TEX Options History — July 2023

In July 2023, TEX traded between $56.63 and $65.51. ATM implied volatility averaged 40.5%, placing in the 27.6% IV rank vs the trailing year. The 30-day expected move averaged 11.9%. IV traded above realized volatility by 4.3% (HV 20d: 36.3%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 2 of 20 days. Put/call ratio averaged 1.09.

Notable Days

  • 2023-07-12: Highest Volume — 7,117 contracts
  • 2023-07-12: Largest IV spike — 12.7% change
  • 2023-07-31: Highest IV Rank — 45.1%
  • 2023-07-31: Largest Expected Move — 13.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$60.48$56.63$65.51$60.74$58.54
Max Pain$58.50$55.00$60.00$55.00$60.00
ATM IV40.5%33.5%46.3%38.7%46.3%
Expected Move11.9%10.4%13.3%11.1%13.3%
HV 20d36.3%32.0%39.9%36.2%39.9%
HV 60d43.3%41.2%44.9%41.2%43.7%
IV Rank27.6%5.8%45.1%21.8%45.1%
IV Percentile33.9%2.0%70.2%17.1%70.2%
Term Structure-2.4%-5.6%4.7%4.7%-5.6%
VWIV41.5%33.9%46.2%33.9%46.1%
Skew 25d3.7%1.8%6.1%6.1%3.6%
Skew 10d10.3%-1.8%18.6%12.8%15.7%
Call IV 25d40.2%33.9%46.1%33.9%46.1%
Put IV 25d43.9%37.7%49.6%40.0%49.6%
Bid-Ask Spread %58.2832.1278.2276.9678.22
Gamma HHI0.490.360.720.630.41
Net GEX845.6K187.7K1.4M943.3K329.5K
Net DEX-23.1M-42.4M-5.7M-25.7M-9.3M
Net VEX-60.0K-71.6K-42.4K-53.9K-62.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.090.096.550.540.52
Total Volume603.05947,117156191
Total OI11,930.659,49715,09510,83510,294

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-07-03$60.74$55.0038.7%11.1%36.2%21.8%33.9%6.1%4.7%943.3K-25.7M-53.9K0.5476.96N/AN/A101556,9443,891
2023-07-05$59.17$55.0036.4%10.4%37.4%14.8%37.0%2.3%1.4%970.0K-21.3M-54.3K1.2573.66N/AN/A56706,9843,953
2023-07-06$57.26$55.0037.6%11.6%33.7%18.6%38.9%1.8%-0.9%733.2K-15.1M-51.6K0.3172.73N/AN/A138436,9894,012
2023-07-07$58.63$55.0033.5%11.0%32.9%5.8%39.2%4.6%-0.5%1.0M-19.5M-52.3K0.5968.08N/AN/A71427,0104,031
2023-07-10$59.24$55.0034.7%11.1%33.0%9.7%45.0%4.3%-1.4%1.2M-21.5M-49.7K6.5557.27N/AN/A493217,0334,051
2023-07-11$60.62$55.0035.3%11.3%32.0%11.3%40.2%4.9%-1.8%1.4M-26.4M-47.8K1.5458.43N/AN/A37577,0164,287
2023-07-12$62.97$60.0039.8%11.4%33.4%25.1%39.8%4.1%-2.6%1.1M-32.7M-42.4K0.0947.07N/AN/A6,5106077,0234,306
2023-07-13$63.52$60.0038.8%11.1%32.1%22.2%39.0%3.5%-1.8%1.3M-35.9M-66.3K0.5145.60N/AN/A94489,1054,861
2023-07-14$62.27$60.0041.2%11.8%32.7%29.6%40.3%4.2%-3.0%1.4M-32.2M-66.8K0.8154.29N/AN/A1671369,1524,897
2023-07-17$62.31$60.0042.0%12.1%32.4%32.2%41.4%3.4%-3.4%1.4M-32.9M-63.7K0.2642.95N/AN/A138369,1834,932
2023-07-18$65.51$60.0040.8%11.7%36.0%28.2%41.1%4.0%-2.9%997.1K-42.4M-60.4K1.7049.00N/AN/A3666219,2114,933
2023-07-19$63.32$60.0042.1%12.1%38.8%32.5%41.8%4.5%-3.2%1.1M-35.9M-71.6K0.3043.67N/AN/A285869,3715,460
2023-07-20$61.86$60.0043.5%12.5%39.8%36.6%43.2%2.6%-2.5%811.9K-33.2M-70.3K0.2532.12N/AN/A85219,5565,539
2023-07-21$61.48$60.0041.9%12.0%39.8%31.7%43.4%3.0%-3.4%554.4K-31.9M-70.0K0.4253.23N/AN/A3191359,5195,551
2023-07-24$61.22$60.0042.3%12.1%37.9%33.0%42.1%3.8%-3.2%561.7K-14.8M-67.0K1.3459.82N/AN/A1632186,5702,927
2023-07-25$59.10$60.0043.4%12.4%39.3%36.4%43.2%1.9%-4.3%376.9K-10.2M-65.4K1.0269.29N/AN/A1061086,7013,108
2023-07-26$57.64$60.0043.6%12.5%38.8%36.9%44.4%3.8%-3.9%263.1K-7.6M-61.9K0.8060.80N/AN/A98786,7723,217
2023-07-27$56.63$60.0045.6%13.1%39.3%43.1%46.2%3.7%-5.5%187.7K-5.7M-59.8K2.4458.47N/AN/A541326,8063,251
2023-07-28$57.52$60.0043.5%12.5%39.6%36.5%44.7%3.6%-4.5%227.6K-6.8M-61.4K0.4963.90N/AN/A147726,8553,312
2023-07-31$58.54$60.0046.3%13.3%39.9%45.1%46.1%3.6%-5.6%329.5K-9.3M-62.9K0.5278.22N/AN/A126656,9573,337