TEX Options History — September 2023

In September 2023, TEX traded between $56.70 and $62.63. ATM implied volatility averaged 35.3%, placing in the 23.7% IV rank vs the trailing year. The 30-day expected move averaged 10.1%. IV traded above realized volatility by 4.2% (HV 20d: 31.1%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 1 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 1.75.

Notable Days

  • 2023-09-18: Highest Volume — 990 contracts
  • 2023-09-05: Largest IV spike — 26.4% change
  • 2023-09-26: Highest IV Rank — 37.5%
  • 2023-09-26: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.71$56.70$62.63$62.63$57.73
Max Pain$59.75$55.00$60.00$60.00$60.00
ATM IV35.3%26.4%40.5%26.4%36.3%
Expected Move10.1%7.6%11.6%7.6%10.4%
HV 20d31.1%29.4%33.4%29.4%30.2%
HV 60d34.5%33.6%35.3%34.7%33.6%
IV Rank23.7%0.0%37.5%0.0%26.4%
IV Percentile14.5%0.0%42.9%0.0%14.7%
Term Structure3.3%1.7%5.0%2.9%4.0%
VWIV35.5%27.8%39.9%27.8%36.4%
Skew 25d3.5%0.7%5.0%0.7%3.5%
Skew 10d7.3%2.4%16.0%7.0%7.8%
Call IV 25d34.5%29.5%38.9%29.5%36.5%
Put IV 25d38.0%30.2%42.5%30.2%40.0%
Bid-Ask Spread %56.4125.0075.7475.7463.19
Gamma HHI0.340.220.440.220.42
Net GEX-298.6K-657.1K50.0K50.0K-276.8K
Net DEX-5.1M-14.3M390.3K-14.3M-3.2M
Net VEX-62.5K-67.0K-53.4K-55.1K-67.0K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.750.208.940.200.45
Total Volume282.580990110573
Total OI11,487.310,20312,67110,33511,925

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-09-01$62.63$60.0026.4%7.6%29.4%0.0%27.8%0.7%2.9%50.0K-14.3M-55.1K0.2075.74N/AN/A92184,9005,435
2023-09-05$61.05$55.0033.3%10.0%30.5%18.5%34.4%3.5%2.5%-97.9K-11.7M-53.4K0.7057.63N/AN/A1981384,8695,440
2023-09-06$60.91$60.0033.3%10.0%30.2%18.3%34.5%3.3%3.0%-301.7K-9.2M-64.9K1.1155.71N/AN/A1241385,0596,820
2023-09-07$59.80$60.0034.5%10.3%30.3%21.6%37.1%3.8%2.6%-414.1K-6.6M-65.8K1.3841.32N/AN/A71985,0876,893
2023-09-08$58.76$60.0032.5%9.9%30.8%16.3%35.2%3.6%3.0%-518.2K-4.1M-66.5K1.5960.12N/AN/A41655,0806,908
2023-09-11$59.01$60.0037.4%9.9%30.8%29.3%35.0%2.8%2.5%-520.6K-4.7M-61.1K0.4043.21N/AN/A70285,0556,970
2023-09-12$58.38$60.0040.0%9.7%30.9%36.0%35.1%3.8%2.9%-589.2K-2.9M-60.5K0.4536.08N/AN/A100455,0696,992
2023-09-13$57.14$60.0035.4%10.1%31.4%23.8%34.7%5.0%3.0%-657.1K390.3K-58.8K2.5460.39N/AN/A611555,0817,026
2023-09-14$58.97$60.0032.4%9.3%32.6%15.8%32.4%3.0%3.8%-604.7K-4.6M-58.4K4.4958.95N/AN/A572565,0857,142
2023-09-15$58.26$60.0033.3%9.6%30.6%18.4%33.1%4.3%1.7%-271.1K-1.2M-61.2K0.6957.87N/AN/A2581785,0877,584
2023-09-18$59.77$60.0033.9%9.7%31.8%20.0%33.5%3.6%4.1%-192.2K-7.1M-59.2K0.2863.47N/AN/A7742164,3845,819
2023-09-19$58.73$60.0034.5%9.9%32.2%21.7%36.2%3.7%3.9%-138.9K-6.4M-65.6K1.1125.00N/AN/A38424,9415,975
2023-09-20$58.39$60.0034.6%9.9%32.3%21.8%35.2%2.9%3.6%-172.2K-5.4M-63.4K0.7966.86N/AN/A121964,9696,015
2023-09-21$57.11$60.0037.9%10.9%33.4%30.4%36.4%4.7%4.5%-213.1K-2.8M-64.1K0.7666.84N/AN/A2281745,0306,018
2023-09-22$57.05$60.0037.0%10.6%32.3%28.3%35.7%4.5%5.0%-230.3K-2.8M-65.6K0.7968.50N/AN/A67535,1086,103
2023-09-25$56.97$60.0038.4%11.0%31.3%31.8%37.6%3.6%3.5%-240.6K-2.5M-62.8K0.7561.91N/AN/A1571185,1336,140
2023-09-26$56.70$60.0040.5%11.6%30.4%37.5%39.3%3.7%2.7%-235.9K-2.0M-64.6K1.2463.86N/AN/A851055,2306,196
2023-09-27$58.61$60.0037.6%10.8%31.4%29.7%39.9%2.8%3.4%-144.6K-6.4M-65.4K6.2837.25N/AN/A392455,2836,200
2023-09-28$58.25$60.0037.2%10.7%30.1%28.7%39.8%2.7%4.1%-203.7K-4.8M-66.5K8.9464.28N/AN/A332955,2696,426
2023-09-29$57.73$60.0036.3%10.4%30.2%26.4%36.4%3.5%4.0%-276.8K-3.2M-67.0K0.4563.19N/AN/A3961775,2756,650