.0K-56.6K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.950.0113.910.080.22
Total Volume515.381643,31865164
Total OI9,914.6678,80712,5118,80710,822

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-06-01$47.64$48.0039.9%11.4%44.5%23.7%40.9%4.1%-0.9%608.0K-8.5M-45.0K0.0849.26N/AN/A6056,2972,510
2023-06-02$51.81$47.0040.7%11.7%42.2%26.2%42.3%4.9%-1.0%755.9K-18.7M-45.3K0.7575.25N/AN/A2091576,3262,523
2023-06-05$51.05$46.0044.3%11.4%40.4%37.6%40.9%5.8%2.8%825.6K-17.6M-45.1K0.7575.55N/AN/A2161626,3892,538
2023-06-06$54.38$46.0039.6%10.5%45.4%22.7%38.0%5.6%3.4%605.6K-25.6M-39.4K0.2250.45N/AN/A4511006,4792,619
2023-06-07$56.11$46.0031.6%10.5%46.2%0.0%38.6%3.1%2.7%353.9K-29.7M-36.0K0.5143.06N/AN/A3121606,5822,612
2023-06-08$55.99$48.0041.4%11.1%46.3%30.3%39.2%4.1%1.6%442.4K-28.7M-38.5K0.0252.68N/AN/A2,015346,6732,715
2023-06-09$54.61$50.0040.1%11.2%46.5%26.2%41.6%6.1%2.4%472.8K-23.9M-41.4K1.7556.79N/AN/A24426,2852,980
2023-06-12$55.98$50.0056.7%11.4%46.8%77.2%38.8%3.9%0.4%457.9K-26.4M-37.6K4.8661.09N/AN/A663216,2953,010
2023-06-13$57.75$50.0048.6%10.6%47.4%52.4%38.2%3.9%1.2%182.1K-29.3M-33.4K0.2650.36N/AN/A123326,2853,004
2023-06-14$57.03$50.0039.1%11.2%46.1%23.0%37.2%4.8%3.3%162.2K-28.3M-34.9K0.0193.39N/AN/A3,276426,2853,020
2023-06-15$58.06$50.0037.0%10.6%45.1%16.6%36.5%5.4%4.0%790.0K-37.0M-55.6K0.1362.94N/AN/A196259,4253,040
2023-06-16$57.67$50.0037.1%10.6%45.5%17.0%37.8%7.2%4.0%721.2K-36.2M-54.2K3.1684.24N/AN/A1173709,4633,048
2023-06-20$57.85$55.0036.1%10.3%45.3%13.8%37.2%2.7%2.5%754.0K-19.0M-54.8K4.7968.53N/AN/A783746,5312,814
2023-06-21$57.38$55.0035.7%10.2%45.6%12.6%35.1%1.7%7.7%710.5K-17.3M-54.8K1.6548.57N/AN/A1552556,5443,135
2023-06-22$57.02$55.0035.8%10.3%45.3%13.1%35.1%4.9%5.1%643.3K-16.1M-55.6K4.3666.13N/AN/A441926,6283,387
2023-06-23$55.34$55.0035.1%10.1%46.5%10.8%35.2%5.3%4.2%443.7K-11.2M-53.7K13.9167.76N/AN/A111536,6443,551
2023-06-26$57.02$55.0037.1%10.6%47.2%16.9%34.2%3.1%3.0%611.9K-15.7M-54.2K0.1570.18N/AN/A78126,6393,612
2023-06-27$58.80$55.0033.4%9.6%47.8%5.5%35.0%1.9%4.0%778.7K-20.7M-53.8K1.7456.75N/AN/A661156,6993,624
2023-06-28$58.80$55.0034.3%9.8%47.5%8.3%35.6%0.5%3.2%836.7K-20.6M-54.0K1.1370.38N/AN/A2572906,7463,633
2023-06-29$59.21$55.0032.8%9.4%45.3%3.8%33.2%2.3%4.6%927.2K-21.8M-59.0K0.3942.12N/AN/A46186,9163,880
2023-06-30$60.02$55.0031.9%9.1%45.2%1.0%31.8%2.0%5.6%998.3K-24.1M-56.6K0.2276.45N/AN/A134306,9323,890