TEX Options History — August 2023

In August 2023, TEX traded between $55.25 and $63.73. ATM implied volatility averaged 36.9%, placing in the 16.8% IV rank vs the trailing year. The 30-day expected move averaged 10.6%. IV traded above realized volatility by 0.9% (HV 20d: 36.0%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 10 of 23 trading days. Term structure was in contango for 20 of 23 days. Put/call ratio averaged 1.30.

Notable Days

  • 2023-08-01: Highest Volume — 2,522 contracts
  • 2023-08-02: Largest IV drop — 22.8% change
  • 2023-08-01: Highest IV Rank — 59.7%
  • 2023-08-01: Largest Expected Move — 14.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.64$55.25$63.73$61.78$60.47
Max Pain$58.91$55.00$60.00$60.00$60.00
ATM IV36.9%30.3%51.0%51.0%30.4%
Expected Move10.6%8.7%14.6%14.6%8.7%
HV 20d36.0%26.4%44.3%44.2%26.4%
HV 60d39.6%34.5%40.6%40.6%34.5%
IV Rank16.8%0.0%59.7%59.7%0.5%
IV Percentile15.7%0.0%90.5%90.5%0.4%
Term Structure0.8%-8.5%4.0%-8.5%4.0%
VWIV36.9%30.6%52.3%52.3%30.6%
Skew 25d3.0%1.0%4.3%4.3%3.0%
Skew 10d7.0%-4.2%20.6%20.6%-4.2%
Call IV 25d36.1%29.5%49.7%49.7%29.9%
Put IV 25d39.0%32.7%54.1%54.1%32.8%
Bid-Ask Spread %56.0536.9267.0936.9257.03
Gamma HHI0.340.210.490.470.24
Net GEX108.0K-496.4K849.8K591.0K-140.2K
Net DEX-8.7M-19.7M900.2K-16.4M-10.3M
Net VEX-61.1K-74.2K-53.9K-69.2K-58.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.098.055.820.62
Total Volume452.957322,5222,522162
Total OI11,510.7398,66113,95610,41810,299

Daily Data (23 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-08-01$61.78$60.0051.0%14.6%44.2%59.7%52.3%4.3%-8.5%591.0K-16.4M-69.2K5.8236.92N/AN/A3702,1527,0463,372
2023-08-02$63.73$60.0039.4%11.3%44.3%23.9%40.7%2.2%-1.2%770.5K-19.7M-73.6K0.2148.94N/AN/A5311127,2485,281
2023-08-03$63.19$55.0038.0%10.7%42.4%19.7%37.5%2.8%0.8%728.8K-17.4M-74.2K0.6160.36N/AN/A108667,1755,265
2023-08-04$62.66$55.0037.7%10.8%42.1%18.8%38.4%2.3%0.5%676.5K-15.8M-70.4K0.8255.95N/AN/A1951597,2235,268
2023-08-07$63.28$55.0037.7%10.6%42.1%18.9%38.2%3.3%0.5%849.8K-17.7M-66.7K0.4056.58N/AN/A106427,2525,302
2023-08-08$62.41$55.0038.7%10.9%41.8%21.9%38.9%2.4%0.3%659.1K-14.8M-63.5K0.5665.37N/AN/A54307,2695,336
2023-08-09$61.36$55.0037.7%10.8%39.9%18.7%37.3%2.3%0.3%337.4K-11.4M-61.8K1.8660.73N/AN/A14267,2835,350
2023-08-10$60.90$60.0040.0%11.5%39.8%26.0%39.3%2.4%-0.8%106.2K-9.5M-58.7K1.3953.96N/AN/A62867,2915,366
2023-08-11$60.56$60.0036.6%10.5%39.3%15.6%37.1%4.0%1.9%1.0K-8.5M-58.4K2.1259.77N/AN/A6491,3797,2645,427
2023-08-14$60.86$60.0037.0%10.6%39.3%16.8%37.5%3.7%0.3%211.4K-9.2M-62.3K1.7754.04N/AN/A701247,8475,684
2023-08-15$60.08$60.0036.9%10.6%34.5%16.3%36.8%2.9%0.7%-496.4K-6.2M-59.8K0.2239.65N/AN/A258577,8515,769
2023-08-16$58.68$60.0037.1%10.6%33.5%17.1%36.8%2.6%0.6%-193.1K-4.1M-60.6K0.2555.97N/AN/A304757,9835,764
2023-08-17$56.82$60.0038.8%11.1%34.3%22.1%36.9%1.0%0.5%-264.3K900.2K-59.1K0.2443.91N/AN/A116288,1715,769
2023-08-18$56.83$60.0038.4%11.0%34.4%20.8%37.7%3.4%0.4%-83.4K585.2K-55.8K1.6264.00N/AN/A951548,1845,772
2023-08-21$56.14$60.0036.8%10.5%34.5%16.0%32.9%3.3%1.4%-114.6K-3.5M-55.2K0.0967.09N/AN/A696664,3674,340
2023-08-22$56.16$60.0037.3%10.7%32.5%17.4%38.1%3.0%0.8%-125.3K-3.4M-54.6K0.8862.46N/AN/A17154,2594,402
2023-08-23$56.51$60.0036.7%10.5%31.5%15.8%35.3%3.4%0.2%-135.0K-3.6M-54.9K0.1260.74N/AN/A224274,2754,426
2023-08-24$55.25$60.0034.7%10.0%31.9%9.7%34.8%3.1%2.4%-127.2K-2.3M-53.9K0.3059.18N/AN/A138414,4814,418
2023-08-25$56.51$60.0034.5%9.9%32.5%9.0%34.4%3.4%2.5%-110.1K-4.4M-55.3K8.0564.46N/AN/A1311,0554,6484,434
2023-08-28$57.68$60.0032.4%9.3%32.7%2.6%34.6%2.7%3.0%-304.2K-5.0M-60.2K0.6756.74N/AN/A126854,7485,357
2023-08-29$59.18$60.0030.6%8.8%27.6%0.0%31.5%3.5%3.7%-232.3K-8.0M-58.4K0.7855.00N/AN/A65514,8095,411
2023-08-30$60.59$60.0030.3%8.7%26.5%0.0%30.6%3.2%4.0%-121.6K-10.8M-59.3K0.4550.41N/AN/A67304,8475,414
2023-08-31$60.47$60.0030.4%8.7%26.4%0.5%30.6%3.0%4.0%-140.2K-10.3M-58.8K0.6257.03N/AN/A100624,8915,408