TEX Options History — February 2024

In February 2024, TEX traded between $53.20 and $64.73. ATM implied volatility averaged 38.4%, placing in the 35.9% IV rank vs the trailing year. The 30-day expected move averaged 10.5%. IV traded below realized volatility by 7.5% (HV 20d: 45.9%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 17 of 20 trading days. Term structure was in contango for 3 of 20 days. Put/call ratio averaged 0.72.

Notable Days

  • 2024-02-09: Highest Volume — 861 contracts
  • 2024-02-07: Largest IV drop — 20.6% change
  • 2024-02-05: Highest IV Rank — 69.5%
  • 2024-02-08: Largest Expected Move — 11.5%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$58.23$53.20$64.73$62.74$57.42
Max Pain$58.25$55.00$60.00$60.00$55.00
ATM IV38.4%33.7%49.7%45.9%35.3%
Expected Move10.5%9.7%11.5%11.0%10.1%
HV 20d45.9%33.0%55.2%34.2%48.5%
HV 60d41.1%36.4%43.4%39.0%42.6%
IV Rank35.9%21.8%69.5%58.1%26.6%
IV Percentile42.9%13.5%97.6%86.9%25.4%
Term Structure-0.8%-2.9%1.1%-1.8%-0.5%
VWIV37.3%34.1%40.6%39.2%34.7%
Skew 25d1.4%-0.6%3.4%1.7%0.7%
Skew 10d2.9%-3.2%6.5%4.1%4.2%
Call IV 25d36.9%34.9%40.3%39.2%34.9%
Put IV 25d38.3%35.2%41.5%40.9%35.5%
Bid-Ask Spread %37.3016.9461.1937.8442.36
Gamma HHI0.220.140.280.270.23
Net GEX82.7K-29.1K195.2K166.8K100.5K
Net DEX-2.1M-7.4M1.3M-5.8M-1.5M
Net VEX-30.7K-36.3K-27.1K-27.1K-36.3K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio0.720.142.230.250.54
Total Volume253.855486114654
Total OI4,170.63,3124,7853,3124,698

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-02-01$62.74$60.0045.9%11.0%34.2%58.1%39.2%1.7%-1.8%166.8K-5.8M-27.1K0.2537.84N/AN/A117291,9781,334
2024-02-02$63.45$60.0045.9%11.0%33.8%58.2%38.9%1.5%-2.2%171.7K-6.3M-27.6K0.2833.35N/AN/A117332,0151,360
2024-02-05$63.00$60.0049.7%11.1%34.1%69.5%40.6%2.1%-2.0%181.2K-6.1M-28.2K0.4127.36N/AN/A68282,0851,403
2024-02-06$63.48$60.0049.5%11.1%34.1%68.9%39.7%1.8%-2.1%191.7K-6.5M-27.6K0.5725.55N/AN/A164942,1121,407
2024-02-07$64.34$60.0039.3%11.3%33.8%38.5%39.5%0.8%-2.0%194.4K-7.2M-28.3K0.6124.25N/AN/A2111282,1761,471
2024-02-08$64.73$60.0040.1%11.5%33.0%40.8%40.3%0.9%-2.9%195.2K-7.4M-28.6K0.4461.19N/AN/A4121812,2101,585
2024-02-09$59.02$60.0034.6%9.9%48.2%24.5%34.9%1.1%-0.1%115.1K-2.2M-28.3K1.3947.99N/AN/A3615002,5041,715
2024-02-12$59.19$60.0035.7%10.2%48.2%27.9%35.9%0.6%-0.6%156.3K-2.3M-30.4K0.1448.26N/AN/A240342,5521,855
2024-02-13$55.25$60.0037.5%10.7%54.3%33.1%38.3%1.8%-0.0%9.9K513.1K-28.3K1.7447.61N/AN/A1712982,6831,828
2024-02-14$56.44$60.0036.4%10.4%54.4%30.0%35.2%2.5%-1.4%31.7K-358.6K-31.1K0.6721.65N/AN/A64432,7331,974
2024-02-15$56.77$60.0036.3%10.4%53.9%29.6%36.4%2.8%-0.5%32.2K-523.6K-31.1K0.7847.69N/AN/A81632,7381,996
2024-02-16$55.45$60.0035.2%10.1%54.5%26.2%36.5%3.4%-0.1%-29.1K143.1K-31.2K1.0853.23N/AN/A1001082,7532,032
2024-02-20$54.78$60.0036.4%10.4%53.6%29.7%37.1%1.5%-0.3%7.0K459.0K-29.7K0.6018.81N/AN/A2811691,9861,828
2024-02-21$55.25$55.0036.5%10.5%53.7%30.1%37.0%1.7%-1.1%28.0K138.5K-32.1K0.3334.48N/AN/A97322,1611,945
2024-02-22$53.20$55.0036.1%10.3%55.2%29.0%37.0%-0.6%-0.6%-931.3M-30.7K2.2332.27N/AN/A1012252,2341,968
2024-02-23$53.97$55.0033.7%9.7%47.5%21.8%34.1%0.1%1.1%-5.8K1.1M-32.8K0.5951.77N/AN/A99582,2512,099
2024-02-26$54.24$55.0035.1%10.1%47.6%26.2%40.2%1.9%0.3%647968.5K-33.6K0.1523.58N/AN/A110162,3392,147
2024-02-27$55.40$55.0034.7%9.9%47.4%24.8%34.4%0.6%-0.0%36.6K86.2K-34.5K1.1316.94N/AN/A54612,4302,156
2024-02-28$56.50$55.0034.8%10.0%48.2%25.1%35.2%1.3%0.5%70.3K-795.5K-36.1K0.5649.80N/AN/A48272,4732,198
2024-02-29$57.42$55.0035.3%10.1%48.5%26.6%34.7%0.7%-0.5%100.5K-1.5M-36.3K0.5442.36N/AN/A35192,4992,199