TEX Options History — October 2023

In October 2023, TEX traded between $43.78 and $55.63. ATM implied volatility averaged 43.5%, placing in the 45.4% IV rank vs the trailing year. The 30-day expected move averaged 12.7%. IV traded above realized volatility by 4.9% (HV 20d: 38.6%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 8 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.30.

Notable Days

  • 2023-10-05: Highest Volume — 2,687 contracts
  • 2023-10-18: Largest IV spike — 13.4% change
  • 2023-10-19: Highest IV Rank — 62.2%
  • 2023-10-19: Largest Expected Move — 14.3%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$50.83$43.78$55.63$55.63$45.76
Max Pain$55.91$55.00$60.00$60.00$55.00
ATM IV43.5%38.4%49.9%39.7%38.5%
Expected Move12.7%11.0%14.3%11.4%11.0%
HV 20d38.6%28.9%54.3%29.2%54.1%
HV 60d35.1%31.5%39.3%34.1%39.2%
IV Rank45.4%31.9%62.2%35.3%32.1%
IV Percentile61.6%31.0%92.1%38.5%31.3%
Term Structure-2.3%-5.0%3.5%3.5%-1.2%
VWIV44.9%38.5%53.3%39.9%38.5%
Skew 25d4.3%3.4%5.8%3.8%3.4%
Skew 10d8.5%-0.3%13.9%-0.3%8.8%
Call IV 25d43.4%37.6%48.4%38.7%37.6%
Put IV 25d47.7%40.9%52.3%42.4%40.9%
Bid-Ask Spread %41.8816.9858.5738.5016.98
Gamma HHI0.300.140.550.550.14
Net GEX-107.8K-459.1K78.8K-383.8K-16.5K
Net DEX3.0M-5.0M9.4M1.2M5.7M
Net VEX-55.1K-73.1K-27.8K-63.9K-29.9K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.300.163.482.063.48
Total Volume408.636742,68714794
Total OI13,086.09111,47514,59212,45812,043

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2023-10-02$55.63$60.0039.7%11.4%29.2%35.3%39.9%3.8%3.5%-383.8K1.2M-63.9K2.0638.50N/AN/A48995,6166,842
2023-10-03$54.44$60.0040.9%11.7%28.9%38.5%40.4%4.0%3.3%-416.0K4.2M-63.8K1.6128.75N/AN/A741195,6276,883
2023-10-04$53.20$60.0039.9%11.4%29.5%35.8%40.5%3.4%3.1%-459.1K7.2M-59.0K0.1646.48N/AN/A587955,6166,945
2023-10-05$52.56$60.0040.2%12.4%29.3%36.5%43.4%5.3%-1.8%-407.6K8.0M-61.1K0.3046.04N/AN/A2,0706176,1456,951
2023-10-06$53.30$55.0038.4%12.5%29.8%31.9%45.7%5.4%-2.0%-118.8K788.9K-71.1K1.9253.90N/AN/A1853567,2996,385
2023-10-09$53.45$55.0039.1%12.7%29.8%33.7%45.1%3.6%-2.7%-100.7K492.2K-70.1K0.5951.11N/AN/A97577,3936,319
2023-10-10$55.23$55.0038.5%12.6%32.5%32.3%43.9%4.7%-2.9%-124.9K-4.1M-73.1K0.1645.42N/AN/A364597,4376,315
2023-10-11$55.18$55.0043.6%12.5%31.8%45.8%45.3%5.5%-1.7%-128.1K-4.3M-70.4K2.0955.81N/AN/A982057,5276,304
2023-10-12$55.44$55.0044.2%12.7%29.4%47.3%42.6%5.5%-3.1%-127.0K-5.0M-70.0K0.8547.93N/AN/A2051757,5826,366
2023-10-13$53.05$55.0045.0%12.9%32.7%49.5%53.3%5.8%-3.3%-60.7K1.6M-68.4K2.8148.23N/AN/A481357,7926,523
2023-10-16$53.99$55.0044.2%12.7%31.8%47.2%44.4%5.1%-3.7%-150.6K-993.8K-66.3K1.7254.57N/AN/A1232127,7956,456
2023-10-17$54.23$55.0043.6%12.5%31.6%45.6%43.6%4.3%-2.5%-175.9K-2.3M-69.6K1.6154.63N/AN/A56907,9596,616
2023-10-18$49.16$55.0049.4%14.2%46.0%61.1%50.2%4.0%-4.9%40.4K9.4M-55.1K1.7158.57N/AN/A2584427,9456,647
2023-10-19$47.47$55.0049.9%14.3%46.7%62.2%48.0%3.9%-4.8%20.3K8.6M-47.5K1.6333.80N/AN/A1362227,9566,035
2023-10-20$47.80$55.0048.7%14.0%47.0%59.3%48.2%4.2%-4.2%44.9K8.5M-47.1K0.5019.13N/AN/A186938,0056,088
2023-10-23$47.50$55.0047.5%13.6%46.9%56.1%46.9%3.5%-3.8%56.7K3.2M-42.1K0.2122.50N/AN/A202426,8134,662
2023-10-24$47.81$55.0046.0%13.2%47.3%51.9%46.1%3.5%-4.1%78.8K3.0M-43.3K0.5446.46N/AN/A48267,0054,675
2023-10-25$46.33$55.0047.6%13.6%45.2%56.2%47.7%4.9%-5.0%32.1K4.7M-39.7K1.5139.52N/AN/A871317,0184,696
2023-10-26$46.81$55.0047.9%13.7%45.9%57.1%49.3%3.6%-4.4%57.7K3.7M-39.9K1.2436.87N/AN/A1071337,0744,648
2023-10-27$43.78$55.0041.9%12.0%50.0%41.2%41.6%4.3%-1.5%-39.4K7.2M-27.8K1.4441.25N/AN/A1702457,1544,703
2023-10-30$46.13$55.0042.0%12.0%54.3%41.3%42.4%3.6%-2.1%6.1K4.9M-32.9K0.3734.87N/AN/A142527,2694,765
2023-10-31$45.76$55.0038.5%11.0%54.1%32.1%38.5%3.4%-1.2%-16.5K5.7M-29.9K3.4816.98N/AN/A21737,3044,739