TEX Options History — April 2024

In April 2024, TEX traded between $56.33 and $65.34. ATM implied volatility averaged 35.2%, placing in the 29.1% IV rank vs the trailing year. The 30-day expected move averaged 10.4%. IV traded above realized volatility by 11.1% (HV 20d: 24.1%). Max pain ranged from $55.00 to $60.00. Net GEX was positive for 20 of 22 trading days. Term structure was in contango for 3 of 22 days. Put/call ratio averaged 1.08.

Notable Days

  • 2024-04-26: Highest Volume — 751 contracts
  • 2024-04-10: Largest IV spike — 22.8% change
  • 2024-04-24: Highest IV Rank — 46.3%
  • 2024-04-24: Largest Expected Move — 11.6%

Monthly Statistics

MetricAvgMinMaxOpenClose
Price$62.05$56.33$65.34$63.02$56.33
Max Pain$58.18$55.00$60.00$55.00$60.00
ATM IV35.2%29.1%40.4%29.1%34.8%
Expected Move10.4%8.3%11.6%8.3%10.0%
HV 20d24.1%21.4%27.2%23.8%24.9%
HV 60d36.1%33.5%37.4%36.9%34.4%
IV Rank29.1%8.9%46.3%8.9%27.7%
IV Percentile36.4%1.2%75.0%1.2%30.6%
Term Structure-1.7%-5.4%6.7%6.7%-2.4%
VWIV36.6%27.7%49.1%29.3%34.1%
Skew 25d1.7%0.8%2.3%0.8%2.0%
Skew 10d2.5%-4.5%5.4%3.6%2.7%
Call IV 25d36.0%29.4%39.9%29.4%34.2%
Put IV 25d37.8%30.2%42.2%30.2%36.2%
Bid-Ask Spread %53.9731.7584.6449.1868.58
Gamma HHI0.310.150.910.290.23
Net GEX336.5K-69.6K2.7M285.4K-69.6K
Net DEX-4.9M-9.5M3.1M-7.6M3.1M
Net VEX-37.3K-39.8K-34.6K-34.6K-39.8K
Div Yield0.0%0.0%0.0%0.0%0.0%
P/C Ratio1.080.117.217.210.75
Total Volume222.59126751320637
Total OI4,865.1823,4685,4394,8324,993

Daily Data (22 trading days)

DatePriceMax PainATM IVExp MoveHV 20dIV RankVWIVSkew 25dTerm StrGEXDEXVEXP/CSpread %Call WallPut WallCall VolPut VolCall OIPut OI
2024-04-01$63.02$55.0029.1%8.3%23.8%8.9%29.3%0.8%6.7%285.4K-7.6M-34.6K7.2149.18N/AN/A392812,6722,160
2024-04-02$62.95$55.0030.2%8.7%23.7%12.6%31.8%2.0%5.7%263.6K-7.0M-39.5K1.7442.44N/AN/A701222,6952,435
2024-04-03$64.72$55.0029.9%8.6%23.1%11.7%30.6%2.3%5.8%248.7K-8.6M-39.2K0.7344.14N/AN/A15112,6922,484
2024-04-04$64.15$55.0032.0%10.7%23.0%18.5%37.5%1.7%-1.8%253.3K-8.0M-39.8K0.7549.97N/AN/A56422,7052,484
2024-04-05$65.31$55.0030.2%10.5%22.7%12.8%27.7%1.2%-1.1%250.9K-9.0M-38.9K0.5143.80N/AN/A86442,7152,490
2024-04-08$65.06$55.0030.7%10.4%22.8%14.2%37.2%1.7%-1.1%248.7K-9.0M-38.2K0.5161.99N/AN/A109562,7362,524
2024-04-09$65.34$55.0029.1%10.3%22.2%9.1%36.3%1.4%-1.7%254.6K-9.5M-37.7K2.8037.35N/AN/A10282,7752,512
2024-04-10$64.02$55.0035.8%10.3%23.8%31.0%37.2%1.5%-1.6%276.0K-8.2M-38.0K1.1641.23N/AN/A55642,7782,507
2024-04-11$64.44$60.0035.2%10.1%23.8%29.1%36.4%1.8%-1.4%265.8K-8.7M-37.4K0.2543.87N/AN/A2872,7892,521
2024-04-12$63.41$60.0037.2%10.7%24.8%35.6%38.2%2.0%-2.0%286.3K-7.6M-38.1K0.1745.49N/AN/A78132,7972,522
2024-04-15$62.57$60.0037.7%10.8%25.3%37.3%37.5%1.9%-2.4%311.1K-6.8M-37.1K0.2853.96N/AN/A109302,8362,523
2024-04-16$62.28$60.0039.0%11.2%25.4%41.8%38.8%2.0%-3.1%320.8K-6.7M-36.9K0.9166.24N/AN/A67612,8862,529
2024-04-17$60.94$60.0039.4%11.3%26.8%43.0%39.7%1.8%-3.7%478.7K-5.2M-36.7K0.7466.32N/AN/A73542,9002,536
2024-04-18$59.99$60.0039.7%11.4%27.2%44.0%40.3%1.8%-4.1%769.2K-3.6M-35.8K0.3748.76N/AN/A49182,8872,552
2024-04-19$59.85$60.0039.6%11.3%24.3%43.5%39.6%1.7%-3.9%2.7M-2.2M-35.0K0.3248.07N/AN/A87282,8672,563
2024-04-22$60.95$60.0039.6%11.3%25.3%43.5%39.1%1.8%-5.0%64.3K-1.2M-34.9K0.1664.91N/AN/A154241,7131,755
2024-04-23$61.16$60.0039.5%11.3%25.3%43.3%39.4%2.1%-4.7%77.1K-1.4M-35.1K0.1165.83N/AN/A180191,7841,770
2024-04-24$60.61$60.0040.4%11.6%25.3%46.3%49.1%2.3%-5.2%73.5K-1.1M-35.8K0.9766.58N/AN/A1511461,8681,781
2024-04-25$59.86$60.0040.4%11.6%22.2%46.2%41.3%1.8%-5.4%51.5K-465.3K-36.3K0.6531.75N/AN/A1951261,9521,918
2024-04-26$59.56$60.0031.8%9.1%22.1%17.8%31.6%1.6%-1.4%43.8K-92.2K-36.5K1.3062.19N/AN/A3264252,0392,017
2024-04-29$58.61$60.0033.4%9.6%21.4%23.0%33.4%1.1%-2.4%-11.0K1.1M-38.4K1.2884.64N/AN/A3174072,1312,241
2024-04-30$56.33$60.0034.8%10.0%24.9%27.7%34.1%2.0%-2.4%-69.6K3.1M-39.8K0.7568.58N/AN/A3652722,3812,612