TEX Options History — January 2024

In January 2024, TEX traded between $55.55 and $63.11. ATM implied volatility averaged 39.6%, placing in the 39.4% IV rank vs the trailing year. The 30-day expected move averaged 11.6%. IV traded above realized volatility by 4.1% (HV 20d: 35.6%). Max pain ranged from $50.00 to $55.00. Net GEX was positive for 21 of 21 trading days. Term structure was in contango for 3 of 21 days. Put/call ratio averaged 1.11.

Notable Days

  • 2024-01-12: Highest Volume — 893 contracts
  • 2024-01-10: Largest IV spike — 11.1% change
  • 2024-01-31: Highest IV Rank — 60.9%
  • 2024-01-31: Largest Expected Move — 13.4%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.20$55.55$63.11$57.45$61.80
Max Pain$54.76$50.00$55.00$55.00$55.00
ATM IV39.6%35.4%46.8%36.2%46.8%
Expected Move11.6%10.2%13.4%10.4%13.4%
HV 20d35.6%23.2%45.0%43.3%36.0%
HV 60d43.5%39.2%47.8%47.3%39.2%
IV Rank39.4%26.8%60.9%29.2%60.9%
IV Percentile53.1%23.8%90.9%27.0%90.9%
Term Structure-2.6%-7.3%7.1%3.8%-6.5%
VWIV40.5%32.7%46.7%32.7%46.7%
Skew 25d3.0%0.3%4.5%1.8%0.3%
Skew 10d6.1%-3.4%10.2%4.3%-3.4%
Call IV 25d39.7%34.9%47.6%34.9%47.6%
Put IV 25d42.7%36.7%48.0%36.7%48.0%
Bid-Ask Spread %55.5620.7472.8865.1868.47
Gamma HHI0.350.270.450.290.29
Net GEX211.4K56.5K337.1K312.7K176.6K
Net DEX-4.8M-6.4M-2.4M-6.1M-5.4M
Net VEX-20.1K-27.1K-14.9K-23.6K-27.1K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.110.133.130.132.63
Total Volume182.0483389370178
Total OI4,727.7142,0516,3415,7043,219

Daily Data (21 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-01-02$57.45$55.0036.2%10.4%43.3%29.2%32.7%1.8%3.8%312.7K-6.1M-23.6K0.1365.18N/AN/A6283,4212,283
2024-01-03$55.88$55.0035.6%10.2%44.9%27.7%35.2%3.6%4.3%259.2K-4.0M-22.6K0.7272.88N/AN/A47343,4272,292
2024-01-04$57.01$55.0036.3%11.5%44.3%29.6%39.6%2.6%-2.5%301.6K-5.4M-22.6K2.1961.13N/AN/A27593,4292,286
2024-01-05$57.16$55.0036.5%11.4%44.3%30.2%38.6%3.9%-2.2%316.6K-5.7M-22.0K0.7657.82N/AN/A93713,4472,299
2024-01-08$57.11$55.0036.2%11.3%44.3%29.3%39.1%3.5%-2.3%323.6K-5.6M-21.0K0.6359.31N/AN/A73463,5042,368
2024-01-09$56.64$55.0035.4%11.3%44.6%26.8%41.1%3.7%-2.1%316.8K-4.9M-20.5K0.2558.78N/AN/A75193,5362,370
2024-01-10$55.87$55.0039.3%11.3%45.0%38.5%43.3%4.5%-2.4%303.2K-3.9M-19.9K0.4662.23N/AN/A35163,5582,376
2024-01-11$56.63$50.0039.2%11.2%45.0%38.2%39.5%3.9%-2.6%333.5K-4.9M-19.4K1.9359.89N/AN/A30583,5862,376
2024-01-12$57.06$55.0039.1%11.2%44.2%38.0%40.5%3.9%-2.8%337.1K-5.3M-19.0K1.2661.36N/AN/A3964973,5912,419
2024-01-16$56.71$55.0040.3%11.6%24.2%41.6%40.6%4.0%-4.1%190.3K-4.5M-17.3K3.1364.71N/AN/A8253,5442,759
2024-01-17$55.55$55.0040.0%11.5%25.1%40.5%38.4%4.5%-3.7%132.7K-2.4M-16.5K0.2766.48N/AN/A51143,5442,757
2024-01-18$56.76$55.0040.7%11.7%26.2%42.8%39.2%4.5%7.1%76.3K-5.0M-14.9K0.2166.77N/AN/A107223,5572,747
2024-01-19$56.59$55.0040.3%11.5%23.2%41.4%41.6%4.5%-3.8%56.5K-5.1M-15.1K1.4267.85N/AN/A1071523,5942,747
2024-01-22$58.15$55.0039.0%11.2%23.9%37.7%39.6%3.8%-3.9%67.4K-2.6M-16.0K0.1757.43N/AN/A425711,147904
2024-01-23$58.10$55.0038.7%11.1%23.9%36.7%39.7%2.9%-4.1%116.0K-3.2M-19.0K0.1751.55N/AN/A58101,481955
2024-01-24$57.78$55.0039.2%11.2%24.0%38.3%40.8%2.7%-3.9%118.2K-3.0M-19.2K2.3355.13N/AN/A461071,524957
2024-01-25$62.23$55.0041.8%12.0%34.8%46.0%41.6%2.0%-4.8%147.6K-5.3M-19.2K0.2631.98N/AN/A163431,562970
2024-01-26$61.52$55.0042.0%12.0%34.9%46.5%41.6%1.1%-5.1%176.8K-5.4M-21.4K0.4828.76N/AN/A199961,765996
2024-01-29$63.00$55.0043.0%12.3%35.7%49.5%45.1%1.5%-5.9%192.9K-6.4M-22.5K2.4820.74N/AN/A33821,9051,033
2024-01-30$63.11$55.0046.1%13.2%35.0%58.8%46.2%0.3%-7.3%183.0K-6.3M-24.0K1.3428.22N/AN/A771031,9171,130
2024-01-31$61.80$55.0046.8%13.4%36.0%60.9%46.7%0.3%-6.5%176.6K-5.4M-27.1K2.6368.47N/AN/A491291,9771,242