TEX Options History — March 2024

In March 2024, TEX traded between $56.23 and $64.53. ATM implied volatility averaged 33.6%, placing in the 22.4% IV rank vs the trailing year. The 30-day expected move averaged 9.5%. IV traded above realized volatility by 0.9% (HV 20d: 32.7%). Max pain ranged from $55.00 to $55.00. Net GEX was positive for 20 of 20 trading days. Term structure was in contango for 20 of 20 days. Put/call ratio averaged 1.00.

Notable Days

  • 2024-03-18: Highest Volume — 369 contracts
  • 2024-03-12: Largest IV drop — 13.2% change
  • 2024-03-11: Highest IV Rank — 42.1%
  • 2024-03-05: Largest Expected Move — 10.7%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$59.58$56.23$64.53$56.73$64.53
Max Pain$55.00$55.00$55.00$55.00$55.00
ATM IV33.6%28.3%40.5%34.2%28.3%
Expected Move9.5%8.1%10.7%9.8%8.1%
HV 20d32.7%21.0%49.7%48.0%22.2%
HV 60d39.3%36.4%43.2%42.7%37.1%
IV Rank22.4%6.3%42.1%23.4%6.3%
IV Percentile18.3%0.4%63.5%16.3%0.4%
Term Structure3.6%0.7%6.6%0.7%6.6%
VWIV33.6%28.8%37.0%33.9%28.8%
Skew 25d0.8%-0.0%1.6%0.6%1.1%
Skew 10d2.7%-1.7%6.8%-1.7%4.2%
Call IV 25d33.5%28.4%37.3%34.9%28.4%
Put IV 25d34.3%29.5%38.2%35.5%29.5%
Bid-Ask Spread %60.8251.2583.9151.2552.58
Gamma HHI0.270.190.340.230.26
Net GEX156.7K54.7K266.5K79.5K266.5K
Net DEX-3.6M-9.0M-417.0K-878.9K-9.0M
Net VEX-35.4K-36.3K-33.6K-35.8K-35.2K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.000.175.920.240.17
Total Volume129.64736926347
Total OI4,818.454,0435,1804,7214,829

Daily Data (20 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-03-01$56.73$55.0034.2%9.8%48.0%23.4%33.9%0.6%0.7%79.5K-878.9K-35.8K0.2451.25N/AN/A212512,5192,202
2024-03-04$57.41$55.0036.3%10.4%48.1%29.5%36.6%0.6%1.5%96.9K-1.4M-36.2K1.1866.07N/AN/A38452,7052,237
2024-03-05$56.23$55.0039.2%10.7%48.4%38.2%36.7%0.9%1.1%54.7K-417.0K-35.5K0.6357.20N/AN/A56352,7192,259
2024-03-06$57.51$55.0038.0%10.5%49.2%34.7%37.0%0.8%1.6%99.2K-1.5M-35.5K0.8454.23N/AN/A79662,7402,261
2024-03-07$58.77$55.0037.2%10.3%49.7%32.3%37.0%-0.0%1.9%161.7K-2.9M-36.3K0.3257.48N/AN/A78252,7652,274
2024-03-08$58.72$55.0035.9%10.3%49.6%28.4%36.0%0.8%1.9%166.5K-2.8M-36.1K0.2956.13N/AN/A141412,7952,260
2024-03-11$58.20$55.0040.5%10.3%37.4%42.1%36.3%1.4%2.0%141.4K-2.2M-35.2K2.9355.02N/AN/A27792,8012,257
2024-03-12$57.91$55.0035.1%10.0%37.4%26.2%35.6%0.1%2.0%116.5K-1.9M-34.3K0.7460.60N/AN/A43322,8182,308
2024-03-13$58.09$55.0034.2%9.8%27.5%23.3%34.6%0.7%2.3%139.3K-2.1M-34.1K1.6362.60N/AN/A24392,8262,308
2024-03-14$57.88$55.0033.5%9.6%26.7%23.4%34.5%0.7%4.4%118.1K-1.9M-33.6K0.6562.08N/AN/A69452,8412,308
2024-03-15$58.75$55.0033.3%9.5%27.1%22.7%33.5%0.9%4.4%68.7K-2.4M-33.6K0.7464.83N/AN/A100742,8592,321
2024-03-18$58.97$55.0032.1%9.2%25.4%19.1%32.3%0.5%4.7%81.6K-2.3M-33.7K0.2866.51N/AN/A289801,9992,044
2024-03-19$59.45$55.0031.6%9.0%24.8%17.1%32.7%0.5%4.2%146.1K-3.2M-35.9K0.5271.30N/AN/A67352,2712,084
2024-03-20$60.00$55.0031.4%9.0%24.8%16.6%31.8%0.7%4.6%189.1K-4.1M-36.3K0.1783.91N/AN/A4272,4112,081
2024-03-21$62.01$55.0031.3%9.0%21.4%16.2%32.4%1.6%4.9%220.3K-6.0M-36.0K0.8353.80N/AN/A72602,4482,086
2024-03-22$61.73$55.0029.8%8.5%21.7%11.3%31.0%1.1%5.7%228.7K-5.9M-36.2K0.3371.15N/AN/A120392,4872,079
2024-03-25$62.00$55.0030.9%8.9%21.7%15.1%30.5%1.4%5.4%244.9K-6.5M-36.2K5.9263.95N/AN/A13772,5792,106
2024-03-26$62.38$55.0030.8%8.8%21.0%14.5%30.5%1.2%5.7%254.8K-6.8M-36.1K0.4352.89N/AN/A58252,5852,128
2024-03-27$64.41$55.0028.5%8.2%22.5%7.1%30.6%0.6%6.1%259.1K-8.8M-35.4K1.1952.92N/AN/A74882,6252,144
2024-03-28$64.53$55.0028.3%8.1%22.2%6.3%28.8%1.1%6.6%266.5K-9.0M-35.2K0.1752.58N/AN/A4072,6662,163